Avatrade Complete Review 2022 – Forex And CFD Broker

Avatrade-Broker Review

Avatrade Overview

Warning: Between 54 and 89% of clients lose money when trading with CFD providers. CFD trading involves a lot of risk due to high leverage. You can lose all your capital. Before making an investment with CFDs you should seriously consider whether you have the necessary knowledge about the titles and if you can face the possible loss of all your capital.

Regulation of Avatrade

Avatrade is one of the best-regulated brokers in the world. It can boast no less than 6 global regulations. Let’s see what they are:

The accounts are segregated into maximum security accounts from Natwest and Barclays, two of the most important British banks and which, due to regulations, must maintain constant security audits. The broker’s money is handled in other perfectly separate accounts.

The broker offers negative balance protection in the event of any extraordinary movement, but at the same time maintains stricter policies of surveillance and compliance with trading margins. This is actually a good thing as it further ensures the safety of the trader and the broker.

Type of broker

AvaTrade is a Market Maker Broker specializing in Forex and CFD trading.

Trading Instruments

Some of the basic trading conditions are as follows:

Spreads

• Asset spreads vary according to market conditions
• FX options can be traded up to 24 hours before their expiration
• Options are European style
• Futures positions will be closed upon termination and will not be automatically opened

Overnight commissions

Overnight financing premiums (swaps) are variable and depend on market trading conditions

Many markets charge triple commissions on Wednesdays, corresponding to the weekend positions.

Leverage

Leverage levels may change due to volatility and extreme cases.

Trading volume

The Metatrader 4 platform only supports a maximum of 500 open trades at a time

The minimum lot is 0.01 on Forex and one share on Stock CFDs

Cryptocurrencies

• Cryptocurrencies are available 24/7 for trading
• Volatility can cause margins to change without notice
• Cryptocurrency spreads change often due to market conditions
• There are no cryptocurrencies for Islamic accounts

Avatrade Trading Accounts

The accounts section is the simplest because, unlike many other brokers, AvaTrade does not offer different types of accounts and concentrates all its offers in a single account, although the offer varies if what we want to trade is options or stock CFDs, for example.

However, what we can do is create many sub-accounts even in different currencies and manage the funds between them using different strategies for each other.

Another thing we can do is open a 21-day demo account but we can extend it many more times.

Avatrade Demo Account

If you plan to use this broker but do not know how its platform works, you can create a demo account in Avatrade to practice before depositing real money.

Avatrade puts at your disposal a free 100% operational demo account with €100,000 so that you can invest unlimitedly in the assets you want. Thus, you can practice until you feel comfortable investing real money.

How to open a demo account in Avatrade?

If you want to open a demo account in Avatrade to start practicing, you have to follow these steps:

• Access the form to create the Avatrade demo account.
• You can open the account with an email or connect with your Facebook or Google profile. We recommend that you select the last option (as long as you have a Google account).
• If you have selected any of the registration options through social networks, all the fields of the form will be completed and you will only have to click on “Create account”.

With these 3 simple steps, you will have created your Avatrade demo account. As soon as you create the account, you will enter the investment platform and a banner with a password will appear. This password is for the Avatrade WebTrader, not for your Avatrade account.

When you have created your demo account in Avatrade and enter its investment platform for the first time, you will be able to see its tutorials. There are 3 fairly short and interesting videos on how to open trades, close them and move around the platform.

However, and as a summary, to trade with the Avatrade demo account you have to follow these steps:

1. Search for the asset you want to invest in, either with its search engine or with its menu. You’ll find them all listed in categories on the left sidebar.
2. The asset will appear on the central screen, along with 2 buttons, one to buy (long trade), and one to sell (short trade).
3. Click on the type of order you want to launch.
4. A box will open to the right of the screen where you will need to edit your order.

Once you execute the order, you will be able to edit it in the “Positions” section that you will see in the menu on the left side of the screen.

In short, the Avatrade demo account is perfect for people who are just starting out or want to switch to Avatrade. But remember, the goal is to prepare you for real investing, so we recommend that you follow the same strategy that you would if you were investing your own money.

The duration of the demo account is 21 days but it can be extended if we wish.

Avatrade Trading Platforms

Avatrade is one of the brokers with a more complete and varied offer of trading platforms. Let’s see what platforms this broker offers us.

WebTrader

Payment Options

The clients of AvaTrade can deposit and withdraw funds through bank wire transfer, credit card (the most important like VISA and Mastercard), Paypal, Skrill, Neteller, Webmoney, and Western Union.

Also, the client has the option to withdraw money through a debit card offered by AvaTrade called Ava Mastercard. This debit card was created by this broker in conjunction with Payoneer, a company property of Mastercard.

Customer service

Customer service is one of the most important points when choosing a broker. For some clients, there is not much of a problem as long as the broker provides a good trading service in general, but others have high expectations of communication, especially in cases where problems with live trades may arise.

AvaTrade is a broker that has a large number of channels to maintain communication with its clients. These channels are available from Sunday at 21:00 GMT to Friday at the same time, resting on the weekend.

The main contact methods are:

• Contact form on Avatrade website
• Direct web chat
• Email
• Telephone
  • General number: +353766705834
• Instagram: avatradeofficial
• Youtube: AvaTradeTV
• Facebook
• Twitter: avatradelatam

Main Offers of AvaTrade

Review of Avatrade – Conclusion

After reviewing what is stated in this article, we can conclude that our opinion about AvaTrade coincides with the opinions of other users that we have found:

• AvaTrade is a perfectly regulated and legally established broker.
• It offers a good variety of trading platforms, for different devices and operating systems.
• In addition to Forex and CFDs, it also allows you to trade vanilla options.
• It has good customer service, complete and in different languages.
• It could improve by shortening the processing times of withdrawal requests.
• The list of assets available to invest can be expanded, it offers few indices and shares. However, it offers a range of different markets in which the trader can find investment opportunities.

As you can see, AvaTrade has aspects in which it stands out positively and others in which it can improve. If you want to try this online broker for yourself, you can open a real account or open a demo account with up to €100,000 of virtual money to practice.

FAQ – Additional questions

What type of broker is AvaTrade?

AvaTrade is a market-maker type broker. This is something that many people do not like but in reality, it is the main business model in this sector because even ECN brokers use other market makers to get liquidity. So in the end we have to trust that our broker is trustworthy. The main thing here, as always, is the issue of regulation.

Is it a safe broker?

There is no fully secure broker or company in the world. Even General Motors went bankrupt and had to be bailed out back in the day. AvaTrade is also not exempt from risks due to its inherent business activity. However, it is one of the most serious brokers out there and has been delivering services for many years. In addition, there is an important detail and that is that it is directly regulated by the Bank of Ireland, a totally strict and serious institution, on a par with any other world central bank.

Can you scalp with AvaTrade?

Yes, in theory, there are no limits to the trading strategies that can be used with this broker. At the moment we have not found limitations in this regard. The tricky part will be being able to craft a winning scalping trading strategy. This is very difficult for the retail trader, if not almost impossible. That is the reality of trading. The typical retail trader would be better off trading more in the medium term, with longer-lasting trades.

Is AvaTrade a scam?

Many people wonder if this broker might be a scam and for good reason. In the world, there are always scams everywhere and you have to make sure that the company with which you are going to trade is legal. In the case of Ava, we can say that it is not a scam because it has been offering services at the highest level on all continents for 15 years, and it is regulated by very important institutions such as the Bank of Ireland or the Australian ASIC.