{"id":227926,"date":"2019-05-30T10:36:36","date_gmt":"2019-05-30T14:36:36","guid":{"rendered":"http:\/\/insidebitcoins.com\/?page_id=227926"},"modified":"2024-06-06T08:33:04","modified_gmt":"2024-06-06T08:33:04","slug":"avatrade-review","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/forex-brokers\/avatrade-review","title":{"rendered":"AvaTrade Review: Fees, Pros and Cons and Features"},"content":{"rendered":"
Originally founded as AvaFX, AvaTrade is a forex and CFD brokers located in Dublin Ireland and has additional offices in 11 countries.<\/p>\n
AvaTrade was established in 2006 and has expanded its services since then, offering clients the basic and advanced tools in order to trade CFDs and forex online.\u00a0<\/span><\/p>\n \n <\/span><\/p>\n AvaTrade is regulated in six jurisdictions including the Central Bank of Ireland, Australian Securities & Investments Commission, British Virgin Island Services Commission, Financial Services Agency and Financial Futures Association of Japan, and South African Financial Sector Conduct Authority. <\/span><\/p>\n We have put it to the test by testing their platform, pros, cons, etc. Read our full review to find out all you need to know about this broker.<\/p>\n Founded in 2006, AvaTrade is a well-known forex and CFD broker with 200,000 registered customers globally and more than two million trades a month. The broker also states that its total trading volumes surpass $60 billion per month.<\/p>\n AvaTrade offers traders and investors to exchange contract for difference, connecting traders and investors to financial markets through online trading platforms. The broker executes all traders’ orders based on the market maker model.<\/p>\n AvaTrade is based in Dublin Ireland and operates additional offices worldwide including Italy, Japan, Spain, Australia, Mongolia, China, Nigeria, Chile, and South Africa.<\/p>\n Score: 8\/10<\/strong><\/em><\/p>\n AvaTrade offers traders a variety of 8 markets including FX options and cryptocurrencies.<\/p>\n Overall, AvaTrade offers a selection of 8 different markets and a variety of financial assets.<\/p>\n Score: 9\/10<\/strong><\/em><\/p>\n Forex brokers<\/a> compete for customers, offering a range of special features and trading tools. Compared to other brokers, AvaTrade offers unique additional features including automated trading, MetaTrader4 on Mac, and Autochartist plugin for MT4.<\/p>\n Not all traders have the skills, ability, and discipline to trade financial markets. The solution can be automated trading which allows you to create a computer program that automatically sends orders to the market. Once you find a successful algorithm, following backtesting your strategy, you can operate an automatic program that creates a constant profit for you.<\/p>\n Automated trading can be done through a specific algorithm as well as an automated order system that allows copying other trader’s orders. AvaTrade offers DupliTrade and ZuluTrade in order to copy other experienced traders.<\/p>\n A few years ago it was almost impossible to trade the MT4 on Mac. Nowadays, some CFD brokers<\/a> offer MT4 on Mac but you have to go through a long process, downloading programs, etc. AvaTrade provides traders an easy-to-use web-based MT4 platform which is available on Mac.<\/p>\n Autochartist is an automated technical analysis plugin implemented on the MetaTrader 4 trading platform that identifies trading opportunities. Take note that the Autochartists is available free of charge for clients who deposit from as little as $500 USD.<\/p>\n Overall, AvaTrade provides traders a number of unique trading features and tools that improve the forex trading<\/a> experience.<\/p>\n Score: 6\/10<\/strong><\/em><\/p>\n AvaTrade accepts traders from over 150 countries around the world with offices located in different regions and regulations in six different jurisdictions. The broker also supports their website in 22 languages and in 30 different countries. AvaTrade, however, does not accept traders from the United States, Belgium, Zimbabwe, Iran, Iraq, India, Pakistan.<\/span><\/p>\n Score: 9\/10<\/strong><\/em><\/p>\n AvaTrade supports 22 languages on its website, making the website accessible for all users around the world. Here are all the languages supported by AvaTrade:<\/p>\n AveTrade has made the effort to make the websites accessible for the user based on your VPN so you can have the broker’s website on your preferred language with the relevant information for you such as regulations, payment methods, etc.<\/p>\n Score: 7\/10<\/strong><\/em><\/p>\n One of AvaTrade’s main advantages is the wide selection of trading platforms. The broker offers the popular MT4 which is available on desktop, web, iOS, and Android, the AvaOptions web platform, the AvaTradeGo which is available as a mobile app, the DupliTrade, and ZuluTrade.<\/p>\n The main trading platform offered by AvaTrade is the MetaTrader4 and although most forex brokers in the industry like Admiral Markets<\/a> support MT4, AvaTrade provide traders additional access and features related to the MT4 trading platform. The MT4 is available on desktop, web, iOS, and Android including an MT4 web version on Mac.<\/a><\/p>\n AvaTrade also offers DupliTrade, a social\/copy trading platform compatible with MT4. The DupliTrade allows you to automatically follow experienced traders\u2019 signals and strategies.