AvaTrade Review 2024 Is AvaTrade Legit or Scam Broker

This type of questionnaire is standard for a broker regulated by a Tier-1 financial authority and reflects the firm’s commitment to comply with KYC (Know Your Client) obligations. There are also questions designed to allow the broker to establish any new user’s financial health so that the broker can set up a trading profile which considers the firm’s duty of care to its clients. Headquartered in Dublin, the firm has nine regional offices spread across the world’s time zones. Other reassuring factors are that the firm has been trading since 2006 and currently supports more than 200,000 clients. Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2023. AvaTrade’s software is a good fit for experienced investors that want to trade primarily in foreign exchange and currency pairs.

It means that, unfortunately, through either its servers, IP address or other online connections, has an association – on a range from 1 to to sites that have been flagged as malicious. The higher the number is, the higher the proximity to these controversial websites is – so, the higher, the worse. That’s not too much, so let’s take a look at the review of below. The user interface is simple and the fact that they have never ending educational material on trading is a big plus.Their staff are very helpful and friendly too. The broad appeal and undoubted credibility of AvaTrade is also a disadvantage. There is a sense that AvaTrade doesn’t quite have enough of a specialist niche.

  1. The company is an authorized broker-dealer and regulated according to many worldwide government institutions, giving users peace f mind that their funds are secure on the platform.
  2. AvaTrade keeps your money safe in segregated bank accounts — just like every regulated brokerage firm.
  3. Feel free to share this investigation of on social media using the icons provided at the top.
  4. They have a team available on a 24/5 basis through phone, email, and a web-based live chat service.
  5. The minimum advertised spreads for FX majors are in line with the industry average with EUR/USD at 0.9, USD/JPY and AUD/USD at 1.1, GBP/USD and USD/CHF at 1.6, NZD/USD at 1.8, and USD/CAD at 2.0.

Some website owners therefor chose to hide their contact details. Our algorithm gives a high rating if the identity of the website owner is shown. Spreads change according to market conditions, so the most up to date version should be checked directly in the trading conditions section of the AvaTrade site found here. It may take some time for identity verification to be completed. Therefore, if you want your data removed from the Internet, you should initiate the process HERE. Our team has meticulously scrutinized this service; it has proven its reliability and effectiveness.

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The company is regulated by 10 regulators across 5 continents with a global clientele in over 150 countries. Over time, numerous individuals have sought guidance on how to expunge their personal information from the internet. If you want your data deleted entirely from the online jungle, use Incogni immediately. This reputable data privacy tool is officially empowered to orchestrate the removal of your data from a multitude of brokers on your behalf, and it does so with remarkable efficacy.

At the moment I had no experience

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.

ForTrade is also a popular broker, with a license and regulation from Canada, Australia, Europe and England, see here. Try a Free Demo Account, on their awesome trading platform, signup here. One of the most popular aspects of this broker is the wide selection of automated trading solutions they offer. They offer a new trading app called AvaSocial, and they are integrated with external signal providers like DupliTrade, MQL5 Signals and ZuluTrade. AvaTrade’s 48 educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering.

Easy so navigate website

In this AvaTrade Review, we are going to take a look at the offer that this broker prepared for its traders. When it comes to trading platforms, the broker features MetaTrader 5, AvaTradeGO, AvaOptions and WebTrader and MetaTrader 4. AvaTrade’s mission is to be a trusted CFD broker among traders and investors. Withdrawals take 1-2 business avatrade broker review days for approval on AvaTrade, with the entire withdrawal process taking up to 10 business days depending on the processing time and withdrawal method being used. The spreads across the board at AvaTrade start at a competitive level. When trading major markets such as the EUR/USD forex market, you can expect spreads to start from 0.9 pips.

Indeed, cryptocurrencies such as Bitcoins have grown so much in value and with that comes an opportunity for investors to realize solid returns. One of the players making it painlessly easy for that to happen has been operating globally since 2006. In this AvaTrade review, we are going to talk about how this UK-headquartered company plays a pivotal role in the fast-growing marketplace. AvaTrade is an award-winning online broker offering Contracts for Difference (CFDs) on Commodities, Stocks, Indices, Cryptocurrencies and more.

However, because the broker is regulated by the ASIC, FSCA and ADGM, there is a high chance that it is not a scam. With that being said, it still does not mean that AvaTrade is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Thoughts.money finds AvaTrade.com to be a trustworthy Forex broker. If you are a beginner trader (or experienced investor) who appreciates premium trading conditions, optimal trading environment, and advanced technology, then consider AvaTrade.

www.avatrade.com Technical Analysis

The fact that the number of tradeable markets is limited to 250 won’t be a problem for many but will be a concern for some. Asking a question by email allowed us to make a more detailed request, but there wasn’t an ‘email us’ button on the trading platform, so we had to go back to the AvaTrade home page to enter the details of our request. Moving onto the actual trading dashboard did require backtracking through the ‘My Account’ section, where it was possible to click on the AvaOptions trading platform icon and enter login details. Introductory and free live webinars are available for those who are new to Forex trading.

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A positive feature was that the staff avoided the common trap of turning the call into a hard sell and even suggested beginner traders start trading using small amounts of capital which is sensible advice. Auto trading platforms, such as Mirror Trader and Zulutrade, are the leading auto trading interfaces in the industry. The auto-trading software allows you to duplicate the trades of skilled online traders, at any time, even while away from your computer.

The response to our request for more information on options trading strategies came back within less than two hours. We had asked for clarification on whether options traded at AvaTrade are American rather than European in format so that they can be exercised any time before expiry date. The support team came back with an answer that met our needs and gave links to additional research materials. The initial call made by the AvaTrade support team in Dublin helped with onboarding and suggested the customer services team were professional, client focussed and knowledgeable.

AvaTrade provides expanded trading strategies and a certain way of dealing with markets and clients that gained a reliable and respected reputation. We found out that the mobile app which AvaTrade absolutely proud of is AvaTradeGO, which is simple to use and offers a wide circle of tools at the same time. The App features a friendly dashboard with advanced tools and step-by-step guidance for trades opening, activity feedback, and support. Being able to access your funds, and fund your account with an initial deposit through a bank account with no complication is another core of options trading. And while choosing a broker you should consider that point too, so here there are also good options offered by AvaTrade. There are a total of 57 video tutorials available through the AvaTrade educational section which provide you a detailed guide through many aspects of forex trading.

So, whether you are a beginner or an experienced trader, you can rest assured that this system has a module to get you moving. Feel free to share this investigation of on social media using the icons provided at the top. If you’ve fallen victim to any type of fraud resulting in a loss exceeding $1,000 US, please share your story with us and complete THIS FORM. The process of recovering lost funds is intricate and demanding, but we are more than willing to review your case in the hope of helping you reclaim your money. The website has been assigned a moderate to low ranking by our validator. Nevertheless, this assessment remains subject to change in the near future, contingent upon user feedback.

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