Summarized AvaTrade Review 2022 - Details You Should Know Before Invest

This Irish broker, which was founded in 2006, has been providing customer-focused trading services for more than two decades. Initially just supplying forex, AvaTrade extended its activities in 2013 and today has over 200,000 customers in over 150 countries.

AvaTrade offers FX and CFD trading on indices, equities, commodities, and ETFs, as well as several trading platforms to suit any level of trader. But how good is AvaTrade？ There are several reasons why investors are selecting AvaTrade in 2022, including decades of expertise, substantial regulation, and a diverse choice of trading alternatives. Continue reading to discover all there is to know about AvaTrade.

SIGN UP WITH YOUR SOCIALS FOR OFFERS AND NEW CUSTOMER EXPERIENCE

While AvaTrade is known to give a refer-a-friend incentive on occasion, British consumers are unable to take advantage of such offers due to UK limitations. Opening an account with AvaTrade is a simple process, and we did so in around 10 minutes during our Avatrade review UK. The whole procedure is digital, and you may establish an account even quicker if you join up using your Facebook or Google account. This is an increasing trend among today's brokers.

You'll just need to provide some basic information – such as your name, address, and email address – and answer some simple questions to demonstrate that you understand the fundamentals and responsibilities of trading. AvaTrade just requires a copy of a government-issued ID and either a utility bill or a bank statement to complete the KYC. During our AvaTrade review, our account was validated within 24 hours - while we waited, we could experiment with the free AvaTrade UK sample account.

IS AVATRADE RELIABLE IN TERMS OF USABILITY？

With so many various trading platforms accessible at AvaTrade, traders should have no trouble finding the most useful platform to leverage to match their unique requirements. The AvaTrade online trader and AvaTradeGO mobile trader are very user-friendly, making it simple for beginner traders to explore and execute deals. Experienced traders, on the other hand, will simply want more control, and happily, they have the option of using highly customizable MetaTrader 4 and 5 platforms.

Even inexperienced traders will soon grasp the MetaTrader platforms, and the flexibility allows them to personalize it to their own needs. Traders who want greater control and the flexibility to place more sophisticated orders will almost certainly need to utilize MetaTrader 5. The AvaTrade website is a little cluttered and not very user-friendly. Before you join up, you will need to do some hard digging to locate vital information such as fees, accessible banking methods, and any basic account information.

ACCOUNTS - SPREAD BETTING AND TRADING ACCOUNTS IN THE UK

In our analysis of AvaTrade, we discovered many account kinds that catered to a variety of trading types. A corporate account is accessible for legal businesses, and an options account is offered just for trading in FX options. Most customers will just need to pick between the Standard Account and the Professional Account. Residents of the United Kingdom and Ireland may also establish a Spread Betting Account.

The major difference between a professional account and a standard account is the greater allowable leverage, and traders must have relevant industry expertise, 12 months of appropriate trading activity, and a portfolio worth at least €500,000. Of course, all traders may take advantage of a free AvaTrade sample account.

The regular account is free to create, and you just need a deposit of $/£/€ 100 to get started - however you may utilize the AvaTrade sample account before making a deposit. Islamic traders may create a Swap-Free account, which ensures that they do not receive rollover points for overnight transactions or interest on money put in their account. With the Spread Betting Account, the UK and Irish customers may invest in over 200 assets with fixed spreads, including FX, indices, equities, commodities, and ETFs, and earnings are protected from both Stamp Duty and Capital Gains Tax.

TRADING PLATFORMS – ON WHICH CAN I TRADE？

You'll be hard-pressed to find any broker that provides as many trading platforms as AvaTrade. This broker provides six alternative trading platforms by combining third-party and in-house technologies. AvaTrade's research showed four separate platforms built by AvaTrade: a web trader, a mobile trader, AvaOptions for CFD options trading, and AvaSocial for copy trading.

Our AvaTrade study also revealed that investors may easily utilize MetaTrader 4 and 5 on both PC and Mac. It is important to remember that to take advantage of the entire variety of investing options available at AvaTrade, consumers must utilize MetaTrader 5 since the other platforms have limits.

The AvaTrade online trader is straightforward to use for novices, with just three order types - Market, Limit, and Stop. MetaTrader 4 and 5 both provide significant customization and powerful charting features.

