AvaTrade web trading review - Table of contents
Forex trading on the next level is what every web trader will find at AvaTrade. Also, if traders want to benefit from advanced economic indicators, automated online forex trading, and innovative features, this broker is the best choice.
AvaTrade is a leading and trusted international broker with a very good reputation. The company was founded in 2006 and has several offices around the world which makes it one of the biggest and oldest brokerages. AvaTrade accepts traders from a huge range of countries and works with accounts in a wide range of currencies.
The broker recently partnered with English League Champions from Manchester to gain even more brand visibility.
The broker offers a lot of different services from online forex trading to cryptocurrency options and all this is available on one of the user-friendly web trading platforms accessible from anywhere in the world. With this online broker, any web trader can have the freedom to buy and sell crypto and foreign currencies, bonds, indices, commodities, and more. AvaTrade also welcomes web traders in an optimized platform that gives all the features and functionality in a browser to never miss a market opportunity.
What is Web Trading
Let’s begin this review with a clarification about web trading. What is essentially web trading? It means the online trading activity happening on a specialized forex web trading platform. The trading environment is usually provided by the online broker to the traders and gives them access to the financial markets.
The web trading platform can be accessed through the web or mobile, or both.
Web Trading Platform
Looking for a reliable forex web trading platform? This broker offers an impressive number of trading platforms to select from. There is an online trading platform for everyone from beginners to veterans. Traders can choose between MT4, 5, Meta Trader for Mac, mobile, and a web trading platform as well as the AvaTradeAct proprietary online trading platform.
But that’s not all. In addition to these solutions, AvaTrade offers not only a forex web trading platform and various automated solutions to meet every trader's needs for example Mirror Trader, Robot X, Duplitrade, and more.
Traders can also enjoy AVASocial which is a social trading platform. Users can join the community, interact, ask questions or seek an online trading mentor. This is an excellent environment for beginner traders.
Markets and Products
Traders can choose from a massive variety of assets with this brokerage, which makes it a great option for everyone from beginners to pros.
Investors are able to trade:
- Foreign currency Trading – 50+ currency pairs 24/7 trade;
- Cryptocurrency – 9 different cryptocurrency trading options among which Bitcoin and Ethereum;
- Indices, Bonds, Stocks, Commodities and ETFs – Trading at very competitive conditions;
- Options – Options for traders of all levels of experience.
Spreads and Fees
This broker has competitive spreads and on top of that, they are constantly reducing them even more. The biggest improvements so far are made for the crypto market. Just recently the spreads dropped by 50% and after that, they were trimmer by even more.
As it seems the company is getting braver with its spreads for example Forex is trading at 0.8 pips.
AvaTrade offers very competitive conditions for trading. Foreign currency trading gets leverage up to 400:1. The one for cryptocurrencies is 20:1. When it comes to stocks, bonds, indices, commodities, and ETFs clients take advantage of the highest leverage and low spreads.
AvaTrade offers two account types to choose from - a standard and a demo account. Traders can go for a standard account and fund it with $100 from a credit card or using a wire transfer of $500.
There is also a Swap-free account for Muslim traders. The needs of the professional traders are met with a MAM account which is designed to easily manage several client accounts. These pro accounts include some special features such as multiple allocation parameters and more.
Deposits and Withdrawals
With this broker, traders can choose from a variety of deposit options. They can fund their forex account using a bank card, Skrill, Neteller, PayPal, or WebMoney as well as standard wire transfers.
The Minimum deposit with AvaTrade accounts is $100.
The same methods available for deposits can be used for withdrawals. The fastest method is the AVA Debit Mastercard, available upon sign up for any of the accounts.
One way to enjoy a risk-free trading experience is by opening a demo forex account. It is easy and takes just a couple of minutes.
Demo account users can choose between three online trading platforms with WebTrader being a very good fit for beginners. In this account, traders will get all the benefits and setup they could expect from using a real account.
Some of the advantages of a demo account are fast learning, the opportunity to test and gather information without any risk.
Deals and Promotions
The bonuses depend on the location and may vary. For example, in some countries, there is no forex bonus but in others, there is, so for the most accurate information, please visit the trading website. Traders looking for a good forex bonus will have to get additional information.
This type of trading with AvaTrade has numerous advantages. Since no wallet is required traders can select from a wide variety of cryptocurrencies to trade directly through the platform.
Moreover, there are no hidden fees and commissions; however, there is a round-the-clock service as well as a pretty generous leverage of 2:1 for EU traders and 25:1 for all the rest. Crypto trading can be risky, traders have the opportunity to use stop loss or profit orders to limit their risk.
Another great plus is the fact that users diversify their portfolios by trading various crypto combinations. Last but not least, they enjoy uncompromised safety while trading.
AvaTrade offers clients a downloadable copy trading platform called AVASocial. It is available on Android and iOS. With this app, clients can replicate the strategies and trades of successful investors. It allows manual or fully automated trading. There is 24/7 trade for stocks, crypto, commodities as well as forex trading.
The educational center that AvaTrade offers is exceptional. It has very rich resources such as eBooks, video tutorials, glossaries, and more. There is a separate section on the site dedicated to trader education.
There is also free coaching for traders promoted through the partnership with Manchester Football Club.
Regulation and Licensing
Choosing a licensed and reputable forex broker is crucial. The regulated status is ensuring the company’s reliability and competence. AvaTrade is regulated by authorities from around the world such as the Central Bank of Ireland or the Japanese authorities.
The company is one of the leaders in the industry, especially when it comes to reliability and reputation. Also, it is a holder of numerous awards for customer service, best forex broker, and more.
Every web trader in need of assistance will find excellent service. The support team is multilingual and can be reached on email, live chat, social media, or phone. Support is offered in 21 different countries worldwide.
The support is informative and fast and most customer support representatives are local.