AvaTrade Review 2024

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The range of markets available at AvaTrade will depend on which trading platform you choose, and which of the brand’s global entities holds your account.

  1. However, AvaTrade doesn’t let you integrate with TradingView or cTrader, which is a slight disappointment for us.
  2. Instead, it makes money from the spread, which varies with the asset class.
  3. You also get access to Expert Advisors (EAs) in the integrated marketplace, as well as single-threaded strategy testing.

This constant availability means traders can seize opportunities and move on their investments anytime. AvaTrade is one of the top forex brokers that allow traders to invest in indices. Since you can go long and short on indices, traders can make the most of stock market movements regardless of the direction. In the fast-paced world of trading, having multiple platforms to access the market is key. This is where AvaTrade offers trading solutions for web, desktop, and mobile devices. From their website, AvaTrade says investors can use the platform to trade in forex, stock indices, commodities, and even cryptocurrencies.

AvaTrade Review FAQ

AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold. AvaTrade trading platform offers Standard account / Retail account. Using debit and credit cards, standard accounts can be opened with as little as $100. Irrespective of the trading platform the user chooses, both are highly effective. The software will not overload the systems; thus, it is made for immediate execution and fast trading.

How does AvaTrade keep my money safe?

AvaTrade offers a unique feature on its AvaTradeGo mobile trading platform that is similar to easyMarkets dealCancellation. AvaProtect is an order type that protects you against any losses for a period of time for a small fee. These are standard accounts that are spread-only, ECN accounts that have commissions added to the spread, and fixed spread which means spreads don’t or rarely vary. Read our full AvaTrade review to learn more about this leading broker’s core features, including the markets they cover, trading fees, and signup procedures. At Upskillwise.com, our dedicated team, led by Catherine and Josep, employs a detailed and transparent review process, emphasizing real-world testing and in-depth research. We cover key aspects like customer support, pricing, and usability, ensuring our reviews are relevant and reliable.

To help you better understand AvaTrade, we have used this review to take an in-depth look at AvaTrade’s core features. Despite not being regulated by the UK’s FCA, AvaTrade has offices and is regulated within reputable countries (e.g. including Ireland and Australia). 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.

AvaTrade Educational Content

This means that the platform is dynamic and responsive to the ebb and flow of the markets. When conditions are stable, the spreads will be narrow, but during times of volatility, they widen to reflect the increased risk. The fact that AvaTrade isn’t regulated by the FCA is a source of concern, but the company toes the line when it comes to protecting its clients, including offering negative balance protection. TrustPilot awards it 4.7 out of 5 stars based on more than 7,600 reviews. They should satisfy the needs of those that require these features.

To find a broker that might better fit your needs, read our guide of The Best Canadian Online Brokers. AvaTrade, like many other online brokers, does not charge commissions fees. AvaTrade offers a wide range of assets and instruments for investors to choose from. However, it is most well known for its forex and CFD trading options. AvaTrade has spent years developing proprietary platforms that have been designed to optimise trading experience.

AvaTrade will allow you to play around with the charts a little bit, but the truth is that other platforms – like XTB or Plus500 – provide more options. With AvaTrade, for example, there’s no way to compare prices with avatrade review other instruments or indices. AvaTrade provides a basic online broker with which you can trade online, using your browser. You can also trade with popular (third-party) applications MetaTrader 4 and MetaTrader 5.

AvaTradeGO Mobile Trading App

The only way to invest in curriencies is doing it using a CFD, remember this is not a direct investment in the currency paid. AvaTrade accounts can be in euros, US and Australian dollars, or British pound sterling; this will depend on where you are located. AvaTrade provides economic and earnings calendars and limited research through Sharp Trader.

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of NL, you can open an account with this broker. Our testing found AvaTrade to be great for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research. We use dedicated people and clever technology to safeguard our platform.

UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalog. AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education. AvaTrade’s AvaTradeGO mobile apps provide traders with several powerful features of MetaTrader 4. AvaTrade features like a clear dashboard, social trading, notifications, deposit bonus, etc.

He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. Once you have completed the above, you can move onto Professional Trading strategies. This follows the same format as Trading For Beginners but covers more advanced trading concepts.

Submit Your Own Review of AvaTrade

If you are a client from outside the UK and Europe, then you will have the “Standard” account. These accounts are the same in that they are a market maker/dealing desk type of account with no commissions. Once your account is verified, you must deposit a minimum of $100 and start trading. Even beginners can feel confident taking trade positions thanks to a platform that intentionally avoids unnecessary complexity. Because AvaTrade prides itself on providing a user-friendly experience, you don’t have to waste time learning a convoluted system.