AvaTrade reports trading volumes of over $70 billion per month. Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2023. MT5 is a state-of-the-art, multi-functional platform that boasts advanced auto-trading systems, technical tools, and copytrading (A feature that allows investors to “follow”, copy, and invest in other trader’s strategies). MetaTrader 5 accommodates advanced trading needs across a more comprehensive asset class selection (CFDs on stocks, crypto, among others) than its predecessor, MT4. Thanks for the quick response and awesome professional service received from Alev Nazli.
It must be noted that initial deposits must be withdrawn with the payment provider you deposited with. Live chat is available directly from the AvaTrade web trader dashboard. The next AvaTrade screen asks you for basic information such as your estimated annual income, savings, an expected annual investment of funds, and source of account funding. For compliance purposes, AvaTrade must transfer your funds back to the original source you used to fund your account. This account needs to be in the same name as the account maintained with AvaTrade. Traders can make deposits and withdrawals by Visa, Pay.com, or wire transfer.
- Traders can upgrade to a real trading account directly from the mobile app, either from the homepage dashboard, or the account settings section.
- Mobile users who are not yet ready to trade live can access a practice account with AvaTradeGo.
- AvaTrade typically processes withdrawals within 1 to 2 business days after they are approved.
- The broker offers both fixed and variable spreads depending on the specific market being traded.
Traders can choose between the proprietary AvaTradeGo platform and the industry-leading MetaTrader4 (MT4) platform for manual trading. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as avatrade review the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
See all AvaTrade’s Shares Spreads
At the bottom of the trade execution screen, users can access a small chart of their selected products. Traders need to fill in some personal details to verify themselves, along with details on trading knowledge, experience, the preferred platform, and currency. AvaTrade notifies customers via email about any problems regarding withdrawal requests. AvaTrade will not approve withdrawal requests until all requirements are met.
AvaTrade offers customers dedicated 24/5 customer support in 15 languages. Traders can contact the AvaTrade customer service support team by phone, email, and live chat. Traders also have automated trading platform choices including ZuluTrade, which can be integrated into MT4, downloaded as an app or traded over the web. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
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You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Alev Nazli was really helpful and responsive to help me open my account. It took over a month to get my account verified because I am new in Canada and had to wait for my first bank statement and utility bill with my address. After my account was verified it was quick and easy to deposit funds and start trading immediately. AvaTrade is an online brokerage firm offering its global customers access to forex and Contracts-for-Difference (CFD) trading in shares, bonds, indices, ETFs, commodities, and cryptocurrencies. That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps.
However, we also note that the firm has been sanctioned by regulators in 2016 and 2017 for its actions in Belgium, Israel, and Canada. The firm also offers spreadbetting to residents of the United Kingdom and Ireland. Select one or more of these brokers to compare against AvaTrade. Read our full explanation and accounting of our research and testing process to learn more about how we test. The following table summarizes the different investment products available to AvaTrade clients.
Why Trade On a Demo Account?
She’s been great by assisting with learning tutorials and any advice. I spoke to someone this morning I am new to your service but nothing new to trading, but getting familiar with things on this new platform. We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Given that the page is split into asset browsing and charting, it has a simple and uncluttered design. The top-bar shows overall account balance statistics, like the available and total balances, along with the trader’s profit/loss and equity data.
AvaTrade Reviews
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. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
US traders welcome at these brokers:
By key features, we mean those features with which a trader typically use while executing a trade. Switching over to a real account from a demo account can be done via the demo dashboard by clicking on the ‘Upgrade to Real‘ button. Traders can open accounts denominated in USD, EUR, GBP, and AUD. AUD is only available for Australian clients, while GBP is only available for clients from the UK.
Users can choose between a practice account or a real account. Mobile users who are not yet ready to trade live can access a practice account with AvaTradeGo. 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. The broker offers both fixed and variable spreads depending on the specific market being traded. Today the firm serves over 300,000 clients who place over 2 million trades every month.
The AvaOptions mobile app includes an integrated strategy guide and 40+ currency pairs. This process is completed once traders’ accounts are verified. Traders can open a live trading account with a minimum deposit of $\£\€100 by credit card deposit and $/£/€500 by wire transfer. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
When opening an account, you will have to choose the jurisdiction you wish your account to be. It is an important aspect that has to be thought thoroughly since leverage, banking options, and the availability of Investor Compensation schemes will depend on it. For example, suppose you wish to be regulated under AvaTrade’s EU entity. In that case, your account will fall under the Central Bank of Ireland’s rulebook, implying that you will be subject to the Investor Compensation Scheme. However, the leverage level will be lower than the one offered by AvaTrade’s BVI entity.
AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill. AvaTrade is one of the most heavily regulated brokers globally, being subject to the opinions of the financial authorities of Ireland, Australia, Japan, South Africa, the UAE, and the British Virgin Islands. One way to understand whether a Broker is trustworthy is through the State Regulation and the Security measures to which the company that owns the platform is subject. If a broker is supervised by a government entity considered Top Tier, this is an indicator to know if it is safe to deposit funds and operate with the platform. Such a friendly and informative guy, very easygoing and professional.