Is AvaTrade a Good Broker?
AvaTrade is a full-fledged online Forex and CFDs broker with the full range of trading instruments available. It offers low spreads (even on some of the most volatile instruments) which makes it a competitive option for traders looking for a fair deal. It also boasts a variety of additional features like social and copy trading, making it a good choice for aspiring or hands-off investors alike. Is AvaTrade a Good Broker?
It has an excellent customer support system that blends conventional and modern means to ensure that standard queries are addressed quickly and efficiently. Traders can get in touch via phone, email, and live chat. The broker also offers a rich FAQ section where the most common issues are addressed.
Is AvaTrade a Good Broker? An In-Depth Look at Its Features
The broker does not charge extra fees for deposits or withdrawals. However, it should be noted that third-party banking charges may apply. Furthermore, it is recommended to open a trading account in the same currency as one’s bank account to avoid supplementary expenses caused by currency conversion fees.
AvaTrade’s safety measures are on par with industry standards. The broker ensures the segregation of client funds and offers negative balance protection. The broker also uses a risk-categorization system and best execution policy to mitigate the risks of slippage and market distortions.
Traders can choose from over 1,250 trading instruments. These include a broad selection of Forex currencies, stocks and indices, commodities, ETFs and cryptocurrencies. The broker offers a maximum leverage of 1:400 for retail accounts and leverage of up to 1:100 for professional accounts.