AvaTrade is a popular and award-winning Forex broker based in Dublin, Ireland. AvaTrade is a globally operational Forex brokers which is now available to traders in South Africa.
But is AvaTrade a good fit for Forex traders? Read on to find out.
AvaTrade Regulation
Many of the world’s most prestigious regulatory bodies have issued licenses to AvaTrade, attesting to the firm’s commitment to client safety and satisfaction.
Second, the broker guarantees that traders will never lose more than they initially invested by protecting them against “negative balances.” Finally, it has gained widespread acclaim from its peers in the sector, which bolsters its standing as a trustworthy broker.
AvaTrade Asset Selection
AvaTrade is unique among brokers in that it provides access to a wide variety of asset classes. These include the 55 vanilla options available only through AvaTrade’s AvaOptions platform, two bonds, 59 ETFs, and 13 cryptocurrencies.
The variety of currency pairs offered by AvaTrade is about par for the course in the market; it covers both the most popular and less common currencies.
Compared to other brokers, AvaTrade offers a similar number of assets, but its speciality products, such as vanilla options, ETFs, bonds, and cryptocurrencies, make it stand out.
AvaTrade Trading Platform
AvaTrade provides more trading platforms than many other brokers, with MT4, MT5, and its proprietary AvaTrade Webtrader and AvaOptions available to traders.
With 24 charts and 30 indicators preinstalled, the base version of the AvaTrade MT4 platform has everything you need to start trading. In contrast to AvaTrade’s proprietary web trader, MT4 allows for algorithmic trading and is very adaptable.
AvaTrade offers the best mobile trading experience thanks to its support for four different trading applications, including the highly regarded AvatradeGO. ?Open a Free Trading Account Now
AvaTrade Pricing
AvaTrade has competitive fees both up front and over time, and it allows you one commission-free trading account.
The entry-level AvaTrade account only takes a deposit of $100 USD, making it feasible for most traders. Forex traders will discover spreads of 0.9 pips (EUR/USD), which is about the average, and no commission fees.
AvaTrade is a reputable broker that abides by all AML guidelines, thus any withdrawals that don’t result in a profit are sent back to the original payment method.
Withdrawals to a debit or credit card are limited to the initial deposit amount. After then, the trader might use the funds for any other purpose.
AvaTrade Analytical Tools
When compared to other brokers, AvaTrade’s market research is stands out. Trading Central, an industry-recognized pioneer in both technical and fundamental analysis, is also available through the platform.
AvaTrade’s website, the MetaTrader platform, the AvaOptions trading platform, and the webtrading platform all have extensive research resources.
Final Thoughts
With AvaTrade, you may choose from four different trading platforms, enjoy minimal trading costs, and trade on a large variety of trading instruments.
AvaTrade provides access to some of the most cutting-edge trading tools available, as well as a comprehensive library of instructional and market analysis resources. Most Forex traders will find AvaTrade to be a good option because it is one of the best brokers overall.
Also read: Tips to Start Trading Forex for New Traders
