Before signing up for any new brokerage account, it is smart to see what people are saying about it. As far as CFD and Forex brokers, AvaTrade is one of the best. They are based out of Dublin, Ireland and have offices all over the world. They offer many products, including Forex, stock CFDs, option CFDs and cryptocurrency CFDs. Since they are based in Ireland, the brokerage is overseen by the Central bank of Ireland and the Spanish CNMV, you can be sure that they are regulated at higher standards than many other brokers that offer CFD and Forex trading.
Anyone can sign up for AvaTrade, even new investors, they offer educational courses on their website and tips and tricks on the platform. They also offer great leverage ratios, so that you don’t have to put up all of your cash to make a buck. The highest leverage offered is 1:400, this means that with $100, you can buy or sell 400 times that amount. Their commission fees are zero, they simply make money off of the bid-ask spread that they offer. So rather than owing the company a certain amount on each side of the trade. They charge you through the entry price they offer. For people that open trades with limit orders, this means that you essentially pay no fees whatsoever.
For newcomers, AvaTrade offers a free demo account, where they allow you to practice trading before you trade your own money. Many people find this feature beneficial in that they get to test out the feel of the platform and how trading comes to them, before putting their own capital at risk. AvaTrade offers MetaTrader4 and various other trading platform capabilities. Most platforms are available to use for mobile trading as well as on the PC. AvaTrade has so much to offer investors of all experience levels, is safe and well trusted by its users.