All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. Additionally, the comparative analysis of users’ trading behaviors offers a unique mirror, allowing traders to gauge and refine their strategies in line with prevailing practices. Whether a novice seeking guidance or a veteran pursuing depth, AvaTrade’s arsenal of tools serves as a beacon in the often tumultuous financial seas.
AvaTrade offers access to more than 44 forex pairs, making it easy to diversify your portfolio and find the perfect trading opportunities for you. Finally, the broker is regulated by the Financial Services Agency in Japan, which monitors its operations in that country. That’s why finding a reliable platform for trading stocks, forex, and cryptocurrency is essential.
One unique feature we particularly like about AvaTrade’s MT4 spread betting offering is Guardian Angel, which provides feedback on your trading performance. AvaTrade only offers a fixed spread account for retail traders, which means trading costs are included in the spread. As a result, spreads will be wider than ECN pricing, and standard accounts with floating spreads however offer greater spread stability. Our full review found that AvaTrade to be one of the best for low-fee trading of stocks, crypto, and forex.
AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold. AvaTrade stands out for several reasons, but it is renowned for the number of trading platform options it has. In addition, its selection of tradeable markets almost doubled over the years, and with other amazing features. If a user does not trade with their account for three consecutive months, they’ll pay an inactivity or administrative fee for maintaining that account. The fees are $50/€50/£50 for 3 months of inactivity and $100/€100/£100 for 12 straight months of no trading. To make their platform all-inclusive for all investors regardless of religion, AvaTrade ensured every one of their four unique accounts has an Islamic variat.
- The list of forex, CFD, and options trading instruments is on par with industry standards, with the addition of cryptocurrencies providing opportunities for high-risk speculators.
- The reason there are different account AvaTrade needs to comply with ESMA MiFID requirements for its European clients and FSRA requirements set by the Abu Dhabi Global Market for UAE clients.
- AvaTrade is regulated by authorities from Europe, Asia, Australia, South Africa, the Middle East and Israel.
- AvaTrade accounts can be in euros, US and Australian dollars, or British pound sterling; this will depend on where you are located.
Its commitment to education, diverse range of tradable assets, competitive spreads, and reliable trading platforms make it an excellent choice for both beginner and experienced traders. With a strong reputation, regulated status, and top-notch customer support, AvaTrade is a compelling option for those seeking a reputable online trading partner. However, AvaTrade doesn’t let you integrate with TradingView or cTrader, which is a slight disappointment for us. TradingView offers the best user interface and impressive charts or analytical tools. You also can’t use AvaTradeGO or MT5 for spread betting, which limits the range of markets (like shares) and features you can use (like AvaProtect).
excellent customer service
In total, the broker provides access to more than 250 financial instruments across a broad range of different asset classes. Unlike the retail account, the professional account holder can trade their preferred financial asset with higher leverages https://forex-review.net/ and lower spreads. On the downside, trading with very high leverage could amplify the trader’s loss if it is unsuccessful. To be eligible for this type of account, an applicant needs to carry out an average of 40 transactions in 12 months.
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. For this reason, you will find spreads are wider than STP or ECN style, with no dealing desk style brokers which have tighter spreads but added commission costs. To open a trading account, 100 base units (100 USD approx) will be needed. It also has a copy trader feature that allows beginner traders to copy the trades of experienced traders. In addition, AvaTrade offers high-leverage options so you can trade confidently and with larger positions.
Their standard account provides a balanced array of features, while their Pro account, fashioned for the more adept traders, offers tighter spreads and a more comprehensive range of instruments. EToro is one of the largest investment platforms in the world, I am sure you’ve seen some of their online ads around. This online broker allows users to invest in both real ETFs and Stocks, but also in CFD of commodities, Forex, stocks and so on.
Who Uses AvaTrade?
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.
The Sharp Trader
Its range of tradeable markets has nearly doubled year-over-year, and spreads for clients designated as Professional traders in the EU are quite competitive. This is essentially a practice account https://forex-review.net/avatrade-review/ to help beginner traders improve their trading experience in a risk-free environment. The user gets $100,000 of virtual money to hone their trading strategy for a period of 3 weeks.
AvaTrade Trading Platforms
The firm provides a demo account, which allows traders to get a feel of the markets and try out various strategies using virtual money. 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’s reliability and security are underscored by the use of top-notch trading platforms. With MetaTrader 4, ZuluTrade, AvaTradeGO, and AvaOptions, the broker ensures a seamless trading experience, minimizing the risk of platform glitches.
Can I trust Avatrade?
Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Investors who seek a wide variety of forex, CFD, and cryptocurrency offerings may find what they’re looking for with Avatrade. At Upskillwise.com, our dedicated team, led by Catherine and Josep, employs a detailed and transparent review process, emphasizing real-world testing and in-depth research.
Deposits
That said, I’d prefer having two-step authentication – like DEGIRO or eToro offer. With that process, AvaTrade would ask you to confirm your identity with a verification code sent to your mobile, as is done by many banking apps. It doesn’t have its own system to provide news alerts that are relevant to users’ investments.
The bulk of customer support at AvaTrade consists of its FAQ section and its chatbot. E-mail and phone support are equally available, and the multi-lingual customer support team stands by during market hours. AvaTrade explains its products and services well, and I think most will never require assistance. In case the need arises, AvaTrade ensures easy access to customer support. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
