AvaTrade

Highlights

• Fast and Reliable order execution
• Expert advisors
• Worldwide access

Pros

• Instant online account opening
• Low fees
• Great educational tools

Cons

• The inactivity fee is charged
• Forex, CFDs and crypto-only for Europeans

Main Features

Country of Regulation: Ireland, Japan, Australia, South Africa, British Virgin Islands, Abu Dhabi

Trading Fees: Low

Inactivity Fees charged: Yes

Minimum Deposit: $100

Products: Forex, CFD, Cryptocurrencies

Review

Fees

AvaTrade charges low trading and non-trading fees. There is no withdrawal fee charged. There is an inactivity fee.

A/C opening

The account opening process at AvaTrader is fully digitalized and hassle-free. The minimum deposit is $100 for debit/credit cards, but $500 for bank transfers. AvaTrade offers three account types i.e standard account, corporate, and Islamic account. 

The AvaTrade account can be opened online.

Deposit & withdrawal

AvaTrade charges no fee on deposit and withdrawal. It also offers many options for deposits and withdrawals but may take up to 3 business days.

To withdraw you have to visit the AvaTrade portal and check the ‘withdraw funds’ option.

Trading Platform

The AvaTrader trading Platform is well designed. It is highly customizable and has a clear fee report. AvaTrader provides its own trading platform (web trader) and also the third-party trading platform (MetaTrader4 and MetaTrader 5)

Research

AvaTrader's research is user-friendly and has great technical analysis. The platform provides quality news fees, trading ideas, and other great research tools.

Customer service

You can connect with the AvaTrader customer service through email, phone, and live chat. The phone support is hard to reach. 

Education 

AvaTrade has great educational material. Along with a demo account, it offers a lot of other quality materials like educational videos and Trading platform Tutorials.

Safety

As it is regulated by the top-tier financial authorities like the Central Bank of Ireland it can be considered one of the safest platforms.