Customers of the Irish broker AVA Trade EU Ltd. can trade both with the popular MetaTrader 4 and its own platform called AvaTradeAct. It is available as desktop and web-based versions. The desktop version has more features but is more sophisticated to work with. AvaTrade offers a demo account with a balance of USD100,000 that expires in 21 days.
The web version does not require installation and can be run on any computer with an Internet connection. The workspace looks simplified, there is only one active tab in the main window containing the rates of the instruments. Clicking on the chosen instrument opens the chart tab and the order window. Charts are taken from TradingView and have the same functionalities as these in the OANDA’s web platform for example. The background is white by default but customers can change it according their preferences. The chart properties menu bar is located at the upper side of the chart window. There are buttons for change the time-frames (from 1 minute to 1 month), the type of the chart (candles, bars, lines), visual styles, undo and redo of last actions and adding indicators. Customers who use the technical analysis for predicting the trend can place nearly 60 indicators, sorted alphabetically. They can choose between bid and ask prices of the chart, or can maximize the chart window. The graphic objects bar is on the left of the chart window.
Next to the charts is the order window. Here traders can open market orders, specify the range of allowed slippage or set the parameters of pending orders. There is a button for closing all positions of the same instrument.
The trades window is located at the bottom of the platform. Here the position can be closed, hedged or modified and the past trading activity be viewed. It can be hidden freeing up more space for charts.
The account information bar is at the top of the platform. There is information about Login ID, Balance, Equity, Margin and Net profit/loss. The general settings button is at the bar’s end.