AvaTrade is a reputable international business that is best recognized for providing a wide range of FX and CFD trading platforms as well as outstanding educational resources, both of which helped it earn a Best in Class rating for Beginners for 2022.
AvaTrade performed admirably during our testing for copy trading, was competitive on mobile, and was usually in line with market norms for pricing and research.
AvaTrade was established in 2006 as a global CFD and forex broker. Several prestigious financial regulators, notably the Central Bank of Ireland, oversee it.
Disclaimer: Due to leverage, CFDs carry a significant risk of losing money quickly. 71% of retail investor accounts that trade CFDs with this service experience losses. You should think about your understanding of CFDs’ operation and your ability to bear the substantial risk of financial loss.
Pros and drawbacks of AvaTrade
Opening an account is simple and entirely digital. AvaTrade provides a number of cost-free deposit and withdrawal methods. It also offers a variety of user-friendly tools for research and instruction.
On the other hand, the product lineup is constrained because it only includes forex, different CFDs (for stocks, indices, commodities, etc.), and cryptocurrencies. The market’s currency trading fees are not the most competitive, and inactivity fees are considerable.
Pros
• AvaTrade was established in 2006 and is licensed in three tier-1 and three tier-2 jurisdictions, making it a secure (low-risk) broker for trading CFDs and forex.
• In addition to MetaTrader, AvaTrade also provides its own platforms, AvaTrade WebTrader and AvaTradeGO, which include cutting-edge features like AvaProtect.
• Sentry Derivatives’ AvaOptions app offers AvaTrade customers a top-notch forex options mobile trading platform.
AvaTrade provides over 1,200 CFDs in addition to 44 FX choices.
• AvaTrade, which won Best in Class for 2022, provides AvaSocial, ZuluTrade, and DupliTrade for social copy trading.
In terms of professional traders, AvaTrade is rated Best in Class for 2022.
Cons
• Retail accounts’ prices are competitive with the industry standard, although they lag behind leaders.
• Compared to its mobile counterpart’s modern responsive design, the AvaOptions desktop platform loads slowly and has an antiquated interface.
• At least 351 of AvaTrade’s 1,260 accessible symbols are on hold for both the MetaTrader and WebTrader platforms.
• Trading Central modules, along with one or two daily articles and videos, serve as the sole source of research.
AvaTrade is it safe?
AvaTrade has a 93 out of 99 total Trust Score, which is regarded as low-risk. AvaTrade is authorized by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator but is not publicly listed and does not run a bank (low trust).
Fees and commissions
CFDs are complicated financial instruments that carry a high risk of losing money quickly because of leverage. Consider whether you comprehend how CFDs operate and whether you can afford to incur the significant risk of losing your money. 73% of retail CFD accounts experience a loss.
Even though AvaTrade’s spreads are slightly higher than those available on the entry-level accounts provided by CMC Markets and Tickmill, they are still near to the industry average at little under one pip (0.9 pips).
Professional traders: If you meet the requirements to be an elected professional trader, AvaTrade’s spreads are competitive at 0.6 pips and comparable to FP Markets.
Low trading commissions are offered by AvaTrade. Trading costs are simple to compute, and the price structure is quite straightforward. However, there can be other options if the cost levels for currency pairings are your top priority.
We are aware that comparing trading costs for CFD providers is challenging. So how did we go about making their costs transparent and comparable? By totaling up all the expenses associated with a typical trade for particular products, we compare brokers.
We’ve selected well-liked instruments from each asset class:
• SPX and EUSTX50 CFDs for stock indices
• Apple and Vodafone stock CFDs
• The EURUSD, GBPUSD, AUDUSD, EURCHF, and EURGBP currencies.
A typical trade entails purchasing a position with leverage, holding it for a week, and then selling it. We decided on a position size of $2,000 for the stock index and stock CFDs and $20,000 for the forex trades based on the volume. Our method of leveraging was
• 20:1 for CFDs on stock indices
• For stock CFDs, 5:1
• For forex, 30:1
Spreads, commissions, and financing expenses are all included in these all-inclusive benchmark prices for brokers. Let’s wait and watch how AvaTrade fees turn out.
