AvaTrade Experience & User Reviews
What we liked about AvaTrade
AvaTrade has a unique trading feature for CFD brokers – 24/7 crypto trading. They offer more than 8 cryptocurrencies to trade whenever you want. This minimizes possible gaps in the volatile crypto market. Ava has a many helpful webinars and lessons for curious traders. With 29 % successful retail traders their customers are above the market average.
What we disliked about AvaTrade
The biggest issue are the slighty above average fees regarding spread and swap. They currently do not offer any ECN or STP account, which is the preferred account structure by many successful forex traders.
BrokerCheck Review of AvaTrade
AvaTrade offer a simple account structure – one demo account and a real money account. The fees of Avatrade are slightly above average but there are many tradable assets, including 8 crypto currencies. The offered software consists of the all-rounder Metatrader 4 and a Mobile / Webtrader. Learning materials & webinars are also available free of charge. The biggest plus of AvaTrade is the bonus promotions, which are offered for new customers. AvaTrade even offers 24/7 cryptocurrency trading, which is unique for CFD Brokers. AvaTrade offers no ECN or STP account. Overall AvaTrade should be a consideration for Crypto interested traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this Broker.