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Do you want to know which is the better broker between AGEA and AvaTrade ?
In the table below, you can compare the features of AGEA , AvaTrade side by side to determine the best fit for your needs.
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EURUSD:-0.8
EURUSD:-2
EURUSD:8.56
XAUUSD:25.61
EURUSD: -2.53 ~ 0.34
XAUUSD: -5.56 ~ 2.81
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of agea, ava-trade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Note: This company has been voluntarily dissolved.
Aspect | Information |
Company Name | AGEA |
Registered Country/Area | Montenegro |
Years | 5-10 years |
Regulation | Unregulated |
Market Instruments | CFD |
Account Types | Standard and Cent |
Minimum Deposit | USD 100 |
Maximum Leverage | 1:100 |
Trading Platforms | Streamster and MetaTrader 4 |
Customer Support | Live Support, Phone: +382 (20)664-320 and +382(20)664-320, and Email: support@agea.com |
Deposit & Withdrawal | Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods (Sofort Banking (Germany) and iDEAL (Netherlands)) |
Educational Resources | Latest News |
AGEA, a financial services company, has been operating in the trading industry for 5-10 years. Based in Montenegro, the company provides trading opportunities primarily through Contracts for Difference (CFDs). Despite its years in the industry, AGEA operates in an unregulated environment, meaning it may not be subject to oversight by financial regulatory authorities.
Traders can choose between two types of trading accounts: Standard and Cent. With a minimum deposit requirement of USD 100. The company offers a maximum leverage of 1:100.
AGEA provides traders with two trading platforms: Streamster and MetaTrader 4. Additionally, traders can access live support for real-time assistance with any inquiries or issues they may encounter.
In terms of funding options, AGEA supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).
For educational resources, AGEA provides the latest news to keep traders informed about market developments and trends.
AGEA operates as an unregulated trading platform. Unregulated financial institutions are not bound by the rules and regulations designed to protect consumers' interests. This leaves customers vulnerable to various risks such as fraud, mismanagement of funds, and unfair treatment.
Pros | Cons |
Experienced Institution | Unregulated |
Account Variety | Limited Educational Resources |
Low Minimum Deposit | Higher Risk |
Multiple Trading Platforms | Potential for Longer Dispute Resolution |
Different Deposit/Withdrawal Options | Limited Market Instruments |
Pros:
Experienced Institution: With 5-10 years of industry experience, AGEA brings a solid foundation and understanding of the trading landscape.
Account Variety: AGEA offers a variety of account types, including Standard and Cent accounts.
Low Minimum Deposit: The minimum deposit requirement of USD 100 makes trading accessible to individuals with varying capital sizes.
Multiple Trading Platforms: AGEA provides traders with a choice of trading platforms, including Streamster and MetaTrader 4.
Different Deposit/Withdrawal Options: AGEA supports various deposit and withdrawal methods, including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods, providing flexibility and convenience to traders.
Cons:
Unregulated: One significant drawback of AGEA is its unregulated status, consumer protection and the security of funds may be concerning.
Limited Educational Resources: AGEA may lack comprehensive educational resources to help traders improve their skills and knowledge, potentially hindering traders' ability to make informed decisions.
Higher Risk: The unregulated nature of AGEA introduces a higher level of risk for traders, as there may be fewer safeguards in place to ensure the stability and security of the financial institution.
Potential for Longer Dispute Resolution: Resolving disputes with AGEA may be more challenging and time-consuming due to the lack of regulatory oversight, leading to delays and frustrations for traders seeking resolution.
Limited Market Instruments: While AGEA offers CFD trading across various asset classes, it may have fewer market instruments compared to some other brokers, limiting trading opportunities for certain traders.
AGEA offers Contract for Difference (CFD) instruments as part of its market offerings. CFDs are derivative financial products that allow traders to speculate on the price movements of various underlying assets, without actually owning the assets themselves.
With CFDs, traders can take positions on a wide range of financial instruments, including currencies, indices, commodities, and cryptocurrencies. This flexibility enables traders to diversify their portfolios and capitalize on market opportunities across different asset classes.
AGEA offers two distinct account types: Standard and Cent.
For the Standard account, the minimum balance requirement is set at USD 100, ensuring accessibility for traders with varying capital levels. On the other hand, the Cent account presents a lower entry point with balances ranging from USD 6 to 5,000, ideal for those starting with smaller amounts.
Both account types share identical leverage options, ranging from 1:1 to 1:100, initially set at 1:100. This flexibility allows traders to adjust their positions relative to their capital, amplifying their potential gains or losses accordingly.
