AvaTrade Review 2024 Must read for South African traders!

AvaTrade does not charge deposit or withdrawal fees, however, third-party fees may apply. The risk management feature allows traders to protect a specific trade against losses of up to one million dollars over a selected time. With regulations in multiple jurisdictions and unique risk management tools (AvaProtect), AvaTrade sets itself apart from competitors. AvaTrade indicates that it will accept a minimum investment entry of just $100. The company says it set this amount because new traders are often under capitalized. A large Australian operation is regulated through the Australian Securities and Investment Commission (ASIC).

Account funding at AvaTrade

This means if you are a prospective user trading in demo mode, you cannot contact an agent quickly. Pocket Option appears to offer an unusual iteration of the MetaTrader package that doesn’t provide the full suite of tools for advanced traders. Pocket Option offers a free demo account which allows you to test the broker’s services without any financial risk. The virtual sum provided is reasonable, at $10,000, and can be topped up easily.

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Moreover, we also did not find any loyalty program that rewards existing traders. The web platform is easy to learn and the mobile app is great for trading on the go. The firm has hundreds of thousands of traders, multiple industry awards and licenses from reputable regulators. Importantly, I didn’t uncover any reports of scams during my research, and most other user reviews are generally positive. For experienced traders, there’s a good range of sophisticated third-party platforms, including MetaTrader 5, plus a large suite of assets and research tools. Within the Discovery tab of the web platform or mobile app, you can access a wealth of high-quality resources, including market signals, a news feed, and an economic calendar.

See all AvaTrade’s Cryptocurrencies Spreads

Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv. The social copying app, AvaSocial allows users to follow and communicate with other traders and also to copy their trades. You receive real-time updates as other traders enter trades and have the ability to copy them too. The MetaTrader platforms, MT4 and MT5 are used by traders all over the world with full compatibility across Windows, Mac OS X, Android and iOS. As is the norm in the industry, AvaTrade provides access to both of these to their users, free of charge. This extensive range of leading signal providers, apps and trading platforms means that AvaTrade is pushing to firmly position itself at the cutting-edge of social and copy trading.

Does AvaTrade offer access to Crypto trading?

You can get funds instantly into your account if funding via card or e-wallet. The broker takes all reasonable steps to ensure that there is no delay between you placing a deposit or withdrawal request and the transaction being processed. The AvaTrade economic calendar enables you to stay on top of the most important news releases that can have an impact on market movements and asset prices. You can monitor economic events and data releases, understand the impact on the relevant asset and act upon the indicator by trading directly. AvaTrade also provides you with the scheduled earnings releases on a wide range of stocks.

The hamburger menu allows access to account settings, personal preferences, and various trading tools like the trading calculator. At the bottom of the trade execution screen, users can access a small chart of their selected products. Today the firm serves over 300,000 clients who place over 2 million trades every month. AvaTrade was founded in Dublin, Ireland, in 2006 by Emanuel Kronitz and Negev Nosatzki.

However, the minimum deposit you can make via bank wire transfer is £500. Now offering lowered spreads, abundant trading products, reliable pricing, stable, no tricks. Slightly high swap rates, gap fills are not on traders favor so be sure to move stops or limits on weekends or end of contracts. Thanks to its extensive educational content, multiple user-friendly platforms, and, low fees, AvaTrade is well-suited to Novis traders.

AvaTrade has streamlined its account opening process to provide a hassle-free experience for prospective traders. Navigating through AvaTrade’s fee structure, we discovered it has a transparent and straightforward breakdown. This provides traders with the clarity they need in determining its competitiveness regarding fees and commissions. You can purchase Bitcoin through various online platforms or cryptocurrency exchanges. You can create fully transparent, automated trading strategies that take advantage of the movement of the market, current pricing and quick execution to increase profits and reduce losses. This is no different than using bracket orders through a traditional broker, and the interface is just as simple as one you would find through a standard broker.

