Rating: 4.3
Key Points:
- Minimum Deposit: $0
- Fees: Spread, overnight costs, inactivity charges
- Active Trader Benefits: Yes
- Available Forex Pairs: 55
- U.S. Client Availability: No
Overview: AvaTrade delivers a high-quality trading experience with robust educational tools and a wide range of trading options. It is well-suited for both new and experienced traders, offering numerous platforms and instruments.
Advantages:
- Educational Resources: AvaAcademy offers comprehensive tutorials, webinars, and practice tools.
- Platform Variety: Supports WebTrader, MetaTrader 4, MetaTrader 5, AvaOptions, AvaSocial, and Duplitrade.
- Extensive Asset Range: Includes forex, commodities, indices, stocks, cryptocurrencies, and vanilla options.
- Copy Trading: Allows users to replicate trades of successful traders.
- Customer Support: Strong support through phone, email, and chat.
Disadvantages:
- Inactivity Fees: Charges $50 after three months and an additional $100 after a year of inactivity.
- U.S. Traders: Not accepted.
- No Guaranteed Stop Losses: Potential for slippage due to lack of guaranteed stops.
Company Overview: Founded in Dublin in 2006, AvaTrade operates under strict regulatory standards globally, ensuring a secure trading environment.
Trading Platforms: AvaTrade’s platforms are user-friendly and consistent across web and mobile devices. Advanced traders can use MetaTrader 4 and 5.
Regulation and Security: AvaTrade is regulated in multiple regions including Japan, Cyprus, Canada, Abu Dhabi, the EU, British Virgin Islands, South Africa, Australia, and Israel. The platform features SSL encryption and other security measures.
Market Access: Offers a diverse range of trading instruments including forex, stocks, ETFs, commodities, indices, and cryptocurrencies, with over 1250 assets.
Fee Overview: No commission charges for trades, though inactivity fees apply. Deposit and withdrawal transactions are free.
Account Types: Standard, VIP, and professional accounts are available, each offering different features and requirements.Conclusion: AvaTrade provides a comprehensive trading platform with strong educational resources and diverse trading options. It is a solid choice for traders of all experience levels.
