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LIRUNEX , AvaTrade Broker Comparison

Do you want to know which is the better broker between LIRUNEX and AvaTrade ?

In the table below, you can compare the features of LIRUNEX , AvaTrade side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
7.92
Regulated
No guarantee
5-10 years
AMF,CYSEC,LFSA,CNMV
Supported
Supported
WebMoney,Moneybookers,PerfectMoney,UnionPay,cashU,Wire Transfer,Neteller,Debit Card,Paypal,Credit Card,Local Deposits,Skrill,Bitpay,AliPay,Multiple local methods,WeChat Pay
AA
AAA
309.8
66
71
66
1892
1892
1328
AA

EURUSD:-0.7

EURUSD:-2.9

13
1
13
A

EURUSD:20.19

XAUUSD:23.17

A

EURUSD: -7.67 ~ 5.17

XAUUSD: -43.53 ~ 24.43

AA
0.3
31.5
--
$200
1:2000
from 0.0
--
--
--
--
8.29
Regulated
No guarantee
15-20 years
ASIC,FSA,FFAJ,ADGM,CBI,FSCA,KNF
Supported
Supported
--
AA
D
841.7
300
302
300
1816
1816
1312
B

EURUSD:-0.2

EURUSD:2.6

11
-1
11
AA

EURUSD:8.3

XAUUSD:15.46

AAA

EURUSD: -2.53 ~ 0.34

XAUUSD: -5.67 ~ 2.72

AAA
0.1
24.8
--
--
--
--
--
--
--
--
--
--
--

Score
Regulatory Status
Regulated
Regulated

LIRUNEX 、 AvaTrade BrokerRelevant information

LIRUNEX 、 AvaTrade BrokerRelevant exposure

Which broker is more reliable?

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 lirunex, 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:

Forex broker introduction

lirunex
LIRUNEX Basic Information
Registered Country/Region Cyprus
Founded in N/A
Regulation CySEC, BDF, BaFin, LFSA, CNMV
Minimum deposit $500
Tradng Assets Forex, Spot Metals, Indices, Shares, Energy
Leverage Up to 1:500
Account types Standard, Prime and Pro accounts
Trading platform MetaTrader 4
Spreads From 0.4 pips (on EUR/USD)
Commission No commissions charged, only spreads
Demo account Yes
Account Base Currencies USD, EUR, GBP, CHF, JPY, AUD, CAD
Payment methods Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort,Webmoney,and more
Educational Free educational resources include ebooks, webinars, and video tutorials
Customer support Phone, email, live chat, online contact form and extensive FAQ section

General Information & Regulation

LIRUNEX is a retail forex and CFD broker that is registered in Cyprus and regulated by multiple regulatory authorities. The broker offers a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies, with competitive spreads and leverage up to 1:30 for forex trading.

LIRUNEX also offers multiple account types, namely Standard, Prime and Pro accounts and each with different minimum deposit requirements and features to cater to different trading styles and preferences. For example, the Standard account requires a minimum deposit of $500 or equivalent amount.

LIRUNEX's trading platform of choice is MetaTrader 4, which is available for both desktop and mobile devices. LIRUNEX supports various order types, including market orders, limit orders, stop orders, and trailing stop orders. Traders can also execute orders using the One-Click Trading feature on the MetaTrader 4 platform. In addition, LIRUNEX provides various educational resources and trading tools to assist traders in making informed decisions.

LIRUNEX offers customer support via several channels, including phone, email, as well as some social media platforms, and an online contact form. The customer support team is available 24/5 to assist traders with any queries or issues they may have. LIRUNEX's website also features a comprehensive FAQ section, which can be accessed from the “Support” tab on their website, providing answers to frequently asked questions on topics such as account opening, trading conditions, and platform features.

basic-information

Is LIRUNEX legit or a scam?

LIRUNEX has multiple entities that are regulated by various regulatory authorities, including CySEC, BDF, BaFin, LFSA, and CNMV. This means that LIRUNEX operates under strict guidelines and adheres to high levels of regulatory standards and consumer protection policies.