Forex charges
AvaTrade forex fees are not the best on the market.
At AvaTrade, forex trading commissions are incorporated into spreads.
Plus, AvaTrade’s forex fees are incredibly transparent. The business provides a helpful Forex Calculator that enables you to quickly determine your next forex position:
1. Select the trading instrument.
2. Choose your account’s currency.
3. Select the preferred level of leverage.
4. Choose between buying and selling.
5. Set the conditions for your intended trade (volume, etc)
Nontransactional fees
Non-trading costs at AvaTrade vary. Deposits and withdrawals at AvaTrade are free of charge, and there are no account fees.
On the down side, after three consecutive months of inactivity, AvaTrade charges an inactivity fee of $50/€50/£50 (depending on the currency of your account). On top of that, an annual administrative fee of $100/€100/£100 will be subtracted following 12 consecutive months of non-use. These inactivity-related costs are rather hefty when totaled together in comparison to AvaTrade’s competitors.
Apps for mobile trading
Even if they aren’t quite as sophisticated as those offered by market leaders like Saxo Bank, CMC Markets, or TD Ameritrade, AvaTrade’s proprietary mobile apps nonetheless offer a mobile experience that will satisfy most traders (including beginners) (U.S. residents only). Despite this, AvaTrade continues to make minor advancements in this field and offers a broadly comprehensive range of apps.
Overview of the apps: AvaTrade offers the complete MetaTrader suite (MT4 and MT5) for Android and iOS smartphones in addition to its own proprietary mobile platforms, AvaTradeGO and AvaOptions.
Utilization: The AvaTradeGo app is very similar to its web-based cousin in terms of usability, and it includes both a comprehensive default set of syncing watchlists and a volatility protection tool known as AvaProtect. By partially hedging their position with a forex option, AvaProtect enables a trader to lower the risk on an open deal – for an additional cost.
Charting: The AvaTradeGo app’s charts have 93 indicators, but I discovered that getting to them required a few more steps. There are only three available chart kinds and no sketching tools. Integrated research and related capabilities are offered by Trading Central, reflecting what is provided by the web platform. AvaTrade’s mobile charts are generally nice, but they might be better.
AvaOptions: The AvaOptions app is well-designed and presents option-chain data in a distinctive way. The option I found to be really helpful in AvaTrade overlays strike prices over a chart and allows traders to modify the strike price by simply dragging it higher or lower. Additionally, 14 default options trading strategies are accessible, and choosing an option strategy causes the associated options contracts to be added immediately to the order ticket. One particular irritation forced me to handle my phone like a game controller because the entire app experience was presented in landscape mode.
Additional trading platforms
AvaTrade once again won Best in Class for Copy Trading in 2022 as a result of its broad selection of copy trading platform alternatives.
Overview of available platforms: AvaTrade provides the complete MetaTrader suite, ZuluTrade, and DupliTrade in addition to two proprietary platforms (AvaTrade WebTrader and AvaOptions) (accessible via WebTrader).
Charting: The WebTrader platform from AvaTrade’s charts offer 90 indicators, 13 drawing tools, 10 time periods, and 3 different chart formats. Despite this, WebTrader still has a long way to go before it can match the breadth and high caliber of features offered by proprietary platforms from market titans like IG, Saxo Bank, and CMC Markets. For instance, I found a platform flaw that made chart data seem compressed. As a result, I frequently discovered that in order to decompress the costs, I needed to continuously zoom out by sliding up or down.
Trading resources: I thought the responsive interface of AvaTrade’s own WebTrader platform was beautifully designed. AvaTrade got our prize for #1 Innovation in 2021 as a result of how quickly it developed into a new platform. I was particularly happy to see that Trading Central’s range of trading tools had been seamlessly included into the platform. Although the smartphone version is the only one with alerts, both platforms have the AvaProtect feature.
