Why Trade Bitcoin with AvaTrade. Uncompromised Safety – We fall under the authorisation of 7 regulatory bodies, and segregate our client accounts, meaning we comply with the highest level of . BTC USD trading is a cryptocurrency CFD because of the presence of Bitcoin as the base currency. Cryptocurrencies are known for their immense volatility, while the US dollar is by far the most traded . BTC/USD refers to the pairing of the leading cryptocurrency Bitcoin with the U.S. dollar. It’s a very new currency pair, and one that has generated much excitement over the past decade. If you aren’t familiar with BTC/USD .
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The maximum leverage when trading with AvaTrade is This maximum leverage is available on numerous forex pairs. However, different CFD assets have specific margin requirements. Traders who fall below the AvaTrade margin requirements risk receiving a margin call and having their position closed prematurely. Saturdays and Sundays. If deposits do not arrive in traders accounts, they can also contact the support team.
Traders can make deposits and withdrawals by Visa, Pay. In order to withdraw funds, traders need to fill out a withdrawal form through MyAva. Traders must verify their account to be eligible for withdrawals. For compliance purposes, AvaTrade must transfer your funds back to the original source you used to fund your account.
This account needs to be in the same name as the account maintained with AvaTrade. AvaTrade typically processes withdrawals within 1 to 2 business days after they are approved. However, the broker notes that processing and receiving your funds may take up to 10 business days.
AvaTrade notifies customers via email about any problems regarding withdrawal requests. AvaTrade will not approve withdrawal requests until all requirements are met. AvaTrade does not charge commissions, but receives compensation through the bid-ask spread Pip charged during each trade.
Traders can calculate the Pip charges using the following formulas for each asset class:. AvaTrade offers two live trading account s retail and professional and a demo account.
The firm also offers Islamic accounts. AvaTrade offers a day demo account. Users get a total of , demo currency credits to test the platform with. Both live and demo accounts have live price feeds. Traders who want additional time on top of the standard day demo account can contact your account manager for an extension.
Another option is to create another demo account after your initial one has expired. Traders need to fill in some personal details to verify themselves, along with details on trading knowledge, experience, the preferred platform, and currency. Live chat is also available to assist with upgrades. The next AvaTrade screen asks you for basic information such as your estimated annual income, savings, expected annual investment of funds and source of account funding.
To pass the AvaTrade identity verification, you will need to upload both an ID and proof of residence. However, traders can make deposits prior to being verified by AvaTrade. AvaTrade offers two types of accounts. Retail accounts, and professional trading accounts. Professional traders have the benefit of pre-ESMA leverages, including on forex pairs and on selected cryptocurrency assets.
In order to qualify for a professional account, traders have to meet an eligibility criteria. The criteria involves:. The mobile app is feature-rich. Traders are not asked to compromise any of the desktop and web trader features, receiving:.
The trade execution screen seems busy at first, although is well-designed and straightforward to navigate. The top of the screen presents a choice to buy or sell, followed by a slot to define the exact amount.
At the bottom of the trade execution screen, users can access a small chart of their selected products. The mobile sign-up process is relatively quick. Users can choose between a practice account or a real account. As per the web trader registration, traders are asked to fill in a set of personal and experience-related details.
Demo account traders are not required to complete the verification process. Traders can upgrade to a real trading account directly from the mobile app, either from the homepage dashboard, or the account settings section. Traders can execute, and manage FX and option trades on-the-go with 13 different options strategies available.
AvaTrade offers traders access to several third-party trading platforms including:. The hamburger menu allows access account settings, personal preferences, and various trading tools like the trading calculator.
Given that the page is split into asset browsing and charting , it has a simple and uncluttered design. By key features, we mean those features with which a trader must interact with while executing a trade. The charting tab is located under the trading dashboard.
There are four main features of the charting functionality :. There are two types of educational resources offered by AvaTrade.
The main resource library is the Education tab on the AvaTrade website. AvaTrade has an extensive customer support center with phone support numbers in 38 countries.
AvaTrade also offers live chat and email support. All support avenues are available hours-a-day, 5 days-a-week. Credit and debit card payments are not available for Canadian residents, and Skrill, Neteller, and WebMoney are not available for UK and Australian residents.
Bitcoin Cash was created as a result of counteracting a prolonged Bitcoin scalability problem. It works by switching from the main Bitcoin blockchain to a new version, the software now has capacity for a larger number of transactions by eight megabytes to be exact.
AvaTrade is an industry-leading broker with some of the best crypto trading conditions available, including the lowest crypto spreads on the market. But Bitcoin Cash got off to a slow start in the beginning. If it was not for the Bitcoin Cash mining algorithm breathing life in to the new instrument, it would not seem as attractive to profit-seeking computer miners.
You can use your preferred trading strategies regardless of which way the currency is moving. When trading with AvaTrade you are trading on the price changes of the digital coin, and not physically purchasing it.
You can trade Bitcoin Cash at many different cryptocurrency exchanges online, but that can be confusing and dangerous. Online cryptocurrency exchanges are susceptible to hackers looking to steal coins, and are also unregulated, offering no protections to traders. By contrast AvaTrade is fully regulated, and since we offer CFDs on Bitcoin Cash there is no chance of ever losing your coins to hackers because there are no actual Bitcoin Cash coins involved in your trading at AvaTrade.
Instead we offer trading on cryptocurrency CFDs, which is far safer. Cryptocurrencies are known to be extremely volatile at times, with double digit percentage changes not an unusual occurrence. Bitcoin Cash is no different in this respect. There is also a tendency for traders to group into and out of certain tokens in the cryptocurrency markets. This means that at times Bitcoin Cash has been the best cryptocurrency for trading, however that is the exception more than the rule.
In general Bitcoin Cash is good for cryptocurrency traders but not any better than the majority of major cryptocurrencies.