AvaTrade Review 2023 Is AvaTrade Legit or Scam Broker

AvaTrade is legit and regulated by various top financial authorities including ASIC (Learn about ASIC Regulated Blueberry Markets), and CySEC, and licensed by the Central Bank of Ireland. Thus, we came to the conclusion that it is secure and low-risk to trade Forex and CFD with AvaTrade. It’s not a wonder that Ava has earned numerous industry awards in over 10 years of successful activity, in addition to wide support programs launched by Ava.

They provide MetaTrader as well as other systems and have reasonable costs and charges. Trade more than 20 different stock indices from all over the world. There are US, European, Asian, and African stock indices available. AvaTrade guarantees safe customer funds and negative balance protection.

AvaTrade CFDs include a selection of commodities and bonds while shares and ETF offerings are dominated by highly liquid big tech stocks. UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalogue. We found out that the mobile app which AvaTrade absolutely proud of is AvaTradeGO, which is simple to use and offers a wide circle of tools at the same time. The App features a friendly dashboard with advanced tools and step-by-step guidance for trades opening, activity feedback, and support.

AvaTrade additionally maintains more competitive spreads, which add up over time and volume. EToro remains one of the more expensive brokers operational today, as it must generate revenues to pay its leading investors, giving AvaTrade a notable advantage. Available only on tablets and smartphones (Apple or Android), the AvaTrade GO trading platform is a much more modern trading platform than the MetaTrader platforms . It can be learned in a few minutes and allows you to trade on more than 1000 financial instruments for more straightforward and precise trading. From our point of view, it is an effective platform for starting your online investments. AvaTrade has been a reliable broker offering online brokerage services in Europe for almost fifteen years .

Few brokers today can boast of such longevity and have already supported more than 200,000 investors in their online trading. A total of more https://traderoom.info/ than 1,250+ different assets and markets are offered for trading. Choose between a fixed spread account or a variable spread account.

AvaTrade Reviewed and Ranked – Is AvaTrade Good in 2023?

With that many government regulation licences, AvaTrade can be a perfect fit if you are looking for one of the safest options in the industry. If you are looking for a broker that is listed on a stock exchange with all the existing benefits, IG can be a good option. Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.

• While AvaTrade is not publicly listed and does not disclose financial information, it operates under stringent regulation in multiple countries, ensuring a secure trading environment.
• However, AvaTrade customer support is available only five days a week.
• Offering forex, and CFD trading that covers indices, stocks, commodities, and ETFs, AvaTrade provides multiple trading platforms to keep any level of trader happy.
• We found out that AvaTrade is a Market Maker broker that offers a range from Forex pairs and CFD trading to Cryptocurrencies, available to trade with no restrictions on short selling or scalping.
• They offer a variety of in-house educational material as well as content from third-party providers like SharpTrader.

Spreads for other instruments, such as indices and commodities, also vary. Bear in mind that any investment comes with a risk of losing your capital and that when you trade in derivatives such as CFDs, which are more complex and use leverage, that risk is increased. 72% of retail investor accounts lose money when trading CFDs with AvaTrade; before you start, it’s important to understand how these trades work.

AvaTrade Pros and Cons

The traders can choose several trading instruments, which include commodities, stock index, forex, and several more. AvaTradeGO mobile app is user friendly for traders for great mobile experience. The educational content covers a wide range of trading topics such as money management, trading platforms, trading strategies, technical and fundamental analysis, different markets, and much more.

Sixteen commodities and eleven cryptocurrencies provide a refreshing range, but two bonds and five ETFs is less than ideal for anyone who needs a very wide asset offering. The MetaTrader 5 trading platform is the evolution of MetaTrader 4. However, the platform designed initially to succeed MetaTrader 4 has not dethroned the queen of platforms. Allowing you to trade more asset classes (CFDs on Forex, stocks, indices, commodities, cryptocurrencies, and ETFs), the platform remains very similar to MT4. The MetaTrader 4 trading platform is considered a must-have by many investors.

Forex fees are a little higher with about 0.9 pips as the average cost during peak hours. Our review of AvaTrade also confirmed that investors can simply use both MetaTrader 4 and 5 on both PC and Mac. It is very important to note that to experience the full range of investment opportunities at AvaTrade, users will need to use MetaTrader 5 as the other platforms do suffer from limitations. Founded back in 2006, this Irish broker has been offering customer-focused trading services for more than 2 decades.

