AvaTrade was found to be excellent for copy trading, mobile-competitive, and generally in line with the industry average for pricing and research.
How to create an account with AvaTrade?
Similar to most other CFD/Forex brokers, creating an account is easy and quick:
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Enter some important personal information (you can use your existing profiles on Facebook or Google as a shortcut)
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Enter employment details, savings, and income status information.
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Participants must answer a few questions to assess their trading experience, expertise, and goals.
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They must upload a copy of their ID card, driver’s license or passport and a recent utility bill or bank statement to verify their identity and address.
AvaTrade features
Account Currencies
leverage
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30:1 (EU)
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Professional (400:1)
minimum deposit
financial instruments
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CFDs
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cryptocurrency
demo account
Copy trade support
Offers
The breadth of markets offered by AvaTrade depends on the trading platform users choose and the global organization of the company that manages the account. AvaTrade offers 1,260 symbols (available in MT5) and almost the same number is available on WebTrader, although a few hundred of these symbols are currently unavailable.
Mobile trading apps
The mobile experience of AvaTrade’s proprietary apps will satisfy the majority of traders (including beginners). However, they are not quite as complicated as the mobile apps offered by industry leaders. However, AvaTrade is evolving in this sector, offering a full range of applications.
Apps Summary: AvaTrade offers its own mobile platforms, AvaOptions and AvaTradeGO, in addition to the full MetaTrader suite for iOS and Android smartphones.
The AvaTradeGo app offers a robust default set of syncing watchlists as well as a volatility protection tool called AvaProtect. AvaProtect allows a trader to reduce the risk of an open position by partially hedging it with a forex option for an additional fee.
Charting: AvaTradeGo app charts have 93 indicators, but accessing them requires numerous steps. However, there are no drawing tools and only three chart types to choose from. Trading Central offers built-in research and related features similar to those found on the web platform. AvaTrade’s mobile charts are nice, but there is room for improvement.
AvaOptions: The AvaOptions app is well designed and displays option chain data in a novel way. AvaTrade overlays strike prices on a chart, allowing traders to change the strike price simply by moving it up or down. There are also fourteen default options trading strategies, and selecting one will load the order ticket with the relevant options contracts. The entire app experience is presented in landscape mode, requiring users to manipulate their phone like a game controller.
Other trading platforms
AvaTrade offers a wide range of copy trading platform solutions.
AvaTrade offers two protected platforms (AvaOptions and AvaTrade WebTrader), DupliTrade, ZuluTrade and the complete MetaTrader suite.
Charting: AvaTrade’s WebTrader platform offers 90 indicators, 13 drawing tools, 10 timeframes and three chart formats for your charts.
AvaTrade’s proprietary WebTrader trading platform includes a well-designed, fast user interface. In addition, Trading Central’s trading tools are instantly integrated into the website. Although alerts are exclusive to the mobile version, AvaProtect is available on both devices.
Copy Trading: AvaTrade’s consistent expansion and improvement of its copy trading product has enabled it to compete with market leaders. AvaTrade offers ZuluTrade, DupliTrade and MetaTrader’s native signals market. AvaTrade launched AvaSocial in the UK as part of its relationship with Pelican Exchange.
AvaOptions: For options traders depositing at least $1,000, AvaTrade offers AvaOptions, its desktop and mobile FX options platform.
research
AvaTrade publishes daily videos and written research content and provides access to Trading Central’s research modules. While AvaTrade has improved in this area, its research offering falls short of that of the leading FX brokers.
Research Summary: In addition to AvaSocial, ZuluTrade and DupliTrade for copy trading, AvaTrade’s research offering is focused on Trading Central. A variety of Trading Central powered services are integrated directly into the AvaTrade web platform.
AvaTrade publishes daily market research articles on its blog, in addition to daily market video updates on its Vimeo and YouTube feeds.
education
AvaTrade offers an extensive range of educational content from its in-house staff, its SharpTrader brand, and third-party providers such as Trading Central. AvaTrade was named Best-in-Class in our 2022 evaluation and ranked second in the Education category.
