Before you deal with any broker, AvaTrade included, there is a list of thing you need to know. Let’s summarize the key facts about AvaTrade before you go trading with it.
It is important to find out the pricing of the broker. For instance, when you learn about AvaTrade, you see that there is a free demo account. This means you can try trading for free with virtual money. It’s a great opportunity for the beginners to try themselves in trading. It’s also a great option for the more experienced traders to see how convenient it is to work with AvaTrade. You can also find out the information on the typical spread on the official website. It’s important to know that this broker makes money by widening the bid/ask spread.
High level of security is one of the most important characteristics you need to explore before dealing with any broker. AvaTrade, for instance, has:
- 256-bit SSL encryption;
- True-Site identity assurance seal;
- McAfee Secure.
It’s also a WebTrust compliant. Maintaining the security of clients’ money and personal information is one of the priorities for the company. They are licensed in many countries, meaning they abide by the strict rules of the regulatory bodies in all those countries.
All in all, when making a choice, it’s better to double-check all the information on the broker and compare how the services satisfy your requirements. Trading always involves risk, but choosing the right broker decreases it greatly.