AvaTradeGo is an innovative trading platform designed by AvaTrade. It offers trading management features as well as live market updates for traders on the go.
In today's fast-paced digital era, mobile trading has become quite a common practice among traders. It offers not only the privilege to trade on the go but also access to powerful tools and market insights. Over time, more and more people are starting to turn their heads toward mobile trading apps for capitalizing on financial markets.
AvaTrade is one of the brokers that released a mobile trading app called AvaTradeGo. Since 2006, the broker has been providing traders in various countries with a number of reliable services, products, and features. AvaTradeGo is one of their more recent innovations, designed to be user-friendly and suitable for traders of any expertise.
Introduction to AvaTradeGo
AvaTradeGo is an intuitive mobile trading app that has won several awards, including Best Forex Trading App 2020 by the Global Forex Awards. The app basically aims to replicate most of AvaTrade's web services in the mobile version. Clients of AvaTrade must know how decent and well-executed their website is. The app is just as satisfying in this matter, if not better due to the latest technology. Based on user reviews on AvaTradeGo, it seems that the app works very smoothly and they had no trouble during the downloading process.
The AvaTrade trading app aims to simplify the process of executing orders in financial markets. It provides a unique set of opportunities to make your own lists and see prices change in real-time. Choose from hundreds of instruments, including forex pairs, CFDs, and cryptocurrencies. All of them can be traded virtually anytime and anywhere from the app.
Once you download the AvaTrade app, you'll see that the design is very unique and minimalistic. The interface is clean and navigating is easy to do. It has a combination of dark blue and white color palettes, which forms a great contrast and is pleasing to the eye.
The app itself runs both on Android and Apple devices, so it is very accessible. On Google Play Store, AvaTradeGo has been downloaded over 1 million times with a rating of 4.0 from 8.97k users. While on the App Store, this mobile app's rating is 4.3 and has received 447 user reviews.
AvaTradeGo's Main Trading Features
One of the greatest reasons why AvaTradeGo is a must-try product is its diverse functionality. It claims to be an all-in-one platform where you can enjoy a smooth trading experience, make your own watch lists, as well as access a handful of management tools, charts, and many more.
Some of the advantages that AvaTradeGo offers include:
- More than 1000 trading instruments for diverse trading, including a wide range of forex pairs, 8 different cryptocurrencies, and CFDs on stocks, bonds, ETFs, FXOptions, indices, and commodities.
- Managed and monitored by one of the most trustworthy brokers in the world, AvaTrade, which is fully regulated in the EU, Australia, Japan, South Africa, and the British Virgin Islands.
- More than 25 languages available, including English, French, German, Hungarian, Chinese (traditional), Italian, Japanese, Spanish, and more.
If you trade with this AvaTrade app, you can enjoy all of the features in MT4 and MT5 with low commissions. The app is great not only for experienced traders but also for novice traders. The following are special features that you won't find anywhere else:
Exclusive Market Insights
The home screen will show you all assets available for trading, broadly divided into three categories: Favorites, Hot, and Trends. If you click on one of the assets, you'll see the current market trends in real-time and even see what other traders are buying and selling. View various statistics, sentiment bars, and market behavior with ease.
Such information can be useful to help you make better trading decisions with more precision and strategy. In other words, it is a quick way to monitor the social trends of other fellow traders in the vast AvaTrade community and build a clear analysis of what is currently happening in the markets. From there, you can also immediately select the asset and open a buy/sell order.
AvaProtect Feature
Risk management tool is a crucial matter in any broker or trading platform. The same goes for AvaTrade. A smart trader needs to know everything about this matter before diving head first into the markets. In AvaTradeGo, there is an exclusive risk tool called AvaProtect, which is set to protect a specific trade against losses.
The tool is able to provide protection of up to one million dollars over a certain time frame. You can choose between 1, 3, or 6 hours of protected period. This means when it's active, AvaTrade will reimburse you for the cost of losing trades straight to your account! Enjoy a peace of mind while being completely safe in unpredictable, volatile markets.
Investing is always risky, but AvaTrade makes it simple to protect yourself. In exchange for the service, you only need to pay a modest hedging cost at the time of purchase. You can view the total cost next to the chosen time frame before you start the activation.
Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor (EA), Avatrade also completes their service with One-cancels-the-other order (OCO) and AutoTrading in many variants of automated trading systems.
AvaTrade was founded in 2006, with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.
In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area.
Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.
The Autochartist free signal is provided in Gold Account, Platinum Account, and AVA Select. By opening an account in AvaTrade, traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives.
Traders can access AvaTrade in many variants of platforms, such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading, and AvaOptions.
In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984).
Can traders lose more than their deposit abruptly in the event of high volatility? AvaTrade explicitly answers no, as traders have negative balance protection.
With a minimum deposit of USD100, AvaTrade offers various leverage depending on the trading instruments; whether it is forex (starts from 30:1), indices (starts from 20:1), commodities (starts from 5:1), ETFs (starts from 5:1), or cryptocurrencies (starts from 2:1).
