With the popularity of cryptocurrency skyrocketing to the moon, it’s no surprise that more traditional brokers are jumping into offering crypto-trading on their established platforms, trading some of the more popular cryptocurrencies like Bitcoin, Litecoin, and Ethereum.
AvaTrade has been at the forefront of cryptocurrencies, promising to support Bitcoin back in 2013 alongside their online forex and CFDs. The company was founded in Dublin, Ireland way back in 2006 and the company now serves over 200,000 accounts across the globe with $60 billion in market value. But is the company right for you? AvaTrade is regulated heavily and holds licenses in the European Union, British Virgin Islands, Australia, South Africa, and Japan.
AvaTrade offers its customers 24/5 support with a knowledgeable team spread out over 34 countries globally. After you sign up for a live trading account, you can download AvaTrader or MetaTrader 4 and start trading bitcoin right away. They’re also intent on staying competitive in the online brokerage market, as AvaTrade offers great deposit bonuses and promotions for those who sign up and deposit to start trading right away.
Perhaps the best part of AvaTrader is that you don’t need to be an expert at trading in order to use any aspect of their platform. The company has created a suite of automated trading platforms that are available to newbies to help them tweak their trading profitability using known and supported tools.
These automated tools allow newbies to copy trades made by more experienced traders on the platform and provide a wizard that will guide you through trades you’d like to make if you’re unfamiliar with the financial world. AvaTrader’s software is available for Windows, Mac, and Android and iOS, but you can also make trades using the AvaTrader website without having to install any software at all.
AvaTrader also understands that bitcoin isn’t the only interesting cryptocurrency on the market right now. That’s why the platform supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, Neo, Ripple, and Dash. That’s the complete list of supported cryptocurrencies at the moment, but any that emerge to be popular trading avenues will be added as quickly as support for the platform is possible.
In order to open an account, you’ll need at least $250 if you’re using a credit card to fund your account or $500 if you’re relying on a wire transfer between your bank. It’s also worth noting that AvaTrader offers swap free accounts for Muslim traders who trade according to Sharia principles.