Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The web platform is easy to learn and the mobile app is great for trading on the go.
AvaTrade Platforms & Assets Review
It also has key features which make it a great choice for traders getting started, but seems to fall short on providing execution and slippage statistics. Spreads and price execution appear to be average in comparison to peers, making it a good choice for new traders. It offers a secure trading environment with transparent fees, powerful trading tools and reliable order execution.
It operates 7 entities, three of which are authorized by Tier-1 regulators. The broker is also fairly transparent, having issued a ‘best execution policy’ and a robust client https://traderoom.info/is-avatrade-truly-a-brokerage-we-can-rely-on/ categorization policy. Read our full explanation and accounting of our research and testing process to learn more about how we test. The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity.
The main windows, including the Market Watch and Terminal features, can be expanded or hidden altogether, allowing you to tailor your workspace easily. MT4 and MT5 are very similar when it comes to the design and layout of the interface. The traditional look and feel of the platforms may feel a little outdated to some, but the good news is that they are easy to navigate.
Despite this, the 80 indicators that are included make up a solid offering and are accompanied by 13 drawing tools and nine timeframes. The platform also has sentiment indicators integrated right into the interface. One innovative feature available to traders is the AvaProtect risk-protection feature.
Tools and Calculators
AvaTrade has also partnered with Trading Central to offer powerful technical analysis and market insights. I find this useful for informing trading decisions, with trading plans developed by professional analysts. WebTrader still provides sophisticated trading tools, including 10 chart timeframes and 14 drawing tools such as Fibonacci Retracements and Trend Line. I never recommend choosing a broker based solely on their trading promotions.
U.S. customers don’t get access to guaranteed stop-loss orders or account protection against negative balances, which Forex.com offers to its overseas clients. This means your account balance could go negative if trades move sharply against you. The broker offers great customer support, and can be reached 24/5 via phone, live chat, or email. They also provide handy tools like margin and pip value calculators, a currency converter, and analytics to improve your trading strategies.
- Equity traders pay a minimum spread of 0.13%, also commission-free.
- Each day we have several live streamers showing you the ropes, and talking the community though the action.
- After twelve months of inactivity, an administration fee of $100 applies.
- Traders who close their position at a loss during the protection period get automatically reimbursed by AvaTrade but face the loss if they exit it after AvaProtect expires.
- One drawback for me is the interface, which feels somewhat dated and bland in comparison.
- I’ve found the broker excels for both its educational and copy trading offerings, earning Best in Class honors for Education, Beginners, and Copy Trading in 2024.
TradingCentral Content
- In that respect, it is somewhat surprising that the AvaTradeGO app features a greater number of technical indicators compared to the Web Trader.
- If you’re using MT4 or MT5, you’ll have to go with the spread-only account.
- As a result, the numbers speak for themselves, with over two million trades a month at a volume of $60 billion.
- Before trading CFDs, you should consider your risk tolerance and understand how these instruments work.
- I assessed that AvaTrade offers competitive spreads and commissions.
AvaTrade is not banned in any country but does not accept traders resident in Belgium, Cuba, Iran, Syria, the US, and New Zealand. Our proprietary scoring model evaluated each broker across 11 major categories and 73 weighted criteria, plus an additional 15 non-weighted criteria. The overall ratings are a weighted average of the weighted criteria, ensuring a balanced and fair assessment.
An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. In short, various tools built into the platforms make AvaTrade stand out. In essence, you can customize studies and build your strategies for success. When selecting a trading company, it’s important to look at its track record of performance.
The broker does not charge a handling fee for deposits or withdrawals. However, depending on the chosen payment method, third-party banking fees may apply. Moreover, the broker has implemented a ‘best execution policy,’ ensuring clients receive optimal price quotes consistently. Given all mentioned above, I assess AvaTrade as indeed a safe broker to trade with. In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.