Rating: 4.3
Highlights:
- Minimum Deposit: $0
- Charges: Spread, overnight financing, inactivity fees
- Discounts for Active Traders: Available
- Number of Forex Pairs: 55
- U.S. Client Availability: Not applicable
Introduction: AvaTrade is renowned for its exceptional educational resources and diverse trading tools. It provides a well-rounded trading experience for both novice and experienced traders.
Benefits:
- Educational Resources: AvaAcademy features a range of tutorials, webinars, and practice tools.
- Platform Options: Includes WebTrader, MetaTrader 4, MetaTrader 5, AvaOptions, AvaSocial, and Duplitrade.
- Asset Variety: Trade forex, commodities, indices, stocks, cryptocurrencies, and vanilla options.
- Copy Trading Feature: Allows replication of successful traders’ strategies.
- Customer Support: Strong support available through phone, email, and chat.
Drawbacks:
- Inactivity Fees: Imposes a $50 fee after three months and $100 after a year.
- No U.S. Clients: U.S. traders are not accepted.
- No Guaranteed Stop Losses: Risk of slippage due to absence of guaranteed stops.
Broker Overview: Established in Dublin in 2006, AvaTrade operates globally with comprehensive regulatory oversight to ensure a secure trading environment.
Platform Experience: The platform is intuitive and provides a consistent experience across web and mobile interfaces. MetaTrader 4 and 5 are also supported.
Regulatory and Security Measures: AvaTrade is regulated in several regions including Japan, Cyprus, Canada, Abu Dhabi, the EU, British Virgin Islands, South Africa, Australia, and Israel. The platform ensures security with SSL encryption and other protective measures.
Market Access: Offers a broad range of assets including forex, stocks, ETFs, commodities, indices, and cryptocurrencies, with over 1250 available instruments.
Fee Structure: No commission on trades, but inactivity fees apply. Deposits and withdrawals are free.
Account Types: Standard, VIP, and professional accounts are available, each with different features and benefits.Conclusion: AvaTrade provides a well-rounded trading platform with excellent educational resources and diverse trading options, making it suitable for traders of all levels.
