AvaTrade was founded in 2006 and is a forex and CFD broker based in Ireland. The broker is regulated across various jurisdiction areas, including the EU, Australia, and the UK. With world-renowned authorities overseeing its trading services, AvaTrade is safe for all your trading activities.
- Over 1200 tradable instruments for forex and CFD trading.
- Hosts MT4, MT5, and AvaTradeGO app for mobile devices.
- No charges on deposits and withdrawals.
- Excellent tools for research and education
- High inactivity fee that kicks in after three months.
- No two-step authentication for the AvaTradeGO app.
AvaTrade – Who Are They?
AvaTrade currently has over 300,000 registered traders globally, with over 3 million active trades conducted every month. With authorities like ASIC and the Central Bank of Ireland overseeing its activities, rest assured that you will receive the highest level of service trading with AvaTrade.
The account opening procedure at AvaTrade is fast, letting you dive into the trading markets in minutes. The broker also has a $100 minimum deposit requirement, which you will deposit without incurring transaction fees.
However, AvaTrade is primarily recommended to active traders. This is because its inactivity charges kick in a lot sooner compared to its peers. You will pay a $50 per quarter inactivity fee after three months of no activity, and an administrative charge will also be imposed should you not use your trading account for 12 consecutive months.
AvaTrade’s trading platform is user-friendly, with excellent search functions and order types to protect your trades. Its MetaTrader 4 and 5 platforms are backed up with excellent trading tools, perfect for traders looking for resources to challenge their skills.
When it comes to social trading, this broker’s AvaSocial platform is there for you to meet and share ideas with other traders. There is also the DupliTrade platform where you can copy expert traders’ positions should you see the potential of them making profits. All these automated platforms can be accessed via the MetaTrader platforms.
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Our Opinion About AvaTrade
We are impressed by AvaTrade’s account opening procedure since it is seamless and quick. On top of it, you can make your deposits and withdrawals through various payment methods such as e-wallet, bank transfers, and debit/credit cards free of charge.
The customer service on AvaTrade is also very responsive and can easily be accessed through email, live chat, and phone. However, the support service availability is 24/5, which should not be a determining factor for as long as it fits right into your trading schedule.
AvaTrade has its drawbacks as well. First, you can only trade forex and CFDs. You also have to be an active trader to enjoy this broker since its inactivity charges kick in after only three months.
Generally, AvaTrade is a good broker for both newbies and professional traders alike. The excellent learning materials will help you improve your skills and quickly catch up with other traders. So, create a demo account and start getting familiar with AvaTrade.
I use this broker because AvaTrade offers an extensive selection of platforms and tools for automated trading. It is very comfortable for beginners traders. Also, AvaTrade spreads are among the lowest in the industry, so I recommend it.
I have problems downloading AvaTrade
can u help?
what’s the problem?? just follow the directions on the website
I opened an Avatrade account yesterday. I really surprised how quick and easy it was
Data suggests that most traders lose money. Trading isn’t easy. It takes time and a lot of practice to perfect. And, in trading, mistakes are costly and result in huge financial losses.
The most common reason for failure in trading is the lack of discipline. Most traders trade without a proper strategic approach to the market. Successful trading depends on three practices. First, investors need a guidebook/mentor/course to help or guide them in daily trading. Secondly, never forget to stop losing. Don’t enter a trade without placing a stop loss. It will help you to keep losses at a manageable level. And thirdly, you should have a focus. And in intraday, it is to protect your capital and minimize losses. Without discipline, your chances to become a successful day trader are slim.
AvaTrade is a good broker, nice and easy to set up and you can have a demo account as you need to practice! I would also like to note the professionalism of the support service! Also, you can trade in MT4 and MT5 trading platforms through them. So my advice is to try it for yourself with a minimum deposit.
AvaTrade also offers social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
I have traded with many, but Avatrade, Saxo markets, or Admiral Markets would be the best choices. In fact, besides other great services, Avatrade has its own trading academy known as Sharp Trader. On the contrary, if you do not prefer regulated brokers, you must give a shot to Admiral Markets as it provides the tightest spreads with minimal commission charges in addition to amazing offers.
Avatrade and some others brokers like Pepperstone and IC markets are some of the reliable copy trading platforms, In them, you can choose professional traders to copy.