AvaTrade is a well-established online broker founded in 2006, known for its extensive selection of trading platforms for forex and CFD traders.
The broker offers a rich educational experience for traders, with a comprehensive learning center featuring articles, courses, videos, and webinars.
AvaTrade provides a secure trading environment, with regulatory licenses in multiple financial hubs across the globe, including the FCA, ASIC, CySEC, and others.
With a focus on client education and a wide range of tradeable markets, AvaTrade caters to both beginner and experienced traders, offering a variety of account types and trading platforms to suit different trading styles and preferences
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Trading Details
Additional Detail
Spread and Fees
Overnight Premium
An overnight premium is deducted from your account when holding a position after a certain time (referred to as the “Overnight Funding Time”).
Inactivity Fee
After 3 consecutive months of non-use (“Inactivity Period”), and every successive Inactivity Period, an inactivity fee will be deducted from the value of the Customer’s trading account. This fee is outlined below and subject to client relevant currency based account:
USD Account: $50
EUR Account: €50
GBP Account: £50
Applicable fees subject to change periodically.
Administration fee
Your trading account may be subject to an annual administration fee unless prohibited by law. After 12 consecutive months of non -use (“Annual Inactivity Period”), an administration fee will be deducted from the value of your trading account. This fee is outlined below and subject to the relevant currency-based account: This is to offset the cost incurred in making the service available, even though it may not be used.
USD Account: $100
EUR Account: €100
GBP Account: £100
Applicable fees subject to change periodically
Education and Research
Educational Material
AvaTrade typically offers educational content such as articles, tutorials, videos, and webinars. These materials cover topics ranging from basic concepts for beginners to advanced trading strategies for experienced traders.
Demo Accounts
Traders often have access to demo accounts, allowing them to practice trading with virtual funds. This is a valuable feature for learning the platform and testing strategies without risking real money.
Market Analysis
AvaTrade usually provides market analysis and commentary. This includes fundamental analysis, technical analysis, and market news, helping traders make informed decisions.
Economic Calendar
Brokers often include an economic calendar on their platforms, detailing upcoming economic events and announcements that may impact the financial markets.
Webinars and Seminars
AvaTrade may offer live webinars and seminars conducted by financial experts. These events provide an interactive platform for traders to learn and ask questions.
E-books and Guides
Many brokers, including AvaTrade, may offer downloadable ebooks and guides covering various aspects of trading, from risk management to market psychology.
Customer Support
1. Live Chat: AvaTrade often offers a live chat feature on their website, allowing users to engage with customer support representatives in real-time.
2. Phone Support: AvaTrade typically provides phone support with dedicated phone numbers for different regions. Traders can call these numbers to speak directly with customer support representatives.
3. Email Support: Traders can usually contact AvaTrade via email for inquiries, assistance, or support. The email address is typically provided on the official website.
4. FAQ Section: AvaTrade often maintains a comprehensive FAQ section and a help center on its website. Traders can find answers to common questions and access resources to troubleshoot issues.
5. Social Media: Customers can also reach out to the broker’s customer support team through various social media platforms such as Facebook, Twitter, and LinkedIn.
6. Online Contact Form: ACY Some brokers, including AvaTrade, may have an online contact form on their website. Users can fill out the form with their inquiries, and the support team will respond via email.
I've tried a lot of forex brokers over the years, but Avatrade is by far the best. Their spreads are tight and their execution is lightning-fast.