AvaTrade, a legal FX and CFD broker with over 300,000 registered traders and monthly trading volumes exceeding $70 billion, was founded in 2006 and is a member of the Ava Group of enterprises. The proprietary platform is a leader in trading CFD with minimal Avatrade CFD fees and offers its new clients, both new traders and seasoned traders, unique features, a flexible, and secure trading environment. In this AvaTrade review, we’ll look at the forex broker’s benefits and drawbacks, supported assets, deposit and withdrawal options, AvaTrade trading fees, and more. We contrast AvaTrade trading leverage, spreads, and trading costs. Before signing up with the broker, make sure to read the AvaTrade review.
Overview of Avatrade Trading
- Website of the company: https://www.avatrade.com
- Ireland’s capital: Dublin
- 2006 discovery
- Regulators include ASIC, the Central Bank of Ireland, FSCA in South Africa, FSCA in Japan, FSCA in the British Virgin Islands, ADGM in the Middle East, and IIROC in Canada.
- Forex, stocks, commodities, indices, FXOptions, ETFs, bonds, and cryptocurrencies are among the products offered.
- Initial Deposit Requirement: $100
- Yes, MetaTrader 4 (MT4)
- Yes, MetaTrader 5 (MT5)
- Low trading costs
- High inactivity fee
- Fee for withdrawal
- No currencies are supported.
- USD, CHF, JPY, CAD, AUD, EUR, GBP
Features of Avatrade
Other platforms offered by AvaTrade trading include AvaTradeGO, AvaOptions, MT4, and MT5. More than three hundred thousand end consumers have registered with the best forex brokers since they were created in 2006, and that figure is still rising. The process of opening an account is rather simple, and according to marketing materials, AvaTrade offers a variety of free deposit and withdrawal methods. Additionally, Avatrade trading offers user-friendly search options, instructional resources, and research tools for daily market analysis.
Regarding client data, the AvaTrade staff maintains strong security procedures. The entire website is secured by 256 bit SSL encryption, and McAfee guards against credit card fraud and identity theft. AvaTradeGO is a user-friendly, adaptable app that adds a number of features and offers AvaTrade’s insurance programme.
AvaTrade Currency Pairs
AvaTrade trading offers six major currency pairs:
- GBP/USD
- USD/CHF
- USD/JPY
- USD/CAD
- AUD/USD
- EUR/USD
Avatrade’s Standard Order Types
Avatrade trading platforms allow users to place typical orders like:
- Market
- Buy Limit
- Sell Limit
- Buy Stop
- Sell Limit
A trade position will be automatically ended if a take profit or stop loss order is submitted by the trader and is activated. Additionally, before any orders, such as limit orders or others, are triggered, traders can manually close these positions at any time.
Avatrade Mobile Trading App
The best forex trading app for 2020 was AvaTradeGO. By using AvaTradeGO, one may lower risk, profit from market trends, and stay current. It is a distinctive app that AvaTrade offers. It provides user-friendly functions and a secure way to keep track of social trading. AvaTradeGO trading has a wonderful user experience, according to user reviews, and its notification, price alerts, and charting features assist traders in gaining crucial financial data for precise market research. Not market makers, but rather brokers, AvaTrade.
Trading Robots
The automatic copy trading platforms ZuluTrade, DupliTrade (which has an excellent, above-average teaching component), and MQL5 are all recommended by AvaTrade. These platforms allow traders to mimic or imitate the moves of other profitable traders. If you are an experienced trader, AvaTrade trading offers a variety of auto trading tools, and you will have access to support from advisors who are specialists in the field.
Fees for AvaTrade withdrawals
The trader should make sure their account is confirmed and verified and that this broker doesn’t charge a withdrawal fee before making a withdrawal from their AvaTrade trading account. The regulatory authorities’ primary requirement is identity verification, so the broker must adhere strictly to the KYC procedure.
Identification of the trader’s account is necessary for AvaTrade trading to check for any dangers that could allow access to fraudulent activity. AvaTrade’s withdrawal procedure takes one to two business days.
Tools for Education
Through the educational website Sharp Trader, AvaTrade trading provides a number of educational resources and gives customers the freedom to trade with confidence. All levels of traders will benefit from its library of ebooks, videos, research articles, and seminars. A demo trading account is also made available to AvaTrade members so they can experiment without risking real money. AvaTrade provides a variety of educational resources and trading courses, such as:
- Trading Instructional Resources
- Trading tactics used by professionals
- Economic indicators
- Videos for ebook trading
- A well-designed training platform for webinars
The Customer Service at AvaTrade
14 languages are supported by AvaTrade’s professional and committed multilingual customer service team. This crew is accessible by phone, live chat, and email around-the-clock. The live chat feature and email address of AvaTrade are touted to have the quickest response times. A fantastic service is provided by AvaTrade.
AvaTrade’s Forex Trading
Even though gains are not guaranteed when trading forex or any other instrument, traders should trade with confidence. Every platform offers benefits and drawbacks, as well as significant financial loss possibilities. AvaTrade trading understands that confidence comes from knowledge. The best learning tools may be found on the AvaTrade website. ASIC oversees Avatrade.
AvaTrade is a highly regulated broker that offers a variety of FX pairs for trading. Competitive spreads, a variety of platforms, and first-rate customer service are further benefits. The site allows for unrestricted short selling and scalping.
Why should you choose AvaTrade trading?
AvaTrade trading is a trustworthy forex broker with a history of offering top-notch, customer-focused platforms for trading FX and CFDs. A trader can instantly register an account with AvaTrade and begin trading on the MT4 platform.
This squad has a spread that is highly competitive and a wide variety of assets. AvaTrade trading daily market technical analysis tools, affiliate schemes, and an average spread cost of 0.9 pips. Like most brokers, AvaTrade has different margin requirements for different instruments. Client funds handled by AvaTrade are governed in Australia, the European Union, Japan, the United Arab Emirates, South Africa, and the British Virgin Islands and are kept in segregated accounts. More than 20 languages are supported by Avatrade.
Pros
- Globally regulated by a number of authorities
- The customer service team at AvaTrade speaks numerous languages.
- Competitive dispersion across numerous platforms and provision of fee reports
- This online trading platform offers a type of demo account.
- Cheap AvaTrade fees
Cons
- It could take up to 10 days for withdrawals.
- $50 per quarter in high inactivity fees
Conclusion
According to our AvaTrade review, this company serves a variety of clientele because it offers a variety of possibilities. Avatrade offers trading, tradable asset classes, software, and tools for research. Beginners may utilise the AvaTrade platform, and it provides a straightforward and easy front-end that is supported by a committed customer service & account manager team. The platform’s features and functionalities are simple for beginners to use. To familiarise themselves with the trading environment, users can access specialised educational content on the AvaTrade platform. The variety of financial instruments offered by AvaTrade, including commodities, equities, forex, CFDs, indices, FX pairs, and cryptocurrencies, can be helpful to those seeking diverse portfolios. Additionally, it helps traders reduce the risks associated and diversify their portfolio.
