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Do you want to know which is the better broker between IFC Markets and AvaTrade ?
In the table below, you can compare the features of IFC Markets , AvaTrade side by side to determine the best fit for your needs.
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EURUSD:-0.2
EURUSD:2.6
EURUSD:8.3
XAUUSD:15.46
EURUSD: -2.53 ~ 0.34
XAUUSD: -5.67 ~ 2.72
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 ifc-markets, 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:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
IFC Markets Review Summary in 10 Points | |
Founded | 2006 |
Registered Country/Region | Cyprus |
Regulation | CYSEC (exceeded), FSC (offshore regulatory), LFSA (suspicious clone) |
Market Instruments | Currency Pairs, Precious Metals, Continuous Index CFDs, Stock CFDs, and Cryptocurrency CFD |
Demo Account | Available |
Leverage | 1:400 |
EUR/USD Spread | Fixed (from 1.8) and Floating (from 0.4) Spreads |
Trading Platforms | NetTradeX, MT4, MT5 |
Minimum deposit | $1 |
Customer Support | 24/7 multilingual live chat, phone, email |
IFC Markets is an international online broker that provides a wide range of financial instruments and trading services to clients worldwide. The company offers various trading instruments, including currency pairs, commodities, indices, stocks, and cryptocurrencies through multiple trading platforms, including NetTradeX, MetaTrader 4, and MetaTrader 5. However, IFC Markets operates as an unregulated broker, and traders should exercise caution and conduct thorough research before engaging in any trading activities.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
IFC Markets offers a wide range of trading instruments, multiple trading platforms, and educational resources, providing traders with flexibility and opportunities for learning. The availability of various deposit and withdrawal methods, as well as 24/7 customer support, adds convenience for traders.
However, the lack of regulation raises concerns about investor protection and the reported instances of scams and withdrawal issues highlight potential risks. The limited information on spreads and commissions may also make it difficult for traders to assess trading costs accurately.
Pros | Cons |
• Wide range of trading instruments | • Operates as an unregulated broker |
• Multiple trading platforms | • United States, BVI, Japan and Russian residents are excluded |
• Demo accounts and Islamic Accounts/SWAP-free accounts available | • Reports of scams and withdrawal issues |
• Various deposit and withdrawal methods | • Limited information available about specific spreads and commissions |
• Rich educational resources | |
• Multilingual customer support available 24/7 |
Please note that the information provided is based on the available data and may not reflect the complete picture of the pros and cons of IFC Markets. It's always recommended to conduct thorough research and exercise caution when choosing a broker for trading activities.
There are many alternative brokers to IFC Markets depending on the specific needs and preferences of the trader. Some popular options include:
Trading 212 - for traders seeking a user-friendly platform with a wide range of tradable instruments and a commission-free trading model.
TrioMarkets - for experienced traders looking for competitive spreads, multiple account types, and access to various trading platforms.
XGLOBAL Markets - for traders who prioritize competitive pricing, fast execution, and a diverse range of financial instruments for trading.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
IFC Markets is a forex and CFD broker that holds licenses from various regulatory authorities, including CySEC (Cyprus Securities and Exchange Commission), FSC (British Virgin Islands Financial Services Commission), and LFSA (Labuan Financial Services Authority). However, the CySEC license is exceeded, the FSC license is from an offshore jurisdiction, and the LFSA license is a suspicious clone.
It's important to note that having multiple licenses does not necessarily guarantee the safety or legitimacy of a broker. Traders should exercise caution when dealing with brokers that have offshore licenses or licenses from less reputable jurisdictions. It's recommended to conduct thorough research, consider the broker's reputation, and carefully assess the risks before engaging in any trading activities.
IFC Markets provides a wide range of trading instruments to cater to the diverse needs of its clients. Traders can access over 650 instruments, including currency pairs, precious metals like gold and silver, continuous index CFDs, stock CFDs, and cryptocurrency CFDs.