Copy trading: AvaTrade has been able to compete with market leaders like eToro and Pepperstone because to its consistent development in upgrading and expanding its copy trading product. ZuluTrade, DupliTrade, and the native Signals market in MetaTrader are all available through AvaTrade. AvaTrade also introduced AvaSocial in the UK as a result of its collaboration with Pelican Exchange.
AvaOptions: AvaTrade offers AvaOptions, its desktop and mobile FX options platform, to options traders who make a deposit of at least $1,000. Users must set up Microsoft’s.NET Framework 3.5 SP1 in order to utilize the desktop version, which is only compatible with Windows. Even I, a seasoned trader, found the platform design to be convoluted. The platform needs a redesign because it is obviously designed for pros.
Research
Access to Trading Central research modules is provided by AvaTrade, which also creates daily in-house research content in video and article format. Although AvaTrade has made progress in this area, its research offering still falls short of what the top forex brokers have to offer.
AvaTrade supports ZuluTrade, AvaSocial, and DupliTrade for copy trading, but Trading Central stands out as the company’s research offering’s key feature. An economic calendar, live news, and a number of Trading Central-powered services are all directly incorporated into the AvaTrade web platform. These features include Market Buzz, Analyst Views, and Featured Ideas tools (available in MT5).
Market information and analysis: AvaTrade publishes daily market analysis blog posts as well as daily market video updates on its Vimeo and YouTube channels.
Education
AvaTrade offers a wide variety of educational materials from its own internal team, the SharpTrader brand, as well as from outside sources like Trading Central. AvaTrade came in second for Education and won Best in Class in our 2022 evaluation.
AvaTrade’s website has 103 in-depth articles that address both basic and more complicated subjects. AvaTrade offers in-depth training that are divided up according to skill level as part of its SharpTrader offering. These courses offer progress monitoring, integrated quizzes, and both textual and video content.
The 48 instructional videos from AvaTrade cover a wide range of topics and delve into specialized topics like Donchian Channels (what they are, and how traders can use them). In order to complete its service, AvaTrade now posts and saves video webinars to its Vimeo and YouTube channels.
Account creation
At AvaTrade, opening an account is simple and entirely digital. Trading can be initiated in a matter of minutes.
AvaTrade accepts customers from practically every nation, with the exception of the US, Canada, Belgium, and Iran. Although we haven’t tried their services, AvaTrade is known by the moniker Atrade in Israel.
What is AvaTrade’s minimal deposit amount?
The minimum deposit amount for AvaTrade is $100, and it can be made with credit/debit cards, wire transfers, or e-wallets.
Types of accounts
The following account types are offered by AvaTrade:
• Retail account (EU)/Standard account (the rest of the world): An individual owns the account.
• Corporate account: held by a company or other legal body
• Account with AvaOptions for trading FX options
Only available in the UK and Ireland is the spread betting account.
• An Islamic account that complies with Sharia law and is swap-free
If you have trading experience, you can ask AvaTrade to open a Professional Trading account for you, which has a larger leverage than the Standard account. You must meet these requirements, including holding a portfolio value of at least €500,000, having adequate trading activity over the last 12 months, and having relevant expertise in the financial sector.
Also available is a demo account.
We examined the EU retail account for this review.
Steps for creating an account
Similar to most other CFD/Forex brokers, opening an account is quick and simple:
1. Enter a few personal details (you can use your existing profiles on Facebook or Google as a shortcut)
2. Please include details about your income, savings, and employment.
3. Describe your trading experience, knowledge, and objectives by responding to a few questions.
4. Upload copies of your ID card, driver’s license, passport, as well as a current utility bill or bank statement to prove your identity and place of residence.
Cash in and cash out
AvaTrade provides a number of free deposit and withdrawal methods. The drawback was that withdrawal took 3 business days.
Currency bases for accounts
The following base currencies are available at AvaTrade: USD, EUR, GBP, CHF, AUD, and ZAR. Only Australian customers can use AUD.
This option is comparable to those offered by other brokers.
