AvaTrade Review

AvaTrade is an online brokerage with an extensive range of trading instruments. This AvaTrade review covers the company’s impressive range of 250+ trading assets, including stocks, commodities, indexes, Forex, CFDs, and cryptos, and helps you compare Avatrade’s trading platform, fees, and education, training, signals, and other features with other alternatives.

Overview

You can also pay through a bank transfer, but this process is much slower than many brokers. There are no deposit fees, and you can choose from various deposit methods. These include credit cards, debit cards, bank wire transfers, and e-wallets. AvaTrade accepts Skrill, Neteller, PayPal, and WebMoney.

Best for Beginners
avatrade fees

AvaTrade

Best online broker with 0% commissions and various assets, including Forex, CFD, and crypto
97%
EXCELLENT

Pros and cons

AvaTrade has a wide range of platforms, tools, and accounts to suit various traders’ needs. From MetaTrader 4 and 5 to social trading, mobile devices, and automated trading, AvaTrade has something to suit everyone’s needs. You can also choose different types of accounts or use a demo account to learn.

AvaTrade is regulated in six different jurisdictions. That makes it legal for most Asia, Australian, and African residents to trade on its platform. AvaTrade charges fees on each trade. However, these fees vary from one cryptocurrency to another. The BTCEUR swap fee is -0.03333% (Sell).

Overnight Fees

While the fees do not exceed one percent of the total account value, they impose a minimum balance requirement to keep your account active. AvaTrade can also charge overnight fees if you hold a position overnight, which is common practice with other brokers.

avatrade review

AvaTrade’s education section contains plenty of articles, videos, and tools. Topics covered include trading strategies, safety, and more. The website also offers a free e-book on trading, which you can download after signing up. The AvaTrade education site also has a glossary of terms used throughout the website. A few of these terms are particularly helpful for beginners. There is also a section for advanced traders with articles on advanced strategies and techniques.

Avatrade offering of investment

You can trade a variety of assets such as crypto, options, currencies & CFD on AvaTrade. The main options that are available to you at AvaTrade are:

  • Stock Index CFD
  • Foreign Exchange
  • Bitcoin.
  • Bitcoin Cash.
  • Bitcoin Gold.
  • Litecoin.
  • Ethereum.
  • Ripple.
  • EOS.
  • Other Contract for difference

Trading Advice: When you buy with no leverage (that means leverage=1), you purchase real stocks and not contract for difference / CFDs. Non-leveraged buy positions for equities, ETFs, and cryptocurrencies (also known as digital currency) are traded as tangible assets.

All other positions are contracts for difference (this applies to CFD traders). Let me give you an example. The leveraged buy positions sell parts of stocksETFs, cryptocurrency, foreign currenciescommodities, and indices positions.

(Be aware of the risks of price movements. we have no information at this moment about fiat currencies)

Manually Changing the leverage is a handy feature to lower the risk of a trade. Unfortunately, You can not change the default leverage level of the products.

AvaTrade Trading platform

AvaTrade offers easy-to-use trading platforms for beginners and experienced traders as one of the best zero commission brokers. They use MetaTrader as the leading trading software. MetaTrader4 broker & MetaTrader 5 enables you to customize your reports and charts fully.

Web Trading Platform

The WebTrader technology powers Avatrade’s web trading platform and is available whenever you have a solid internet connection. Desktop trading is available for windows and Mac users too. Finally, AvaTrade’s mobile trading App, called “AvaTradeGO,” is available for Android and IOS users.

Even though the default language of AvaTradego is English, trading with MetaTrader 4, MetaTrader 5, AvaOptions, and Web Trader supports the following languages: Arabic, Danish, Dutch, Finnish, French, and German, Italian, Japanese, and many more.

