avatrade Review~ Helpful guide to this Forex Broker

AvaTrade cryptocurrencies broker is an international Forex broker part of the Ava Group of companies. Founded in 2006, they are one of the oldest online brokers with four offices, located in Japan, Australia, Ireland & British Virgin Islands.

 

Avatrade Bitcoin Broker

  • Regulated by ASiC, BVI, FSA(JP), FSB, MiFID
  • Over 10 years in business (established in 2006)
  • Headquarter In Ireland
  • Tel:1 212 941 9609
  • Web:https://www.avatrade.com
  • Min. Deposit $100

Why Trade Bitcoin and Bitcoin Cash with AvaTrade

 

  • They offer Bitcoin CFD trades with up to 20:1 leverage
  • Traders are able to start trading Bitcoin from Minimum deposit of  £100/$100/€100
  • Volatility makes for an excellent addition to any financial trading portfolio.
  • AvaTrade Bitcoin Broker offers zero commissions on Bitcoin Online trading and no bank fees charged on transactions.
  • The Bitcoin market is available to traders 24/7*, for maximum convenience
  • 1-click functionality allows you to buy/sell Bitcoin/Bitcoin Cash on our MT4 platform.

Like with all forex brokers this is offered as a CFD and in this case you do not enter the Market, when you are trading Bitcoin  with AvaTrade,  you are trading on the price changes of the digital coin, and not actually buying Bitcoin.

  • The maximum accumulated position size for Bitcoin is 100 BTCUSD (10 LOTS).
  • The maximum accumulated position size for Bitcoin Cash is 100 BCHUSD (10 LOTS).

Avatrade Cryptocurrencies Trading Conditions

InstrumentMinimum Spread (Pips)Typical Spread (Pips)MetaTrader LeverageMetaTrader MarginAvaTrade Act LeverageAvaTrade Act MarginMinimum Nominal Trade Size
ETHEREUM**$3.40 over market$3.40 over market10:0110%10:0110%1
DASH**$5.00 over market$5.00 over market5:0120%5:0120%1
RIPPLE**$0.0045 over market$0.0045 over market5:0120%5:0120%1,000
ETCUSD**$0.20 over market$0.20 over market5:0120%N/AN/A1
BTCUSD**$34.00 over market$34.00 over market20:015%20:015%0.1
BTCEUR**€38.00 over market€38.00 over market10:0110%N/AN/A0.1
BTCJPY**¥5000 over market¥5000 over market10:0110%N/AN/A0
BCHUSD**$5.00 over market$5.00 over market5:0120%N/AN/A0
LITECOIN Mini**$1.00 over market$1.00 over market5:0120%5:0120%1
XMRUSD**$1.90 over market$1.90 over market5:0120%N/AN/A1
NEOUSD**$0.55 over market$0.55 over market5:0120%N/AN/A1

Crypto Currency trading is not available on Islamic accounts.

Overnight Interest (daily) SellOvernight Interest (daily) BuyTrading Hours (GMT)ExpirationExchange
-0.07%-0.07%24/7N/AN/A
  • Margin Calls on Crypto Currencies will be enforced during the weekends based on market trading rates. Should you wish to avoid this risk, clients should close their positions on Friday before EOD.
  • Maximum cumulative open trade size for Crypto Currencies is $500,000 notional value of total Crypto Currency positions.
    • 100 BTCUSD (10 LOTS)
    • 100 BCHUSD (10 LOTS)
    • 1,000 ETHEREUM (10 LOTS)
    • 1,000 DASH (10 LOTS)
    • 1,000,000 RIPPLE (10 LOTS)
    • 5,000 LITECOIN Mini (50 LOTS)***

***LITECOIN Mini has a maximum open trade size of 5,000 (50 LOTS).

avatrade cryptocurrencies trading

AvaTrade License & Regulation

AvaTrade cryptocurrencies online trading Brokerage  is licensed by various financial regulators depending on your country of residence.

  • AVATrade EU Ltd is regulated by the Central Bank of Ireland, #C53877, which covers the entire European Union.
  • AvaCapital Markets Pty Ltd is licensed in South Africa by the FSB license #45984.
  • AvaTrade Japan K.K. is licensed by the FSA Japan #1662 & the Japan FFA #1574.
  • AvaCapital Markets Australia Pty Ltd is licensed by ASIC in Australia #406684.

With the recent volatility in the Forex markets and now even more in the cryptocurrency markets, it makes sense to only trade with the brokers that have a good license and thus insurance in case they fall and you still have money there.

the fact that Avatrade cryptocurrencies Broker has segregated accounts (which means your money an theirs is not mixed) is even better for the peace of heart.

Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.