General Information & Regulation
Avantgarde FX, a trading name of Pure M Global LTD, is allegedly an unregulated forex broking firm founded in 1999 and registered in Vanuatu that claims to provide institutional clients with leverage up to 1:400 and variable spreads from 0.0 pips on the industry-standard MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of three different live account types and 24/5 customer support service.
Market Instruments
Avantgarde FX advertises that it offers a wide selection of trading instruments in financial markets, including 58 forex pairs, 6 metals, 4 cryptocurrencies, 3 energy and 13 indices.
Account Types
Apart from demo accounts, there are three live trading account types offered by Avantgarde FX, namely MT5, Professional and VIP. Opening an MT5 account requires the minimum initial deposit amount of €500, while the other two account types have much higher minimum initial capital requirements of €3,000 and €50,000 respectively.
Leverage
A leverage ratio of up to 1:400 is offered by Avantgarde FX, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
Avantgarde FX claims that different account types can enjoy quite different spreads. Specifically, the spread starts from 2.5 pips on the MT5 account, 1.4 pips on the Professional account and 0.0 pips on the VIP account. All charging no commissions.
Trading Platform Available
Platforms available for trading at Avantgarde FX are MT5 Pure Terminal, MT5 Mobile, MT5 Pure Terminal, MT4 Web and Mobile. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Avantgarde FX says to work with numerous means of deposit and withdrawal choices, consisting of Bank Wire, ETANA CUSTODY, CTB Bank, Neteller, Skrill, pix, TED, Bitcoin, Litecoin, Ethereum, Ripple, Fasapay and BOLETO. The minimum initial deposit requirement is said to be €500.
The broker also charges some deposit and withdrawal fees. To be specific, SEPA free, SWIFT €20 + 1.5% for Bank Wire deposits, the minimum $/€5,000 ETANA CUSTODY deposits require $20, 3.9% for Neteller and Skrill deposits, 0.5% for BOLETO deposits, while the left deposit methods are all free.
SEPA €5, SWIFT €30 + 2% for Bank Wire withdrawals, $25 for ETANA CUSTODY withdrawals, 1% in USD, $1 in NGN for CTB Bank withdrawals, 2% for Neteller withdrawals, 1% for Skrill withdrawals, 4% for pix, TED and BOLETO withdrawals, 0.005 BTC for Bitcoin withdrawals, 5 USDT for Litecoin withdrawals, 0.02 ETH for Ethereum withdrawals, 5 XRP for Ripple withdrawals and 0.5% for Fasapay withdrawals.
Customer Support
Avantgarde FXs customer support can be reached by telephone: +44 20 36 088 986, email: support@avantgarde-fx.com, live chat or leave messages online to get in touch. Company address: POT 615/204 Rock Terrace Building, Kumul Highway, Port Vila, Vanuatu.
2023-03-23 10:59
