AvaTrade is a good place for beginners to start trading because their spreads are affordable and average. They also offer low minimum deposits and a generous educational system. In addition, you don’t have to worry about any broker fees or withdrawals because they’ll be taken care of for you. The average spread on AvaTrade is about 0.9 pips, which is about average in the industry. During the peak trading hours, AvaTrade’s spreads can run up to 2 points.
AvaTrade offers a wide range of products, including forex and CFD trading. Their extensive list of products includes over 250 financial instruments. They categorize their products by currency pairs and provide trading in major and minor currency pairs as well as a few exotic pairs. AvaTrade compensates its traders through a Bid/Ask spread, which is typically variable.
The spreads on AvaTrade’s forex trading account vary depending on your account type. Fixed spread accounts, for example, charge a fixed spread and do not vary, while ECN accounts include commissions and fees. You can choose which of these options is right for you. If you are a retail trader, you should look for an account that has floating spreads. You will be able to trade more currency pairs with less risk if you choose this option.
The minimum deposit required by AvaTrade is 100 units of currency. You can also open multiple accounts with this broker. However, there are several disadvantages to the AvaTrade trading platform. The first is that AvaTrade does not support many base currencies, only five. Its fees include currency conversions, which you’ll have to pay if you want to use more than one trading account. Also, you can’t deposit more than $100 USD per account.
Apart from trading in forex, AvaTrade offers other services such as trading signals, free education and social media portals. Customers also praise the broker’s quality service and favorable trading conditions. However, some complain about their withdrawal process, but this is easily solved by AvaTrade’s customer service. It also has a blog for its customers, which allows them to keep up to date with market news.
AvaTrade has a global regulatory framework and is authorized to hold client funds. It has more than 300,000 clients and millions of dollars in deposits. In addition, the company follows strict security measures and segregates client funds from its own funds. AvaTrade is also WebTrust-compliant and secures personal information.
AvaTrade is regulated in six countries. It offers diverse CFDs and trading platforms. Customers are protected by the Investor Compensation Scheme and can claim up to EUR20,000 in losses. Additionally, the company offers negative balance protection and AvaProtect to protect against losing trades. If you’re not entirely satisfied with AvaTrade’s service, you can leave a review about the company on its website. Positive reviews will improve AvaTrade’s standing. Negative reviews, on the other hand, will decrease its ranking.
Withdrawals from AvaTrade take a few business days, on average. The time taken depends on the payment method you used to fund your account. You can withdraw your money using your credit card, debit card, e-wallet, or wire transfer. You may have to wait up to 10 days before your funds actually reach your account.