It offers competitive spreads, zero commissions, and relatively low overnight fees. I also appreciated its comprehensive Trading Academy, which delivers a steady stream of educational resources for traders of all levels. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables.
- This means that if the company goes bankrupt, your account is protected.
- AvaTrade has a wide variety of over 250 instruments available for you to trade with.
- Moreover, AvaTrade allows partners to tailor their earning structure based on their audience and marketing performance.
- He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- The spreads are decent, and having multiple platforms like MT4 and AvaTradeGO makes it flexible.
- AvaTrade stands out in the research department with in-depth market breakdowns from its in-house team, complemented by Trading Central content.
About the Editorial Team
AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders. AvaFutures is a dedicated futures entity by well-known industry leader AvaTrade. Traders get the MT5 trading platform, which supports algorithmic trading, copy trading, and extensive customization options. Ava Futures charges $0.19 for micro and mini futures and $0.49 per standard contract, placing it among the most competitively priced futures brokers. Traders get eleven currency futures, two cryptocurrency futures, 23 commodities, energies, and metals futures, 21 index futures, and ten treasury futures. Traders also benefit from free Level 2 data, while beginners get industry-leading educational content.
AvaTrade Review – Analysis of Brokers’ Main Features
MT4 and MT5 are very similar when it comes to the design and layout of the interface. The traditional look and feel of the platforms may feel a little outdated to some, but the good news is that they are easy to navigate. The selection of indices and ETFs is particularly strong, providing opportunities to build a diverse portfolio. AvaTrade occasionally offers a welcome bonus, though availability will vary depending on your jurisdiction. For example, I was offered a 20% deposit bonus when I signed up with a $200 deposit required to qualify. You can also see how AvaTrade’s regulatory credentials stack up against other brokers below.
Fees, Spreads, and Commission
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with AvaTrade please share your personal review of the broker and what you think are strong and weak points. If you have traded with AvaTrade we would really like to know about your experience – please submit your own review.
In which countries is AvaTrade regulated?
As AvaTrade is strictly a CFD/Forex and crypto CFD broker, there is no integrated wallet or direct fiat-to-crypto conversion; all trading is performed via leveraged CFD instruments. I also experienced a few drawbacks, including occasional higher spreads and inactivity fees to watch out for. These opinions are avatrade review drawn from hands-on trading, not just reading online claims.
The broker’s penchant for competitive spreads and its numerous resources makes it a suitable pick for beginner and veteran traders. However, AvaTrade’s impressive offerings should be viewed in tandem with personal research. AvaTrade boasts a comprehensive selection of tradable instruments, presenting traders with many opportunities to diversify their investment portfolios.
I’m glad to find local telephone numbers, ensuring customer service agents can respond to country-specific questions. Alternatively, there is a third-party copy trading solution, DupliTrade, which enables investors to follow signals and strategies in real-time. I found that the tool can be linked directly to an MT4 account for simplicity. AvaTrade also offers an intuitive mobile app, AvaTradeGO, which is free to download on Android and Apple devices.
AvaOptions is a dedicated platform for options trading, combining powerful strategy visualization with intuitive risk management tools. It allows traders to customize and analyze strategies across various market scenarios, making it ideal for both novice and advanced options traders. AvaTrade offers one of the more transparent fee models in the industry.
Deposit and Withdrawals
They both offer flexible charting views, advanced technical analysis tools and customizable workspaces. For example, Vantage offers a standard, commission-free account alongside an ECN account with raw spreads and low commissions. The platform also has many charting and analysis tools built in, and although it is slightly less customizable than MetaTrader, it still represents a great trading platform choice. Starting with trade size, at AvaTrade, the minimum trade size you can utilize here is 1 micro lot. This means that as a forex trader, you can trade from $1000 in a non-leveraged trade. This is also equal to 0.01 standard lots and could decrease further if you are employing leverage.
In addition to these cool features, the app has a smooth and stable interface. The app provides you with step-by-step guidance on opening trades, feedback on your activity and support any time you need it. You are able to manage multiple accounts from the app and switch between demo or real accounts, to get all the data you need on your trades while using your AvaTrade account credentials. This saves me having to switch between accounts and platforms which can be annoying. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
- According to AvaTrade’s LinkedIn page, the company employs more than 300 professionals worldwide.
- AvaTrade offers access to more than 44 forex pairs, making it easy to diversify your portfolio and find the perfect trading opportunities for you.
- One drawback for me is the interface, which feels somewhat dated and bland in comparison.
- Promotional offers may occasionally be available, but they are not a regular feature due to Canadian regulatory restrictions.
Here you can learn all about trading but with no risk at all since you will be trading with virtual funds. As with almost all top brokers in the industry, AvaTrade makes several great account type choices available to meet your needs as a trader. You can also engage in copy trading directly with your Metatrader platform and use their EAs feature to implement trading strategies from elsewhere if you are interested. One of the appealing points here is that, even though you may find some lower spreads elsewhere, AvaTrade offers a fixed spread that does not change regardless of market conditions. Trading forex at AvaTrade you will find a strong selection of more than 60 forex currency pairs. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro.
If you close it within your chosen period, you can be fully compensated for losses up to $1 million. It is important to note that you must trade through the WebTrader or AvaTradeGO platforms to become eligible for AvaProtect. DupliTrade and ZuluTrade – Both platforms enable copy trading and are available at AvaTrade.
He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
Discover more about our comprehensive review process and how we maintain transparency and impartiality here. Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. Tobi’s main area of expertise is in personal finance and the Forex industry.
It’s well-regarded for its strong focus on trader education, security tools like AvaProtect, and accessible features. These elements make AvaTrade a dependable option for beginners and experienced traders alike. AvaTrade offers transparent pricing with competitive fixed spreads and no deposit or withdrawal fees. Although inactivity fees may affect occasional users, active traders enjoy a cost-efficient structure that simplifies fees and eliminates hidden charges.