The Ultimate Guide to
AvaTrade
www.avatrade.sa.com
AvaTrade are a client-focused broker with over 10 years of experience in the trading industry. They are a multinational company with regional offices all over the world. The company’s website is available in more than 15 languages, including a dedicated website in Arabic, making them a suitable choice of broker for clients from Qatar. Traders opening an account through the Arabic website are provided products through AVA Trade Ltd, which is authorised by the British Virgin Islands Financial Services Commission.
AvaTrade offers its customers access to over 250 financial instruments including cryptocurrencies, stocks, shares, indices, bonds, and commodities. An additional noteworthy feature of AvaTrade is that it offers Islamic accounts for its customers based in Muslim countries such as Qatar. These accounts are free of any interest-based fees as the Islamic faith does not permit interest-based fees or transactions.
The company’s website offers a wealth of educational resources for traders such as educational videos, articles, eBooks, market indicators, and webinars. A free 21-day demo account is also available, enabling traders to practice their skills and to get familiar with AvaTrade’s platforms. AvaTrade globally accepts two payment methods, namely wire transfer (minimum 500 EUR/USD/GBP/AUD) and debit/credit card (minimum of just 100 EUR/USD/GBP/AUD).
Plus500
www.plus500.ae
Plus500 is an advanced trading platform provided by the Plus500UK Ltd. company, whose offices are based in London. They are one of the top providers of Forex and contracts for difference (CFDs) in the UK, and are regulated by the Financial Conduct Authority (FCA). Plus500 adhere to the FCA’s stringent client money regulations, which ensure that deposits held within client accounts are kept separate to the firm’s own funds, offering clients additional protection. With over 2000 instruments in their portfolio such as commodities, currencies, stocks, and options, Plus500 are considered to be a rapidly expanding company. Trading can be done not only through a web-browser, but also through their powerful apps which can be downloaded from the Apple App Store and on Google Play. The apps are easy to use, yet still contain many advanced features which can help the trader make informed decisions. Just some of the features available include Stop Loss and Take Profit limits, Clients from Qatar have access to an Arabic version of the website, which allows them to access information about the account and the different markets available. The platform can also have Arabic selected as the primary language, making Plus500 a suitable broker for traders from Qatar. Traders can choose their base currency, but are required to set this up by contacting the customer support team before conducting their first trades on their live account.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
XTB
www.xtb.com/int
XTB International Limited (XTB) are the international subsidiary of the XTB Group. Based in Belize, they are licensed by the International Financial Services Commission (IFSC) to provide their brokerage services around the world. Starting as a pioneering Forex broker in Poland in 2002, they now have offices in 13 different countries, including France, Spain, Italy, Portugal and the Czech Republic. Amongst the financial supervisory authorities that the group are accountable to, are the Financial Conduct Authority (FCA), BaFin (Federal Financial Supervisory Authority), and the Polish Financial Supervisory Authority (KNF). An international version of the XTB website is provided for clients from Qatar, which is in English, and allows traders to select from two different types of account. Accounts can be opened in US dollars, using transfers from bank accounts, or deposits made via debit/credit card. ePayments such as Neteller and Skrill are also available for international clients. The standard MetaTrader4 platform is provided as an option for traders, however XTB also offer their own proprietary trading software. xStation 5 has recently won an award for being the ‘Best Trading Platform 2016’. It offers an array of powerful features that clients can access from their desktop computers – Macs and PCs, or from their mobile devices – including tablets, phones, and even smartwatches. The platform settings allow clients to choose the most appropriate language and the user interface is customisable so traders can feel comfortable with its appearance.
