Everything That Has Made AvaTrade UK a Great Online Broker
As more and more people take interest in trading, brokers have realized the need of having an online presence. The number of brokers in the online world is increasing at a great pace. The competition is getting tougher and some brokers are pulling ahead. The reason why some are pulling ahead is because they are not competing to be better. Instead, they are competing to give the best to their traders. Among some of the best brokers today, AvaTrade UK has turned out to be one of the most impressive ones. A look at the features offered by this broker gives a clear view of why AvaTrade UK is going up at such a great pace.
Let’s look at all the features that are contributing to making AvaTrade UK a great online broker.
Regulation and Licensing
As a trader looking to start a career in trading, the first thing you should look for in a broker is licensing. When a broker is licensed, there is a great chance that it is regulated as well. By doing these checks, you are making sure that the broker is a legal entity and it is under some kind of obligation. Think about a company that is not answerable to anyone for what it does. The chances of corruption are high for such a company. However, when there is an authority on a company that is constantly monitoring its performance, you can expect the company to deliver its best.
When it comes to AvaTrade UK, you will be happy to know that it is a registered and licensed broker. It is regulated by authorities in the countries it is currently operating. This broker knows that it is answerable to those authorities for the level of services it provides to the traders. For that reason, you can expect only the best from AvaTrade UK.
Safety of Information
Rules regarding the safety of information of customers are getting tougher and tighter with time. You know the launch of GDPR in 2018 and how it has made many companies to revise their policies about how they obtain information. In addition to how companies obtain information from the customers, they also have to ensure the safety of the information that has been obtained. There are many international standards protecting the information of the customers when it is residing with companies. The best way to protect the information of the traders is to encrypt it as soon as it leaves the computer of the trader.
Once again, you should not be worried about this particular issue because AvaTrade UK is there to protect your information in the best way possible. It uses the best encryption standards for your information to save it from any unauthorized entities.
Bonuses and Promotions
Before you sign up with a broker, you expect something in return for opening your account. Different brokers have different ways to reward their traders. AvaTrade UK also has different types of promotions and bonuses designed for its traders. Some of these bonuses are available to you as soon as you sign up with the broker. Some other bonuses are available when you trade actively after opening your account. When you trade actively for a long time with the broker, you are rewarded loyalty points. These loyalty points are the best thing that can happen to a trader. You can gather these points and then use them for trading. They are like free credit from your broker.
As a trader, you want to have some options when you are signing up with the broker. You don’t want your hands tied. In fact, flexibility is even more important for new traders than it is for the experienced ones. Flexibility means that you should be able to sign up based on terms and conditions that are easy for you. What if you are a new trader and just a student, and your broker compels you to deposit $10,000 in your account? Where will you bring this money from? Is it possible for you to deposit just $250 or $500 in your account and open it? Yes, when you work with AvaTrade UK, you can open your account with just $500.
Once you have deposited this amount in your account, you are able to trade in the financial markets freely. You can take advantage of all the features that are associated with the account type you have chosen. You can learn more about the features you can enjoy when you sign up with an account as you read on.
In addition to the basic account, there are some advanced options available for traders who have been in the industry for several years. These people do not have any issues in terms of how much money they have to deposit in the account. However, they want more leverage and spreads are extremely important for them. Let’s find out about the spreads now.
Tight Spreads and Small Commissions
This is one of the features that can make a broker or break it. It does not matter how good your services and how good your trading platform feels to the traders. If you make them spend too much money for completing their trades, chances are that they will not stay with you for very long. As a broker, you also have to keep in mind that there are many other brokers competing with you on the basis of spreads and commissions. So, for traders, they have to understand that the broker is not providing its services for free. It has to charge the trader in some way to make its money.
Brokers can charge traders in the form of commissions or spreads. When it comes to commissions, the broker charges a fixed amount when a trader enters a trade. On the other hand, spread is the difference between the selling and buying price of an asset. A broker will make you pay more for buying an asset but give you less money when you sell the same asset. AvaTrade UK shows great care for the interest of its traders in this area. It has some of the tightest spreads in the industry. What this means is that you can earn a lot of profit on your traders rather than losing a big chunk of it in spreads.
