AvaTrade is a recognized Forex and CFDs broker part of the AVA group. AvaTrade was founded in 2006 and is one of the oldest online brokers in the world. As a broker, it has several certifications and awards, and it provides a wide range of financial instruments for all the traders.
AvaTrade’s investors can choose from several instruments such as
In this review, we will provide you with all the information you need to know to decide if AvaTrade is the best choice for you.
AvaTrade is a highly recommended and strictly regulated forex broker. It counts with significative support of several regulatory financial institutions:
All these regulations make AvaTrade one of the most controlled and safe brokers in the world. For this reason, it is a trustworthy and excellent Forex and CFDs broker.
AvaTrade offers many instruments and each one of them has different leverage. This also depends on the platform you may use. In MetaTrader 4 and MetaTrader 5, the leverage goes up to 1:400.
It is important to know the characteristics of your account in order to know what kind of leverage you need. Forex trading is a risky financial activity and you must know how the different leverages work.
AvaTrade does not charge traders any commissions. However, this is compensated through the bid-ask since there may be high spread margins.
The broker charges a $50 fee if the account remains inactive for 3 consecutive months, which is deducted from the account. There is also a $100 fee if the account remains inactive for 12 consecutive months.
Some other additional fees may include swaps, overnight interests, corporate actions, among others.
AvaTrade provides a wide variety of deposit options for their clients. Payments can be made and managed via Neteller, Skrill, Paypal, WebMoney credit cards (Visa, Mastercard), and wire transfer. The minimum deposit requirement is $100.
There are no deposit or withdrawal fees.
In order to withdraw money, the trader should use the same payment method used to fund the account. Withdrawals might take up to 5 days to be processed.
The minimum deposit into your trading account depends on your base currency and your location. If you have a USD, EUR, GBP, and AUD account, for instance, a minimum deposit of $100, €100, £100, and AUD 100, respectively, would be required.
AvaTrade normally offers two account types to most of its traders: a standard account and a demo account. The standard account only requires $100 in order to be opened via credit card, or $500 via wire transfer.
The demo account has over $100 000 in funds that let you get used to the platform without any real risks. This account offers you the same instruments as the standard version. Yet, it is worth mentioning that this account may remain operative only for 21 days.
There is also a special account offered to Muslim traders that has a swap-free option.
AvaTrade has four membership types: silver, gold, platinum, and AVA select. All account types offer quality educational tools and training, customer support, an AVA debit card, and a margin protection program.
AvaTrade has excellent customer support, which provides information about any requirement in different languages. Their customer support is a responsive and intuitive platform where all clients can access via the AvaTrade website.
The best of this service is that you can receive support in your own language, in case you may require assistance. Over 14 languages are supported.
AvaTrade operates with MetaTrader 4 and MetaTrader 5, two of the most known and used forex trading platforms worldwide.
Furthermore, AvaTrade has a native platform used for managing your operations: AvaTradeGO. The company additionally offers other solutions such as AvaOptions and automatic trading.
AvaTrade is available for Windows, Mac, and mobile phones.
AvaTrade has a wide variety of educational resources to satisfy all the needs of its traders. There are several comprehensible tools for beginners and advanced users. Additionally, this trading broker also has a market news section, economic indicators, and professional trading training for all of its users.
Moreover, AvaTrade has a blog with plenty of up-to-date significant information about financial markets, trading strategies, and new trading approaches.
AvaTrade offers videos, eBooks, webinars, among others. It also has a solid FAQ section with answers to the most common trading and financial market questions.