AvaTrade Review: Premier Online Forex Platform

avatrade review

You can trade stocks and ETFs on AvaTrade through CFDs, regardless of your location. This means you also have the leeway to go long or short on the many indices AvaTrade offers, the same way you would trade forex or cryptocurrencies. Finally, the broker is regulated by the Financial Services Agency in Japan, which monitors its operations in that country. AvaTrader runs an online commercial trading academy for those wanting to learn to trade. While most people will need to pay to access this content, AvaTrade clients can access this content for free.

Inactivity Fee

You can add to your investment to grow your portfolio size over time. When trading cryptocurrencies on AvaTrade, you can choose to go long or short by using leverage. This means that AvaTrade enables you to profit from crypto price movements regardless of the direction.

How do I deposit in an AvaTrade account?

avatrade review

My testing found agents to be quick and informative in their responses. I appreciated AvaTrade’s mobile app for its light and easy-to-navigate design, and I think it’s a great tool for https://forexbroker-listing.com/ staying informed of the latest market developments. However, since mobile apps are run on low-resolution devices, they are not ideal for carrying out sophisticated technical analyses.

  1. AvaTrade offer up to date fundamental and technical market analysis that helps to keep you informed with the latest markets movements and assist in making educated decision whilst trading.
  2. Select one or more of these brokers to compare against AvaTrade.
  3. If you use a credit card to make a deposit, the payment should be credited instantly into your AvaTrade account.
  4. The broker also offers 24/5 chat/phone support, as well as social media portals and an online form entry.

Education Resources

avatrade review

For retail traders, it offers a proprietary platform along with the widely recognized MetaTrader 4 and MetaTrader 5. AvaSocial and DupliTrade cater to copy traders, while AvaOptions is tailored for option traders. For trading on the go, the broker provides the AvaTradeGO app and mobile versions of MetaTrader. The broker does well in providing a well-rounded range of asset choices for you to invest in. They also provide for trading in 40 forex options through their dedicated AvaOptions trading platform. AvaTrade has a dedicated website called “The Sharp Trader,” which provides all information a trader may need for trading.

avatrade review

AvaTrade CFDs Trading

Their state-of-the-art platforms provide the necessary tools to stay ahead of the game, while their tight spreads and competitive fees ensure you are maximizing your profits. With AvaSocial, you have access to experienced traders who can provide invaluable insight into the markets, helping you cut down on the learning curve considerably. Whether you are looking for new trading ideas or simply looking to improve your trading game, AvaSocial has got you covered. The Central Bank of Ireland, FSCA, and ASIC regulate the AvaTrade professional account. With the professional account, traders can access the full range of over 1250 assets available on AvaTrade. With this account, you can access the same variety of assets through the standard account.

avatrade review

While most CFD brokers only offer it to retail clients in the UK and Europe to meet regulation requirements, AvaTrade offers negative balance protection to all their retail clients. The popular MetaTrader 4 (MT4) is available and still a leader when it comes to platforms for trading forex despite its age. One impressive aspect of AvaTrade offer is a large range of trading platforms. AvaTrade is an online brokerage firm offering its global customers access to forex and Contracts-for-Difference (CFD) trading in shares, bonds, indices, ETFs, commodities, and cryptocurrencies. We also offer real-time stock alerts for those that want to follow our options trades.

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). For this reason with think spread betting with AvaTrade compared avatrade review unfavourably with brokers like Pepperstone and IG who allow you to trade using a wider range of trading platforms. 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.

Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. We may receive compensation when you click on links to products we review. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

They still maintain a strong presence there but have since grown to become one of the top forex brokers in the sector offering services around the world. 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.

Navigating through AvaTrade’s fee structure, we discovered it has a transparent and straightforward breakdown. This provides traders with the clarity they need in determining its competitiveness regarding fees and commissions. If a client’s account has funds, he/she can log into “MyAva” and follow the withdrawal procedure outlined there. Following the withdrawal of funds, the client can email his/her account manager or customer support and request closure of the account. 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.

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.

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