AvaTrade review by Forex Peace Army- Is it a good Forex Broker?

September 11, 2020

Anna Shaffer

Market Expert

Assistant Director, Savills Studley

DC/MD/VA Licensed Real Estate Broker

Call 202-540-5509

trading experience
investment industry regulatory

Trading courses and other educational materials are offered through Sharp Trader. Well-organized tutorials are segmented into beginner, intermediate, and advanced topics, offering logical paths to skill building. A broad variety of general articles covers all sorts of market topics, as well as tutorials on trading platforms. It charges a $50 fee after three months of account inactivity and a $100 administration fee after one year of inactivity. No withdrawal or closure fees are listed in the marketing materials, but the legal documents noted fees for bank transfers and credit card transactions.

The AvaTrade customer support team are available 24/5 and multilingual, speaking an impressive 14 languages. Wherever you are located in the world, there will be someone on hand to assist you via live chat, phone or email. There is also a useful help centre on the website that covers some of the most commonly asked questions which may answer your questions. I have always received excellent support from AvaTrade in the many years that I have held an account with them. The AvaTrade economic calendar enables you to stay on top of the most important news releases that can have an impact on market movements and asset prices.

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40 of these currency pairs are also available for trading as options through the AvaOptions trading platform. AvaTrade has a good range of forex trading available with 60 forex currency pairs to choose from. The spread here is also very competitive starting from 0.9 pips as a fixed spread. The only exceptions here may be if you are making a wire transfer, in this case you should check with your bank on any fee they may charge. Also, if you are depositing in a different currency that is not a base currency of the broker, then you may incur a small conversion fee.

⓽ Countries excluded from trading with AvaTrade

This can be a great tool when used as part of your fundamental avatrade review. You can get a daily strategy newsletter that covers both fundamental and technical analysis, delivered directly to your inbox to help you start your trading day in the right way. This newsletter includes market insights and expert opinions on market direction which can be combined with your own analysis to inspire trading ideas.

tools

You will find everything from the basic of trading to platform tutorials, market analysis and how to create a trading plan. In addition, they also have a handy trading glossary, eBook, economic indicators and trading strategies. AvaTrade have low spreads, starting from 0.9 pips on currency pairs and 0.13% on stocks. The spread is the difference between the buy/sell price of a particular trading instrument and is a typical fee charged by most brokerages.

What is AvaTrade Leverage?

AvaTrade offers several free options for deposit and withdrawal. If you are an experienced trader, you can request AvaTrade to open a Professional Trading account for you, where the leverage is higher than in the Standard account. This requires that you have relevant experience in the financial sector and sufficient trading activity in the past 12 months, and hold at least €500,000 portfolio value. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all fees of a typical trade for selected products. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

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AvaTrade Ltd is extremely good in this regard; it’s regulated in the European Union, Australia, South Africa, United Kingdom, and so on. It’s a critical question for me, as I see it, as it’s the most important for every trader. How can I trade with a brokerage if there are doubts about its reliability? I don’t know how you deal with this, but I can’t trade in such high risk conditions. After reading through various user reviews, my choice was obvious – AvaTrade, as it is regulated and, as a result, a trusted brokerage even in South Africa.

What is the minimum deposit at AvaTrade?

Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies . The range of markets available at AvaTrade will depend on which trading platform you choose, and which of the brand’s global entities holds your account. AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold.

  • The broker takes all reasonable steps to ensure that there is no delay between you placing a deposit or withdrawal request and the transaction being processed.
  • The withdrawal process on average takes only one or two working days for withdrawals issued via credit card and other e-payment systems.
  • The conversion fee do depend on the base currency, payment provider and receiving currency.
  • However, five of its trading platforms are MetaTrader 4, MetaTrader5, DupliTrade, AvaOptions and WebTrader.
  • A trader can choose the order types as per his preferences and financial condition.

The minimum deposit if you want to get started with AvaTrade is $100. This is great value for both new and experienced traders in the industry. An important aspect of any broker, it is very clear that AvaTrade values all of their traders’ development highly.

When the https://forex-reviews.org/ goes down, your trade is protected and AvaTrade safe from any market fluctuations during that specific period. Simply put, the amount will be reimbursed by AvaTrade if the user’s accounts lose money at the end of the protected period directly to the trader’s account with AvaTrade. This team gives highly competitive spread and a huge range of assets AvaTrade, daily market analysis research instruments, affiliate programs & 0.9 pips is an average spread cost. AvaTrade is one of the most regulated online brokerages in the world, with over 9 bodies overseeing its work, across 5 different continents. Such licences make it possible for them to offer their financial products and services to an international audience; they have clients from all over the world.

Watch markets develop in real time with this unique feature, offering a quick way to monitor social trends from the AvaTrade vibrant traders’ community. Its technological capabilities help you gain access to key financial information for clear analysis on what matters each and every day. I like to include this as part of my analysis before making any trades. To help you make better and accurate decisions all your trading instruments are connected to show you insights, what other traders buy & sell , trading behaviours, and visuals with up-to-date info. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

As a spread betting trader with AvaTrade, you will have access to more than 200 assets including in forex, commodities, indices, equities, bonds, and ETFs. The minimum trade size remains accessible too at just 0.1 standard lots. It does not charge any trading fees, deposit fees, or withdrawal fees and bears all the trading costs. The Ava Trade online trading platform was created to empower people to place trade confidently by identifying and averting the situations that might make them lose money. Traders should begin trading CFDs only when they understand how CFDs work and consider whether they can take the high risk of losing their money. The AvaTrade platform can be used by beginners, and AvaTrade offers a simple and intuitive front-end that is backed by dedicated customer support & account manager team.

To have a clear overview of AvaTrade, let’s start with the trading fees. They are very well-respected as one of the best brokers for fixed spread trading in the world. The majority of charting and trading tools available with AvaTrade come from MetaTrader. Since AvaTrade operates primarily as a CFD broker, the overnight fee is charged on basically every asset if you are holding it overnight.

To top it off, AvaTrade offers AvaProtect, which means that investors can use tools to protect against possible investment losses. In our AvaTrade review, we’ll be covering all you need to know, including product offerings, a breakdown of the fees, and the quality of the tools and platform. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

risk management tool

Kindly send to your account number and claims and we will check what have happened. There are not too many deposit methods on AvaTrade, and they include bank wire, debit card & credit card transfer, and e-payment methods. Keep in mind that some might not be available in your region though.

wire transfer

For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector. You will be glad to find that AvaTrade does allow for a variety of trading techniques. This includes both scalping and hedging as well as algorithmic trading with EAs catered for through the MT4 trading platform.

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