AvaTrade is a pioneering broker. It was founded in 2006, which is considered a lifetime in the online trading industry. In fact, it was one of the very first Forex trading platforms to be made available to retail traders.
As they are one of the most highly regulated online brokers out there to offer CFD trading online, this gives the traders a level of confidence and trust.
For nearly two decades, they have established themselves as a major player in the online financial field, with a proven track record of positive customer satisfaction.
If you’re thinking about opening an account with AvaTrade, you might be wondering about the AvaTrade fees. The fees of this exchange service can vary widely depending on the asset. AvaTrade is regulated by the Australian Securities and Investment Commission, the South African Financial Sector Conduct Authority, and the Abu Dhabi Global Markets. To open an account, you must deposit at least $100. You can also take advantage of various bonuses on deposits at AvaTrade. However, you should be aware of the fees and conditions before signing up for any account.
AvaTrade’s trading fees are low which makes it suitable for you even if you trade often.
Deposit and withdrawal fees are charged when you send money from your bank account to your trading account. Withdrawal fees, on the other hand, are free. AvaTrade will deposit the same amount back into your bank account. However, AvaTrade does charge a Currency Conversion Fee on all trades, which is equal to the exchange rate plus markup. These fees are considered average.
Withdrawal fees are rare at AvaTrade. You can deposit and withdraw funds through credit cards, debit cards, wire transfers, and electronic wallets. Bank transfers and debit card deposits will take up to four business days to reflect, while electronic wallet withdrawals are instantaneous. To withdraw your funds, you must use the same deposit or withdrawal method as you made your deposit. Withdrawals are processed within two business days.
When it comes to looking at all the non-trading fees AvaTrade is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.
Non-trading fees include various brokerage fees and charges at AvaTrade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
- AvaTrade’s trading fees are low.
- AvaTrade financing rates are average.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
- Currency conversion fee
AvaTrade will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up.
- Deposit fee
Deposit fees are applied when you send money to your trading account from your bank account.
- Withdrawl fees
does not charge a withdrawal fee
AvaTrade’s customer service team is responsive and easy to reach. If you have any questions or concerns, you can visit the company’s website or send an email. There are representatives available for various languages, and customers may also contact the company through live chat, email, or phone. Customers are typically answered within a day. The company also offers a FAQ section and offers phone support 24 hours a day. Its website offers both live chat and email support.
AvaTrade’s customer service team is available to answer questions about trading, currency pairs, currency markets, and stock markets. They speak 14 languages and are available around the clock. If you have specific questions or concerns, you can contact them by email or through the live chat option. Customer support representatives said they responded to support requests the fastest with live chat and email. AvaTrade also offers a global economic calendar, which shows current financial events, as well as monthly unemployment rates.
If you’re new to the world of online trading, low spreads on AvaTrade may be the perfect option. The broker has several subsidiaries, including the Irish-based AvaTrade. Depending on the currency pair you’re trading, you’ll be able to choose a leverage level of 1:400 or 1:10, or a leverage ratio of 1:2 for stocks and bonds. Low spreads on AvaTrade are ideal for day traders, who make money incrementally as price moves.
Low spreads on AvaTrade are available for all types of traders, from newcomers to veteran investors. The broker’s multilingual support is a huge benefit. There are a number of account types to suit different needs, and it accepts traders from virtually every country in the world. AvaTrade has regional offices in several key financial centers. The broker has won numerous awards and is widely recognized as a global brokerage firm with licenses on five continents.
Markets & Products
AvaTrade provides investors with a diversified range of trading assets. You can trade 55 Forex currency pairs, 17 commodities, 14 cryptocurrencies, and 66 single stocks. The company has an excellent reputation in the industry and is regulated in Australia and the European Union. Those who wish to diversify their portfolios can turn to mutual funds and ETFs. However, diversification isn’t easy.
- Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
- Cryptocurrency – (Not available in Canada or UK) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin cash.
- Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading these financial assets.
- Options – Avatrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product.
AvaTrade also offers a swap-free account that complies with the Islamic Sharia Principle of interest-free trading. There are no fees or commissions for trading, and you can trade over 50 different currency pairs and nine different cryptocurrencies. The platform also offers leverage up to 20:1.
AvaTrade is regulated by seven different regulatory bodies around the world. These bodies include the Australian Securities and Investments Commission, the Financial Sector Conduct Authority of South Africa, the Japan Financial Services Agency and the Financial Futures Association of Japan. AvaTrade also holds licences from the Central Bank of Ireland and the British Virgin Islands. While AvaTrade does not provide any guarantees, its overall Trust Score is 93.
It has acquired the approval of several financial regulators, including the Central Bank of Ireland, the B.V.I Financial Supervision Authority, the South African Financial Services Commission, and the ASIC (Financial Services Authority). In addition to these regulatory bodies, AvaTrade is regulated by the Cyprus Securities and Exchange Commission.
