There are no account management fees at AvaTrade, and deposits and withdrawals are also entirely free. However, the inactivity fee is quite costly at $50 per quarter after only 3 straight months of inactivity. Furthermore, 12 months of consecutive inactivity will result in an administration fee of $100. AvaTrade is one of the best, largest, and most reputable brokers in the world, and for good reason.
- The CFD can be used for short and long trades and start with as little as USD 100 with a leverage of up to 20x.
- In the sections below, you will find the most relevant fees of AvaTrade for each asset class.
- CFDs include a basic selection of commodities and bonds while shares and ETF offerings are dominated by highly liquid US big tech stocks.
- It also offers automated trading, with the all-new MQL5 coding language.
AvaTrade accommodates to traders of all levels and further ensures secured trading with advanced encryption and fully segregated accounts. AvaTrade is regulated across eight jurisdictions and was recently awarded the 2020’s Most Regulated Broker Award by one of the world’s leading business publications- The European. No account management fees, free deposits and withdrawals also mean traders https://www.cmcmarkets.com/en/learn-forex/what-is-forex don’t need to worry about any excess costs when trading at this Irish broker. With a low deposit minimum, again, casual traders can actually have a legitimate go at trading. However, those low fees are about average when it comes to the industry standard for forex trading and some investors may find the majority of the trading platforms to be limited and become reliant on MT5.
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Similarly to the web platform, the mobile app also offers the AvaProtect insurance feature. Beyond the usual mobile functions such as search or alerts, even education videos and customer support chat are available right inside the app. The fee structure is very transparent and trading costs are easy to calculate.
However, if fee levels for forex pairs are your most important consideration, then there may be better alternatives. https://en.wikipedia.org/wiki/Foreign_exchange_market Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
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The inactivity fee will be deducted from the customer’s trading account. Account opening requires a minimum deposit of $100 if the deposit is made through credit card or wire transfer. The minimum opening balance depends on the base currency of a client’s deposit.
AvaTrade has a dedicated website called “The Sharp Trader,” which provides all information a trader may need for trading. At the time of writing, much banking information was absent from the AvaTrade webpage. The minimum deposit is £/$/€ 100 and deposits are actually a touch slow when compared to almost any other broker. A credit card deposit takes 4-5 hours to clear into your trading account, while most brokers would be instant. You’ll really struggle to find another broker that offers so many trading platforms as AvaTrade. This broker leverages both third-party and in-house technology to offer 6 different trading platforms. Our review of AvaTrade revealed 4 different platforms developed by AvaTrade in the form of a web trader, mobile trader, AvaOptions for CFD options trading, and AvaSocial for copy trading.