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One way to understand whether a Broker is trustworthy is through the State Regulation and the Security measures to which the company that owns the platform is subject. If a broker is supervised by a government entity considered Top Tier, this is an indicator to know if it is safe to deposit funds and operate with the platform. I have made withdrawal request several time with my different account and wallet and its been canceled every time, that my card data is wrong. And after trading on it for over a year, I think it is the best broker for forex and CFD trading. There are the fees charged by AvaTrade when you make a trade – which aren’t exactly fees, but rather spreads. But, of course, there are many questions that need answers before you can determine whether AvaTrade is a good option for you.
AvaTrade wants traders to succeed which you can clearly see on the service for traders. AvaTrade requires some additional information about the customers, but this depends on the regulator. For example, traders who want to trade under European regulation have to upload an ID/Passport and a utility bill to confirm their identity. From my experience, AvaTrade verifies the account in less than 24 hours. In order to withdraw funds from an AVATrade account, clients must first complete the KYC process, which requires the verification of identity and account information.
Deposits and Withdrawals
This virtual cash may be used by traders to try out different types of trading strategies and styles to determine which one works the best for them. Your customer service experience with AvaTrade has to be positive for you to effectively trade the financial markets on the AvaTrade platform. AvaTrade should answer all of your questions and your AvaTrade platform issues are solved. When an AvaTrade customer has any queries regarding AvaTrade, the AvaTrade customer support team should take these issues seriously and offer a quick and effective solution. AvaTrade has a great client support team, so we have rated their customer service highly.
You can trade most ETF and individual stock CFDs only on the MT 5 platform. There are daily webinars for the actual market situations and professional analysis with good trading ideas. Furthermore, AvaTrade https://traderoom.info/computer-programmers-at-my-next-move/ got professionally educated employees who can help you to understand and trade the financial markets successfully. That means you can connect your trading account with other traders and copy them.
What are the funding methods for AvaTrade?
What we also like is AvaTrade high-tech access to an expanded range of instruments and multiple platforms either for manual, algorithmic, or social trading. AvaTradeGo mobile app features include normal trading, news, charting tools and watchlists. AvaTradeGo also supports risk management features like stop loss, limit orders, and AvaTrades own AvaProtect. AvaProtect offers up to one million dollars of trading loss protection on losing trades over a set time frame.
- Besides, the trading platform the customer selects may also impact the available trading instruments.
- I use them myself and have always been happy with everything from funding my account, customer support to an enjoyable trading experience with any hassle.
- If you’d like to learn more about investing in stocks or what short selling is, we have articles about these topics too.
- Overall, AvaTrade allows traders more flexibility and visibly higher quality.
Trade expiration dates can be set overnight to one year at any strike price. Avatrade trading accounts can also link to Duplitrade to allow the viewing and copying of more experienced traders. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. AvaTrade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing AvaTrade terms and conditions to understand the commission fees and any other charges that may apply is essential.
Mobile Trading Platform
We also learned that the broker is considered a leading global Forex broker offering a wide range of trading platforms and trading instruments. Generally, AvaTrade is an STP and OTC broker that also uses high technology for order executions. I.e., quotes received from the interbank and connected to the market itself.
If you just want to trade forex and are not too fussed about complex market analysis, then MT4 should be more than adequate. However, those of you who want to trade stocks and have as many professional tools at your disposal as possible, you may prefer the more advanced MT5 platform. The broker provides you with a wide range of free educational materials, trading tools and copy trading platforms via DupliTrade and ZuluTrade.
What Type of Broker is AvaTrade?
AvaTrade explains its products and services well, and I think most will never require assistance. In case the need arises, AvaTrade ensures easy access to customer support. Traders must consider if the product and services portfolio at AvaTrade warrants higher trading costs, which remains an individual decision.
Let’s take an overall look at how AvaTrade compares to its peers when it comes to platforms, fees, account opening and education tools. The overpriced trading environment and sub-standard trading platform diminish the appeal of eToro. Deposit options include bank wire transfer, credit/debit card, Neteller, Skrill, WebMoney, and others.