In this part of the AvaTrade review, we look at the basic features and drawbacks of this online trading platform and how to get started using it. The company itself is not bad, but some areas need improvements. News alerts and educational videos on the platform would be helpful, but they aren’t relevant to all investment types. The overall design and layout of the website and trading platform are easy to use, so they’re probably not for beginners.

avatrade dashboard new

The AvaTrade trading platform is a versatile and intuitive system that lets you easily place buy and sell orders. It also has customer support, allowing you to ask questions and move up in gear as your trading experience improves. AvaTrade also offers MetaTrader trading platforms, which millions of traders use worldwide.

Platform Security

The firm uses 256-bit SSL encryption to secure client data and money. AvaTrade is also WebTrust compliant, which means it adheres to strict security guidelines.

Webtrader

The platform supports Forex and CFD trading, as well as a variety of social and mobile trading apps. For example, its flagship mobile trading app, AvaSocial, lets clients copy the trades of successful investors. Using AvaTrade is easy and convenient, and you can even get started with a minimal initial deposit and a generous bonus program.

Mobile Trading Platform

AvaTrade offers three mobile trading platform for iOS and Android users. The apps feature advanced dashboards, intuitive management tools, and clear charts that allow traders to zoom in and out to see more details. Users can also place trades in real-time and see the current price of stocks.

Trading App

Many features are available for Avatrade’s iOS and Android mobile trading apps, including virtual insurance. Virtual insurance allows traders to set up an insurance period before opening a position. Virtual insurance is activated before opening a position, so traders can keep an eye on their accounts without needing to constantly monitor them.

Desktop trading platform

AvaTrade offers traders three types of order execution for their trading activity. Market orders are executed at the current market price, while limit orders set a maximum and minimum price for the buy or sell transaction. In most cases, both types of orders will be executed at the specified price. However, there are some differences between these orders. A standard account allows you to trade with up to thirty times leverage. You can use a standard account if you prefer a lower leverage level.

Avatrade MetaTrader 4

The AvaTrade desktop platform is identical to the web version but has more advanced features. You can set alerts and notifications for your trading activity with this platform. Avatrade’s MT4 trading platform has 24 graphical objects and 30 built-in indicators and is fully customizable. However, the company’s proprietary web trader does not offer algorithmic trading.

Account type

AvaTrade offers four account base currencies: USD, EUR, GBP, and AUD. Customers in Australia and the United Kingdom can choose between AUD and GBP. While AvaTrade does not accept US citizens, it does offer a regulated account with Friedberg Direct, a regulated investment firm based in Canada. AvaTrade trading fees can vary depending on your location.

The minimum deposit amount is 100 USD, and you must provide proof of identity and address to fund the account.

You can also open a retail account, spread betting account, and options trading account. The broker also offers demo accounts and Islamic accounts. Professionals and Islamic traders can use the leverage of up to 1:400.

Deposit & withdrawal Reviews

Our Avatrade deposit & withdrawal review will look at how the broker handles deposits and withdrawals. Generally, the deposit and withdrawal options are free of charge, except for wire transfers, which are subject to a small transaction fee. Users can use a credit card, wire transfer, or an e-payment method when depositing.

Minimum deposit

The minimum deposit via credit card is $100, while the minimum deposit via wire transfer is $500.

Withdrawals are the fastest way to fund your account, but the process is not without its drawbacks. To withdraw, you need to deposit $500 or more. AvaTrade doesn’t charge withdrawal fees, but you should check the prices and transfer times before depositing or withdrawing money.

How to deposit funds to AvaTrade?

Users can use credit cards, wire transfers, and eWallet services to deposit money. Most of the deposit methods are fee-free. There are no transaction fees with the credit card deposit method. What payment methods AvaTrade offer to deposit capital funds and withdraw your earnings?

