AvaTrade Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:8 12

AvaTrade Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:8 12

November 2020

AvaTrade offers both in-house research material and third-party content. AvaTrade charges an inactivity fee which is $50 per quarter after 3 consecutive inactive months. Additionally after 12 straight months of inactivity there is an annual fee of $100. These inactive fees are quite high when compared to their competitors. A wide range of t op-traded cryptocurrencies can be bought and sold on the MetaTrader 4 platform offered by Avatrade.

A very wide range of investment products including 8 cryptocurrencies. The owner of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this website are purely the author. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.

AvaTrade Security

The broker offers excellent access to a wide range of educational content to help you continue learning and growing as a trader. This content is suitable for all levels of trader whether you are a beginner, right up to a more advanced trader. AvaTrade have managed to craft a very trusted reputation among traders in the industry over the years they have been in operation. This is thanks in a large part to their comprehensive regulation around the world.

The current minimum deposit is 100 units, no matter the currency. The withdrawals can also be made to the same options as deposits and do not include any fee and may take up to 3 business days. Avatrade has its headquarters in Dublin, Ireland, and provides various financial instruments and a wide range of trading platforms for manual and automated trading.

  • Copy trading too is catered for through the popular third-party trading platform Duplitrade which completes a strong lineup of trading platforms with something to offer everyone at Avatrade.
  • Stop - A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it's a buy or sell.
  • Avatrade offers one commission-free trading account, and both its initial and ongoing costs are around the industry average.
  • The bottom line is that AvaTrade doesn’t allow you to invest in many different types of financial products.

It’s available on both Android and iOS and integrates with Avatrade’s social trading application. Avatrade offers a decent range of funding methods, and we were pleased that both deposits and withdrawals are free. However, we found that withdrawal times are slow compared to other brokers. Avatrade offers several asset classes that aren’t found at other brokers.

Web trading platform

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. They are displayed on your phone’s screen via push notifications. AvaTrade operates worldwide but operated through regional offices. They serve Australia, South Africa, Singapore, Japan, France, Italy, Spain, Mongolia, China, Abu Dhabi, and more. They serve more than 200,000 active customers and execute 2 million monthly trade orders.

As long as all the AML/KYC requirements have been completed by the client there were no cases where we saw AvaTrade delaying withdrawals. It is worth noting here that AvaTrade does not accept residents of the United States as clients at this time. The first line of support at AvaTrade is the online support center, which is loaded with FAQs to answer nearly all of the basic questions a client might have. Of course research is not neglected, and AvaTrade offers up quite a bit of content that looks at current market conditions.

avatrade broker review

They can also view charts and the trading history; WebTrader helps individuals to open and close positions with the click of a mouse. Simply put, AvaTrade reimburses the members for losing the trades at the end of the protected period directly to the trader’s account. This team also possesses financial trading instruments such as stocks, commodities, and several more with good leverage and competitive spread. As like most brokers, in AvaTrade margin requirements do vary depending on instruments. Account opening is pretty straightforward, and as per marketing materials, AvaTrade has several deposit and different withdrawal methods, which are free of charge.

AvaTrade Spreads are ranked low with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 0.9 pips for USD EUR, and spreads for other instruments are very attractive too. Generally, AvaTrade spreads are average fees or even low spreads compared to similar proposals and broker’s competitors. However, always note fees are presented as an indication only and may widen to volatile conditions, especially Cryptocurrency spreads that depend on current market conditions.

Compare Avatrade

Traders can trade right from the platform’s screen with one-click trading, including setting entry and exit parameters for the trade. There are 13 default options trading strategies built into the platform. Traders can thus execute straddles, strangles, risk reversals, spreads, and other options strategies, with just one click. Considering how popular both MetaTrader 4 and MetaTrader 5 are these platforms are going to be perfect for nearly every trader. I’m just goinf to describe each briefly because I’m very aware that nearly every trader out there knows MT4 and MT5. Plus, there is a wealth of information already available about these trading platforms.

XTB tries to combine the investment in stocks, ETF and in CFDs. This European-based online broker allows many users to open an account with them (e.g. Spain, Brazil, Portugal, France, UK or Argentina). Also, be aware that XTB’s range of assets is big, but they don’t have as much offer as eToro or DEGIRO. As you might guess from a global broker like AvaTrade there are a wide variety of deposit and withdrawal methods available. These include bank transfers, major credit cards, and major e-wallets. Prospective clients should know that withdrawals from AvaTrade must be made via the same channel the initial deposit was made.

