Overall, Avatrade’s mobile trading support is excellent when compared to other brokers, with the MT4 and MT5 mobile versions available, in addition to the AvatradeGO and AvaOptions trading apps. A well-regulated broker, Avatrade ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Traders can only withdraw up to 100% of the original deposit to a credit or debit card. After this, funds may be withdrawn by another method in the trader’s name. Overall, Avatrade has a similar number of assets compared to other brokers, but it stands out for its specialty instruments, including vanilla options, ETFs, and bonds.
- It offers a wide range of trading platforms, including its award-winning mobile trading app, AvatradeGO.
- Promote an established, highly forex regulated brokerage with a strong international presence and regulatory licenses across 6 jurisdictions.
- The app is also geared toward newer and less skilled traders, providing “step-by-step guidance on opening trades” and a feedback system that experienced traders aren’t likely to use.
- Options trading provides traders with opportunities to benefit from more than just the 2-dimensional nature of Forex trading.
- Just like the WebTrader platform, AvaOptions provides only one-step login.
- Duplitrade is a popular copy trading platform that can link to the MT4 trading platform.
Opening an account was fast and simple as everything is done digitally. Unfortunately, European clients can only deposit and withdraw funds using bank wire transfers or credit/debit cards. Deposits via bank transfers have a minimum of 500 units of currency ($500, £500, etc). This is lower than the average of what the industry provides. The range of instruments available https://www.investopedia.com/articles/forex/11/why-trade-forex.asp is great for beginner and advanced traders and is above the industry average. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features.
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These include 55 vanilla options, traded exclusively on Avatrade’s AvaOptions platform, two bonds, and 59 ETFs, providing traders with excellent asset diversification. Traders must consider if the product and services portfolio at AvaTrade warrants higher trading costs, which remains an individual decision. I also want to point out the recurring inactivity fee of $50 after three months of dormancy, faster than most brokers but not an issue for active traders. After twelve months of inactivity, an administration fee of $100 applies. Equity traders pay a minimum spread of 0.13%, also commission-free. Some equity traders may achieve a competitive pricing environment on select assets, dependent on trading volume and duration. Index and commodity traders get the best offer, as trading costs here rank among the best industry wide.
Choosing the right account type is important as it will impact nearly every aspect of your trading. Different accounts may have different fees, instruments, minimum deposits, platforms, etc. so choosing the right one for your own needs is important. https://twitter.com/forexcom?lang=en The range of account types offered by AvaTrade is higher than the industry average. For example, only very few retail CFD brokers will offer access to an account to trade Forex Options which is a product mainly geared towards professionals.
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This spread, which is already built into the transaction cost, is how AvaTrade and other market makers finance themselves. 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. Please note that these have to be installed on your computer.
We found that like most brokers, the Avatrade MT4 platform is the standard version with 24 graphical objects and 30 built-in indicators. Unlike Avatrade’s proprietary web trader, algorithmic trading is available, and MT4 is fully customisable. The product range is limited to forex, CFDs and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern. Additionally, there’s a tool called Trend Analysis that bluntly says if the asset “might fall” or “might rise” x or y%. The somewhat sensationalist headline is based on technical analysis by AI software that is also presented among trading ideas.
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