Beginner technical traders will find value in AvaTrade’s comprehensive educational resources, particularly on technical analysis and its advanced copy trading features. The broker’s commitment to ensuring that support isn’t confined to standard hours is noteworthy. This extends an additional layer of assurance to traders navigating the markets beyond customary timeframes. Moreover, its website’s rich and detailed FAQ section fortifies traders with the self-help option. Here, standard queries and issues related to various aspects of trading and account management are addressed. Traders in the UK, Europe and UAE) who work in the finance industry, manage a financial portfolio or make regular trades of significant size can apply for a professional account.
AvaTrade holds regulatory licenses in multiple financial hubs across the globe. While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval. Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker. The withdrawal time can also vary depending on your chosen withdrawal method. One of the most ignored trading costs is swap rates on leveraged overnight positions.
Are AvaTrade’s Fees Competitive?
Our researchers and editors verified the responses and supplemented the data with additional online research and direct communication with each broker. This research was conducted between May 13 and July 30, 2024, ensuring that our evaluations reflect current information. AvaTrade’s research and information tools are nicely integrated within each platform across its range of offerings. These integrations include signal information, social trading, and copy trading, as well as news and information services. AvaTrade’s platforms are all designed with both novice and advanced traders in mind. The interface for the web-based and mobile platforms is the same, making the experience consistent no matter where a trader is when deciding to place an order.
AvaTrade offers Standard and Professional accounts, depending on your trading experience and regulatory jurisdiction. AvaTrade offers an exceptional range of educational resources to help you develop your trading skills, regardless of what level of trader you may be. AvaTrade allows vanilla options trading for 42 currency pairs plus gold and silver via their AvaOptions platform.
AvaTrade will display the fee, which it deducts from your account balance when you execute your trade, and traders agree to it by taking the position. No, AvaTrade is not CFTC/NFA regulated and does not serve U.S. clients. I’m new to online trading and have found AvaTrade a great place to start.
All reviews
AvaTrade is a leading forex trading platform established in 2006, renowned for its extensive experience, advanced trading software, and robust security measures. Traders get to enjoy a local flavour with customised support options, a preferred selection of financial instruments, and tailored offerings for the rainbow nation. One of the key areas where AvaTrade shines brightest is licensing and regulation. As one of the premier brokers with welcome bonus, AvaTrade maintains the highest regulatory standards among global authorities.
AvaTrade is a privately held, Dublin-based online forex and CFD broker. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. Yes, AvaTrade is considered a safe and legitimate broker, adhering to strict regulatory standards and providing a secure trading environment. Even though AvaTrade is not without flaws, it can be considered as one of the best in the market today and is, therefore, worth a try.
They represent a combination of senior market experts’ opinions and algorithmic signals. The broker does not charge a handling fee for deposits or withdrawals. However, depending on the chosen payment method, third-party banking fees may apply. My findings indicate that AvaTrade’s low swaps accommodate the execution of day trading and position trading strategies, which require multiple days to complete. In our reviews, we examine the licenses and regulations of each entity operated by a broker.
AvaTrade alternative brokers & comparison
The popular MetaTrader 4 (MT4) is available and still a leader when it comes to platforms for trading forex despite its age. For starters, the broker is a market maker but allows automation, social trading and scalping. The other feature of note is availability of options trading, they even have an app just for this type trading. Lastly, we found the broker to have a decent range of market research and education resources. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.
Review AvaTrade’s supported trading markets, asset classes, and instruments to expand your trading portfolio. Notably, AvaTrade runs regular account bonus programs to attract potential aspiring traders like you. Follow the points above for a detailed AvaTrade broker review for 2024.
Research and Educational Materials
This means the brokerage takes its cut from bid-ask spreads, which are typically wider than ECN brokers. It also means AvaTrade can provide liquidity and help traders get orders filled promptly. You can reach the multilingual team 24/5 via multiple channels, including live chat, email, and WhatsApp. I’m glad to find local telephone numbers, ensuring customer service agents can respond to country-specific questions.
- They may request verification documentation as they are dedicated to providing a reliable service and safe trading environment that is within all regulations.
- One of the impressive features of AvaTrade is its truly global reach, which is something that will appeal to traders all around the world.
- AvaTrade also offer full money management features to let you trade multiple accounts with one ticket.
- Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus.
We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks.
Inactivity Fee
Would recommend them to other active traders based on me own experience. Yes, AvaTrade is a good broker for beginners based on my assessment. The starting deposit is low, there is a free demo account, comprehensive educational materials, and copy trading solutions. I also found the web platform easy to learn with a user-friendly interface. For experienced traders, there’s a good range of sophisticated third-party platforms, including MetaTrader 5, plus a large suite of assets and research tools.
In its place, the spread is widened by 1 pip for forex pairs when you open avatrade broker your position. If you keep your position open for 10 or more days, then you will lose Islamic privileges. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
- These integrations include signal information, social trading, and copy trading, as well as news and information services.
- However, AvaTrade’s impressive offerings should be viewed in tandem with personal research.
- With this in mind, the broker recommends onboarding customers to deposit at least €1,000 for effective trading.
- The minimum deposit is $100 with traders being encouraged to deposit more than $500 to get access to a technical analysis tool known as AutoChartist.
An auto liquidation fee for futures of $10 per position also applies. 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. You can also access helpful services such as Market Trends which provides useful data based on other users’ trading behaviours and sentiment. AvaTrade’s fee structure is competitive, with spreads varying based on the account type and market conditions.