AvaTrade Review Updated year Pros & Cons Revealed

There’s also a demo account which is limited to 21 days, but it seems like you can extend that period if you contact the support team, or at least that’s what it says on the website. You’ll have a virtual balance of $/£/€100K with which to test the platform without risking your own money. If you register or buy a course using our links, we may receive a commission. We don’t offer investment advice, our content is purely educational. AvaTrade’s 48 educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering.

As AvaTrade is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations. Most traders will satisfy it by sending a copy of their ID and one proof of residency document. Quality research at AvaTrade remains limited to services by Trading Central, which I find an intelligent solution.

1. Although this trader may have some level of trading experience, it isn’t substantial enough to be called professional traders.
2. For example, if a trader uses their credit card to deposit $2,000, the first $2,000 they withdraw must also be credited to that card.
3. It also provides information on order types and economic indicators that impact currency market.
4. While AvaTrade has made improvements in this category, its research offering can’t stack up against what the best forex brokers offer.

It is a user-friendly risk management tool that lets investors protect trade against losses up to $q million over a decided period. For accessing this feature, you only need to pay a small hedging fee. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. AvaTrade offers various account types to ensure that users have access to a trading environment that fits their financial circumstances, knowledge, and belief.

AvaTrade Trading Fees

It not only anchors its support around traditional mediums – telephone and email – but also integrates live chat functionalities, potentially providing swift resolutions and personalized assistance. I want to note that the trading environments offered by these seven jurisdictions are significantly different, as the relevant regulators have varying degrees of restrictions. Since most international traders have choices, I recommend selecting the one, if possible, that is best suited to achieve your trading goals. It’s easy to sign up for an account with AvaTrade, and you’ll be able to start trading as soon as you get approved and load funds into your account. You can also start by downloading a demo account which will let you spend virtual funds and start refining your trading strategy.

Also, you won’t be able to invest in other (non-derivative) assets, like ETFs or stocks. It claims to operate as a regulated broker in seven different countries, including Ireland, Australia, Japan, and a few others. It promises a user-friendly platform and it seems to offer competitive spreads (fees).

AvaTrade Range Of Tradable Assets

For those with a penchant for unearthing market trends, the platform’s trend exploration tools and instrument-specific insights are nothing short of revelatory. They shed light on nuanced market dynamics, thus aiding in informed decision-making. AvaTrade supports desktop applications compatible with both Windows and Mac, providing a stable and resourceful trading environment directly from one’s computer. AvaTrade does apply an overnight funding (or swap) fee for positions held overnight, the details of which can be found directly on their platform.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). 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 NL, 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. We use dedicated people and clever technology to safeguard our platform.

Commission & Fees

AvaTrade has about a dozen ETFs to choose from and get started in your journey to passive investing. Among the top ETFs on AvaTrade are Market Vectors TR Goldminers, Dow Jones US Home Construction Index Fund, and S&P 500 SPDR. Up to this point, you have a good idea of what you can trade on AvaTrade. Let’s now look at what you can invest in on AvaTrade i.e., truly buying the asset.

Cryptocurrencies

You’ll pay an annual maintenance fee for your account as well as a spread on every trade you make. AvaTrade offers a number of research options through Sharp Trader, which is its dedicated educational site. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

As for the commissions, the AvaTrade standard account starts at 0.9 pips. While you can always invest in stocks directly, investing through any of the above stock indices is safer. That’s because you get to diversify your portfolio, significantly taking away the risk. AvaTrade has many cryptocurrencies to invest in, and you can be spoilt for choice.

AvaTrade offers clients its in-house developed risk management tool AvaProtect, which insures against losing trades, for a fee, allowing traders a further option to hedge their risk. 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.

Moreover, for the modern-day investor, AvaTrade avails the burgeoning field of cryptocurrency trading, encompassing popular digital currencies like Bitcoin, Ethereum, and Ripple. In addition, traders can delve into global indices, stocks, and even ETFs, opening up a wide realm of trading possibilities. With such a robust offering, AvaTrade solidifies its stance as a broker that looks beyond the traditional. Besides services by Trading Central, avatrade review ideal for beginner traders and those unable to conduct broad-based market analytics, I like the Trading Position Calculator AvaTrade maintains on its website. It presents an excellent risk management tool, provides vital trading information, and allows traders to plan and maintain their portfolios. Traders must consider if the product and services portfolio at AvaTrade warrants higher trading costs, which remains an individual decision.

AvaTrade distinguishes itself with a plethora of sophisticated features, each meticulously designed to elevate the trading landscape and empower its users with unrivaled market insights. Such timely alerts can be fine-tuned to individual preferences, serving as invaluable sentinels in the dynamic world of trading. In addition, AvaTrade also offers AvaOptions, a proprietary platform offering advanced options trading, alongside vanilla options. The broker is attuned to the needs of modern traders, delivering a myriad of platforms each with its own distinct advantages and capabilities.

While most people will need to pay to access this content, AvaTrade clients can access this content for free. AvaTrade allows vanilla options trading for 42 currency pairs plus gold and silver via their AvaOptions platform. The options period can be set for up to one year will be cash-settled using the intrinsic value and closed when expired using intrinsic value.

It also has a copy trader feature that allows beginner traders to copy the trades of experienced traders. In addition, AvaTrade offers high-leverage options so you can trade confidently and with larger positions. With a range of trading instruments, including cryptocurrencies, you have the power to trade anytime, anywhere.