Currency pairs offer opportunities to trade major, minor, and exotic pairs, allowing traders to participate in the global forex market. Precious metals provide an alternative investment option and a hedge against inflation. Continuous index CFDs enable traders to speculate on the performance of popular stock indices, while stock CFDs allow for trading on the price movements of individual company shares. Additionally, the inclusion of cryptocurrency CFDs allows traders to gain exposure to the volatile and rapidly evolving digital asset market.
To meet different types of investors' investment needs and trading experience, IFC Markets offers two live account types. The Beginner account is designed for novice traders and requires a minimum deposit of 1 USD, 1 EUR, or 100 JPY. This account type provides access to a range of trading instruments and features, allowing beginners to start their trading journey with a smaller initial investment.
The Standard account, on the other hand, is suitable for more experienced traders and requires a minimum deposit of 1000 USD, 1000 EUR, or 100,000 JPY. It offers additional benefits and features, including access to more trading instruments, tighter spreads, and personalized customer support.
In addition to live accounts, IFC Markets also offers demo accounts for practice and testing strategies, as well as Islamic Accounts/SWAP-free accounts for clients who adhere to Islamic finance principles. These account options provide flexibility and cater to the diverse needs of traders at different skill levels.
IFC Markets provides its clients with leverage options of up to 1:400. Leverage allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:400, traders can amplify their potential profits or losses by 400 times. While leverage can enhance trading opportunities, it is important to note that it also carries higher risks. Higher leverage increases the potential for both gains and losses, and traders should exercise caution and employ risk management strategies when utilizing leverage.
IFC Markets' offering of high leverage provides traders with the flexibility to adjust their trading strategies and access a larger market exposure, but it is crucial for traders to have a thorough understanding of leverage and its implications before engaging in leveraged trading activities.
IFC Markets offers competitive spreads to its clients. Traders have the option to choose between fixed spreads and floating spreads. The fixed spreads start from 1.8 pips, providing traders with a clear and consistent cost of trading. On the other hand, the floating spreads start from as low as 0.4 pips, allowing traders to potentially benefit from tighter spreads during periods of market volatility or when liquidity is high.
One advantage of trading with IFC Markets is that they do not charge any hidden commissions on trades. This means that traders can have greater transparency and clarity regarding their trading costs. By offering competitive spreads and transparent fee structures, IFC Markets aims to provide traders with a cost-effective trading environment.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
IFC Markets | fixed spreads from 1.8 pips and floating spreads from 0.4 pips | no hidden commissions |
Trading 212 | from 0.9 pips | $0 |
TrioMarkets | from 0.0 pips | $7 per lot round turn |
XGLOBAL Markets | from 0.1 pips | $0 |
Please note that spreads and commissions can vary depending on market conditions, account type, and trading platform. It is always advisable to check with the broker directly for the most accurate and up-to-date information regarding spreads and commissions.
IFC Markets offers traders NetTradeX, the market-leading MT4 and MT5 trading platforms. Both MT4 and MT5 are the most popular forex trading platforms on the market, and both support iOS, Android, and tablet versions, allowing traders to trade flexibly. NetTradeX is IFC Markets' proprietary trading platform, offering a user-friendly interface and a range of advanced trading tools. It is designed to cater to the needs of both beginner and experienced traders.
MT4 and MT5, on the other hand, are popular and widely used platforms in the industry. They offer comprehensive charting capabilities, advanced order management tools, and a wide range of technical indicators and expert advisors for automated trading.
The availability of multiple platforms allows traders to choose the one that best suits their trading preferences and strategies.
See the trading platform comparison table below:
Broker | Trading Platform |
IFC Markets | NetTradeX, MetaTrader 4, MetaTrader 5 |
Trading 212 | Trading 212 |
TrioMarkets | MetaTrader 4, MetaTrader 5, cTrader |
XGLOBAL Markets | MetaTrader 4, MetaTrader 5, XGLOBAL Mobile Trader |
Please note that this information is subject to change, and it's always recommended to verify the availability of specific trading platforms with the respective brokers directly.