It is a solid mobile app, bringing the power of the AvaTrade WebTrader trading platform to the palm of your hand, for on-the-go trading. AvaTrade will deduct an inactivity fee from your trading account if you don’t log into your account for at least three months. The currency unit of this fee depends on the currency base of your account £50 (GBP account), $50 (USD account), €50 (EUR account). There’s also a £100 administration fee after one year of inactivity So, unless you’re a fairly active trader, you could get stung by inactivity fees. Negative balance protection is an excellent feature for retail traders who are gaining trading experience and learning how CFDs work.

While the interface may seem old fashion, the platform is light and powerful, allowing for fast execution speeds. Traders can trade directly from charts, make pending orders and instant executions of implement stop-loss orders. AvaTrade have a good selection of research and educational resources for beginners and intermediate traders. You will find powerful market analysis tools including Trading Central along with a comprehensive collection of training materials including articles, eBooks and videos. This shows that AvaTrade are a broker who care about clients making improving their knowledge so that they can make informed trading decisions.

Trading any financial product requires training that can be completed either online or on-site. Currency trading has many elements for a trader to get used to, including the forex trading platform, key market events and dates, the use of leverage and automation. Each forex broker differs in their quality of training and the level that training courses are aimed. If you are new to trading and looking for a user-friendly and simple account type, Pepperstone’s standard account will provide spreads from 0.6 pips with no commission fees.

If you have experience trading with AvaTrade please share your personal review of the broker and what you think are strong and weak points. If you have traded with AvaTrade we would really like to know about your experience – please submit your own review. This average customer rating is based on 4 AvaTrade customer reviews submitted by our visitors. Compare the markets and instruments offered by AvaTrade and its competitors. I particularly rate the trading platform tutorials, with step-by-step video guidance and informative articles.

In short, various tools built into the platforms make AvaTrade stand out. In essence, you can customize studies and build your strategies for success. This company has a great user experience, especially when urgent help is needed. When you open an https://forexbroker-listing.com/ account with AvaTrade, you will have the option of choosing between USD and EUR as your base currency. Additionally, if you’re based in Australia, you can select an account in AUD and if you’re based in the UK you can select an account in GBP.

I have not really tried using the Avatrade features yet but will definitely do so. AvaTrade allows the trading of cryptocurrencies, including Bitcoin and Ripple. AvaTrade offers access to MetaTrader 4, MetaTrader 5, and, its proprietary avatrade review platform, AvaTradeGO. AvaTrade Premium Membership is based on tier levels and the applicant must meet the balance requirement. The balance requirement is the total accumulation of deposits at midnight GMT each day.

Most experienced Forex traders will choose an ECN forex broker as their overall fees are lower. They also have superior execution speeds with traders having direct access to other financial instructions and liquidity pools. Users get a total of 100,000 demo currency credits to test the platform with.

CMC Markets are close behind IG Markets who also have a high market share when it comes to retail foreign exchange in Australia. They have similar forex training features as IG, including videos, demo accounts and videos. An extra feature worth downloading is their eBooks which cover a range of training topics. These are catered for those new to forex trading and intermediate traders. Another popular feature is The Artful Trader Podcast which is where experienced traders are interviewed to hear their stories and tips.

1. Besides services by Trading Central, ideal for beginner traders and those unable to conduct broad-based market analytics, I like the Trading Position Calculator AvaTrade maintains on its website.
2. In my opinion, AvaTrade are one of the best brokers for trading online.
3. In addition to expert advisers for trading automation via MetaTrader 4 and MetaTrader 5, AvaTrade offer DupliTrade (with MT4), ZuluTrade and MQL5 – Signal Service.
4. We use proprietary AI technology to assist in some aspects of our content production.
5. The company is headquartered in Dublin, Ireland, has a global presence and is highly regulated by various financial institutions.
6. AvaTrade have an excellent collection of trading videos and trading guides covering a wide variety of topics related to trading online.

It presents an excellent risk management tool, provides vital trading information, and allows traders to plan and maintain their portfolios. 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. If you’re not sure where to start or if you don’t have time to consider different options, AvaTrade offers a popular feature called DupliTrade, which allows you to copy the actions of expert traders. The minimum deposit at AvaTrade is £100, which allows you to trade all the instruments offered by AvaTrade, including Forex pairs, CFDs, cryptocurrencies and to participate in social trading.