Customers of the Irish broker AVA Trade EU Ltd. can trade both with the popular MetaTrader 4 and its own platform called AvaTrdeAct. It is available as desktop and web-based versions. AvaTrade offers a demo account with a balance of USD100,000 that expires in 21 days.
The desktop version has more features but it is more sophisticated to work with. There are several functional windows in the workspace that can be moved, resized and removed, according to the user’s preferences. The modern theme is initially loaded. It can be changed to the classic view, requiring restart the application.
The main menus are at the top of the platform. When clicking on any of them, the submenus appear as icons below it. Activating the FX Voyager toolbar enables appearance of several tabs below main menu. Otherwise, all options can be activated from the main menu bar.
Main dashboard shows all active windows. Chart tab shows six predefined chart windows that can be rearranged. Instruments tab shows All added instruments, dealing rates and risk exposure by positions and instruments. Each of the next tabs opens a new window linking to the corresponding section of the company’s website (fundamental analysis, technical analysis and tutorials).
Besides all other features, the most important component of the platform are charts. Multi-chart mode is active by default. Every chart window can be maximized or resized. The chart option bar is at the top of the window. There are menus for changing the instrument, the time frame (from tick to 1 month), the zoom, the chart type (candlestick, bar, line) and the general chart settings (colors, showing the spread etc.). Vertical auto scale, crosshair and price alerts can be activated.
A lot of indicators can be added, sorted by type. Some of most used can be placed in the favorites tab. Right click on the chart opens a trade menu. It provides placing of market and pending orders, indicators setup or save current chart as a picture or template.
The platform offers development and saving custom strategies and so-called algorithmic trading using ActiveTrades own scripting language ActFX. There is an option to convert expert advisors written in MQL4.
The platform is recommended for more experienced traders as it requires more time and effort.
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