Avatrade Review 2023: Breakdown of key findings

 In Forex Trading

Please bear in mind that these professional investor accounts may not be available in all countries. AvaTrade is a solid broker that is regulated in a lot of countries. In my opinion, the main drawbacks of AvaTrade are the excessive inactivity fees and the fact that it does not offer as many products and assets as other providers, such as DEGIRO, XTB, and eToro. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions.

It takes the site 24 to 48 hours to process a withdrawal request, regardless of the payment method you choose. You must have completed the KYC process in order to make a withdrawal. We tested out the site on a range of devices at several different times of the day while conducting this AvaTrade trading review. We found that pages always loaded quickly and there were never any lag times, even when trading volumes were high in the wake of major market news. Overall, we could not really fault the usability of the AvaTrade desktop site and the AvaTrade Go app. Please await an answer from APAC team as they are handling the issues regarding deposits and withdrawals.

Trade Forex with AvaTrade

We thank you for kind feedback based on your experience with us Michael, and we are pleased our team assisted promptly; we take great pride in ensuring our clients receive all the help they need. Having had some difficulty logging into my account and, with some to and fro via email and, making Firefox my default browser I eventually could log in. I got a call from customer services and the gentleman was really very helpful and, I am now convinced that the people at AvaTrade are real and, that they care about their customers. With a wealth of research and education available, along with fast and helpful customer support, AvaTrade is worthwhile considering. The 3-month timeframe imposed and the fee amount are well above the industry average and are considered to be high. AvaTrade goes one step further and provides these protections for all of its entities regulated around the world.

  • If your account is inactive for a total of twelve months, it will also incur a substantial administration fee of USD 100.
  • There are no account management fees at AvaTrade, and deposits and withdrawals are also entirely free.
  • AvaTrade typically processes withdrawal requests within hours.
  • However, AvaTrade will charge a hefty inactivity fee if you don’t use your account.

Avatrade has its headquarters in Dublin, Ireland, and provides various financial instruments and a wide range of trading platforms for manual and automated trading. It is registered globally with multiple jurisdictions but does not accept U.S. traders. 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.

Marketing Strategy

You’ll just need to supply some basic information – like name, address, email – and answer some basic questions to prove you understand the basics and responsibility of trading. To complete the KYC, AvaTrade just needs you to upload a copy of some government-issued ID and either a utility bill or bank statement. During our review of AvaTrade, our account was verified within 24 hours – while we waited we were free to play around with the free AvaTrade UK demo account.

avatrade review

AvaTrade offers 1,260 symbols and nearly the same number is available on WebTrader, though a few hundred of these symbols are currently unavailable. AvaTrade offers several education tools and empowers clients to trade with confidence through the education website Sharp Trader. Its collection of ebooks, videos, research articles, and webinars will be helpful to traders of all proficiencies. AvaTrade members are also offered a demo trading account so that they can practice without using real funds.

A Must-ReadeBook for Traders

They serve Australia, South Africa, Singapore, Japan, France, Italy, Spain, Mongolia, China, Abu Dhabi, and more. They serve more than 200,000 active customers and execute 2 million monthly trade orders. Despite not being regulated by the UK’s FCA, AvaTrade has offices and is regulated within reputable countries (e.g. including Ireland and Australia). On the other hand, it can be your gateway into the world of trading via CFDs .

Is AvaTrade regulated?

Yes AvaTrade EU Ltd is regulated by the Central Bank of Ireland. The broker is subject to strict compliance requirements such as ethical handling of client funds and securities and daily financial reporting. AvaTrade also proffers negative balance protection for its clients.

Copy trading too is catered for through the popular third-party trading platform Duplitrade which completes a strong lineup of trading platforms with something to offer everyone at Avatrade. AvaTrade promote commission-free trading through all of their available account types. This is made possible due in part to the fact that they are a market maker broker who essential operate their own internal market pricing and act as a counterpart to your trades. This is the opposite of some brokers who facilitate direct market access with reduced or no spread, but impose commission.

