AVATrade Review

Highly Regulated and Trustworthy

One of the first things we should look for in a broker is regulation. This gives peace of mind that our money and personal data are safe. AvaTrader has strong regulation, meaning that it adheres to robust regulations and offers transparency in its operations. 

ASIC in Australia, and the Central Bank of Ireland in the EU regulates AvaTrade. Additionally, it is regulated in South Africa, Japan, the UAE, and via CySEC in Cyprus. While this broker isn’t regulated in the UK, it does accept UK-based clients.  

Additionally, we can take peace of mind from the extra measures AvaTrade put into place to protect its clients. This includes funds kept separately from operating funds, negative balance protection, and a secure trading environment. The site has advanced encryption technology, two-factor authentication, and secure payment methods. 

Excellent Educational Resources

One of the areas where AvaTrade really shines is in its library of educational resources. Whether a beginner or an advanced trader, it’s possible to develop skills and knowledge via several routes. These include tutorials, eBooks, articles, and videos. Subjects include how to trade online, currency trading, copy trading, cryptocurrency trading, stocks, and financial derivatives. 

Tutorials are also offered on trading platforms, helping us to understand more about charting and technical analysis. The MetaTrader platforms have a range of such features and tutorials allow us to get the best out of them. 

Some of these resources may be redundant for more experienced traders. However, for beginner and intermediate traders, they are ideal for learning and development. 

User-Friendly Platforms

AvaTrade offers several trading platforms to choose from, including MetaTrader and proprietary choices. WebTrader is a user-friendly web platform that doesn’t require any downloads or installations. This is ideal for those who want to trade directly from a laptop or desktop. With a range of advanced charting tools, analytical indicators, and automated trading options, this platform is a great option. 

This broker also offers industry-standard MetaTrader 4 & 5, which have their own range of advanced tools. MetaTrader 4 in particular is a popular forex trading platform. Conversely, MetaTrader 5 is an updated version which has enhanced charting capabilities. This platform also provides access to a wider range of tradable instruments than its predecessor. 

For those who want to trade on-the-go, the AvaTrade GO app is available. This is a proprietary app that allows access to accounts, monitoring, and placing trades. It is available via iOS and Android, and is very easy to use. 

We can also mention automated trading, which is a key feature supported by the MetaTrader 4 & 5 platforms. We can all find this useful, as it allows us to use algorithmic trading strategies and expert advisors to execute trades automatically. As a result, we don’t miss profitable opportunities. 

Account Types

There are many account types that suit different needs and preferences. The Demo Account is the best place for beginners to start. This gives an environment for skill development without risking real money. It provides access to many trading instruments which can be traded via virtual funds. 

The Standard Account is designed for beginners ready to trade with real money. With low minimum deposits of $100, this account also offers variable spreads and leverage up to 1:400. 

The Retail Account is a good choice for experienced traders. This is reflected in the higher minimum deposit, which is $1000. This account offers variable spreads and leverages up to 1:30. A wider range of tradable instruments are available via this account, creating good potential for higher gains. 

The next option is the Professional Account, which is another for experienced traders. However, to sign up for this, specific criteria must be met. These include a certain trade experience level, trading volume, and financial knowledge. If accepted, this account offers access to many trading instruments, low spreads, and higher leverage, up to 1:400.

Competitive Spreads on Some Instruments

One of AvaTrade’s unique features is that it offers spreads over the market. This means that on any given day, we may pay slightly more than the market rate on a particular currency pair. However, we can trade without worrying about slippage or requotes. Spreads can also vary depending on market conditions. 

Spreads are variable on all accounts but overall they are very competitive. This does vary according to the specific instrument, so it’s important to research carefully before making a trade. However, AvaTrade does offer generally competitive spreads overall. 

Excellent Customer Service

If we run into a problem, we need to speak to someone and resolve the issue. This is sometimes difficult if customer service isn’t the best quality, but AvaTrade doesn’t have this issue. Most users state that this broker offers excellent customer service and it is available 24/5 via phone, email, and live chat. Additionally, support is available in several languages, making it accessible for most people. 

AvaTrade in general is renowned for its quality support and many users mention the fast response times and quality of advice.