Traders who fall below the AvaTrade margin requirements risk receiving a margin call and having their position closed prematurely. AvaTrade obtains spreads data from reputable third-party sources, which in turn obtain the data from exchange feeds. The website and platform are available in 24 different languages, including Dutch, English, Finnish, French, Italian, German, Korean, Spanish, Portuguese, Arabic, Russian, Chinese, Swedish, and Turkish.
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.
- 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.
- Select one or more of these brokers to compare against AvaTrade.
- AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering.
- The AvaTrade web trader’s dashboard welcomes traders with a shortcut menu on the left-hand side, offering tabs like trading, position management, open orders, and order history.
While AvaTrade has made improvements in this category, its research offering can’t stack up against what the best forex brokers offer. Vincent was very helpful with my registration, it was so quick. I will now use the links he sent me to start learning how to trade. I have really enjoyed my experience with AvaTrade so far I would recommend it to my peers. Vincent has been very helpful making sure my account setup went smoothly and that I have access to all the information I need to be a successful trader.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Excellent bonuses, high leverage, immediate execution, tight spreads, 24/5 support and no commissions. Great support, no issues in signing up or depositing to my account. The service was great , Alev Nazli fully explained the parts I did not understand and made me aware that there is a copy trading service and professionals mentors. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing.
I had pros and cons with my account…
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.
History of AvaTrade
It’s important that your account is up to date; even though you may have been verified upon opening your account, your broker may ask you to provide an updated proof of ID and proof of address to process your request if considerable time has passed. Before you can withdraw your money from AvaTrade, you need to ensure that your AvaTrade account and identity have been fully verified and confirmed by the AvaTrade team. After verification, the withdrawal process on Avatrade’s side takes 1-2 working days, although your funds may take longer to arrive due to banking policies. AvaTrade provides its traders with access to more than 50 forex pairs, including all the major currency pairs, minors and exotics.
Moise Elie Cohen has really been…5 stars
The minimum deposit at AvaTrade is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card. That said, AvaTrade recommends you start with one to two thousand of your preferred base currency, with the EUR, GBP, AUD all supported as available options, for traders looking for the full experience across its products. 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.
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.
A decent & fair broker
AvaTrade typically processes withdrawals within 1 to 2 business days after they are approved. However, the broker notes that processing and receiving your funds may take up to 10 business days. AvaTrade is regulated by several well-respected international regulatory bodies. All of the below bodies provide protection over clients’ funds by ensuring they are kept in separate bank accounts. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. The range of markets available at AvaTrade will depend on which trading platform you choose, and which of the brand’s global entities holds your account.
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 avatrade review 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.
AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold. Should everything be in order, your account may be ready in a couple of days, the time when you should fund your account via Credit Cards, eWallets, or Bank Transfers. Voted Best Forex Trading App 2020, AvaTradeGo offers a smooth trading experience with a sophisticated dashboard, complete with a set of intuitive management tools, clear charts, zoom for details, and many more helpful features.
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.
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.