LIRUNEX LIMITED, is authorized and regulated by Federal Financial Supervisory Authority of Germany (BaFin) under regulatory license number 156748;

regulation

Lirunex Ltd, is authorized and regulated by Banque de France (BDF) under regulatory license number 83447;

regulation

Lirunex Ltd, is also authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 338/17;

regulation

Lirunex Limited is also authorized and regulated by the Labuan Financial Services Authority (LFSA) under regulatory license number MB/20/0050;

regulation

LIRUNEX LTD, is authorized and regulated by the Comisión Nacional del Mercado de valores (CNMA) under regulatory license number 4829;

Pros and Cons

LIRUNEX is a forex broker that offers traders competitive trading conditions, such as low spreads and high leverage. The broker provides free educational resources, including webinars, ebooks, and video tutorials, to help traders improve their trading skills. LIRUNEX also has a range of payment options available for its clients to use.

However, LIRUNEX also has some drawbacks. The broker has a limited asset offering, as it only offers Forex and CFDs. Additionally, the minimum deposit requirements are relatively higher compared to other brokers. LIRUNEX also only provides users with the option to trade via MetaTrader 4, limiting choices for experienced traders who may prefer other trading platforms. The demo account funding is only available to users registered in certain countries, while the broker's services are only available in certain jurisdictions and not to residents of the United States. Social trading features are also not available on the LIRUNEX trading platform.

Pros Cons
Multiple regulated entities Limited asset offering compared to some other brokers
Wide selection of trading instruments Minimum deposit requirements are relatively higher compared to other brokers
A range of educational resources, including webinars, ebooks, and video tutorials Trading is limited to MetaTrader 4
A variety of payment options Demo account funding is only available to users registered in certain countries
Multiple trading accounts to choose from Only available in certain jurisdictions (not available to residents of the United States)
A series of trading tools No social trading features are available
No 7/24 customer support

Market Instruments

LIRUNEX is a well-established online brokerage firm that caters to the needs of traders worldwide. It offers a comprehensive selection of market instruments to its clients, including Forex, Spot Metals, Indices, Shares, and Energy.

  • Forex: LIRUNEX offers a wide range of currency pairs for trading, including major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.

  • Spot Metals: LIRUNEX offers spot trading of precious metals such as gold and silver. Spot trading allows traders to buy and sell these metals at the current market price.

  • Indices: LIRUNEX offers trading on a variety of global stock indices, including the S&P 500 index, NASDAQ index, and the Dow Jones Index. Trading indices allows traders to speculate on the performance of a whole stock market, rather than just individual stocks.

  • Shares: LIRUNEX offers trading of stocks from various global markets, including the US, UK, Europe, and Asia. Trading on stocks allows traders to invest in well-known companies and earn profits based on their performance.

  • Energy: LIRUNEX offers trading of energy products such as crude oil and natural gas. Traders can benefit from price changes in energy markets, which are known for their high volatility.

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shares.png

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Account Types

LIRUNEX offers a range of account types to suit the needs of different traders. They have carefully crafted their account types to offer a tailored experience to traders based on their trading level, experience, and financial status. The account types offered by LIRUNEX are Standard, Prime, and Pro.

The Standard account requires a minimum deposit of $/€ 500 and is suitable for novice traders who are new to the market. This type of account offers basic trading conditions, including access to all trading instruments, customer support, educational resources, and trading tools.

The Prime account requires a higher minimum deposit of $/€ 2,000 and is targeted towards traders who have more experience in the market. This account type offers tighter spreads, lower commissions, and additional perks such as exclusive trading signals and faster withdrawals.

The Pro account is the top-tier account type offered by LIRUNEX and requires a minimum deposit of $/€ 10,000. This type of account is geared towards professional traders who require a higher level of trading conditions, including dedicated account managers, advanced trading tools, priority customer support, and lower commissions and favorable market conditions.

All account types offered by LIRUNEX come with negative balance protection, and the MetaTrader 4 trading platform. Additionally, traders can choose from different currency options, EUR or USD.

account-type.png
account-type2.png

How to open an account?

Opening an account with LIRUNEX is a straightforward process and can be completed in a few simple steps. Here is a step-by-step guide on how to open an account with LIRUNEX:

  1. Visit the LIRUNEX website and click on the “Register” button on the top right-hand corner.

  2. Fill in the registration form by providing accurate personal details, including your name, email address, and phone number.

  3. Select your preferred account type - Standard, Prime, or Pro - and choose your base currency.

  4. After filling in the form, you will receive an email to confirm your registration.

  5. Next, login to your LIRUNEX account and complete your account verification by uploading the necessary documents. The documents required for verification can be found on the website or by contacting customer support.

