AvaTrade ECN is a digital platform that allows investors – as well as brokerages – from different global areas to trade without any necessity for third-party involvement. Read on to learn about the service’s registration, fees, platforms, and more in our AvaTrade forex review.
Pros and Cons of AvaTrade
We’re going to start off this AvaTrade broker review with what we like (and don’t like) about the service.
+ The broker is highly reputable in the trading industry
+ AvaTrade registration is simple, and you can even choose to open a demo account
+ Deposits and withdrawals are free of charge
+ AvaTrade margin calculator helps you determine potential losses and profits before you execute a trade
|– Platform charges an “inactivity fee” of $50 for every three months that an account has no activity|
AvaTrade users choose this platform because of its features:
- Ability of multi-asset trading.
- Unified login for several trading platforms.
- Analytic abilities — AvaTrade platform is known for offering a wide range of powerful analytical tools. Users can watch indicators on multiple, flexible, and interactive charts.
- Accessibility and mobility: available on PC, iOS, or Android devices, and via web version.
- Tools for automated trading.
- Multi-language accessibility.
- Suitable both for experienced traders and novices with its “Virtual Portfolio.
|Trading Instruments||With AvaTrade , CFD, Forex, stocks, Indices, FXoptions, ETFs, cryptocurrency, and bonds are all tradable instruments.|
|Spreads||Each instrument has its own associated spread, which can be seen in Financial instruments section.|
AvaTrade Bitcoin leverage is 20:1.
Forex leverage can be up to 400:1 (but it varies based on your country)
|Trading Platforms||WebTrader, MT4, MT5, AvaTrade GO, AvaOptions|
|Regulation||AvaTrade is available for residents of Australia, Japan, South Africa, UAE, the EU, and the British Virgin Islands.|
|Demo Account||Yes, a free demo account is available.|
|Islamic Account||Yes, an AvaTrade Islamic account is available, which complies with Sharia Law’s Riba principles.|
|Deposit Compensation Scheme||AvaTrade offers negative deposit protection – this means that you cannot lose a greater amount than you deposit.|
Bonuses and Promotions
New AvaTrade users are eligible to receive a hefty bonus, the size of which depends on how large your first deposit is. To read more on the AvaTrade bonus terms for new accounts, head New Accounts Promotion page. You can also use AvaTrade ’s handy calculator to figure out exactly how much your new user bonus is. Let’s say, for instance, that you make a deposit of $2,000. With $2,000, you get $400 – with $3,000: $600, and so on.
|Deposit Option||Bank wire transfer, e-wallets, credit cards|
|Fee||AvaTrade fees for deposits are not applicable. Fees are taken in the form of fixed spreads.|
|Processing Time||Each option has its own deposit time, but e-wallets (Skrill, Neteller, Trastra, etc.) can take as short as 24 hours.|
|Withdrawal Option||Bank wire transfer, e-wallets, credit cards|
|Fee||As with the deposit section, withdrawal fees are not applicable.|
|Processing Time||1-2 working days|
|Withdrawal Requirements||You must have a verified, confirmed account. You must also have met promotion volume requirements and have enough usable margin in your AvaTrade account.|
Out of all the platforms available at AvaTrade, MT5 is the most advanced – however, there are several other platforms available to use. Read on to find out which AvaTrade platform to download, based on your needs.
|MT4||Professional fund managers + retail traders||– basic graphic analysis tools|
– 3 kinds of order executions
– the ability to program a trading robot of your own
– fifty technical analysis indicators
|MT5||Comprehensive price analysis||– 4 kinds of order execution|
– 6 kinds of pending orders
– a multi-currency experimenter
– greater market depth.
|WebTrader||Beginners||– offers all the same trading account types as MT4|
– one-click trading
– monitor quotes online without delay
– see the positions that you opened in MT4
|AvaTrade GO||Trading on-the-go||– use iOS or Android device|
– connect to international trading markets
– view social trends and live feeds
– the AvaProtect technology reduces your risk of losing a position
|AvaOptions||Visual-oriented traders||– quick-loading custom market watches|
– visualization of volatility
– 40+ forex currency pairs
Best Payment Solutions for AvaTrade Users
The best payment solutions for AvaTrade users are the ones that deposit and withdraw money quickly. Since AvaTrade does not charge deposit and withdrawal fees, speed, and security are really the only factors to consider. We strongly recommend using e-wallet services, such as Skrill, Neteller, and Trastra.
Why? Well, when you use any of these options to deposit your funds, the results can be as quick as 24 hours. Conversely, if you deposit via wire transfer, it could take up to seven working days! Of course, using a credit or debit card would be even faster than an e-wallet, but it wouldn’t be as secure. To avoid any possible data breaches, it is best to work through a third party e-wallet.
Another great reason for using these services is that we can provide you with the best possible sign-up conditions.
Neteller: Speedy verification, immediate Bronze PRO VIP status, complimentary prepaid card, and easier access to VIP Silver level
Trastra: No charge for card purchases, free crypto2crypto transfers, available cards with no bank account, ability to convert crypto into fiat money, 300 EUR daily ATM limit, 2.25 EUR ATM withdrawal charge, and free Trastra VISA card
What is the minimum deposit/withdrawal on AvaTrade?
The minimum amount you must deposit on AvaTrade for starting an account is 100 EUR – or 100 units of another currency. This minimum amount also applies to future deposits. For withdrawals, AvaTrade does not have a minimum amount – however, you may only withdraw up to two hundred percent of your deposit.
Are there any deposit/withdrawal fees?
There are no AvaTrade signup fees, penalties for closing accounts, or for depositing and withdrawing funds. The only commission is via AvaTrade ’s fixed spreads – this is a set charge per trade.
How do you contact AvaTrade customer support?
AvaTrade has excellent customer support options; you can send them an email or contact them via an international phone number. There are nearly 40 phone numbers available, so you are pretty much guaranteed to link up with a support member in your time zone.