AvaTrade.com simply the best for all my Trading

This team is available 24X5 over the phone support, live chat, and email. AvaTrade live chat and email address are said to have the fastest response times. AvaTrade recommends automated copy trading platform like ZuluTrade, DupliTrade (education section is good, above the industry average), and MQL5. Using these platforms, traders can copy or mirror the trades of other successful traders. If you are an experienced trader, AvaTrade has different auto trading products, and will be able to receive support from industry experts advisor. AvaTrade’s mobile app with copy trading, AvaTradeGO has positive reviews.

This is especially helpful if you are frequently switching between devices. It doesn’t matter if you have any prior experience, I found the platforms to be easy to use right from the get go. You can also open a demo account for free to try them out risk-free before making a financial commitment. Concluding the AvaTrade review, we admit a safe broker to trade with reliable trading solutions. AvaTrade provides expanded trading strategies and a certain way of dealing with markets and clients that gained a reliable and respected reputation.

Avatrade offers customer support through multiple channels, including live chat, phone support, email, and an online contact form. They have customer support available in multiple languages, including English, Spanish, French, German, Italian, Portuguese, Arabic, and Chinese. Overall, Avatrade’s leverage offerings are competitive with other brokers in the industry and can provide traders with greater trading opportunities. However, traders should always consider their risk management strategies and use leverage responsibly. Customer support is available via live chat, phone, email, and a knowledge base. The broker also provides a range of educational resources for traders, including webinars, e-books, trading videos, and articles.

Its technological capabilities help you gain access to key financial information for clear analysis on what matters each and every day. I like to include this as part of my analysis before making any trades. With AvaTradeGO, I find that trading is made as simple as possible.

71% of retail traders CFD accounts lose money when trading with this provider. You should consider whether you understand how CFD works and whether you can afford to take the high possibility of losing your money. These tools can help with analysing potential trading opportunities and improve your overall trading experience. Most traders could probably make do with the tools already included with the platforms but it is nice to have more available. I always like to experiment with new tools to see if they can help improve my trading strategies. Every so often, you find one that is worth keeping and using on a frequent basis.

We found out that all trading transactions performed on AvaTrade platforms are subject to trading charges that are consisting of Spreads and Overnight fees. It offers social trading through third parties DupliTrade and ZuluTrade, allowing to copy other traders’ activities. It also provides AvaSocial service in partnership with Pelican Trading, an FCA-regulated platform. The broker provides different trading platforms such as WebTrader, Meta Trader 4(MT 4) / Meta Trader 5 (MT 5), AvaOptions, etc.

• EToro advertises 0% commission, but it only applies to non-leveraged buy orders.
• Therefore, AVATrade is also regulated by the ASIC, the BVIFSC, the FSA, and the FSB, which provides further credibility to the broker’s service offerings.
• However, if fee levels are your most important factor, then there are better  alternatives.
• We found out that AvaTrade offers a single Standard account, traders can specify a corporate account or Swap free Islamic account, and also a Demo account to test brokers’ environment.

The broker offers its clients several trading platforms, including MetaTrader 4, one of the most used platforms in the world by active investors . This platform developed by MetaQuotes is a platform offered by many online brokers to their customers. AVATrade demo account offers the same conditions and trading avatrade broker environment as a real account, especially since market maker accounts have different conditions than its ECN counterparts. Even though AVATrade offers the option of trading with a small trading capital, it is crucial for traders to get to grips with the FX markets through a dedicated demo account.

Traders can trade at fixed tight spreads starting from 0.9 pips on major forex currency pairs. When you consider there is no commission fee, this can actually work out cheaper in the long run, depending on your trading strategy. The AvaTrade global Economic Calendar comprises routine financial events which affect the financial markets.

ZuluTrade requires a minimum deposit of $500, while DupliTrade requires a minimum deposit of $2,000 to start social trading. Within AvaSocial, traders can discover successful traders to copy, review their trading history, set budgets and limits, and access automated trading. This platform is particularly beneficial for new traders to develop their skills and knowledge. AvaTrade’s own web platform, Webtrader, may not offer extensive customization options, but it is well-organized and easily navigable, even for novice traders.

I remember them being around since I began trading many years ago. Whilst many brokers have come and gone during this time, they have continued to grow and keep up to date with the latest product and services demanded by traders. You also can switch to MT4/MT5 variable spreads that offer the trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or choose the fixed spread.