AvaTrade Review 2023: Published by Traders Union

By
May 23, 2023

Founded in 2006 in Dublin, AvaTrade is a trusted broker with over 300,000 users and offices in 10 countries. Regulated by ASIC, FSA, and FSCA, they offer 1,200+ tools for trading stocks, cryptocurrencies, and more.

Traders Union conducted an extensive review of AvaTrade, providing traders with valuable insights to navigate the trading landscape. The assessment equips traders with the knowledge to make informed decisions.

AvaTrade pros and cons

Traders Union concisely summarizes the pros and cons of trading with AvaTrade.

Pros

  • Wide range of trading instruments
  • Licensed to provide services across 5 continents
  • 24/7 customer service in 14 languages
  • Multiple convenient trading platforms to choose from
  • Ability to trade from mobile devices
  • Islamic account option available (swap-free)
  • Customer funds are stored in segregated accounts for security
  • Option for automated trading with trading advisors and analysis tools
  • No trade restrictions or limitations on scalping
  • Availability of training materials and webinars for traders of all levels

Cons

  • The user interface of the website is not very user-friendly
  • Customer service may have issues with efficiency and response time
  • Trading terminals have occasional freezing incidents

Expert review of AvaTrade

Traders Union acknowledges AvaTrade as a dependable partner consistently delivering for its clients. The broker’s reliability, high-quality service, and favorable trading conditions are frequently praised in customer reviews. While some users express dissatisfaction with occasional delays in fund withdrawals, the competent customer service team efficiently resolves such issues by providing optimal solutions. These users also highlight that AvaTrade ultimately transfers the required funds in full despite the difficulties.

Without exception, all users emphasize that AvaTrade offers one of the widest selections of assets and analytical tools, enabling automated trading. Additionally, the broker’s benefits include minimal commissions, low spreads, and swift order execution, as confirmed by numerous satisfied customers. AvaTrade prioritizes security by storing clients’ funds in segregated accounts and maintaining accreditation from regulatory bodies in the EU, Japan, Australia, South Africa, and the British Virgin Islands. Fulfilling all legal obligations with these regulators solidifies AvaTrade as one of the most trustworthy companies regularly featured in lists of top brokers.

Analysis of the main features of the Forex broker

Traders Union rates AvaTrade based on various criteria:

  • Overall score: 7.44/10
  • Execution of orders: 7.86/10
  • Investment instruments: 7.5/10
  • Withdrawal speed: 7.8/10
  • Customer Support work: 7.28/10
  • Variety of tools: 8.02/10
  • Trading platform: Not specified

Is AvaTrade safe? An honest review

According to Traders Union, AvaTrade demonstrates a strong commitment as a broker to ensure clients’ funds’ safety. They achieve this through measures like compliance with WebTrust, utilization of McAfee Secure, negative balance protection, and segregation of client funds. These security features collectively contribute to establishing AvaTrade as a secure platform for investors. And there is more:

  • Regulation by reputable financial authorities, ensuring adherence to strict standards
  • Implementation of advanced encryption technology to safeguard sensitive client information
  • Regular audits and financial reporting to maintain transparency and accountability
  • Segregation of client funds in top-tier banks for added security
  • Established track record and positive reviews from satisfied customers, indicating a trustworthy reputation

These additional reasons further reinforce the safety of AvaTrade as a broker, highlighting their regulatory compliance, robust security measures, financial transparency, and positive customer feedback.

Conclusion

In conclusion, the comprehensive review highlights AvaTrade as a broker that prioritizes the safety and security of clients’ funds. With compliance with WebTrust, utilization of McAfee Secure, negative balance protection, and segregation of client funds, AvaTrade establishes itself as a secure platform for investors. Additionally, its regulation by reputable authorities, implementation of advanced encryption technology, regular audits, and cheerful customer reviews further solidify its commitment to maintaining a safe trading environment. Traders can confidently trust AvaTrade, knowing that their investments are in reliable hands. For more info, visit the Traders Union website.