AvaTrade is one of the rare brokers that accept PayPal. Besides, you can deposit to the AvaTrade platform via any of these payment methods:

  • Credit card
  • Wire transfer (NatWest, Barclays, UniCredit)
  • Neteller
  • Webmoney
  • DinPay
  • FasaPay
  • Moneybookers
  • Safecharge
  • VoguePay (PraxisCC55)
  • Skrill
  • F2P CUP
  • Paysec
  • G-Card
  • UnionPayBT
  • UnionPay
  • Tranzilla
  • Veritrans
  • POLi (AvaTrade Australian clients only)
  • Ideal –An Instant Bank Wire Transfer for the Netherlands.
  • Min deposit: 100 Euro
  • Max 30K Euro
  • Klarna (Sofort) – An Instant Bank Wire Transfer for Germany, Austria, Belgium, Netherlands, Italy, France, Poland, Hungary, Slovakia, and Czech.
  • Rapid Transfer
  • WebMoney
  • Perfect money

How long does it take to withdraw money from AvaTrade?

To withdraw money from AvaTrade, you must complete KYC verification. You can do so by providing your social security number and email address. Once you have verified your identity, you can withdraw funds up to $1,000. Withdrawals may take two to five days to process.

Avatrade main features

AvaTrade’s main features include a diverse array of financial assets, low spreads, and a basic hedging platform. It has more than 50 currency pairs and can offer leverage up to 400:1. The platform provides options trading, an economic calendar, and research tools. AvaTrade has been ranked the Best in Class for Professional traders since 2022.

One of AvaTrade’s main features is the fact that it has multiple trading platforms that you can use to trade currencies, commodities, stocks, and more. In addition to Forex, they offer CFDs in various asset classes and spot forex. With more than 300,000 traders registered, they place over 3 million trades per month and have executed more than $1.47 trillion worth of transactions.

Trading Risk Calculator

To learn how to trade, beginners should start with learning about risk management. They must consider their profits and losses and the costs of trading. AvaTrade has a Trading Calculator that helps traders determine their risk and profit before entering a trade. The calculator also provides tips on margin requirements and swaps.

login & security

AvaTrade has strict security measures in place to protect your personal information. The website uses 256-bit SSL encryption and McAfee anti-fraud software to protect your account from credit card fraud and identity theft. They have also launched an app for mobile devices called AvaTradeGO that includes AvaProtect, a risk management tool. It is available for ios and Android devices and is available in English.

Search functionality

Avatrade’s proprietary web platform covers various topics, including market information, tutorials, and articles. Its search functionality is good, although it could use a few more improvements. The web platform offers several ways to deposit funds, and users can choose between various withdrawal methods. AvaTrade also provides user-friendly research tools and daily market analysis. The search functionality is buggy, though it works well enough for beginners.

AvaTrade is a reliable and trustworthy broker, with 0% commission on trades.

Copytrading

Avatrade copy trading reviews will help you choose the right strategy. The brokerage company keeps developing copy trading features, making them one of the top copy trading brokers. For instance, they recently launched a social trading platform called AvaSocial. AvaSocial lets users follow other traders, copy their trades, and access a blog.

If you are interested in Robo-advisors, and automated trading, then Zulu and Dupli Trade and MQL 5 trading signals are your options. Luckily AvaTrade Offers these services to traders.

The platform allows users to follow the trades of expert traders who are already successfully copying their works without changing strategy. The copy trading software will enable you to change the settings on the copied trades to maximize your profits. To ensure you are making a good investment, you can choose to invest a minimum of $5,000. The company will show you your profits, wins percentage, and the number of followers you have.

Negative Balance Protection

AvaTrade provides negative balance protection, preventing you from losing more than you have deposited. Negative balance protection is essential to protect your funds, and AvaTrade provides it for its professional customers. Traders who open a professional account are not withdrawn from the negative balance protection.

AvaTrade provides negative balance protection and segregated accounts, which may benefit traders who do not want to risk their funds.

AvaTrade’s negative balance protection is more flexible than Plus500 or eToro. It uses artificial intelligence to control liquidation orders and funds your account with its funds in rare cases. This feature is beneficial to new traders who are new to the crypto market. Negative balance protection is also offered by eToro, which automatically liquidates open positions when the balance reaches zero. It is important to note that negative balance protection has specific conditions.

