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These tools should guide end users through the sales funnel, help them to set up accounts, start trading smoothly, and depositing directly in the application without any distractions. According to the internal analysis the majority of existing clients use only mobile interface to monitor the market and issue the trades. The more mature broker is, the more systems are in place. In consequence, a more complex infrastructure is a factor that influences and defines the architecture of the solution.
Devexperts readjusted business-specific application logic, developed a trading adapter to implement integration with the middleware of other technology providers, and completely redesigned the user interface according to the requirements provided by the client. AvaTrade reconsidered not only standard functions of a trading application charting, watchlist, order entry, symbol search, trade history , but also introduced a number of new features such as market sentiments and trends, sharing of trades, price alerts, and many more.
Business Challenge A trading platform is where an active client spends most of the time, and the trading platform frontend shapes the perception of the broker in the eyes of the trader. Solution The more mature broker is, the more systems are in place. The trading platform release happened in 3 months since the start on March 1, The Controllable launch to selected target client groups was put into action on November 1, At the same time, there were released region-specific versions of the app adopted for China and Japan.
This means that AvaTrade has a powerful track record and an established reputation of safety as a brand which it needs and wants to protect, to ensure it remains in good standing in such advanced and highly regulated financial services centers such as the Republic of Ireland, the European Union, and Australia.
After its initial establishment in Ireland in , AvaTrade grew and acquired several licenses in other jurisdictions. In any case, ALL AvaTrade clients globally, whether regulated by the European Union or not, are afforded the same protection beyond the legal requirement. Traders with more than a few thousand dollars to deposit may be able to find other brokers offering slightly lower average spreads, albeit with a similar very high level of regulatory oversight and protection. The list of average spreads and maximum leverage with margin requirements offered from the B.
The average round trip fees and costs for other CFD instruments offered such as commodities, individual stocks and equity indices are broadly a little better than average for the industry. Individual stocks and shares are mostly subject to a spread worth 0. An often-overlooked element of the trading fee structure is overnight financing, which is typically a net charge applied to any trade open at 5 p. New York time. These fees can have the effect of making swing or position trading expensive.
Finally, we conclude the topic of fees by checking whether clients are charged any incidental fees not directly related to trading processes by AvaTrade, regardless of whether a trade is made. Many newer traders will be looking to trade only one single asset class, such as Forex or CFDs on individual stocks and shares, but more experienced traders will probably be looking for diversification, meaning a wide offering across Forex, commodities, stocks, Indices, etc. Forex — more than 55 currency pairs and crosses, including exotic currencies.
Commodities — a selection of 19 commodities , with several softs on offer as well as the more typical energies:. Indices — a selection of 20 indices , almost all equity indices, offered mostly from several developed nations but also including China and a global Cannabis Index:.
Stocks — major individual stocks are offered from the U. Options — 46 currency pairs and the major precious metal Gold, with highlights of the most popular offerings below:.
You can use the following formula to calculate your Daily Overnight Interest amount using the published rates:. There is also a live chat feature. AvaTrade has some drawbacks though. The fees are built into the spread, 2 points is the average spread cost during peak trading hours. AvaTrade customer support has a solid reputation. Live chat is also available.
Cryptocurrencies —14 major cryptocurrency pairs are offered , including the top 5 cryptocurrencies by market capitalization as at the time this review was published :. A limited choice of different account types is offered, depending upon which branch of AvaTrade you are opening your account with.
Accounts are divided into two types: those servicing residents of the European Union, and those servicing persons resident outside the European Union. Professional clients can avail themselves of better spreads than retail clients.
The only difference between a Retail Account and a Professional Account is the maximum amount of leverage available for use. The only real difference between Spread Betting and Retail Accounts is in the way position sizes are measured, but the costs and accessibilities are the same.
AvaOptions includes a wide selection of professional risk management tools, portfolio simulations, and much more. Powerful desktop and mobile platforms can. Vanilla Options with AvaTrade. Bitcoin Gold. Bitcoin Cash. Litecoin. Ethereum. EOS. Ripple. Dash.
Profits on spread betting can be tax free for residents of the U. Residents outside the European Union are directed towards the Standard Account. These persons can enjoy maximum leverage as high as on Forex instruments. This account offers lower spreads than other account types do.
An Islamic Account, where no overnight swaps are paid or charged, may be opened by Muslim traders requesting this account type. For European Union residents, AvaTrade offers a maximum leverage of on Forex, on indices, on commodities, for individual stocks and shares and ETFs, and on cryptocurrencies. For residents outside the European Union, AvaTrade offers a maximum leverage of on Forex and indices, on commodities, for individual stocks and shares and ETFs, and on cryptocurrencies.
