AVATrade broker review - Forex and CFD trading

AVATrade broker review - Forex and CFD trading

Introduction

AvaTrade is a well-established forex and CFD broker that has been in operation since 2006. The company is regulated by several top-tier financial authorities, including the Financial Services Authority (FSA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). AvaTrade offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. The company also provides a variety of educational resources and trading tools to help its clients succeed.

In this review, we will take a closer look at AvaTrade and its offerings to determine whether it is a good choice for forex and CFD traders. We will cover the following topics:

  • Regulation and Security

  • Trading Products

  • Trading Platforms

  • Fees and Commissions

  • Customer Support

  • Education and Research

  • Mobile Trading

  • Overall Impression

Regulation and Security

AvaTrade is regulated by several top-tier financial authorities, which gives traders peace of mind knowing that their funds are safe. The company also has a strong track record of customer satisfaction. In addition, AvaTrade offers a number of security features to protect its clients' accounts, such as two-factor authentication and negative balance protection.

Trading Products

AvaTrade offers a wide range of trading products, including:

  • Forex: AvaTrade offers over 70 forex pairs to trade, including all of the major and minor pairs.

  • CFDs: AvaTrade offers CFDs on a variety of assets, including stocks, indices, commodities, and cryptocurrencies.

  • Stocks: AvaTrade offers over 12,000 stocks to trade from exchanges around the world.

  • Indices: AvaTrade offers 17 indices to trade, including the major indices from around the world.

  • Commodities: AvaTrade offers 17 commodities to trade, including gold, silver, oil, and gas.

Trading Platforms

AvaTrade offers two main trading platforms:

  • MetaTrader 4: MetaTrader 4 is a popular forex trading platform that is known for its powerful charting and trading tools.

  • AvaTrade MetaTrader 5: AvaTrade MetaTrader 5 is a newer version of the MetaTrader 4 platform that offers even more features and functionality.

In addition to its two main platforms, AvaTrade also offers a web-based trading platform and a mobile trading app.

Fees and Commissions

AvaTrade's fees and commissions are competitive with other forex brokers. The company charges a spread on all trades, which is the difference between the bid and ask prices. The spread varies depending on the asset being traded and the account type. AvaTrade also charges a commission on CFD trades.

Customer Support

AvaTrade offers 24/7 customer support in multiple languages. The company can be contacted via phone, email, live chat, and social media.

Education and Research

AvaTrade offers a variety of educational resources and trading tools to help its clients succeed. The company's educational resources include articles, videos, webinars, and trading guides. AvaTrade also offers a number of trading tools, such as a market scanner and an economic calendar.

Mobile Trading

AvaTrade's mobile trading app is available for iOS and Android devices. The app allows traders to access their accounts, place trades, and monitor the markets from anywhere in the world.

Overall Impression

AvaTrade is a well-regulated and secure forex and CFD broker that offers a wide range of trading products and platforms. The company also provides a variety of educational resources and trading tools to help its clients succeed. AvaTrade is a good choice for both new and experienced traders.

Conclusion

Based on our review, AvaTrade is a reputable forex and CFD broker that offers a comprehensive suite of trading products, platforms, and educational resources. The company is regulated by top-tier financial authorities and has a strong track record of customer satisfaction. AvaTrade's fees and commissions are competitive, and the company offers 24/7 customer support in multiple languages. Overall, AvaTrade is a good choice for traders of all experience levels.