  6. Once your account is verified, you can fund your account by choosing a payment method that is convenient for you. LIRUNEX provides several payment options, including bank transfers, credit/debit cards, and e-wallets.

  7. After funding your account, you can begin trading by downloading the LIRUNEX trading platform or by using the web-based platform.

  8. LIRUNEX provides customers with 24/5 customer support to assist with any issues that may arise during the trading process.

Leverage

As per the regulations by ESMA, the default leverage for retail forex traders is set at a maximum of 1:30, while professional traders are allowed to trade with a higher leverage of up to 1:100.

Leverage refers to the amount of borrowing that a trader can use to open a position in the market. Higher leverage can increase potential profits, but it also comes with higher risk. Professional traders are considered to have a higher level of experience and knowledge of the financial markets, which is why they are often offered higher leverage options.

However, it's important to note that leverage should be used wisely, and traders should always consider the risks involved before trading with high leverage. It's also essential to have a risk management strategy in place to protect your investment in case of unfavourable market conditions.

leverage.png

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leverage 3.png

Spreads & Commissions

LIRUNEX offers a variety of trading account types to suit the needs of different traders. Each account type features different spreads and commission charges. Here, we will explain the available accounts and what they offer in terms of spreads and commissions.

The Standard Account is designed for those who are new to trading or who prefer lower costs. With this account, you can trade with floating spreads that start from 2 pips. The best part is that there are no commissions charged on trades. This account is ideal for beginners who want to start trading with a lower investment.

The Prime Account is designed for those who require tighter spreads and faster trade execution times. With this account, you can trade with floating spreads that start from 0.6 pips, which is significantly lower than the Standard Account. However, this account comes with a commission charge of $8 per lot traded. This account is suitable for traders who require faster trading speeds and lower spreads.

The Pro Account is designed for professional traders who require the tightest spreads possible and access to institutional-grade trading conditions. With this account, you can trade with spreads that start from 0.0 pips, which means that you can trade with almost no spreads! It is important to note that this account comes with a commission charge of $4 per lot traded. This account is ideal for high volume traders who require high-quality trading conditions.

spreads1.png
spreads2.png
spreads3.png

Non-Trading Fees

Apart from trading fees, LIRUNEX also charges some non-trading fees that traders should be aware of. Here are some of the non-trading fees charged by LIRUNEX:

  • Deposit Fees - While deposits with LIRUNEX are free of charge, some payment providers may charge you fees for depositing funds. It's important to check with your payment provider to see if they charge any fees.

  • Withdrawal Fees - LIRUNEX does not charge any withdrawal fees. However, the payment provider you use to withdraw funds may charge fees. LIRUNEX also waives the first withdrawal fee for its clients each month.

  • Inactivity Fees - If there has been no trading activity in your account for a period of 90 days, an inactivity fee of $50 will be charged for each subsequent month until the account is active again.

  • Conversion Fees - If you deposit funds in a currency different from the one in which your LIRUNEX account is denominated, you will be charged a conversion fee of 2% of the deposit amount. This fee is charged to cover the costs of converting the funds to your account currency.

  • Overnight Financing Fees - LIRUNEX charges overnight financing fees for positions that are held open overnight. These fees can be either positive or negative and depend on the instrument being traded.

Trading Platform

LIRUNEX provides MetaTrader 4 (MT4) trading platform for its clients. The MT4 platform is available in PC, iOS, and Android versions that allow traders to access their accounts and trade from anywhere, at any time.

MT4 is a well-known and widely-used trading platform globally, known for its user-friendly interface, advanced charting features, multiple order types, and the ability to support automated trading strategies like Expert Advisors (EAs). The platform also offers a vast array of technical analysis tools that traders can use to make informed decisions.

LIRUNEX provides a range of trading instruments through its MT4 platform, including forex, commodities, and indices. The platform also supports multiple account types, allowing traders to choose the one that suits their needs best.

trading-platform.png

Deposit & Withdrawal

LIRUNEX supports various payment methods for deposits and withdrawals, including Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort, and Webmoney. Deposits through most payment methods have a minimum deposit requirement of 50. However, the minimum deposit through global transfer is $300.

It is important to note that the processing time for withdrawals can vary depending on the payment method used. Withdrawal requests made through Visa and Mastercard can take up to 10 business days to process. This is due to the nature of these payment methods, which typically involve additional security checks and verification procedures to ensure that the funds are being transferred to the correct account.

deposit-withdrawal
deposit-withdrawal

Customer Support

LIRUNEX offers several channels of customer support to assist its traders. This includes:

  1. Email support, which is available 24/7 and allows traders to submit their questions or concerns to LIRUNEX's support team.