Withdrawals and Deposits
As a trader, you have to see how easy or difficult it will be for you when it comes to withdrawing money from your online account with the broker or depositing money in this account. You must be thinking, “What can be difficult in depositing or withdrawing money?” That’s a valid question and there is a good answer for that as well. What makes deposits and withdrawals difficult is the amount of money you have to pay as fees, the minimum deposit or withdrawal limit, and the methods you can use for doing these transactions. You want credit card and bank wire transfer options at any cost. However, AvaTrade UK makes even more ways available to you for depositing money in your account and withdrawing it.
In addition to that, AvaTrade UK does all it can to keep the fees away from you. In some cases, you might have to pay the processing fees. However, in most of the cases, you don’t have to pay any fees for depositing funds in your account and withdrawing them. The minimum deposit requirements are also easy.
The Asset Index
That’s where things start to get really serious. There are some things that are focused only on traders. However, there are some things that give you a clear idea of how big the broker is. Asset index is the first thing that serves as an indicator of how big a broker is. By asset index, it means the number of assets that you can trade with the broker. You have to know here that once you have signed up with a broker, you can only trade the assets that are available in its index. If you want to trade an asset that is not on the index, you will have to sign up with a different broker.
For that reason, brokers have to do their best to include more and more assets on their index. AvaTrade UK has already done that work and its asset index is definitely admirable. You have five different asset classes from which you can choose the asset to trade. You have forex currency pairs. These are the pairs that you can trade to make money off their price differences. You have all the major and minor pairs available with AvaTrade UK. Moreover, you have a long list of indices from around the world available. NASDAQ and FTSE are included on this list. You can also trade commodities and they include wheat, corn, coffee, and precious metals like gold, silver, and platinum.
The best thing is the cryptocurrencies that have recently been added to the list. Cryptocurrency market is not very old and many brokers are not comfortable because of that. However, AvaTrade UK wants to bring the best to its traders and so you can now trade the CFDs of the best cryptocurrencies on the market when you have signed up with AvaTrade UK.
The Trading Platform
Trading platform is yet another extremely important part of any broker’s offerings. A broker cannot be a good broker if its trading platform is not good. There are some issues that these platforms often have. For example, some trading platforms look great in terms of their interface. However, they are not so good when you look at their speed. Speed matters a lot on a trading platform because slow speed can cause you to lose money. How you lose money is by placing trades on numbers that are old. What you think is the current and real-time price of an asset is actually quite old. You are seeing old numbers only because the platform is slow.
The trading platform you receive from AvaTrade UK comes with all the amazing features you can expect. It has speed and a great user interface. It is an intuitive platform that you will understand as soon as you land on it. An easy platform means that you don’t have to waste your time on learning the platform. Instead, you can start trading as soon as you have signed up.
The other important thing is the availability of the platform across many devices. In today’s world, it is not enough for a broker to create a platform for personal computers. Personal computers are not as popular as mobile devices today. For that reason, any trading platform you see has to be compatible with mobile devices as well. AvaTrade UK’s trading platform is compatible with most of the devices you can think of. It is available on personal computers, tablets, laptops, and even smartphones. The best thing is that your trading experience is unaffected regardless of the device you are on.
You will also love the fact that all of your trading activities are possible in one place. In the past, you had to have a different platform for trading CFDs and a different one if you wanted to trade currency pairs. Today, all of these things have been brought in one place, and that’s why trading has become so easy and exciting for new traders.
The Trading Tools
Before you jump in the world of trading, you have to know a few facts. It is not enough for you to understand how the charts work to make profitable trades. Charts are there to give you a view of what’s happening in the market right now or what was happening a few days ago. Charts can provide you some really old data as well. However, they only tell you the movement in the price of the asset. They can never tell you the reason of that movement. You cannot base your trading decisions only on what you see in the charts. That is why you need trading tools as well. Trading tools are various software applications that help you with profitable trades.