Markets & Products Offered

AvaTrade processes withdrawal requests normally within 1-2 business days and does not charge a fee. Withdrawal Options comprise the most common bank Transfers, credit cards, and a few e-wallets. Additionally, due to rules and foreign transfer laws, it may take additional days for the payment to be received. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology.

avatrade review

The EUR/USD starts with 0.9 pips or $9 per 1.0 standard lot. The regulatory environment at AvaTrade is outstanding and one of the most trusted industry wide. AvaTrade segregates client deposits from corporate funds and offers negative balance protection. Select jurisdictions also maintain an investor compensation fund. Trading with a regulated broker will limit the potential for fraud and malpractice.

These materials cover major topics that help traders in expanding their knowledge to improve the performance of their portfolios. AvaTrade charting tools provide 90 different technical indicators applied to each chart. These charts can be edited and modified to spot potential signals, price patterns, and trends. It features an excellent visual interface that tracks the number of publications per day, the orientation of such news – positive/negative – and the type of news covered. The AvaOptions platform, designed for forex options, has a desktop version. The desktop platform is similar to the MetaTrader 4 platform.

Account Types

But it is a very useful feature in managing your trading account. You can access 3 chart types including Bars, Candles and Line charts. There are also 10 different timeframes you can use avatrade review to view charts and you can access nearly 100 technical trading indicators. The fees for trading Forex and commodities are the most competitive and better than the industry average.

How much is AvaTrade fee?

It takes just $100 to open an account and AvaTrade offers no volume discounts or guaranteed stop losses. They charge a $50 fee after three months of account inactivity and a $100 administration fee after one year of inactivity.

AvaTrade is packed with lots of quality materials to educate yourself, and also offers a demo account. AvaTradeGo is a modern, easy-to-use app with a decent set of features, including the AvaProtect insurance scheme. However, order types are limited and the app comes only in English. However, it’s not customizable; for example, you can’t change the size and position of the tabs.

(NYSE, Nasdaq, FTSE, CAC40…) via CFDs allowing you to invest upwards or downwards, using, if you wish, a leverage effect of up to 5. It allows you to bet up to 5 times your deposit amount to accelerate your gains in the event of favorable price developments. But also to increase your losses in the event of unfavorable results. With more so many countries around the world, there are an expansive number of currencies that can be traded against each other in pairs for profit.

However, AvaTrade continues to advance in this sector and offers a comprehensive array of applications. AvaTrade is a reputable global brand best known for providing FX and CFD traders with an excellent range of trading platforms and outstanding training content. 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. Beginners can easily navigate through the platform’s features and functionalities. AvaTrade platform offers specialized educational material to acquaint themselves with the trading environment.

What Can I Trade on AvaTrade?

Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. AvaTrade charges an inactivity fee which is $50 per quarter after 3 consecutive inactive months. Additionally after 12 straight months of inactivity https://forex-reviews.org/ there is an annual fee of $100. These inactive fees are quite high when compared to their competitors. For the last 20 years Arnaud has improved his knowledge of brokers and markets, he uses his expertise to enhance Mataf to help users to avoid unethical brokers and trading signal providers.

How long do AvaTrade withdrawals take?

It takes between 24-48 hours to process a withdrawal request if the account verification process has been completed and approved by AvaTrade. This is the process for credit cards, debit cards and e-money. In the case of wire transfers, it can take up to 10 business days for the funds to reflect in your account.

AvaProtect enables a trader to lessen the risk on an open position by partially hedging it with a forex option for an additional fee. AvaTrade is legitimate forex and CFD broker and a highly regulated award-winning broker with over 300,000 registered traders and trading volumes surpassing $70 billion per month. This team lets traders celebrate their success with an image or video post, where users can post on various social media platforms such as Instagram, Facebook, and Twitter. Using the calendar, experienced traders can apply, plan, and execute trades by following economic events. Traders can use it for predicting which way the market will move to make wise and informed trades.

However, Capitalix is regulated by CySEC, and the minimum deposit amount is $250. Moreover, advanced research tools are free, and more than 150 assets are available for trading. We learned that AvaTrade provides 24-hour live support available through live chat, email, and phone. In addition, customer services are available in more than 14 languages. Eventually, AvaTrade offers some of the greatest quality support with fast and reliable answers and a huge range of free-of-charge lines worldwide. Being able to access your funds, and fund your account with an initial deposit through a bank account with no complication is another core of options trading.

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