Avatrade is a leading forex and CFD broker regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. It offers multiple trading platforms, +1250 financial instruments, educational content, and multilanguage customer support active 24/7.
Avatrade does not levy an internal deposit fee; third-party payment processor charges and currency conversion fees may apply. Therefore, traders should be aware of these costs before opening an account.
Fees for trading
Unlike other brokers that charge a fee for each trade, Avatrade does not. Instead, it is compensated through the market bid/asks spread.
The average spread charged by Avatrade for trading a EURUSD pair is 0.9 pips. This spread is slightly higher than the industry average.
In addition to the fees for trading, Avatrade also charges high inactivity and administration fees for accounts that are not used in three months or longer. These fees add up to $50 after three months and $100 after 12 months.
Avatrade is an internationally regulated, beginner-friendly CFD broker that offers to trade on Forex, cryptocurrencies, commodities, indices, and stocks. It also has many trading platforms and tools for manual and automated trading.
Fees for non-trading
Avatrade is an online broker that offers a wide range of financial instruments. They operate in several markets and are headquartered in Dublin, Ireland.
Like most online brokers, they earn a significant portion of their revenues from fees, usually attached to each trade. These can be in the form of a flat fee or a spread.
The spreads are based on the difference between an asset’s buying and selling price. This can vary depending on the market and the time of day, so you should always check the spreads before deciding to trade.
In addition, Avatrade charges overnight fees on positions that are held overnight, as well as interest fees on leveraged positions. These are ordinary expenses for Forex traders, especially those with accounts denominated in different currencies.
Avatrade also charges an inactivity fee after three months of inactivity and a further administration fee after twelve consecutive months. The price is $50 per quarter, which can add up to a considerable amount after a long period of inactivity.
Fees for withdrawals
Unlike some brokers, Avatrade does not charge a withdrawal fee. Instead, it only charges a deposit fee when you send money to your trading account from your bank account.
They also don’t charge a lot of non-trading fees. However, they do charge an inactivity fee after three months of inactivity. This is relatively high when compared to their competitors.
Avatrade offers 250+ instruments in stocks, commodities, Forex, CFDs, and indices to help traders diversify their portfolios and minimize risks. Multiple top-tier regulators regulate them in Europe, Australia, and South Africa.
Avatrade is a safe and reputable broker that ensures the security of client data and funds. They offer a variety of features, including 256-bit SSL encryption and McAfee Secure, which prevents credit card fraud. The company also protects negative balances and segregates client funds from operational funds.
Fees for deposits
Avatrade does not levy an internal deposit fee. However, third-party payment processing costs and currency conversion fees may apply.
AvaTrade offers traders a wide range of funding options, including credit cards, debit cards, and bank transfers. Each method has a separate processing time, which can vary depending on the type of card used.
In addition, Avatrade requires clients to pass an identity verification process before allowing them to trade. This involves submitting documents such as an ID and utility bills that prove your identity.
Avatrade also offers customer support via multiple channels. For example, the firm has multiple phone lines in various countries and provides live chat.
