About Avatrade Brokers:
Avatrade is an online trading platform that is facilitating international trade. It allows its users to trade by exchanging currencies. Avatrade also offers non-financial products for its users. It provides technical training to its professionals. All its products are free and there is no charge for the maintenance of the site. It keeps improving its service so as to take the users along. Avatrade minimum deposit is only 100 dollars and you can start earning your commission regularly.
First Platform that Created Asset Management Plan:
Avatrade allows online traders to trade with the USD, EUR, GBP, USD, and MEO currencies in multi-year contracts and offers an interest rate of 0.4% per annum. The company also provides a variety of currency pairs to trade with. Avatrade is also the first platform to create an asset management plan on Ethereum for various contracts offered by the exchange. In August 2014, BitFury Group acquired 100 percent of Blok.Labs with a view to taking Avatrade international by starting a bitcoin mining center in Crimea.
Key Takeaways from Avatrade Review
Avatrade review, provided by Motek Moyen Research, a web-based research and advisory company focused on cryptocurrency, provides information on Avatrade’s business model. It covers the exchange’s main features, as well as its risks and strengths, and its challenges.
The Avatrade business model is one of a kind. According to The Motek Moyen Research, “The Avatrade platform is an instant payment market, which allows anyone with an Internet connection to complete online transactions in seconds.” Unlike other exchanges, there is no registration process to become a member of Avatrade, which is limited to 24 hours.
Auto Verification Process
The company has also added an auto verification process to increase the number of customers. For a user, the approval process involves the user’s account balance, an IP address, and an email address. With the verification completed, the user can buy, sell or exchange currencies on Avatrade.
There are two types of membership: a Basic Membership and an Advanced Membership. Basic membership is free while the Advanced Membership is priced at $29 per month. Both provide the benefit of free withdrawals from the trading platform and being a member of Avatrade.
Low Transaction Fee:
Another advantage of Avatrade is its low transaction fee. In exchange, the transaction fee is set by the company and may vary. As such, there are times when the transaction fee is the greatest in spite of being the cheapest. The transaction fee for the USD/EUR trading pair on Avatrade is $0.0003. The fee in comparison to other exchanges is insignificant.
Avatrade review reveals that the biggest strength of the Avatrade platform is its transparency. If a user wants to buy or sell currency, there are no hidden fees and commissions. Since Avatrade is free of charge, the company has been in a continuous process to increase the customer base. Besides offering a product, the company also caters to the market on social media. This has been working well with the frequent updating and tweeting of the company’s actions.