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AvaTrade Trading Platform Overview
AvaTrade Trading Platform Overview
AvaTrade’s holding company is registered in the British Virgin Islands. The firm is headquartered in Dublin, Ireland.To get more news about
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AvaTrade operates worldwide but operated through regional offices. They serve Australia, South Africa, Singapore, Japan, France, Italy, Spain, Mongolia, China, Abu Dhabi, and more. They serve more than 200,000 active customers and execute 2 million monthly trade orders.
AvaTrade is a platform that provides hundreds of CFD products and a limited number of currency pairs for traders located in more than 120 countries through its two proprietary platforms – Webtrader and AvaOptions – and third-party platforms such as MetaTrader 4 and 5.
The company and its subsidiaries are regulated by various tier-1 and tier-2 jurisdictions such as the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), and the Japanese Financial Services Agency (FSA).
Compared to its rivals, AvaTrade’s portfolio of available stock, index, and forex CFD is smaller. Their fees for popular instruments and currency pairs such as EUR/USD are a bit higher than the average.Both the proprietary and third-party platforms supported by AvaTrade – MetaTrader 4 and 5 – are excellent, and their features are attractive. No fees are charged for deposits and withdrawals.
AvaTrade’s platforms include a web-based and mobile trading app called Webtrader. WebTrader is the company’s proprietary trading platform, along with a platform AvaOptions, designed for forex CFD traders.
The web-based platform of AvaTrade, Webtrader, has a user-friendly interface- It allows traders to browse and select the CFDs offered by this trading platform with ease. Prices are displayed next to their ticker symbols along with buy and sell buttons. Traders can tag their favorite securities as some sort of shortcut.
The search function allows the user to search by symbol or name of the asset. The reporting feature provides all the relevant information traders need to analyze their historical transactions. This information includes the market price, realized gains or losses, fees paid, and cost basis.It is important to note that the interface cannot be customized. None of its elements can be moved to suit the users’ preferences.
Two-step logins and price alerts are not available. This is a bit disappointing as most platforms send notifications when the price of a security reaches a certain level.
The desktop platform is similar to the MetaTrader 4 platform. The upside is that it allows for alerts and notifications. Compared to the web-based version, the design of the desktop platform is not as nice. The customization of charts and the interface itself is enabled. The reports section is good, similar to the web-based version. No two-step login is available for the desktop version.
The mobile version of AvaTrade has a good-looking user-friendly interface. It offers a lot, considering the narrow screen space of a mobile phone. The search function works great, and the same goes for the reports function.
There’s a unique feature that can be accessed via the mobile app. This is the AvaProtect order, designed to prevent financial losses at an extra fee. AvaOptions has a mobile app version, and they are available for iOs and Android.
AvaSocial – Copy Trading
Avatrade copy trading integrates through DupliTrade and Zulutrade. This ranks them among the best copy trading brokers such as Pepperstone and eToro. Avatrade launched AvaSocial in the UK, with which traders can follow and copy the best traders.
AvaTrade Trading Fees
AvaTrade Trading fees and spreads are competitive and in line with the industry average. The average spread charged S&P 500 index CFD is 0.5, while the average spread charged for trading a Europe 50 index CFD is one pip. The cost of the EURUSD pair is 0.9 pips, right around the industry’s average.
To estimate the cost of trading with this broker, we have assumed a hypothetical $2,000 position held for one week with leverage of 20:1 for stock index CFDs and 5:1 for individual stock CFDs.
AvaTrade research tools are good. It includes a news feed, an economic calendar, an idea hub, and many other resources. These are embedded into the broker’s platforms – Webtrader, MetaTrader, and AvaOptions.
For trading ideas, AvaTrade offers a section known as ‘Analysts View’ or ‘Forex Featured Ideas’. Traders can find hints into potential trading signals spotted by other traders for most of the financial assets covered by the platform.The economic calendar covers a wide range of economic and corporate events around the world, rating them based on the potential impact they may have on the financial markets.
AvaTrade news feed is one of the best out there. It features an excellent visual interface that tracks the number of publications per day, the orientation of such news – positive/negative – and the type of news covered. This feature is known as ‘Market Buzz’.
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