AvaTrade

AvaTrade
Private
Industry Online trading
Founded 2006
Founder Emmanuel Kronitz
Negev Shekel Nosatzki
Headquarters Dublin, Ireland
Key people
 Daire Ferguson (CEO)
Keith Goldson (CCO)
Naeem Aslam (chief market analyst)
Products Electronic trading platform
Foreign exchange market
Contract for difference
Services Financial broker
Foreign exchange
Website avatrade.com

AvaTrade is an online foreign exchange (forex) and contract for difference (CFD) broker headquartered in Dublin, Ireland. Through its online trading platforms and mobile apps, the company offers trading in numerous markets, including currencies, commodities, stock indices, equities, exchange-traded funds, bitcoin and bonds.

History

AvaTrade was founded as Ava FX in 2006[1] by Emanuel Kronitz, Negev Nosatzki and Clal Finance.[2] In founding the company, Kronitz and Nosatzki led AvaGroup, a group of finance professionals aiming to create a customer service-oriented forex broker.[3][4] In 2013, AvaFX changed its name to AvaTrade, to reflect the company's expansion beyond forex brokerage services to a wider range of financial services, including stocks, indices (including the Dow Jones and Standard & Poor), commodities and bonds.[1][5] As of 2013, AvaTrade had over 200,000 registered client accounts in over 160 countries,[3] placing more than 2 million trades per month.[3][6][7]

Operations

Locations

AvaTrade has its headquarters in Dublin, Ireland, with its holding company in the British Virgin Islands,[8][9] and offices and sales centers in Tokyo, Japan; Milan, Italy; Paris, France; Sydney, Australia; Shanghai, China; and Ulaanbaatar, Mongolia.[7][10]

Regulation

AvaTrade is regulated in the European Union by the Central Bank of Ireland, in Australia by the Australian Securities & Investments Commission, in the British Virgin Islands by the British Virgin Islands Financial Services Commission, and in Japan by the Financial Services Agency, the Financial Futures Association of Japan and the Commodities Futures Association of Japan.[5][11][12] The company offers its services to traders in countries around the world, excluding the United States.[9] Its strongest markets are the European Union, the Middle East and Asia.[3]

Products and platforms

AvaTrade offers spot trading primarily through MetaTrader 4 (MT4) and the company's AvaTrader (ACT) software.[1][13][14] Both trading platforms are offered as browser-based and mobile applications. The company also offers automated trading platforms through Mirror Trader, ZuluTrade and others.[1] On Avatrade, you will have the possibility to trade on MetaTrader 4, but you also have the possibility to use the customized platform of Ava, which is pretty solid and simple also.[15] In April 2013, AvaTrade launched AvaOptions, a trading platform allowing customers to buy and sell vanilla currency options, and to execute more complex investing and hedging strategies.[16][17]

In August 2013, AvaTrade became the second forex broker to offer bitcoin trading online, launching bitcoin trading with CFDs on both its own AvaTrader and the MT4 platform.[5][14][18][19]

In February 2014, the company launched Hush Trade, an educational website providing its customers with strategic advice, training materials and other content from professional traders.[9]

Acquisitions

In July 2010, AvaTrade acquired Art Co., a Japanese forex broker. In March 2011, the company acquired the non-US customer book of broker eForex. In June 2011, they acquired clients and client assets outside the European Union from Finotec Trading UK Limited.[20][21] In July 2014, AvaTrade confirmed that it had acquired the Australian customer book of Sydney-based broker YouTradeFX, bringing YouTradeFX customers over to the AvaTrade platform.[22]

Honors and awards (selected)

References

  1. ↑ 1.0 1.1 1.2 1.3 “AvaTrade Review,” FX Empire. Accessed November 11, 2014.
  2. ↑ Roee Bergman, “Clal Finance sells remaining stake in forex unit AVA,” Globes, June 6, 2010.
  3. ↑ 3.0 3.1 3.2 3.3 “Emanuel Kronitz on customer service,” World Finance, September 1, 2012.
  4. ↑ 4.0 4.1 4.2 “History of AvaTrade (AvaFX),” BestBrokerCanada.com, 2011. Accessed November 11, 2014.
  5. ↑ 5.0 5.1 5.2 “AvaTrade Review,” FX View, June 10, 2013.
  6. ↑ Denise Marie, “AvaFX Broker Review,” Binary Options Journey, July 2013.
  7. ↑ 7.0 7.1 “AvaTrade Review,” Forex Awards. Accessed November 11, 2014.
  8. ↑ “AvaTrade (AvaFX) Review,” ForexFraud.com. Accessed November 11, 2014.
  9. ↑ 9.0 9.1 9.2 Steven Hatzakis, “AvaTrade Launches HushTrade.com Portal, and New Binary Options Offering Is Live,” Forex Magnates, February 20, 2014.
  10. ↑ “Reviewing Forex Brokers: AvaTrade,” Trade Daily, September 17, 2013.
  11. ↑ “AvaTrade Leading FX & CFD Broker Awarded Regulatory Approval by BVI FSC,” Business Wire, July 29, 2013.
  12. ↑ Andrew Saks McLeod, “Regulatory Expansion: British Virgin Islands FSC Issues AvaTrade With Regulatory Approval,” Forex Magnates, July 30, 2013.
  13. ↑ 13.0 13.1 “AvaTrade Review,” Daily Forex. Accessed November 11, 2014.
  14. ↑ 14.0 14.1 “Avatrade Review,” Plus500Findings.com, 2014. Accessed November 11, 2014.
  15. ↑ “AvaTrade Review,”FxLingo.com. Accessed January 4, 2015.
  16. ↑ “AVAOptions,” Forex Quebec, May 23, 2013.
  17. ↑ Ron Finberg, “AvaTrade Launches FX Options – Powered By Sentry Derivatives,” Forex Magnates, April 16, 2013.
  18. ↑ Ron Finberg, “AvaTrade Launching Bitcoin Trading On Both its AvaTrader and MT4 Platform,” Forex Magnates, August 5, 2013.
  19. ↑ Muhammad Haroon, “Trading Bitcoins with AvaTrade Forex Trading Platform,” Made For Bitcoin, May 19, 2014.
  20. ↑ Gerald Segal, “AvaFX acquires clients from Finotec,” LeapRate.com, June 6, 2011.
  21. ↑ Michael Greenberg, “eForex transfers clients to AvaFX,” Forex Magnates, March 22, 2011.
  22. ↑ “AvaTrade Acquires Customer Book of Australian Broker,” Business Wire, July 30, 2014.
  23. ↑ AvaTrade Company Information, Investing.com. Accessed November 11, 2014.
  24. ↑ “Best Forex Brokers 2014,” FX Empire. Accessed November 11, 2014.

External links