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AvaTrade Forex Trading
This broker offers CFDs which are a leveraged product. Using leverage involves greater risk than using cash resources only and your responsibility to repay the borrowed money (and any interest) remains the same even if the value of the underlying asset declines.
Minimum Opening Deposit
$300
Number of Currency Pairs
50+
Margin Requirements (MMR)
Varies depending on currency (3.00-28.00%)
All information about AvaTrade Forex Trading has been collected independently by Finder. Finder is not connected with AvaTrade products, and this page is not sponsored, endorsed or administered by, or associated with, AvaTrade. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.

Summary

Take advantage of competitive spreads and powerful trading platforms with this reputable online forex broker.Β 

AvaTrade is a globally licensed and regulated online trading broker that offers its services in Canada through Friedberg Direct. This is a reputable Toronto-based firm that ensures all AvaTrade accounts comply with Canadian regulations.

When you sign up for AvaTrade, you'll choose from a number of different trading platforms (including MetaTrader 4 and AvaOptions). These allow for both automated and manual foreign exchange and contracts for difference (CFD) trading, depending on your preferences.

Pros

  • Easy application. You can open an account in a matter of minutes using AvaTrade's online application.
  • Industry-leading software. AvaTrade uses the MetaTrader 4 software, which is one of the best in the industry.
  • Reasonable forex fees. You'll pay a reasonable markup on the foreign exchange spread for most currency pairs.
  • Diverse technical tools. You can take advantage of a number of research tools that will help you understand market trends and chart out your trades.
  • Demo account available. You can sign up for a demo account to trade virtual money and figure out an investment strategy before you dive into the deep end.

Cons

  • Annual fee. You'll have to pay per year to maintain your account plus an inactivity fee of for every three consecutive months you don't make any trades.
  • Computer literacy is needed. You'll need to know how to navigate the online trading platform to take full advantage of all of AvaTrade's features.
  • Difficult to understand trading. It can be difficult for beginners to navigate the risks involved with trading on this type of platform (such as high volatility for CFD trades).

In this guide

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Details

Product details

Minimum opening balance $300
Platforms Web Trading, MetaTrader 4, MetaTrader 5, AvaOptions

Quick take

  • Think about this online forex trading platform if you’re a seasoned trader who wants access to CFD and Forex.
  • Choose something else if you’re looking to trade regular equities using your own cash.

What investments does AvaTrade offer?

AvaTrade offers a number of different forex and contracts for difference (CFD) trading options. The main platform that AvaTrade offers is MetaTrader 4.

  • Foreign exchange. Trade currency pairs to make money on the currency spread when prices fluctuate.
  • Options. Buy and sell investments when they reach a certain price, depending on whether you think the market is going up or down.
  • Contracts for difference. Profit from the difference between the opening and closing price for a number of CFDs without having to invest in actual assets.

What types of CFD trades can I make?

  • Equities. Place bets on the rise and fall of stocks and their derivatives to link your trades to the performance of specific companies.
  • Bonds. Speculate on the shifting value of common government bond futures (with a focus on Euro-Bund and the Japan Government Bond).
  • Indices. Anticipate price changes in stock indices that group together baskets of individual company shares.
  • Commodities. Forecast price movements for commodities like coffee, cacao and mined products like gold or oil.

Who is AvaTrade best for?

AvaTrade’s software is a good fit for experienced investors that want to trade primarily in foreign exchange and currency pairs. You can also trade CFDs on the MetaTrader 4 platform. You’ll need to sign up for the AvaOptions platform to trade options, which many other forex dealers don’t allow you to trade.

All of AvaTrade’s platforms are ideal for investors who are relatively tech-savvy and open to risk, since all trades are carried out online, and CFDs and forex are inherently riskier.. You can also take advantage of AvaTrade if you’re just starting out by checking out the number of “Beginner’s Trading Guides” that AvaTrade offers.

How easy is AvaTrade to use?

AvaTrade uses MetaTrader 4 software, which is relatively common in the forex trading world. This software is functional and user friendly, and it comes packed with research and educational tools to help you make informed decisions about your trades.

It’s easy to sign up for an account with AvaTrade, and you’ll be able to start trading as soon as you get approved and load funds into your account. You can also start by downloading a demo account which will let you spend virtual funds and start refining your trading strategy. AvaTrade also provides print resources and videos to help you get started on its platform.

What research does AvaTrade provide?

AvaTrade offers a number of research options through Sharp Trader, which is its dedicated educational site.

  • Forex trade news. Get the latest on trade markets and economic trends with up-to-date forex trade news (including featured articles and fundamental analysis).
  • Market analysis. Make more informed decisions about when to buy and sell your investments with real-time market data.
  • Charting tools. Access a number of advanced charting tools with plenty of technical indicators to help accurately project your trades.

Pricing and fees

You’ll pay an annual maintenance fee for your account as well as a spread on every trade you make.

  • Account fees. You’ll pay $100 to maintain your account over the course of 12 months. You’ll also be charged an inactivity fee of $50 every time you don’t use your account for three consecutive months.
  • Trade costs. You’ll have to pay the spread on any currency pair or CFD that you trade (plus a markup for AvaTrade). Spreads will fluctuate according to what the markets are doing. That said, you won’t have to pay commissions on any of the trades you make.

Is AvaTrade safe?

AvaTrade is as safe to use as any other online forex trading platform. The company is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). This means it’s regulated by Canadian authorities and your deposits will be protected up to a certain limit.

How does AvaTrade keep my money safe?

AvaTrade protects your investments using a number of different security features on all of its software and mobile applications. As for data protection, AvaTrade has a rigorous privacy policy and follows a number of data management protocols to protect your personal information and investment history.

How do I sign up?

If you think you meet all the eligibility criteria and you’re ready to start investing with AvaTrade, you just need to follow the steps below:

  1. Use the online application to provide personal information like your name, email address, proof of ID and relevant documents.
  2. Review and submit your application.
  3. Get verified and load funds into your account to start trading.
  4. Set up a demo account if you want to get used to the software before you invest any real money.

How do I contact AvaTrade support?

You can contact AvaTrade by calling its customer service line at 877-796-3912 or by filling out an online form on its contact page. The company doesn’t list a dedicated email address to deal with customer complaints.

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Bottom line

AvaTrade is a forex and CFD trading broker that offers reasonable spreads and a number of research tools. It uses the MetaTrader 4 platform to let you buy and sell currencies quickly and easily for no commission. Find out how AvaTrade works and sign up for your account today to start investing.

Frequently asked questions

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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