<\/p>\n The AvaOption is a desktop and mobile trading app available on Google Play offering streaming prices for more than 40 currency pairs and was designed specifically for options trading.<\/p>\n <\/a><\/p>\n For those who are interested in FX options trading, the AvaOptions offers basic and advanced trading tools to enhance your options trading.<\/p>\n <\/a><\/p>\n AvaTradeGo is the in-house trading app made by AvaTrade, offering a simple and easy-to-use trading experience. The AvaTradeGo was designed for simple trading orders and executions and can provide you features such as market trends and social\/copy trading. The trading app is available on Google Play and the App Store.<\/p>\n AvaTrade offers traders two automated trading platforms that allow you to follow and copy other experienced traders, the DupliTrade and the ZuluTrade. While the ZuluTrade is a more advanced trading platform, the DupliTrade is compatible with MT4. AvaTrade\u00a0is among of the few brokers in the industry offering social\/copy trading.<\/p>\n Score: 8\/10<\/strong><\/em><\/p>\n Inactivity fee – AvaTrade charges an inactivity fee of 50 USD\/GBP\/EUR after 3 consecutive months of non-use.<\/p>\n Administration fee – AvaTrade charges administration fee of 100 USD\/GBP\/EUR after 12 consecutive months of non-use.<\/p>\n AvaTrade does not charge any deposit and withdrawal fees, however, there is a minimum amount required in order to withdraw your funds.<\/p>\n AvaTrade offers competitive spreads compared to other brokers in the industry and allows traders to choose between fixed or variable\/floating spreads. Here are some of the spreads offered by AvaTrade on major and minor currencies.<\/p>\n <\/a><\/p>\n Take note that AvaTrade also offers a high leverage ratio compared to other forex brokers like Libertex<\/a> of 1:400 for currency pairs, 1:200 for commodities and indices, and 1:20 for cryptocurrencies.<\/p>\n Overall, AvaTrade is being transparent about its trading fees and does not charge any hidden fees besides inactivity fees. AvaTrade is a market maker which allows the broker the benefit to offer low fixed\/variable spreads and the broker mentioned their goal to further reduce spreads.<\/p>\n Score: 7\/10<\/strong><\/em><\/p>\n AvaTrade has a minimum deposit depending on the base currency of your account: $100 USD, \u20ac100 EUR, \u00a3100 GBP and $100 AUD.<\/p>\n Score: 6\/10<\/strong><\/em><\/p>\n There is misinformation from AvaTrade about their offered account types and the difference between each account. Ava Trade keeps it simple with one trading account, the Standard account that requires a minimum initial deposit of 100 USD for a real live account. The broker also offers a demonstration account and an Islamic (swap-free) account for those who comply with the Shariah principles.<\/p>\n Open a trading account with AvaTrade is a simple and quick process. Follow the next steps:<\/p>\n AvaTrade offers five trading platforms – MetaTrade4, AvaTradeGo, AvaOptions, DupliTrade and ZuluTrade. The broker provides a demo account before you risk real money.<\/p>\n The AvaTradeGo is a user-friendly mobile application available on Google Play and App Store. Once you download the app, you can register for an account an sign in with your login details.<\/p>\n The AvaTradeGo provides unique features that you should know of – The market trends that allows you to see top gainers and losers in financial markets in your chosen timeframe, and the AvaTrade community sentiment that allows you to view other traders positions.<\/p>\n MetaTrader 4 is one of the most popular and easy to use forex and CFD trading platforms. We remind you that AvaTrade provides MT4 as a desktop and web-based platform, including for those who use Mac.<\/p>\n After you download the platform or launch the web-based platform, you can see the MarketWatch (instruments quotes), trading charts and the terminal (positions, orders, account balance). Setting up MT4 is a simple process – You can organize the MarketWatch based on your preferences and open a number of trading charts with more than 80 technical indicators.<\/p>\nOn this Page:<\/h2>
<\/ul> <\/div><\/div><\/div><\/span><\/p>\n
What is AvaTrade?<\/h2>\n
AvaTrade Markets and Products<\/h2>\n
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\nAvaTrade Special Features<\/span><\/h2>\n
Automated Trading<\/h3>\n
MetaTrader 4 on Mac<\/h3>\n
Autochartist plugin for MT4<\/h3>\n
\nSupported Countries<\/h2>\n
Languages<\/h2>\n
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AvaTrade Trading Platforms<\/h2>\n
MetaTrader4<\/h3>\n
AvaOptions<\/h3>\n
AvaTradeGo<\/h3>\n
DupliTrade & ZuluTrade<\/h3>\n
Fees and Limits<\/h2>\n
Trading and Non-Trading Fees<\/h3>\n
Rollover\/Overnight fees – AvaTrade charges overnight\/rollover (swaps) fees for FX and CFDs at the end of the trading day.\u00a0<\/span><\/h3>\n
Deposit and Withdrawal fees<\/h3>\n
Spreads<\/h3>\n
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\nMinimum Deposit<\/h2>\n
Account Types<\/h2>\n
How to Sign Up and Trade on AvaTrade<\/h2>\n
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How to Configure Your AvaTrade Account<\/h2>\n
AvaTradeGo<\/h3>\n
Meta Trader 4<\/h3>\n