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AvaTrade Review | Security, Apps & Features | Invezz

AvaTrade provides CFD (Contract for Difference) trading for a wealth of different assets including commodities, ETFs, forex, stocks, indices, and cryptocurrencies. CFD trading allows users to trade against the changes in the price of an asset without having to buy the underlying asset. These types of trades are usually leveraged in the interest of profit…

AvaTrade Overview

What can I do with AvaTrade?

AvaTrade provides CFD (Contract for Difference) trading for a wealth of different assets including commodities, ETFs, forex, stocks, indices, and cryptocurrencies. CFD trading allows users to trade against the changes in the price of an asset without having to buy the underlying asset. These types of trades are usually leveraged in the interest of profit maximisation. If you are interested in buying and holding cryptocurrency for yourself, you should be looking at cryptocurrency exchanges or brokers instead; but if you’re looking to profit by trading against the value of crypto, then CFD platforms are the way to go.

AvaTrade provides an extensive amount of educational and analytical resources for traders on their partner website SharpTrader.com. There are also up to 5 mobile and web-based platforms offering different trading instruments and tools for users to choose between.

Which cryptocurrencies can I trade?

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Bitcoin Cash (BCH)
  • Neo (NEO)
  • Ripple/XRP (XRP)
  • EOS (EOS)
  • Litecoin (LTC)
  • Monero (XMR)

AvaTrade Payment methods

With AvaTrade, you are required to use the same methods for the depositing and withdrawal of payments. Before you do so, you will have to submit documents to show proof of identity (POI) and proof of residence (POR). More information on this can be found in the account verification section below. Here is a list of the currently accepted payment methods:

Bank Transfer

You can fund your AvaTrade account through a bank transfer or wire transfer. This could take up to 7 days to show up on your account.

Debit/Credit card

You can make deposits with your Visa or MasterCard. The funds should appear on your account instantly, however, if you are using your credit card to make a deposit with AvaTrade for the first time, it could take up 24 hours before the funds show up on your account. The debit/credit card you use must also be registered in your own name.

Electronic wallets

You can fund your account through various electronic payment methods such as Paypal, Neteller, Webmoney, and Skrill. The funds should be available on your AvaTrade account within 24 hours.

What devices can I use AvaTrade on?

AvaTrade provides several trading platforms that can be accessed by different devices. For example, the AvaTradeGo platform is a proprietary trading platform available on their specially designed mobile app, which can be accessed by both Android and iOS users. Desktop and laptop users can alternatively use the MetaTrader 4 or ZuluTrader platform, which can be accessed through download or on the browser. You can use AvaTrade on:

  • Desktop computers
  • Laptops
  • Mobile phones
  • Tablets

How easy is it to use AvaTrade?

AvaTrade has a simple, organised, and intuitive website that comes in multiple languages including English, Italian, French, German, Spanish, Arabic, Portuguese, Russian, Taiwanese, Chinese and Japanese. The trading platform (MetaTrader 4) can be accessed directly through the landing page upon login. First-time traders might struggle with finding their way around the MT4 platform, which is where AvaTrader’s educational resources and guides come in handy. If you’re new to CFD trading, it usually takes some time to get your head around it all.

Countries supported

AvaTrade is available in over 150 countries worldwide. Although the full list is not specified, we have compiled a list of all the countries supported via recognised regulators below:

  • Austria
  • Belgium
  • Bulgaria
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • United Kingdom
  • Australia
  • Japan
  • South Africa

Regulation

AvaTrade is a regulated broker authorised to conduct CFD trading in over 150 countries around the world. Some of the notable entities that regulate the operations of AvaTrade include the Central Bank of Ireland, Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Financial Services Agency in Japan, and the Financial Services Board in South Africa.

AvaTrade Account verification

The account verification process is quite extensive on AvaTrade.com, largely due to compliance towards regulators. If you are a user based in the UK, you are expected to produce documents that show proof of your identity (POI) and residence (POR). You will be required to answer basic compliance questions regarding your understanding of the risks of CFD trading practices. Therefore, when opening AvaTrade account, you will need to show:

  • A valid government issued ID, passport photo, or driver’s license
  • A utility bill or bank statement within the last three months, which shows your full address, name, and date of receipt.

AvaTrade Customer support

AvaTrade has a multilingual support staff that can be contacted through calls, live chat, and email. Support is currently available in Arabic, Finnish, English, French, Hungarian, German, Korean, Japanese, Polish, Russian, Portuguese, Spanish, and Swedish. The customer support team operates 24/5 and offers localised support for various countries. Avatrade also has an extensive FAQ section where you can expect to find answers to common queries regarding the trading platform, cryptocurrencies, and CFD trading. Response times may vary depending on where you are based.

