Through his posts, reviews, and broker comparisons – he believes beginner and seasoned traders should make informed decisions while selecting a broker. At BrokerageToday.com, Chad prioritizes publishing unbiased and transparent reviews. Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training. We teach day trading stocks, options or futures, as well as swing trading. Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv.

Customer Support Test

The broker has earned an aggregate score of 4.7/5 on Trustpilot’s website. The score is based on a total of 10,141 customer reviews as of June 12, 2024, with 77% of them giving a 5-star score and 13% of customers rating the broker’s services with 1 star. As a world leader in automated technical analysis, the Trading Central proprietary technology allows it to continuously scan the intraday markets. Its advanced recognition engine not only identifies the strongest potential trading opportunities around the clock but also helps to predict future price movements.

• Established in 2006, the broker has offices in Dublin, Milan, Paris, Sydney, Tokyo, Madrid, and several other key financial hubs.
• Whether you are a new trader or an expert, it’s important to be able to get in touch with customer support as easily as possible.
• The tool is easy to use, and its importance to new traders cannot be understated.
• Of course, you’ll need to pay spreads and commissions separately for retail accounts.
• For this reason, you will find spreads are wider than STP or ECN style, with no dealing desk style brokers which have tighter spreads but added commission costs.
• And if that is not enough, you can sign up for a free e-book that offers even more content to digest.

Avatrade Mobile Platform

Please note, some markets may only be available via CFDs or other derivatives. I particularly rate the trading platform tutorials, with step-by-step video guidance and informative articles. One major downside, though, is that a $2000 minimum deposit is required, which will put it out of reach for most beginners. You also get access to Expert Advisors (EAs) in the integrated marketplace, as well as single-threaded strategy testing.

Some brokers charge extra for second withdrawals requested within the same month and the additional fees often start from $25 for wire transfers. This means that opening or closing a 1-lot position in EUR/USD will cost $6 with a professional account and $8 with a standard account. AvaTrade’s award winning customer service is available 24/5 in 14 languages via phone, chat and email. 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. The platforms are fully customisable, so you can make them as complex or simplified as you like, depending on your trading style.

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. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. The web platform is easy to learn and the mobile app is great for trading on the go. The firm has hundreds of thousands of traders, multiple industry awards and licenses from reputable regulators.

Traders also benefit from free Level 2 data, while beginners get industry-leading educational content. Our commitment to providing unbiased, comprehensive reviews of forex brokers is rooted in extensive research and expert analysis. We evaluated 18 forex brokers based on rigorous criteria, focusing on key aspects such as regulatory oversight, costs, trading experience, and available offerings. Our methodology ensures that our recommendations are based on reliable data and a thorough understanding of the industry. AvaTrade is an intuitive and easy-to-use brokerage platform that offers surprisingly strong access to modern markets via leveraged instruments such as CFDs, options, and forex. The minimum opening size account for new traders can be as little as 100 units of the base currency.

AvaTrade Reviews 10,345

The options period can be set for up to one year will be cash-settled using the intrinsic value and closed when expired using intrinsic value. Founded in 2006, Avatrade has grown its presence to serve over 400,000 registered users who execute more than 3 million trades monthly. The broker processes an average monthly trading volume exceeding $80 billion, reflecting its established market position.

Additionally, the broker caters to a broad audience with offerings like Islamic accounts that adhere to Sharia principles. The platform prioritizes client safety by providing segregated accounts to separate clients’ funds from the company’s finances. In addition, the platform offers high client security, evident by its robust regulatory framework. However, while AvaTrade offers many features catering to a wide audience, those seeking advanced trading functionalities might be limited.

AvaTrade alternative brokers & comparison

The broker’s pricing mechanism is suitable for high-frequency trading when trading instruments from certain asset classes (most FX pairs and share CFDs, some commodities, etc). AvaTrade offers its powerful trading features within its intuitive mobile applications, which are available on Android and iOS devices. With the mobile apps, traders can monitor markets, execute trades, and utilize basic charting tools anywhere. Moreover, AvaTrade offers modern-day investors a wide range of cryptocurrencies to trade. These include popular digital currencies like Bitcoin, Ethereum, and Ripple. In addition, traders can delve into global indices, stocks, and ETFs, opening up endless trading possibilities.

Pricing is also competitive on futures products, with a 0.75 charge per trade on Micro contracts and 1.75 on E-Mini and Standard contracts. There are also zero deposit fees, account fees, plus you get free access to level 2 market data. I opened a paper trading profile and found that you can test the MT4, MT5, WebTrader, and AvaTradeGO platforms in a risk-free setting.

• As a legitimate online broker, AvaTrade offers a wide range of trading instruments and investment offerings with competitive fees.
• The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms.
• If you are a client in the UK or Europe then you have the “Retail” account available for your use.
• DayTrading.com may receive compensation from the brands or services mentioned on this website.

He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. AvaTrade offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.

Is AvaTrade suitable for automated trading?

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. AvaTrade Forex spreads remain relatively higher compared to fully commission-based brokers. DayTrading.com is committed to helping avatrade broker traders of all levels make informed decisions about which broker to trade with. I find the Analyst Views especially useful for helping discover opportunities.

Avatrade is headquartered in Dublin, Ireland and has several locations globally, including Japan, Australia, UAE, best broker Mexico and Italy. An established online trading company since 2006, AvaTrade.com has more than 400,000 users globally. AvaTrade also offers more than 60 ETFs (exchange-traded funds) in addition to 44 forex options. The selection is good, considering that few brokers facilitate options trading to begin with. The reason is, AvaTrade offers cryptocurrency trading which is 24/7. So if a cryptocurrency trader encounters a problem during weekends, he will only be able to contact support on coming Monday.

And if that is not enough, you can sign up for a free e-book that offers even more content to digest. There are no additional expenses related to withdrawals from your AvaTrade account. Some brokers charge extra for more than one withdrawal per calendar month, but thankfully, this is not the case at AvaTrade. Due to international anti-money laundering requirements, the method of withdrawal has to be the same as the payment solution you used to fund your account. You must withdraw up to 200% of your deposit (your total deposit plus 100% profit on top).