Neither account type imposes commissions, providing traders with a cost-effective trading environment. Additionally, trade sizes are consistent across both accounts, ranging from 1,000 to 100,000 units, enabling traders to execute trades according to their strategies and risk preferences.
Account Type | Standard | Cent |
Balance Limits | Minimum USD 100 | USD 6 - 5,000 |
Leverage | 1:1 - 1:100 (initially 1:100) | 1:1 - 1:100 (initially 1:100) |
Commissions | None | None |
Trade Sizes | 1,000 - 100,000 | 1,000 - 100,000 |
Opening an account with AGEA is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the AGEA website and click “Open Account.”
Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Fund your account: AGEA offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the AGEA trading platform and start making trades.
Withdrawal by Wire Fee - $10.00: This fee is applicable when you make a withdrawal transaction through bank wire transfer. We charge $10.00 for each withdrawal processed via wire transfer.
Withdrawal by Electronic Money Fee - $7.00: For withdrawals processed through non-wire processors, such as electronic money services, we charge a fee of $7.00 per transaction.
Inactivity Fee (SUSPENDED) - $30.00 per Month: Please note that the Inactivity Fee of $30.00 per month, which applies for each 1-month period without account activity, is currently suspended. We'll notify you in advance if there are any changes to this policy.
Streamster: Streamster is a user-friendly trading platform suitable for traders of all levels. Streamster stands out with its unique international multi-channel chat, allowing traders to discuss market trends and receive real-time customer support. It also seamlessly integrates live and virtual trading desks within a single account, ensuring consistency between demo and live trading experiences. With no balance limits or commissions, Streamster covers Crypto, Currency, Index, and Commodity CFDs, operating from Sunday 22:15 to Friday 21:00 GMT, and offers leverage ranging from 1:10 to 1:100.
MetaTrader 4 (MT4): MetaTrader 4 (MT4) is a customizable trading platform designed for proficient traders. It provides tools for price analysis, trade execution, and automated trading through Expert Advisors (EAs). MT4 offers various chart timeframes and built-in indicators for technical analysis. With its proprietary programming language, MQL4, traders can develop custom EAs tailored to their strategies. Supporting currency, index, and commodity CFDs, MT4 operates within the same trading hours as Streamster. Margin interest, execution types, and position limits vary between standard and cent accounts on MT4, providing flexibility for traders with different risk levels. Additionally, MT4 supports multiple account currencies, enhancing accessibility for global traders.
AGEA offers a range of deposit and withdrawal options including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods such as Sofort Banking (Germany) and iDEAL (Netherlands).
Bank Wire Transfer: Traders can securely transfer funds to and from their AGEA accounts using bank wire transfers, providing a traditional and reliable method for depositing and withdrawing funds.
Credit/Debit Cards: AGEA accepts major credit and debit cards, offering a convenient and widely used method for instant deposits and withdrawals, facilitating seamless transactions for traders.
E-wallets: Traders can utilize various e-wallet services to deposit and withdraw funds from their AGEA accounts, providing a fast, secure, and convenient payment solution for managing their trading accounts.
Local Payment Methods (Sofort Banking and iDEAL): AGEA supports local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).
Customer support at AGEA is comprehensive and easily accessible, ensuring traders receive assistance whenever needed.
Live Support: Traders can engage with AGEA's support team in real-time through the Live Support feature, allowing for immediate assistance with any inquiries or issues.
Phone Support: AGEA provides phone support through two contact numbers: +382 (20)664-320 and +382(20)664-320. Traders can directly reach out to speak with a representative for personalized assistance.
Email Support: For non-urgent inquiries or detailed requests, traders can contact AGEA's support team via email at support@agea.com. This allows for thorough communication and resolution of queries.
AGEA offers valuable educational resources through its Latest News section, keeping traders informed about important developments and events. This section provides updates on various company announcements and actions, including notices to shareholders, invitations to general meetings, updates on voluntary dissolution procedures, and more.
By staying updated with the Latest News, traders can gain insights into the company's operations, corporate decisions, and regulatory compliance. This information can help traders make informed decisions and stay ahead of market trends.
Here are some examples of educational resources provided by AGEA through its Latest News section:
Notice to Shareholders on the Payment of Dividends: Traders can learn about dividend payments and their impact on the company's financial performance.
Invitation to General Meetings: Traders can stay informed about upcoming general meetings and participate in discussions regarding company matters.