CFD platform

First impressions

AvaTrade offers different trading platforms depending on the device you are using. If you are operating from a desktop computer or laptop, you will be able to use the MetaTrader 4 program, which is the default trading platform for experienced traders. This is actually the main platform on AvaTrade, which can be a bit daunting for first-time users to use. However, AvaTrade provides a plentiful amount of educational resources on how to use the MT4 platform itself.

On top of this, you will be provided with additional trading features such as market reviews and economic calendars, which update you with the latest news and updates regarding the assets you intend to trade with. There are also more simplistic platform alternatives for inexperienced users, such as the ZuluTrader, or the mobile proprietary platform AvaTradeGo.

What currency pairs can be traded at AvaTrade?

  • BCH/USD
  • BTC/EUR
  • BTC/JPY
  • BTC/USD
  • BTG/USD
  • EOS/USD
  • ETH/USD
  • LTC/USD
  • XRP/USD

Are there fees for trading?

AvaTrade does not charge commissions on trades, withdrawal fees, or inactivity fees. Instead, the platform is funded through its spreads, which are explained below.

What is the minimum spread?

A spread is the difference between the ask (selling) and bid (buying) price of an asset. AvaTrade offers floating spreads, which means that spreads are constantly changing in response to market fluctuations, so it isn’t possible to give a definitive answer to the questions here.

Can I trade cryptocurrencies with leverage?

Yes, you can CFD trade cryptocurrencies with leverage. However, due to how volatile the cryptocurrency market is, leverages are usually a lot lower for cryptocurrencies compared to more stable assets like forex. If any leverage is offered at all on cryptos by Avatrade, it’s usually 2:1.

It is advised that users be careful when trading with leverages, as the potential to make large profits is equally matched by the potential to lose capital.

What are the margins required?

The margin is the minimum amount of money required in order to open a leveraged trade, so you only put up a fraction of your exposure when trading with leverage. Because they fluctuate often, it is best to have a look at the most recent margins on the AvaTrade trading platform itself.

Can I open long and short positions with AvaTrade?

Yes, you can open long and short positions with AvaTrade. Opening a short position means that you are intending to sell at a specific price because you expect that prices will plummet further in the future. On the other hand, a long position is taken when you think that prices are bound to go up in the near future. This can either help you to cut losses or capitalise sooner on profits.

Are there withdrawal and deposit limits?

AvaTrade does require a minimum deposit, and this depends on your payment method and its denominated currency. The minimum deposit via credit or debit card is £100 / $100 / €100, whereas via wire or bank transfer it is £500 / $500 / €500. There are no limits to withdrawals, but AvaTrade does require you to withdraw funds in your account using the same payment method you deposited with.

Summary of AvaTrade CFD trading

AvaTrade provides exactly what you want if you are looking to CFD trade cryptocurrencies with leverage, as they provide a competitive amount of cryptocurrency pairs to trade with. Furthermore, they provide a uniquely wide range of platforms for different levels of traders to trade with, and equip users with a wide range of free educational resources through its partner SharpTrader.com. First-time users who might be inexperienced with trading platforms like MetaTrader4 (MT4) can also practice using the demo for up to 21 days with $100,000.

General

Extra Features

Daily Briefing and Weekly Market Report

AvaTrade provides its users with daily and weekly information on specific markets and assets, which are coupled with detailed analysis and news updates to inform traders.

Auto Chartlist

This is a set of pattern recognition tools that you can use for fundamental and technical analysis as long as you deposit at least $500 in your account.

Demo

As a new user, you can try using a demo account on AvaTrade for up to 21 days, learning the ropes of trading with $100,000 to spend on the MT4 platform without having to submit full verification.

Conclusion

AvaTrade is a reliable CFD platform for users looking to trade with cryptocurrencies. Compared to many other CFD platforms, AvaTrade provides an abundance of trading related resources at little to no cost for its users. These come in the form of daily or weekly news analysis, or educational resources hosted on SharpTrader.com, which teach users how to make the most of their trading platforms.

Users can also check and manage their trades on the go with the AvaTrade mobile app and trading platform AvaTradeGo, as well as interactively learn the ropes through the demo service provided.

In regards to user security, AvaTrade and its subsidiaries have become compliant with an extensive amount of regulators around the world, demonstrating their nature as a dependable and reliable trading platform.

The only detriment with AvaTrade is that they might take time to move your money. Compared to most other CFD platforms, users have reported that withdrawal times with AvaTrade are unusually long, although they do always arrive eventually.

How to set up an account

Decided to register an AvaTrade account? Great, here’s how it’s done:

  1. Visit AvaTrade’s official website, and click on ‘create account’.
  2. You will be redirected to a page where you can start to fill in your personal information, including your full name, country of residence, phone number, and email address.
  3. At this point, you will be able to use a demo account through the web-based platform. If you wish to start trading with real money, you will have to get your account fully verified. Details on how to do this can be found in the ‘account verification’ section.
  4. Once you have submitted the requisite documents and gotten approval for them, you can start CFD trading with AvaTrade once you enter your first deposit!
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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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