Avatrade Review
The AVA Group of companies includes AvaTrade, one of the world’s largest forex brokers. In 2006, AvaTrade was founded and was among the oldest online brokerages. This review includes MT4 integration, trading platforms, mobile apps, and deposit methods. We also compare financial indicators such as spreads, leverage and trading costs.
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Finally, find out if Avatrade suits your trading needs, from Bitcoin to vanilla options. Besides offering trading accounts in various currencies, AvaTrade is one of the world’s largest and most respected online brokerages. Recently, the company agreed with English Premier League Champions Manchester City, which highlights the brand’s growth and visibility.
Concerning the search for the right online broker, one should pay particular attention to the available trading platforms, as they can impact profits and losses. AvaTrade offers different trading platforms to choose from, which means it cares for everyone. In general,MetaTrader 4 and MetaTrader 5 stand out due to their Expert Advisors, professional interfaces and a large collection of indicators. Still, the in-house AvaTrader also provides the user with various advantages. Therefore, AvaTrade can be used by both professionals and beginners. The company offers an optional trading platform, AvaOptions, and its trading platform for Mac operating systems.
In addition to direct trading, investors can use portals such as DupliTrade, ZuluTrade or AvaTrade WebTrader via their browsers.
- MQL5 Signal Service
- API Trading
- DupliTrade
- ZuluTrade
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Mobile trading platforms
Mobile trading with AvaTradeGO is Avatrade’s pride, but MetaTrader 4, MetaTrader 5, and AvaProtect are also available while you’re on the move.
- Account Types
AvaTrade offers many account types, but they all share some similarities. For example, traders can choose between micro trading lots or mini lots with all accounts. In addition, MetaTrader 4 and AvaTrade Go mobile platforms are available on all account types.
- Demo Account
Users can sign up for demo accounts to try out the platform. You can sign up for a demo account regardless of the account type you select, and it features $100,000 of virtual money. You can use the demo account for 21 days after you open it.
- Standard Account
You may want to consider AvaTrade’s standard account after you’ve tried out the demo account. The retail account is similar to this account, which is only for international clients outside the EU. Some markets allow for maximum leverage of 400:1 on the standard account.
- Retail Account
EU-based clients are entitled to open this type of account. ESMA regulations in Europe allow leverage of 30:1, which is the maximum permissible in retail accounts. There is also a dispute resolution system available to consumers.
- Professional Account
Active traders will greatly benefit from the discounted prices offered by the professional account. There are certain volume and frequency requirements for traders to use this account. With a professional account, you’ll get numerous benefits, such as leverage of 400:1.
- Islamic Account
According to Shariah law, traders who want to trade should use the Islamic (Halal) account. The accounts are largely the same as standard accounts, but the Cryptocurrency option is not available, and Rollovers are only available for certain exotic pairs of foreign exchange.
- VIP Account
Traders with big deposits of more than €10,000 should consider this account if they are very active. High-volume and high-frequency forex trading gives VIP users great discounts to offset AvaTrade’s average pricing.
The AvaTrade website is secured by 256-bit SSL encryption across the entire site, the True-Site seal and McAfee Secure, which prevents credit card fraud and identity theft.
Customer Service
The FAQ will cover most of your questions. Live chat, phone, and social media are all ways to communicate with the broker. There may be a delay in a live representative responding to your chat request at different times of the day.
When customers need local support, the broker maintains international offices. In addition, they provide international telephone numbers and local numbers for the majority of their jurisdictions and EU countries.
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Bottom Line
The forex brokerage service provided by AvaTrade is reasonable overall. Education content is among the best in the industry, even with some of its leaders. Traders of all kinds are sure to find a trading platform and account type that appeals to them.
AvaTrade’s customers receive an average service, aside from education and customer support. It is difficult to find the price of certain products on their website because the information is so hard to find, and they don’t offer as many research tools and data as you can find on sites like Forex.com.