The mobile trader, AvaTradeGO, has the same capabilities as the online trader, and users may also utilize the MT4 mobile app with AvaTrade. For PC users, MetaTrader 4, 5, or AvaOptions are available, while Mac users may utilize the MetaTrader 4 Mac platform.

TRADING PAYMENTS - HOW TO FUND A TRADING ACCOUNT

Deposits and withdrawals were offered in a variety of currencies, including AUD, EUR, GBP, and USD, according to our Avatrade review UK. GBP payments are only available to British customers. Immediately, our investigation of AvaTrade revealed no deposit fees and a diverse range of payment alternatives, including:

• Bank Transfers

• NETELLER Debit

• Credit Cards

• Skrill

• Klarna

• Webmoney

Much financial information was missing from the AvaTrade website at the time of publication. Fortunately, a live chat worker was able to fill in the gaps. The minimum deposit is £/$/€ 100, and deposits are somewhat slower than with practically any other broker. A credit card deposit takes around 4-5 hours to settle into your trading account, while most brokers are quick. Bank transfers might take between 2 and 5 business days.

Fortunately, there are no costs for withdrawals. During our Avatrade review UK, we established that the same deposit methods may be utilized to make free withdrawals. Credit/debit card withdrawals are subject to a maximum limit of 200 percent of the amount deposited over an unspecified period. We anticipate that many merchants will choose a bank transfer.

Again, the speeds aren't great. During our Avatrade trading review, a debit card withdrawal took three working days.

IS AVATRADE LEGAL IN TERMS OF FEES？

Our AvaTrade review revealed a somewhat low-cost CFD trader and an average charge FX broker, but the price structure wasn't totally clear, and it required some digging to identify the costs before signing up. AvaTrade has no account administration fees, and deposits and withdrawals are likewise free. The inactivity charge, on the other hand, is rather high, at $50 each quarter after just three months of inactivity. In addition, if you are inactive for 12 months in a row, you will be charged a $100 administrative fee.

AvaTrade is a commission-free broker whose costs are included in the spreads. In comparison to the industry average, these spreads are extremely modest. During peak trading hours, for example, an S& P500 CFD has an average spread cost of 0.5 points, whereas Europe 50 CFDs have a spread cost of roughly 2 points. Forex costs are somewhat higher, with an average cost of roughly 0.9 pips during peak hours.

What is the cost of these fees？ So, throughout our AvaTrade review, we held a £1,500 S& P 500 position for one week and the total costs were slightly under £1. However, identical currency trades we had throughout our AvaTrade review resulted in costs of roughly £10.

IS AVATRADE AVAILABLE FOR CUSTOMER SERVICE？

Customer service is one of the most crucial factors a trader should consider before joining up with an online broker. Things might go wrong from time to time, and you don't want your broker to be inaccessible in the case of a catastrophic financial disaster. You'll want many support channels and as close to 24-hour assistance as feasible.

During our AvaTrade assessment, we validated 24/5 customer support through four channels:

• Phone

• Email

• Live

• Chat

To begin, practically every nation in which AvaTrade provides services has a dedicated phone line, including the United Kingdom, most of Europe, Australia, Japan, South Africa, Nigeria, China, and many more. Customer support is available 24 hours a day, seven days a week, beginning on Sunday at 9:00 p.m. GMT and ending on Friday at 21:00 GMT — 24/5 service.

Traders may contact the support department by filling out a simple online form, which does not enable you to attach any documents or images. However, answers are delivered by email, where additional attachments may be sent. UK people, for the first time, have access to aid through WhatsApp, which functions as a type of chat assistance via messaging exclusively. Finally, the AvaTrade website has a Live Chat tool that includes both chatbot capability and the opportunity to contact a live representative.

We examined the phone assistance, email, and live chat services throughout our evaluation. Live Chat was quite helpful, and we were able to contact an agent almost immediately. To help with this AvaTrade review, the live chat representative was able to clarify the broker's cost structure. From the three or four calls we made, phone assistance was also responsive. Email assistance is rather swift, with response times of a couple of hours and most replies being on point.

