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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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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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