OVERVIEW OF AVATRADE
AvaTrade is a trusted brand that has a unique place among forex brokers and that’s why we are going to do AvaTrade Review today. AvaTrade offer a vast selection of trading platforms for Forex and CFD traders. Its educational content is also above-par industry standard. AvaTrade won the Best-in-class rating for beginners for 2022 solely on merit of its educational content.
While researching on AvaTrade review, we found it to be outstanding for copy-trading competitive for mobile, and in sync with the industry standard of pricing and research.
Another factor that goes in favour of AvaTrade is its trust score which stands at 93 out of 99. It is considered to be very safe as it is authorised by four tier-1 regulatory bodies and four tier-2 regulatory bodies. Tier-1 regulatory body is considered to be of very high reputation, while tier-2 regulatory body is considered to be of average reputation. Tier-3 regulatory body occupies the nadir position in reputational hierarchy and only one tier-3 regulatory body authorises AvaTrade. So, AvaTrade is considerd to be very safe and secure brokers for trader. The following tier-1 regulatory bodies authorise AvaTrade: (1) Australian Securities and Investment Commission (AISC) (2) Investment Industry Regulatory Organisation of Canada ( IIROC) (3) Central Bank of Ireland (CBI) and (4) Japanese Financial Services Authority (JFSA).
AvaTrade in our research and analysis on best forex brokers came out with flying colours. It is not only safe and secure to trade with AvaTrade, it is also highly rewarding, both in terms of experience as well as lucrativeness. The kind of trading platform that you choose decide the availability of range of markets at AvaTrade. Another factor that decides the availability of types of market is your account with different global entities affiliated to AvaTrade.
AvaTrade brings to its trader a total of 1,260 symbols in MetaTrader5 and practically the same number of WebTrader. It is important to point out that out of 1,260 symbols on offer from Avatrade, a few hundred of them have been put on hold. This means at the the time of writing of this Avatrade review, they are offering a little less than 1,260 symbols.
Let us turn our gaze towards cryptocurrency and see how is AvaTrade faring in trading of cryptocurrencies.
Cryptocyrrency trade is made possible at AvaTrade through CFDs. But trade in Cryptocrrency is not available through trading in underlying assets such as Bitcoin. We must keep in our mind that Crypto CFDs are not made available to retail traders from any of the U.K entity of the AvatTrade, nor the same is available to UK resident.
AvaTrade’s spreads are at par with the industry average which is a little below one pip (0.9 pips). But AvaTrade offer spreads a little high on the entry-level accounts offered by other established and reputed Forex brokers like CMC Markets and Tickmill.
The following table summarizes the different investment products available to AvaTrade clients.
AvaTrade has lucrative offers for professional traders. If you are an experienced trader you can open a Professional account with Avatrader. These professional accounts offer you spread at 0.6 pips that are equal to FP Markets.
AvaTrade proprietary apps brings to its clients – experienced as well as beginners — the best mobile experience. But irrespective of a great experience AvaTrade mobile apps fall short in standard when compared to advanced mobile apps of such big names as Saxo Bank, CMC Markets, et al. Though mobile apps of AvaTrade have still a long way to go, they are improving incrementally and we have no reason to doubt that in a short time to come AvaTrade’s mobile apps will at par with those of the best in industry.
A quick glance at AvaTrade Moble Apps
AvaTrade has its own proprietary mobile platform known as AvaTradeGo and AvaOptions. Besides these two mobile platforms, AvaTrade also has the complete MetaTrader suite (MT4 and MT5) available on Android and iOS devices.
The AvaTradeGo app is modelled on its web counterpart and is easy to use with a proactive and comprehensive setting for default syncing watchlist and a protection feature called AvaProtect against volatility. This feature helps a trader in mitigating his risk on an open trade by hedging their position with a forex option.
Another great thing about AvaTrade is its high quality daily in-house research content. The research content is produced in video as well as article format. Different formats are designed keeping in mind different sets of requirements of different types of traders. Though the research content of AvaTrade is of excellent quality, they can’t be compared with research content produced by the top tier brokers. There is lot of scope and room for AvaTrade to improve on its research content.
Educational content provided to traders by AvaTrade is of high quality. These educational contents are designed and developed with clarity of purpose and cater to beginners and experienced traders alike.
OUR ASSESMENT ON AVATRADE
AvaTrade is one of the best brokers that cater to both experienced as well as novice traders. It has built a reputation by offering a comprehensive selection of trading platform options and making high quality educational content for its traders. If you will read Avatrade reviews on trust pilot then you will find many positive as well as negative reviews.
AvaTrade range of tradable markets have grown hundred per cent. It offers spreads to its clients with professional accounts at a highly competitive price. Overall AvaTrade is safe to trade with and its offers too are attractive. Its safety protocols ensure traders
|Year of Inception||2006|
|Trading - Forex or CFDs||Yes|
|Tradeable Symbols (Total)||1260|
|Forex Pairs (Total)||55|
|U.S. Stock Trading (Non CFD)||No|
|Int'l Stock Trading (Non CFD)||No|
|Social Trading / Copy Trading||Yes|
|Minimum Initial Deposit||$100|
|Average Spread EUR/USD - Standard||0.91 (Aug 2020)|
|All-in Cost EUR/USD - Active||0.61 (Aug 2020)|
|Active Trader or VIP Discounts||Yes|
|Execution: Agency Broker||No|
|Execution: Market Maker||Yes|
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Social Trading / Copy Trading||Yes|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Charting - Indicators / Studies (Total)||90|
|Charting - Drawing Tools (Total)||13|
|Charting - Trade From Chart||Yes|
|Watchlists - Total Fields||6|
Table of Contents
AvaTrade is one of the best brokers that cater to both experienced as well as novice traders. It has built a reputation by offering a comprehensive selection of trading platform options and making high quality educational content for its traders. AvaTrade range of tradable markets have grown hundred per cent. It offers spreads to its clients with professional accounts at a highly competitive price. Overall AvaTrade is safe to trade with and its offers too are attractive. Its safety protocols ensure traders.
- AvaTrade was founded in 2006 and is regulated by three tier-1 regulatory bodies and as many tier-2 regulatory bodies. Being regulated by the best of regulators make AvaTrade a very safe Forex broker for trading CFDs and Forex.
- Besides MetaTrader, AvaTrader also offers its proprietary platforms AvaTrade, Web Trade and AvaTradeGo with modern features like AvaProtect.
- The AvaOptions app brings to AvaTrade clients outstanding forex options mobile trading platform.
- Total of 44 forex options and 1,200 CFDs are on offer at AvaTrade.
- For social copy trading, AvaTrade offers AvaSocial in conjunction with ZuluTrade and DupliTrade.
- Though pricing for retail accounts is at par with the industry standard, it is far behind the top guns.
- The recurring technical glitch at AvaOptions desktop platform makes it very slow to load. The platform’s design is from an era long gone by and doesn’t reflect the advances technology has made in modern times.
- AvaTrade offers 1,260 symbols. But at the moment 351 of these symbols are on hold for both the MetaTrader and WebTrader platforms.
- Research is of very good quality but is limited to Trading Central Modules.
- Educational content too is of good quality but the problem is AvaTrade produces only one or a couple of articles and video daily.