IS AVATRADE SAFE IN TERMS OF REGULATION AND DEPOSIT INSURANCE？

Is AvaTrade secure？ This is a crucial subject to which every trader should seek a satisfactory response before beginning trading. Remember that you will be giving over your hard-earned money, and you should always be certain that the broker you choose is reputable. With that stated, is AvaTrade a legitimate company？

Fortunately, our AvaTrade study shows that multiple big, top-tier authorities are safeguarding traders' safety while dealing with this popular CFD broker. Around the world, AvaTrade is overseen by seven regulators:

• Financial Services Commission of the British Virgin Islands (B.V.I)

• Central Bank of Ireland

• Financial Services Agency of Japan (FSA)

• Financial Futures Association of Japan (FFAJ)

• Financial Sector Conduct Authority (FSCA)

• Australian Securities Investments Commission (ASIC)

• Financial Services Regulatory Authority of Abu Dhabi Global Market Authorities (ADGM-FSRA)

It's fantastic to see such comprehensive regulation. The Central Bank of Ireland provides up to €20,000 in investor protection to EU customers. However, since the United Kingdom has left the European Union, British customers will be subject to B.V.I laws, and no protection will be provided. Negative balance protection is provided to all customers, including those in the United Kingdom. Finally, AvaTrade has a long trading history going back to 2006, indicating that the broker has survived various financial crises. Finally, AvaTrade is a trustworthy and ethical broker.

FEATURES ADDED – COPY TRADING AND EDUCATIONAL TOOLS

Novice investors will appreciate the extensive collection of instructive eBooks and videos we discovered throughout our Avatrade review UK. Traders may learn anything from trading fundamentals to complex technical analysis methods.

AvaTrade provides multiple Copy Trading platforms for customers who want to follow investors with established track records, ranging from one-click Automated Copy Trading to Manual Copy Trading, which provides significantly more control.

TRADING OFFER

Traders may invest in over 50 currency pairs, including major, minor, and exotic pairings with a variety of base currencies, including GBP.

COSTS OF TRADING

AvaTrade charges no commissions or account administration fees, and there are no extra expenses when employing leverage. AvaTrade also offers completely free deposits and withdrawals. Fees are included in the spreads, with the average cost hovering around 0.9 pips during busy hours.

MARKET CONDITIONS

Investors may trade forex with as little as a 0.01 lot investment with AvaTrade. AvaTrade provides FX margin trading with a maximum leverage of 30:1. Trading hours are 24 hours a day, seven days a week, beginning at 9:00 p.m. GMT on Sundays and ending at 9:00 p.m. GMT on Fridays.

SUMMARY OF THE PRODUCT

AvaTrade is an excellent forex trader for beginners since it offers over 50 currency pairs that may be traded with no fee and low to average spreads. Especially with low deposits, no account administration fees, and a 0.01 investment minimum.

AVATRADE FAQS REVIEW

How many currency pairs are there in the forex market？

With so many nations throughout the globe, there are a plethora of currencies that may be exchanged in pairs for profit. A large number of them are available for trading at AvaTrade, with the complete selection shown in our AvaTrade review above.

Is AvaTrade a secure place to put your money？

Nothing is more crucial than maintaining the security of your cash while trading online, and various elements may decide if a broker is safe and secure. Many of these criteria can be found at AvaTrade, and they are well discussed in our study.

Where can I get more information on online brokers？

While there is a wealth of information available on online brokers, cryptocurrency exchanges, and financial institutions, Strafe.com has the greatest broker ratings. There are several broker information available, such as this AvaTrade review.

IS AVATRADE A GOOD？

AvaTrade is a Forex and CFD trading platform that is licensed by various top-tier financial regulators and has been in operation for over 20 years. Traders may invest in indices and ETFs, as well as commodities and stocks from across the globe. With no fees and minimal spreads, even inexperienced traders may begin trading with AvaTrade in 2022.

There are no account administration fees, and deposits and withdrawals are free, so traders don't have to worry about any hidden expenses while trading with this Irish broker. Again, with a modest deposit minimum, even inexperienced traders may have real trading experience. However, such cheap costs are roughly typical in the forex trading business, and some investors may find the majority of trading platforms to be limiting and grow dependent on MT5. Finally, AvaTrade is a securities broker with platforms that are ideal for newbie investors.