AvaTrade Review: Regulated Forex & CFD Broker

AvaTrade Review: Regulated Forex & CFD Broker

AvaSocial is an innovative app that connects traders with a community of experts, allowing you to copy their strategies and trade with confidence. Whether you’re a beginner looking to learn or an experienced trader saving time on research, AvaSocial makes it easy to follow skilled traders with proven success. MT5 adds new features like greater periods, economic calendars, and faster processing, broadening trading to equities, commodities, and indexes.

MT5 Mobile Trading App

• DupliTrade is an MT4 compatible platform, which allows traders to automatically follow more experienced traders’ signals and strategies in-real time.
• The broker boasts over 300,000 registered users globally, handling millions of trades monthly.
• The paper trading feature has been enhanced to facilitate a more immersive, real-world trading simulation.
• The rich feature set included with the tool will also help traders learn more about technical analysis and how patterns can develop on charts in response to the price moves of assets.
• I would like to see AvaTrade provide an unlimited demo account for beginner traders and those testing strategies and algorithmic trading solutions.
• They are particularly good for automated traders, with support for Expert Advisors (EAs).

They have a team available on a 24/5 basis through phone, email, and a web-based live chat service. This team can generally answer any questions you may have in a fast, professional manner. The broker website also supports a detailed FAQ section which addresses many of the most common questions you may have at any time. AvaTrade fees are generally fair, and they do a good job at trying to limit these as much as possible. You should not typically incur a deposit or withdrawal fee with the exception of if you are using a wire transfer, or exchanging an unsupported base currency.

This shows that they care about their clients and want to make sure they are making informed trading decisions based on knowledge. The secure back office at AvaTrade processes deposits and withdrawals. AvaTrade does not levy internal costs on transactions, but third-party fees may apply.

My tests indicate that AvaTrade’s standard account type offers more competitive conditions than the average STP account but slightly worse-off conditions compared to the typical ECN account. I also discovered that the broker charges a relatively high inactivity fee. After three months of inactivity, the dormant account is charged $50 (or the base currency equivalent). The fee is charged monthly until activity resumes or the account balance drops to zero. After twelve months of inactivity, AvaTrade charges an administration fee of $100.

AvaTrade is one of the best brokers for beginners due to its trading academy, SharpTrader. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free AvaTrade account. The platform’s robust security measures give me peace of mind while trading.

Comprehensive and User-Centric Support

Yes, AvaTrade offers AvaProtect, a unique feature that protects your trades from losses when conducted through the AvaTrade app and WebTrader, providing traders with added peace of mind. AvaTrade ensures the security of your funds by keeping them in segregated accounts and is regulated in multiple jurisdictions, including the EU, Australia, Japan, and more. This guarantees a high standard of financial security and compliance with industry regulations. Innovative features like AvaProtect, which protects trades from losses, set AvaTrade apart from its competitors, making it a reliable choice for both beginner and experienced traders. For forex trading, Avatrade doesn’t charge any commission on any trade but is compensated through the bid-ask spread. If the spread is 3 pips on 1,000 units of a currency pair, then the compensation to the brokerage amounts to $0.30.

Is my money safe in AvaTrade?

To support global traders, AvaTrade Argentina supports multiple account types with transparent conditions. Review AvaTrade’s supported trading markets, asset classes, and instruments to expand your trading portfolio. Notably, AvaTrade runs regular account bonus programs to attract potential aspiring traders like you. Follow the points above for a detailed AvaTrade broker review for 2024.

Educational and Analysis Tools

• Experienced traders can save time by getting a clear view of the market, without having to perform daily research.
• After your account is approved by AvaTrade you will receive all the credentials needed to login to the platform.
• The most used trading platform on earth, MetaTrader 4 is usually the first preference for traders of all levels of skill and experience.
• AvaTrade stands out with its diverse platform offering, low trading fees, extensive trading tools, and comprehensive educational content.
• They’re regulated by authorities like the Central Bank of Ireland, FSA, ASIC, BVIFSC, FFAJ, FSC and FRSA.
• Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.

AvaTrade also stands out for its selection of extra tools to enhance the trading experience. The choice of copy trading solutions is particularly strong and makes the broker a good pick for aspiring traders and hands-off investors. Alternatively, a professional account is available to qualifying traders with benefits including increased leverage.

In short, the broker adjusts the price between the previous and the current contract. To stop the rollover you simply close the order before avatrade review the expiration date. AvaTrade provides their clients with CFD rollover, meaning they swap the expiring contract with a new one before the expiration day. AvaTrade Go comes equipped with clear charts; a comprehensive dashboard; easily understandable management tools; embedded guidance and feedback on your trading activity. It also has a fully customisable interface, interactive risk management and a money manager.

A spread is the difference between the instrument’s buy and sell price. AvaTrade customers will have to put up with spreads of varying sizes as each instrument has its own spread. As AvaTrade operates multiple subsidiaries, the investor protection amount differs depending on the regulator and the entity. For EU-based clients, the Central Bank of Ireland protects up to 20,000 euros should the broker become insolvent. When you deposit at least $1,000 you are automatically assigned a dedicated account manager to support you during your initial trades and investments.