Update on Voluntary Dissolution: Traders can understand the implications of voluntary dissolution procedures and how they may affect the company's future operations.
In conclusion, AGEA has its ups and downs:
On the positive side, AGEA has solid experience in trading, offering various account types and a low minimum deposit of USD 100, making it accessible to traders.
But there are drawbacks to consider. AGEA operates without regulation, which might worry some traders about the safety of their funds. Plus, their educational resources are limited, which could affect traders' success. The lack of regulation also means there's more risk involved, and resolving disputes may take longer.
Question: What documents do I need to provide to verify my account?
Answer: To verify your account, you'll need to provide a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).
Question: What trading platforms does AGEA offer?
Answer: AGEA offers two main trading platforms: Streamster and MetaTrader 4 (MT4). Streamster is user-friendly and suitable for traders of all levels, while MT4 is more advanced and customizable, ideal for experienced traders.
Question: How can I deposit funds into my AGEA account?
Answer: You can deposit funds into your AGEA account using various methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking and iDEAL.
Question: What is the minimum deposit required to open an account?
Answer: The minimum deposit required to open an account with AGEA is USD 100. This ensures accessibility for traders with varying capital levels.
Question: Does AGEA offer educational resources for traders?
Answer: Yes, AGEA provides educational resources to help traders improve their skills and knowledge. These resources include articles, tutorials, webinars, and market analysis tools.
Question: How can I contact AGEA's customer support?
Answer: You can contact AGEA's customer support team through live chat, phone (+382 (20)664-320), or email (support@agea.com). Our support team is available to assist you with any inquiries or issues you may have.
AvaTrade | Basic Information |
Founded | 2006 |
Headquarters | Dublin, Ireland |
Regulation | ASIC, FSA, FFAJ, ADGM, CBI, FSCA, KNF |
Tradable Assets | Forex, CFD, stock, commodities, indices, futures, cryptocurrencies, options |
Demo Account | ✅ |
Leverage | Up to 1:30 (retail)/1:400 (professional) |
EUR/USD Spread | 0.9 pips |
Trading Platform | AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, DupliTrade |
Minimum Deposit | $100 |
Payment Method | MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto |
Customer Support | 24/7 - live chat, contact form, WhatsApp: +447520644093, phone (vary by the region) |
Educational Resources | Academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, trading webinars |
Avatrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, FSA, FFAJ, ADGM, CBI, FSCA, and KNF.
As a market maker broker, Avatrade offers a range of tradable assets including forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options. The broker provides clients with access to multiple trading platforms, including AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, and DupliTrade.
Avatrade requires a minimum deposit of $100 to open an account, and clients can choose from a variety of payment methods including MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto.
Customer support is available via live chat, phone, email, and a knowledge base. The broker also provides a range of educational resources for traders, including academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, trading webinars.
Avatrade is regulated by multiple financial regulatory authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), the Financial Futures Association of Japan (FFAJ), the Abu Dhabi Global Market of the United Arab Emirates (ADGM), the Central Bank of Ireland (CBI), the Financial Sector Conduct Authority of South Africa (FSCA), and the Polish Financial Supervision Authority of Poland (KNF). These regulatory bodies ensure that Avatrade operates with transparency, integrity, and in compliance with regulatory requirements.
When it comes to choosing a broker, it's important to carefully consider the pros and cons to determine which one is right for you. Some potential advantages of a broker may include competitive spreads, user-friendly trading platforms, and rich educational resources. Additionally, a regulated broker can provide peace of mind knowing that your funds are protected.
Pros | Cons |
Regulated by reputable financial authorities | Single account option |
Competitive spreads | |
Multiple trading platforms | |
Rich and Free educational resources | |
Access to advanced trading tools and features | |
Low to no slippage during high volatility | |
Automated trading allowed |
Avatrade offers a wide range of trading instruments across various markets, including Forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options.
When it comes to account types, Avatrade only offers a standard account. This means that all clients will have access to the same features and trading conditions, regardless of the size of their deposit.
The standard account provides access to all of Avatrade's trading instruments, including forex, stocks, commodities, and cryptocurrencies. This means that traders can diversify their portfolio and take advantage of different market conditions, all within the same account.
Avatrade has a minimum deposit requirement of $100, which is relatively low compared to other brokers in the industry. However, there are other brokers that have a lower minimum deposit requirement than Avatrade. For instance, Pepperstone and XM have a minimum deposit requirement of $0 and $5, respectively.
