The firm began operations as forex trading firm Ava FX, but soon branched out into other asset classes. And the “Forex Calculator” link informs the trader about the potential profits, losses and costs to trading, like overnight interest calculations. AvaTrade is a privately held online forex and CFD (contract for difference) broker.
Customer Service
All client money is held in segregated accounts with leading banks, in accordance with international banking standards. AvaTrade strives to secure users’ funds and safeguard their private information. The broker also provides negative balance protection in all countries it operates in.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- The hamburger menu allows access to account settings, personal preferences, and various trading tools like the trading calculator.
- Our testing found AvaTrade to be great for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research.
- However, the tradable assets on AvaTrade are somewhat similar to those offered by their competitors.
- AvaTrade is committed to protecting the privacy of its clients and their personal information.
Privacy, Security, and Funds Protection on AvaTrade
While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval. This Top 10 Forex Broker maintains a legit presence across multiple jurisdictions, ensuring compliance, transparency, and trust. Our Ava Trade review highlights the reasons we consider AvaTrade legit, and the best trading platform for beginners and experienced professionals alike. AvaTrade offers five different types of trading accounts to its clients.
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The platform also provides a trailing stop loss feature, which allows you to automatically exit a trade when it reaches a certain level of loss. When choosing a mobile trading platform, it is essential to consider your own trading needs and preferences. If you are looking for a simple and user-friendly app with all the features you need to trade effectively, then AvaTradeGO may be the right platform for you.
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. The AvaOptions mobile app includes an integrated strategy guide and 40+ currency pairs. 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.
AvaTrade’s fees include a buy/sell spread, Overnight Premium, inactive fee, and Administration Fee, all designed to be transparent and integrated seamlessly into trading operations. AvaTrade distinguishes itself with its adherence to regulatory standards, offering derivatives trading in various markets and earning global admiration for its credibility and innovation. Traders get to enjoy a local flavour with customised support options, a preferred selection of financial instruments, and tailored offerings for the rainbow nation. However, if you are a more experienced trader who requires advanced charting tools and analytical features, then MetaTrader 4 (MT4) may be a better option. AvaTrade is committed to protecting the privacy of its clients and their personal information. We have implemented physical, electronic, and procedural safeguards to protect client information.
AvaTrade is one of the best brokers for beginners due to its trading academy, SharpTrader. Traders pay a fee for the protection period, and if they close their trade with a profit, they keep it. Traders who close their position at a loss during the protection period get automatically reimbursed by AvaTrade but face the loss if they exit it after AvaProtect expires. Marko has been working on the road for over 5 years, and is currently based in Europe.
As AvaTrade is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations. Most traders will satisfy it by sending a copy of their ID and one proof of residency document. The cost depends on the asset, expected volatility, and duration. AvaTrade will display the fee, which it deducts from your account balance when you execute your trade, and traders agree to it by taking the position. AvaTrade offers traders a commission-free pricing environment, but it comes with higher spreads.
AvaTrade offers traders a broad range of trading platforms, including a dedicated options trading platform and its proprietary mobile app and social trading platform. The available assets present a balanced mix, offering clients in-depth cross-asset diversification from a commission-free pricing environment. As a global brand, AvaTrade offers various tradable assets across different trading platforms, including Mt4, MT5, and AvaTradeGo. AvaTrade is authorized by several regulators and aims to provide stellar trading conditions for traders worldwide. Read this https://traderoom.info/ review to learn the key features and services offered by the platform.
Traders should consult the Trading Conditions & Charges section of the AvaTrade website for the specific margin requirements for each instrument. Withdrawal processing can take up to 10 business days, according to the company. Trading Central provides intra-day updates and short-term technical signals. 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. 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 search feature can be used to easily access the tradable instruments on the platform. This can help traders save time and increase the efficiency of their trading processes. The broker https://traderoom.info/is-avatrade-truly-a-brokerage-we-can-rely-on/ charges no deposit and withdrawal fees, but there are inactivity fees for dormant accounts. The bulk of customer support at AvaTrade consists of its FAQ section and its chatbot.
The web trading platform lets traders execute orders quickly by choosing the specific asset to trade and inputting the risk management parameters. Commissions are fees charged by the broker for each trade that is executed. This is good for traders, because it means they won’t have to pay AvaTrade any fees for executing buy and sell orders. AvaTrade offers clients its in-house developed risk management tool AvaProtect, which insures against losing trades, for a fee, allowing traders a further option to hedge their risk. I want to note that the trading environments offered by these seven jurisdictions are significantly different, as the relevant regulators have varying degrees of restrictions.
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. This is a very innovative product that allows traders to trade options on a wide range of assets, including currency pairs, commodities, indices, and shares. The AvaOptions platform offers a variety of unique features that make it an ideal choice for traders looking for a more advanced way to trade. AvaTrade is a broker and a global brand that allows traders to trade several assets on an extensive selection of trading platforms.
Take advantage of both rising and falling prices with Stocks CFDs from a leading global broker. With fully segregated client funds, backed by top-tier banks and award-winning service. With our always-low costs, spreads from zero, and generous rewards program. Live chat support is available in several languages, including English, French, Spanish, Italian, Portuguese, Russian, Arabic, and Japanese. Phone support is available in several languages, including English, French, Spanish, Italian, Portuguese, Russian, Arabic, Turkish, and Japanese.