Overview of the AvaTrade broker

February 10, 2021

Traders can take advantage of their own investments with the many educational resources and tools that are available at AvaTrade. AvaTrade has a variety of services combined with the innovative and reliable platforms for mobile and online trading. You can follow the latest financial news, read up on market analysis and keep track of changes so you are ready to act at a moment’s notice.

  • AvaTrade goes in the completely opposite direction, with regulation from seven major regulatory bodies.
  • The AvaTrade global Economic Calendar comprises routine financial events which affect the financial markets.
  • The offerings from Trading Central are worthy of their own post, and they are extremely diverse and in-depth.
  • If your balance is unfavorable, AvaTrade suggests you promptly contact client services.
  • The Contact page lists 38 local telephone numbers covering a large part of AvaTrade’s global network of operations.

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. I want to note that the trading environments offered by these seven jurisdictions are significantly different, as the relevant regulators have varying degrees of restrictions.

Top 3 best Momentum trading strategies

For the Professional Account, the spread on EUR/USD falls to 0.6 pip. In my experience, they have always been reliable when it comes to making withdrawals. Islamic accounts that comply with Sharia law are available upon request. The platforms are fully customisable, so you can make them as complex or simplified as you like, depending on your trading style. You can save strategy templates to use later and set price alerts so you don’t need to constantly watch charts all day long.

AvaTrade stands out for its rich selection of trading platform options, and for its educational content for beginners – categories where it finished Best in Class. 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. This is the primary social trading app offered by AvaTrade, which allows anyone to connect with other traders to see how the market is moving. One of the unique features of AvaTrade is that there are multiple different trading platforms to choose from including AvaTrader.

It also offers one of the best choices for beginner traders and a secure and trustworthy trading environment with a high level of transparency. Overall, I rank AvaTrade as one of the best retail brokers available. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

Compare AvaTrade

The information collected by AvaTrade is only used to conduct official business and will not be sold to third parties. Your information is only shared for the purposes of executing trades and conducting business. The website is protected with SSL encryption and there are also banking security features and firewalls to safeguard your information.

You can connect to global markets with live feeds and social trends to discover new trading opportunities on this intuitive mobile trading app. The broker provides you with a wide range of free educational materials, trading tools and copy trading platforms via DupliTrade and ZuluTrade. If you don’t have the time or knowledge to trade yourself, then you could avatrade broker overview take advantage of these social platforms where you can copy signals from other traders. Fees are reasonably competitive for depositors, especially those trading individual stocks and shares wrapped as CFDs. I like the trading environment at AvaTrade as it presents a range of trading platforms and enough assets suitable for most investors and traders.

Spread Betting

This is unusual in the forex/CFD online broker space, where many brokers keep their swap rates unpublished, or at the least buried deep within their websites or trading platforms. Prospective AvaTrade clients will also be impressed by the range of assets available. And unlike nearly all its peers in the online forex and CFD space AvaTrade also offers trading in options on forex pairs. AvaTrade offers two different types of accounts – a Demo account and Real account. The Demo account allows you to place trades just as you normally would but you are using virtual money. You can learn how to use the trading platform at absolutely no risk.

If you are looking for a broker that is listed on a stock exchange with all the existing benefits, IG can be a good option. If safety and security are the most important things to you, then you won’t find many other brokers as well regulated as they are. XTB and Markets.com are other well-regulated brokers on par with AvaTrade who are worth considering. Traders pay a fee for the protection period, and if they close their trade with a profit, they keep it. Traders who close their position at a loss during the protection period get automatically reimbursed by AvaTrade but face the loss if they exit it after AvaProtect expires.

Does AvaTrade accept Neteller?

Traders can upgrade to a real trading account directly from the mobile app, either from the homepage dashboard, or the account settings section. As per the web trader registration, traders are asked to fill in a set of personal and experience-related details. Demo account traders are not required to complete the verification process. Traders can open a live trading account with a minimum deposit of $\£\€100 by credit card deposit and $/£/€500 by wire transfer. AvaTrade typically processes withdrawals within 1 to 2 business days after they are approved. However, the broker notes that processing and receiving your funds may take up to 10 business days.

Getting into the area of trading online demands expert assessing skills and comprehensive knowledge. You will acquire adept at all the concepts of online trading and brokerages as you keep trading. For starters, you have to choose the right online broker who will constantly be clear with you. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.

Deposits can be canceled by contacting AvaTrade’s support team on business days (excl. Saturdays and Sundays). If deposits do not arrive in traders’ accounts, they can also contact the support team. AvaTrade provides its traders with access to more than 50 forex pairs, including all the major currency pairs, minors and exotics.

The minimum deposit required to open an account is $100, which is a reasonable amount compared to other brokers. With the broker accepting clients from almost all countries except the US, Canada, Belgium, and Iran, AvaTrade offerings are considered some of the best. AvaTrade provides plenty of charting options and other trading tools to make their customers’ lives easier. Both mobile and desktop platforms integrate with a wide range of technical indicators, and the apps have in-built functions to allow for easy analysis and charting.

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