Avatrade offers demo accounts for traders who want to practice their trading skills or test out the trading platform without risking real money. The demo account allows traders to access the full range of trading instruments and features on the Avatrade platform using virtual funds. It is a useful tool for new traders to get familiar with the platform and for experienced traders to test new strategies before using them in live trading. The demo account is available for 21 days and can be renewed upon request.
When it comes to the process of opening an account with Avatrade, rest assured that it is one of the most streamlined and user-friendly experiences out there. Not only is the process simple and straightforward, but it is also designed to ensure that new traders can start their journey with ease.
Avatrade offers leverage of up to 1:400 for forex trading and up to 1:200 for other instruments such as commodities and indices. This means that traders can control a larger position with a smaller amount of capital. However, it's important to keep in mind that leverage can magnify both profits and losses, and traders should use it responsibly and with caution.
Avatrade also offers a range of leverage options for different account types, including 1:30 for retail clients in compliance with ESMA regulations and 1:400 for professional clients. It's important to note that professional clients must meet certain criteria to qualify for higher leverage.
Avatrade offers competitive spreads and charges no commission fees for trading on its platform. The spreads offered by Avatrade vary depending on the trading instrument and market conditions. For example, the typical spread for EUR/USD is 0.9 pips, while for GBP/USD, it is 1.5 pips. Spreads for other instruments, such as indices and commodities, also vary.
However, it's important to note that spreads can vary depending on market conditions and volatility. Additionally, Avatrade charges commissions on certain trading instruments such as CFDs, which can impact the overall cost of trading.
Non-trading fees are the fees that a broker charges for activities other than trading. These fees can significantly impact the profitability of a trader, and it's important to be aware of them when choosing a broker. Avatrade charges inactivity fee and administration fee. You can find detailed info in the table below:
Fee Type | Amount | Detail |
Inactivity Fee | $/€/£50 | Charged after 3 consecutive months of non-use (“Inactivity Period”) |
Administration Fee | $/€/£100 | Charged fter 12 consecutive months of non -use (“Annual Inactivity Period”) |
Avatrade offers a selection of trading platforms that are designed to meet the needs of different types of traders. Here are some of the trading platforms offered by Avatrade:
Avatrade accepts MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, and Boleto. The minimum deposit requirement is 100 USD, EUR, GBP or AUD. Deposit and withdrawal processing time very by the method you choose. You can find more detailed info in the screenshot below or directly visit this link: https://www.avatrade.com/about-avatrade/avatrade-withdrawals-deposits.
Avatrade offers customer support 24/7 through multiple channels, including live chat, contact form, WhatsApp: +447520644093, phone (vary by the region), and email. They also have a comprehensive FAQ section on their website, which covers a wide range of topics related to the platform and trading.
Avatrade offers a variety of educational resources to help traders improve their skills and knowledge. They have a comprehensive educational section on their website that includes a range of materials such as academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, etc. The video tutorials are easy to follow and cover a variety of topics, including trading platforms, technical analysis, and risk management. Avatrade also offers webinars that are conducted by experienced traders and cover a variety of topics. These webinars are interactive, allowing participants to ask questions and receive feedback from the presenter.
Avatrade is a well-established broker with a long history of providing trading services to traders worldwide. They offer a variety of trading instruments, including forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options, with competitive spreads and leverage options. Their trading platform is user-friendly and provides a range of advanced tools and features for traders of all skill levels. Additionally, they provide excellent customer support, educational resources, and a demo account for traders to practice their strategies. However, there are some downsides to consider, such as higher inactivity fees and limited account options.
Is Avatrade regulated?
Yes, Avatrade is regulated by multiple reputable authorities, including ASIC (Australia), FSA (Japan), FFAJ (Japan), ADGM (UAE), CBI (Ireland), FSCA (South Africa), and KNF (Poland).
Does Avatrade offer a demo account?
Yes, Avatrade offers a free demo account for traders to practice and test their strategies before trading with real money.
What is the minimum deposit requirement for Avatrade?
The minimum deposit requirement for Avatrade is $100.
What is the maximum leverage offered by Avatrade?
The maximum leverage offered by Avatrade is 1:400.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive agea and ava-trade are, we first considered common fees for standard accounts. On agea, the average spread for the EUR/USD currency pair is -- pips, while on ava-trade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
agea is regulated by --. ava-trade is regulated by ASIC,FSA,FFAJ,ADGM,CBI,FSCA,KNF.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
agea provides trading platform including -- and trading variety including --. ava-trade provides trading platform including -- and trading variety including --.