These fees are subject to change, and no fees are assessed against accounts with a balance of €/£/$0. And all of the clients who operate through AvaTrade EU Limited are protected by negative balance protection. This means all clients are protected from any potential events that would cause extreme and unexpected market movements.
- The top-bar shows overall account balance statistics, like the available and total balances, along with the trader’s profit/loss and equity data.
- It is a good option only if you intend to invest in CFDs (derivatives); it does not allow you to invest in stocks, ETFs or other financial products.
- One top priority of any trader is to reduce the costs of their trading activity.
- This software is functional and user friendly, and it comes packed with research and educational tools to help you make informed decisions about your trades.
- In terms of variety, the number of instruments offered by AvaTrade would be considered average as compared to the rest of the market.
Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2023. It took over a month to get my account verified because avatrade review I am new in Canada and had to wait for my first bank statement and utility bill with my address. After my account was verified it was quick and easy to deposit funds and start trading immediately.
The website and marketing material aim for transparency, but they could be confusing for prospective clients who are looking for information about account types, spread schedules, and fee listings. AvaTrade indicates that it will accept a minimum investment entry of just $100. The company says it set this amount because new traders are often under capitalized.
First of all, traders of any level of experience can use a demo account to better get to know the offerings of the broker. These account types were created to ensure that traders of all interests could find something that fits their needs in the financial markets. One of the policies adopted by the broker is negative balance protection. This policy is aimed at ensuring that traders do not lose more money than they can afford. Sometimes, when using leverage, traders might end up losing too much money. While it can be quite useful for amplifying the profits of traders, it can also increase the risk of losing more money.
AvaTrade excels at this aspect, being one of the most regulated brokers in the world. In practical terms, they are regulated in each country they are active in. Our comprehensive AvaTrade review will explore this broker in detail, reviewed by real traders, to give you full insight into this broker and our own verdict on what it’s like trading with AvaTrade in 2024. AvaTrade offers good customer support but it’s only available on weekdays. You can reach them using phone, live chat or email across a number of international call centres and languages.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. A large Australian operation is regulated through the Australian Securities and Investment Commission (ASIC). The broker also advertises negative balance protection and AvaProtect, but it provides no additional guarantees for the safety of client funds. Withdrawal processing can be unusually slow, requiring as long as 10 business days to receive wire transfers. On the downside, Avatrade, despite providing cryptocurrency trading, does not accept or provide funds in cryptocurrencies.
Is AvaTrade Legit?
You can also open a demo account for free to try them out risk-free before making a financial commitment. AvaTrade is a regulated trading broker in the EU, Japan, Australia, South Africa and the British Virgin Islands. This means that they must comply with strict regulatory compliance rules.
Overall, the research tools and analytics avenues of AvaTrade are good enough to satisfy even the most experienced traders. The AvaTrade blog also offers daily insights on the current market situation from a fundamental and technical point of view. On the AvaTrade Youtube channel, several videos are published daily with current events, analysis, market overviews and trading opportunities, plus masterclasses as well from time to time.
Having an entity specifically tailored to various jurisdictions makes trading easier and more seamless for clients. And the fact that AvaTrade has been able to secure so many licenses and regulatory approvals just goes to show what a secure trading experience can be expected for clients. The minimum deposit is $100, but the broker recommends depositing around $1,000-$2,000 to enjoy the full experience of trading on AvaTrade. There are a wide variety of deposit solutions to choose from when trading with AvaTrade. Among them are credit cards, debit cards, wire transfers, e-wallets such as Skrill and Neteller, and many others.
What Can I Trade on AvaTrade?
Overnight swap fees can make swing trading quite expensive, and the fees need to be accounted for when calculating potential profit levels on trades. As such Avatrade is regulated in Europe, Australia, Japan, British Virgin Islands, UAE and South Africa. Plus, AvaTrade is the very first forex broker to receive a 3A license in Abu Dhabi which allows them to offer both retail and professional trading services. With a history stretching back to 2006, and operations all around the world, AvaTrade is one of the best-known online forex and CFD brokers. In fact, they were one of the very first online forex brokers, and have been delivering excellent service and trading conditions since day one. Customer support at AvaTrade is available in 15 languages and is known for its responsiveness.
They understand that keeping clients happy is a large part of running a successful brokerage. A part of that is that support is offered in 15 languages, which makes sense considering the global reach of AvaTrade. AvaTradeGO was voted the best forex trading app of 2020 by the Global Forex Awards and it’s easy to see why.
It also has an education section with many (mini) tutorials that explain the basics of trading. AvaTrade does not offer the option to purchase ETFs or other investment funds. It only allows for trading in the CFD (derivative) form of such products.
They have one of the largest selections of tradeable instruments that I have come across from any broker. Seminars and webinars are a great way for beginners to interact with professional traders and polish their skills by asking questions. If you are looking for a reliable alternative, then I would suggest IC Markets, as it’s the best fit for beginners and traders who like to participate in webinars, seminars and listen to professionals. When trading in volatile markets, it is important to consider the potential profits, losses and costs to trading. The AvaTrade Calculator will help you to calculate these risks of your next trade before you execute it. This can save you time from doing repetitive mathematical calculations and help if you are not that good at maths.
The reason there are different account AvaTrade needs to comply with ESMA MiFID requirements for its European clients and FSRA requirements set by the Abu Dhabi Global Market for UAE clients. These countries allow two types of trading conditions, one for retail traders and one for professional traders. AvaTrade’s reliability and security are underscored by the use of top-notch trading platforms. With MetaTrader 4, ZuluTrade, AvaTradeGO, and AvaOptions, the broker ensures a seamless trading experience, minimizing the risk of platform glitches.
AvaTrade is a multi-award winning service sustained by competitive prices, a world-recognised trading platform and a comprehensive educational library. For example, via live chat, the support team answers in seconds and usually provides pertinent and helpful responses. The most used trading platform on earth, MetaTrader 4 is usually the first preference for traders of all levels of skill and experience. It enables traders the ability to copy trading signals or trading strategies from other successful traders.