Why is this important? due to two factors. First off, there won’t be a currency conversion fee if you fill your account in the same currency as your bank account. Second, there won’t be a conversion fee if you trade assets in the same currency as your account base currency.
Opening a multi-currency bank account at a digital bank is a practical approach to save currency conversion expenses. They typically provide free or inexpensive international bank transfers along with bank accounts in a variety of currencies with excellent currency exchange rates. On your phone, opening an account just requires a short amount of time.
Options and fees for deposits
There are no deposit fees with AvaTrade. You can utilize electronic wallets, such as the ones listed below, in addition to bank transfers and credit/debit cards to make a deposit (though some country limits typically apply):
• PayPal
• Neteller
• Skrill
• Klarna
• Webmoney
• Payments via POLi
• Boleto
• Ideal Money
Please be aware that while deposits made with credit or debit cards typically happen instantly, your first one can take up to one business day to complete (it took us about 4-5 hours). This is due to the security check that AvaTrade does on each card when it is used for the first time.
If bank transfers are your preferred method, this can take several business days. Only funds from accounts that are in your name may be deposited.
Withdrawal choices and costs for AvaTrade
There are no withdrawal fees at AvaTrade. The same methods are available for both deposits and withdrawals.
In general, withdrawals can only be made using the same payment methods that you used to fund your account. For instance, if you made a $1,000 credit card deposit earlier, the initial $1,000 you withdraw must be sent to your credit card before you can withdraw further money using any other method (such a bank transfer). Due to anti-money laundering laws, comparable brokers must abide by this requirement relatively frequently.
How much time does it take to get money out of AvaTrade? Debit card withdrawal took three business days when we tested it.
Only accounts with your name on them are eligible for withdrawals.
How can money be taken out of AvaTrade? Follow these steps to withdraw money from AvaTrade:
• Open your AvaTrade account and log in.
• Select “Withdraw” from the top-left corner’s primary menu.
• Choose your withdrawal method.
• Include the sum you want to withdraw.
Internet trading platform
The user-friendly, well-designed web platform of AvaTrade features a special order type to shield you from losses. Customizability, two-step login, and price notifications are all missing, though.
There are various trading platforms available through AvaTrade:
• WebTrader, AvaTrade’s proprietary trading interface
• MetaTrader 4, a trading platform used by third parties.
• MetaTrader 5, a trading platform used by third parties.
• AvaTrade’s own trading platform for CFD options, AvaOptions
Due to their popularity among consumers, we evaluated WebTrader, MetaTrader 4, and AvaOptions for this evaluation. Our evaluation of the WebTrader platform served as the foundation for our scoring and Pro/Con list.
It should be noted that the majority of ETF CFDs and individual stock CFDs can only be traded on the MT5 platform, not MT4 or WebTrader.
Webtrader
English, Dutch, Hungarian, Swedish, Thai, Indonesian, German, French, Chinese, Polish, Spanish, Portuguese, Italian, Arabic, Mongolian, Russian, Turkish, and Japanese are just a few of the languages that Webtrader is available in.
Examine and feel
Webtrader is a well-designed, user-friendly program. The platform is easy for beginners to use. However, it is not adaptable; for instance, the size and placement of the tabs cannot be altered.
Passwords and security
Only one-step login is available on WebTrader. An additional layer of security would be offered by a two-step login process.
Search capabilities
The platform’s search capabilities are effective. You can perform a search by picking one of the asset categories or by beginning to input the name of an asset.
Putting in orders
You can only use the following order types:
• Market
• Limit
• Stop
Read this description of order kinds to gain a better understanding of these words. You can also utilize the Good ’til time (GTT) order time limit to specify the precise day and time that an order will expire.
AvaProtect, a special tool provided by AvaTrade, is essentially a hedge or insurance you may purchase for a set charge depending on how long you want your trade to be guaranteed (1 hour, 1 day, etc). AvaTrade will cover your losses if you incur any in such trade. Keep in mind that only market orders can use this function; limit orders cannot.
Notifications and alerts
You cannot, regrettably, configure price alerts and notifications.
