How to Open Account in AvaTrade

If you are a trader with years of experience in the market and you are looking for something above the Regular account, there is a special offer for you available on AvaTrade. They may request verification documentation as they are dedicated to providing a reliable service and safe trading environment that is within all regulations. This helps give traders the peace of mind that their personal information and funds are secure at all times. Another thing worth noting here is that AvaTrade does not have zero spreads accounts, as the total trading cost is already included in spreads. Many day traders like to trade with zero spreads but bear a commission fee for opening and closing a position. I think the educational content is great and would certainly help if you are new to trading.

Each of these events can create changes in different instruments’ value, usually on a smaller scale. DupliTrade is an MT4 compatible platform which allows traders to automatically copy trading strategies in real time according to their risk preference and trading style. It has a user-friendly interface that makes it easy to build and manage a trading portfolio whilst gaining valuable insights into other trading strategies. Large-scale and professional traders are likely to find better value elsewhere due to the lack of volume discounts, high-end trading platforms, and comprehensive news and research resources.

  • Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
  • After doing so, you will see the pop-up window where you will provide the email and password you want to use for your account.
  • AvaOptions includes professional risk management tools, portfolio simulations, and much more.
  • When trading in volatile markets, it is important to consider the potential profits, losses and costs to trading.
  • After depositing funds, the next step is to download one of the trading platforms that are offered by the broker.

This can be beneficial for traders who are from Canada, as both brokers are regulated by IIROC. Meanwhile, Forex.com is another good alternative with over 4,500 trading instruments. These platforms are available to all levels of traders and can be selected depending on your trading requirements. With AvaTrade, you can trade multiple trading instruments on the different platforms through one account. AvaTrade is a regulated trading broker in the EU, Japan, Australia, South Africa and the British Virgin Islands.

What is the minimum deposit for AvaTrade?

AvaTrade states that accounts across all jurisdictions do have negative balance protection and it also offers AvaProtect, which allows clients to take out insurance on a trade. After experimenting with the Demo Account, you would want to open a Retail Account which is perfect for any type of trader, especially day traders. It offers a wide choice of trading instruments and fast execution speed with tight spreads starting from 0.9 pips. Alternatively, you can open a Swap-free Islamic Account which is specifically designed for Muslim traders who follow the Shariah Law. This account does not charge overnight fees in exchange for a small commission.

The minimum advertised spreads for FX majors are in line with the industry average with EUR/USD at 0.9, USD/JPY and AUD/USD at 1.1, GBP/USD and USD/CHF at 1.6, NZD/USD at 1.8, and USD/CAD at 2.0. As is the norm in the FX industry, clients will be charged swap fees on positions they hold overnight. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

  • As a result, you will never lose more money than you have available in your account, meaning that your balance will never be in the negative territory.
  • It is a very simple trading platform, which can be used by traders even with the least experience in the market.
  • The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.
  • When it comes to choosing a new broker to start trading with, one of the most important factors every trader is focused on is the safety and security they can be offered.
  • Traders can take spot and options positions through AvaOptions, a dedicated but basic platform that provides plain vanilla and complex hedging with streaming put and call quotes for a subset of forex pairs.

AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity. Yes, based on your detected country of NL, you can open an account with this broker. Our testing avatrade broker found AvaTrade to be great for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research. We use dedicated people and clever technology to safeguard our platform.

Desktop

New traders can also learn forex trading in the Education tab on AvaTrade’s official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.

Commissions and fees

You can browse and filter the available trading strategies and choose those that are best suited to your individual risk preferences and trading needs. Vantage also integrate with ZuluTrade if you are looking for alternative options. Blueberry Markets offer a Free VPS to clients who meet a certain trading volume if automated trading is something of interest to you. The app provides you with step-by-step guidance on opening trades, feedback on your activity and support any time you need it.

The Safety & Security of AvaTrade

If you run out of virtual cash, you can always ask the broker to provide more. If you are a total beginner in the Forex trading market and have little to no experience in trading, it would be better to start your journey with AvaTrade using the demo account. The demo account of AvaTrade can be opened in a very short time, without any struggle. Because of this, traders are not able to directly buy digital assets on AvaTrade. But, they can still make profits from this market thanks to the CFD trading.

The Trustpilot Experience

With the use of negative balance protection, the positions are closed automatically by the broker when your account balance nears zero. As a result, you will never lose more money than you have available in your account, meaning that your balance will never be in the negative territory. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Rates, terms, products and services on third-party websites are subject to change without notice.

This means that instead of using your actual, real-life funds, you will be trading with virtual money. This virtual cash may be used by traders to try out different types of trading strategies and styles to determine which one works the best for them. This might not be an issue if you prefer to learn by yourself, but can be a great option if you need a little professional guidance along the way.

Traders can take spot and options positions through AvaOptions, a dedicated but basic platform that provides plain vanilla and complex hedging with streaming put and call quotes for a subset of forex pairs. Withdrawal processing can be unusually slow, requiring as long as 10 business days to receive wire transfers. Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker. The withdrawal time can also vary depending on your chosen withdrawal method. AvaTrade holds regulatory licenses in multiple financial hubs across the globe. While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval.

Leave a Comment

Your email address will not be published. Required fields are marked *