AvaTrade Reviews Read Customer Service Reviews of avatrade com

avatrade broker review

AvaTrade is a reputable online broker specialising in CFDs on commodities, cryptocurrencies, stocks, indices and more. It was founded in 2006, under the name Ava FX, by Emanuel Kronitz, Negev Nosatzki and Clal Finance. Today, its head office is in Dublin and it has regional centres in Paris, Milan, Sydney and Tokyo with a total head count of 400 staff. It’s trusted by 300,000 traders who place a total of 2m trades per month.

AvaTrade Minimum Deposit

avatrade broker review

You can click on the information icon next to each asset to pull out the order window and instrument details. Casual investors should bear in mind that a $50 inactivity fee applies after three months of zero activity, with an additional $100 charge after 12 months. While not a major drawback, this is higher than the $10 monthly charge at Plus500 and $15 charge at FxPro.

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The support staff from the company called immediately, notified me via email and whatsapp and he guided me PERSONALLY with a whole lot of issues that i had. THIS also took his time and call to clearify me on multiple levels. They even call you to check in from time to time (no other broker has done that in my experience.) Now we’re in a world with numerous shady brokerage sites showing up and disappearing daily. I’ve had my accounts with AvaTrade for a few years now and I’ve never had to worry.

Forex, Gold & Silver:

In case the need arises, AvaTrade ensures easy access to customer support. 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.

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When in doubt, you should consult a qualified financial advisor before making any investment decisions. However, traders should note that while there is no expiry time for inactivity, it is only available for 21 days. This account is particularly beneficial for developing new trading techniques and tools and recognizing the dangers of volatile financial instrument price swings.

  1. Trading Fees is a really important consideration as this is the cost you have to pay to the broker for every trade.
  2. Positions maintained longer than this time will be subject to ordinary swap costs.
  3. The application form can be completed on the website by providing basic information such as first name, last name, email and phone number.
  4. Interactive Brokers currently offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin and more digital tokens from Paxos Trust Company.
  5. The firm also charges inactivity fees of $50 for 3 consecutive months of non-use.

Market orders are executed at the prevailing market rate, whilst pending orders are executed at a predetermined point above or below the prevailing market rate. Leverage at AvaTrade varies depending on the instrument, location and your status as a retail or professional investor. Read our full explanation and accounting of our research and testing process to learn more about how we test. The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds.

avatrade broker review

The broker also advertises negative balance protection and AvaProtect, but it provides no additional guarantees for the safety of client funds. 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.

Pocket Option gets an average research rating because although it offers more than many binary brokers, it trails traditional forex and CFD brokers in its market insights. I’ve compared the number of standard assets available with two leading alternatives, and as you can see below, Pocket Option is the middle https://forexbroker-listing.com/ of the pack. Pocket Option gets an average assets and markets rating because its range of tradable assets is limited for entry-level traders. This also means you can switch seamlessly between live and demo mode – ideal for short-term traders who want to continually test and execute their strategies.

AvaTrade does not charge an account maintenance fee, however, an Inactivity Fee does apply. The inactivity fee will come into play after three consecutive months of non-trading activity. AvaTrade uses a spread-only model, and CFD trading fees are within the spread, avoiding additional costs per trade.

This means that traders know the fees a broker will charge over time adding certainty when training. Often fixed spread brokers also will have other risk management tools included such as guaranteed stop losses. The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can avatrade review also avail of a very strong range of educational content with insightful material to fit all level of traders. The educational content covers a wide range of trading topics such as money management, trading platforms, trading strategies, technical and fundamental analysis, different markets, and much more. AvaTrade is dedicated to empowering its traders to invest and trade with confidence.

You receive real-time updates as your friends and other traders place trades and also have the ability to copy them. The offering of more than 250 instruments to trade across forex, individual stocks and share indices, commodities and cryptocurrencies, is up there with the better offerings in the industry. AvaTrade offers a unique feature on its AvaTradeGo mobile trading platform that is similar to easyMarkets dealCancellation. AvaProtect is an order type that protects you against any losses for a period of time for a small fee.

Carbon DeFi is a decentralized exchange (DEX) that offers custom trading bots on the Ethereum blockchain. This platform operates much like a traditional broker because it uses linked orders to mimic grid trading, giving you a better experience. There’s also the Kraken Trade Desk and Kraken Account Management for corporate clients, making this platform much simpler for futures traders and corporate financial managers to use. The charting tools are a step above other binary platforms I’ve traded on. Year after year it has proven a credible broker with binary traders, boasting over 100,000 active users.

You can open an account for free, start trading and enter the crypto market right away. In fact, it’s best for new traders owing to the straightforward sign-up, low minimum deposit and stake, plus the platform that’s clearly been designed with novice traders in mind. Yes, Pocket Option offers ultra-short-term binaries from 5 seconds to 4 hours. The web platform and app are also stable, responsive and free from glitches based on testing, while it’s straightforward to place multiple trades in a few clicks. Based on our exhaustive tests of Pocket Option which have spanned several years, the broker continues to deliver a compelling service for binary options traders. The tool functioned well during my assessment, delivering comprehensive data on prospective copiers.

There is always someone available to answer your questions as and when required. You can find a list of telephone numbers for each country on the brokers website along with a very thorough help centre that covers all of the topics that you would expect. They are regulated with South Africa’s FSCA and also have competitive fixed spread for forex. Also, local Internet Banking option is available for funding or withdrawals. Yes, AvaTrade is a good forex broker if you are looking for a fixed spread FSCA regulated forex broker.

They also provide for trading in 40 forex options through their dedicated AvaOptions trading platform. If you don’t have the time to trade on your own, social trading can be a good solution. In my experience, it does take some trial and error to find a good trader to copy signals from and that’s why I would always try them out on a demo account to begin with.