AvaTrade’s rise to prominence and well-established name in the trading sector can be attributed in part to the fact that they hold licences from multiple tier-1 and tier-2 regulatory authorities.
The broker’s vast selection of trading platforms, which includes the popular MetaTrader and its derivatives, as well as the social trading options Zulutrade and Duplitrade, is certain to entice traders.
This Irish broker is well regarded not only among European but also among global traders for being one of the few to offer fixed spreads to clients.
Here, we will take a look at the pros and cons of AvaTrade to help you decide if this is the best broker for your trading needs.
Pros of AvaTrade
Given their standing in the industry, AvaTrade naturally has many merits to discuss in this AvaTrade review. Among the several account types there is one specifically tailored to Muslim traders.
The broker also excels from a trader’s perspective in that it provides excellent value spreads. Spreads on foreign exchange begin at this level.
AvaTrade offers a diverse range of more than 60 forex currency pairs for trading. Major, minor, and exotic pairs are included. Some of them can also be exchanged as options if desired.
One of the compelling features is that, while smaller spreads may be found elsewhere, AvaTrade offers a fixed spread that does not alter regardless of market conditions.
This can provide you with some assurance about your trading costs and is not provided by many brokers. Overall, while rival brokers may provide a few more trading pairs, AvaTrade’s low and set spreads make it a popular forex trading broker.
If you’re just getting started with cryptocurrency trading, AvaTrade has several options for you. These contain 13 transferable assets such as the most popular Bitcoin and Ethereum, as well as several others.
You can also locate a wide variety of third-party platforms, such as Zulutrade and Duplitrade, to engage in social and copy trading if that’s what you’re interested in.
Cons of AvaTrade
One of the drawbacks you will notice is that inactivity costs remain rather high. This can be a problem, especially if you are a casual trader.
Finally, the broker may be hampered by the fact that there are few assets accessible. While they have a good selection of currency pairs among more than 200 assets, they lack depth in other areas.
Final Thoughts
AvaTrade is a well-regulated Irish market maker broker that offers fixed spreads (beginning at 0.9 pips on forex), making it an excellent choice for aggressive traders seeking this type of spread, such as news traders.
Negative balance protection and the use of segregated accounts are also features of AvaTrade, ensuring that your assets are always safe. Despite being available in numerous locations throughout the world, the broker does not currently offer services to US traders.
Aside from that, they are an exceptionally well-trusted broker with a wide range of features, including huge markets, copy trading, and spread betting, even if the minimum deposit is slightly greater and the asset choice is very limited.
