AvaTrade Review: Premier Online Forex Platform 2022 Review

You will find several telephone numbers available for various regions including New Zealand & Australia, South America, Europe, Asia, Middle East, Africa and North America. The representatives at AvaTrade are highly trained and will only assist customers in a polite and professional manner. A frequently asked questions page is also available for traders that just have some basic questions about this broker. You can also easily access information about legal, company, trading platform and educational resources on the site. They have something to offer everyone with various trading platforms, a wide selection of assets, low fees, and great customer support.

• Trades can be placed in just a few clicks of your mouse or tap on your mobile device.
• The more lots traded by the user, the greater advantages will become available.
• Anyone can apply for a Vanilla Options Account to trade the options available from AvaTrade.

Plus, there is a wealth of information already available about these trading platforms. The top area to consider when looking at fees will be the trading fees, and for AvaTrade this specifically means the spreads offered by the broker. AvaTrade does not charge any commissions on their trades, so spreads are the top consideration when opening or closing a trade at AvaTrade. If regulation and security is an important consideration avatrade broker overview when choosing an online forex and CFD broker, then fees are probably just as important for most traders. High fees can really eat into profits, while low fees help the trader maintain a positive account balance. While it is unusual for a forex or CFD broker to be headquartered in the Republic of Ireland, we believe this is actually far superior to most of the other locations you’ll find for these types of operations.

It is not that the quality is not decent, as the daily market commentaries on their You Tube channel are excellent and there are sometimes 2-3 each day. However, we believe that here is not an adequate amount of in-house research to make AvaTrade truly stand out. The social copying app, AvaSocial allows users to follow and communicate with other traders and also to copy their trades.

Does AvaTrade offer negative balance protection?

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity. The following table summarizes the different investment products available to AvaTrade clients.

This AvaTrade review page contains information about investing with AvaTrade. It is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell securities or stocks. The minimum deposit at AvaTrade is a very reasonable $100, and as indicated in the Fees section above there are no fees imposed by AvaTrade on any deposits or withdrawals.

With multiple platforms, you can trade how you want, when you want and where you want with the mobile platform, downloadable platform and browser-based platform. All information provided on the website is written in a clear and easy-to-understand manner. Whether you want to use AvaTrade’s own AvaTrader, the popular MT4 or any other type of platform, the choice is yours. The AvaTrade platform offers a variety of valuable tools and features for traders of all experience levels. The platform is easily accessible via a web browser or mobile app and provides a customizable interface that allows traders to set up their preferred layout and charting tools. Traders also have access to a range of technical analysis indicators and tools and a newsfeed that provides real-time market updates and analysis.

AvaTrade does accept 3rd party deposits, but will require additional verification documentation from both parties. In the case of a deposit made via a third party, that is not a credit card payment method, you must withdraw 100% of the deposit transaction on this initial payment method. If there is a price point that I want to enter the market at, I just set an alert notification on my mobile.

See all AvaTrade’s Indices Spreads

AvaTrade is registered with multiple jurisdictions around the world, but it doesn’t accept U.S. traders. Metatrader and AvaOptions web versions provide integration with desktop platforms. AvaTradeGO, featuring AvaProtect, offers an Android and iOS alternative to the plain vanilla Metatrader 4 Mobile.

Headquartered in Dublin, Ireland, AvaTrade has satellite offices throughout Europe and the Asia-Pacific region. AvaTrade withdrawals are processed quickly within hours on weekdays as the firm’s offices remain closed on weekends and public holidays. Card and e-wallet withdrawals are processed the fastest and you should receive your funds shortly after processing. Bank wire transfers are also processed quickly but your funds will reach you within 3-7 business days depending on your bank. The slight drawbacks are that spreads are not particularly competitive (around average) and the inactivity fees are slightly high.

Essential Details About AvaTrade

On the downside, Avatrade, despite providing cryptocurrency trading, does not accept or provide funds in cryptocurrencies. This could be a disadvantage for traders, who quite frequently use cryptocurrencies as a means of payment. AvaTrade have worked hard to create streamlined and advanced processes to ensure that all withdrawals and deposits from traders are handled as quickly as possible, within a safe and secure environment. AvaTrade have a great range of over 1250+ instruments available to traders including everything from Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs and ETFs. They have one of the largest selections of tradeable instruments that I have come across from any broker.

First Trade with Ava.

This means that you’ll be charged a currency conversion fee if you make a deposit in a currency that isn’t supported by the broker. While this won’t be a dealbreaker for the majority of traders, it’s something that’s worth bearing in mind. AvaTrade will deduct an inactivity fee from your trading account if you don’t log into your account for at least three months. The currency unit of this fee depends on the currency base of your account £50 (GBP account), $50 (USD account), €50 (EUR account). There’s also a £100 administration fee after one year of inactivity So, unless you’re a fairly active trader, you could get stung by inactivity fees.

Trade Experience

This is useful because you might want to switch between the desktop and mobile app. I know that I have placed trades on my laptop before and enjoyed the convenience of tracking progress via the app. AvaTrade will display the fee, which it deducts from your account balance when you execute your trade, and traders agree to it by taking the position. The hamburger menu allows access to account settings, personal preferences, and various trading tools like the trading calculator. When it comes to mobile trading, AvaTrade caters to traders of all levels with AvaTradeGo. To pass the AvaTrade identity verification, you will need to upload both an ID and proof of residence.

Education is undoubtedly one of the strong areas of AvaTrade, particularly when compared with the often sub-par offerings found at other online brokers. The trading education you’ll find at AvaTrade is far more than simply filler, it is useful and can be put to use in your own trading. Also available to all of AvaTrade’s clients is an Islamic Account, which is characterized by the lack of overnight swap charges or payments. These accounts are for Muslim traders who need to comply with Sharia Law.

Mobile trading apps

After you have withdrawn up to 200% of your initially deposited funds (upon profit) to your funding card, you may choose other methods to withdraw the rest of your funds. For compliance purposes, AvaTrade must transfer your funds back to the original source you used to fund your account. This account needs to be in the same name as the account maintained with AvaTrade. AvaTrade was founded in Dublin, Ireland, in 2006 by Emanuel Kronitz and Negev Nosatzki. The firm began operations as forex trading firm Ava FX, but soon branched out into other asset classes. Other countries AvaTrade doesn’t operate in and where trading is banned include Iran, Syria, North Korea, New Zealand, Turkey, and Sudan.