AvaTrade Review Updated year Pros & Cons Revealed

If so, I’ve curated a list of alternatives that may be useful for you. On the other hand, it can be your gateway into the world of trading via CFDs (contracts for difference). This type of product is suitable for short-term speculation, as the trading cost (the spread that I mentioned earlier) is low. Bear in mind that the fees fluctuate; the table above refers to the fees as of 24 January 2021. If you are afraid that AvaTrade might be a scam, rest assured that it is regulated in a number of (reputable) countries, with many regulatory bodies supervising its activities. It’s possible to contact AvaTrade via phone or chat (which isn’t always available).

1. After three months of inactivity, AvaTrade charges a $50 fee, which can be considered relatively high, especially for infrequent traders.
2. I like the trading environment at AvaTrade as it presents a range of trading platforms and enough assets suitable for most investors and traders.
3. As AvaTrade is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations.
4. It will remind you of upcoming economic and financial events that may affect your transactions (e.g. new UK unemployment data).

CFD trading with AvaTrade encompasses the fees within the spread, avoiding additional costs per trade. The minimum deposit at AvaTrade is $100, a reasonable request but higher than at some other Forex brokers. I recommend depositing at least $200 to qualify for the deposit bonus for superior long-term portfolio growth. And the “Forex Calculator” link informs the trader about the potential profits, losses and costs to trading, like overnight interest calculations. Its web platform is easy to use, even if it’s not the most complete out there. Nor does it have the most diverse portfolio of CFDs; platforms such as eToroXTB will offer you more options.

This means it’s regulated by Canadian authorities and your deposits will be protected up to a certain limit. AvaTrade is a globally licensed and regulated online trading broker that offers its services in Canada through Friedberg Direct. This is a reputable Toronto-based firm that ensures all AvaTrade accounts comply with Canadian regulations. Trading courses and other educational materials are offered through Sharp Trader.

AvaTrade Trading Platforms

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. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

Trading Fees

Funding an account with a credit/debit card is fast as the money reflects instantly. New account holders may have to wait for a business day or a few hours for their deposit to reflect. To become a professional trader, the user has to meet stringent criteria in terms of their investment capital among other requirements.

To top it off, AvaTrade offers AvaProtect, which means that investors can use tools to protect against possible investment losses. They still maintain a strong presence there but have since grown to become one of the top forex brokers in the sector offering services around the world. Noteworthy is AvaTrade’s propensity to ensure that support isn’t confined to mere standard hours, thereby extending a layer of assurance to traders navigating the markets beyond conventional timeframes.

The bottom line is that AvaTrade doesn’t allow you to invest in many different types of financial products. So, if you want to invest in stocks, investment funds, ETFs, or cryptocurrencies, it’s best you look for an alternative. AvaTrade holds regulatory licenses in multiple financial hubs across the globe. While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval. AvaTrade produces daily in-house research content in video and article format, and grants access to Trading Central research modules.

AvaTrade Review 2023 – Pros & Cons of AvaTrade

The popular MetaTrader 4 (MT4) is available and still a leader when it comes to platforms for trading forex despite its age. One impressive aspect of AvaTrade offer is a large range of trading platforms. With this account, you can access the same variety of assets through the standard account. Unlike other assets, digital currencies like Bitcoin and Ethereum can be traded around the clock every day of the week. This constant availability means traders can seize opportunities and move on their investments anytime.

Withdrawing money for all clients (new and old, retail and professional) could take as long as 3 business days. The minimum initial deposit to open an account at AvaTrade is $100 or 100 units of any base currency. Clients https://forex-review.net/ do not get volume discounts neither do they have guaranteed stop losses. Although the spreads depend on the financial instrument, fees levied on retail accounts are higher than those of professional trading accounts.

Is AvaTrade a trusted broker?

These include negative balance protection worldwide, the use of segregated bank accounts at top-tier banks to hold client funds, and further protection from the Investor Compensation Fund (ICF). This inclusive protection insures the funds of EU-based traders up to €20,000 in the https://forex-review.net/avatrade-review/ event of financial issues at the broker, though they have a very stellar record in this regard. 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, ideal for beginner traders and those unable to conduct broad-based market analytics, I like the Trading Position Calculator AvaTrade maintains on its website.

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. Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2023. AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill.

The number of currencies a trader can access depends on their geographical region. For instance, only British traders may use the GBP as their base deposit currency. Similarly, only people from Australia, Switzerland, and Japan may use the AUD, CHF, JPY options respectively. Online videos on topics such as advanced trading tools, beginner lessons, forex trading strategies, MetaTrader 4 for beginners, MetaTrader 4 Guide and MyAva guide are available for use.