Avatrade offers a variety of products, including stock CFDs, forex options, and ETFs. It also offers fixed spreads on most markets. The fixed spread can be either a fixed percentage or a fixed price. The fixed spread is often lower than the variable spread, but can increase during volatile market conditions or at certain times of the day.
AvaTrade also offers a variety of leverage options for different asset classes. For example, you can trade forex for as little as 1:30, or a commodity at a ratio of 1:10. You can also trade stocks, indices, and ETFs with leverage up to 20. The spreads on these financial instruments will vary, but AvaTrade spreads are comparable to the spreads you’ll find with other brokerages.
AvaTrade’s trading platform offers two types of accounts: Retail and Standard. Retail accounts are offered to retail traders and require a minimum deposit of $100. Both have similar features and offer low commissions, but the Standard Account has higher leverage. If you’re a professional trader, you may want to consider the Standard/Retail account, which is available to investors in select nations.
AvaTrade has been in business since 2006 and has over 300,000 registered users worldwide. Its proprietary trading platform has some shortcomings, but the company tries to manage risks. It also offers educational tools and daily market analysis research instruments. In addition to its extensive trading platform, AvaTrade offers a bonus of up to 20% of your initial deposit.
AvaTrade is a highly regulated broker. It has received regulatory approval from several commissions. The European CBI, the Australian ASIC, the Japanese FFA, and the United Arab Emirates FSC have all approved AvaTrade. It also offers a wide variety of CFDs.
AvaTrade has a mobile trading platform that provides the same options strategies as the web platform. However, unlike the web platform, mobile users can’t set price alerts or notifications. However, the mobile platform offers a host of educational tools to help traders become successful in trading. AvaTrade’s desktop version of MetaTrader 4 is almost the same as the MT4 platform, including customizable price alerts.
Withdrawal requests are processed by AvaTrade within one to two business days, depending on the payment method. Some withdrawal requests may take longer due to banking policies. If you are a Canadian citizen, AvaTrade will accept payments from Skrill, Neteller, and WebMoney. However, you cannot withdraw funds from your account if you reside in the United Kingdom or Australia.
AvaTrade’s customer support is multilingual and available around the clock. You can reach them through live chat, phone, or email. The live chat option is said to provide the fastest response times. AvaTrade offers educational materials in many languages.