AvaTrade Review – How to Avoid AvaTrade Trade Fees
Among the various factors that determine the success of an online trading business are the fees charged by the trader. While most people may not think of these fees as an important factor, they can be a significant source of financial loss. Some of these fees include charges for positions held overnight, no volume discounts and guaranteed stop losses.
Regulations in six continents
Despite being headquartered in Ireland, AvaTrade has offices and trading hubs in the U.S., Canada, the Middle East, China, and South Africa, among other countries. It also has a global client base of over 300,000 registered users and handles over two million transactions a month. The broker also boasts an impressive selection of tradable instruments, currency pairs, and proprietary trading platforms.
AvaTrade is a reputable and regulated broker with a ten-year track record and a long list of accolades to its credit. As a forex broker, it earned the prestigious Best Broker of Europe by Euromoney magazine. It is also one of the most trusted brokers in the world. AvaTrade is licensed by several regulators in Europe, the Middle East, and South Africa. It has offices and trading hubs in ten countries and is the biggest online trading platform in the world.
Interested investors may wish to try out the trading platforms of AvaTrade before opening a live account. For this purpose, they can use the company’s demo account.
The account is free and allows you to test out the trading platform. You will also get to learn how to handle your funds effectively. The demo account also offers a trial period of 21 days. If you decide to open a live account with AvaTrade, you will be required to provide proof of identity and residence. You can also extend the demo account period by contacting customer support.
AvaTrade provides a variety of account types depending on your needs. In addition, the company offers an integrated copy trading platform. The service also has an Android and iOS app.
Social trading platforms
Depending on the type of trading you want to do, AvaTrade offers you a variety of options. Whether you want to copy a trade, buy or sell a signal, or use a broker’s platform, AvaTrade has you covered.
If you want to get a handle on the forex market, AvaTrade offers a comprehensive educational section to help you get started. Moreover, AvaTrade offers a variety of tools to help you trade CFDs and other financial instruments.
In addition, AvaTrade also offers a social trading platform called AvaSocial, which allows you to interact with other traders and copy their trades. AvaSocial has an impressive set of features, including a mobile app, charting tools, and price alerts. You can also ask questions in VIP groups, communicate with real-life agents, and set up a strategy to copy other traders.
No volume discounts or guaranteed stop losses
Whether you are a beginner or a trader with experience, AvaTrade has a trading account to fit your needs. They offer a wide range of financial assets to trade in, from stocks to ETFs, and FX-based vanilla options. With over 200,000 registered users, AvaTrade is one of the most trusted brokers in the industry.
AvaTrade offers over 55,000 financial assets, including stocks, currencies, commodities, bonds, and indices. They offer 55 currency pairs, as well as 31 index CFDs. They also offer ETFs and 16 cryptocurrency pairs. They have been regulated by various financial authorities, including the Japanese FFAJ, the Central Irish Bank, the United Arab Emirates FRSA, and the Australian ASIC.
They also offer a range of tools and analytical features. AvaTrade also offers a free demo account for new traders. Customers are pleased with the broker’s customer service and fast trade execution. They also note the broker’s low spreads and minimal commissions.
Charges for positions held overnight
Keeping your trades open overnight can be a cost-effective way to make your money go further. The trade-off is a few dollars for each trade and some nifty features like tight spreads and zero commissions. For traders with a budget over the proverbial stick, City Credit Capital is the ticket. If you are willing to risk the cash, you can take home some real rewards. The best part? These guys have the best spreads on the market. Mostly, they aren’t picky about the trades you make. They are a great place to trade and if you aren’t into forex, they’ll happily trade you a nice flat rate on stocks, bonds, and equities.