AvaTrade Review 2024: Pros & Cons

The MetaTrader 5 multi-asset platform supports the hedging method, which allows opening multiple positions of the same financial instrument, of opposite or same direction. The AvaTrade support team is also excellent and on hand to rapidly answer all of your questions 24 hours a day in 15 different languages. This is important as I have found some brokers to always have their chat offline and even take days to respond to basic email queries.

Their standard account provides a balanced array of features, while their Pro account, fashioned for the more adept traders, offers tighter spreads and a more comprehensive range of instruments. AvaTrade provide expert advisors for automated trading, or you can use your own on their platforms. They also have industry leading copy trading platforms where you can copy trades and get signals from other forex traders. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. While not the cheapest broker I have tested, AvaTrade offers competitive fees.

Overall, I rank AvaTrade as one of the best retail brokers available. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

The economic calendar features the main macroeconomic indicators of different countries, allowing traders to analyse their impact on various financial instruments. With such a diversity of order types and available execution modes, traders can use any trading strategy for successful work on the financial markets. MT5 is a powerful platform for Forex and Exchange markets, with convenient and functional trading.

  1. The MetaTrader 5 Web Platform is a perfect solution whenever the installation of a desktop terminal or the use of a mobile version is not possible.
  2. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice.
  3. While this is a great tool, if you are using MetaTrader 4 or 5, you will not be able to access this tool as it’s only available with AvaTradeGO.

AvaTrade Forex spreads remain relatively higher compared to fully commission-based brokers. I find the Analyst Views especially useful for helping discover opportunities. AvaTrade has also partnered with Trading Central to offer powerful technical analysis and market insights. I find this useful for informing trading decisions, with trading plans developed by professional analysts. The broker’s copy trading platform, AvaSocial, lets you replicate the positions of successful investors, either manually or through the automated service. For example, Vantage offers a standard, commission-free account alongside an ECN account with raw spreads and low commissions.

AvaTrade Customer Support

Protection of up to 1 million is available and can be used with retail, standard and professional accounts. Like CFDs, spread betting lets you trade on rising and falling financial markets. Unlike CFDs, spread betting gives you the advantage of trading without capital gains tax and stamp duty.

The application performed well during my tests, with a clean look and feel, dynamic charting and market sentiment data. However, the biggest advantage is that there is no time limit – making it an excellent tool for beginners looking to continue testing strategies after opening a live account. Demo trading accounts at most competitors I have reviewed automatically close after days. Alternatively, a professional account is available to qualifying traders with benefits including increased leverage. A Premium membership program is also available, offering priority support, interest on unused funds, exclusive events and a selection of other perks. The minimum account equity is $10,000 and traders will be automatically enrolled on the program the day after they meet the requirements.

AvaTrade alternative brokers & comparison

However, they do charge spreads which are generally quite competitive. Users will find that AvaTrade’s spreads are more competitive for those who have deposited less money. Those with thousands of dollars in their account will likely find more competitive spreads elsewhere. Anyone looking to trade CFDs in real-time will also find plenty to love about AvaTrade. CFD trading is powered on AvaTrade by MetaTrader 4, one of the most comprehensive CFD trading tools on the market. In addition, CFDs on 500 individual stocks and shares are also available, as well as NASDAQ 100 CFD trading.

How To Open An Account

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free AvaTrade account. You’ll pay an annual maintenance fee for your account as well as a spread on every trade you make. AvaTrade avatrade broker review offers a number of research options through Sharp Trader, which is its dedicated educational site. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

Support

Aside from education and customer support, AvaTrade provides a fairly good, but unexceptional service to its customers. The company doesn’t make this super-long waiting period clearly known to users so naturally, many clients think that something isn’t working. The withdrawal feature works on AvaTrade if you approach it as explained in their website’s help centre section, however, most other brokers offer quicker money withdrawal. AvaTrade has a multilingual customer support service that is available 24/5. Customer support representatives can be reached by phone, email, or live chat on the company’s website.

AvaTrade Go mobile platform and MetaTrader 4 are available with all account types. Founded in 2006, AvaTrade is an award-winning, Dublin-based forex broker, offering its trading services in more than 150 countries worldwide, however, they do not accept clients from the U.S. They are an international company with sales centers and offices in, Dublin, Paris, Milan, Sydney, and Tokyo.

Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

With MetaTrader 4, ZuluTrade, AvaTradeGO, and AvaOptions, the broker ensures a seamless trading experience, minimizing the risk of platform glitches. AvaTrade operates on a spread-based fee structure, where traders pay the difference between the buying and selling price of an asset. The spreads are competitive and on par with industry standards, although not the absolute lowest. While there are no commissions charged on trades, traders may incur swap fees for positions held overnight. AvaTrade offers an extensive range of trading instruments, covering foreign exchange (FX), commodities, indices, stocks, bonds, cryptocurrencies, and CFDs.

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