AvaTrade Review

AvaTrade Review

About AvaTrade

AvaTrade is an established Forex and CFD brokerage house that seeks to empower people to trade a wide array of securities in the capital markets with confidence. Founded in 2006 and headquartered in Ireland, the brokerage firm has established itself as a significant player in the online financial field.

The brokerage firm offers top-notch services designed to enable people around the world to trade over 250 instruments in forex, cryptocurrency, stock, as well as commodity markets. AvaTrade stands out from the pack in that it has enabled desktop, tablet, mobile, and web-based trading capabilities, to address the needs of various traders around the world.

In addition, AvaTrade offers a range of automated trading platforms and expert advisors compatibility. Likewise, it is regulated by top tier agencies around the world and ensures clients’ funds are held in segregated accounts as part of its advanced security features

Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why Trade with AvaTrade

AvaTrade is an ideal brokerage house for anyone looking to trade a diversified field of securities in the capital markets. The brokerage firm allows traders to access and trade over 250 instruments made up of forex, CFD as well as cryptocurrencies and commodities.

Would-be investors can trade the various securities via MetaTrader 4 and MetaTrader 5 platforms, which come with unique social trading features. Traders can access the platforms via desktop, tablet, or other mobile devices. In addition, AvaTrade supports web-based trading. Likewise, traders can choose a variety of automated trading platforms, including Zulu Trade, in addition to expert advisors.

With AvaTrade, you can trade in peace, knowing that you are in good hands. The brokerage house adheres to the best industry standards as well as security, a practice that ensures customers’ capital and data is protected all the time.

AvaTrade has competitive trading fees compared to other players in the industry. Low trading fees ensure traders get the most out of their positions in the market. In addition, withdrawal is free of charge. The spreads charged on various products traded are some of the lowest in the business.

Customer service representatives are always available round the clock to offer assistance with any trading issue.  Customer service is available by phone, email, or live chat available in various languages. AvaTrade is alas active in various social media platforms through which it offers assistance.

What are the drawbacks of AvaTrade

Hidden fees, in the form of inactivity fee as well as administrative fees, is one of the biggest drawbacks with AvaTrade brokerage.

Some brokers also offer tighter spreads than what AvaTrade charges for opening trades.

AvaTrade trading platforms also lack news and research functionalities, which are essential when it comes to trading.

What Unique Features make AvaTrade standout?

AvaTrade offers proprietary trading platforms as well as multiple third-party trading platforms designed to address various trading needs.  In addition to offering the standard Meta Trader 4 and MetaTrader 5 in some locations, the broker also provides support to copy trading via ZuluTrade and Trandency.

AvaTradeGo is AvaTrade proprietary mobile trading platform that ensures traders can trade and monitor traders while on the go with ease. The mobile app comes with a robust set of default watch lists as well as volatility protection feature dubbed AvaProtect

AvaTrade has also taken automated trading to another level with a set of pattern recognition tools for technical and fundamental analysis. Its AutoChartist tool helps traders detect trending opportunities. Its charting portal comes with 93 indicators ideal for technical analysis. AvaTrade web platform is also on offer with enhanced charting capabilities designed to enhance web-based trading

SharpTrader is another unique feature available to traders designed to help users find daily and weekly technical and fundamental analysis articles.

For options traders, AvaOptions should take trading to another level as it eliminates the need to read traditional option chains. The app comes with 14 default options trading strategies that even the novice traders can leverage with ease.

Is AvaTrade Legitimate?

AvaTrade is a legitimate forex and CFD brokerage house as it is regulated by top tier 1 agencies around the world. The brokerage house is regulated by the Ireland Central Bank, an accreditation that allows it to offer its services in Europe.

The firm is also regulated in Australia by the Australian Securities and Investment Commission. In South Africa, it is regulated by the South African Financial Sector Conduct Authority and in japan by the Financial Services Agency. In the Middle East, it is regulated by the Abu Dhabi Global Markets.

What do you need to start trading with AvaTrade?

It takes just $100 to open an account with AvaTrade and start trading various securities. The firm offers bonuses from time to time on each deposit that one makes towards their trading account.  If you have funded your account, you will have to check with the Account Manager to check eligibility for a bonus as they are always subject to terms and conditions.

You can fund an AvaTrade account with either bank transfer or credit and debit cards. You can also use electronic wallets such as Neteller and Skrill. Deposits via debit cards take between 4 and 5 hours to reflect. Bank transfers, on the other hand, can take several business days. Electronic wallets transfer, on the other hand, reflects instantly.

For withdrawals, you can use the means used to deposit to complete a transaction. AvaTrade does not charge any fee on withdrawals.

What are AvaTrade Trading Fees?

AvaTrade boasts of average trading fees as well as average non-trading fees. Its trading fees are mostly built-in spreads.  For instance, while trading the S&P 500 Contract for Difference, you can expect fees built into a spread of 0.5, which is the average spread cost.  Currency pairs such as the EUR/USD come with 1 pip average spread cost.

The brokerage firm trading fee structure is transparent and easy to calculate. Compared to what other players charge to trade currency pairs, cryptocurrencies, or commodities, AvaTrade fees are average benchmarked with the competition.

Is there any other Fees that AvaTrade charges its Customers?

While AvaTrade does not charge anything on deposits and withdrawals, it comes with some hidden fees that traders should be aware of.

AvaTrade bills its customers for inactivity in their trading account. For instance, 12 consecutive months of non-use could see the brokerage firm deducting as much as $100 as part of administration fees.

Three consecutive months of non-use or inactivity could also see a trader incurring some charges in the form of inactivity fees. The fee is, in this case, is usually $50 or £50 or €50 unless prohibited by law depending on the jurisdiction.

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