These tools can do a lot of things. They can analyze old data and the reasons of price movements, and give you an outcome of what you can expect to happen in the market in the coming days. In some cases, trading tools are as simple as a news ticker. So, using this tool will give you news about the market on a regular basis. When you receive the news from the financial markets, you know what decision you should be taking based on what has happened and what is about to happen. You get access to dozens of such tools when you sign up with AvaTrade UK. The best thing is that you get access to signals regardless of the account type you have chosen.
If you are a little aware of how trading works, you must be looking for some leverage from your broker. Leverage, as the name tells, is like a little help from the broker to help you conduct trades that are otherwise not possible from your account. When you open an account, you can only have so much money in it. For example, you might not have more than $1,000 in your account if you are a new trader. What if there is a trade that requires you to have $10,000 in your account? Will you let this trade go even if you think you are sure about the outcome and that doing this trade would benefit you?
You will be glad to know that you have ample leverage available for you irrespective of your account type when you sign up with AvaTrade UK. The leverage lets you control big trades and you can control some big ones because of the size of leverage that you can get from AvaTrade UK. However, you should be very careful when it comes to using leverage. Some traders think that leverage increases their profits. What they don’t realize is that a leverage can work in both ways. If it can help you increase your profits from a profitable trade, it can also amplify your losses as a result of an unsuccessful trade.
When you want to start a career in trading, you want to learn about it. It is just like getting medical education before you become a doctor. However, there are no specific institutions that will teach you about trading in the financial markets. Not to mention, trading conditions can be different as you move from broker to broker. In such a situation, it is best that you learn to trade from the broker you are signing up with. The broker can give you all the useful tips and tricks about trading successfully while you are also meeting the terms and conditions of trading on this broker’s website.
Trading education starts from the basic understanding of the markets, assets, and the jargons used within the industry. When you are new to trading, you will hear many terms that are new to you and won’t make much sense. In addition to that, you want to know the many strategies and tactics that you can use to minimize your risks. All of this information is available in the form of text and videos. You can get access to these videos and ebooks when you sign up with AvaTrade UK. AvaTrade UK has its educational material organized in a very proper manner.
All the relevant material is available to you when you sign up with the broker with any account. AvaTrade UK has also arranged for webinars to teach you even better. Webinars are great ways for new traders to connect with some old traders and experts. These experts can give some useful tips and tricks during the webinars. On most occasions, there is a question and answer session after the webinar. New traders can get all the clarification they need during these question and answer sessions.
Last but not least, you have customer services as a way to measure how good or bad a broker is. Brokers who are not serious with their business and traders do not pay attention to their customer service. Giving advanced features on the trading platform, and making a lot of account types available are not ways for brokers to provide great customer service. Great customer service starts when a trader has a problem. A trader sees how easy the broker makes for him/her to contact the company. Furthermore, the trader sees how much help he/she gets when there is a problem.
Customer service is great from AvaTrade UK as it provides more than one way to the traders to contact the company. This is a sign of a serious broker. It does not want to leave its trader alone in the time of need. If you are a trader on AvaTrade UK, you can contact the company by calling the phone number that’s easily available on the website. Hearing another human on the other side is always satisfying. It is even more satisfying when you hear the voice of a person who is trained and knowledgeable. Furthermore, you have an email address that you can use to contact the company.
You can also talk to a live chat agent by visiting the website. The chat agent is there to greet you as soon as you land on the website. You can ask your generic and specific questions from this agent and get help instantly. Overall, customer services is also great from AvaTrade UK.
The points stated above are the factors that you have to see in any broker before you sign up. These are the indicators that tell you whether or not a broker is worth your money. You have to know at this point that AvaTrade UK is not one of the oldest brokers on the market. In fact, when you compare it with the oldest ones, you will see that it is one of the new ones. Despite being new, the broker has paid attention to the most important factors that matter to the traders. It is AvaTrade UK’s care for its traders and a perfect execution of its plans that has made it one of the greatest online brokers today.