AvaTrade is offering average-to-driving develops and a broad range of tradable tools through it is Ireland domicile and multiple satellite offices, with financial registration across six jurisdictions on five continents. This customized educational and research site has grown in the last year that is now offering a broader range of free courses, videos, and market analysis. When prospective clients are searching at account types, spread schedules, and fee listings. There are following AvaTrade review below:
- Trust
Clients have account protection up to EUR 20,000 through Ireland’s Investor Compensation Company (ICCL) but the broker is not providing additional insurance. They are offering negative balance protection and it now mandated under EU financial regulations. Desktop, web, and mobile platforms utilize no second-factor authentication but account holders can use Metatrader’s One Time Passwords (OTP). The company is holding client funds in a segregated account but it is running a dealing desk that makes markets against clients, raising the potential for conflicts of interest.
- Desktop
Clients are executing traditional technical or fundamental trading strategies now have little choice but to use Metatrader 4 and its aging feature set. It is instructive to note that many EU competitors have added a Metatrader 5 option in the last year but AvaTrade has announced no plans to offer the more up-to-date platform.
- Mobile
The rebranded and updated MT4-based app is including enhanced social trading capacity but a limited feature set that’s generated dozens of complaints on Google Play. This app is also designed toward newer and less skilled traders. They are providing step-by-step guidance on opening trades and a feedback system. These experienced traders are not likely to use.
- Research
AvaTrade is providing an economic calendar and limited research through this official website. Daily Trader’s TV video is covering the core of research materials, with the script then transcribed as a Daily Market Review.
- Education
Trading courses and other educational materials are offered through the official page as well. Well-organized tutorials are distributed into beginner, intermediate, and advanced topics, that are offering logical paths to skill-building. A broad range of general is covered all sorts of market topics as well as tutorials on trading platforms.
- Special Features
The broker is now providing a pathway to a professional designation that permits much higher leverage under new ESMA rules. However, few retail customers will qualify for those benefits, which is required financial industry experience and a large trading account. They are also offering fixed and floating spread accounts that will incur wider spreads.
- Investment Products
The list of forex, CFD and options are one of the trading instruments that is impressive while the addition of 8 cryptocurrencies. These are providing new opportunities for high-risk speculators. CFDs are included a basic selection of commodities and bonds as well as 69 shares and 5 ETFs. These are dominated by highly liquid US big tech stocks.
- Commissions and Fees
The broker is supporting no commission trading and ultra-low spreads but that may be inaccurate and depending on account type. A single-page list is spreading for all tradable instruments as well as overnight interest calculations, maturity rollover fees, and inactivity fees.