Is AvaTrade Safe?

AvaTrade is regulated globally and has millions of dollars in client funds. As a result, it is considered a safe brokerage. In addition, AvaTrade follows WebTrust and best practices in information security to protect its clients’ money and personal information.

Still wondering, is AvaTrade safe to use? The company strictly adheres to anti-money laundering (AML) regulations. You can withdraw your deposit to a credit card or debit card in your name.

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AvaTrade has a good reputation for safety. Its regulated and licensed entity offers numerous additional protection schemes for investors. In Ireland, for instance, your deposit is protected by the Investor Compensation Company for up to EUR20,000.

While AvaTrade does not require a minimum amount, it does recommend putting down one to two thousand units of your preferred base currency.

AvaTrade also features user-friendly search functions and daily market analysis research instruments. While many investors may be skeptical, it has been proven a safe brokerage for investors and busy traders.

AvaTrade offers more than 200 assets to choose from.

Is AvaTrade legitimate?

The company has a presence in most markets and has physical offices in several countries. This demonstrates that its services are legal and are delivered under regulatory agencies. The opinions of AvaTrade clients vary widely, with feedback ranging from scam accusations to glowing reviews. Still, there is a lot to like about this company. It has been in business for 14+ years, and its services have received high ratings from many users. Some users have even been able to withdraw their funds in a hassle-free manner.

While AvaTrade offers competitive trading conditions, it is not a high-risk broker.

News feed

AvaTrade offers a news feed that displays economic data and analyses recent news events. These data are vital for predicting market reactions. In addition, the newsfeed allows users to create price alerts, which send signals when an order is executed or if a margin call is forthcoming. This feature makes the newsfeed an invaluable resource for traders of all levels.

In addition to the news feed, you can use the ninety technical indicators. Other resources include articles on fundamental analysis and reports on technical analysis. The company offers numerous deposit and withdrawal methods and user-friendly search functions.

AvaTrade Review Economic Calendar
Avatrade economic calendar

Customer service

When it comes to customer support, AvaTrade excels. They offer email, phone, and live chat support. You can also call them at any of 39 local phone numbers. They have a comprehensive FAQ section on their website and know they answer emails promptly. Their live chat option is particularly helpful because they can answer almost any question in just 15 minutes. This is one of the most important aspects to note when evaluating the customer support system of a broker.

User experience

Although AvaTrade’s website is user-friendly, it can sometimes be a bit confusing. Thankfully, the company has a search bar in the upper-right corner and a live chat button on the homepage. Still, it may be best to call if you have a question that’s unclear to you and you’re unsure how to find the answers to your questions. Many other brokers don’t have these features, but AvaTrade’s live chat option makes it easy to contact the customer service team.

Avatrade leverage

AvaTrade offers up to 400:1 leverage, which varies by asset class and jurisdiction. This means that a trader can open a position worth $100,000 with only $250 and profit $1,000 with every one percent change in the market. By brokers comparison avatrade trader with 250:1 leverage would profit $2.5. AvaTrade also offers a free demo account to familiarize yourself with the trading system. However, be careful when using leverage, as it can suffer a negative balance if the trader’s trading account goes negative.

AvaTrade has excellent trading conditions, including scalping and hedging. It also offers copy trading services using third-party services and MQL5 signal providers. However, the downside of this broker is its inability to change the leverage level you are using. This is because Australian regulators have banned the use of leverage by retail brokers as of March 29, 2021.

Inactivity fees

AvaTrade inactivity fees are deducted from your account if you do not make any trades in a given period. Most brokers charge around $10 to $15 per month and start charging after a year of inactivity. AvaTrade’s inactivity fee is $50 per month. This fee is unnecessary if you have an account with them but do not trade much.

Avatrade Reviews

Avatrade crypto Trading

AvaTrade is a popular cryptocurrency broker that allows trading crypto with fiat currency. In addition to Bitcoin, the company also offers several other cryptocurrencies, including Litecoin, Ethereum, and Bitcoin Cash. AvaTrade offers leverage up to 30:1 and tight spreads of just 0.9 pips. However, it is essential to note that 71% of retail investor accounts with this provider lose money.

