AvaTrade Review [ZA]: Is This Forex & CFD Trading App Safe?



It has been determined that AvaTrade is excellent for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research. To get more news about avatrade review, you can visit wikifx.com official website.

Similar to most other CFD/Forex brokers, creating an account is simple and quick:

Enter some essential personal info (you can use your existing profiles on Facebook or Google as a shortcut)

Fill in employment details, savings, and income status information.

People will be required to answer a few questions designed to evaluate their trading experience, expertise, and objectives.

They will need to upload a copy of their identification card, driver's license, or passport, as well as a recent utility bill or bank statement to confirm their identity and address.
The breadth of markets offered by AvaTrade depends on the trading platform that users select and which of the company's global organizations manages the account. AvaTrade offers 1,260 symbols (available in MT5) and nearly the same number is available on WebTrader, though a few hundred of these symbols are currently unavailable.

Mobile trading apps
The mobile experience given by AvaTrade's proprietary apps will satisfy the majority of traders (beginners included). However, they are not quite as complicated as the mobile apps offered by industry leaders. However, AvaTrade continues to advance in this sector and offers a comprehensive array of applications.

Apps summary: AvaTrade offers its own mobile platforms, AvaOptions and AvaTradeGO, in addition to the entire MetaTrader suite for iOS and Android smartphones.

The AvaTradeGo app provides a robust default set of syncing watchlists as well as a volatility protection tool known as AvaProtect. AvaProtect enables a trader to lessen the risk on an open position by partially hedging it with a forex option for an additional fee.

Charting: The AvaTradeGo app's charts have 93 indicators, but accessing them requires numerous steps. However, there are no sketching tools and only three chart types available for selection. Trading Central offers integrated research and related capabilities similar to those found on the web platform. AvaTrade's mobile charts are nice, but there is space for improvement.

AvaOptions: The AvaOptions app is well-designed and displays option-chain data in a novel manner. AvaTrade superimposes strike prices onto a chart, enabling traders to alter the strike price by simply moving it up or down. There are also fourteen default options-trading strategies, and picking one will load the order ticket with the corresponding options contracts. The entire app experience is presented in landscape orientation, requiring users to handle their phone like a game controller.

Other trading platforms
AvaTrade provides a vast selection of copy trading platform solutions.

AvaTrade offers two trademarked platforms (AvaOptions and AvaTrade WebTrader), DupliTrade, ZuluTrade, and the complete MetaTrader suite.

Charting: The WebTrader platform from AvaTrade offers 90 indicators, 13 drawing tools, 10 time frames, and three chart formats for its charts.

AvaTrade's proprietary WebTrader trading platform includes a well-designed, snappy interface. In addition, Trading Central's trading tools are immediately incorporated into the site. Although warnings are exclusive to the mobile version, AvaProtect is available on both devices.

Copy trading: AvaTrade's consistent expansion and improvement of its copy trading product has enabled it to compete with market leaders. AvaTrade provides ZuluTrade, DupliTrade, and MetaTrader's native Signals market. AvaTrade has launched AvaSocial in the United Kingdom as part of its relationship with Pelican Exchange.