  2. Phone support, which is available during business hours and allows traders to speak to a support representative directly.

  3. A comprehensive FAQ section on LIRUNEX's website, which provides answers to common questions and concerns about trading with LIRUNEX.

  4. In addition to these channels of customer support, LIRUNEX also offers a personal account manager service for premium account holders, which provides dedicated assistance and support for their trading needs.

Educational Resources

LIRUNEX offers a range of educational resources to help traders improve their trading skills and knowledge in the Forex markets. Some of these resources include a beginner's guide, an economic calendar, trading strategies, market analysis, and informative articles.

These resources are designed to help traders understand the fundamental and technical analysis of the Forex markets, as well as to give them an overview of the trading tools and features available on the LIRUNEX platform. By using these resources, traders can better navigate the Forex markets, make more informed trading decisions, and ultimately, achieve their trading objectives.

Conclusion

In conclusion, LIRUNEX is a reputable forex broker that offers traders a range of benefits and drawbacks. Its competitive spreads, multiple account types make it an attractive option for traders looking to improve their skills and trading outcomes. However, its limited product offerings, lack of available US trading accounts, and potentially higher withdrawal fees for certain accounts may be disadvantages for some traders. Overall, LIRUNEX provides a secure and regulated trading environment and is worth considering for traders looking for a well-rounded forex broker. As always, traders are advised to conduct thorough due diligence and weigh their options before investing their funds.

FAQs

Q: What regulatory standards does LIRUNEX comply with?

A: LIRUNEX has multiple entities that are regulated by various regulatory authorities, including CySEC, BDF, BaFin, LFSA, and CNMV.

Q: What account types are available at LIRUNEX?

A: LIRUNEX offers three different account types, including Standard, Prime and Pro accounts. Each account type has different features, including minimum deposits, trading conditions, and access to additional tools.

Q: How can I fund my account with LIRUNEX?

A: LIRUNEX offers several different funding options, including Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort,Webmoney,and more.

Q: Does LIRUNEX offer educational resources?

A: Yes, LIRUNEX has a variety of educational resources available for traders of all skill levels, including webinars, video tutorials, eBooks, and more.

Q: How can I get in touch with customer support at LIRUNEX?

A: LIRUNEX customer support is available 24/7 via email, phone, or live chat.

Q: What trading platforms does LIRUNEX offer?

A: LIRUNEX offers two trading platforms, including the popular MetaTrader 4 (MT4) platform and the Lirunex Trader platform. Both platforms can be used on desktop.

ava-trade
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

Overview of Avatrade

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.

basic-info

Is Avatrade Legit or a scam?

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

regulation
regulation
regulation
regulation
regulation
regulation

Pros and Cons of Avatrade

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

Market Intruments

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.

products
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

Account Types

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

Demo Accounts

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.

How to open an account?

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.

open-account
  • 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.

open-account
  • 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.

Leverage

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.

Spreads & Commissions (Trading Fees)

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.

spread-commission
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

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.

Trading Platform

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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

trading-platform
trading-platform

Deposit & Withdrawal

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.

deposit-withdrawal

To withdraw funds from your Avatrade account, you need to follow these steps:

  1. Log in to your Avatrade account.

  2. Click on the “Withdraw Funds” tab located in the main menu.

  3. 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.

  4. Enter the amount you want to withdraw and any necessary payment details.

  5. Review and confirm the transaction details.

  6. 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.

Customer Support

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.

customer-support

Educational Resources

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.

educational-resources
educational-resources
educational-resources

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.

FAQs

  • 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.

Are the transaction costs and expenses of lirunex, ava-trade lower?

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 lirunex and ava-trade are, we first considered common fees for standard accounts. On lirunex, the average spread for the EUR/USD currency pair is from 0.0 pips, while on ava-trade the spread is --.

Which broker between lirunex, ava-trade is safer?

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.

lirunex is regulated by AMF,CYSEC,LFSA,CNMV. ava-trade is regulated by ASIC,FSA,FFAJ,ADGM,CBI,FSCA,KNF.

Which broker between lirunex, ava-trade provides better trading platform?

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.

lirunex provides trading platform including LX-Pro,LX-Prime,LX Standard and trading variety including --. ava-trade provides trading platform including -- and trading variety including --.

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