Trading ideas

AvaTrade has many advantages over traditional stock brokerages. Its customer-focused approach offers a plethora of stock market instruments, including commodities, stocks, indices, Forex, CFDs, cryptos, and more. Yet it offers no trading ideas.

Fundamental data

AvaTrade offers a comprehensive set of charting tools, including fundamental data analysis. With over 60 technical indicators, fundamental data helps investors evaluate stocks. Many traders use chart patterns along with news events to determine intrinsic value. With the right tools, fundamental data analysis can be as simple or complicated as you want it to be. But how do you use it? Read on to learn how to make the most of this powerful tool. We’ll cover some of the critical elements of AvaTrade’s fundamental data.

Top Forex Currency Pais

AvaTrade privides updated market data about equity, indices, and options. The company also offers instruments, such as 55 vanilla options, two bonds, a wide range of currency pairs, and share CFDs from multinational energy companies and famous US technology firms.

Its comprehensive list of indices includes VIX trading on the VIX index. AvaTrade has a high trust rating and offers various services and tools to help clients trade and invest.

Why Trade with AvaTrade?

AvaTrade started offering trading services in 2006 and gained a reputation as one of the best forex brokers internationally and a trusted online broker with a solid Forex and Contract for Difference portfolio. The trading fees are low, and there is no extra fee for withdrawal.

Regulation & Licenses

The Trading Platform AvaTrade is regulated by various financial authorities worldwide and holds six financial regulatory licenses on five continents. It is licensed in Ireland by the Central Bank of Ireland and is regulated by the Investment Industry Regulatory Organization of Canada.

The Financial Futures Association of Japan and the Financial Services Agency regulate the company’s Japanese and Australian subsidiaries. AvaTrade also has a presence in South Africa, where it holds licenses from the Financial Sector Conduct Authority of South Africa.

Is AvaTrade Regulated?

Not only the brokerage company is safe to trade with, but AvaTrade is also fully regulated in the majority of jurisdictions, including:

  • (ASIC) in Australia, also known as the Australian Securities and Investments Commission
  • (FSCA) in South Africa, which is known as Financial Sector Conduct Authority
  • In Japan, they are governed by both (FSA), the financial service agency, and (FFAJ) Financial Futures Association of Japan.
  • The Central bank of Ireland and BVI from the British Virgin Islands

Even though AvaTrade is not publicly listed on any stock exchange, its leadership maintains its reputation as a safe and trusted broker since top-tier financial authorities regulate it.

AvaTrade has offices in Europe, Asia, and the UK and is headquartered in Dublin, Ireland. Its management team is comprised of financial professionals with experience in online trading.

Is AvaTrade a good broker for beginners?

avatrade education
Avatrade education

AvaTrade is a great online forex broker that caters to newbies and experienced traders. Its user-friendly platform has easy-to-use features and allows users to access all the critical functionality directly from the web browser. For starters, the platform avatrade review lets users access technical indicators and studies.

You can choose trading time frames as short as five minutes and go as long as one month. The Trading Central tool lets users quickly find the best trades and patterns while using live market sentiment. This tool helps traders stay ahead of the market without conducting complex technical analysis.

  • Like the other brokers, you can have a Standard Account as an individual.
  • You can hold a corporate account as a business or legally registered entity.
  • The third type of trading account is designed for Muslims interested in online trading. It is called Islamic Trading Account, which doesn’t charge swaps for your account.

Tip*: you can open a Professional Trading Account by request only if you prove that you had to hold half a million Euro portfolio in the past year.

