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Editor Rating
- 5/5 – Excellent
- AvaTrade.com
- Website:
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Review Summary:
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AvaTrade.com is a fantastic site not only for forex trading but also for educational content. You can learn about trading while checking out all that AvaTrade.com has to offer. If you’re a beginner interested in forex, commodities, cryptocurrencies, and more, read on to find out how AvaTrade can help you.
Table of contents
About AvaTrade.com
Founded in 2006, AvaTrade.com is a low-risk platform for trading contracts for differences (CFDs) and forex. It’s not publicly traded and doesn’t run a bank, so you can trust the investments and trades offered on this platform.
The AvaTrade headquarters are in Dublin, Ireland, with offices throughout Europe and Asia. The platform offers opportunities for manual and automated trading depending on your needs, time commitment, and skill levels.
To open an AvaTrade.com account, you need just 100 units of the base currency. You never have to worry about your account having a negative balance because of the company’s protections. They also have AvaProtect, an insurance option you can select on each trade to guard your investment.
Top Features of AvaTrade.com
AvaTrade.com is more than just a trading platform. When you visit the site, you’ll find a community of investors that wants to help you grow your portfolio. These are just a few of the top features of AvaTrade.com.
Education
You don’t have to be an expert to use AvaTrade.com. They have an education page on their website that outlines everything you need to know, starting with beginning information. You can learn trading rules, watch videos, and brush up on economic terms.
There are specific lessons on economic indicators you can study by region. This data helps you understand each country’s performance history and patterns so you can predict how your investment might do.
The Technical Analysis Indicators and Strategies help you earn profits in the dynamic market by finding the best opportunities for growth. You can learn according to the type of trader you are, whether you’re high risk, short term, long term, and more. AvaTrade.com has information for everyone, so trading is equally available to people at all skill levels.
Expansive Options
On AvaTrade.com, you have access to 44 forex options. There are also more than 1,200 CFDs for your portfolio. You have access to other asset classes like commodities, stocks, bonds, indices, cryptocurrencies, and exchange-traded funds (ETFs).
You’ll find more than 1,200 symbols in MetaTrader 5 and about 1,000 in WebTrader. The specific markets depend on your trading platform and which global entity has your account.
These options, along with the educational resources, make AvaTrade ideal for beginning investors. You have a safe space to learn and trade while gaining knowledge about the market. The viewing options for your portfolio give you plenty of options to see an overview and detailed information about each trade.
Mobile Apps
AvaTrade.com has mobile apps to keep you aware of your portfolio at any time. You don’t have to log in on your desktop to get a good view of your portfolio performance—the apps maximize your phone or tablet screen to show you everything you need.
AvaOptions
One is called AvaOptions. You have constant control over your portfolio because the app is available everywhere and makes it easy to see the status of your forex. You can execute countless options through the app with a single click.
You can set expirations on the app, as well as access risk management tools to ensure nothing happens to your portfolio when you’re offline. You don’t have to check in often, either—you can set stops and limit orders that trigger automatically at specific thresholds.
You only need one app to manage multiple AvaTrade accounts. The convenience alone makes this platform one of the most secure, as well as one that gives you peace of mind.
AvaSocial
AvaSocial is the social trading app for AvaTrade.com. You can connect with your peers and business partners to get insight and advice before making any trades. You can connect with experts in the industry and learn from them to make the right choices.
Whether you’re a beginner or a pro, the social aspect of this app takes trading to a new level. It’s an immersive community that helps you find out what moves to make without spending hours on research. You can utilize other traders’ knowledge and find out about new assets you wouldn’t encounter otherwise.
In addition to the social aspect, you can also automate your trades through this app. You don’t have to stay logged in because you can set up triggers to sell at certain limitations. You’ll get notifications when something major happens, just like other social media platforms.
AvaTrade Costs
You need $100 to open an AvaTrade account, but that money is all yours to trade. The company doesn’t take a fee from active traders.
If your account goes unused for three months, you’ll get a $50 charge. For accounts not used in one year, there’s a $100 fee. These costs are because AvaTrade doesn’t want inactive accounts on the servers of an otherwise active community.
There’s no commission trading for AvaTrade, so the company only makes money if you cross the bid/ask spread. The bid/ask spread is when the asking price is more than the bidding price on a certain asset.
You can think of it as the difference between the most a buyer is willing to pay and the least amount the seller would accept. This difference between those two amounts is the transaction cost, so that’s where AvaTrade makes money.
AvaTrade has higher spreads in place for retail traders. Most account designations are professional traders, so you won’t have to worry about the retail trader spread. You can see the spreads in the site’s financial instruments dashboard.
There’s no fee to close out your account, so it’s always better to transfer your money and close the account than let it stay inactive. You might encounter withdrawal fees as you transfer the money to your bank, but AvaTrade doesn’t charge anything for this step.
Customer Support
AvaTrade offers 24-hour customer service, five days a week. They have specific hours for holidays, which you can find on their contact page. They have specific phone numbers for countries around the world, or you can get in touch via WhatsApp.
If your question isn’t time-sensitive, you can send an email through their website form. A broker will get back to you within a few days. You can also use the chat option on the webpage if you don’t need to talk to them on the phone.
While AvaTrade’s customer support is helpful, it’s not always necessary. It’s more like a nice safety net. If you’re having major problems, you can reach out to them for expert help. But there are so many resources on the website that you might be able to troubleshoot your issue.
AvaTrade’s site is a great source of information so users can help themselves. The FAQ page has answers to the most common issues traders encounter on the platform. The education page has more in-depth information about trading. You can find the answers you need in these lessons, as well as learn more about the process.
Making an account for AvaSocial is another way to help yourself. The trading community is close-knit and helpful. You can reach out to your network of experts and industry professionals for help with your specific question.
AvaTrade Licenses and Regulation
AvaTrade has regulations in three tier-1 licenses, three tier-2 jurisdictions, and one tier-3 license. The tier-1 regulators, meaning high trust, include:
- Australian Securities & Investment Commission (ASIC)
- Investment Industry Regulatory Organization of Canada (IIROC)
- Central Bank of Ireland (CBI)
- Japanese Financial Services Authority (JFSA)
Though AvaTrade has many licenses, they’re not regulated by the Financial Conduct Authority (FCA). It’s also not part of the European Securities and Markets Authority (ESMA). These organizations are strict about keeping market practices fair. They also offer client account protection. But since AvaTrade is great for beginners, these aren’t major concerns.
Final Thoughts
AvaTrade.com is a safe, low-risk platform for beginning traders. You only need $100 to start trading forex, cryptocurrencies, ETFs, CFDs, and more. That’s a small investment for the experience you’ll get on this site.
The educational resources alone will help you understand the ins and outs of trading. Add in the social app and access to experts, and you’ll become a professional in no time.
Editor rating
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