IFC Markets offers a diverse range of deposit and withdrawal options to cater to the needs of its clients. Traders can choose from various methods such as International Bank Transfer, bank cards (Visa/MasterCard), Pasargad Novin, Cryptocurrencies, TopChange, Perfect Money, Boleto, Bitwallet, WebMoney, ADVCash, and Fasapay.
IFC Markets | Most other | |
Minimum Deposit | $1 | $100 |
The minimum deposit and withdrawal amounts, fees, and processing times may vary depending on the chosen method. It is recommended to refer to the provided screenshots or consult the IFC Markets website for detailed information on each payment option.
IFC Markets is committed to providing comprehensive customer support to assist its clients. With 24/7 availability, traders can reach out to the support team through various channels, including 19 languages live chat, phone, email, Skype, WhatsApp, Telegram, Messenger, or by requesting a callback. This wide range of communication options ensures that clients can choose the method that is most convenient for them.
Additionally, IFC Markets maintains an active presence on popular social media platforms such as Twitter, Facebook, Instagram, YouTube, and LinkedIn, allowing clients to stay updated on the latest news and developments. Furthermore, an FAQ section is available on the website, providing answers to frequently asked questions and assisting traders in finding quick solutions to common queries.
Overall, IFC Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• Multiple communication channels | N/A |
• 24/7 multilingual customer support availability | |
• Live chat support | |
• Social media presence and interaction |
IFC Markets places great emphasis on providing educational resources to support traders of all skill levels. Their educational offerings include a variety of materials designed to enhance traders' knowledge and skills. Video tutorials are available, offering step-by-step guidance on various trading topics. Additionally, Forex and CFD trading books provide in-depth information and insights into market analysis, trading strategies, and risk management.
Traders can also benefit from the Trader's Glossary, which contains a comprehensive list of terms and definitions commonly used in the financial markets. For those who seek a more structured learning experience, the IFCM Trading Academy offers courses tailored to different levels of expertise, including beginner, intermediate, and expert.
On our website, you can see that some reports of scams and unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
In conclusion, IFC Markets offers a diverse range of trading instruments, multiple trading platforms, and educational resources, providing traders with opportunities for growth and flexibility. The availability of various deposit and withdrawal methods, along with responsive customer support, adds convenience to the trading experience.
However, the lack of regulatory licenses and reports of scams and withdrawal issues raise concerns about the safety and reliability of the broker. Traders should carefully evaluate the risks associated with trading on an unregulated platform and consider alternative options with stronger regulatory oversight.
Q 1: | Is IFC Markets regulated? |
A 1: | No. The CYSEC license is exceeded, the FSC license is offshore regulatory, and the LFSA license is a suspicious clone. |
Q 2: | At IFC Markets, are there any regional restrictions for traders? |
A 2: | Yes. It does not provide services for United States, BVI, Japan and Russian residents. |
Q 3: | Does IFC Markets offer demo accounts? |
A 3: | Yes. |
Q 4: | Does IFC Markets offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports NetTradeX, MT4 and MT5. |
Q 5: | What is the minimum deposit for IFC Markets? |
A 5: | The minimum initial deposit to open an account is 1 USD | 1 EUR | 100 JPY. |
Q 6: | Is IFC Markets a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. Though it advertises well, dont forget the truth that IFC Markets is unregulated. |
AvaTrade | Basic Information |
Founded | 2006 |
Headquarters | Dublin, Ireland |
Regulation | ASIC, CBI, FSA, FSCA, FSC, CBI, FFAJ |
Type of Broker | Market Maker |
Minimum Deposit | $100 |
Tradable Assets | Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies |
Leverage | 1:30 (for retail clients), 1:400 (for professional accounts) |
Min. Spreads | 0.9 pips on the EUR/USD pair |
Trading Platforms | AvaTradeGO, MT4, MT5, WebTrader, AvaOptions, DupliTrade |
Mobile Trading | Yes |
Payment Methods | Credit/Debit Card, Bank Transfer, E-wallets, Rapid Transfer |
Customer Support | Live Chat, Phone, Email, Knowledge Base |
Educational Material | Webinars, E-books, Trading Videos, Articles, Academy |
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, CBI, FSA, FSCA, FSC, CBI, FFAJ.
