If you believe that you won’t be trading for several months, it is better to contact the broker and deactivate your account for some time. This is a very important thing about AvaTrade which can help traders to enjoy the full extent of their deposits and make the most out of their trading. The in-trade fees that you might have to pay while trading with AvaTrade depend on several factors. First, it is the asset that you are trading, as well as your account type and your location.
AvaTrade’s 48 educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering. Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2023. AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill. Passionate in contemporary global financial issues, I’m currently active in researching topics on cryptocurrency, forex, and trading strategies.
To verify your account, there are different types of documents that you will be required to provide the broker with. The first type of document that you will be required to provide AvaTrade with is a copy of a government-issued ID. Then, you will also have to provide a copy of a utility bill issued over the past three months, or other legal document showing your residential address. While there are quite a lot of assets available with this broker, there still are some assets that are missing. For example, there are no real stocks available, which had an impact on our AvaTrade rating.
Trade Experience
AvaTrade also keeps the funds of the clients in separate bank accounts. This means that no matter what goes wrong, traders will always have access to their funds. Even if the broker goes bankrupt, you will be able to withdraw your funds, thanks to this account segregation.
- This can be beneficial for traders who are from Canada, as both brokers are regulated by IIROC.
- The minimum deposit is $100, but the broker recommends depositing around $1,000-$2,000 to enjoy the full experience of trading on AvaTrade.
- The services of the broker range from offering traders Forex currency pairs to stocks, cryptocurrencies, and many other assets.
- It is quick and easy to buy and sell assets, whilst you can get accurate data on what AvaTrade’s traders are buying or selling in real time.
One of the policies adopted by the broker is negative balance protection. This policy is aimed at ensuring that traders do not lose more money than they can afford. Sometimes, when using leverage, traders might end up losing too much money. While it can be quite useful for amplifying the profits of traders, it can also increase the risk of losing more money. By having licenses from so many jurisdictions around the world, AvaTrade is able to guarantee the highest level of safety and security for its clients. The broker is also able to use these licenses to act as an international broker, offerings services to traders all over the world.
Compare AvaTrade Competitors
Quick service to verify the accounts and transfer the funds with Alev Nazli. In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984). In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019.
Commissions and Fees
MetaTrader 4 and MetaTrader 5 were both created by the same company, MetaQuotes. They offer Expert Advisors, which can be used by AvaTrade clients to automate some parts of the Forex trading process. The minimum deposit is $100, but the broker recommends depositing around $1,000-$2,000 to enjoy the full experience of trading on AvaTrade. There are a wide variety of deposit solutions to choose from when trading with AvaTrade. Among them are credit cards, debit cards, wire transfers, e-wallets such as Skrill and Neteller, and many others.
Portfolio Analysis
AvaTrade has discontinued RoboX and Mirror Trader social trading programs, as well as AvaTradeAct, its dedicated platform and Metatrader alternative. But it still offers a broad variety of platforms to cater to manual and automated traders. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Yes, your money is as safe with AvaTrade as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds. AvaTrade is trusted by over 400,000 customers with millions of dollars in deposits.
Established in 2006, AvaTrade is one of the pioneers in the modern online trading industry. AvaTrade offers clients over 1,250 trading assets to choose from, making it a great fit for traders of all interests. Professional accounts are acquired through an application if traders qualify the requirements of professional accounts. Amongst the unique trading features within the AvaTradeGO platform, you can see your trades at a glance, create your own watch lists, and view live prices and charts. You can trade an impressive selection of more than 1250 instruments including the world’s top forex pairs, commodities, stocks, cryptocurrencies, and more, all from in the palm of your hand. The rebranded and updated MT4-based app includes enhanced social trading capacity, but it has a limited feature set that’s generated dozens of complaints on Google Play.
AvaTrade is dedicated to empowering its traders to invest and trade with confidence. These tools can help with analysing potential trading opportunities and improve your overall trading experience. Most traders could probably make do with the tools already included with the platforms but it is nice to have more available.
Special Features
The broker is regulated in numerous jurisdictions around the world, making it one of the safest choices for Forex traders globally. The website of the broker is available in over 20 languages, ensuring the highest level avatrade broker of comfort for every trader. AvaTrade’s award winning customer service is available 24/5 in 14 languages via phone, chat and email. There is always someone available to answer your questions as and when required.
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AvaTrade do not charge a commission to trade with them, instead they charge a fixed spread starting from 0.9 pips. 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. The broker offers different market analysis on the highest level in its educational site, Sharp Trader. There, one can find daily news, analysis and many other updates relevant to all instruments and platforms. The AvaTrade global Economic Calendar comprises routine financial events which affect the financial markets. Skilled traders use these events as part of their fundamental analysis trading strategies and plan their trades in accordance.
I have been working with AvaTrade for several months straight and didn’t really notice some terrible flaws. However, the recent policy changes of AvaTrade have negatively impacted my trading. The trading conditions are the best, and its lowest fees are probably the biggest reason why I love this platform.
It helps to shorten the learning curve by following expert traders who can provide valuable insight. On the other hand, experienced traders can save time by getting a clear view of the market, without having to perform daily research. Via the powerful WebTrader platform, users can stay on top of the market without allocating too much time on technical or fundamental analysis. It is quick and easy to buy and sell assets, whilst you can get accurate data on what AvaTrade’s traders are buying or selling in real time.