DEGIRO
ependites.gr
Degiro Review & Opinion
What is DEGIRO?
AvaTrade was created in 2006 (which counts as “centuries” in internet times ) and was one of the first platforms that offered the opportunity to retail traders (like you) to do Forex Trading. Since then, little by little, it has built its reputation and managed to offer its services on 6 continents of the world. It currently serves more than 300,000 registered clients on its platform who make more than 3,000,000 trades every month. The platform is available on a computer , tablet and mobile phone and is translated into 20 languages, including Greek . Through it you can trade more than 1000 CFDs of various investment products from stocks , ETFs and indices to Forex , commodities and cryptocurrencies . Also, through AvaOptions you can do Options Trading. AvaTrade gives you the option to choose between several trading platforms and choose the environment in which you will trade. These are:
- WebTrader , AvaTrade’s own platform
- MetaTrader 4
- MetaTrader 5
- AvaOptions , AvaTrade’s platform for CFD options Trading
Finally, AvaTrade is considered extremely safe as it has managed to become one of the most regulated CFD platforms on the Internet, with more than 9 operating licenses from high-ranking regulatory authorities. Also, as an additional safety precaution, it chooses to keep its clients’ funds in separate bank accounts separate from those of the company.
Products
AvaTrade offers exclusive CFDs products to its users.
The available CFD categories that you can trade with are:
- Stock CFDs
- ETF CFDs
- Indices CFDs
- Commodity CFDs
- Gold CFDs
- Bond CFDs
- Forex
You can also use leverage on all your trades, which reaches 1:30 . Let’s look at the investment vehicles in more detail:
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Trading Stock CFDs
AvaTrade gives you access to CFD Trading of the world’s most popular stocks with leverage of up to 5:1 and extremely low Spreads .
Here you will find CFDs for the most well-known listed companies on the NYSE, the US Tech 100 and the FTSE which you can trade without having to buy the actual stock.
You will currently find more than 630 stock CFDs on the platform.
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Forex Trading
Finally, AvaTrade gives you access to CFD Trading on Japanese and European Government Bonds with leverage up to 5:1.
Charges & Commissions
Overall, AvaTrade’s fees are very attractive .
There are no withdrawal or deposit fees, and you will not be charged any commission on the trading you do.
AvaTrade, like most Trading platforms, includes their commission within the Spread.
Finally, there is an inactivity fee that is priced at $50 per quarter. This means that if you do not make any movement on your account for 3 consecutive months, you will be charged this “fine”.
Deposit
AvaTrade offers free deposits to its platform. You can deposit money to AvaTrade via Bank Transfer, Debit/Credit Card, Paypal or an e-Wallet. While AvaTrade will not charge you anything for the deposit, the same is not true for your bank. For example, Greek banks charge extra for sending remittances abroad.
What is the minimum Deposit?
The minimum deposit amount that AvaTrade allows you to make is €100 .
How long does the Deposit take?
It depends on the way you choose to deposit your money. Deposits via bank cards are almost instant while deposits via bank transfer take a few days .
Withdrawal
AvaTrade offers free withdrawals from its platform. You can withdraw to your bank account via wire transfer, debit or credit card, Paypal or an e-Wallet (such as Skill, Payoneer, Neteller).
How long does it take to withdraw money?
AvaTrade will process your withdrawal request within 24-48 hours (business days) and make the shipment.
From there, it will take an additional period of time for the bank or service you use to receive your money and add it to your balance.
Overall, you will see the money in your wallet within 2 to 5 business days from the moment you press the withdrawal button.
Platform
You can use the stock exchange through its web application or through its mobile app.
Safety & Regulation
The Avatrade platform has been operating since 2006 and is considered extremely secure as it is regulated globally by highly reputable regulators. The longer a platform has been in operation, the more evidence we have that it will continue to do so in the future.
Regulation
Specifically, AvaTrade operates practically all over the world through various subsidiary companies which have obtained the following licenses:
- From the Central Bank of Ireland ( CBI ) with license number No. C53877
- From the Financial Services Commission ( BVI ) with license number No. SIBA/L/13/1049
- From the Australian Securities & Investment Commission ( ASIC ) with license number No. 406684
- From the South African Financial Sector Conduct Authority ( FSCA ) with license number No. 45984
- From the Financial Futures Association of Japan ( FFAJ ) with license number No. 1574
- From Abu Dhabi Global Markets ( ADGM ) with license number No. 190018
- From the Cyprus Securities and Exchange Commission ( CySEC ) with license number No. 347/17
- From the Israel Securities Authority ( ISA ) with license number No. 514666577
In order to obtain the above licenses, a broker must comply with various rules and criteria set by the regulatory authorities of each country. A regulatory authority oversees the operation of the platform, protects investors and ensures that the environment is safe for them. If it notices that something is going wrong, it takes appropriate measures and intervenes. AvaTrade maintains offices in 11 countries around the world, which are located at the following addresses:
Its rating on Trust Pilot , currently, is 4.8/5 with 2,199 reviews.
AvaTrade does not hold a banking license nor is it listed on a stock exchange.
In conclusion, we see that it scores quite high in terms of security. The two main factors are its continuous operation since 2006 and the fact that it is regulated by many renowned regulators from all over the world.
Is AvaTrade a scam?
In short, no, Avatrade is not a scam. We have seen that it is controlled by 8 internationally renowned auditing mechanisms across the globe.
Communication
You can follow AvaTrade on most Social Media as it maintains active accounts on Facebook , Twitter and YouTube . It also maintains its own Blog where you will find analysis, information and educational material. Finally, you can contact AvaTrade customer service in 4 ways:
- Via email by filling out a form on their website
- By phone by calling +(30) 211 1984889 for Greece
- Via WhatsApp on +44 7520644093 or by clicking here
- Via Live Chat from their page
Overall, AvaTrade scores highly in Customer Support. It makes a great effort in terms of the variety of available communication options it offers to its customers while also maintaining an active presence on most Social Media.
Our opinion
EpenditesFAQ
Is AvaTrade a scam?
No , AvaTrade is not a fraud or scam. The company is regulated by 9 regulatory bodies from around the world.
Can I open an account from Greece?
Yes! You can use the Avatrade platform if you are a Greek citizen and reside in Greece.
Can I open an account from Cyprus?
Yes! Avatrade is also available to Cypriot citizens.
What is the minimum deposit at AvaTrade?
The minimum capital deposit you can make at AvaTrade is €100 .
How do I withdraw money on AvaTrade?
You can withdraw money from your AvaTrade account via bank transfer to your bank account, card, or an e-wallet like PayPal.
Specification: DEGIRO
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Mehedi Hasan Shibly –
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