Every type of account offered by AvaTrade allows hedging, scalping, and automated trading via Expert Advisers. As AvaTrade uses the MetaTrader 4 trading platform for all its assets except Vanilla Options, there is a wide range of automated tools available which works with these platforms, and AvaTrade does not block or disable them. AvaTrade uses the MetaTrader 4 and MetaTrader5 trading platforms for all its accounts, except its Options Account which requires the use of the Ava Options trading platform.
This will not be a problem for most traders as the old yet beloved MetaTrader 4 platform is still widely used. MetaTrader 4 is available on all operating systems, tablet, mobile, app-based or web-based. Many users feel the apps tend to run with less glitches on a PC or laptop compared to the web version. It is relatively easy to use and intuitive, and in any case, its look and feel is extremely like MetaTrader 5 which was designed and marketed by the same parent company.
Anyone familiar with the MetaTrader 4 trading platform will instantly be at home with MetaTrader 5 which has the same look and feel. It is more powerful and faster than MetaTrader 4, especially when it comes to back testing functionality and. MetaTrader 5 uses a programming language called MQL5. Trading options can be a complex undertaking and AvaOptions simplifies the process, representing trade risks and payoffs graphically to give options traders a better understanding of the implications of their trades. The software presents implied volatility curves for all markets, as well as showing both current and historical implied volatility, as well as realized volatility.
The platform includes 13 default options trading strategies, making trade structuring easy and doable at the touch of a button. Finally, the platform includes a nice range of advanced risk management metrics. AvaTradeGO is not really a trading platform, it is more of a portal that manages your MetaTrader 4 trading platform from a mobile device or tablet, although trades can be executed through it using the underlying platform. The portal gives you step by step guidance on what you are doing from moment to moment and analyzes the entirety of what is happening in your account s , giving a valuable and easy to use dashboard view.
AvaOptions is a platform allowing you to access trading in vanilla Forex options, plus options in the precious metal Gold. You may trade any combination of call and put options, allowing the construction of relatively sophisticated options trading strategies such as strangles, straddles, and spreads.
Expirations are offered between 1 day and 1 year from the present. This kind of retail access to Forex options is exciting and novel. There is a good case to argue that buying out of the money Forex options is the most profitable long-term trading strategy in currency trading. On January 30, AvaTrade introduced AvaProtect, a service which protects traders from sudden negative movements during a defined trade period.
This form of negative trade protection may be of interest to new traders, as it'll give them the opportunity to test their strategies without taking a total loss if things go wrong. However, there is a fee for this service, though the AvaTrade website does not stipulate clearly what the fee is. It contains several precise articles which explain succinctly the basic concepts and procedures of trading Forex and CFDs.
Sharp Trader is an exclusive, restricted, registration-only academy for members which includes:. It also includes some limited research content. These latter two items are important to understand and are easily misunderstood, so new traders will be able to learn something useful from these items. Having said that, it is comforting to know that if you do need help, you will be able to get hold of someone competent quickly who will take responsibility for fixing whatever your problem is. Traders can contact representatives at different departments in several international locations via email or telephone.
Live chat is also available. AvaTrade is partially regulated in the E. While bonuses and promotions are permitted from outside this region, this parts of AvaTrade must comply with E. Please note that such bonuses and promotions are nearly always subject to several terms and conditions which mean you must trade very large quantities before you will be able to withdraw any of the awarded amounts in cash.
The account opening process with AvaTrade is quite good and speedy even in their highly regulated locations. You can expect to get your account open and ready the same day you begin the account opening process. Clients only need to navigate through a few screens where they submit a few details and choose the type of account they want to sign up for. It is worth noting that residents of the United States and a few other countries cannot be accepted as new clients by AvaTrade.
In addition to providing personal and account details, new clients are required to verify their identity and prove their place of residence, as is customary. The process is completely digitized. AvaTrade imposes no additional fees on any deposit or withdrawal beyond what the deposit or withdrawal mechanism itself may charge. A very wide range of deposit and withdrawal methods are supported by AvaTrade.
The most notable channels are Neteller, Skrill, and MoneyBookers. Major credit cards are also accepted, and bank transfers can also be used. Some customers have reported that AvaTrade is a little slow to process withdrawals. However, the reported delays are slight, and importantly, it seems clear that AvaTrade is just being thorough in respecting their obligations under anti-money laundering laws, and being careful, rather than attempting to prevent withdrawals.
During this AvaTrade review we did not find any examples where a withdrawal not executed by bank transfer or debit card was not executed on the same day where everything was technically in order. It is regulated in 5 different countries, including the European Union via the Republic of Ireland, and Australia.