17

Dec
2020

Is AvaTrade a Broker You Can Trust? We Review Everything About Them

Posted By : Harry Mahardika/ 488 0

The AvaTrade web trader’s dashboard welcomes traders with a shortcut menu on the left-hand side, offering tabs like trading, position management, open orders, and order history. This process is completed once traders’ accounts are verified. Mobile users who are not yet ready to trade live can access a practice account with AvaTradeGo.

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During my experience, I found the live chat function to be particularly impressive, with quick response times and staff readily available to address my inquiries. Courses and tutorials are conveniently categorized by difficulty and subject, with nearly 60 articles dedicated to beginners and 29 for more advanced traders. Additionally, there are 48 videos available, complementing the tutorials and webinars found on their YouTube channel.

AvaTrade withdrawal fees and options

However, it’s not customizable; for example, you can’t change the size and layout of the various sections. AvaTrade’s web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.

The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product. Traders can open a live trading account with a minimum deposit of $\£\€100 by credit card deposit and $/£/€500 by wire transfer. AvaTrade provides its traders with access to more than 50 forex pairs, including all the major currency pairs, minors and exotics. AvaTrade is an online brokerage firm offering its global customers access to forex and Contracts-for-Difference trading in shares, bonds, indices, ETFs, commodities, and cryptocurrencies.

Users can interact with other traders via community channels and ask questions on specific strategies, find out more about crypto markets, or seek out a trading mentor. AvaTrade clients can also download the broker’s social and copy trading platform – AvaSocial. Available on iOS and Android devices, the mobile app lets clients replicate the trades of successful investors. Options – Avatrade have made trading options accessible for traders of all experience levels.

Additionally, you can also set expiration criteria to these alerts and notifications. For added convenience, though, you can also set up biometric or PIN code authentication. Just like the WebTrader platform, AvaOptions provides only avatrade review one-step login. You can easily see your profit-loss balance and the commissions you paid. Just like the WebTrader platform, MetaTrader 4 provides only one-step login. Unfortunately, you can’t set price alerts and notifications.

Markets and products

While phone support may have slightly longer response times, it remains highly competitive in providing satisfactory assistance. It is worth noting that customer support is offered in a wide range of languages, ensuring effective communication and support for customers from diverse backgrounds. AvaTrade excels in customer service, providing prompt and helpful assistance from their courteous and knowledgeable staff, available 24/5 to cater to the opening hours of most markets.

Manage & trade all your Metatrader accounts in one trading app. Trade Forex, Shares, Cryptocurrencies, Indices, Commodities, FX options, ETFs, and other CFDs with excellent trading conditions. Plus, protect your trades up to One Million Dollars with 🛡️ AvaProtectTM. The product range is limited to forex, CFDs and cryptos, and there is a high fee charged for inactivity.

Along with access to news and live economic calendars, they offer an additional advantage by providing access to trading educational resources on Sharptrader.com. The app includes features such as news updates, charting tools with 93 indicators, watchlists, and risk management tools like stop-loss, limit orders, and AvaProtect. It is important to note that AvaTradeGO currently lacks two-step log-in and does not support face ID for authentication.

  • AvaTrade, founded in 2006, is registered in the British Virgin Islands as AVA Trade EU Ltd.
  • It is an intuitive platform tailored to suit professional traders with its complexity.
  • This is the industry average and allows traders with different budget sizes to start trading.
  • First, if you fund your account in the same currency as your bank account, you won’t be charged a currency conversion fee.

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity.

Is Avatrade legitimate?

AvaTrade, formerly known as AvaFX, is a renowned brokerage firm with its headquarters situated in Dublin, Ireland. With regional offices established worldwide, AvaTrade aims to empower individuals to invest and trade with confidence in an innovative and trustworthy environment. They pride themselves on delivering exceptional personalized service and unwavering integrity. Over the years, the broker has received nine awards recognizing the quality of services provided. Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age.

However, non-trading fees present a mixed picture, with free withdrawals but relatively high inactivity fees. MetaTrader 4 compensates for the customization limitations of Webtrader. It is a third-party trading platform and is globally recognized as the leading platform. Highly customizable, it offers a plethora of features designed to enhance trading performance.

Novice investors can benefit from the comprehensive education resources provided by AvaTrade, which are designed to enhance their trading knowledge and skills. AvaTrade stands out in the Australian market by offering an impressive range of customizable trading platforms. With five distinct options available, traders of all levels, from beginners to experts, can find a suitable platform to meet their needs. 78% of retail investor accounts lose money when trading CFDs with this provider.

avatrade ireland

AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold. While debit or credit card deposits are instant, traders have reported that, in some cases, it takes a few hours for the money to show up in the account’s available balance. For trading https://forex-reviews.org/ ideas, AvaTrade offers a section known as ‘Analysts View’ or ‘Forex Featured Ideas’. Traders can find hints into potential trading signals spotted by other traders for most of the financial assets covered by the platform. Compared to its rivals, AvaTrade’s portfolio of available stock, index, and forex CFD is smaller.

See all AvaTrade’s Indices Spreads

It also has diverse and user-friendly research and education tools. 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. Lastly, AvaTrade has recently created a strategic partnership with Aston Martin Formula 1 Team.

Non-trading fees

The AvaOptions desktop platform is slow to load, and has an outdated design that doesn’t match up with the sleek responsive design of its mobile counterpart. AvaTrade offers AvaSocial, along with ZuluTrade and DupliTrade for social copy trading, and finished Best in Class for 2023. Trading CFDs on leverage involves significant risk of loss to your capital. Compared to its rivals, AvaTrade’s portfolio of available products is limited, when it comes to ETFs, bonds, and individual stock CFDs. There are no deposit fee at AvaTrade for the these payment methods.

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.

Mr. Ferguson came to AvaTrade after serving as the European & Asian Senior Treasury Manager at Bristol Myers Squibb, a globally leading pharmaceutical company. Prior to that, he served as Head of Corporate Forex for large international specialist banking and asset management groups in London & Dublin. He joined AvaTrade in 2008 as Director of Trading & Risk Management. Mr. Ferguson holds degrees in Computers and Business from University College Dublin, Ireland and from Lindenwood University, Missouri, USA. One way to understand whether a Broker is trustworthy is through the State Regulation and the Security measures to which the company that owns the platform is subject.

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