AvaTrade’s trading platform is safe and secure. Its AvaProtect risk management tool can help traders protect their trades from losses. You can also set a stop-loss or take profit and view your trading history and charts. You can also open and close positions with the mouse. It is important to understand that AvaTrade’s safety measures are meant to help you avoid unnecessary risks and maximize profits.
AvaTrade Payments & Withdrawals
AvaTrade does not charge its customers for withdrawals, but they do require that you verify your identity. Withdrawals are only possible through the method used to fund your account, so you’ll need to know your personal banking information before making a withdrawal. Bank transfers usually take 10 business days to clear, and credit card withdrawals can take five days. An inactivity fee is assessed for failure to log in to your account for more than three months. This fee is based on the base currency you’ve selected.
Inactivity fees are another downside of AvaTrade. AvaTrade deducts from your account if you are inactive for a few months. After 12 consecutive months, you’ll also be charged an administration fee of $100.
AvaTrade offers several payment options. It offers a $400 bonus to new customers who refer their friends to the company. Other bonus options vary depending on how much money you deposit.
AvaTrade has a low minimum deposit of $100. However, you can deposit up to $500 via bank transfer. For non-US customers, AvaTrade only supports a few base currencies, so you’ll have to pay a currency conversion fee if you wish to deposit in one of those. AvaTrade will then convert your deposit to the appropriate base currency at the prevailing market rate. So, if you’re looking for a forex trading solution, you’ll find AvaTrade payments to be a great choice.
Withdrawals can be processed within one to two business days, depending on which payment method you use. AvaTrade does not charge a fee for withdrawal. The regulatory authorities require that brokers comply with KYC regulations. The KYC process checks the identity of a trader and their account to ensure there are no risks.
Traders can access a range of technical indicators on AvaTrade’s platform, including economic calendars and earnings calendars. The platform also offers limited research through its Sharp Trader video platform, including daily market reviews. Users can also access intra-day updates and short-term technical signals on AvaTrade’s blog. Another benefit of AvaTrade is that the spreads are competitive for professional traders in the EU.
- MetaTrader 4 platform
- MetaTrader 5 platform
- Meta Trader for Mac
- Meta Trader for mobile trading
- Meta Trader for web trading
- The AvaTradeAct platform (Proprietary Platform)
AvaTrade Mobile App
If you’re a new trader and looking for a mobile app for trading stocks and futures, consider AvaTrade. It’s a user-friendly mobile trading platform with a comprehensive knowledge base and 24/7 customer support. Even if you’re not a technical person, the app’s friendly staff will answer any questions you might have. With over a dozen currencies to choose from, AvaTrade’s app is the perfect option for any trader.
The AvaTrade mobile app also offers AvaSocial, a community-based trading platform that allows you to follow other traders and chat with them to share tips and ideas. It’s compatible with MT4 and has a feature called “DupliTrade” that allows you to mimic a trade from an expert. You’ll be able to view real-time market charts, read tips and get access to technical analysis tools, all on your mobile device. The platform can be used by beginners as well as those who are more experienced traders.
Opening an Account
AvaTrade offers a 21-day demo account that includes 100,000 demo currency credits and live price feeds. You can extend your demo account time by asking the account manager. After your demo account expires, you can sign up for a real account by visiting the demo dashboard. You must verify your personal information, and they also offer live chat support. If you’d like a free demo account, you can also sign up for Sharp Trader.
AvaTrade offers three different types of accounts. The retail account is the most common for clients within the EU. This account type allows for 30x leverage and comes with a dispute settlement service. If you’re an international client, you can opt for the standard account. The standard account provides access to 400x leverage in some markets. If you’re looking for more trading flexibility, however, AvaTrade has several account types to choose from.
Once you’ve registered with AvaTrade, you must submit the necessary documents. These documents include your full name, email address, and phone number. Your broker will need this information to understand your trading requirements and determine whether you qualify for leverage. If so, they’ll send you a confirmation email. If you don’t receive a reply within 24 hours, you can contact AvaTrade’s customer service team.
Another positive feature of AvaTrade is its educational content. There are over 48 educational videos on the company’s website, covering various market topics, from how to choose the best currency pair, to how to analyze market trends. AvaTrade has an excellent video library, and you can watch its videos on YouTube and Vimeo. AvaTrade has a great selection of educational content, and its low spreads for Professional traders in the EU are very competitive.
The AvaTrade mobile app includes an extensive library of educational materials and features, including trading guides, videos, and tutorials. Those who are new to the industry can find helpful training materials for free, including an e-book on how to trade in the forex market. You can also use AvaTrade’s auto trading platform, Zulutrade, to copy trades and automate trading. These features allow you to follow expert trading strategies with minimum deposit amounts.