AvaTrade Review 2023 Multi-award winning and regulated broker

AVATrade has one of the best customer service departments that offer support in more than 12 languages. To learn more about the broker’s services and account specifications, read our comprehensive AVATrade review. Avatrade offers demo accounts for traders who want to practice their trading skills or test out the trading platform without risking real money. The demo account allows traders to access the full range of trading instruments and features on the Avatrade platform using virtual funds. It is a useful tool for new traders to get familiar with the platform and for experienced traders to test new strategies before using them in live trading.

Also, there is a platform for Social Trading (AvaSocial) and one platform for mobile trading (AvaTradeGO). With the continuous development of AI technology, many financial companies have begun to apply AI technology to their trading services. WikiFX now has listed five excellent automatic trading platforms that allow you to enhance your trading results via robotic trading.

I use them myself and have always been happy with everything from funding my account, customer support to an enjoyable trading experience with any hassle. The service, combined with a deep understanding of the financial markets, allow traders to enter the markets with confidence. Another advantage of the CFD broker AvaTrade is the self-developed App “AvaTradeGo”. From our experience, it is easier to understand trading with this app.

Trading Central will scan and analyse the markets to identify trading opportunities across hundreds of financial instruments based on sophisticated recognition engines. It displays the trading strategies of other traders which you can follow for their trading signals to be copied automatically into your AvaTrade account. You can browse and filter the available trading strategies and choose those that are best suited to your individual risk preferences and trading needs. Vantage also integrate with ZuluTrade if you are looking for alternative options. Blueberry Markets offer a Free VPS to clients who meet a certain trading volume if automated trading is something of interest to you. Via the powerful WebTrader platform, users can stay on top of the market without allocating too much time on technical or fundamental analysis.

How to use AvaTrade?

Based on our Expert findings, we learned that AvaTrade is a heavily regulated Broker with an excellent reputation. The account opening is easy, and there is a great range of trading tools and user-friendly software, also many ways to deposit and withdraw funds. What we also like is AvaTrade high-tech access to an expanded range of instruments and multiple platforms either for manual, algorithmic, or social trading. This broker supports social trading through partnerships with DupliTrade and market-leader ZuluTrade. At the core of operations are proprietary trading platforms WebTrader and AVA TradeGo. Completing the selection are the MT4/MT5 trading platforms, upgraded with the Autochartist plugin.

For example, traders who want to trade under European regulation have to upload ID/Passport and a utility bill to confirm their identity. From my experience, AvaTrade verifies the account in less than 24 hours. When it comes to the process of opening an account with Avatrade, rest assured that it is one of the most streamlined and user-friendly experiences out there. Not only is the process simple and straightforward, but it is also designed to ensure that new traders can start their journey with ease.

The withdrawal process of AvaTrade takes 1 to 2 business days. 40 currency paris available, including all minor, major and many exotics available 24 hrs a day, 7 days a week. The tool is available on AvaTradeGO and their online platforms AvaTrade WebTrader. During the account opening process, you will have the option to select from various account types, including Retail, Corporate, Options, Spread Betting, Islamic, Professional, and Demo accounts. This allows you to choose an account type that suits your trading preferences and requirements. AvaTrade excels in customer service, providing prompt and helpful assistance from their courteous and knowledgeable staff, available 24/5 to cater to the opening hours of most markets.

Trading Central offers trading ideas based on technical analysis, focusing on specific commodities, stock indices, and FX pairs. The app includes features such as news updates, charting tools with 93 indicators, watchlists, and risk management tools like stop-loss, limit orders, and AvaProtect. It is important to note that AvaTradeGO currently lacks two-step log-in and does not support face ID for authentication.

What Type of Broker is AvaTrade?

All European countries that are members of the EU are required to conform to the European Economic Area (EEA) Agreement, which allows free trade and cross-border sharing of resources. Under the EEA initiative, European Forex brokers are free to offer their services to any member nation of the EU without any individual regulatory licenses. However, all brokers are also required to adhere to the stringent EU guidelines that are designed to prevent any instances of financial scams or consumer abuse. AVATrade has other offices situated in Australia, the British Virgin Islands, Japan, and South Africa. Therefore, AVATrade is also regulated by the ASIC, the BVIFSC, the FSA, and the FSB, which provides further credibility to the broker’s service offerings. The broker is slated to increase its presence in other countries, which will further enable the company to expand its reach and exposure in new markets.