We also like the fact that although Zulutrade offers automated trading, copy traders can monitor all open positions in real-time and have full control over their funds. Copy traders can choose from a large set of experienced and high-ranking traders with many followers. In order to open a copy trading account, you should click on “New Account” and select Zulutrade as the trading platform. Avatrade offers a wider range of trading platforms than other brokers, including MT4, MT5, and its own proprietary platforms – Avatrade Webtrader and AvaOptions. As per its website, trading courses and other educational materials are offered through Sharp Trader. Well-organized tutorials are segmented into beginner, intermediate, and advanced topics, offering logical paths to skill building.

avatrade broker review

Make sure to read the AvaTrade Reviews till the end before registering with the broker. Considered one of the best all-round brokers, Avatrade will be an attractive choice for most traders. In our review, we found that Avatrade has a wide range of tradable assets, low trading fees, and a choice of four different trading platforms.

The terms and conditions currently specify that a volume of 10,000 times the bonus amount must be traded within 6 months for the bonus to be withdrawn. That means a person depositing $1,000 would receive a $200 bonus. If a suitable answer can’t be found here the next level of support is to contact an agent directly.

Is it risky to invest in AvaTrade?

BrokerChooser gave AvaTrade a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account. But for the last few months, I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer. Distressed with the services, I searched for another Forex broker and found InvestFW. The broker was regulated, I quickly created an account and started trading. After using the platform for over 1 month, here’s my review – The platform is perfect, leverage is good, spreads are lowest and most importantly, the withdrawals are quick.

When trading forex or any other instrument, traders should trade with confidence, even though profits are not guaranteed. Every platform has its advantages and disadvantages, and also, there are major risks of losing funds. Avatrade trading platform offers Standard account / Retail account. Standard account can be opened with as little as $100 using debit card and credit card. Not all brokers offer options trading, but AvaTrade does allow you to trade on Forex options.

Additionally, traders prefer MT5 for its depth of market display, additional technical indicators, and analytical tools. When we opened our account, we noticed that the Avatrade client portal allows traders to choose between five base currencies, including USD, EUR, GBP, CHF, and AUD. Because we were depositing GBP from our UK-based bank account into our GBP-based trading account, we weren’t charged any currency conversion fees. New traders can open accounts for as little as 100 units of the base currency and the broker offers dedicated educational and research resources that should get them up to speed quickly.

Mobile Trading App - AvaTrade

Besides being highly compliant with regulators, they also have a number of measures in place to protect your funds as a trader. These include negative balance protection worldwide, the use of segregated bank accounts at top-tier banks to hold client funds, and further protection from the Investor Compensation Fund . This inclusive protection insures the funds of EU-based traders up to €20,000 in the event of financial issues at the broker, though they have a very stellar record in this regard. During our Avatrade review UK, we confirmed the same deposit methods can be used to make withdrawals at no charge. Credit/debit card withdrawals do have a maximum limit of 200% of your deposited amount over an undefined period of time. AvaTrade also provides excellent research tools and information, while MetaTrader traders can utilize Autochartist.

We found that AvaTrade offers an excellent and varied social trading experience compared to other brokers. Next, we were asked to complete a short form to help Avatrade assess the state of our finances and trading knowledge. Many brokers omit this step in the account-opening process, but it is a responsible move in an industry that is often accused of not protecting customers.

The spread costs for US_500 & US_30 are0.25 over market and 3.00 over market, respectively. The average spread cost for GBP/USD and USD/JPY is 1.6 & 1.1 pips, respectively. The desktop platform of AvaOptions is slow to load and has an old appearance that does not match the mobile site's slick responsive design. Retail pricing is in line with the industry average but lags below market leaders.

Spread betting account is only offered in United Kingdom and Ireland. Before I explain all the features offered by AvaTrade, I want to tell you about its advantages and drawbacks, and about who might benefit from opening an account with AvaTrade. Alternatively, if you don’t want to trade in derivatives and/or are looking for a platform on which to invest without leverage, you may want to consider eToro or DEGIRO. This website is using a security service to protect itself from online attacks.

This team gives highly competitive spread and a huge range of assets AvaTrade, daily market analysis research instruments, affiliate programs & 0.9 pips is an average spread cost. AvaTrade put forward other platforms like AvaTradeGO, AvaOptions, MT4, and MT5. Since it is founded in 2006, the forex brokers has expanded quickly with more than three hundred thousand registered end users globally; and the number continues to grow.

As per our AvaTrade review, withdrawals can be made through the payment methods that are funded to the AvaTrade account. The conversion fee do depend on the base currency, payment provider and receiving currency. AvaTrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunity. AvaTrade’s mobile app with copy trading, AvaTradeGO has positive reviews. This best brokers has ensured that the experience on the desktop version and mobile trading platform is seamless and efficient.


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