AvaTrade Review 2023 Pros and Cons Uncovered

Copy traders can choose from a large set of experienced and high-ranking traders with many followers. In order to open a copy trading account, you should click on “New Account” and select Zulutrade as the trading platform. After looking into the major aspects of trading services, let us look at some minor, yet still an important aspect of forex brokerage. But in this review, we will probe each aspect of trading services offered by Avatrade. Avatrade’s MT4 is at par with the standard MT4 trading platform offered by the majority of forex brokers. It is, however, made distinct as it allows traders to perform flexible trading through auto-trading.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. There are certain drawbacks when trading through AvaTrade as well.

Traders should remember that AvaTrade does not charge any fee for making a deposit or withdrawal from the trading account. However, a fee may be charged by the payment service provider. For example, banks charge a nominal fee when making a wire transfer. Another thing worth noting here is that AvaTrade does not have zero spreads accounts, as the total trading cost is already included in spreads. Many day traders like to trade with zero spreads but bear a commission fee for opening and closing a position.

Traders can tag their favorite securities as some sort of shortcut. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies .

Web Trading Platform

You can download and install the MetaTrader 4/5 after you created your trading account. It is a very popular trading platform because it has all the functions you need for professional trading. The secure back office at AvaTrade processes deposits and withdrawals. AvaTrade does not levy internal costs on transactions, but third-party fees may apply. I recommend traders double-check with their preferred payment processor about this. While AvaTrade processes withdrawal within 24 hours, it may take up to ten business days for traders to receive their funds.

Ava trade ensures the client is comfortable and satisfied with the platform and the customer service is great. I talked to Hank who made me feel assured that I was getting great service. AvaTrade trading fees are a bit higher compared to its rivals.

• However, it is certainly worth noting that if AvaTrade had FCA regulation then this compensation limit would be considerably higher, up to £85,000.
• The requirements rank among the easiest to achieve and maintain versus other brokers.
• They charge fixed spreads which means that the spreads do not vary depending on the timing of the trade.
• The customer support is available via Email, Web form, Phone, Callback and Live chat.

The Education hub on the AvaTrade site is jam-packed with content covering a variety of topics to educate traders. It is an impressive bank of information that AvaTrade has available and will certainly be of great help to traders just starting on their journey. Due to international anti-money laundering regulations, the method of withdrawal has to be the same as the payment method that the account was funded. You must withdraw up to 200% of your deposit (i.e. your total deposit plus 100% profit on top). At AvaTrade the withdrawal process is completed in prompt time. Some withdrawals can be processed within minutes however, they do advise that the process tends to done within 1 to 2 working days.

How to Open an AvaTrade Account?

We tested debit card withdrawal and it took 3 business days. Clients from almost all countries are accepted by AvaTrade, with some exceptions including the US, Canada, Belgium or Iran. AvaTrade operates under a different brand, Atrade in Israel, though we have not tested their services.

Therefore, if you do master the platform and decide to switch to another broker at a later date, your skills won’t go waste. On the other hand, if you perfect a broker’s proprietary platform and then leave, you will need to start from scratch with another platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Should you have any additional questions or require any assistance, please do not hesitate to contact us via cs@avatrade or our Live Chat function from our website. AvaTrade gives you a very warm welcome and we wish you lots of trading success; and our team remains available to assist.

AvaTrade Trading Instruments

However, traders will have to deposit a minimum amount of 2,000 USD to access Duplitrade, way above the required minimum deposit. We thought this offering was expensive compared to other similar brokers. On the other hand, the professional trading platform https://forexbroker-listing.com/ caters to the needs of more experienced traders, offering advanced features and tools to support their trading strategies. Overall, AvaTrade provides a versatile trading environment suitable for traders at any stage of their trading journey.

According to our database, 81% of brokers offer general education, 62% offer webinars, 78% offer beginner videos and 48% offer advanced videos. Analyzing our 372 data points for our education category, the average forex broker has 4 of the 6 features we track. AvaTrade has 6 of these features and received an overall rating of 10/10 in the education category, contributing to its overall category ranking of #2 out of 62 brokers overall. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience.

In Europe, they are regulated by the Central Bank of Ireland, while they also have oversight from ASIC in Australia, the FSCA in South Africa, and the FSA and FFAJ in Japan. They have additional regulation in place in both Abu Dhabi, and the British Virgin Islands. All information contained herein should be independently verified and confirmed.

The cost of trading with Avatrade is lower once all other fees are considered. AvaTrade is considered safe, regulated by tier-1 financial regulators. AvaTrade is a reliable trading platform to buy and sell CFDs and Forex products. This review found documented educational resources available for registered users.

AvaTrade Broker Review

The broker’s efforts to meet all needs extends to it offering an extensive choice of top-class trading platforms. The broker’s proprietary dashboards DupliTrade and AvaTradeGO are useful additions while DupliTrade and ZuluTrade offer copy and social trading to complete the package. AvaTrade carries a wide range of educational tools in a webpage dedicated for education. It provides educational content for beginners, focusing on online trading forex, CFD, along with technical analysis. It also provides information on order types and economic indicators that impact currency market. With the firm’s intuitive and simple interface and the solid backup provided by the AvaTrade’s customer support team, a beginner can easily and comfortably navigate through the complex investing world.

Further their minimum deposit requirement is quite high for new traders. In my opinion, AvaTrade are one of the best brokers for trading online. I use them myself and have always been happy with everything from funding my account, customer support to an enjoyable trading experience with any hassle. The service, combined with a deep understanding of the financial markets, allow traders to enter the markets with confidence. AvaTrade keep things simple with the trading accounts they offer. There is the standard retail account and professional account.

Which fees and costs can occur for traders?

The desktop platform of MetaTrader 4 and MetaTrader 5 platforms are supported by AvaTrade and available in 41 different languages. The desktop avatrade review platform is similar to the MetaTrader 4 platform. Compared to the web-based version, the design of the desktop platform is not as nice.

Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. This is a reasonable selection and is fairly average amongst competitors. However, some brokers offer a greater selection, with OANDA and Forex.com offering between 70 to 80 pairs. AvaOptions – AvaTrade offers something that very few brokers will. Options traders can use a dedicated options platform called AvaOptions.

AvaTrade offers AvaSocial, along with ZuluTrade and DupliTrade for social copy trading, and finished Best in Class for 2023. AvaTrade offers 44 forex options, in addition to over 1,200 CFDs. Our testing found AvaTrade to be great for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research. Our ultimate guide to the AvaTrade minimum deposit is updated regularly. AvaTrade’s education section is great, offering several learning opportunities when it comes to trading basics, economic indicators or charting.