Compare the markets and instruments offered by AvaTrade and its competitors. Please note, some markets may only be available via CFDs or other derivatives. I particularly rate the trading platform tutorials, with step-by-step video guidance and informative articles. One major downside, though, is that a $2000 minimum deposit is required, which will put it out of reach for most beginners. Additionally, the quality of market research tools should be valuable for anyone looking to stay ahead of market movements whilst on the go.
- AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders.
- Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list.
- This builds trust among stakeholders in terms of asset handling, financial reporting, transparency, and operational conduct.
- This Top 10 Forex Broker maintains a legit presence across multiple jurisdictions, ensuring compliance, transparency, and trust.
- Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
- Please note, some markets may only be available via CFDs or other derivatives.
Asset List and Leverage Overview
AvaTrade also has an excellent education center, complete with videos, eBooks, tutorials, glossaries, and more. Additionally, whilst there is a dedicated section for trading education, I think the whole site in general is very informative for online traders. One of the stand-out features for me is the Guardian Angel risk management feature, which can be installed on the MT4 platform.
Trading Technology
The choice of copy trading solutions is particularly strong and makes the broker a good pick for aspiring traders and hands-off investors. AvaTrade also offers an intuitive mobile app, AvaTradeGO, which is free to download on Android and Apple devices. The application performed well during my tests, with a clean look and feel, dynamic charting and market sentiment data. A Premium membership program is also available, offering priority support, interest on unused funds, exclusive events and a selection of other perks. The minimum account equity is $10,000 and traders will be automatically enrolled on the program the day after they meet the requirements.
Assets & Markets
The withdrawal time can also vary depending on your chosen withdrawal method. “Platform tutorials notwithstanding, the WebTrader and AvaTraderGo web and mobile platforms would benefit from an expansion of integrated video content.” AvaTrade web trader platform chart layout with watchlist and trading signals and expanded instrument detail with sentiment and contract specifications. Execution statistics are not generally available to the public as of this writing, though they have been in the past and may be again in the future at some time. Information on cash segregation methods, pricing, execution speed, or any recent regulatory oversight is not easy to find published on the website. Funds can be deposited and withdrawn with no penalty using readily available bank transfer platforms.
The bulk of customer support at AvaTrade consists of its FAQ section and its chatbot. 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. Quality research at AvaTrade remains limited to services by Trading Central, which I find an intelligent solution.
- The application performed well during my tests, with a clean look and feel, dynamic charting and market sentiment data.
- AvaTrade has also partnered with Trading Central to offer powerful technical analysis and market insights.
- AvaTrade is an intuitive and easy-to-use brokerage platform that offers surprisingly strong access to modern markets via leveraged instruments such as CFDs, options, and forex.
- This may impact how, where and which companies / services we review and write about.
- Available for iOS and Android devices, clients can interact with other traders via community channels to ask questions on specific strategies or seek out a trading mentor.
As you can see from my analysis below, AvaTrade’s choice of payment methods also exceeds that of competitors, even if its choice of account currencies trails some alternatives.
Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. ForexBrokers.com has been reviewing online avatrade review forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. 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. AvaTrade’s research and information tools are nicely integrated within each platform across its range of offerings.
Trading Fees
It is, therefore, unsuitable for those who lack proficiency and sufficient experience. The minimum deposit at AvaTrade is €100 or the equivalent in another supported base currency like GBP, USD, or AUD. With this in mind, the broker recommends onboarding customers to deposit at least €1,000 for effective trading.
Is AvaTrade copy trading?
Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Some equity traders may achieve a competitive pricing environment on select assets, dependent on trading volume and duration. Index and commodity traders get the best offer, as trading costs here rank among the best industry wide.
Does AvaTrade Offer A Good App?
For those more familiar with MetaTrader 4 and 5 platforms, AvaTrade offers implementations for both PC and mobile versions of those platforms. Our comprehensive AvaTrade review covers all the bases, offering clients a complete picture. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. I find the Analyst Views especially useful for helping discover opportunities. Compare AvaTrade with the top 3 similar brokers that accept traders from your location. I got through to an agent on live chat within 3 minutes each time I tested the customer service.
AvaTrade Fees & Commissions
If you have traded with AvaTrade we would really like to know about your experience – please submit your own review. I was impressed with the functionality of the charts, which have been well-optimized. AvaTrade could improve the user experience by ensuring the whole workspace can be adjusted to the trader’s preferences. The asset search function is easy to locate and I had no issues navigating the market watch window. You can click on the information icon next to each asset to pull out the order window and instrument details. Casual investors should bear in mind that a $50 inactivity fee applies after three months of zero activity, with an additional $100 charge after 12 months.