AvaTrade Review 2023 Is AvaTrade Legit or Scam Broker

AvaTrade is excellent for any trader, regardless of whether it is their first day trading or their thousandth. This broker offers a plethora of instructional materials and guidance to help beginners gain a foothold in the market for rookie traders. AvaTrade is extensive and advanced enough to keep experienced traders interested, so they will also https://forexbroker-listing.com/ find it useful. The AvaOptions app, powered by Sentry Derivatives, offers AvaTrade clients an exceptional mobile trading platform for forex options. The search function allows the user to search by symbol or name of the asset. The reporting feature provides all the relevant information traders need to analyze their historical transactions.

It claims to operate as a regulated broker in seven different countries, including Ireland, Australia, Japan, and a few others. It promises a user-friendly platform and it seems to offer competitive spreads . While there is an extensive amount of content regarding online brokers, cryptocurrency exchanges and financial institutions, the best broker reviews can be found at Strafe.com. You’ll find plenty of broker details like this review of AvaTrade. During our review, we tested the phone support, email and live chat options.

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It took only a few hours for withdrawals to credit to my bank account. There are no account management fees and deposits and withdrawals are also free. There is no additional cost for using the Copy Trading platforms and trading fees are built into the spreads. For example, Europe 50 CFDs average about 2 points during peak trading hours. AvaTrade is known for its various trading platforms, both manual and automated, and its educational content.

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They are displayed on your phone’s screen via push notifications. AvaTrade operates worldwide but operated through regional offices. They serve Australia, South Africa, Singapore, Japan, France, Italy, Spain, Mongolia, China, Abu Dhabi, and more.

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Using the MetaTrader 5 platform, customers can trade the full range of instruments available at AvaTrade. AvaTrade provides trading in various financial instruments such as forex, stocks, indices, etc. State-of-The-Art Trading PlatformsAvaTrade provides multiple platforms including MT4, MT5, DupliTrade, WebTrader, AvaOptions and the AvaTradeGO mobile app – there’s something for everyone.

AvaTrade Review: Create a Demo Account

It can be learned in a few minutes and allows you to trade on more than 1000 financial instruments for more straightforward and precise trading. From our point of view, it is an effective platform for starting your online investments. AvaTrade’s customer service and inclusiveness contribute to a favorable user experience, and reviews of the broker tend to echo this sentiment. The AvaTrade website contains dozens of phone lines from throughout the world. AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips) but slightly higher than the spreads offered on entry-level accounts on rival platforms.

AvaTrade reviewers to please include their account number in their review. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. My withdrawal request rejected multiple number of times without any valid reason. AVA Trade EU Limited, authorized and regulated by the Central Bank of Ireland – CBI, with a Regulatory License unreleased. We compare AvaTrade fees with its closest competitors, XM and Admirals .

This platform is considered safe due to its extensive regulatory coverage. A €20,000 protection is available for EU investors provided by the Central Bank of Ireland along with negative balance protection for EU clients. Clients can open an account with AvaTrade in a few minutes through an online registration process.

Hence, you should initiate a trade after considering the same. It provides its own mobile trading platform AvaTradeGO, available for Android and iOS. It also provides AvaProtect feature in the AvaTrade mobile app, just like its web platform.

AvaTrade Pros and Cons

It has been determined that AvaTrade is excellent for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research. All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name. To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

They come with a crypto exchange too, so you can buy and sell digital currency. US-based users are also allowed to open an account with this popular trading platform. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. 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.

  • Even novice traders will get the hang of the MetaTrader platforms quite quickly and the customisation means they can tailor it to their own preferences.
  • All of these combined provide complete peace of mind for traders to trade with confidence.
  • In order to get the withdrawal process started, just complete the withdrawal form.
  • With that process, AvaTrade would ask you to confirm your identity with a verification code sent to your mobile, as is done by many banking apps.

Avatrade copy trading integrates through DupliTrade and Zulutrade. This ranks them among the best copy trading brokers such as Pepperstone and eToro. Avatrade launched AvaSocial in the UK, with which traders can follow and copy the best traders. There’s a unique feature that can be accessed via the mobile app.

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. Founded back in 2006, this Irish broker has been offering customer-focused trading services for more than 2 decades. Originally offering just forex, AvaTrade expanded its operations in 2013 and now boasts more than 200,000 clients in more than 150 countries. This AvaTrade review article will help you understand its features and services and assist you in choosing the best forex broker for yourself. ConclusionFrom cutting edge platforms, multilingual service to comprehensive education, worldwide offices, and over 13 years’ in the industry, there’s no doubt that AvaTrade is the right choice.

With that process, AvaTrade would ask you to confirm your identity with a verification code sent to your mobile, as is done by many banking apps. This would provide an extra layer of security to your account. AvaTradeGO CFD trading app is an exceptional end-to-end solution for anyone in the UK interested in the world of CFD trading for forex, shares, indices, ETFs, and so much more. Plus, exclusive to AvaTrade – Protect your trades with AvaProtectTM, the ultimate built-in risk management. AvaTradeGO CFD trading app is an exceptional end-to-end solution for anyone in Australia interested in CFD trading for forex, shares, indices, cryptocurrencies, and so much more. Novice investors will be pleased with the massive range of educational eBooks and videos we uncovered during our Avatrade review UK.

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Based on our Expert research, we learned that AvaTrade provides a rich collection of educational materials including articles, eBooks, and videos. The broker covers all aspects of trading for beginners and intermediate traders. Based on our Expert research, we found out that AvaTrade offers a truly wide selection of platforms and trading tools, available through theWeb, Desktop, and Mobile Apps. AvaTrade Spreads are ranked low with an overall rating of 8 out of 10 based on our testing comparison to other brokers.

NewsWikiFX Ranking: 5 Reputable Day Trading Brokers for October 2022

Excellent bonuses, high leverage, immediate execution, tight spreads, 24/5 support and no commissions. Who tells you there is a official telegram chat group of Ava Trade? You must contact to official agent on their webside and ask anything what you want. I can’t imagine that why you trust someone and give your money easily without reliable information. We learned that the broker offers also ZuluTrade which is one of the most popular auto-trading software. It is available via software to be installed for the full version or via a web browser.

If you are reading this article, you’re likely having trouble deciding whether AvaTrade or FXCM is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note. MT4 also supports EA automated trading, which can execute multiple orders at the same time. Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018.

It is up to 200% of the amount the trader deposited into the account prior to the withdrawal. Both the proprietary and third-party platforms supported by AvaTrade – MetaTrader 4 and 5 – are excellent, and their features are attractive. AvaTrade has been an award-winning online CFD-regulated broker since 2006 with offices around the globe and 9 Regulations on 6 continents. AvaTrade offers excellent trading conditions with 0% commission, tight spreads, and high leverage. Avatrade fees for each asset class include spreads, financing rates, and commission.

Typical Spreads and Fees

The cost of trading with Avatrade is lower once all other fees are considered. It includes a news feed, an economic calendar, an idea hub, and many other resources. These are embedded into the broker’s platforms – Webtrader, MetaTrader, and AvaOptions. An inactivity fee is charged by AvaTrade if the user doesn’t log into the account for three months. This fee is $50 per quarter (around $13.33 per month), a bit higher than what other competitors charge.