AvaTrade Forex Broker AvaFx information, review, opinions

Traders also have automated trading platform choices including ZuluTrade, which can be integrated into MT4, downloaded as an app or traded over the web. AvaTrade customers have access to several customizable trading platforms. Traders can choose between the proprietary AvaTradeGo platform and the industry-leading MetaTrader4 (MT4) platform for manual trading. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. AvaTrade indicates that it will accept a minimum investment entry of just $100.

  1. And the “Forex Calculator” link informs the trader about the potential profits, losses and costs to trading, like overnight interest calculations.
  2. The AvaTrade web trader’s dashboard welcomes traders with a shortcut menu on the left-hand side, offering tabs like trading, position management, open orders, and order history.
  3. In order to withdraw funds, traders need to fill out a withdrawal form through MyAva.

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. The rebranded and updated MT4-based app includes enhanced social trading capacity, but it has a limited feature set that’s generated dozens of complaints on Google Play. The app is also geared toward newer and less skilled traders, providing “step-by-step guidance on opening trades” and a feedback system that experienced traders aren’t likely to use. The “Trading Conditions & Charges” link under the “Trading Info” tab lists the spreads, available leverage, and margin requirements for all AvaTrade’s instrument offerings.

History of AvaTrade

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The minimum advertised spreads for FX majors are in line with the industry average with EUR/USD at 0.9, USD/JPY and AUD/USD at 1.1, GBP/USD and USD/CHF at 1.6, NZD/USD at 1.8, and USD/CAD at 2.0. As is the norm in the FX industry, clients will be charged swap fees on positions they hold overnight. AvaTrade offers two live trading accounts (retail and professional) and a demo account.

FP Markets Review

Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. By key features, we mean those features with which a trader typically use while executing a trade.

The list of forex, CFD, and options trading instruments is on par with industry standards, with the addition of cryptocurrencies providing opportunities for high-risk speculators. Shares and ETF offerings are dominated by highly liquid U.S. big tech stocks. UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalog. Deposits can be canceled by contacting AvaTrade’s support team on business days (excl. Saturdays and Sundays).

Key Features On AvaTrade Web

Traders can take spot and options positions through AvaOptions, a dedicated but basic platform that provides plain vanilla and complex hedging with streaming put and call quotes for a subset of forex pairs. It also offers a diverse set of strike prices and expiration dates. AvaTrade has discontinued RoboX and Mirror Trader social trading programs, as well as AvaTradeAct, its dedicated platform and Metatrader alternative.

The company says it set this amount because new traders are often under capitalized. AvaTrade claims that the withdrawal process takes 1-2 working days (Mon to Fri). The arrival time of funds depends on the payment method used for your withdrawal. The fastest withdrawals are usually processed via credit and debit cards, or via e-wallets like Neteller and Skrill. Wire transfers may take the longest up to 10 days after processing.

Account Requirements

After you have withdrawn up to 200% of your initially deposited funds (upon profit) to your funding card, you may choose other methods to withdraw the rest of your funds. For compliance purposes, AvaTrade must transfer your funds back to the original source you used to fund your account. This account needs to be in the same name as the account maintained with AvaTrade.

Demo account traders are not required to complete the verification process. In order to withdraw funds, traders need to fill out a withdrawal form through MyAva. Traders must verify their account to be eligible for withdrawals.

At the bottom of the trade execution screen, users can access a small chart of their selected products. AvaTrade obtains spreads data from reputable third-party avatrade review sources, which in turn obtain the data from exchange feeds. The firm also offers spreadbetting to residents of the United Kingdom and Ireland.

Connecting with chat can be cumbersome, with requests at different times of the day answered by a live representative after a lengthy wait. 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. Investors who seek a wide variety of forex, CFD, and cryptocurrency offerings may find what they’re looking for with Avatrade. Withdrawal processing can take up to 10 business days, according to the company. AvaTrade is registered with multiple jurisdictions around the world, but it doesn’t accept U.S. traders.

How long do AvaTrade withdrawals take?

The website and platform are available in 24 different languages, including Dutch, English, Finnish, French, Italian, German, Korean, Spanish, Portuguese, Arabic, Russian, Chinese, Swedish, and Turkish.