AvaTrade Reviews

Steps to Open an Account on AvaTrade

1. Visit the Website: Go to the AvaTrade website and locate the "Register Now" button.

2. Fill Out the Registration Form: Provide basic personal information such as name, email, and phone number. Alternatively, sign up using existing profiles from Facebook or Google.

3. Complete Personal Details: Enter further information including date of birth, address, and details about your trading experience and knowledge.

4. Choose Account Preferences: Select your preferred trading platform (options include MT4, MT5, WebTrader, etc.) and set your base currency.

5. Verify Identity: Upload necessary documents for verification, such as a government-issued ID (passport or driver's license) and a recent utility bill for proof of address.

6. Submit Application: After filling out all required fields and uploading documents, click on submit to complete the application process.

7. Account Approval: Wait for account verification, which typically takes about 1 day.

8. Fund Your Account: Once verified, choose a funding method and deposit at least the minimum amount (typically $100) to start trading.

9. Start Trading: After funding, access the trading platform and begin trading activities.

Here are the top 10 alternatives to avatrade.com:

1. Ig - Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools.
2. Interactive Brokers - A highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs.
3. Saxo - A highly trusted broker that operates multiple banks and is regulated across the globe.
4. CMC Markets
5. FOREX.com
6. Charles Schwab
7. City Index
8. XTB
9. eToro
10. FXPRIMUS

These alternatives were chosen based on their trust score, year founded, trading platforms, and tradeable symbols. Each of these alternatives offers a range of features similar to AvaTrade. Please note that the suitability of these alternatives depends on individual trading needs and goals.

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders. It provides access to ultra-low spreads on over 1,000 trading instruments – including AvaOptions, Metatrader 4/5 and its latest risk management tool, AvaProtect – through both its cutting-edge web trader and mobile app, AvaTradeGO. AvaTrade offers its proprietary platforms AvaTrade WebTrader and AvaTradeGO, with innovative features such as AvaProtect. The AvaOptions app, powered by Sentry Derivatives, provides AvaTrade clients with an excellent forex options mobile trading platform. AvaTrade offers 44 forex options, in addition to over 1,200 CFDs. AvaTrade offers AvaSocial, along with ZuluTrade and DupliTrade for social copy trading. It also provides automated trading platforms where you can mirror or copy the trades of other often more experienced traders. You can fully automate your trading this way and it gives you the opportunity to trade, even as a complete beginner. For more advanced traders, it is a great way to not have to sit and watch your screen all day long. AvaTrade provides clients with a generous choice of over 1,250 financial instruments across different markets, including Forex, Stocks, Commodities, and Cryptos. They have a good range of advanced yet user-friendly trading platforms for you to choose from, for both desktop and mobile devices.

AvaTrade offers a wide selection of convenient payment methods. The process of depositing and withdrawing funds is streamlined for the convenience of clients. The platform is highly regulated and adheres to strict regulations and compliance procedures.

To withdraw money from an AvaTrade account, the account must be verified and confirmed. This is part of the KYC or Know Your Customer process, which requires AvaTrade to verify the identity of its clients and assess any potential risks of illegal intentions.

The verification process requires the following documents:

• A clear, coloured copy of a valid government-issued ID, such as a passport, driver’s licence or an ID card. The full name, date of birth and picture must be clearly visible on the ID.
• A utility bill, such as water, electricity, gas, local authority waste disposal or land-line phone, to verify the address or place of residence. The full name and address must be clearly visible on the utility bill. The utility bill must not be older than six months.

If a deposit has been made using a credit card or on behalf of a third party, verification documents for both parties are required. A clear, colour copy of the front and back of the credit card used must be sent. The copy must clearly show the full name, the expiration date of the credit card, and the first and last 4 digits of the credit card number.

Deposits can be made via several methods including major credit cards, wire transfer, and several forms of e-payment such as Skrill, Perfect Money and Neteller. The available payment methods may vary depending on the client's location.

Please note that all European banks applied a 3D security authentication code from 1/1/2021 to increase the security for online credit/debit card transactions. Clients from European countries must verify their accounts before depositing.

The process of withdrawing profits is designed to be as smooth and hassle-free as possible, allowing clients to focus on trading opportunities in the financial markets rather than administrative tasks like making withdrawals.

AvaTrade is compensated for its services through the Buy/Sell (Bid/Ask) spread. This spread is incorporated into the AvaTrade quoted rates and is not an additional charge or fee payable by you above the quoted rates. Additional fees could be applied to your account, depending on your trading activity. An overnight premium is deducted from your account when holding a position after a certain time. An inactivity fee will be deducted from the value of the Customer’s trading account after 3 consecutive months of non-use. This fee is $50 for USD Account, €50 for EUR Account, and £50 for GBP Account. Your trading account may be subject to an annual administration fee after 12 consecutive months of non-use. This fee is $100 for USD Account, €100 for EUR Account, and £100 for GBP Account. AvaTrade also has deposit fees, transaction fees, spread cost, currency conversion fees and overnight funding fees. AvaTrade does not charge any deposit fees. However, minimum deposit levels do apply. The minimum deposit for credit cards and e-payment methods is £100 and £500 for wire/bank transfers. AvaTrade does not charge any commission fees. It is compensated through the market bid/ask spread. The cost of opening and closing a trade is reflected in the spread. AvaTrade spread and commission fees start from US Dollar 100 with spreads from 0.03 pips. AvaTrade charges broker fees, while deposits and withdrawals are free of charge. AvaTrade also charges an inactive fee of $50 per quarter.

To open an account with AvaTrade, follow these steps:

1. Visit the AvaTrade website.
2. Click on the "Register Now" button on the main page.
3. Choose whether to open a "Real" or "Demo" account.
4. Enter your personal information in the required fields. This includes your full name and email address.
5. Select if you prefer an Individual account or a Joint Account.
6. Click "Create Account".

After creating the account, you'll need to complete your user profile. This involves providing some basic information about yourself. You can also use a social media shortcut to register using your Facebook or Google account. Once the registration form is filled out and completed successfully, you can verify your account and start trading. Please pay attention to the acceptable password requirements when creating a new password. Happy trading!

To get started with AvaTrade, follow these steps:

1. From the main page on the AvaTrade website, click on Register now and choose either a Real or Demo account6.
2. Fill in your name and email address, choose either individual or joint account and click on Create account6.
3. Complete the registration form and Verify your account6.
4. Once your account is set up, you will be required to deposit a minimum amount of trading capital5.

For trading forex and CFDs with confidence, AvaTrade provides a Trading for Beginners section on their website4. This section gives you all the information you need to start trading forex and CFDs4.

Remember, trading involves risk and it's important to understand the market before you start trading. Happy trading!