AvaTrade Review 2021

9.3

/10

AvaTrade Review 2021
Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

9.3

Overall rating

9

/10

Execution of orders

9.6

/10

Investment instruments

9.4

/10

Withdrawal speed

9.2

/10

Customer Support work

8.9

/10

Variety of instruments

9.7

/10

Trading platform

4

Position
in rating

Trading terminals:

MT4 WebTrader
Zulu Trader
AvaTrader Mobile Apps
4

Position in rating

9.3/10
Overall rating

Trading terminals:

MT4 WebTrader
Zulu Trader
AvaTrader Mobile Apps

AvaTrade Latest Comments for 2021

9
0
9

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I have been trying out this broker with a demo account for three months, after which I decided to replenish the deposit. The execution is very fast, I recorded the speed from 400ms to 850ms, and as for the news - no more than 1 second. They offer an updated version of MT4 which works very well and now you can see the ping indicators near the access point. I have been trading for about two years, and during this time there was only one technical failure (then there were losses). And special thank you for not attempting to charge fees for additional services.

I have been trading with AvaTrade for approximately 1 year. In principle, the first impressions are not bad. They offer an MT4 trading platform, which is an advantage. There were almost no requotes or slippages. It is important for me to easily scalp or trade in the medium term. The mobile version of the broker works very well, but the only thing is that in most cases, not all mobile devices support the platform. The broker also has a proprietary platform, but I would not recommend downloading it at all - it is not very convenient and freezes up.

I decided to try AvaTrade because I liked the fact that they send out messages at the start of trading. Analytics and market news are also beneficial, but not always: there is always some percentage of irrelevant information. A particularly good feature is the risk management program! In my experience, I have not seen a similar program offered by any other broker company. For me, this is a significant indication of a broker’s transparency (especially for a beginner this is important to look out for). Technical support works fast and efficiently which is great! I recommend starting here with a demo account, at least for a month.

AvaTrade is not the most outstanding broker, but I immediately noted that they have very low spreads, and this is a huge plus for me. At the same time, I didn’t notice any special delays in the execution of orders, everything works quickly. I have only tested the withdrawal of funds once - the amount was only $100, but it was quick considering that many other companies delay this procedure. I hope that with large amounts everything will be similarly fast. Sometimes the terminal freezes up, but it is insignificant and does not affect my trading experience.

I am a long-term trader on the Forex Market and I will keep this brief. This is what you need to know about AvaTrade: there is a minimum deposit of $100, more than 250 assets for trading, about 10 cryptocurrencies (not bad!). The spreads are different, it happens that they can suddenly extend, but for my strategy,this is ok and works for me. There is also an analytics department and a transaction calculator, it is a good tool for optimizing swap losses. I certainly recommend a demo account for beginners. It is important to keep in mind the following: it is free for only 21 days. This, probably, may not be enough for most traders to try it out. As an experienced trader, the company suits me well.

As this company commenced operations in 2006, 14 years is an excellent amount of time to know that is reliable and one of the best. It also means that you can work with AvaTrade without worrying about your funds and fully concentrate on trading. I worked with the company at one time and there was a situation when several transactions were opened on the news without a previously indicated price. Then I lost about $60. The amount is small, but still, it is not the thing you like. I contacted technical support regarding the situation and to my delight, this issue was resolved in my favor and they returned my money!

AvaTrade is a mid-level broker with the standard conditions found with most other brokers. They have a proprietary trading platform, but, in my opinion, it is somewhat incomplete. Order execution is tolerable, but spreads can suddenly extend. The technical support is good, the managers do their best to ensure that it is managed well. In general, if you work with several brokers, it is quite possible to include AvaTrade on your list as you can make money with them.

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