The Forex College has made an assessment of AvaTrade for you today and we have concluded in our AvaTrade review that it is indeed a recommended broker. You can understand why in this review. You can sign up with AvaTrade trading platform in the link below or continue reading to learn all you need to know.
AvaTrade was founded back in 2006. It has multiple offices spread throughout 11 different nations and is well-renowned for offering multiple trading platforms which are compatible with mobile, desktop, and web-based devices. This broker has more than 200,000 registered traders, and this number is steadily growing. AvaTrade has managed to execute over $1.47 trillion in overall traded value ever since its inception. We would hence strongly encourage you to read through this AvaTrade review to discover what this broker is truly all about.
We know that regulations are one of the most important aspects of any good broker, as you would not want to choose a brokerage that isn’t even authorised to operate. As such, AvaTrade does have regulatory licenses in several financial hubs all over the world, with the broker’s headquarters being positioned in Ireland. In Ireland specifically, AvaTrade is regulated via the country’s central bank, and it is additionally part of the ICCL (Investor Compensation Company DAC). Furthermore, AvaTrade works alongside Friedberg Direct to be able to provide its services in Canada.
The broker is considered to be regulated in numerous locations such as the United Arab Emirates, South Africa, Australia, Japan, and within the European Union. AvaTrade, therefore, adheres to multiple tier-1 and tier-2 jurisdictions, making it a safe choice.
There are 2 main proprietary platforms offered by AvaTrade, namely AvaOptions and AvaTrade WebTrader. Additionally, the complete MetaTrader suite is provided, as well as DupliTrade and ZuluTrade. AvaTrade is also often viewed to be one of the best choices for copy trading.
We discovered that the broker’s ‘WebTrader’ platform’s design was highly responsive and innovative. There are 90 indicators included with charting, and plenty of trading tools are also provided to further assist you in your online trading activities.
For copy trading, AvaTrade has managed to be quite successful, to the point that it has even managed to be talked about in conversations about industry leaders like Pepperstone and eToro. Additionally, AvaSocial has been launched in the United Kingdom, but the broker has yet to provide automated copying on this front.
Traders’ capabilities to access AvaTrade’s asset index and different markets will largely rely on the broker’s worldwide entities as well as the trading platform that you will choose. Nonetheless, AvaTrade provides a variety of assets that you can trade with, including cryptocurrencies, forex, and CFDs. While there are a total of 55 forex pairs as per our observations, trading with stocks is not currently offered by AvaTrade.
Moreover, it is worth mentioning that although it is possible to trade with cryptocurrencies via CFDs, it is nevertheless impossible to trade the underlying asset (which means being able to directly buy Bitcoin, for instance). Also, cryptocurrency CFDs are unavailable to those trades that are based in the United Kingdom.
The spreads of AvaTrade were observed to have been quite near the industry average, which is slightly lesser than 1 pip on the pair of EUR/USD as it was at 0.9 pips. This is still a bit more than what is offered by others such as Saxo Bank and CMC Markets regarding entry-level accounts. Furthermore, if you happen to be a professional trader and qualify as such, then the spreads on the same aforementioned pair would decrease to 0.6 pips.
Moreover, as per the price summary, the minimum deposit required is $100. AvaTrade also provides VIP discounts and has market maker execution capabilities.
There is plenty of educational material to work with when you choose AvaTrade. Everything is provided by in house employees and staff, and also from various 3rd party providers like SharpTrader.
You can find useful articles, with nearly 30 such pieces that concern advanced topics and almost 60 for beginners. Moreover, there are also plenty of videos to keep you occupied (nearly 50 the last time we checked), all of which cover a wide range of topics too. There are also webinars, tutorials, and even a glossary (dictionary) for the traders.
All in all, AvaTrade is a safe and trustworthy brokerage that offers great educational material, customer support, and varied options for trading. The spreads may be a bit competitive, and the tradeable markets might be a bit limiting. However, the broker nevertheless offers top-notch quality in the services and features that it does provide. Lastly, it is also fully compatible with both Android and iOS devices.