Rating: 4.3
Essential Information:
- Minimum Account Size: $0
- Fees: Spread, overnight financing, inactivity
- Active Trader Discounts: Yes
- Forex Pairs Available: 55
- Availability for U.S. Traders: No
Overview: AvaTrade is known for its excellent educational resources and extensive range of trading tools. It is suitable for traders of all experience levels, providing a comprehensive trading environment.
Pros:
- Educational Tools: AvaAcademy offers a wide range of tutorials, webinars, and practice tools.
- Platform Variety: Features WebTrader, MetaTrader 4, MetaTrader 5, AvaOptions, AvaSocial, and Duplitrade.
- Comprehensive Asset Selection: Includes forex, commodities, indices, stocks, cryptocurrencies, and vanilla options.
- Copy Trading: Allows replication of trades from successful investors.
- Support Services: Reliable customer support through phone, email, and chat.
Cons:
- Inactivity Fees: Charges $50 after three months and an additional $100 after a year of inactivity.
- No U.S. Clients: U.S. traders are not accepted.
- No Guaranteed Stop Losses: Risk of slippage due to lack of guaranteed stops.
Company Background: Founded in 2006 in Dublin, AvaTrade operates globally with robust regulatory oversight, ensuring a secure trading platform.
Platform Features: The platform is user-friendly and offers a consistent experience across web and mobile devices. MetaTrader 4 and 5 are also available.
Regulation and Security: AvaTrade is regulated in Japan, Cyprus, Canada, Abu Dhabi, the EU, British Virgin Islands, South Africa, Australia, and Israel. The platform uses SSL encryption and other security measures to safeguard client data.
Market Range: Access a wide variety of assets including forex, stocks, ETFs, commodities, indices, and cryptocurrencies, with over 1250 instruments available.
Fees: No commission on trades, but inactivity fees are applied. Deposits and withdrawals are free.
Account Options: Standard, VIP, and professional accounts are available, each with distinct features.Conclusion: AvaTrade offers a comprehensive trading experience with top-notch educational resources and diverse trading options, suitable for all levels of traders.
