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AvaTrade Review 2024: Pros & Cons

AvaTrade Review 2024: Pros & Cons

avatrade broker

The minimum advertised spreads for FX majors are in line with the industry average with EUR/USD at 0.9, USD/JPY and AUD/USD at 1.1, GBP/USD and USD/CHF at 1.6, NZD/USD at 1.8, and USD/CAD at 2.0. As is the norm in the FX industry, clients will be charged swap fees on positions they https://traderoom.info/ hold overnight. That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps. Whether you are a new trader or an expert, it’s important to be able to get in touch with customer support as easily as possible.

AvaTrade Spreads

They should satisfy the needs of those that require these features. AvaTrade partnered with Trading Central in 2020, an independent provider that offers trading signals and analyst recommendations. Headquartered in Dublin, Ireland, AvaTrade has satellite offices throughout Europe and the Asia-Pacific region.

About the Editorial Team

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However, the broker notes that processing and receiving your funds may take up to 10 business days. The website and marketing material aim for transparency, but they could be confusing for prospective clients who are looking for information https://traderoom.info/is-avatrade-truly-a-brokerage-we-can-rely-on/ about account types, spread schedules, and fee listings. AvaTrade indicates that it will accept a minimum investment entry of just $100. The company says it set this amount because new traders are often under capitalized.

How long does it take to withdraw money from AvaTrade?

It provides an international phone number as well as a laundry list of local phone numbers covering its numerous jurisdictions and EU member states. AvaTrade provides a rich array of educational content from its in-house staff and its AvaAcademy, as well as from third-party providers such as Trading Central. AvaTrade earned Best in Class honors for our Education category in our 2024 Annual Awards. The following table summarizes the different investment products available to AvaTrade clients.

Forex, Gold & Silver:

The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity. Yes, based on your detected country of UA, you can open an account with this broker. 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. Alpari Comoros does not provide services to residents of the USA, Japan, Canada, Myanmar, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.

Table of Contents

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Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

E-mail and phone support are equally available, and the multi-lingual customer support team stands by during market hours. AvaTrade explains its products and services well, and I think most will never require assistance. In case the need arises, AvaTrade ensures easy access to customer support. The regulatory environment at AvaTrade is outstanding and one of the most trusted industry wide. AvaTrade segregates client deposits from corporate funds and offers negative balance protection. Select jurisdictions also maintain an investor compensation fund.

  1. The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds.
  2. Each year, we collect thousands of data points and publish tens of thousands of words of research.
  3. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list.
  4. The broker’s top-notch educational center, AvaAcademy provides a wealth of high-quality training materials, and it remains one of the best overall resources for new traders across the industry.
  5. AvaTrade segregates client deposits from corporate funds and offers negative balance protection.

Quality research at AvaTrade remains limited to services by Trading Central, which I find an intelligent solution. It frees up resources and allows AvaTrade to focus on its core business while presenting clients with a trusted third-party solution. The AvaTrade blog features brief market commentary, but nothing as valuable as Trading Central. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

Client trades “crossing” the bid/ask spread is the principal means by which AvaTrade generates revenues. Retail traders are charged higher spreads than professional traders, but the requirements are such that few clients will be able to obtain that latter designation. Over 250 assets can be traded on the AvaTrade platform, including major, minor and exotic currency pairs, commodities, indices, and shares.

At Avatrade traders can trade a range of popular cryptocurrencies, like Bitcoin plus Bitcoin Cash, Litecoin and Ethereum. AvaTrade has 55 currency pairs, 16 cryptocurrency pairs, 27 commodities, and 31 index CFDs. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list. I like the asset selection as it remains a well-balanced choice of trading instruments, suitable for all traders. Traders also have automated trading platform choices including ZuluTrade, which can be integrated into MT4, downloaded as an app or traded over the web.

The safety and security of traders is sacrosanct, with ironclad security protocols in place, AvaTrade demo trading for new traders, and rapid onboarding. Perhaps the most useful features of the trading platforms are the educational tools and resources. AvaTrade is a regulated platform that offers traders excellent trading conditions with moderate fees.

This versatility ensures that traders with diverse interests and strategies can find their niche. It is a simple yet effective app that provides traders with all the features they need to trade on the go, including real-time quotes, live charts, market news and analysis, price alerts, and more. You can download the app and access mobile trading by following the AvaTrade login procedure. If you don’t have an account, you must follow the AvaTrade registration procedure, as explained earlier. Once you have registered, you can login with your AvaTrade account information. For example, if you have a demo account, you can login with your AvaTrade demo account login information.

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