With over 300,000 registered customers globally, AvaTrade executes more than two million trades a month, totaling a trading volume that overpasses $70 billion per month. It is indeed one of the largest forex and CFD brokers. But you need to confirm if they open trading accounts in Somalia, and the answer is yes, AvaTrade accepts clients who live in Somalia. Let me give you some details about this popular Irish Broker.
AVATRADE FOR SOMALI TRADERS: TOP FOREX TRADING PLATFORM
When compared to other CFD Brokers, AvaTrade stands out due to their ultra-low spreads and powerful trading platforms.
¿Concerned about who's regulating them? With licenses in the EU, BVI, Australia, Japan, South Africa, and UAE, Avatrade is by far one of the most heavily regulated Brokers available in the market. Offering a wide range of CFDs on Shares, Forex, Indices, Commodities, Crypto, and even Bonds, it is one of the most complete Brokers in terms of instrument offering. Its platform offers is remarkable, giving Traders the chance to operate on several Trading environments, MT4, MT5, and their internally developed ones, AvaTradeGo and AvaOptions.
This last one, AvaOptions deserves a special remark. If you have passed the beginner's line in terms of trading knowledge, you are probably using options to hedge your strategy. Well, AvaOptions is one of the best Options Trading platform available. It is truly remarkable, offering great risk management features that are easily viewable and automatic, making Options trading as accessible as it can get.
Opening a Trading Account with Avatrade from Somalia is very easy, you just need to upload a valid ID (Passport or Warqadda Aqoonsiga) and a Utility bill through their App and in a few days, you are ready to go. Go ahead and check out this broker, you won't regret it.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.