You can expect a very easy, smooth, and professional process to open your account with AvaTrade, which takes only one day; It’s super easy to place an order, and you will be guided throughout the process. As for the demo account forex brokers, you can immediately open and begin using it. Here is a list of AvaTrade account fees:

  • Account currencies: AUD, JPY, GBP, USD, EUR, CHF
  • Minimum deposit: $100 | €100 | £100
  • Maximum leverage: EU – Up to 30:1, Professional Client/ROW up to 400:1
  • Minimum trade size: 1,000 units on Forex pairs
  • Spreads: EUR/USD

For EU:

  • Retail spreads: as low as 0.90
  • Pro Spreads + Canada: as low as 0.60

For BVI – as low as 0.90

  • Spread betting: UK & Ireland (only in GBP Currency)
  • Scalping – Millisecond trading
  • Hedging – Open Buy & Sell positions simultaneously
  • Free demo account – active for only 30 days
  • Vanilla options (AvaOptions): Forex pairs, Gold & Silver
  • VIP account: Yes
  • Demo account: Yes
  • Islamic account: Yes
  • Segregated account: No
  • Corporate account: Yes
  • Managed account: Yes
  • Institutional account: No
  • Trading desk type: Dealing desk + Market maker

The AvaTrade demo account has the same features as a live account. The only exceptions are the VIP and professional account types. This demo account is a great place to test the waters and learn more about this broker before committing to a live performance. In the EU, the retail account offers leverage of 30:1, the maximum permitted under ESMA regulations in Europe.

For a corporate account, you must upload documents to prove your identity. AvaTrade requires that you have a corporate board resolution and a certificate of incorporation.

how to open an AvaTrade account

Before starting trading, you need to know how to open an AvaTrade account. You can sign up on the website by following the steps outlined on the homepage. The first step is to select the trading platform that best fits your needs.

You will need to enter your account’s email address and password. You will also need to enter your personal information, including your full name, date of birth, and telephone number. Once you have entered all of this information, you are ready to open an account.

You will be asked to confirm your address and identity during the registration process. After verifying these details, you are directed to your account dashboard. Once you have done this, you can deposit or withdraw money to your trading account.

AvaTrade offers the following platforms: WebTrader, MetaTrader 4, and MetaTrader 5. You can choose between demo accounts and live trading accounts.

Once you’ve set up your account, you’ll select a currency and trading platform. You can also choose the source of your trading funds. You should also indicate your level of experience in trading and your current financial market. The AvaTrade user experience will vary depending on your personal preferences, so take a few minutes to fill out the registration form.

To begin trading with AvaTrade, you need to decide what types of accounts you should open. The good news is that opening an account with AvaTrade takes just about a minute. Once your account is approved, You can begin trading Forex, CFD, or even get busy buying and selling bitcoin or any other cryptocurrency you like.

How to open a Demo Account?

An AvaTrade demo account is a great way to test out trading without risking your own money. All you need to create a demo account is an email address and a password. The demo account expires after 21 days. Once the demo account expires, you can either choose to extend it or create a new one. In both cases, you will be given access to a dashboard where you can see your trades and monitor your account.

The AvaTrade demo account allows you to practice trading with virtual money, equivalent to $5000. However, virtual money is only available in the UK. Once you have gained experience, you can sign up for a live AvaTrade account. The demo account provides you with the same trading features as your live account, including chart styles and features. Despite the differences, the demo account can help you test your trading skills before committing your money to real trading.

For beginners, I suggest opening a demo account on AvaTrade, which is excellent for practicing. Once you feel confident, you can upgrade to a real trading account, which allows you to trade in the real financial market.

How much are AvaTrade Fees?

AvaTrade charges trading fees when you buy or sell an underlying asset. You need to keep an eye on other broker fees, such as trading and non-trading fees.

Trading fees

Trading fees are straightforward to understand. Those fees only apply when you trade CFDs or trade anything. These fees are relatively low when you choose interactive brokers.

When you talk to a frequent trader, you will always hear these terms because trading fees come in the forms of:

(‘Plus500 does not offer hedging orders’)

Non-trading fees

There are also Non-trading fees. These charges are not related to what currency or options you trade or what stock market you are looking after. They are broker’s fees such as withdrawal and inactivity fees.

