AvaTrade Review 2024 Multi-award winning and regulated broker

This is especially helpful if you are frequently switching between devices. One trader may prefer the ease of use of MetaTrader 4 whilst another may need the convenience of the AvaTradeGO app to trade from anywhere in the world at any time. AvaTrade also offer a selection of copy trading software to copy trades of other traders, DupliTrade and ZuluTrade. Superfast and good service with Alev (had to mention her) – was professionalAnyway, interested in options. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices.

Commissions and fees

  1. Each of these events can create changes in different instruments’ value, usually on a smaller scale.
  2. AvaTrade partnered with Trading Central in 2020, an independent provider that offers trading signals and analyst recommendations.
  3. AvaOptions gives you total control over your portfolio, letting you balance risk and reward to match your market view.
  4. The trading platforms on offer are easy to use and suitable for different types of traders, providing you with an enjoyable trading experience with low spreads, low commissions fees and rapid trade execution speeds.
  5. However, if you want more stocks and ETFs to trade, with over 9,000 stocks and ETFs available, CMC Markets can be a good alternative.

Its range of tradeable markets has nearly doubled year-over-year, and spreads for clients designated as Professional traders in the EU are quite competitive. AvaOptions includes professional risk management tools, portfolio simulations, and much more. Trade calls and puts which can be triggered by a pre-determined premium level, giving you added control over trade entry and exit. AvaTrade also offer full money management features to let you trade multiple accounts with one ticket.

Customer Service

While welcoming Rarmani back into its fold, eToro is actively pursuing regulatory approval in Singapore, with an application submitted to the Monetary Authority of Singapore. Despite being headquartered in Israel, eToro maintains a global presence with regulatory licenses across multiple countries, including the United Kingdom, Cyprus, and Germany. Diedrichs’s journey in the financial sector also includes pivotal roles at NEST Financial Group, where he demonstrated proficiency in marketing and operations. Trading Central provides intra-day updates and short-term technical signals. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

Ratings and reviews

He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. There is a very high degree of risk involved in trading securities. It should not be assumed that the avatrade broker methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Yes, your money is as safe with AvaTrade as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds.

Other trading platforms

Providing e-Wallet funding options allows for faster transfers to and from trading accounts. AvaTrade provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them. This can be a good way to familiarise yourself with the broker before trading on a real account. AvaTrade do not charge a commission to trade with them, instead they charge a fixed spread starting from 0.9 pips. I think the educational content is great and would certainly help if you are new to trading. If you already have plenty of experience then you will probably know most of the topics covered.

The broker also offers 24/5 chat/phone support, as well as social media portals and an online form entry. Connecting with chat can be cumbersome, with requests at different times of the day answered by a live representative after a lengthy wait. AvaTrade isn’t regulated by the Financial Conduct Authority (FCA), a highly regarded regulatory entity with a reputation for being strict in ensuring that market practices are fair for both individuals and businesses. It’s not subject to ESMA-mandated client account protection and leverage restrictions. AvaTrade’s 48 educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering.

I use them myself and have always been happy with everything from funding my account, customer support to an enjoyable trading experience with any hassle. The service, combined with a deep understanding of the financial markets, allow traders to enter the markets with confidence. Despite the additional tools and functionalities of MT5, most traders still prefer to use MT4, partly due to the fact that there are already an abundance of tutorials and https://traderoom.info/ tools freely available for it online. If you just want to trade forex and are not too fussed about complex market analysis, then MT4 should be more than adequate. However, those of you who want to trade stocks and have as many professional tools at your disposal as possible, you may prefer the more advanced MT5 platform. AvaTrade clients gain exclusive access to the Sharp Trader premium educational website to improve your knowledge and skills.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). The following table summarizes the different investment products available to AvaTrade clients.

That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps. On the downside, Avatrade, despite providing cryptocurrency trading, does not accept or provide funds in cryptocurrencies. This could be a disadvantage for traders, who quite frequently use cryptocurrencies as a means of payment.

XTB and Markets.com are other well-regulated brokers on par with AvaTrade who are worth considering. Georgi made the whole experience really easy any questions asked were answered in great detail I will miss his phone calls. Find out more about Naomi Rarmani’s return to eToro as Head of Compliance Operations and recent developments in the multi-asset investment firm. The forex industry witnessed a notable executive move as Jeffrey Navarro, a seasoned industry expert, moved from his former role as Head of LATAM at Taurex to assume the position of LATAM Regional Manager at AvaTrade.

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. AvaTrade has 300,000 registered traders who place more than 3 million trades each month and has executed more than $1.47 trillion in traded value since inception.

Leave a Reply

Your email address will not be published. Required fields are marked *