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AvaTrade review Over 1,250 assets waiting for you right now

Written by on 11 December 2020

avatrade reviews

When you buy cryptocurrencies on AvaTrade, you can use leverage to increase the potential for higher returns. The most crucial factor to consider when looking for a broker is whether its regulated or not. For instance, if you want to trade Bitcoin on AvaTrade, you only need to search for it on the website, and it will appear with the option to buy. Up to this point, you have a good idea of what you can trade on AvaTrade.

MetaTrader 4 & MetaTrader 5

They also provide for trading in 40 forex options through their dedicated AvaOptions trading platform. In my opinion, AvaTrade are one of the best brokers for trading online. I use them myself and have always been happy with everything from funding my account, customer support to an enjoyable trading experience with any hassle. The service, combined with a deep understanding of the financial markets, allow traders to enter the markets with confidence. AvaTrade offers a selection of auto-trading software via some of the best social trading platforms that enable you to copy the trades of experienced forex traders. Automated trading platforms can mirror or copy the trades of others directly into your own trading platform / account.

The Client support was great

Here you will find trading academies for Beginners, Intermediate and Advanced traders plus a Trader’s Gateway including a TV channel and in-depth technical analysis and fundamental analysis content. AvaTradeGo is not a “true” trading platform in the sense trades are not executed by the platform itself. Rather, AvaTradeGo is a mobile app that allows you to manage your MetaTrader 4 trading account with the ability to trade using the MetaTrader underlying platform.

Non-Trading Fees

  1. This will help you not only make profits in an easier manner but also understand the market in greater detail.
  2. AvaTrade accepts payments via bank wire, credit/debit card, and e-wallets.
  3. If you are a client from outside the UK and Europe, then you will have the “Standard” account.
  4. Islamic accounts that comply with Sharia law are available upon request.

The AvaOptions functionality that we describe above in the trading platform section is also available as a standalone app for Android and iOS devices, with all of the functionality. In addition, just like in WebTrader, you can benefit from the safeguard of AvaProtect. As we looked at in depth in the Social Trading Review section above, AvaTrade offers social and copy trading via third-party providers; MQL5, ZuluTrade and DupliTrade. They are authorised and regulated by six different global regulatory bodies, which means AvaTrade provides a safe and secure trading environment for their 300,000 registered clients.

AvaTrade Retail Account

With its platform’s intuitive design, executing trades is effortless. One of its key strengths is its competitive spreads, offering traders cost-effective solutions in the highly competitive marketplace. AvaTrade’s 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.

If you keep your position open for 10 or more days, then you will lose Islamic privileges. AvaTrade is an internationally regulated forex and CFD broker that offers commissions free trading. In addition to 55 Forex Pairs, our AvaTrade review found a typical EURUSD spread is 0.9 and they offer 42 forex options and good risk management. Based on my findings regarding AvaTrade’s spreads, commissions, and swaps, I estimated that its trading fees are indeed competitive. The broker’s pricing mechanism is suitable for high-frequency trading when trading instruments from certain asset classes (most FX pairs and share CFDs, some commodities, etc). I assessed that AvaTrade offers competitive spreads and commissions.

AvaTrade caters to the needs of diverse client groups due to the options it provides in terms of its trading platforms/software and tradable asset classes. AvaTrade has been facilitating online trading since 2006 and has offices all over the world. But as with any brokerage (especially when dealing with forex!), you need to ensure your trades and investments are safe, fees and commissions are reasonable, and customer service is on point. AvaTrade offer a range of convenient and user-friendly deposit and withdrawal options, including bank transfer, credit/debit cards and online payment processors. Providing e-Wallet funding options allows for faster transfers to and from trading accounts. The reason is, AvaTrade offers cryptocurrency trading which is 24/7.

