Rating: 4.3
Highlights:
- Minimum Account Requirement: $0
- Charges: Spread, overnight financing, inactivity
- Discounts for Active Traders: Yes
- Forex Pairs Available: 55
- U.S. Client Eligibility: Not applicable
Summary: AvaTrade is recognized for its advanced trading features and extensive educational resources, catering to both beginners and advanced traders. It provides a well-rounded trading experience with a variety of tools and instruments.
Pros:
- Educational Materials: AvaAcademy offers a rich selection of tutorials, webinars, and practice resources.
- Platform Variety: Offers WebTrader, MetaTrader 4, MetaTrader 5, AvaOptions, AvaSocial, and Duplitrade.
- Comprehensive Asset Range: Includes forex, commodities, indices, stocks, cryptocurrencies, and vanilla options.
- Copy Trading: Allows replication of successful traders’ strategies.
- Excellent Support: High ratings for customer service through various channels.
Cons:
- Inactivity Fees: $50 fee after three months and $100 after a year of inactivity.
- No U.S. Clients: U.S. traders are not accepted.
- No Guaranteed Stop Losses: Risk of slippage due to lack of guaranteed stops.
About AvaTrade: Established in Dublin in 2006, AvaTrade operates globally with robust regulatory oversight, ensuring a secure trading platform.
Platform Usability: The platform is intuitive, with consistent experiences across web and mobile interfaces. MetaTrader 4 and 5 are also supported for advanced trading needs.
Regulatory and Security Information: AvaTrade is regulated in Japan, Cyprus, Canada, Abu Dhabi, the EU, British Virgin Islands, South Africa, Australia, and Israel. It employs stringent security measures including SSL encryption.
Market Availability: Trade a wide variety of assets including forex, stocks, ETFs, commodities, indices, and cryptocurrencies, with a selection of over 1250 instruments.
Fee Structure: No trading commissions, but inactivity fees are applied. Deposits and withdrawals are free.
Account Options: Offers standard, VIP, and professional accounts with varying benefits and requirements.Conclusion: AvaTrade is a strong choice for traders seeking an extensive educational platform and diverse trading options. It provides valuable resources and a comprehensive trading environment suitable for all levels of experience.
