This is charged at $50 if you have not logged in to your account and been active for a period of three months. Here is an example of some AvaTrade retail fixed spreads on popular markets. Of course, fixed spreads tend to be slightly higher than variable spreads, but the positive point is they do not change with the market, and so you always have an accurate picture of your trading costs. Again, the only exception here may be from your bank side if there is a wire transfer, or a currency conversion fee that may be in place.
Copy Trading Review
- Alternatively, a professional account is available to qualifying traders with benefits including increased leverage.
- AvaTrade also offers a demo account to its clients, which can be used to test first-hand the different trading platforms offered by the broker.
- Information on cash segregation methods, pricing, execution speed, or any recent regulatory oversight is not easy to find published on the website.
- In summary, I think the AvaTradeGo app is a great tool for beginners who are already familiar with the WebTrader platform and want to switch seamlessly between devices.
- The overall ratings are a weighted average of the weighted criteria, ensuring a balanced and fair assessment.
- Trading Central also tracks 7000 media sources for investors interested in fundamental analysis.
Unlike CFDs, spread betting gives you the advantage of trading without capital gains tax and stamp duty. Traders in the UK, Europe and UAE) who work in the finance industry, manage a financial portfolio or make regular trades of significant size can apply for a professional account. With this account, you will be able to access leverage in line with the available traders with a Standard Account. 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.
It presents an excellent risk management tool, provides vital trading information, and allows traders to plan and maintain their portfolios. AvaTrade offers clients its in-house developed risk management tool AvaProtect, which insures against losing trades, for a fee, allowing traders a further option to hedge their risk. Traders must consider if the product and services portfolio at AvaTrade warrants higher trading costs, which remains an individual decision. I also want to point out the recurring inactivity fee of $50 after three months of dormancy, faster than most brokers but not an issue for active traders.
I always recommend that traders check them before evaluating the total trading costs. I’m new to online trading and have found AvaTrade a great place to start. It’s got loads of helpful trading guides and customer support are always reachable when I need them. Alternatively, there is a third-party copy trading solution, DupliTrade, which enables investors to follow signals and strategies in real-time. I found that the tool can be linked directly to an MT4 account for simplicity. Available for iOS and Android devices, clients can interact with other traders via community channels to ask questions on specific strategies or seek out a trading mentor.
On mobile though, just 6 languages are supported including English, French, and German. AvaTrade also offers one other unique product and feature that we can now take a closer look at. The majority of charting and trading tools available with AvaTrade come from MetaTrader.
AvaTrade Reviews 10,297
He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. It is an extremely unique feature that is utilized by all types of traders, but may be perfect for new traders still getting to know the market too. The platform also has many charting and analysis tools built in, and although it is slightly less customizable than MetaTrader, it still represents a great trading platform choice.
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- With this account, you will be able to access leverage in line with the available traders with a Standard Account.
- Trustpilot reviewers gave it a rating of 4.5 out of 5 on over 8,500 reviews.
- Whether you are a new trader or an expert, it’s important to be able to get in touch with customer support as easily as possible.
- 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.
- He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
AvaTrade added Ava Futures, its dedicated futures trading offering on the MT5 platform. Futures traders get 50+ contracts listed on the CME and EUREX with low contract fees between $0.75 and $1.75 per contract. Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. Tobi’s main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and avatrade review Investing.com, where his expertise in Forex markets and digital assets is widely recognized.
There are several key features that make AvaTrade a popular choice among all types of traders. 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 second measure in place is to ensure that all of your funds as a trader are held in segregated accounts. This means that in the event of any negative events like bankruptcy or insolvency happening to the broker, your money would remain completely protected. You may also be put off here by the relatively high minimum deposit needed.
The broker is fully authorised by multiple tier-1 regulators across the world, meaning it maintains strict adherence to stringent operational standards. Additionally, the broker’s flagship Ava Academy takes the form of a dedicated website section providing a wide selection of trading courses. Traders can access complimentary trading courses on a diverse range of subjects including forex, commodities, cryptocurrencies, stocks, indices, bonds, and ETFs.
MetaTrader Platform
This is a risk management tool that ensures traditing positions are protected against losses. To use this, it’s important to select the specific period that the feature needs to be active for; that way, trades are fully protected during that amount of time. One of the biggest advantages of choosing AvaTrade is the range of accounts on offer. These cater to all ability levels and offer features across the board. Additionally, the affiliate program is an option for those who want to expand earnings. Traders get to enjoy a local flavour with customised support options, a preferred selection of financial instruments, and tailored offerings for the rainbow nation.
This comprehensive approach allows us to present an unbiased, detailed review of today’s best forex brokers. The broker really stands out for the excellent customer experience it provides, as well as extensive opportunities for learning. It also has key features which make it a great choice for traders getting started, but seems to fall short on providing execution and slippage statistics. Spreads and price execution appear to be average in comparison to peers, making it a good choice for new traders. The broker offers excellent access to a wide range of educational content to help you continue learning and growing as a trader.
These reviews are provided for informational purposes only and should not be interpreted as endorsements by FXTrustScore.com or as guidance for any specific action. Readers are encouraged to independently verify any information upon which they intend to rely. They make more than 100 global stocks available for you to trade in. These come from major markets in the US, Europe, and elsewhere around the world. AvaTrade is a CFDs broker, every asset listed on the platform is offered as a CFD.
AvaTrade offers commission-free trades with spreads that reflect an average level of trade execution cost. There are no deposit or withdrawal fees, though the trader’s bank may assess wire transfer fees if that method of funds transfer is used. Within these markets there is a great degree of scope with more than 100 stocks available to trade in major companies from around the world. If you are interested in crypto trading, then there are 13 crypto assets to trade in pairs with major currencies or other cryptos.
Accounts & Banking
AvaTrade pays bonuses up to $400 for referring a friend and the bonus depends on the amount deposited by the friend. For deposits over $10,000, a bonus of $400 is paid, while deposits as little as $250 can earn a client a bonus of $75. Deposits may be made using a regular credit/debit card, in which case the payment will be credited instantaneously. E-payments through Skrill’s Moneybookers, Webmoney and Neteller will be credited within 24 hours. Meanwhile, deposits done through wire transfer can take up to 7 business days, depending on the bank and country. The webpage has an online form if you’d like to contact the firm, including the reason for request, name, email, phone number, subject and official request.