As a market maker broker, Avatrade offers a range of tradable assets including forex, CFDs, stocks, indices, commodities, and cryptocurrencies. The broker provides clients with access to multiple trading platforms, including AvaTradeGO, MT4, MT5, WebTrader, AvaOptions, and DupliTrade. Mobile trading is also available.
Avatrade requires a minimum deposit of $100 to open an account, and clients can choose from a variety of payment methods including credit/debit card, bank transfer, e-wallets, and Rapid Transfer.
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 webinars, e-books, trading videos, and articles.
Avatrade is regulated by multiple financial regulatory authorities, including the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the Financial Services Commission (FSC) of the British Virgin Islands, and the Financial Services Authority (FSA) and The Financial Futures Association of Japan (FFAJ). These regulatory bodies ensure that Avatrade operates with transparency, integrity, and in compliance with regulatory requirements.
Ava Capital Markets Australia Pty Ltd - authorized by ASIC (Australia) registration no. 406684
AVA Trade EU Ltd - authorized by Central Bank of Ireland (CBI)
Ava Capital Markets Pty Ltd - authorized by FSCA (South Africa) registration no. 45984
Ava Trade Japan K.K. - authorized by FSA (Japan) registration no. 2010401081157 and FFAJ registration no. 1574
Ava Trade Middle East Ltd - authorized by FRSA (Abu Dhabi Global Markets) registration no. 190018
AVA Trade EU Limited - authorized by the Financial Conduct Authority (FCA), holding a license of European Authorized Representative (EEA), registration no. 504072
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 fees and spreads, a user-friendly platform, and a wide range of deposit and withdrawal options. Additionally, a regulated broker can provide peace of mind knowing that your funds are protected.
However, there may also be potential downsides to consider, such as limited trading instruments, customer support options, and research tools. A high minimum deposit requirement and limited bonus offers may also be a drawback for some traders.
Pros | Cons |
Regulated by reputable financial authorities | Avatrade's minimum deposit requirements are relatively high compared to other brokers, which may make it difficult for some traders to get started. |
Competitive spreads and fees | Limited bonus and promotional offers |
Multiple trading platforms | No online chat supported |
Wide range of deposit and withdrawal options | Limited trading instruments |
Acceptable minimum deposit | Limited customer support options |
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, stocks, commodities, cryptocurrencies, spread betting, FX OPtions. Here's a breakdown of the market instruments available:
Forex: Avatrade offers more than 50 currency pairs, including major, minor, and exotic pairs.
Stocks: Traders can trade stocks from major global exchanges, such as NASDAQ, NYSE, LSE, and more.
Commodities: Avatrade offers trading in precious metals like gold and silver, energy commodities like oil and gas, and agricultural commodities like wheat and coffee.
Cryptocurrencies: This broker offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as lesser-known coins like Dash, Monero, and NEO.
Indices: Avatrade provides access to major indices, including the S&P 500, NASDAQ, FTSE 100, and more.
FX options allow traders to take advantage of currency movements while limiting their risk. With FX options, traders can set a specific strike price at which they want to buy or sell a currency pair, and the option will be exercised only if the market reaches that price. This allows traders to potentially profit from market movements while limiting their potential losses.
Spread betting is a tax-free way to speculate on the direction of various financial markets, including forex, commodities, and indices. With spread betting, traders can bet on whether the market will rise or fall and potentially profit from both upward and downward movements.
Pros | Cons |
Wide range of instruments including forex, stocks, commodities, and cryptocurrencies | No trading in futures or options |
Trading available in CFDs, spread betting, and options | Spread betting only available for UK and Irish residents |
Access to FX options for forex traders | Limited leverage on certain instruments |
Competitive spreads on major forex pairs | Overnight fees on positions held past market hours |
No commission fees on trades | Limited availability of certain instruments during non-market hours |
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. For example, brokers like IG and Saxo Bank have a minimum deposit requirement of $300 and $10,000, respectively. 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.