AvaTrade has committed to a set of values in relation to customers. Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform.
New traders can also learn forex trading in the Education tab on AvaTrade's official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.
There are many types of account types provided by AvaTrade. There is also an Islamic Trading Account, which is uniquely provided for Muslim Traders. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests (swap-free), which sits well with the finance principles of Sharia Law.
If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice. The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.
Account Management
According to the broker, AvaTradeGo is an all-in-one platform that enables traders to make trading simple and always within grasp. But aside from trading activities, you can also use the app to manage your AvaTrade account. This includes registering a new account, switching from several different accounts, making deposits, verifying your account, getting social trading notifications, and more.
AvaTradeGo also provides an opportunity to open a demo and Islamic account with the app. The demo account is great to test your trading skills and testifying to the broker's services. Meanwhile, the Islamic account follows the Riba principles of the Sharia law. Trading with an Islamic account will allow you to enjoy swap-free trading in exchange for a small commission.
24/5 Customer Support
AvaTrade introduced AvaTradeGo as the most professional and innovative mobile trading app that you can get your hands on. Suppose you encounter any issue with the app, the customer service is ready to help you 24/5 every week. On top of that, the service is multilingual so you can easily communicate in your local language.
You can get in touch with the customer support team via live chat or phone call. The app also provides a comprehensive FAQ section where you can find quick answers to general trading-related questions.
Bottom Line
AvaTradeGo is the best trading app with various innovative features to try about. It provides most of the features available in the desktop version, including but not limited to account management, trading management, risk management, and more. The only difference lies in the practicality. AvaTradeGo is accessible anywhere and anytime, allowing traders to stay informed of the markets' current happenings even when they're away.
According to the customer review of AvaTrade mobile, the app seems to be working smoothly and easy to navigate. While researching about the app, we also found that this is indeed true. The app even provides access to multiple educational resources to assist traders in every practice and progress. To avoid any issues, we highly recommend you use the latest version of the app and clear the cache before using it.
AvaTrade is an innovative global forex and CFD broker that offers a diverse range of trading services as well as instruments with some of the most competitive commissions in the industry. It is known as a trustworthy brokerage firm, suitable for beginners and professional traders alike. Some other strengths include easy deposits and withdrawals, an intuitive mobile app, and fast execution.
5 Comments
Nov 20 2023
Hello, a new Avatrade user here. Right off the bat, I'm very satisfied with Avatradego. I love how smooth it is and that it doesn't take much space in your phone. I'd say it's a safe choice for both novice and experienced traders because of the number of features that you can use on this app. One in particular that I'm most interested about is the Avaprotect feature. I don't think I've heard such feature in any other broker, I mean, a smart protection where you can get a full refund for making losses? That just sounds like the dream of every trader. But what is the catch here? Are there any requirements for the refund or fee that I must pay in advance?
Nov 21 2023
Hi, let me explain a bit more about this feature. So, AvaProtect is a risk management tool that you can easily apply on your trade using the mobile trading app. It's basically a type of insurance that protects your account from losing too much money within a certain period of time. As a result, you'll get a peace of mind during the protection period. The broker will fully reimburse you for losing trades as long as you meet the following conditions:
Of course there are fees that you must pay for the service. The hedging cost depends on the level of risk (volatility of the trade). More specifically, it will be calculated according to the expected volatility (EV) of your underlying position. If you decide to close the order before the protection period expires, and the trade is in the red, your loss will be fully refunded directly to your account.
Nov 24 2023
AvaProtect is indeed an incredible risk management tool that I think every trader must try regardless of their expertise. Another tool that I'd like to recommend is stop loss order. On top of AvaProtect, you can also open stop loss orders that will automatically close your position at a predetermined price. Thus, the loss will be limited according to your risk tolerance. This is definitely useful especially if you are trading in volatile markets such as CFDs and use leverage. Aside from that, you can also try to open other order types such as market orders and limit orders.
Nov 22 2023
After reading this article, I feel like I have to download the app now and try it myself. I'm a newbie though, so I don't have much experience with forex brokers. My friends told me that I need to be careful of scam brokers and that it's very easy to lose money in the trading world. Any tips on how to select the right broker? And can anyone point out a list of the pros and cons of this app compared to other mobile trading apps in the play store?
Nov 25 2023
Well, your friends are right. Trading is a risky business and losses are simply a part of the journey. You just have to embrace it and focus on gaining higher profits so that the small losses are covered. Speaking of trustworthy brokers, the safest option would be to choose a regulated broker. If you are interested in a broker, find out if it's regulated by at least one top-tier regulator and check the validity of the license. AvaTrade, for instance, is regulated by the FSA, the FSCA, ASIC, CBI, and more, so it is considered a safe broker to trade with.
As for the app, I think it has more advantages than downsides. Here are some of the positive points:
The only downside that I can think of is the high inactivity fees. If your account is inactive for 3 months, you will be charged with 50 USD flat and the price doubles after 12 months. Therefore, I'd say this broker is best for active beginner or professional traders.