When you trade with AvaTrade, you can choose from these five base currencies: USD, EUR, CHF, AUD*, GBP**

  • AUD currency is for AvaTrade Australia Clients*
  • GBP Pound is only for clients from the UK.**

Zero commission

Despite being a market maker, they provide zero commission, free withdrawals, a free demo account, and educational tools.

etoro fees vs avatrade

To withdraw funds from your AvaTrade account, log into your account and click on the menu icon. Fill out the required fields and click “Withdraw.” Usually, withdrawal requests are processed within one business day, but withdrawal requests to credit cards, e-wallets, or wire transfers may take up to 10 days.

The minimum deposit is USD 100.

The AvaTrade fee structure largely depends on the bid-ask spread for currency pairs. These spreads are constantly changing and tend to be higher for less popular currencies. The EUR/USD pair, for example, has a spread of 0.9 pips, while the NZD/USD pair has a spread of 1.8 pips.

If you want to know whether AvaTrade is a good broker for online trading, you must understand that You can not set the leverage to one and trade other real stocks and ETFs.

The S&P 500 CFD, Europe 50 CFD, and EUR USD fees are built into the spreads.

  • ✓ For S&P 500 CFD, the fee is 0.5 average spread, considered below average.
  • ✓ For Europe 50 CFD, the fee is one pip average spread cost, which is considered low.
  • ✕ For EURUSD, the fee is 0.9 pips average spread.
  • There will be a $50/m inactivity fee if you leave the account dormant for at least a quarter.

Let’s deep dive and look at AvaTrade’s fees for Forex and CFD trading. In the tables below, we will also compare AvaTrade and two alternative brokers to show you their fees.

This comparison scenario runs this way: A typical trade here means buying a leveraged position, holding it for seven days, and selling only after that period. (Let’s consider this scenario for illustrative purposes as prices may always change in the real market)

  • * Volume: a $2,000 position for the stock Index
  • * Volume: a $2,000 position for CFD
  • * Volume: $20,000 for the forex transactions.

The leverage in these scenarios are:

  • • 20:1 stock index CFDs
  • • 5:1 CFD
  • • 30:1 forex

What is the Best No Commission Trading Platform?

Compare AvaTrade Alternatives.

Forex ScenarioAvaTradeXMPlus500
EURUSD19.217.117.2
GBPUSD15.713.814
AUDUSD1213.912.6
EURCHF8.59.19
EURGBP1412.212.6
CFD ScenarioAvaTradeXMPlus500
S&P 500 index CFD fee$0.9$2.4$2.1
Europe 50 index CFD fee$0.6$2.4$1.3
Apple CFD fee$4.1$3.4$8.9
Vodafone CFD fee$6.1$5.6$7.6

You can't use multiple times the same shortcode.

You can't use multiple times the same shortcode.

“Illustrative prices.”

As you can see in the table above, we reviewed three Low Fee Brokers in September, 2022 and compared AvaTrade fees with the other top brokers. You can check them by clicking here: XM review and Plus500 Review.

Does AvaTrade offer Trading Bonus?

AvaTrade offers a 20% welcome bonus to new traders. Make sure to use them when you open your real account. AvaTrade charges you no fee for the initial deposit to start stock trading forex. You ought to remember that to guarantee money; you must use funding sources in your name.

If you decide to open your real trading account, you might have a chance to enjoy AvaTrade’s 20% trading bonus. In these cases, terms and conditions always apply to withdrawing your cash. The minimum requirement to withdraw commission from AvaTrade is this: “To withdraw your bonus, you are required to execute a minimum trading volume of 10,000 in the account’s base currency for every $1 bonus within six months.

Can I buy Cryptocurrency with Fiat currency?

When trading crypto with AvaTrade, you can use AvaOption or Webtrader to trade Crypto, Forex, CFD, and shares with Fiat currency. Since AvaTrade allows trading cryptocurrencies against fiat currencies, It’s one of the best crypto brokers to buy bitcoin.

