To become a client in AvaTrade, you need to sign up and open an account. Read the guide below for the full details.
If you want to trade with the best conditions, you will be naturally attracted to top leading brokers. AvaTrade is a good choice to start your trading journey because it is widely known as a secure brokerage firm since 2006. There is no doubt when it comes to the broker's quality. It offers more than 1000 instruments ranging from forex, stocks, commodities, and cryptocurrencies. In addition, the company complies with 9 regulators in various regions to offer localized services.
Becoming a part of AvaTrade is not hard at all. You only need to open an AvaTrade account and make your first trade. Everything you should know about AvaTrade sign up and which account type is most suited for you will be discussed below.
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.
How to Open an Account in AvaTrade?
- Open the broker's official website, and hit the "Register Now" button.
- Provide some basic information about yourself in the required fields or simply use the social media shortcut using your Facebook or Google account.
- You will be required to complete your user profile in AvaTrade. Simply answer a few questions regarding your trading experience and trading knowledge.
- Create a strong memorable password and do not share it with anyone, then select a trading platform of your choice. Click "Next Step" to proceed.
- Next, finish off by filling in your occupation and risk preferences. Accept the terms and conditions from AvaTrade, then press "Submit".
- At this stage, you have successfully registered with AvaTrade. You will be redirected to the AvaTrade Webtrader where you can manage your accounts and open buy/sell orders.
It is worth noting that account opening in AvaTrade broker is also available via mobile app. The steps are mostly similar to the desktop version, so simply follow the instructions on your phone.
To make things clearer, here's a full tutorial video to demonstrate the process:
Which AvaTrade Account is the Best for You?
Aside from the AvaTrade open account process, you also need to consider which account type that you'd like to open. For novice traders, it is best to start off with a Demo Account where you can use virtual money to practice your trading skills in a risk-free environment.
After experimenting with the Demo Account, you would want to open a Retail Account which is perfect for any type of trader, especially day traders. It offers a wide choice of trading instruments and fast execution speed with tight spreads starting from 0.9 pips. Alternatively, you can open a Swap-free Islamic Account which is specifically designed for Muslim traders who follow the Shariah Law. This account does not charge overnight fees in exchange for a small commission.
If you already have some experience in forex trading and want to trade with advanced conditions, choose a Professional Account. This account offers many benefits such as low spreads and high leverage. Scalping and hedging are also available. Last but not least, money managers can choose the MAM Account. It allows multiple account management and commissions from clients.
Whichever account type you end up choosing, remember to follow the verification process to avoid any problem in the future and acquire the broker's full service.
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 30 2023
Upon reading this article, I arrived to the decision of signing up with AvaTrade. Aside from excellent security, the broker also offers many services that got me intrigued such as AvaProtect and AvaTradeGo the mobile app. However, I haven't seen many articles about copy trading in this broker. Is the service any good? What are the requirements to open a copy trading account? You see, aside from becoming a successful trader, I'm also planning to get additional income from copying other traders. I heard that it can be quite a good option to gain profit as long as the signal providers are profitable.
Dec 3 2023
Hey there! In AvaTrade, you can start copy trading using the AvaSocial copy trading app. The platform offers complete statistics of strategy providers along with their track record and success rates.
It is also worth noting that the broker collaborates with third party providers like DupliTrade and ZuluTrade to give you the best choices of automated trading packages.
In order to start, you simply need to download AvaSocial copy trading app or open the broker's website and open a new copy trading account. Then, choose the signal provider that you'd like to copy.
This is a crucial step so please take your time to analyze their past trades and behavior. Just keep in mind that copy trading is not free of risk. Even those who have been profitable for years could have their first losing week right after you become their follower, so choose carefully!
Dec 1 2023
As someone who's just starting to learn how to trade properly, I'm curious about everything that a broker can offer. I'm also in the process of finding the right company to invest in. Some people advised me to open accounts in multiple brokers, but I don't think I'm gonna do that (at least for now). I want to focus on one broker and manage my account the best I can. Perhaps one day, I'll open a new account in another broker to diversify my options and get more gains.
I'm currently looking for a broker that's beginner-friendly and offers smooth trading platforms. I don't really need advanced tools yet, but affordable fees are a must! Educational programs would be nice as well, but it's not mandatory as I can still find education elsewhere on the internet. Based on this list, do you think Avatrade is suitable for me?
Nov 4 2023
Every broker has its own pros and cons. It's great that you can compile everything you need in a list, so it makes it easier to select the right broker for you. Based on your description, I think AvaTrade is an excellent choice. The broker is generally suitable for any trader, but beginners can take advantage of several things:
Nov 7 2023
I have some comments to add about trading fees in AvaTrade. First of all, the minimum deposit amount is $100, but the broker recommends to start with one or two thousand. While this number is not the highest among other brokers, it's not necessarily low and affordable for small traders as well. The good news is that there are no deposit/withdrawal fees. However, keep your eyes peeled for conversion fees and additional charges from the payment provider. Second, there is an inactivity fee after 3 consecutive months of being non-active and the spreads are close to the industry average at 0.9 pips. That being said, the fees are not exactly the lowest in the market, but the rest of the services are worth considering. Hope this helps