Reports on fees and portfolios
Clear portfolio and fee reports are provided by AvaTrade. They are located in the “History” section. Clicking on your positions will also reveal the swaps that have been charged.
TradeStation 4
Extraordinarily many languages are offered for MetaTrader 4.
Examine and feel
MetaTrader 4 can be highly customized. The tabs’ dimensions and placement are both freely adjustable.
The platform, however, appears old and several features are difficult to locate. For example, it took us a while to find out how to add an asset to the watchlist.
Passwords and security
Similar to the WebTrader platform, MetaTrader 4 only offers a one-step login process. A more secure authentication method would be two-step.
Search capabilities
The search options work properly. Assets are organized into categories. We did not, however, use the customary search feature where you may manually key in the name of an asset.
Putting in orders
Only simple order types are permitted. Orders like the “one cancels the other” order are not extremely complex. There are several order kinds available:
• Market
• Limit
• Stop
Read this summary if you are unfamiliar with order kinds.
You can use the following order time limits:
• Effective until canceled (GTC)
• Up until time (GTT)
Putting in orders
Only simple order types are permitted. Orders like the “one cancels the other” order are not extremely complex. There are several order kinds available:
• Market
• Limit
• Stop
Read this summary if you are unfamiliar with order kinds.
You can use the following order time limits:
• Effective until canceled (GTC)
• Up until time (GTT)
AvaOptions
AvaTrade’s own options-focused platform is called AvaOptions. The only language for the platform is English.
Examine and feel
AvaOptions is a user-friendly platform with excellent design. You can quickly choose the underlying asset and trading method you want to use. But you can’t change the size or arrangement of the different sections, for instance.
Passwords and security
Similar to the WebTrader platform, AvaOptions only offers a one-step login process. A more secure authentication method would be two-step.
- Search capabilities
- The platform’s search engine performs efficiently. You can search by only beginning to type the name of an asset.
- Putting in orders
- You can first choose from a variety of option trading tactics.
- Notifications and alerts
- You cannot, regrettably, configure price alerts and notifications.
- Reports on fees and portfolios
Clear portfolio and fee reports are provided by AvaTrade. They are located in the “History” section. Clicking on your positions will also reveal the swaps that have been charged.
Trading platform for mobile
The AvaProtect insurance program is one of the many useful features of AvaTradeGo, a cutting-edge, simple-to-use app. The app is only available in English, and there are few different order options.
Three mobile trading platforms are provided by AvaTrade:
• The company’s own mobile app, AvaTradeGO
• AvaOptions, AvaTrade’s own mobile forex option trading app
• MetaTrader 4, a trusted external trading platform.
The platform that most clients utilize, AvaTradeGO, was put to the test for this evaluation. Both iOS and Android are supported. On Android, we tested it.
AvaTradeGO is exclusively available in English, unlike the MetaTrader trading platforms.
Examine and feel
The AvaTrade mobile trading platform is attractive and simple to use.
Along with the standard smartphone features like search and alarms, the app also includes educational videos and live chat for customer service.
Passwords and security
AvaTrade only offers a one-step login by default. However, you can also set up PIN code or biometric authentication for more ease.
Search capabilities
The software has effective search capabilities. A list of results that are pertinent to your search appears when you type the name of an asset. Another option is to look through the different asset categories.
Putting in orders
You can only use the following order types here, just like on the web trading platform:
• Market
• Limit
• Stop
The AvaProtect insurance option is also available on the mobile app, just like it is on the web platform.
You can use the following order time limits:
• Until canceled; good (GTC)
• Up until time (GTT)
Notifications and alerts
You can configure price alerts to receive push notifications. You can also choose an expiration date for these alerts and notifications.
Mobile AvaOptions
AvaTrade’s AvaOptions are also accessible on mobile platforms. It has the same features as the browser version, however occasionally it can seem awkward.
Examine and feel
The AvaOptions app and website are identical. Despite being a mobile platform, it is beautifully designed and has many capabilities, but using a mobile device to browse the platform can be challenging. You can only view the platform in horizontal mode to begin with.
