The MT4 also allows you to install Expert Advisors for using automated trading bots that can take over your trading accounts. AVATrade has indeed covered a significant majority of the retail trading market by offering the best services according to their clients’ requirements. In Forex Options, for trading options, AvaTrade has its own desktop trading platform. AvaOptions with Vanilla Options helps clients in options trading to create a portfolio, choose from over 40 currency pairs, and reward. It also has portfolio simulations and professional risk management tools. By using the WebTrader platforms at AvaTrade, end users can benefit from a seamless user experience, search functions, and utilize several functionalities directly from the web version.
There is also a Good ’til time order time limit you can use to set an exact date and time for the expiry of an order. A two-step login procedure would provide an added layer of security. In this review, we tested WebTrader, MetaTrader 4 and AvaOptions, as these are the most popular among customers. Our scoring and Pro/Con list are based on our assessment of the WebTrader platform. On the negative side, AvaTrade charges an inactivity fee of $50/€50/£50 per quarter after 3 straight months of inactivity. On top of that, after 12 consecutive months of non-use, an annual administration fee of $100/€100/£100 will be deducted. When added up, these inactivity-related fees are quite high compared with AvaTrade’s peers.
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It’s possible to add funds to your AvaTrade account via credit and debit card and wire transfer. But, of course, there are many questions that need answers before you can determine whether AvaTrade is a good option for you.
- BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .
- Beginner traders will enjoy the commission-free trading accounts and the AvaProtect feature to cover losses in volatile markets .
- Having been in the industry for more than a decade, Avatrade can consider itself among the most experienced brokers in the sector.
- We thought this offering was expensive compared to other similar brokers.
- A credit card deposit takes 4-5 hours to clear into your trading account, while most brokers would be instant.
This makes for a more accessible and enjoyable learning experience. Besides, AvaTrade https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work provides its traders with a comprehensive array of educational trading resources.
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AvaTrade recommends automated copy trading platform like ZuluTrade, DupliTrade , and MQL5. Using these platforms, traders can copy or mirror the trades of other successful traders. If you are an experienced trader, AvaTrade has different auto trading products, and will be able to receive support https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work from industry experts advisor. AvaTrade WebTrader also trots out a few important features like AvaProtect, which is a risk management tool that helps traders to protect the trades from the probability of losing money. The user can also set up take profit or stop-loss to close their positions.
A spread of 1 point and below would be better than the industry average. AvaTrade’s spreads for Forex and commodities are competitive while the spreads for indices and stocks are less competitive when compared to the industry average.