Pros | Cons |
Low minimum deposit requirement of $100 | Only offers one account type (Standard Account) |
Negative balance protection for all accounts | Limited account funding options |
Wide range of payment methods available | Inactivity fee charged after 12 months of no trading |
No commission charges on trades | Limited customization options for account settings |
Access to a wide range of trading instruments | No Islamic accounts available for Muslim traders |
Dedicated account manager for high depositors | Limited educational resources for beginner traders |
Demo Accounts Available | Demo accounts valid for 21 days only |
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.
First, you need to visit the Avatrade website and click on the “Register” button, which is prominently displayed on the homepage.
Then, you will then be taken to a registration form where you will need to provide your personal information, such as your name, email address, and phone number. You will also need to create a password and select your account currency.
After filling out the registration form, you will need to verify your identity by submitting a copy of your government-issued ID and a recent utility bill or bank statement. This is a standard requirement for all regulated brokers and is done to ensure the security and integrity of the trading platform.
Once your account is verified, you can fund your account using one of the many payment options available, such as credit/debit card, bank transfer, or electronic wallets like Neteller or Skrill. After funding your account, you can download the Avatrade trading platform or use the web-based version to start trading.
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.
Overall, Avatrade's leverage offerings are competitive with other brokers in the industry and can provide traders with greater trading opportunities. However, traders should always consider their risk management strategies and use leverage responsibly.
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. Traders should compare the spreads and commission rates of Avatrade with other brokers to determine if it meets their trading needs and preferences.
Pros | Cons |
Competitive spreads on major currency pairs such as EUR/USD | Wide spreads on some exotic currency pairs |
Fixed spreads available on certain account types | Higher spreads on CFDs compared to some other brokers |
No commission fees charged on trades | Overnight and weekend rollover fees charged on positions held for more than 1 day |
No deposit or withdrawal fees | Inactivity fee charged after 12 months of no trading activity |
No hidden fees | Minimum deposit of $100 may be considered high for some traders |
Non-trading fees are the fees that a broker charges for activities other than trading, such as deposit and withdrawal fees, inactivity fees, and account closure fees. These fees can significantly impact the profitability of a trader, and it's important to be aware of them when choosing a broker.
Avatrade has several non-trading fees that traders should be aware of. Here's a breakdown of the fees:
Fee type | Amount | Description |
Deposit fee | Free | Avatrade does not charge any fees for deposits. |
Withdrawal fee | $25-$50 | The withdrawal fee depends on the payment method used. |
Inactivity fee | $50 per quarter | Charged if there is no trading activity for three months. |
Account closure fee | Free | Avatrade does not charge a fee for closing an account. |
Overall, Avatrade's non-trading fees are reasonable compared to other brokers in the industry. The deposit fee is free, which is a significant advantage, but the withdrawal fee can be relatively high, depending on the payment method used. The inactivity fee is also something to keep in mind, as it can add up quickly if there is no trading activity. However, it's important to note that the inactivity fee is only charged after 12 months of inactivity, which is longer than some other brokers.
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:
AvatradeGO: This is a mobile app that is available on both iOS and Android platforms. It allows traders to access their accounts and trade on the go.
MT4: Avatrade offers the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its user-friendly interface, advanced charting tools, and a range of custom indicators and expert advisors.
MT5: Avatrade also offers the MetaTrader 5 (MT5) platform, which is the successor to MT4. MT5 has several new features, including more advanced charting tools, a wider range of order types, and improved back-testing capabilities.
WebTrader: Avatrade's WebTrader platform allows traders to access their accounts and trade directly from their web browser. The platform is easy to use and offers a range of trading tools and indicators.
AvaOptions: This is Avatrade's platform for trading options. It offers a range of options trading tools, including risk management tools, and a range of customizable trading strategies.
Avatrade offers a variety of deposit and withdrawal options to its clients. The methods available may vary depending on the client's location and the currency used.