- Passwords and security
- Similar to the WebTrader platform, AvaOptions only offers a one-step login process. A more secure authentication method would be two-step.
- Search capabilities
- The platform’s search feature is difficult to locate. To edit, tap the pencil icon under the Ava logo in the top left corner.
- Putting in orders
- The same options strategies and trade information are available on AvaOptions mobile as they are on the web platform.
- Notifications and alerts
- You cannot, regrettably, configure price alerts and notifications.
- Reports on fees and portfolios
Clear portfolio and fee reports are provided by AvaOptions. They are accessible in the “My Account” and “History” sections. Clicking on your positions will also reveal the swaps that have been charged.
Trading platform on a desktop
The MetaTrader 4 desktop platform from AvaTrade is essentially identical to the MT4 web platform in terms of style and functionality. The ability to set price alerts on the desktop platform is a significant distinction.
As desktop trading platforms, you can utilize MetaTrader 4, MetaTrader 5, and AvaOptions. The latter is exclusively used to trade currency options.
Because it allows traders to trade more than only FX options, we tested the MetaTrader 4 desktop trading platform for this study.
It is identical to the MT4 web trading platform in terms of design, language support, order types (trailing stops are also available), search functionality, and portfolio and fee reports. These reports are accessible by right-clicking on a position and selecting “Save as Detailed Report” from the “Account History” menu.
The primary distinction is that on the desktop trading platform, you can configure alerts and notifications in the form of mobile push and email notifications. You must enter your email address and mobile MetaQuotes ID (found in the settings of the MT4 mobile app) in order to set email or mobile notifications. If you select ‘Tools’ and then ‘Options,’ you can add them.
Products and markets
Only FX and CFDs, including stock, index, currency, and commodities CFDs, are available with AvaTrade. Other well-liked asset classes, including actual equities, are not offered.
Disclaimer: Due to leverage, CFDs carry a significant risk of losing money quickly. 71% of retail investor accounts that trade CFDs with this service experience losses. You should think about your understanding of CFDs’ operation and your ability to bear the substantial risk of financial loss.
While simultaneously being a forex broker, AvaTrade also provides certain CFDs. Check out our CFD trading recommendations to find out more about CFDs.
The range of currency pairs offered by AvaTrade is reasonable and comparable to those of its main rivals. Individual stocks and ETFs are only moderately covered by CFDs. The majority of these stocks cannot be traded on the MT4 or WebTrader platforms; they can only be traded on the MT5 platform.
Japanese and European government bonds are included in bond CFDs. AvaTrade allows you to trade the VIX index, in contrast to many other brokers.
FX options are further accessible via the AvaOptions platform. You can trade more than 40 different instruments at AvaOptions. You’ll require a different account from the main account for this.
Robotic Trading
Through DupliTrade, AvaTrade offers automatic trading. The smallest down payment is $2,000
Research
User-friendly research tools are available at AvaTrade, including trading ideas and a great newsfeed. We simply failed to include stock market fundamental information.
AvaTrade offers various locations for research tools:
• Trading platform WebTrader
• MetaTrader trading platform
• Trading website AvaOptions
• Website
We used WebTrader to examine AvaTrade’s research tools since we believe they are the best. The same languages as the WebTrader trading platform are also available in the user-friendly research tools.
Trading concepts
Through Trading Central, a third-party research provider, AvaTrade offers trading suggestions. The concepts, which include specific commodities, stock indexes, and the majority of FX pairings, are solely based on technical analysis. If you select “Trading Central,” “Analysts Views,” or “Forex Featured Ideas,” you can locate them.
Basic information
The economic calendar on AvaTrade is the best resource for accessing fundamental data. For instance, if you see that a Bank of Canada interest rate decision is approaching, you may click the “impact” button and examine how the USD/CAD price changed after previous decisions. This tool helps you to assess historical volatility and trends.
Feed of news
The Trading Central news feeds for AvaTrade were good. They are listed in the “Market Buzz” section.
