AvaTrade Review 2024: Pros & Cons

avatrade broker

Traders can access various instruments, including stocks, metals, currencies, bonds, and CFDs. Overall, this AvaTrade forex review shows that the platform has an above-average rating, though the inactivity fees and minimum deposit could be improved. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

AvaTrade Spreads

Traders must verify their account to be eligible for withdrawals. The broker offers both fixed and variable spreads depending on the specific market being traded. Metatrader and AvaOptions web versions provide integration with desktop platforms. AvaTradeGO, featuring AvaProtect, offers an Android and iOS alternative to the plain vanilla Metatrader 4 Mobile. It charges a $50 fee after three months of account inactivity and a $100 administration fee after one year of inactivity. No withdrawal or closure fees are listed in the marketing materials, but the legal documents noted fees for bank transfers and credit card transactions.

Customer Service

  1. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
  2. The platform is easy to use and has several features to help traders access the financial markets with ease.
  3. With fully segregated client funds, backed by top-tier banks and award-winning service.
  4. AvaTrade ECN accounts are unavailable, as the broker is a market maker.
  5. Our editors independently research and recommend the best products and services.

Overall, I rank AvaTrade as one of the best retail brokers available. The list of forex, CFD, and options trading instruments is on par with industry standards, with the addition of cryptocurrencies providing opportunities for high-risk speculators. Shares and ETF offerings are dominated by highly liquid U.S. big tech stocks. UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalog. AvaTrade stands out for its rich selection of trading platform options, and for its educational content for beginners (AvaTrade earned Best in Class honors for our Beginners category in our 2024 Annual Awards).

Other trading platforms

After twelve months of inactivity, an administration fee of $100 applies. Users get a total of 100,000 demo currency credits to test the platform with. AvaTrade offers two live trading accounts (retail and professional) and a demo account. AvaTrade is regulated by several well-respected international regulatory bodies. All of the below bodies provide protection over clients’ funds by ensuring they are kept in separate bank accounts.

avatrade broker

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker.

Your gateway to global opportunity

Open an account and get instant access to trade ideas, analysis and personal support. Choose from Alpari Mobile, our easy, yet powerful mobile app, or MetaTrader 4 or 5, https://traderoom.info/is-avatrade-truly-a-brokerage-we-can-rely-on/ the world’s most popular feature-rich platform with advanced charting and analysis. This means you won’t have to pay AvaTrade any fees for executing buy and sell orders.

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The minimum deposit at AvaTrade is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card. MetaTrader 4 (MT4) is one of the most popular third-party trading platforms in the world.

The withdrawal time can also vary depending on your chosen withdrawal method. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. All with the confidence you’re joining a trusted global leader, with over 25 years’ experience – and more than 1 million clients worldwide. Clients can enjoy derivatives trading in rising or falling markets by trading price movements of securities without owning the underlying asset.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory https://traderoom.info/ standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.