Avatrade review about Platform & Features

AvaTrade is a top-tier, internationally recognized broker that serves more than 200,000 satisfied customers. A forex broker authorized to do business on five continents, XM allows traders of all skill levels to access the market with various customizable platforms, tools, and choices.

Ava is also a multinational corporation with its main office located in Dublin, Ireland and other branch offices spread throughout the globe. France, Ireland, Italy, Spain, Japan, China, Australia, South Africa, Mongolia, Nigeria, and a brand-new UAE brokerage are all represented.

Platform & Features

Avatrade review: Avatrade offers various valuable services, such as trading platforms that are both easy to use and instructional.

  • Trading platforms

The broker supports many trading platforms, including WebTrader, MT4/MT5, AvaOptions, and others. Its primary trading platforms are WebTrader and Avaoptions, while MetaTrader 4 and 5 are optional add-ons. AvaOptions is the platform of choice for CFD options trading. If you want to trade CFDs on stocks or exchange-traded funds (ETFs), you can only do so on the MT 5 platform.

  • Reports

Under the “History” tab, you may view the comprehensive portfolio and fee reports. Swap fees may be viewed by selecting a position.

  • Warnings and Alerts

There is no way to get alerts or notifications regarding prices on the Avatrade Web Trader Platform.

  • Classes of Orders

Order types can be used, including market, limit, and stop. MT 4 supports time-limit orders such as Good-Till-Canceled (GTC) and Good-Till-Triggered (GTT). Guaranteed stop loss (GSLO) and “One cancels the other” orders, on the other hand, are not available.

  • AvaTrade – Mobile Trading App

AvaTrade, their mobile trading app, is compatible with iOS and android. Both the website and the mobile app have the security feature AvaProtect.

  • Trading in a Social Network

Social trading is also available in which users may mimic the actions of more successful investors by signing up with services like DupliTrade and ZuluTrade. Together with Pelican Trading, a platform authorized by the Financial Conduct Authority (FCA), it also offers the AvaSocial service.

What can you trade on AvaTrade?

More than 1200 different financial products from a wide variety of asset types are available through Avatrade.

  • Foreign Exchange (Forex) – AvaTrade allows trading in more than 50 different currency pairings. These pairs include major, minor, and exotic currencies. Including leverage of up to 30:1, it provides competitive spreads.
  • Cryptocurrency — allows buying and selling Bitcoin, Litecoin, Ethereum, and other cryptocurrencies. Cryptocurrency offers leverage of 2:1.
  • The broker provides competitive spreads and high leverage across various asset classes, including bonds, indices, stocks, ETFs, and commodities. Stores like Apple and Amazon have a maximum leverage of 5:1, whereas gold has the full power of 20:1.
  • The maximum leverage for indexes like the US 30 is also 20:1. Bonds and exchange-traded funds have a maximum leverage of 20:1.
  • Options – AvaTrade offers 30:1 leverage and 1% margin for EUR/USD options, making it one of the best platforms for options trading.

Do You Need to Trade Forex to Get Rich?

Even while there is always the chance of losing money, foreign exchange trading may provide substantial financial rewards if done correctly. Learn how the foreign exchange market works and what influences it if you want to take advantage of these changes. To be successful in foreign exchange trading, you need to know how it operates. Those who trade foreign currencies may wish to familiarize themselves with the many forex trading apps designed for use on smartphones.

How about a recommendation for good forex trading app for beginners?

Here is some best forex apps for beginners:

Due to its user-friendly interface, extensive features, and access to training resources the IG Trading app is an excellent option for novice traders. Since IG is at the forefront of forex trading education, its IG Trading mobile app is the top pick for newcomers in 2022.

Plus500’s user-friendly mobile app, on the other hand, has all the features necessary for trading and makes browsing markets a snap. However, the simplicity of an app’s interface does not guarantee that it will generate a lot of revenue.

When I want to start trading foreign currencies, what should I do?

Learning the ins and outs of the Forex market and its terminology is the first step in becoming a successful trader. The next step is to design a trading strategy suitable for your resources and comfort level. The last step is to sign up for a brokerage account. It’s simpler than ever to establish a forex account, fund it, and start trading currencies online.

By Michael Caine

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