You can filter the news streams for a particular asset, and you are also given the asset’s sentiment score. For instance, if every article is bullish or good, a 100% positive score is awarded.
A tool called Trend Analysis is also available, and it blatantly states if an item “could fall” or “may climb” x% or y%. The headline, which can be a little sensational, is based on technical analysis performed by AI algorithms and is also included among trade recommendations.
Overall, we wouldn’t claim that the quality of the information supplied in “Market Buzz” is sufficient to serve as the foundation for your trading decisions, but it is still far more valuable than the news feeds provided by other MetaTrader brokers.
AvaTrade also publishes daily market updates on its blog. It features the types of content you can find at many other websites, including news (current affairs, including politics and the economy), regular market commentary provided in videos, where they also demonstrate some technical setups and analysis.
Consumer assistance
AvaTrade offers excellent customer service, providing timely information in a variety of regional languages. On the down side, help is only offered 24 hours a day, five days a week.
You can reach AvaTrade by way of:
Live chat
• phone
The live chat on AvaTrade is excellent. We didn’t have to wait around for very long to speak with a customer service representative.
We received pertinent and thorough responses. You can talk in many other languages besides English, such as Arabic, Chinese, French, Italian, German, or Russian.
Phone support from AvaTrade is acceptable. You won’t need to dial an international number because the website has a comprehensive list of local phone numbers for the majority of nations. When we called customer service, we occasionally got through to a person right away (in English), but other times the call was dropped after waiting for more than three minutes.
Our emails were answered within a day, which is fairly quick. On one case, though, the response we got only pointed to a link rather than providing a straight response to our query.
Our 24-hour accessibility was missed. Even though AvaTrade’s customer service is only available 24/7, it is nevertheless regarded as being extremely good.
Education
AvaTrade provides a demo account in addition to a wealth of excellent educational resources.
The education area of AvaTrade is excellent, providing many possibilities to learn about trade fundamentals, economic indicators, or charting.
The following methods of learning are available:
• Trial account
• Videos for platform tutorials
• Common educational movies
• Reliable instructional content
• Webinars
You’ll discover a sizable selection of videos in the video library, the majority of which are of excellent quality. Additionally, AvaTrade regularly hosts webinars.
AvaTrade is it governed?
Yes, it is governed by a variety of international agencies, including some prestigious ones:
• the Irish Central Bank
• The British Virgin Islands Financial Services Commission
Australia’s Securities and Investments Commission (ASIC)
• South Africa’s Financial Sector Conduct Authority (FSCA)
• Japan Financial Services Agency (FSA)
• The Japan Financial Futures Association (FFAJ)
• The Financial Services Regulatory Authority of Abu Dhabi Global Markets (ADGM – FSRA)
Securities Authority of Israel (ISA)
Additionally, under the AvaTrade EU authorisation, which has been approved by the Polish Financial Supervision Authority, AVA Trade EU Ltd runs a Polish Branch.
AvaTrade is it safe?
It is best to verify two things in order to be sure:
• How you will be safeguarded in case of emergency
• What the broker’s background is?
How you are safeguarded
Depending on where you live, one of AvaTrade’s subsidiaries will be able to assist you. This is crucial.
Background
In 2006, AvaTrade was launched. The more experience a broker has, the more evidence there is that it has successfully weathered prior financial crises.
AvaTrade’s long history and regulation by numerous agencies, including some prestigious ones, are both excellent indicators of its security.
To sum up
AvaTrade is regarded as secure because it is governed by numerous organizations on a global scale, including the esteemed Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC).
We appreciated how easy it was to open an account. There are numerous ways for deposits and withdrawals, all of which are cost-free. We also appreciated the availability of a variety of user-friendly research tools.
However, AvaTrade has significant shortcomings. The only available products are forex, CFDs, and cryptocurrencies, and there is a steep price for inactivity. Finally, if forex trading expenses are your main issue, there are better options.
Feel free to try AvaTrade because there is a low minimum deposit requirement and your account will be prepared for trading promptly.
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