AvaTrade Review Is AvaTrade a trusted broker?

In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best https://forexbroker-listing.com/ Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area. There are several educational resources offered by AvaTrade.

This team can generally answer any questions you may have in a fast, professional manner. The broker website also supports a detailed FAQ section which addresses many of the most common questions you may have at any time. AvaTrade fees are generally fair, and they do a good job at trying to limit these as much as possible. You should not typically incur a deposit or withdrawal fee with the exception of if you are using a wire transfer, or exchanging an unsupported base currency. As with all CFD broker, they do charge overnight fees, though these can be waived if you open an AvaTrade Islamic trading account.

avatrade broker review

AvaTrade does not charge fees for making deposits or withdrawals. However, withdrawals must be made through the same channels that deposits are made through, which is a common practice applied by almost all retail forex or CFD brokerages. New traders can also learn forex trading in the Education tab on AvaTrade’s official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way.

Is AvaTrade safe?

Although Avatrade’s trading costs are not the lowest in the industry, traders will find them acceptable. Spreads start at 0.9 pips on the EUR/USD in exchange for a minimum deposit of only 100 USD. Avatrade provides an excellent selection of educational materials compared to other similar brokers.

avatrade broker review

It also offers the services of Trading Central, a world leader in technical and fundamental analysis. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. The minimum deposit required to open an account with AvaTrade is $100. This is the industry average and allows traders with different budget sizes to start trading.

Catering for Traders Worldwide

There are a number of ways to make this decision, including looking at the broker’s track record, regulatory status and also reputation. We are proud to say that most of the feedback we get is extremely positive. Yes, AvaTrade is a good broker that offers forex and CFD trading services. They have won several awards for their services and cater to clients from across the world. They have a strong track record and offer cost-effective trading services. Traders should note that AvaTrade does not offer any ETFs or bonds for trading purposes.

avatrade broker review

Traders can open accounts denominated in USD, EUR, GBP, and AUD. AUD is only available for Australian clients, while GBP is only available for clients from the UK. Today the firm serves over 300,000 clients who place over 2 million trades every month. AvaTrade reports trading volumes of over $70 billion per month.

AvaTrade Deposits and Withdrawals

In total, more than 200 assets are made available for trading with AvaTrade. This represents a good selection with assets to appeal to all types of trader. Added to this, if you are based in the UK or Ireland, you can also engage in spread betting through the broker. While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors.

They serve more than 200,000 active customers and execute 2 million monthly trade orders. Select one or more of these brokers to compare against AvaTrade. The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client avatrade review money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity. The following table summarizes the different investment products available to AvaTrade clients.

  • It took us about 5 minutes to open an account at AvaTrade, and once our documentation had been submitted, our accounts were ready for trading immediately.
  • AvaTrade offers several free options for deposit and withdrawal.
  • Hereby, AvaTrade offers you MetaTrader 4 , MetaTrader 5 , AvaOption and AvaTradeGO .
  • They are a member of the IIROC and are regulated locally in Canada.
  • AvaTradeGO stands out as the flagship mobile trading platform, delivering an intuitive and user-friendly experience.

AvaTrade seems to us like a very serious online broker, because of the regulation and the sponsorship of Manchester City. AvaTrade offers traders a commission-free pricing environment, but it comes with higher spreads. The EUR/USD starts with 0.9 pips or $9 per 1.0 standard lot. I want to note that the trading environments offered by these seven jurisdictions are significantly different, as the relevant regulators have varying degrees of restrictions. Since most international traders have choices, I recommend selecting the one, if possible, that is best suited to achieve your trading goals.

Additionally, FX options are available through the AvaOptions platform. At AvaOptions, you can trade more than 40 different instruments. For this, you’ll need a separate account from the main account. Similarly to the web platform, the mobile app also offers the AvaProtect insurance feature.

We were then directed to Avatrade’s intake form, which required us to fill in our name, and email address and choose either an individual or joint account. After clicking on the “Register now” button at the top of Avatrade’s main page, we were given a choice to open either a Real or a Demo account. Over your portfolio, letting you balance risk and reward to match your market view.

Short selling remains one of the most misunderstood aspects of financial markets today. There is also the white-labelled Trading Central analysis tool available. You can get access to analyst views and featured ideas in addition to newsflow streamed into the MT5 platform.

One of the impressive features of AvaTrade is how truly international they are, which is something that will appeal to traders all around the world. They have the website configured for 22 separate countries/regions around the world with at least 15 separate languages supported. As well, the platform allows the management of multiple MT4 accounts or switches between demo, real and variable spreads accounts.

Forex Scams

The App features a friendly dashboard with advanced tools and step-by-step guidance for trades opening, activity feedback, and support. We found out that all trading transactions performed on AvaTrade platforms are subject to trading charges that are consisting of Spreads and Overnight fees. In terms of educational material, the broker provides several resources for both beginner and professional traders, including eBooks, trading videos, professional trading strategies and blogs.

AvaTrade caters to a wide range of traders, making it suitable for individuals at all skill levels. Whether you’re a beginner or an experienced trader, AvaTrade offers an extensive selection of trading platforms to meet your needs. Novice investors can benefit from the comprehensive education resources provided by AvaTrade, which are designed to enhance their trading knowledge and skills.

It offers a range of trading platforms that cover all types of trading strategies. The spreads across the board at AvaTrade start at a competitive level. When trading major markets such as the EUR/USD forex market, you can expect spreads to start from 0.9 pips. This can reduce further if you open a professional trading account which the broker does offer.

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