AvaTrade claims to host a global community of over 70000 traders. The brokerage has over 1000 instruments on their portfolio and does not restrict short selling or scalping on any of these.
For beginner traders, a detailed education section covers trading videos, rules, technical analysis, economic indicators, market terms, and order types.
Multiple account options are available for traders, including Islamic and standard. The supported trading software can be used to analyze the markets and place/manage your trading orders. The company promotes its page through Usain Bolt, a brand ambassador for AvaTrade Australia.
Some Points to Note
- Ava trade supports instruments including stocks, forex, cryptocurrencies, and indices
- The company offers customer support in 15 different languages. The chat may take some time to respond to inquiries
- Multiple trading software is available for both desktop and mobile. Traders can choose to trade through the brokers own trading application
- A detailed education section is available for learning. It is mostly catered towards beginner traders
- The company does not disclose its trading spreads on the website. The only way to understand the costs is to download the platform and register an account
Regulation
Regulation is one of the key characteristics of any broker as it ensures financial safety for customers. Regulated brokerages hold true to offer the best when it comes to trading conditions and do not double-cross traders by using cheap techniques such as stop hunting. AvaTrade comes under the regulation of the following authorities.
- British Virgin Islands: Financial Services Commission (FSC)
- Ireland: Central Bank of Ireland
- Australia: Australian Securities and Investment Commission (ASIC)
- Japan: Financial Services Agency (FSA) and The Financial Futures Association of Japan
- Dubai: The Abu Dhabi Global Market Authorities Financial Regulatory Authority (FSRA)
Trading Instruments
AvaTrade includes CFD trading on ETFs, cryptocurrencies, commodities, indices, stocks, forex, bonds, and treasuries. Traders can enter the asset they wish to trade on the search section at the website and witness the quotes with the percentage change for the day.
Platforms
AvaTrade has support for a range of different platforms for trading. It includes the industry standard Metatrader 4 and 5. Automated trading is supported with the help of Zulutrade and Duplitrade applications.
The company also has its own software, including AvaTrade GO and Ava Options. The platform supports opening and closing orders along with charting features for analysis.
Education for Retail Traders
The broker hosts educational material to help beginners with learning. Investors can witness ebooks videos and learn different strategies to help avoid losses in the initial stages of their trading.
Deposit and Withdrawal
Credit cards, wire transfers, and e-payments are some of the funding methods available at the broker. The minimum amount to have in the account starts from $100. The process is simple, requiring traders to log in their portfolios and head to the deposit section.
The withdrawal process takes 24-48 hours and requires traders to verify their credentials due to the regulatory standards.
Support
AvaTrade offers 24 hours live customer service in 15 different languages. Traders can ask all the necessary questions. Depending on the load it may take some time for you to get connected with the representatives.
Algorithms and Copy trading
AvaTrade supports algorithms through the Metatrader platform and provides copy trading services via Zulutrade, Avasocial, and Duplitrade. There is no prior experience required for copy trading.
Traders can witness the portfolio of different traders online and choose to follow the investor of their choice. While looking for the best portfolio, it is important to observe that the provider has a reasonable rate of return with an average drawdown. A poor selection can lead to bad results which may include having margin call on the account.
