Traders who want to protect their overnight trades need to monitor the rollover rates that they use. These rates tend to be stable in a normal market environment, but they can swing dramatically when the interbank market is under stress. In order to avoid negative rollover rates, traders should close their positions before the end of the day.
A rollover rate is the amount of interest a forex trader must pay for holding a currency position overnight. This amount is calculated by subtracting the interest rate on the base currency from the interest rate on the quote currency. This amount is then divided by the base exchange rate to determine the rollover interest rate. A positive rollover rate is a gain for the investor, while a negative rollover rate is a loss.
AvaTrade offers CFDs for stocks, indices, cryptocurrencies, European bonds, and forex. Their range of products includes six-hundred and thirty-one stocks. They also offer CFDs for 17 commodities, including gold, energy, and agricultural products. In addition, investors can trade in a variety of indices, including the Cannabis Index and China A50. These indices have leverage between 1:10 and 1:20. They also offer FXOptions, which include spot gold and 54 vanilla options.
AvaTrade is also known for its excellent customer service. Their customer support representatives are available around the clock to answer any of their clients’ questions. They also offer an online contact form, live chat, and telephone support. Additionally, AvaTrade provides a comprehensive Help Center and FAQ page for traders to consult.
AvaTrade offers both retail and corporate accounts. Retail accounts can be opened with just $100, or with a debit or credit card. If you are a business, you can open a corporate account by uploading a copy of your corporate board resolution and memorandum and articles of association.
Most trading platforms charge a spread between the bid and ask price. This is how they make their money. Stocks typically have a higher spread than ETFs. In addition, AvaTrade charges a small amount of interest on open positions at 10 PM GMT, and this interest can add up very quickly.
Another advantage of AvaTrade is that it is regulated by the ASIC and offers numerous platforms. Traders can trade forex, cryptocurrencies, and non-major equity indices. The company is headquartered in Dublin and has offices around the world. The company’s website has a wealth of educational resources. Additionally, its customer service is premium.
AvaTrade offers both retail and professional accounts. It offers over 40 currency pairs with competitive spreads, and allows traders to trade 9 cryptocurrencies with up to 20:1 leverage. It also offers Islamic accounts, as well as spread betting accounts. Trading with AvaTrade is accessible to traders of all experience levels.
The company offers multi-lingual customer support. Representatives are available 24 hours a day, and can be reached via phone, email, or live chat. Live chat has been said to have the fastest response times. AvaTrade provides its customers with financial analysis tools and news.