The firm also charges inactivity fees of $50 for 3 consecutive months of non-use. The inactivity fee will be deducted from the customer’s trading account. AvaTrade charges an administration fee of $100 after 12 consecutive months of non-use. For forex trading, Avatrade doesn’t charge any commission on any trade but is compensated through the bid-ask spread. If the spread is 3 pips on 1,000 units of a currency pair, then the compensation to the brokerage amounts to $0.30. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

On the downside, Avatrade, despite providing cryptocurrency trading, does not accept or provide funds in cryptocurrencies. This could be a disadvantage for traders, who quite frequently use cryptocurrencies as a means of payment. I think the educational content is great and would certainly help if you are new to trading. If you already have plenty of experience then you will probably know most of the topics covered.

avatrade reviews

To make the best decision for yourself, it is very important to try and understand your interests as well as your goals for trading. Once you decide which account you want to open, simply click the orange “Register Now” button on the left side of the broker’s home page. As an international Forex broker, AvaTrade ensures that it is able to meet the needs of every single trader around the world. According to the Sharia law of the Quran, those following the beliefs of Islam are restricted from paying or receiving any type of interest. To help you decide which account is better for you, we have reviewed each available option one by one below. Whenever I have any questions, I will send a text to him and he is very prompt with his response.

73% 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. The webinars avatrade review and market analysis reports are top-notch and have helped me make more informed trading decisions. The educational content is detailed and very accessible, making it a great resource for traders at all levels.

No withdrawal or closure fees are listed in the marketing materials, but the legal documents noted fees for bank transfers and credit card transactions. It’s not subject to ESMA-mandated client account protection and leverage restrictions. AvaTrade is a privately held online forex and CFD (contract for difference) broker.

Several regulatory bodies, including the Central Bank of Ireland, ASIC in Australia, FSA in Japan, and the FSCA in South Africa, regulate AvaTrade. With its user-friendly interface, extensive educational resources, and competitive trading conditions, AvaTrade has gained popularity among traders worldwide. With AvaTrade’s compatibility, traders can access a vast library of custom indicators, trading robots, and a wide range of technical analysis tools to help them make informed decisions. Regarding the number of tradable instruments, this account gives traders access to more than 1250m assets ranging from stocks, forex, and commodities. Introduced in Jan 2020, AvaProtect is an opt-in feature that allows you to buy guaranteed protection for a pre-determined timeframe. Should this trade prove to be a losing one during this defined period, you will be reimbursed in liquid cash for any of these trades losing trades.

After doing so, you will see the pop-up window where you will provide the email and password you want to use for your account. This will transfer you to a new page as shown below, where you will provide detailed information about yourself. The first step that you will have to take is to understand which account you want to create.

avatrade reviews

AvaTrade provides a rich array of educational content from its in-house staff and its AvaAcademy, as well as from third-party providers such as Trading Central. AvaTrade earned Best in Class honors for our Education category in our 2024 Annual Awards. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Excellent bonuses, high leverage, immediate execution, tight spreads, 24/5 support and no commissions.

You can connect to global markets with live feeds and social trends to discover new trading opportunities on this intuitive mobile trading app. AvaTrade presents a versatile range of trading platforms, ensuring that traders of varied expertise and strategic approaches can navigate the markets with ease and precision. With access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), traders can leverage advanced charting tools, automated trading via algorithms, and copy trading features. Yes, the AvaTradeGo mobile app is reliable and offers access to all the investing tools and account management features needed to trade on the go.

The AvaTrade web trader’s dashboard welcomes traders with a shortcut menu on the left-hand side, offering tabs like trading, position management, open orders, and order history. Traders can execute, and manage FX and options trades on-the-go with 13 different options strategies available. Traders who want additional time on top of the standard 21-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.

But it still offers a broad variety of platforms to cater to manual and automated traders. The in-house offering from AvaTrade is not overly impressive, we would say above average, but a little disappointing given the overall stature of AvaTrade. It is not that the quality is not decent, as the daily market commentaries on their You Tube channel are excellent and there are sometimes https://forexbroker-listing.com/ 2-3 each day. However, we believe that here is not an adequate amount of in-house research to make AvaTrade truly stand out. The MetaTrader platforms, MT4 and MT5 are used by traders all over the world with full compatibility across Windows, Mac OS X, Android and iOS. As is the norm in the industry, AvaTrade provides access to both of these to their users, free of charge.