Our team also appreciate that AvaTrade does not charge fees to deposit or withdraw from a live account. This means the key costs to take into account are spreads and swap fees. While using AvaTrade, we were offered spreads of 1.5 pips on the GBP/USD and 1 pip on the EUR/USD.

The variety is quite large, exotic commodities like orange juice are available with the MetaTrader 5. AvaTrade is backed by authorization from multiple top-tier regulators such as ASIC and MiFID, and has been awarded a high trust score of 94 by ForexBrokers.com. These credentials avatrade review assure traders of a secure and reliable trading environment.

Assets & Markets

You can access analysts’ opinions and trading ideas, as well as news streamed within the MT5 platform. All major indices are available, with 19 main indices in addition to several sector indices such as FAANG, AIRLINES, and GREEN ENERGY. However, the charting capabilities are slightly more limited compared to those of some rival proprietary platforms, like the one used by CMC Markets, for example. Commodity trading is subject to standard spread or “Spread Over Market.” For example, the typical spread for trading gold CFDs is 27 pips. If you are in a bit of a rush, here are some of the most important features of trading with AvaTrade that we like.

Company details

It’s got loads of helpful trading guides and customer support are always reachable when I need them. I got through to an agent on live chat within 3 minutes each time I tested the customer service. One major downside, though, is that a $2000 minimum deposit is required, which will put it out of reach for most beginners. Alternatively, there is a third-party copy trading solution, DupliTrade, which enables investors to follow signals and strategies in real-time.

The choice of copy trading solutions is particularly strong and makes the broker a good pick for aspiring traders and hands-off investors. AvaTrade also offers an intuitive mobile app, AvaTradeGO, which is free to download on Android and Apple devices. The application performed well during my tests, with a clean look and feel, dynamic charting and market sentiment data.

• If you still have doubts, here are our favorite alternatives worth taking a look at.
• These can be custom-built or accessed from a published library.
• The professional account is obtained by applying for it after one year of active trading, showing sufficient financial industry experience, and having a portfolio worth over 500,000 euros.
• AvaTrade offers mobile versions of their trading platforms and a special mobile app for trading (AvaTradeGo).

This means that you do not directly access international markets in the same way you would through an ECN style broker, but instead you trade based on parameters and pricing put in place by the broker. Another added benefit of trading as a professional at AvaTrade is the fact that they do not withdraw your negative balance protection as some other brokers do with professional traders. That, and the fact that your spreads improve, starting from 0.6 pips, make AvaTrade a great choice for experienced traders. Another popular account type choice with the broker, the Options account also has a minimum deposit of just $100 to get started. Here you will find quite a broad range of 40 forex options pairs to trade in.

An Array of Instruments for Varied Trading Ventures

The company is among the biggest and most trusted brokers in the industry, with designated support for every new client, competitive spreads, a fast and secure platform, and advanced analysis tools. Compared to AvaTrade, they offer a bigger amount of tradable assets and have better withdrawal and deposit options. AvaTrade has a mostly positive reputation among traders, who favour the broker for its user-friendly trading platforms and the wealth of educational resources available, particularly from the Ava Academy. Another popular feature is the AvaSocial platform, with traders praising how quick and easy it is to set up and the way it enables them to discover mentors, ask questions and copy trades. Moreover, a significant component contributor to AvaTrade’s positive reputation stems from its strong regulatory framework. The platform is regulated in multiple jurisdictions, providing traders with an important sense of security and trust in its overall operations.

Here you can find 27 topics including chapters for just about every type of technical indicator you should know. AvaTrade follows a strict Know Your Customer (KYC) process for withdrawal, this is to keep AvaTrade compliant with anti-money laundering processes. AvaTrade has a TrustPilot score of 4.7 out of 5 from 8,218 reviews.

From our experience, it is easier to understand trading with this app. In conclusion, AvaTrade offers any platform in which a trader needs to invest successfully in the financial markets. Especially if you are a new trader, complex tools and trading platforms can be overwhelming and difficult to navigate. But with the tutorials and articles, AvaTrade makes it really easy to get started with step-by-step videos you can follow.

Administration Fees

We now discussed the pros and cons of the broker in detail, and you should be able to make an informed choice if the broker is the perfect fit for you. If you still have doubts, here are our favorite alternatives worth taking a look at. Also available through the solution is a daily strategy newsletter, intuitive pattern recognition technology, plus a host of advanced indicators on over 115 forex charts. Trading Central also tracks 7000 media sources for investors interested in fundamental analysis. Additionally, the quality of market research tools should be valuable for anyone looking to stay ahead of market movements whilst on the go. I was impressed with the functionality of the charts, which have been well-optimized.

Is AvaTrade A Good Or Bad Forex Broker?

• AvaTrade has also partnered with Trading Central to offer powerful technical analysis and market insights.
• The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
• Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
• Each course offers up to 21 detailed lessons, with a varied structure made up of articles, videos, and quizzes to ensure that traders feel engaged while they learn.
• You can also choose to trade other sector indices such as the cannabis index.

This Top 10 Forex Broker maintains a legit presence across multiple jurisdictions, ensuring compliance, transparency, and trust. Our Ava Trade review highlights the reasons we consider AvaTrade legit, and the best trading platform for beginners and experienced professionals alike. Traders get to enjoy a local flavour with customised support options, a preferred selection of financial instruments, and tailored offerings for the rainbow nation. AvaTrade offers an exceptional range of educational resources to help you develop your trading skills, regardless of what level of  trader you may be. AvaTrade offers a solid range of financial derivatives for trading.

AvaTrade fees

Compare the markets and instruments offered by AvaTrade and its competitors. Please note, some markets may only be available via CFDs or other derivatives. I particularly rate the trading platform tutorials, with step-by-step video guidance and informative articles. In terms of accessibility, you can access both MT4 and MT5 from web, desktop or mobile applications. MT4 and MT5 are very similar when it comes to the design and layout of the interface. The traditional look and feel of the platforms may feel a little outdated to some, but the good news is that they are easy to navigate.

You can use the platform via your desktop computer or mobile device. The software offers to have flexible control over all orders you chose. AvaTrade offers to trade futures contracts or the cash market via CFD.

This entry was posted on Freitag, Dezember 22nd, 2023 at 18:58 and is filed under Allgemein. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.