AvaTrade is one of the top forex brokers available today, regulated by the Central Bank of Ireland and licensed by the MiFID in the European Union.
Amongst the first brokers in forex to introduce CDF trading on stocks and indices, they are also the best in introducing digital currency and allowing ordinary retail traders access to the Bitcoin Market.
Totally open with traders and their trading options, they offer unique features like CDF rollover and access to trading central charting, all on their easily navigated website. Below are some quick benefits and considerations if you are looking for a quick AvaTrade review summary:
Avatrade Benefits
- Offers both fixed and floating spreads
- They have a negative balance protection.
- Offer multiple languages for users.
- Multiple trading platforms such as MetaTrade4, Zulutrader, and AvaTradeGo.
Considerations
- Same spread for high and low volume traders.
- Slow withdrawal process.
- No stop loss in case of emergencies.
- Special Offers
- Attractive signup bonuses for new users.
How Safe is AvaTrade?
Having a market capitalisation backing of almost $17 billion, and subject to EU regulations AvaTrade is one of the safest platforms to trade on. Although not publicly traded and does not operate a bank, AvaTrade is considered a reliable and average-risk platform.
Avatrade Commissions and Fees
This is not one of their strong selling points as they offer no commission trading and low spreads. All tradable instruments such as inactivity fees, maturity rollover fees and overnight interest calculations are all listed on a single list spread.
With all these, we can still say there is an upside with an improved broker spread compared to that of 2018. For bigger deposits of 100,000 and above per quarter (GBP, AUD and EUR), AvaTrade offers AvaSelect which is like an active trader program.
Desktop
Due to the removal of their dedicated platform AvaTradeAct and their alternative platform Metatrader, traders can now take their stock and options positions through AvaOptions, a platform that offers basic plain Vanilla and complex hedging with streaming put and call quotes used for a subset of forex pairs as well as expiration dates and strike prices which is basically what is needed to get the best.
Mobile
The upgraded and rebranded MT4-based app AvaTradeGo is the main application offered on the iOS and Android platform which has social trading capacity and a step by step guide for new traders and a feedback system geared at helping them reach their potential.
Customer Support
Most of the basic inquiries are simple, nothing that their comprehensive FAQ page can not address. On the other hand, for complex and in-depth inquiries, AvaTrade offers 24-hour phone and social media support for 5 days of the week. AvaTrade has international offices with local customer support if needed in all jurisdictions covered by them. International and local phone numbers are also provided by them giving access during their labelled times.
AvaTrade Review Final thoughts
With AvaTrade, you have multiple platforms regulated by the EU basically giving you a wide range of services and the safety you need alongside. All additional trading tools are provided basically to make trading as profitable and enjoyable as it ought to be. We hope you find our AvaTrade review useful in helping you decide which broker to join.