Forex Trading

AvaTrade Reviews Read Customer Service Reviews of avatrade com

AvaTrade stands out for its rich selection of trading platform options, and for its educational content for beginners – categories where it finished Best in Class. Its range of tradeable markets has nearly doubled year-over-year, and spreads for clients designated as Professional traders in the EU are quite competitive. We found out that AvaTrade is a Market Maker broker that offers a range from Forex pairs and CFD trading to Cryptocurrencies, available to trade with no restrictions on short selling or scalping. We also learned that the broker is considered a leading global Forex broker offering a wide range of trading platforms and trading instruments. Generally, AvaTrade is an STP and OTC broker that also uses high technology for order executions. I.e., quotes received from the interbank and connected to the market itself.

Starting to trade with AvaTrade, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that AvaTrade offers a user-friendly platform with all the tools and resources you need to trade successfully. A review of AvaTrade found that its customer support service is extensive, providing local phone support for a variety of countries worldwide, live online chat support, and email request ticket submissions. This variety of support tools gives users plenty of outlets to get all of their questions answered, and tickets that are submitted during off-business hours are usually responded to within 24 hours. The customer support experience at AvaTrade is generally positive.

  1. Disclaimer – We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.
  2. We understand that there are a lot of Forex brokers available and it’s not an easy task to select one.
  3. There are many Forex brokers to compare and choose from online.
  4. A review of AvaTrade found that its customer support service is extensive, providing local phone support for a variety of countries worldwide, live online chat support, and email request ticket submissions.

The minimum account deposit is dependent on the base currency and deposit method of each user, with the deposit minimums as follows, with the minimum for a credit card deposit on an account based in US Dollars being $100. Once the account identity is approved, a deposit to the account can be made. Deposit and withdrawal methods on AvaTrade include credit card, PayPal, bank wire transfer, Neteller, and more and may be dependent on your country of residence. The concept of investing in cryptocurrencies presents one of the most interesting undertakings of today.

Given the significance of its presence within the Trading sector, we are keen to observe whether the site’s performance improves or deteriorates. Our ultimate objective is to refine validation to the highest possible standard, ensuring the protection of all. In conclusion, is a website that is suspicious given all the risk factors and numbers shown in the above-mentioned tabs. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

The webinars include guided tutorials with real-time market updates. As a broker registered in Ireland, AvaTrade is subject to extensive and stringent EU regulations over its financial activities. Yes, AvaTrade is licensed and regulated by various governmental financial regulators, depending on your country of residence. Using a regulated broker means you have a place to go if you have a problems with your broker. With oil futures contracts, investors can trade 3, 4 and even 8 months out on the Crude Oil contracts offered on their platform. The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds.

If you are interested in crypto trading, then there are 13 crypto assets to trade in pairs with major currencies or other cryptos. In total, more than 200 assets are made available for trading with AvaTrade. This represents a good selection with assets to appeal to all types of trader. Added to this, if you are based in the UK or Ireland, you can also engage in spread betting through the broker.

AvaTrade is one of the leading and globally presented Forex Trading Brokers with over 200,000 trusting clients worldwide – Regulated on 5 continents. One thing that makes AvaTrade stand out when compared to its competitors is its variety of tools built-in to its trading platforms, allowing traders of all levels to build custom trading strategies avatrade broker review for success. AvaTrade is a trusted broker, with multiple AvaTrade reviews, over a decade of industry experience and global offices in over 10 countries worldwide. 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.

How do I contact AvaTrade support?

One strength of AvaTrade is the free use of forex trading APIs which support advanced automated strategies. These have a list-price running into hundreds of dollars but are provided free of charge to AvaTrade clients. Its international outlook is also reflected in the markets it offers.

Worst support ever

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Every trader (especially beginners) should try to learn as much as they possibly can and then put their skills to the test through a paper (demo) account before they switch to live trading. If you want, you can also open a free demo account to test your strategies in a risk-free environment before you risk your own funds. AvaAtrade holds several licenses and is regulated in many countries (as shown above). This provides you — and every potential client — with peace of mind. The education center constantly develops and features both Forex and CFDs trading information with live webinars, technical analysis, educational tools, and much more.

That is to ensure that advanced security enhancements available to the market are applied as soon as possible to the broker’s system and trading software. AvaTrade holds regulatory licenses in multiple financial hubs across the globe. While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval. AvaTrade produces daily in-house research content in video and article format, and grants access to Trading Central research modules.

The call with the AvaTrade member of staff developed into an informative Q&A session on what the platform offers traders and how to access educational materials. The onboarding process took less than one hour, mainly due to the opportunity to discuss how to get the most out of the platform with the AvaTrade contact. A new client with all their forms already in place could be expected to complete the account opening process in less than 30 minutes. After completing the form-filling new clients are required to verify their details by uploading two pieces of documentation, such as a copy of a driver’s licence and a utility bill. Payments by credit and bank cards are processed almost immediately. The broker also accepts payments via wire transfers, PayPal, Neteller, Moneybookers, and WebMoney.

My experience with Ava Trade is great…

You’ll need to sign up for the AvaOptions platform to trade options, which many other forex dealers don’t allow you to trade. Yes, AvaTrade offers a free demo account that comes funded with $100,000 in virtual funds. AvaTrade’s interface is intuitive and easy to use with excellent educational and trading tools. This is in line with the rest of the industry (although we’ve seen better). AvaTrade offers an optimal trading environment — both for pros and novices. You can choose one of the available AvaTrade account types to match your skills, needs, and ambitions.

What investments does AvaTrade offer?

However, because AvaTrade is not regulated in the United States, they are unable to accept clients residing in the US or take any deposits that originate in the United States at this time. Besides being highly compliant with regulators, they also have a number of measures in place to protect your funds as a trader. These include negative balance protection worldwide, the use of segregated bank accounts at top-tier banks to hold client funds, and further protection from the Investor Compensation Fund (ICF).

Contacting Customer Support

During testing, we also experienced moments when the connection to the LiveChat broke down, though reconnecting was easy to do, and there was no need to start the query from the beginning. AvaTrade’s journey towards meeting this aim starts with providing extensive support to new traders. The intuitive, simple interface, coupled with expert support staff available 24-hours a day, five days a week, in over 12 languages ensures that the questions posed by newcomers are answered swiftly. During our testing, issues raised with the support team were resolved in an acceptably short time. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Easy so navigate website

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. AvaTrade is as safe to use as any other online forex trading platform. The company is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

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