It is crucial to read the broker review before trading with the broker. You can find the AvaTrade review in detail below. AvaTrade is a well-known international company that provides traders with a diverse range of trading platforms. With a high Trust Score (93/99), AvaTrade is regarded as a minimal risk broker. AvaTrade isn’t a publicly listed company, and it doesn’t run a bank. Three top-tier authorities (high trust), four tier-2 authorities (medium trust), and a tier-3 authority have approved AvaTrade.
The markets offered at this broker will vary depending on which of the company’s worldwide organizations and trading platforms the trader selects. The list below outlines the various investment packages accessible to AvaTrade customers.
Crypto: CFDs allow you to trade crypto, but you can’t trade the underlying asset directly (purchasing BTC). Remember that crypto CFDs are not offered to retail traders or United kingdom residents from whatever brokerage firm’s United Kingdom entity.
A total of 55 Forex Pairs
A total of 1260 Tradeable Symbols
AvaTrade Review – Fees
AvaTrade’s spreads are similar to the industry median, at 0.9 pips on the Euro/US Dollar currency pair, but way greater than CMC Markets. The only exception is if you classify as a pro trader, in that case, the spreads are reduced to 0.6 pips.
The minimum deposit is $100, and the broker’s spreads on the Euro/US Dollar currency pair are 0.9 pips, somewhat more than the industry standard, although spreads for its Pro clients are attractive and similar to FP Markets.
AvaTrade Review – Platforms
The broker provides their own platforms (AvaTrade WebTrader and AvaOptions), the whole MT suite, ZuluTrade, as well as DupliTrade (available via WebTrader). AvaTrade scored high for social trading yet again, due to its broad array of social trading platform features.
WebTrader and MetaTrader: MT has almost 800 tradeable items, whilst WebTrader has about 200.
AvaTrade WebTrader: AvaTrade’s unique WebTrader platform is built efficiently and is fast. 90 indicators are included in the chart package, and a package of Trading Central instruments is immediately linked into the platform. In comparison to the scope and scale of elements present on proprietary platforms of industry giants like Saxo Bank, and IG, WebTrader does have a long road ahead.
Social Trading: The broker’s consistent success in growing and improving its social trading feature has enabled it to join the ranks of industry giants like Pepperstone and eToro. The broker just debuted AvaSocial in the United Kingdom, albeit it does not yet allow for automatic trade duplication.
AvaOptions: The broker offers AvaOptions, its FX options platform for PC and mobile devices, to options traders who fund their account at a minimum of $1,000. The Pc version is solely available for Windows. Even for an experienced trader, the platform’s interface seems to be confusing. AvaOptions, which is clearly designed for experts, requires a redesign.
AvaTrade Review – Analysis
Ultimately, the broker provides traders with acceptable research expertise.
AvaTrade’s analyses: The broker’s proprietary research is limited to their YouTube-hosted everyday market research sessions, which are excellent. However, when matched with the finest FX brokers, there is nothing to differentiate the broker’s own research service.
The broker’s research service is highlighted by Trading Central, which offers third-party material. Trading Central is fully incorporated into their web platform, providing Market Buzz, Analyst Views, and a financial calendar. Trading Central’s content is also available in MetaTrader 5.
The broker offers a wide range of instructional resources from its own employees and also third-party partners like SharpTrader.
Materials: The newbie area contains over 60 thorough articles, while the expert portion contains 29. AvaTrade, for instance, deconstructs much more significant economic signals and discusses how central bank statements and economic news may influence prices.
Videos: In addition to basic platform training, there are almost 50 videos covering a wide range of subjects, including a full video describing what is a Donchian channel and how it can be utilized by an AvaTrade user. The broker also has a Youtube page with a number of older video webinars, which helps to complete out its services.
AvaTrade Review – Mobile Experience
Ultimately, the broker’s mobile ordeal is satisfactory and should appeal to the majority of users. It isn’t nearly strong enough to compete with major brands like CMC Markets, and Saxo Bank.
The broker’s own mobile platforms comprise of AvaOptions and AvaTradeGO, in addition to the entire MT suite for Android and iOS smartphones, which includes MT4( MetaTrader 4) and MT5 (MetaTrader 5).
AvaTradeGo: This app is quite similar to its website cousin, and it has a large number of preset synchronizing watchlists as well as AvaProtect, a volatility mitigation tool. This tool enables a user to mitigate risk on an asset by partly hedging it with an FX option at an extra charge. Charting includes more than 90 indicators, as well as incorporated Trading Central studies and associated resources, much like the webpage. Overall, it’s a well-rounded software that’s ideal for newbies.
AvaOptions: The app design seems to be impressive since the broker isn’t hesitant to take design initiatives in order to improve its usefulness. AvaTrade, for instance, has a one-of-a-kind system for reading option sequences that are remarkable. However, the “payoff” charts are difficult to grasp and may benefit from descriptive footnotes. Apart from options sequences, there are 14 basic options trading techniques accessible, and picking one will instantly fill the order ticket with the associated options contracts. One more good feature is that investors may adjust the strike price by sliding it up or down.
AvaTrade Review – In General
Generally, AvaTrade shines out for its extensive range of trading platforms, educational materials for newbies, and cryptocurrency trading, where it has been named Best in Category in 2021. The disadvantages are poor research skills and a restricted number of tradeable markets. The broker’s spreads for users in the European Union who are classified as Pro Traders are very attractive.
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