BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Most brokers offer the greatest variety in the stock category, and AvaTrade is no exception to this general rule, as it offers hundreds of options to traders. There are 53 currency pairs to trade here, which is a relatively reasonable selection that aligns well with the competition. However, some brokers boast a greater diversity, with OANDA and Forex.com offering over 60 and 55 pairs, respectively. If you are a new trader, the WebTrader platform is one of the easiest platforms we have seen so far on the market. Opening and closing positions take no effort at all, and with the demo account, you can conveniently practice and gain important confidence.
Spreads & Commissions
AvaProtect allows you to protect your funds from losing trades and is a kind of insurance you can optionally add before you make an order. Now, before you get to exited, this option does come with additional fees, depending on the level of risk, volatility, and duration of the protection. It is basically just an additional risk management tool, but definitely interesting for some people. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for avatrade review their needs.
- You can also access helpful services such as Market Trends which provides useful data based on other users’ trading behaviours and sentiment.
- These are two of the most well-respected and widely used trading platforms in the sector.
- As a result of the dealing desk model, AvaTrade features fixed spreads.
Spread Betting Account
It is an extremely unique feature that is utilized by all types of traders, but may be perfect for new traders still getting to know the market too. This is a very popular third party copy trading platform that you can utilize with AvaTrade. It allows you to follow the trading signals and strategies of others that you can then implement in your own trading. This fee does not apply if you are an Islamic trader and have opened an AvaTrade Islamic account that is available on request. Again, the only exception here may be from your bank side if there is a wire transfer, or a currency conversion fee that may be in place. Here you can learn all about trading but with no risk at all since you will be trading with virtual funds.
Smooth and Varied Options
This is determined by the existing price of the instrument and the length of time in the future the option will expire. Overall, we believe AvaTrade is a good broker for online trading. For registered clients, there is the “Ava Academy”, where you can get more content related to technical and fundamental analysis in addition to video and written educational materials. And if that is not enough, you can sign up for a free e-book that offers even more content to digest.
Versatility in Account Options
- I also appreciate the lower investment requirement of $200 or equivalent currency to access the platform.
- XTB was founded in 2002 and is a great alternative for beginners and more advanced traders alike.
- Due to international anti-money laundering requirements, the method of withdrawal has to be the same as the payment solution you used to fund your account.
- There are a total of 19 commodity markets, including all precious metals (gold, silver, and more), energies, and soft commodities.
- Most traders will satisfy it by sending a copy of their ID and one proof of residency document.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker. The withdrawal time can also vary depending on your chosen withdrawal method. The platform also has many charting and analysis tools built in, and although it is slightly less customizable than MetaTrader, it still represents a great trading platform choice. Starting with trade size, at AvaTrade, the minimum trade size you can utilize here is 1 micro lot.
This means that as a forex trader, you can trade from $1000 in a non-leveraged trade. This is also equal to 0.01 standard lots and could decrease further if you are employing leverage. There are several key features that make AvaTrade a popular choice among all types of traders. They make more than 100 global stocks available for you to trade in. These come from major markets in the US, Europe, and elsewhere around the world. If you are interested in crypto trading, you will also be pleased to see that AvaTrade makes 20 crypto assets available for trading.
Michael holds a bachelor’s degree from West Virginia University and is a chartered member and subject matter expert (SME) for the industry-leading Chartered Market Technicians (CMT) Association. As with any financial endeavor, a broker’s alignment should mirror individual trading aspirations and strategies. So, despite AvaTrade’s stellar offerings, make an informed decision in line with your trading priorities. AvaTrade has streamlined its account opening process to provide a hassle-free experience for prospective traders.
The difference is who the account is available for and the level of leverage. The shows the nations each account is available for and the leverage. Trading Central, which sends trading signals to the platform, is also available.
Most interesting is the availability of crypto pairs to different currencies and a cryptocurrency index. The minimum deposit to open an account and start trading with AvaTrade is $100. With this tool, your order ticket will be populated with details related to the options contract, which you can then modify by changing the price and expiration date.
With this in mind, check terms and conditions before opting in. In addition, our team finds that the company processes all transmissions with 256-bit encryption and implements McAfee Secure to protect against fraud during payment handling. With nearly two decades in the business, AvaTrade has built a reputation for reliability, transparency, and cutting-edge technology. Its strict security measures, client fund protections, and adherence to international regulations make it a solid choice for traders at all levels.
Social Trading – Copy Trading
It also has key features which make it a great choice for traders getting started, but seems to fall short on providing execution and slippage statistics. Spreads and price execution appear to be average in comparison to peers, making it a good choice for new traders. Trustpilot reviewers gave it a rating of 4.5 out of 5 on over 8,500 reviews. Support is accessible during forex market hours via phone, email, and online chat. The charting tools on AvaTrade’s web and mobile platforms are clear, easy to read, and a breeze to adjust.
We show the latest reviews
On this app, there are a lot of experienced traders who share their ideas and trades. But the platform is only available for mobile devices at the moment. Get-real trading signals directly on your phone and start trading. In the following section, we will show you the facts about these platforms and how to use them. The well-known Metatrader 4/5 is made for trading forex and CFDs. If you want to trade options, you have to use the platform AvaOptions.
There is no maximum time limit and users have access to $10,000 in virtual funds. The broker offers an excellent education hub through the AvaTrade Academy. The platform provides 20+ online trading courses, with over 100 lessons and 50+ interactive quizzes.
Leave a Reply