Based on our Expert findings, AvaTrade is considered a reputable broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, AvaTrade covers almost the globe, so traders from various countries can sign in, also with the lowest spreads. Avatrade provides a wide range of services, from user-friendly trading platforms to great educational content. EToro does not provide traders with the MT4 trading platform, ignoring the largest market segment.

Which AVATrade Account Should I Choose?

AvaTrade has a large amount of free educational materials to help improve traders’ knowledge. This includes videos, articles, e-books, and daily market analysis in multiple languages. The educational material is beneficial to both beginner and advanced traders. The AvaTrade avatrade broker WebTrader platform has an easy-to-use interface and modern design, making this trading platform simple to use and suitable for both beginners and advanced traders. There is no need to download or install anything as it runs directly in most modern web browsers.

• It is important to get reliable support for financial investments.
• At AvaTrade, a great number of these can be traded, with the full range expanded on in our review of AvaTrade above.
• Also due to regulations and international transfer laws, it may take additional days to receive the payment.

It is quick and easy to buy and sell assets, whilst you can get accurate data on what AvaTrade’s traders are buying or selling in real time. This can help you to make educated decisions based on live market sentiment. The broking firm provides negative balance protection and AvaProtect for losing trades when https://traderoom.info/ the market turns opposite. However, the FCA does not regulate it, which is known for its strict market regulations. It does not provide 2FA (two-factor authentication) to log in to its trading platforms. While both brokers offer commission-free trading, at eToro, it only applies to unleveraged buy orders.

For example, the average spread cost of EURUSD is 0.9 pips, and it reduces to 0.6 pips if you qualify as a professional trader. Similarly, the fee for S&P 500 CFD is 0.5 points, and Europe 50 CFD is 2 points. The Central Bank of Ireland is the primary regulator of AVA Trade, where EU regulations apply.

Who regulates AvaTrade?

There is the standard retail account and professional account. AvaTrade do not charge a commission to trade with them, instead they charge a fixed spread starting from 0.9 pips. I like how they make everything available through one account. AvaTrade clients gain exclusive access to the Sharp Trader premium educational website to improve your knowledge and skills. Sharp Trader offers a wide range of educational videos, articles, daily news and trading tools. Topics covered range from the most basic to the more advanced trading strategies, taking you from trading fundamentals to the advanced strategies of leading professional traders.

On the other hand, if you perfect a broker’s proprietary platform and then leave, you will need to start from scratch with another platform. AvaTrade offers to trade a selection of leading cryptocurrencies, you can speculate on their prices and you can also trade cryptos. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. AvaTrade minimum deposit by Credit Cards or Debit Cards is $250, or $500 by Bank wire transfer.

These platforms are available to all levels of traders and can be selected depending on your trading requirements. With AvaTrade, you can trade multiple trading instruments on the different platforms through one account. 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. And while choosing a broker you should consider that point too, so here there are also good options offered by AvaTrade.

For more information about AvaProtect, please refer to the corresponding section in the Webtrader review within this AvaTrade overview. While the web version of MetaTrader 4 lacks alerts and notifications, these features are available on the mobile app and desktop trading platform. AvaTrade presents itself as an excellent choice for Australian traders. This broker ensures full compliance with local regulations and offers attractive trading conditions to its clients.

As a trader, you will be satisfied with the broker’s services for the most part. AvaTrade offers a selection of auto-trading software via some of the best social trading platforms that enable you to copy the trades of experienced forex traders. Automated trading platforms can mirror or copy the trades of others directly into your own trading platform / account.

The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities. Clients from Abu Dhabi can open a retail account, options, and professional account. For new account opening, traders must have to fulfill regulation requirements. Account opening is pretty straightforward, and as per marketing materials, AvaTrade has several deposit and different withdrawal methods, which are free of charge. Also Avatrade provide user-friendly search functions, educational tools, and daily market analysis research instruments.