Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Investors who seek a wide variety of forex, CFD, and cryptocurrency offerings may find what they’re looking for with Avatrade. AvaTrade produces daily in-house research content in video and article format, and grants access to Trading Central research modules. While AvaTrade has made improvements in this category, its research offering can’t stack up against what the best forex brokers offer. RoboForex has implemented a Civil Liability insurance program for a limit of 2,500,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
Trade Experience
Headquartered in Dublin, Ireland, AvaTrade has satellite offices throughout Europe and the Asia-Pacific region. But like many forex brokers, AvaTrade does not accept U.S. traders. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. The range of markets available at AvaTrade will depend on which trading platform you choose, and which of the brand’s global entities holds your account. AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
Forex Risk Disclaimer
AvaTrade states that accounts across all jurisdictions do have negative balance protection and it also offers AvaProtect, which allows clients to take out insurance on a trade. AvaTrade, a forex and contracts for differences (CFDs) broker, has expanded its offerings with the launch of a dedicated futures trading platform, AvaFuture. Launched yesterday (Tuesday), the new platform offers micro, mini, and standard futures contracts. Trading courses and other educational materials are offered through Sharp Trader. Well-organized tutorials are segmented into beginner, intermediate, and advanced topics, offering logical paths to skill building. A broad variety of general articles covers all sorts of market topics, as well as tutorials on trading platforms.
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
- The fact that AvaTrade isn’t regulated by the FCA is a source of concern, but the company toes the line when it comes to protecting its clients, including offering negative balance protection.
- AvaTrade is for the novice investor who seeks to gain a basic understanding of forex and CFD trading.
- In 2021, Plus500, a London-listed FX and CFDs broker, acquired Cunningham Commodities and Cunningham Trading Systems, two US-based firms, and has launched futures trading for its clients in the US.
- It’s not subject to ESMA-mandated client account protection and leverage restrictions.
Special Features
Interestingly, an earlier survey by Acuiti revealed that over 50 percent of European retail brokers would look to offer futures and options instead of retail over-the-counter instruments, such as CFDs. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Metatrader and AvaOptions web versions provide integration with desktop platforms.
Commissions and fees
But it still offers a broad variety of platforms to cater to manual and automated traders. The minimum deposit at AvaTrade is generally 100 units of currency, https://traderoom.info/ depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card.
Choose from Alpari Mobile, our easy, yet powerful mobile app, or MetaTrader 4 or 5, the world’s most popular feature-rich platform with advanced charting and analysis. As seen on its website, AvaFuture provides futures contracts across a range of asset classes, including indices, commodities, currencies, treasuries, cryptocurrencies, and metals. It further highlighted that it is pricing the contracts at $1.75 per standard per trade. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.
The broker maintains international offices, allowing customers local contact when necessary. It provides an international phone number as well as a laundry list of local phone numbers covering its numerous jurisdictions and EU member states. 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.
Withdrawal processing can be unusually slow, requiring as long as 10 business days to receive wire transfers. It charges a $50 fee after three months of account inactivity and a $100 administration fee after one year of inactivity. No withdrawal or closure fees are listed in the marketing materials, but the legal documents noted fees for bank transfers and credit card transactions. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.
Yes, your money is as safe with AvaTrade as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds. AvaTrade is trusted by over 400,000 customers with millions of dollars in deposits. There is always counterparty risk, which is why you should only choose brokers that are well-capitalized, in addition to being highly regulated. When our clients deposit into their trading accounts, the commission is always 0%. Choose the payment system that suits your convenience, not just cost effectiveness.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective avatrade broker experience covering the forex industry. AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill. There are no limits for brokerage company RoboForex when it comes to providing outstanding benefits to clients.