The webs most detailed Avatrade review: This CFD broker is regulated in 5 different continents of the world and is one of the most respected names in the industry. We sent our expert to dig deeper to see under the surface and find out why so many traders are attracted to trade here. Is it the global regulation or is it simply an awesome trading platform? Keep reading to find out.
• Regulated in 5 different continents of the world
• Great trading technology
• Used by beginners and professionals
• Few accepted currencies
• Not available in the USA
• Few cryptocurrencies available
In this section of our Avatrade review we highlight 6 special features that deserves extra attention.
Avatrade was founded back in 2006 which makes it a veteran trading platform and it is recognized all over the world as one of the best forex brokers. It is based in Ireland and is registered at this address: Five Lamps Place, 77-80 Amiens Street, Dublin.
So far, Avatrade is regulated in 5 continents in the world and keeps growing. This is a good sign of credibility for a CFD broker. They have offices all over the world and are offering customer support in over 20 languages. The live chat is very good considering the amount requests they have every day.
Why use Avatrade
Avatrade is for both novice and advanced retail traders who are looking for a trustworthy platform with a lot of functionality. An app is available where you can trade all the different products on the go and it is very well designed.
Beginners might find the platform a little bit difficult in the beginner but it’s quite easy to navigate once you get going. If you are looking for a globally regulated broker with a lot of different instruments and features, then Avatrade is a good choice for you.
Trading on Avatrade
When it comes to the actual trade functionality of this broker it stands out in many ways. You can choose between standard forex, options, stocks, commodities, indices, cryptocurrencies, and also bonds. Automated trades or robots are also an option with the MT5 platform.
The order execution on Avatrade is promoted as very good and from what we can tell it seems to be true. This is a market maker broker which means that you will have direct access to their liquidity and you should be able to trade very fast and without any slippage during normal conditions.
Pyment methods and limits
Avatrade offers standard payment methods such as Visa, Mastercard, Maestro, Bank Transfers, Skrill, WebMoney, and also one e-wallet Neteller. The lowest limit for a deposit is $100, the minimum withdrawal is $50, and the maximum withdrawal is almost limitless.
When you withdraw money from Avatrade, your initial deposit amount will be withdrawn to the card, or bank account you used for the deposit. The rest of your profits can be withdrawn to an alternative account.
Things we don’t like
There are not many negative aspects of this regulated broker in terms of safety. When it comes to the utility, the one thing I see missing is a market screener, a market-making rebate for traders who want to act as liquidity providers, and daily gainers & losers list to find daily volatility.
However, Avatrade has our fullest recommendations and we encourage you to test it out on a demo account.
Avatrade Trading Fees
About the special features on Avatrade
Avatrade is offering a lot of extra utility for its traders and I was very happily surprised to see all the great educational content in the forms of expert guides and beginner tutorials. This is exactly what we are looking for in a good platform. Education comes first and Avatrade knows this. Before you start trading on any of the several platforms you can read up on new strategies or some of the basic fundamentals of any given asset.
When you trade you can use both earnings releases to track potential market movements if you are a day trader or calculate your risk to reward ratio with complex profit calculators. The options section on Avatrade is very innovative where you can be a very advanced trader and also a complete beginner, there are tools for everyone on the AvaOptions platform.
Options Trading Platform
The AvaOptions platform is a very intuitive options platform that can be used on both desktops and on your smartphone. Take advantage of new technology with Avatrade and the brilliant minds behind this new tool. Structure your FX options with an easy-to-use page where profit and loss charts show you direct market risks and rewards.
Online Trading Strategies
I am very happy to see the number of guides Avatrade has available for its traders. In this section, you will find very solid online strategies to read up on such as Risk Management Strategies, Indices Strategies, Options Strategies, Price Action Strategies, and strategies for Quantitative traders. There are also other tutorials in the form of video guides such as Stock Market Fundamentals, Forex Basics, and Market Analysis Basics.
Beginner Trading Guide
Avatrade has a great education section for complete beginners that will guide you and help you get started. You will get to know the basic market knowledge and also how to place your first trades. This is great to use if you are new to the game and what to learn from a good online guide for beginners.
With the Avatrade social platform, you can learn from other profitable traders and see how experts trade the markets. You can automate your trades and copy selected traders that you feel comfortable with. This is one of the latest technologies when it comes to social trading platforms and there is also an app where you can start using copy trading strategies right away.
Cancel Losing Trades
Avatrade has a magnificent risk management tool that will protect any specific trade up to one million dollars for a chosen time frame. This is incredibly good and to be able to reverse bad trades is a huge benefit for day traders. The way it works is that you pay a hedging cost for the time of purchase. At the end of this period, Avatrade will reimburse the capital directly into your account.
Our own experience with Avatrade
Avatrade Funding Methods
|Max Withdrawal Limits||No limit|
|Min Withdrawal Limits||$1|
|Min Deposit Limits||$100|
Avatrade Withdrawal Fee
Is Avatrade safe to use?
Avatrade is one of the most secure CFD brokers to use. With global recognition and global regulation, this CFD broker has one of the highest standards when it comes to customer security.
Is Avatrade regulated?
Yes, it is regulated in Europe by CBI, in the British Virgin Islands by FSC, in Australia by ASIC, in South Africa by FSCA, in Japan by FSA and FFAJ, in Abu Dhabi by FRSA, and in Cyprus by CySEC.
Frequently asked questions
Read the most frequently asked questions about Avatrade. Find answers without searching the web.
This broker is a top choice for both beginners and advanced traders. Enjoy new technology, high security of funds, and a very good reputation overall.
The smallest amount you can deposit is $100.
There are no deposit bonuses that yield real capital.
Usually, the process is very fast and it takes between 1 or 2 working days to withdraw money. Keep in mind that this is between Monday and Friday.
There is a 0% commission on this broker and instead, they deploy a bid-ask price spread. When you open a position you don't have to pay a direct fee, however, you need to pay the difference on the buy and sell-side. This small price difference is how they make their money.
Yes, it is completely free to use. You can open a demo account for free as well.