Is AvaTrade A Safe Forex Broker?

avatrade scam

Moreover, compromised design and ethic of the brokerage company is not helping the cause of a trader. The following AvaTrade review will discuss each aspect that is a warning sign to not trade with the broker. Avatrade, which was established in 2006, allows its clients to trade Derivatives, Currency futures, and cryptos. They are authorized in 3 tier-1 and 3 tier-2 nations, indicating that they are an extremely secure brokerage. They provide MetaTrader as well as other systems and have reasonable costs and charges. In addition, there is a big faq and tutorial section on the website where you can get direct information about the company and trading.

avatrade scam

Is AvaTrade good for beginners?

AvaTrade has a relatively strong investment offering, with 1,250+ instruments spanning popular asset classes like stocks, forex and commodities. It trails alternatives like CMC Markets with its 12,000 instruments, but still offers enough for most retail traders. This keeps things simple for beginners, providing avatrade review access to the full range of instruments and commission-free trading. The $100 minimum deposit is also accessible for new traders. It’s well regulated, financially strong and has a substantial number of clients across the world. It offers a range of trading platforms that cover all types of trading strategies.

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Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. However, on 3 occasions since I’ve registered with Avatrade, I have not been able to login at the opening time of the NYSE. Today, luckily, I had closed all trades before that happened. And then I wasn’t able to enter a trade that would have made me a profit because of this issue. Compare the markets and instruments offered by AvaTrade and its competitors.

Accounts & Banking

If you choose the European regulator “Central Bank of Ireland” you will get an ICCL Investor Compensation Company Ltd. with a more than 20,000€ money guarantee. Yes, they enable traders to trade options, including vanilla options and ETFs, which provide them with flexible hedging and speculative possibilities. Traders using AvaTrade should be aware of possible currency conversion expenses.

Other Services:

Furthermore, AvaTrade got professionally educated employees who can help you to understand and trade the financial markets successfully. The broker communicates clearly the fees which can occur for traders. AvaTrade only finances itself only through the market spread. Like most brokers, AvaTrade ads a spread (the difference between offer and market price) to trading pairs.

  1. Trading courses and other educational materials are offered through Sharp Trader.
  2. Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker.
  3. There are no deposit or withdrawal fees – an advantage for active traders looking to move funds frequently.
  4. Both MT4 and MT5 are also available, catering to active day traders and automated trading strategies.
  5. Margin trading requires a deposit of a percentage of the entire transaction value to retain a position, with the proportion variable depending on the leverage employed.

These form the core of research materials, with the script then transcribed as a Daily Market Review. An SSL certificate is used to secure communication between your computer and the website. A free one is also available and this one is used by online scammers. Still, not having an SSL certificate is worse than having one, especially if you have to enter your contact details. We discovered that the website is rated as popular by Tranco with a score of .

avatrade scam

avatrade scam

AvaTrade will reimburse you for losing trades at the end of the protected period direct into your account. Any reimbursed losses will be credited in the form of liquid cash, with no withdrawal restrictions whatsoever, which gives you an additional peaceful mind, especially for new traders. AvaTrade is an international company and is more than six times regulated.

I found that the tool can be linked directly to an MT4 account for simplicity. AvaTrade also offers an intuitive mobile app, AvaTradeGO, which is free to download on Android and Apple devices. The application performed well during my tests, with a clean look and feel, dynamic charting and market sentiment data. In addition, Muslim traders can open a swap-free account. Alternatively, a professional account is available to qualifying traders with benefits including increased leverage.

AvaTrade promote commission-free trading through all of their available account types. This is made possible due in part to the fact that they are a market maker broker who essential operate their own internal market pricing and act as a counterpart to your trades. This is the opposite of some brokers who facilitate direct market access with reduced or no spread, but impose commission.

There is also a social trading option and no hidden fees. FX Options is a popular financial product to earn a high profit in a short time horizon. AvaTrade offers its own platform for FX Options, which is also available for any device. A total of more than 1,250+ different assets and markets are offered for trading. Choose between a fixed spread account or a variable spread account.

avatrade scam

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Learn more about our affiliate & trading risk disclosure.