It allows traders to speculate on price movements in both rising and falling markets—without actually owning the underlying assets. Thanks to its strong reputation and long-standing presence, it’s become a go-to for traders worldwide. I’ve used AvaTrade, and I really like its smooth interface and variety of trading options. The spreads are decent, and having multiple platforms like MT4 and AvaTradeGO makes it flexible. I also appreciate the strong regulations, which add a sense of security. The only downside I noticed is that withdrawals can take a bit longer than expected, but overall, it’s been a solid experience.
Step-by-Step Registration at AvaTrade – Takes Approximately 20 Minutes in Total
Accounts that show no activity for three consecutive months are charged $50, and if that account remains inactive for an entire year, an additional $100 fee is charged. AvaTrade’s website points out that the broker is “subject to stringent compliance requirements.” Naturally how it handles client assets is dictated by the regulating agencies it registers with. AvaTrade’s fees include a buy/sell spread, Overnight Premium, inactive fee, and Administration Fee, all designed to be transparent and integrated seamlessly into trading operations. If you have experience trading with AvaTrade please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 6 AvaTrade customer reviews submitted by our visitors.
As a fully regulated broker, AvaTrade holds licenses across multiple regions, including South Africa, the UAE, the British Virgin Islands, Australia, Europe, and Japan. No matter where you are, you’re trading on a platform that meets strict financial standards. The web platform is easy to learn and the mobile app is great for trading on the go. The broker is regulated by multiple bodies, including the ASIC and CySEC. The firm also uses important safeguards, including segregating client funds and negative balance protection. AvaTrade also stands out for its selection of extra tools to enhance the trading experience.
Customer Support
Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). He is a forex industry expert and an active fintech and crypto researcher. E-wallets like Neteller, WebMoney, and Skrill are available to customers from select countries. AvaTrade charges a €50 inactivity fee after three uninterrupted months of non-use. Clients with dormant accounts incur additional administrative charges of €100 after 12 successive months of inactivity.
WebTrader still provides sophisticated trading tools, including 10 chart timeframes and 14 drawing tools such as Fibonacci Retracements and Trend Line. However, the biggest advantage is that there is no time limit – making it an excellent tool for beginners looking to continue testing strategies after opening a live account. Demo trading accounts at most competitors I have reviewed automatically close after days. I never recommend choosing a broker based solely on their trading promotions.
How We Chose the Best Brokers for Forex Trading
Ava Futures charges $0.19 for micro and mini futures and $0.49 per standard contract, placing it among the most competitively priced futures brokers. Traders get eleven currency futures, two cryptocurrency futures, 23 commodities, energies, and metals futures, 21 index futures, and ten treasury futures. Traders also benefit from free Level 2 data, while beginners get industry-leading educational content. Its range of tradeable markets has nearly doubled year-over-year, and spreads for clients designated as Professional traders in the EU are quite competitive. AvaTrade’s platform variety is impressive, with MetaTrader, AvaOptions, and AvaFutures providing something for every type of trader. That said, AvaTrade’s proprietary platforms could benefit from more advanced features and better research integration.
However, potential clients may contact customer support to extend the trial or open a new demo account. I would like to see AvaTrade provide an unlimited demo account for beginner traders and those testing strategies and algorithmic trading solutions. At AvaTrade, traders can trade popular cryptocurrencies, like Bitcoin plus Bitcoin Cash, Litecoin, and Ethereum.
Can I deposit $10 with AvaTrade?
- One major downside, though, is that a $2000 minimum deposit is required, which will put it out of reach for most beginners.
- AvaTrade is a well-refined currency trading platform that offers a wide variety of trading tools and instruments.
- Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus.
- AvaTrade offers commission-free trades with spreads that reflect an average level of trade execution cost.
There are more important factors to consider, including safety, trading conditions and investing tools. The account opening process at AvaTrade for international traders requires only an e-mail and password. As AvaTrade is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations. Most traders will satisfy it by sending a copy of their ID and one proof of residency document. AvaTrade will display the fee, which it deducts from your account balance when you execute your trade, and traders agree to it by taking the position. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- You can use the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as the broker’s WebTrader, AvaTradeGO, and AvaOptions.
- These integrations include signal information, social trading, and copy trading, as well as news and information services.
- I like that AvaTrade invested in a proprietary social trading platform, Ava Social.
- The overall process remains swift, but I would like AvaTrade to add cryptocurrencies as an option.
Alternatively, a professional account is available to qualifying traders with benefits including increased leverage. Duplitrade takes social trading to the next level, offering a mechanism for automating copied trades as part of a self-running system. Headlines from economic announcements can move trading markets significantly, which is why AvaTrade comes equipped with its own economic calendar. This information source is constantly updated in real time based on the ongoing cycle of published news and information. The MetaTrader platforms include an integration of its copy trading functions with these platforms as Expert Advisors.
Bonuses and promotions at AvaTrade are available at select subsidiaries, dependent on the regulator. Where available, AvaTrade presents traders with a deposit bonus and a refer-a-friend program. Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus. Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker.
Non-Trading Fees
There are no deposit or withdrawal fees – an advantage for active traders looking to move funds frequently. AvaTrade does not levy internal costs on transactions, but third-party fees may apply. I recommend traders double-check with their preferred payment processor about this. While AvaTrade processes withdrawal within 24 hours, it may take up to ten business days for traders to receive their funds. The overall process remains swift, but I would like AvaTrade to add cryptocurrencies as an option.
AvaTrade has 55 currency pairs, 16 cryptocurrency pairs, 27 commodities, 31 index CFDs, and 54 futures contracts. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list. avatrade review I like the asset selection as it remains a well-balanced choice of trading instruments, suitable for all traders.
All trading costs are built into the spreads, which start from 0.9 pips for retail customers. The range of supported trading platforms includes MetaTrader 4, MetaTrader 5, DupliTrade, WebTrader, and AvaOptions. CFD and options trading platforms are available, with web-based platforms, desktop platforms, and mobile platforms readily available. An intuitive, dynamic interface on each platform ensures a robust and feature-rich experience. The safety and security of traders is sacrosanct, with ironclad security protocols in place, AvaTrade demo trading for new traders, and rapid onboarding. Perhaps the most useful features of the trading platforms are the educational tools and resources.