AvaTrade Review 2022
AvaTrade offers traders a broad range of trading platforms, including a dedicated options trading platform and its proprietary mobile app and social trading platform. The available assets present a balanced mix, offering clients in-depth cross-asset diversification from a commission-free pricing environment.To get more news about Capital.com Pros & Cons, you can visit wikifx.com official website.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. AvaTrade presents clients with seven well-regulated entities.
The regulatory environment at AvaTrade is outstanding and one of the most trusted industry wide. AvaTrade segregates client deposits from corporate funds and offers negative balance protection. Select jurisdictions also maintain an investor compensation fund.
I want to note that the trading environments offered by these seven jurisdictions are significantly different, as the relevant regulators have varying degrees of restrictions. Since most international traders have choices, I recommend selecting the one, if possible, that is best suited to achieve your trading goals. While most beginner traders will find each regulatory environment equally satisfactory, the British Virgin Islands or South Africa may be the best suited for committed, active traders requiring higher maximum leverage.
AvaTrade offers traders a commission-free pricing environment, but it comes with higher spreads. The EUR/USD starts with 0.9 pips or $9 per 1.0 standard lot.
Equity traders pay a minimum spread of 0.13%, also commission-free. Some equity traders may achieve a competitive pricing environment on select assets, dependent on trading volume and duration. Index and commodity traders get the best offer, as trading costs here rank among the best industry wide.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
1. Right-click on the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free AvaTrade account.
Traders must consider if the product and services portfolio at AvaTrade warrants higher trading costs, which remains an individual decision. I also want to point out the recurring inactivity fee of $50 after three months of dormancy, faster than most brokers but not an issue for active traders. After twelve months of inactivity, an administration fee of $100 applies.
AvaTrade has 55 currency pairs, 16 cryptocurrency pairs, 27 commodities, and 31 index CFDs. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list. I like the asset selection as it remains a well-balanced choice of trading instruments, suitable for all traders.
The leverage at AvaTrade depends on the regulatory jurisdictions. Most retail traders get a maximum of 1:30, in line with ESMA restrictions. Traders through the British Virgin Islands, South Africa, and professional clients qualify for maximum leverage up to 1:400.
By | buzai232 |
Added | Aug 22 '22, 12:52AM |
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