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Additionally, if you’re based in Australia, you can select an account in AUD and if you’re based in the UK you can select an account in GBP. It is a good option only if you intend to invest in CFDs (derivatives); it does not allow you to invest in stocks, ETFs or other financial products. If you’re interested in that, take a look at DEGIROor Interactive Brokers.

  1. AvaTrade operates on a spread-based fee structure, where traders pay the difference between the buying and selling price of an asset.
  2. A review of AvaTrade found that its customer support service is extensive, providing local phone support for a variety of countries worldwide, live online chat support, and email request ticket submissions.
  3. In accordance with worldwide regulations and recommended for online trading, when withdrawing money clients should use the same method they used to deposit their funds.
  4. Although the broker has its main headquarters in Dublin, Ireland, it also has satellite offices across 6 continents.

It is a very simple trading platform, which can be used by traders even with the least experience in the market. It comes with numerous charts and indicators that can make market analysis a lot easier. AvaTradeGO also allows traders to contact the multi-lingual support team directly from the application. AvaTrade.com.au understands that different traders have different needs based on their frequency of trade and preference of access.

A decent & fair broker

At AvaTrade the MT4 platform is available for desktop systems (Windows PCs only), mobile devices (Android and iOS), or as a web-based platform. It is generally accepted that the PC version is best for trading as it packs the most power and suffers the least glitches. Considering how popular both MetaTrader 4 and MetaTrader 5 are these platforms are going to be perfect for nearly every trader. I’m just goinf to describe each briefly because I’m very aware that nearly every trader out there knows MT4 and MT5.

What we like about MT4 is how flexible and customisable a platform it is, with a range of built-in indicators and analytical tools. You can also use expert advisors (EAs), either creating your own or importing from the MetaTrader Market, for automated trading. In addition, you can choose from 2000 Trading Signals to copy other traders’ strategies in real time. One unique feature we particularly like about AvaTrade’s MT4 spread betting offering is Guardian Angel, which provides feedback on your trading performance. AvaTrade presents a versatile array of trading platforms, ensuring that traders of varied expertise and strategic approach can navigate the markets with ease and precision. With access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), traders can leverage advanced charting capabilities, automated trading via algorithms, and explore the realm of copy trading.

AvaTrade provides their clients with CFD rollover, meaning they swap the expiring contract with a new one before the expiration day. AvaProtect allows you to undo a trade after a certain period of time (defined before launching the trade). AvaProtect is a brand new service which is available when using AvaTrade’s proprietary application AvaTradeGO. Each broker, and especially the world’s top brokers, strive to come up with characteristics that differentiate them from the competition. Due to tougher regulations, European retail clients benefit also from a compensation scheme via the ICCL Investor Compensation Company Ltd. Our key findings and detailed research of AvaTrade reveal what you must know when signing up and trading with this broker.

AvaTrade Review 2022

When you’re trading in financial markets, the quality of your broker’s services makes or breaks your success. This is why you should clearly establish the criteria that your broker should meet based on your own goals and experience. Muslim traders may also opt for an Islamic Account, which functions under the rules of Sharia law. Essentially this means swaps are not charged or paid on this type of account.

US traders welcome at these brokers:

Bonuses and promotions at AvaTrade are available at select subsidiaries, dependent on the regulator. Where available, AvaTrade presents traders with a deposit bonus and a refer-a-friend program. Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus.

Traders also have automated trading platform choices including ZuluTrade, which can be integrated into MT4, downloaded as an app or traded over the web. AvaTrade customers have access to several customizable trading platforms. Traders can choose between the proprietary AvaTradeGo platform and the industry-leading MetaTrader4 (MT4) platform for manual trading. While some brokers offer 5 to 20 options for deposits, AvaTrade stick only offers essential options.

Opening an Account

After you have withdrawn up to 200% of your initially deposited funds (upon profit) to your funding card, you may choose other methods to withdraw the rest of your funds. AvaTrade obtains spreads data from reputable third-party sources, which in turn obtain the data from exchange feeds. AvaTrade was founded in Dublin, Ireland, in 2006 by Emanuel Kronitz and Negev Nosatzki. The firm began operations as forex trading firm Ava FX, but soon branched out into other asset classes. The firm also offers spreadbetting to residents of the United Kingdom and Ireland. AvaTrade’s range of in-house developed Market Analysis is limited however a blog is released each business day looking at market events that may concern your trades and an economic calendar is available.

AvaTradeGO & AvaSocial

However, because AvaTrade is not regulated in the United States, they are unable to accept clients residing in the US or take any deposits that originate in the United States at this time. AvaTrade offers the popular MetaTrader 4 and MetaTrader 5 trading platforms, as well as their own proprietary AvaOptions platform for trading options. They also provide additional tools such as the Guardian Angel risk assessment plugin, the AvaTradeGO mobile trading app, and the AvaSocial social trading platform. AvaOptions can be a great choice for more experienced traders who want to have access to impressive options trading at great prices. This platform allows traders to create an optimal trading portfolio and choose from over 40 currency pairs and make any combination they want.

If you are a client in the UK or Europe then you have the “Retail” account available for your use. If you are a client from outside the UK and Europe, then you will have the “Standard” account. These accounts are the same in that they are a market maker/dealing desk type of account with no commissions. A thrifty trader can take advantage of these promotions when they’re offered. The partner code AvaTrade offer is the sign up offering or “Welcome Bonus” the additional offers and deals are given to existing customers of AvaTrade.

When it comes to mobile trading, AvaTrade caters to traders of all levels with AvaTradeGo. To pass the AvaTrade identity verification, you will need to upload both an ID and proof of residence. Traders who want additional time on top of the standard 21-day demo account can contact your account manager for an extension. Another option is to create another demo account after your initial one has expired. Leveraged trading, AKA trading on margin, enables you to open larger trading positions than those available from your existing capital.

In this AvaTrade review, we are going to talk about how this UK-headquartered company plays a pivotal role in the fast-growing marketplace. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. The offerings from Trading Central are worthy of their own post, and they are extremely avatrade review diverse and in-depth. AvaTrade offers everything that’s available from Trading Central completely free of charge for its depositing clients. Also available to all of AvaTrade’s clients is an Islamic Account, which is characterized by the lack of overnight swap charges or payments. These accounts are for Muslim traders who need to comply with Sharia Law.

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. At Upskillwise.com, our dedicated team, led by Catherine and Josep, employs a detailed and transparent review process, emphasizing real-world testing and in-depth research. We cover key aspects like customer support, pricing, and usability, ensuring our reviews are relevant and reliable.

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