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Is AvaTrade a Broker You Can Trust? We Review Everything About Them

The broker website also supports a detailed FAQ section which addresses many of the most common questions you may have at any time. AvaTrade offers a robust customer support system, blending conventional and modern channels to ensure it addresses traders’ queries and challenges promptly and effectively. It anchors its support around traditional https://traderoom.info/ mediums – telephone and email. Additionally, it has a live chat feature to provide customers with swift resolutions and personalized assistance. Deposits can be canceled by contacting AvaTrade’s support team on business days (excl. Saturdays and Sundays). If deposits do not arrive in traders’ accounts, they can also contact the support team.

AvaTrade Customer Support

The “trading platforms” section are articles arranged in the same format and gives an overview of MT4 as well as their web trader and mobile trading platform. These are in video format, but it should be noted that this section is just a general overview of the platforms available. Topics that cover MetaTrader, for example, have entire courses dedicated to it. You then get their proprietary web terminal, similar to other brokers such as Capital.com and eToro.

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  1. This can reduce further if you open a professional trading account which the broker does offer.
  2. AvaTrade has several learning resources that you can use to build a diversified portfolio that gives you a worthwhile return while keeping risks at manageable levels.
  3. There is no outline or conditions of the instruments that this broker offers.
  4. You will not be disappointed if you are looking for a mobile app that is technically a web terminal because this platform is almost the same.
  5. Clients can open an account with AvaTrade in a few minutes through an online registration process.
  6. Prices are displayed next to their ticker symbols along with buy and sell buttons.

AvaTrade limits trading to CFDs (derivatives), excluding direct purchase options for ETFs or investment funds. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com.

Is AvaTrade A Good Trading Platform? In-Depth Analysis Of AvaTrade

Unlike many other trading platforms, this one is explicitly geared toward beginners. There’s no complicated jargon to navigate, and the platform is simple to understand. It’s also web-based so you can access it from anywhere with an internet connection, and the mobile app is just as intuitive. Plus, with an array of user-friendly tools and features, you’ll be up and running quickly. Don’t let the prospect of trading overwhelm you – AvaTrade makes it easy.

How To Open An Account

Minimum withdrawal limits vary but are low, starting at $1 for e-wallets and $100 for bank wire transfers. As you can see from my analysis below, AvaTrade’s choice of payment methods also exceeds that of competitors, even if its choice of account currencies trails some alternatives. Select one or more of these brokers to compare against AvaTrade. Read our full explanation and accounting of our research and testing process to learn more about how we test. The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity.

The broker achieves high-level security by adhering to stringent regulatory standards and employing robust measures for fraud prevention and funds’ security. 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. The AvaOptions mobile app includes an integrated strategy guide and 40+ currency pairs. As per the web trader registration, traders are asked to fill in a set of personal and experience-related details. Demo account traders are not required to complete the verification process. When it comes to mobile trading, AvaTrade caters to traders of all levels with AvaTradeGo.

The most crucial factor to consider when looking for a broker is whether its regulated or not. AvaTrade has several learning resources that you can use to build a diversified portfolio that gives you a worthwhile return while keeping risks at manageable levels. For instance, if you want to trade Bitcoin on AvaTrade, you only need to search for it on the website, and it will appear with the option to buy. As for the commissions, the AvaTrade standard account starts at 0.9 pips.

However, it does offer an economic calendar, which can be valuable in anticipating major economic and financial events. If you register or buy a course using our links, we may receive a commission. We don’t offer investment advice, our content is purely educational. I launched my own website in 2016, focusing on personal finance, which has been live since 2018.

AvaTrade also scores well when it comes to withdrawals, with near-instant processing for credit/debit cards and up to 24 hours for e-wallets. I would avoid wire transfers is avatrade trustworthy if you want your funds quickly – I found they can take several working days. You can also see how AvaTrade’s regulatory credentials stack up against other brokers below.

As with most other mobile trading apps, this one has one-tap trading, watchlists, trends, and so on. It is very similar to the web terminal, and you could say they are the same, just that it was ported to mobile. The app is available on both Android and iOS, while MetaTrader is available on Windows, Mac, and Android. AvaTrade has MetaTrader 4 and 5 Available for clients in terms of trading software. We have covered MT4 and MT5 extensively throughout our reviews and other articles on this site, so we will not be going over these. Lastly, another great way to see if a broker’s features and services hold up to scrutiny is to see if they have won any awards.