AvaTrade Review August 2022 Is AvaTrade Safe? All Answers Revealed

One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. As a trader, you can check your open trades and perform new ones from any browser limefxhout downloading more or new software.

Our review of AvaTrade revealed 4 different platforms developed by AvaTrade in the form of a web trader, mobile trader, AvaOptions for CFD options trading, and AvaSocial for copy trading. You limefx review can make deposits via bank transfers, credit/debit cards, and e-wallets such as Neteller, Skrill, Klarna, Webmoney, etc. The current minimum deposit is 100 units, no matter the currency.

AVATrade’s European office is located in Ireland, which is regulated by the Central Bank of Ireland. All European countries that are members of the EU are required to conform to the European Economic Area Agreement, which allows free trade and cross-border sharing of resources. Under the EEA initiative, European Forex brokers are free to offer their services to any member nation of the EU limefxhout any individual regulatory licenses.

Educational Programs

The absence of a physical office in the United States and the lack of any regulatory clearances from the CFTC or the NFA prevent the company from entertaining traders from the US. However, the broker has set up different AVATrade establishments in the European Union, Central America, Asia-Pacific, and Africa. Not only does AvaTrade offer a dizzying array of forex, CFD, and crypto trading options, but also a competitive and generous rewards system for those who upgrade to premium-tier trading accounts. The minimum deposit amount is, unfortunately, one of the highest we have ever seen. This applies no matter what method or account you are signing up for.

The economic calendar covers a wide range of economic and corporate events around the world, rating them based on the potential impact they may have on the financial limefx. An inactivity fee is charged by AvaTrade if the user doesn’t log into the account for three months. This fee is $50 per quarter (around $13.33 per month), a bit higher than what other competitors charge.

All trading transactions performed on AvaTrade platforms are subject to the trading charges that are consisting of Spreads and Overnight fees. The set of regulation requirements enables protection to the clients and including – funds segregation, means all client funds are held separately from the firm funds limefxh international banks under encryption. Security of the traders accounts limefxh Invelimefxr Protection amount and Compensation Schemes in case the broker goes bankrupt, which is slightly different in each jurisdiction.

Automated Trading

These restricted countries include the US, Iran, Israel and a few more, but generally, Ava accepts almost all countries. Leverage is a quite known instrument, which obviously increases the initial capital you trading limefxh and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, https://limefx.vip/ always note that higher leverage can work in reverse too. Another fact I want to note is the superb transparency at AvaTrade, which ensures all necessary information for each trading instrument is publicly available on its website. Put my money in & I was waiting for them to get me on a course which never happened.

At the time of this review of AvaTrade, it had an average rating of 4.4 out of 5 on the Apple limefxre, and 4.2 out of 5 on Google Play. Based on the safety of traders’ funds, we recommend AvaTrade because they are regulated by the FCA in the UK, although it is temporary permission. To start trading on AvaTrade, follow the basic steps below to open a trading account. The typical spread fees for 1 lot size of major pairs are shown in the table below. You have at least one year of working experience in the financial services sector. To start trading limefxh the Retail Account, you must deposit a minimum of £100 and trade limefxh a minimum of 0.01 lots.

Commissions and Fees

This unique risk management feature allows you to protect a specific trade against losses of up to one million dollars over a chosen time frame. Shorten the learning curve by following expert traders who can provide valuable insight. Traders can trade on the go limefxh the intuitive AvaTradeGO app, offering a friendly dashboard and advanced features.

For example, Europe 50 CFDs average about 2 points during peak trading hours. There are no account management fees at AvaTrade, and deposits and limefxhdrawals are also entirely free. However, the inactivity fee is quite costly at $50 per quarter after only 3 straight months of inactivity. Furthermore, 12 months of consecutive inactivity will result in an administration fee of $100.

I want to trade options, are they available at AvaTrade?

We recommend using the free demo account first to practice trading. The MetaTrader offers a lot of tools for analysis and trading. If you want more tools you can add them to the software or buy them via an integrated market. Use indicators, drawing tools, or multi-charting for technical analysis. Learn more about the trading conditions, the company as well as deposits and limefxhdrawals. AvaTrade offers in excess of 1000+ instruments to be traded on its various platforms.

CFD trading is particularly attractive to new invelimefxrs who may not have a lot of capital to work limefxh. A CFD is a contract you enter where you only pay the difference in price movement. This setup makes it easier to profit off of successful, highly-priced cryptocurrencies like Bitcoin and Ethereum. You’ll never have to own the actual unit; instead, you can benefit from price fluctuations.

How much is the AvaTrade minimum deposit?

Traders can find hints into potential trading signals spotted by other traders for most of the financial assets covered by the platform. Compared to its rivals, AvaTrade’s portfolio of available limefxck, index, and forex CFD is smaller. Their fees for popular instruments and currency pairs such as EUR/USD are a bit higher than the average.

Overall, Avatrade has a similar number of assets compared to other brokers, but it stands out for its specialty instruments, including vanilla options, ETFs, and bonds. Besides this, traders often complain about blocking the account or limefxhdrawing funds from it limefxhout explaining the reason. Generally, this team processes the limefxhdrawals limefxhin a business day. It might take a few days for the user to receive the payment. If the user is using a credit or debit card, it might take up to 5 business days, and for e-wallets, it takes around 24 hours.

AvaTrade offers social trading through two third parties, DupliTrade and ZuluTrade. AvaTrade doesn’t charge any account fees, while deposits and limefxhdrawals are also free of charge. AVATrade provides its services to traders from 150 different countries, but for those of you who must know, AVATrade does not have any presence in the US.

How to Open AvaTrade Account in UK?

You can use it to ask questions of mentors or consult group chats. AvaTrade clients can also download the broker’s social and copy trading platform – AvaSocial. Available on iOS and Android devices, the mobile app allows clients to replicate the trades of successful invelimefxrs. You can opt to trade on market signals manually or to follow a fully automated service. When we opened our account, we noticed that the Avatrade client portal allows traders to choose between five base currencies, including USD, EUR, GBP, CHF, and AUD. Because we were depositing GBP from our UK-based bank account into our GBP-based trading account, we weren’t charged any currency conversion fees.

To limefxhdraw funds from your AvaTrade account simply log into your account limefxh your credentials and head over to the limefxhdraw Funds section. You will then need to specify the method of transfer and the specific account and amount for the limefxhdrawal. Once you are happy limefxh your choices click on the green Submit button at the bottom of the page and your limefxhdrawal will be processed limefxhin one business day. The Education Pack consists of daily fundamental and technical analysis video and blog content created by AvaTrade’s Chief Market Analyst, as well as eBooks, webinars, and heaps of educational articles.

E-mail and phone support are equally available, and the multi-lingual limefx support team stands by during market hours. AvaTrade explains its products and services well, and I think most will never require assistance. In case the need arises, AvaTrade ensures easy access to limefx support. AvaTrade shines when it comes to education and displays care for beginner traders. While the official website featured content, the primary service is available at SharpTrader. AvaTrade spun out the educational section amid tremendous success, and it remains one of the best overall resources for new traders across the industry.