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As well, AvaTrade is licenced and regulated by numerous regulatory authorities all over the world. AvaTrade provides its traders with access to more than 50 forex pairs, including all the major currency pairs, minors Promissory Note and exotics. AvaTrade customers have access to several customizable trading platforms. Traders can choose between the proprietary AvaTradeGo platform and the industry-leading MetaTrader4 platform for manual trading.
So getting to AvaTrade customer support it provides 24-hour live support available through live chat, email, phone support in 15 languages. Eventually, AvaTrade offers some of the greatest quality support with fast and reliable answers and a huge range of free of charge lines all around the world. It is still an option to use at AvaTrade desktop Platform which is an industry leading software very common, very powerful, yet allows flexible trading with a full capacity of auto or robot trading. You also can switch to MT4 Variable Spreads that offering the trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or to choose the fixed spread.
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AvaTrade offers FX trading on more than 50 different currency pairs. The former category includes USD, GBP, EUR, CHF, JPY, CAD, AUD and NZD, while the later includes DKK, HUF and many more. You can also go long or short and various cryptocurrencies, or trade USD, EUR or JPY with Bitcoin, Bitcoin Gold, Dash, EOS, Ethereum, Litecoin, IOTA, NEO, Stellar and XRP. You can withdraw directly to your bank account or to an e-wallet. Withdrawals can only be sent via the payment method that you used to fund your account.
Based on these honors, there is a trend of AvaTrade receiving recognition for trading experience, reliability, forex trading, and its affiliate program, with other honors mixed in. A little to the right of the live chat button, you will also see the customer support phone number for your location, with the option to change countries immediately to the left. AvaTrade offers clients a range of educational resources to hone their skills or develop new ones. These include a section dedicated to trading for beginners, explanations of economic indicators, a forex e-book, and a range of trading video tutorials.
You can then track your open positions in one place, and it is simple to close a position. AvaTrade is a slick, polished site that works well on desktops and mobile devices. The design is intuitive, it is packed full of helpful features and the search function works well, so navigation is always simple and effective.
It does not give access to the widest range of investments. Mainly, it covers the most popular asset classes. The fibonacci sequence user can trade FX options, stocks, commodities, currencies, indices, bonds, and ETFs via CFDs on AvaTrade.
AUD is only available for Australian clients, while GBP is only available for clients from the UK. 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. However, AvaTrade is not available in the United States. Other countries AvaTrade doesn’t operate in and where trading is banned include Iran, Syria, North Korea, New Zealand, Turkey, and Sudan. Our commodity experts created two sets of guides.
Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. AvaTrade offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools.
The minimum deposit required to open an account with AvaTrade is $100 for debit or credit card deposits. Same as many other trading platforms, AvaTrade will conduct an identity verification process. This consists of requesting certain documents from you to ensure you are who you say you are. That said, the process is faster than with most brokers.
A related tool offered by AvaTrade is the listings for Earnings Releases. This is the schedule for when the most successful companies will release their next earnings information, which almost always impacts their stocks and stock CFD prices. The list can be sorted alphabetically by company or by release date, depending on your preference.
This virtual money can be used to trade Forex and get used to the way the market works. Once you gain enough experience, you can continue by opening Fibonacci Forex Trading a regular live trading account and start trading Forex with your actual funds. Risk Disclaimer – CFDs are complex, risky instruments.
The last point we have to check in this review is the support and service for traders. It is important to get reliable support for financial investments. AvaTrade offers 24-hour support in more than 15 different languages.
AvaTrade has also recently launched AvaSocial – an app which allows its users to learn and connect to expert traders from all over the globe. Users can follow, and copy trades as well as ask questions to relevant mentors and groups. A wide selection of platforms for every type of trader including MT4/MT5.
While traders can choose between a wide variety of trading platforms, many of them are built upon or integrated into the MetaTrader trading software. The user interface on all of MetaTrader’s platforms are highly intuitive, very responsive, beautifully designed and user-friendly. The platforms by AvaTrade are best in class and have won numerous awards.
In the following, we will tell you the benefits of MetaTrader 4/5 and the other platforms. My tip is to choose a variable spread account because that’s the way you come from my experience in most cases cheaper way. Spreads can only fluctuate to strong news or high volatility. In these scenarios, we advise only advanced traders to trade anyway.