The broker also has very low swaps that are suitable for day and position trading. While deposits and withdrawals are free, the broker charges a relatively high inactivity fee. I performed my tests on a standard trading account using AvaTrade’s web-based platform and the AvaTradeGO mobile app.
AvaTrade Platforms & Assets Review
The broker does not charge handling fees for deposits or withdrawals, though third-party banking fees may apply. My tests indicate that AvaTrade’s standard account type offers more competitive conditions than the average STP account but slightly worse-off conditions compared to the typical ECN account. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
It is the best MetaTrader broker for beginners due to its high-quality education for traders of all skill levels. I like the trading environment at AvaTrade as it presents a range of trading platforms and enough assets suitable for most investors and traders. It also offers one of the best choices for beginner traders and a secure and trustworthy trading environment with a high level of transparency. Overall, I rank AvaTrade as one of the best retail brokers available. 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.
- The AvaTrade blog features brief market commentary, but nothing as valuable as Trading Central.
- Alternatively, there is a third-party copy trading solution, DupliTrade, which enables investors to follow signals and strategies in real-time.
- AvaTrade complies with global AML/KYC regulations, making account verification mandatory.
- It helps the trader see how other market participants are viewing current market developments.
- You have the option to trade stocks instead of going the options trading route if you wish.
- AvaTrade has seven regulators, extensive experience, and remains one of the most transparent brokers.
AvaTrade Customer Service Review
As a result, the numbers speak for themselves, with over two million trades a month at a volume of $60 billion. More than a dozen educational videos are available from the platform. They cover topics such as different order types, essential trading concepts, and more.
How long will it take for my deposit to show on AvaTrade?
Funds can be deposited and withdrawn with no penalty using readily available bank transfer platforms. Bank wires can also be used and will not be subject to fees beyond what the bank’s own policies may require. AvaSocial allows traders on the platform to follow other traders and copy their trade setups. AvaSocial is an excellent starting point to follow other traders and copy their trades on occasion.
- However, potential clients may contact customer support to extend the trial or open a new demo account.
- Each video lasts several minutes and is geared towards first-time traders.
- One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.
- These integrations include signal information, social trading, and copy trading, as well as news and information services.
- AvaTrade explains its products and services well, and I think most will never require assistance.
- In our reviews, we examine the licenses and regulations of each entity operated by a broker.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The minimum deposit at AvaTrade is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card. Yes, AvaTrade is a good broker for beginners based on my assessment. The starting deposit is low, there is a free demo account, comprehensive educational materials, and copy trading solutions. I also found the web platform easy to learn with a user-friendly interface.
What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. For up-to-date fees, check out the trading conditions section of the AvaTrade site found here.
Best for Beginners
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. After rigorously testing AvaTrade’s platforms, apps and tools, I’m happy to recommend this broker to traders looking for a tightly regulated broker with competitive trading conditions. There is something for all experience levels, from beginners to seasoned traders. You can use the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as the broker’s WebTrader, AvaTradeGO, and AvaOptions. The broker has competitive spreads and fast trade execution, but there are several hurdles.
You’ll see how other members are doing it, share charts, share ideas and gain knowledge. As a https://traderoom.info/is-avatrade-truly-a-brokerage-we-can-rely-on/ result, new traders will trade with confidence because of the tools and education the platform provides. Equally important, traders who’ve been around the block will appreciate the platform’s flexibility.
AvaTrade offers no portfolio analysis tools, trade journaling, or tax accounting resources. This protection comes at a cost similar to an option premium; however, the innovation is specific to a given position as opposed to a standard contract specification. AvaTrade is a privately held, Dublin-based online forex and CFD broker.
As you can from my comparison below, AvaTrade offers leveraged trading opportunities in line with competitors. On the downside, AvaTrade does not offer any rebates for high-volume traders. I consider this a more attractive incentive, especially for active traders. I think AvaTrade could strengthen its account offering by providing specialized accounts to suit different styles.