Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
The Ultimate Guide to
AvaTrade
www.avatrade.ng
AvaTrade are an award-winning broker offering online trading services to clients from around the world. Whilst mainly providing their services through their online platforms, they have several regional offices around the world, allowing clients to access their customer support services locally. AvaTrade’s international holding company is based in the British Virgin Islands, where it is regulated by the BVI Financial Services Commission. Their EU headquarters are in Ireland, where they are regulated by the Central Bank of Ireland, and from where their services are passported out to most European countries under MiFID (the Markets in Financial Instruments Directive). By putting in place the strict controls and processes required under these regulatory regimes, AvaTrade are demonstrating their commitment to customer protection.
Clients from Ghana benefit from access to the regional office which is located in Nigeria. As the company offers clients their website in a variety of different languages, many of the languages spoken by clients from Ghana are covered. The Nigerian website is in English, which is also the official language spoken in Ghana.
AvaTrade offer a variety of different platforms, including MetaTrader 4, which is one of the most widely used Forex platforms in the industry. AvaTrade also offer several other of their own platforms, each serving a specific function. These include AvaTradeAct, which allows access to all of the 250+ financial instruments available to clients, including indices, such as the NASDAQ 100; stocks; commodities, such as oil and gold; Exchange-Traded Funds (ETFs); Forex pairs, such as USD/GBP; and cryptocurrencies, for example, Bitcoin and Ethereum. Many of the markets can be traded as contracts for difference (CFDs), where the value of the market is traded upon and the trader is not required to take ownership of the underlying instruments. These are convenient products for traders of all levels, and where significant leverage is offered, clients can benefit from increased exposure to small market movements. It should be noted however that this also means that clients can suffer amplified losses when the markets move against them. The amount of leverage applied will, therefore, depend on the risk appetite of the client.
AvaTrade also offer several automation platforms, including RoboX, which automatically applies trading strategies, Mirror Trader, ZuluTrade and MQL5 for their MetaTrader 4 platform. These services allow traders to view and copy trading signals from other traders, and much more.
AvaTrade’s website offers comprehensive educational tools for traders. These resources include videos, articles, webinars, eBooks – such as the free Forex eBook, and detailed market analysis. A dedicated learning platform, known as SharpTrader, has also been recently launched for AvaTrade clients. Moreover, traders can open a demo account where they can practice their trading skills for 21 days using virtual currency rather than their own real money. This also gives traders an opportunity to sample the trading platforms and get used to the live trading environment.
In order to open a real account, clients need to deposit a minimum of 100 USD/EUR/GBP/AUD using a credit or debit card, or 500 USD/EUR/GBP/AUD for wire transfers. Other payment methods include PayPal and Neteller.
Why Choose ThinkMarkets For Ghana?
ThinkMarkets scored best in our review of the top brokers for ghana, which takes into account 120+ factors across eight categories. Here are some areas where ThinkMarkets scored highly in:
8+ years in business
Offers 50+ instruments
A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
24/7 customer service
Tight spreads from 0.10pips
Used by 0+ traders.
Offers demo account
2 languages
ThinkMarkets offers two ways to tradeForex, CFDs.
If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the
broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
ThinkMarkets have a B
trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being
segregating client funds, being established for over 8
A Comparison of ThinkMarkets vs. Forex.com vs. Hotforex
Want to see how ThinkMarkets stacks up against Forex.com and Hotforex? We’ve compared their spreads, features, and key information below.
Spread & fee comparsion
The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
