AvaTrade is a global forex and CFD broker, regulated by top-tier financial authorities. It offers a wide range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. AvaTrade also provides a variety of trading platforms, including its proprietary AvaTradeGO platform, MetaTrader 4, and MetaTrader 5.
Pros
Wide range of trading instruments: AvaTrade offers over 12,500 trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies.
Multiple trading platforms: AvaTrade offers a variety of trading platforms, including its proprietary AvaTradeGO platform, MetaTrader 4, and MetaTrader 5.
Competitive spreads: AvaTrade's spreads are competitive, starting from 0.9 pips for major forex pairs.
Commission-free trading: AvaTrade does not charge commissions on trades.
Demo accounts: AvaTrade offers demo accounts so that traders can practice trading without risking their own money.
Educational resources: AvaTrade offers a variety of educational resources, including webinars, seminars, and e-books.
Customer support: AvaTrade offers 24/7 customer support in multiple languages.
Cons
Inactivity fee: AvaTrade charges an inactivity fee of $50 per quarter after 12 months of inactivity.
Limited account types: AvaTrade only offers two account types: a standard account and a demo account.
No Islamic accounts: AvaTrade does not offer Islamic accounts.
Fees
AvaTrade's fees are competitive, with spreads starting from 0.9 pips for major forex pairs. The broker does not charge commissions on trades, but there is an inactivity fee of $50 per quarter after 12 months of inactivity.
Features
AvaTrade offers a variety of features, including:
AvaTradeGO: AvaTrade's proprietary trading platform, which is user-friendly and easy to use.
MetaTrader 4: A popular trading platform that is known for its powerful charting and trading tools.
MetaTrader 5: The latest version of the MetaTrader platform, which offers even more features than MetaTrader 4.
Copy trading: AvaTrade's copy trading feature allows traders to automatically copy the trades of other successful traders.
Automated trading: AvaTrade supports automated trading using trading robots.
User Feedback
AvaTrade has a good reputation among traders. The broker has a Trust Score of 94 out of 99 on ForexBrokers.com.
Conclusion
AvaTrade is a good choice for traders who are looking for a wide range of trading instruments, competitive spreads, and commission-free trading. The broker also offers a variety of trading platforms and features. However, traders should be aware of the inactivity fee.