Learning Feature: AvaTrade’s website contains 103 in-depth articles covering beginner and intermediate trader topics. AvaTrade offers in-depth and experience-specific training. These courses have both video and written content, as well as built-in progress tracking and quizzes.
The 48 AvaTrade educational films cover a wide range of topics, including specific ones like Donchian Channels (what they are and how traders can use them). AvaTrade is expanding its offering by uploading and archiving video webinars to its YouTube and Vimeo channels.
The WebTrader and AvaTraderGo web and mobile platforms would nonetheless benefit from an expansion of the embedded video footage and platform instructions.
Commissions and Fees
AvaTrade’s spreads are close to the industry average at just under a pip (0.9 pips), but are slightly higher than the spreads offered on entry-level accounts on competing platforms.
Commercial Traders: AvaTrade Professional account spreads are competitive at 0.6 pips and comparable to other platforms if one qualifies as a professional trader.
$100 is the minimum initial deposit
AvaTrade User Experience
AvaTrade’s customer service and inclusivity contribute to a positive user experience, and reviews of the broker usually reflect this opinion. Support is available via email, WhatsApp and phone. The AvaTrade website contains dozens of phone lines from around the world.
In terms of language, AvaTrade is pretty comprehensive. The broker offers support in a variety of languages.
advantages
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Founded in 2006, AvaTrade is regulated in three Tier 1 and three Tier 2 jurisdictions, making it a low-risk broker for trading CFDs and Forex.
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In addition to MetaTrader, AvaTrade offers its proprietary AvaTrade WebTrader and AvaTradeGO platforms, which include novel features such as AvaProtect.
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Powered by Sentry Derivatives, the AvaOptions app offers AvaTrade clients an exceptional mobile forex options trading platform.
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AvaTrade offers 44 FX Options and 1,200+ CFDs.
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AvaTrade also offers AvaSocial for social copy trading alongside ZuluTrade and DupliTrade and was ranked #1 in its category in 2022.
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AvaTrade was ranked Best in Class for Professional Traders in 2022.
Disadvantages
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Retail prices are in line with industry averages but lag behind market leaders.
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AvaOptions’ desktop platform loads slowly and has an aged look and feel that doesn’t match the slick, responsive design of the mobile site.
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AvaTrade has at least 351 symbols out of a possible 1,260 queued for both the MetaTrader and WebTrader platforms.
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Research is limited to Trading Central modules and a maximum of two articles and videos per day.
frequently asked Questions
How long do AvaTrade withdrawals take?
AvaTrade withdrawals take one to two business days, which is comparable to the majority of forex brokers. The withdrawal deadline may also vary depending on the withdrawal method used. Although individuals may have been verified when opening an account, their broker may request updated proof of identity and proof of residence to honor their request if a significant period of time has passed.
What is AvaTrade’s minimum deposit requirement?
Depending on the account balance denomination, the minimum deposit at AvaTrade is usually 100 currency units. For example, the minimum deposit for a USD account is $100, regardless of the deposit method (bank transfer or credit card). AvaTrade recommends starting with between 1,000 and 2,000 base currencies of your choice, with EUR, GBP and AUD all provided as alternatives for traders looking for a comprehensive experience across all of its products.
Who is AvaTrade recommended to?
AvaTrade is great for any trader, whether it’s your first day of trading or your thousandth. This broker offers a wealth of educational materials and guides to help beginners break into the rookie trading market. AvaTrade is extensive and advanced enough to keep experienced traders interested so that they will also find it useful.
Is AvaTrade a reliable and trustworthy broker?
AvaTrade is a reliable and secure broker regulated by top tier nations. This online brokerage service offers a wide range of CFDs covering numerous financial assets. This includes stocks, bonds and ETFs. AvaTrade impressed us with their mobile trading app, copy trading, pricing and education.
Does AvaTrade charge an inactivity fee?
AvaTrade only requires $100 to create an account and offers no volume discounts or guaranteed stop losses. They charge an inactivity fee of $50 after three months and $100 administration fee after one year of account inactivity.
Final Thoughts
AvaTrade excelled in the Trading Platform Options and Educational Information for Beginners categories, where it received the title of Best in Class. The breadth of tradable markets has almost doubled year-on-year and spreads are quite competitive for professional traders in the EU.
