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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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Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe

paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

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The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

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Wanted Cryptography Experts in China

 Wanted Cryptography Experts in China

The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.

it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.

The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)

this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.

The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC  that Bans any activity related to the cryptocurrency market.

Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.

something like if you can beat them , copy them.

in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the  digital currency research institute

This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.

the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project

since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.

the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.

“Beijing’s ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”

Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.

and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.

The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.

So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.

 

 

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