Image via AvaTrade
A demo account includes access to the options trading platform too, so you can give it a test drive before funding your account with real money. Once you fund your account, try out the risk simulator to help you evaluate and build multi-leg strategies to take your options trading to the next level.
Mobile Platforms
AvaTrade offers a useful and easy-to-use mobile app for iOS and Android phones. Just download the app in your respective app store, login to your account, and you can view account details and enter a wide range of trades.
The AvaTradeGO mobile app supports multiple accounts at once, including multiple MT4 accounts. The most important features are at your fingertips including watchlists, charting, and fast trade entry.
If you don’t like the proprietary AvaTradeGO platform, AvaTrade also supports the MetaTrader 4 mobile app.
Mobile features a more limited than what you can do on the desktop platform you can use on your laptop or desktop computer, but when you’re on the go, mobile trading is incredibly valuable.
Advanced Features
AvaTrade offers several advanced features including automated trading and access to expert advisors to help you improve your investments.
- Automated trading in MetaTrader 4 is run using a connected DupliTrade account. ZuluTrade is another add-on that can execute automated trades in your account.
- The Expert Advisors at AvaTrade are actually bots that can trade on your behalf. These easy-to-program trading bots can open and close positions based on your specific criteria.
- AvaTrade Guardian Angel is a free trader support system tool for MT4 and is included with an AvaTrade account. Guardian Angels analyze your account and trades to help you lower your risk, identify mistakes, grow your knowledge, and make better trades over time.
Commissions & Spreads
“AvaTrade charges various fees for spreads, margins, and overnight interest. You may also face an inactivity fee if you don’t use your account regularly.”
AvaTrade does not give you access to the widest range of investments out there, but it does cover the most popular asset classes. You can trade stocks, currencies, FX options, indices, commodities, bonds, and ETFs via CFDs on AvaTrade. These, as well as cryptocurrency CFDs, require fees and charges.
Pricing with CFDs is not as clear as the simple trade fees you pay when buying stocks, bonds, and other investments in the traditional markets. While AvaTrade CFDs can help you get to a highly leveraged position at a relatively low cost, there are important fees to be aware of.
CFD positions held overnight incur overnight premium charges. If you hold a position over a weekend, you’ll have to pay a 3-day swap charge (charged on Wednesdays). The overnight swap fees vary by the asset. As of this writing, the overnight rate on stocks on the platform is -0.0111% to -0.0166%.
- Most commodities and indices charge around -0.0042% to -0.0053%.
- Option CFDs charge up to -0.012%
- ETFs cost between -0.0111% to -0.0166%
- Bonds charge -0.0042%
- Foreign exchange and cryptocurrency rates vary based on the currency.
Because the fees are not fixed per trade, it is important to understand how they affect your total profitability, particularly as you hold positions open over multiple days.
In addition to fees, you may also lose some of your investment value through the spread of the trade. All platforms don’t use the same exchange rates at the same time, which means some platforms give more favorable and others less favorable rates.
Customer Support
“Customer support is available by email, phone, or live chat. Support is available in multiple languages and local numbers are available in many areas.”
AvaTrade offers customer support in 14 languages, so no matter where you are, you are probably covered. Customer support is available via email, phone, or live chat on the AvaTrade website.
In fact, AvaTrade offers local phone numbers you can call for countries all over the world on all continents but Antarctica.
Research & Education
“New traders and those looking to boost their skills and knowledge have access to a range of resources from AvaTrade.”
AvaTrade hosts an education center on its website along with extensive resources for beginning traders. Major sections in the education section of the site include Trading for Beginners, Economic Indicators, Trading Videos and Tutorials, and a Forex eBook.
Other resources explain various order types and basic information you need to run your account. You won’t get the same detailed education here as you would from a university course, but it is good enough to get you started and answer basic questions.
You may also enjoy the public economic calendar, which offers useful insights into upcoming data reports around the world. When using the platform, you can enjoy news from a wide range of sources via a third-party integration.
Trading Experience
“With a wide selection of trading tools, AvaTrade fits both beginners and experienced traders”
As a beginner, AvaTrade gives you resources including useful bots and analysis tools to help you avoid costly mistakes. The platforms are easy to navigate and start you with basic charts that you don’t need an advanced degree to understand, decode, and use in your own trading scheme.
Advanced traders will appreciate automated selling tools, programmable bots, advanced trade orders, and a range of platforms you can use on the web, desktop, or mobile device on the go. While you won’t have access to some of the more rare securities in some markets, you get access to all of the most popular investments tracking hundreds of assets.
Conclusion
“AvaTrade is a high-tech broker that gives you access to a wide range of tradable markets with a CFD account. It is licensed and regulated in many jurisdictions around the world with trading systems suitable for beginner and advanced traders alike.”
If you are interested in getting into CFD trading, AvaTrade offers a transparent, easy-to-understand platform with tools for both beginning and advanced traders. While the assets you can trade are limited, with CFDs you can quickly build up a highly leveraged account to earn your big profits.
Of course, it is always important to understand the risks and costs of any investment or trading plan. With AvaTrade and any other CFD platform, you may encounter high risks and a high likelihood of losses.
Overall, AvaTrade offers a wide range of useful features and platforms for all of the most popular devices.
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