Deposit options include bank wire transfer, credit/debit card, Neteller, Skrill, WebMoney, and others. The processing time for deposits is usually instant or up to one business day.
Withdrawal options include bank wire transfer, credit/debit card, Neteller, Skrill, WebMoney, and others. Withdrawals usually take 1-2 business days to process.
Avatrade does not charge any deposit or withdrawal fees, but clients may incur fees from their payment provider or bank.
To withdraw funds from your Avatrade account, you need to follow these steps:
Log in to your Avatrade account.
Click on the “Withdraw Funds” tab located in the main menu.
Choose your preferred withdrawal method from the list of available options, such as bank wire, credit card, or electronic payment systems like Skrill or Neteller.
Enter the amount you want to withdraw and any necessary payment details.
Review and confirm the transaction details.
Submit your withdrawal request.
It's important to note that Avatrade requires you to withdraw funds using the same payment method that you used to deposit funds into your account. The processing time for withdrawals varies depending on the payment method, but Avatrade strives to process all withdrawal requests within 24 hours.
Avatrade offers customer support through multiple channels, including live chat, phone support, email, and an online contact form. They have customer support available in multiple languages, including English, Spanish, French, German, Italian, Portuguese, Arabic, and Chinese.
Their customer support team is available 24/5, meaning that they are available Monday through Friday to help with any questions or concerns that traders may have. They also have a comprehensive FAQ section on their website, which covers a wide range of topics related to the platform and trading.
Avatrade's customer support has received positive reviews for their responsiveness and helpfulness. They also offer free educational resources to help traders improve their skills and knowledge.
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 e-books, video tutorials, webinars, and trading courses.
The e-books cover a range of topics, from basic trading concepts to advanced strategies. 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. Additionally, they offer a range of trading courses for beginners, intermediate and advanced traders.
Conclusion
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, commodities, and cryptocurrencies, 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 non-trading fees and limited account options.
Q: Is Avatrade regulated?
A: Yes, Avatrade is regulated by multiple reputable authorities, including the Central Bank of Ireland, the Financial Services Commission in the British Virgin Islands, and the Australian Securities and Investments Commission.
Q: Does Avatrade offer a demo account?
A: Yes, Avatrade offers a free demo account for traders to practice and test their strategies before trading with real money.
Q: What is the minimum deposit requirement for Avatrade?
A: The minimum deposit requirement for Avatrade is $100.
Q: What trading instruments are available on Avatrade's platform?
A: Avatrade offers a wide range of trading instruments including forex, stocks, commodities, indices, cryptocurrencies, and more.
Q: What is the maximum leverage offered by Avatrade?
A: The maximum leverage offered by Avatrade is 1:400.
Q: Does Avatrade charge any trading fees?
A: Yes, Avatrade charges spreads and commissions on certain trading instruments.
Q: What deposit and withdrawal methods are available on Avatrade's platform?
A: Avatrade offers a variety of deposit and withdrawal methods including credit/debit cards, bank transfers, and e-wallets such as PayPal, Skrill, and Neteller.
Q: Does Avatrade provide educational resources for traders?
A: Yes, Avatrade provides a range of educational resources including webinars, e-books, trading courses, and more.
Q: What kind of customer support does Avatrade offer?
A: Avatrade offers 24/5 customer support through phone, email, as well as an extensive FAQ section on their website.
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 ifc-markets and ava-trade are, we first considered common fees for standard accounts. On ifc-markets, the average spread for the EUR/USD currency pair is From 0.4 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.
ifc-markets is regulated by CYSEC,FSC,LFSA. 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.
ifc-markets provides trading platform including Master-Floating,Demo-Floating,Micro-Floating,Standard-Floating ,Master-Fixed,Demo-Fixed,Micro-Fixed,Standard-Fixed,Demo-Fixed & Floating,Beginner-Fixed & Floating,Standard-Fixed & Floating and trading variety including --. ava-trade provides trading platform including -- and trading variety including --.