Research

AvaTrade provides several trading tools, including an economic calendar, earnings calendar, and technical and fundamental analysis. The website is available in 29 languages, including English, French, Spanish, Japanese, and Arabic. In addition, the company posts daily blog posts in English and many other languages. Its research team strives to form an honest impression of the markets daily. AvaTrade’s research team also offers daily market analysis videos on YouTube.

AvaTrade also offers no commission trading; still, it is essential to note that its retail traders pay higher spreads than professional traders. Even though AvaTrade aims for transparency, its website and marketing materials are still confusing and may put off prospective clients.

Education & Training

As for education, if you are looking for many trading guides, to begin with, our trading hub is a good resource since we have hundreds of investment guides and detailed reviews on brokers, tools, strategies, and more. (We do not offer investment advice and guarantees).

Regarding research and technical analysis tools, AvaTrade is above average. Generally, conducting technical analysis in CFD & Forex trading means paying attention to the historical data and charts to make better decisions. In AvaTrade, you can access the following trends:

  • Short term
  • Intermediate-term
  • Long term trends

Put, whether you need a chart or list of assets, you can quickly generate all the reports you need, track your trading portfolio performance, and be on top of the game. It’s pretty easy, and you can see apparent profit/loss or commissions paid reports.

AvaTrade is the best broker for beginners, and tutorials are pretty comprehensive. Not only will you get a demo account, but you will also have access to in-depth articles and lots of videos (about trading software and trading strategies).

Another advantage you get is having access to SharpTrader. It provides you with around 200 articles, trading videos, and plenty of other educational tools, a great broker to start for beginners.

This is the summary of AvaTrade’s Research & Education:

  • Daily Market commentary: Yes
  • News (Top-Tier sources): Yes – MT5 Only
  • AutoChartist: Yes
  • Trading Central (Recognia): Yes
  • Delkos Research: No
  • Acuity trading: No
  • Webinars: Yes
  • Video education: Yes
  • Economic Calendar: Yes

What are AvaTrade Alternatives

One of the primary complaints about AvaTrade is that it charges a fee for inactivity. Inactivity fees are incurred when investors do not make trades for a while.

Other features that make AvaTrade better than similar brokers include lower minimum deposit requirements.

We have selected three alternatives based on their portfolio, Apps, fees, and trading platforms to compare with AvaTrade. You can compare AvaTrade vs eToroIG, vs Plus500Markets.com

Conclusion & Summary of Review:

The Avatrade review sums up the pros and cons of these forex broker reviews. The customer support is excellent, and the demo account helps get a feel of how the service works. Notably, most Avatrade clients are from leading financial authorities. Nevertheless, the forex fees charged by Avatrade are not very low, and the withdrawal process can take up to 3 business days. Some other negatives of Avatrade are limited customizability, no two-step authentication log-in system, and no price alerts yet.

In terms of features, the Avatrade review highlights the fact that the company offers competitive spreads. Depending on the type of account, the EUR/USD spread can range from 0.6pips for ‘Retail’ marked accounts to 0.9pips for ‘Pro’ accounts.

Overall, besides being a low-fee broker in September, 2022, AvaTrade is a safe and regulated broker; it’s also one of the market leaders in the Fx trading industry. Forex trading with AvaTrade is very cheap.

Regarding online trading, customer service plays a significant role in trader satisfaction scores. Overall, the AvaTrade customer care team responds fast via email, phone calls, and live chat, but they have not established a 24/7 support process (Don’t count on weekends). They have a good quality live chat system to help in English, and the good thing about it is its short time queues.

Their negative side is not having plenty of research tools and having high inactivity fees. If you are ready to trade, ensure you are aware of the risks. If not, it is an excellent platform to start with a demo account and then move to online trading; remember, the minimum account deposit is $100.

The broker offers access to over 250 instruments, including NASDAQ stocks.

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