Here are some of the forex pairs that you can trade on AvaTrade. CFDs are among the most common tradable assets you can find on eToro. When trading a CFD, you are not owning the underlying asset but speculating using its representation – a mirror of the asset’s real-time price movements. The Israel Securities Authority maintains its regulatory oversight in Israel, while the Middle East is covered by the Financial Regulatory Services Authority, which extends its services to AvaTrade.
- There’s no complicated jargon to navigate, and the platform is simple to understand.
- Introduced in Jan 2020, AvaProtect is an opt-in feature that allows you to buy guaranteed protection for a pre-determined timeframe.
- Understanding how to navigate the changing spreads will help you make informed decisions that hopefully lead to positive outcomes.
- I find the Analyst Views especially useful for helping discover opportunities.
- AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill.
It’s possible to add funds to your AvaTrade account via credit and debit card and wire transfer. There’s a minimum deposit required of 100 € (or equivalent avatrade review local currency). But, of course, there are many questions that need answers before you can determine whether AvaTrade is a good option for you.
Connecting with chat can be cumbersome, with requests at different times of the day answered by a live representative after a lengthy wait. Metatrader and AvaOptions web versions provide integration with desktop platforms. AvaTradeGO, featuring AvaProtect, offers an Android and iOS alternative to the plain vanilla Metatrader 4 Mobile. Traders can take spot and options positions through AvaOptions, a dedicated but basic platform that provides plain vanilla and complex hedging with streaming put and call quotes for a subset of forex pairs. It also offers a diverse set of strike prices and expiration dates.
Is AvaTrade Secure?
Negative balance protection is an excellent feature for retail traders who are gaining trading experience and learning how CFDs work. These are all social trading or copy trading tools that have features that allow you to automate the trading process by mirroring other traders’. While not yet as popular as MT4, it brings with it more powerful processing capability, a greater range of trading tools and the ability to trade exchange-traded derivatives such as stocks and ETFs. If you are new to trading and deciding between MT4 and MT5, then MT5 can be a smart choice as MT5 offer a longer-term solution as MT4 will phase out since MetaQuotes no longer offers new development for MT4.
With a comprehensive dashboard and plenty of data, you can access success rates, performance history, balance, and other vital statistics to help you make an informed decision. With all these resources at traders’ fingertips, it’s no wonder that AvaTrade has developed such a loyal following in the trading world. However, AvaTrade will charge a hefty inactivity fee if you don’t use your account. Bear in mind that this fee will kick in after you haven’t made a trade in three months, and it will continue to pile $/£/€50 on top of $/£/€50 every 3 months. Here, there isn’t a whole lot of flexibility; you can’t get price alerts or anything like that using the online trader. If you install the app, you can set up push notifications to be sent to your phone.
While we are independent, we may receive compensation from our partners for featured placement of their products or services. AvaTrade protects your investments using a number of different security features on all of its software and mobile applications. As for data protection, AvaTrade has a rigorous privacy policy and follows a number of data management protocols to protect your personal information and investment history. I have been trading with an AvaTrade STP account for over a year, and I have had nothing but positive experiences. They are very easy to use, and it feels like the support actually cares when I contact them.
In addition to 55 Forex Pairs, our AvaTrade review found a typical EURUSD spread is 0.9 and they offer 42 forex options and good risk management. Our full review found that AvaTrade to be one of the best for low-fee trading of stocks, crypto, and forex. AvaTrade also has a social trading feature that helps beginner traders get started with trading financial assets. EToro is one of the largest investment platforms in the world, I am sure you’ve seen some of their online ads around.
About AvaTrade
With social trading and a wide offering of educational tools, you will be able to wade in the shallow end, so to speak, before diving into the deep waters. You’ll also have peace of mind knowing that you are protected with AvaProtect if a trade doesn’t go as expected. If you have been a reader of MDJ for some time, you know that we generally go for safer investments. CFDs and forex trading require a high tolerance for risk, and ideally an investor of this type has money to burn. If you aren’t ready for that kind of action, AvaTrade likely isn’t for you.
For instance, which financial instruments am I able to trade, are there any hidden fees, is it a scam? It’s not subject to ESMA-mandated client account protection and leverage restrictions. AvaTrade is a privately held online forex and CFD (contract for difference) broker. AvaTrade has streamlined its account opening process to provide a hassle-free experience for prospective traders. AvaTrade does not burden traders with account maintenance fees, enhancing its cost-effectiveness. Forex enthusiasts can navigate the markets without worrying about extra commissions, as forex fees are built into the spread.
Vincent has been very helpful making sure my account setup went smoothly and that I have access to all the information I need to be a successful trader. Emma Hadar was exceptionally helpful and adept in guiding me through the account activation and fund deposit processes. She demonstrated a clear understanding of my concerns, promptly identified my errors, and provided accurate guidance.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Excellent bonuses, high leverage, immediate execution, tight spreads, 24/5 support and no commissions. The explanation was clear and I will definetly trade with Avatrade. AM GLAD ABOUT THE SUCCESS STORY I GAINNED FROM FINANCE CHARGE BACKA bunch of scammers.
AvaTrade caters to the needs of diverse client groups due to the options it provides in terms of its trading platforms/software and tradable asset classes. AvaTrade has a number of features that lead us to look at them favourably. While some brokers offer 5 to 20 options for deposits, AvaTrade stick only offers essential options. While this may not suit everyone, most traders should be fine with this.
AvaTrade Review – Conclusion
You also can’t use AvaTradeGO or MT5 for spread betting, which limits the range of markets (like shares) and features you can use (like AvaProtect). For this reason with think spread betting with AvaTrade compared unfavourably with brokers like Pepperstone and IG who allow you to trade using a wider range of trading platforms. Also, it provides an automated trading platform and conducts several free webinars for traders of all levels. Yes, the AvaTradeGo mobile app is reliable and offers access to all the investing tools and account management features needed to trade on the go. You can also access helpful services such as Market Trends which provides useful data based on other users’ trading behaviours and sentiment. Using AvaTradeGO can reduce risk, take advantage of market trends, and stay up-to-date.
AvaTrade Reviews
Further, users need not download or install; they can approach the web trading platforms from a PC. If the user has a stable internet connection, they can trade forex from anywhere. 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. AvaTrade has 300,000 registered traders who place more than 3 million trades each month and has executed more than $1.47 trillion in traded value since inception.
I also found the web platform easy to learn with a user-friendly interface. While not the cheapest broker I have tested, AvaTrade offers competitive fees. I was offered average spreads of 0.9 pips on major forex pairs while the spread to trade gold was $0.29 over market. After rigorously testing AvaTrade’s platforms, apps and tools, I’m happy to recommend this broker to traders looking for a tightly regulated broker with competitive trading conditions. AvaTrade excels in its choice of high-quality trading platforms. There is something for all experience levels, from beginners to seasoned traders.
AvaTrade boasts a comprehensive selection of tradable instruments, presenting traders with a myriad of avenues to diversify their investment portfolios. A notable highlight is its forex trading platform, which offers a vast array of currency pairs, spanning both major and exotic options. Those keen on commodities have the luxury to trade in everything from precious metals to agricultural products. In Forex Options, AvaTrade has its desktop trading platform for trading options. AvaOptions with Vanilla Options helps clients in options trading to create a portfolio, choose from over 40 currency pairs, and reward. It also has portfolio simulations and professional risk management tools.