AvaTrade Review 2023 Find All Features With Pros and Cons!

On the other hand, if you perfect a broker’s proprietary platform and then leave, you will need to start from scratch with another platform. The broker accepts clients from all over the world, excluding the USA, Belgium, and Iran. The clients from mentioned countries can find an alternative from our powerful broker comparison tool.

UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalog. AvaTrade offers a selection of auto-trading software via some of the best social trading platforms that enable you to copy the trades of experienced forex traders. Automated trading platforms can mirror or copy the trades of others directly into your own trading platform / account.

avatrade review

Products are segmented into five main topics, which allows the clients to find all the answers efficiently and quickly. The buggy searching function detracts from your failing and learning experience in different topics and articles. Avatrade is offering the clients a user-friendly website trading platform along with special order types so that you can control risk tolerance. On the other hand, you are not allowed to set a price alert, limited customizability, and push notifications.

Opening an account with AvaTrade takes a few minutes and it is done 100% online. Various countries allow their residents to open an account with AvaTrade. Exception is a small list that includes the United States, Belgium, and Iran, Israel. It features an excellent visual interface that tracks the number of publications per day, the orientation of such news – positive/negative – and the type of news covered.

About AvaTrade

State-of-The-Art Trading PlatformsAvaTrade provides multiple platforms including MT4, MT5, DupliTrade, WebTrader, AvaOptions and the AvaTradeGO mobile app – there’s something for everyone. Traders also enjoy real-time updates to stay on top of the market. Just in with the platform,I think it’s really a good platform,nice interface, user friendly and good customer service. A big thanks to #Alev Nazli, one of their Team representative, her call and support was a good one 👍 even though I’m still new to the trading industry. In the sections below, you will find the most relevant fees of AvaTrade for each asset class.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily https://broker-review.org/ on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

I want to trade options, are they available at AvaTrade?

On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. BrokerChooser gave AvaTrade a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account. AvaTrade’s AvaTradeGO mobile apps provides traders with several powerful features of MetaTrader 4. AvaTrade features like a clear dashboard, social trading, notifications, deposit bonus, etc. By using this, the trader can create their watchlist, view notifications, live prices, and technical charts.

The AvaOptions app, powered by Sentry Derivatives, provides AvaTrade clients with an excellent forex options mobile trading platform. Comprehensive EducationAvaTrade’s Demo account allows beginners to learn how to trade and enables advanced traders to test their strategies in a risk-free environment. Traders also enjoy exclusive access to video tutorials, eBooks, economic indicators and the Sharp Trader academy, which can help them polish their trading strategies and abilities. Clients can also register for regular webinars hosted by AvaTrade professionals that cover all important aspects of trading. In this review, we tested the MetaTrader 4 desktop trading platform, as it offers more assets to trade, not just forex options. Yes AvaTrade EU Ltd is regulated by the Central Bank of Ireland.

Additionally, AvaTrade states that accounts across all jurisdictions do have negative balance protection and also offers AvaProtect which allows the client to take out insurance on a trade. AvaTrade provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them. This can be a good way to familiarise yourself with the broker before trading on a real account. If you make a first deposit of $1,000+ , you will be assigned a dedicated account manager to guide you in your first trades, teach you how to use the trading platforms and inform you on all market matters.

Another nice touch is the options trading platform, AvaOptions, dedicated to vanilla options traders. AvaTrade has 55 currency pairs, 16 cryptocurrency pairs, 27 commodities, and 31 index CFDs. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list.

avatrade review

Besides this, AvaTrade provides the best-in-class customer service and user experience when compared to Caps XM. Sounds good, right? Traders from the central bank of Ireland and the UK can easily open spread betting accounts with a complete-featured deal product catalog. Most of the brokers as well the Avatrade, these days, support the Metatrader platform. That is why you have the accessibility of using it on a mobile, web browser, or desktop. Due to its light software, the MetaTrader 4 gives the guarantee of no lagging.

Minimum Deposit

Avatrade copy trading integrates through DupliTrade and Zulutrade. This ranks them among the best copy trading brokers such as Pepperstone and eToro. Avatrade launched AvaSocial in the UK, with which traders can follow and copy the best traders. AvaTrade doesn’t charge any account fees, additionally deposits and withdrawals are also free of charge. The fees are built into the spread, The average spread cost is 0.9 pips during peak trading hours.

  • The AvaOptions platform, designed for forex options, has a desktop version.
  • We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.
  • The overall process remains swift, but I would like AvaTrade to add cryptocurrencies as an option.
  • SharpTrader delivers over 40 courses and 200 videos, and I highly recommend beginner traders to take their time with valuable lessons.
  • The BVI provides licenses to companies who are operating in financial services within this territory.

Professional accounts are acquired through an application if traders qualify the requirements of professional accounts. 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.

For example, it took us a while to figure out how to add an asset to the watchlist. However, it’s not customizable; for example, you can’t change the size and position of the tabs. On the negative side, AvaTrade charges an inactivity fee of $50/€50/£50 per quarter after 3 straight months of inactivity. On top of that, after 12 consecutive months of non-use, an annual administration fee of $100/€100/£100 will be deducted.

AvaOptions Platform

More details are listed below, if you have patience like mine you’ll find out what it had been through. At last, if you ask my opinion about avatrade, i really don’t give it a damn! But after you read this and you still think you might get lucky. Well, no one will complain about your persistence of foolishness. You maybe an incautious fool at the first time, but there’d be no excuses to play dump for the 2nd.

Overall, I rank AvaTrade as one of the best retail brokers available. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. The educational content covers a wide range of trading topics such as money management, trading platforms, trading strategies, technical and fundamental analysis, different markets, and much more.

Exceptional reputation conformity is one of its remarkable features. Hence, the user can be confident that you are trading in a secured online environment. AvaTrade trading fees are a bit higher compared to its rivals. The cost of trading with Avatrade is lower once all other fees are considered. They offer 56 currency pairs and 17 different cryptocurrencies.

money gone and so were the ava cs… shame

Whenever markets are active, traders can trade, stay motivated, communicate with other traders in an engaging trading environment. Using the calendar, experienced traders can apply, plan, and execute trades by following economic events. Traders can use it for predicting which way the market will move to make wise and informed trades. When traders register at AvaTrade, they will receive a daily market trading strategy newsletter and morning news brief, both of which include daily market data, market buzz, market news and updates. Traders at AvaTrade can also access a blog that covers current events and market commentary. The AvaTrade forex affiliate network consists of over 70,000 partners, including global partner of Manchester City, in over 150 accepted countries throughout the world.

Also, AvaTrade collaborated with Friedberg Direct to provide trading in Canada. Direct Investment Hub Ltd. is regulated by the Cyprus Securities and Exchange Commission. We believe everyone should be able to make financial decisions with confidence.

You might not be smart, at least you may refuse being a dump arse. AvaTrade offers negative balance protection and AvaProtect, which allows the client to take out insurance on a trade. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. AvaTrade have worked hard to create streamlined and advanced processes to ensure that all withdrawals and deposits from traders are handled as quickly as possible, within a safe and secure environment.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Deposits and withdrawals are free, but inactivity fees are quite high. AvaTrade is legitimate forex and CFD broker and a highly regulated award-winning broker with over 300,000 registered traders and trading volumes surpassing $70 billion per month. Generally, this team processes the withdrawals within a business day. If the user is using a credit or debit card, it might take up to 5 business days, and for e-wallets, it takes around 24 hours.