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Do you want to know which is the better broker between Veracity Markets and AvaTrade ?
In the table below, you can compare the features of Veracity 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 veracity-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.
Feature | Detail |
Registered Country/Region | South Africa |
Found | 2020 |
Regulation | unregulated |
Market Instrument | forex, indices, metals, commodities, and shares |
Account Type | Standard, Pro, and ECN |
Demo Account | yes |
Maximum Leverage | 1:500 |
Spread | Vary on the account type |
Commission | Vary on the account type |
Trading Platform | MT4 |
Minimum Deposit | $10 |
Deposit & Withdrawal Method | bank transfers, credit/debit cards, e-payments (Neteller, Skrill, Fasapay, etc) |
Founded in 2020, Veracity Markets is a broker operating in South Africa, offering trading services in derivatives, indices, metals, commodities, and shares. However, the broker raises suspicions as it lacks valid regulatory licenses, and the licenses it claims to hold are suspected to be clones. The WikiFX Score for Veracity Markets is low, primarily due to numerous customer complaints regarding withdrawal difficulties, severe slippage, technical issues, and premature trade closures. Customers express frustration with delays in fund withdrawals and cite blown accounts as a result of slippage and technical problems. The broker provides three account types with different features and specifications, including variable spreads and leverage of up to 1:500. Veracity Markets supports the popular MT4 trading platform and offers multiple contact options for customer support. However, the reviews on WikiFX highlight concerns and issues raised by customers, indicating a lack of trust and satisfaction with the broker's services.
Here is the home page of this brokers official site:
Veracity Markets is not regulated by any valid regulatory authority based on the information provided. The South Africa Financial Sector Conduct Authority (FSCA) license number (4701) claimed by Veracity Markets is suspected to be a clone, and the New Zealand Financial Service Providers Register (FSPR) license number (40983) is also suspected to be a clone. It is important to be cautious and aware of the potential risks associated with dealing with an unregulated broker.
When considering a brokerage like Veracity Markets, it is essential to evaluate its strengths and weaknesses. This overview presents the pros and cons of Veracity Markets based on available information and customer feedback. Understanding these aspects can help individuals make informed decisions about whether to engage with the platform. It is important to note that while Veracity Markets offers various market instruments, different account types, and the popular MT4 trading platform, there are concerns regarding its regulatory status, customer complaints related to withdrawals and technical issues, and mixed reviews from users. By examining these pros and cons, individuals can gain a better understanding of Veracity Markets' offerings and potential risks involved.
Pros | Cons |
Offers a variety of market instruments for trading | Not regulated by valid regulatory authorities |
Different account types available with varying features | Numerous customer complaints regarding withdrawals, slippage, and technical issues |
Maximum trading leverage of up to 1:500 | Suspicion surrounding the authenticity of regulatory licenses |
Provides the renowned MT4 trading platform | Limited transparency and credibility |
Multiple contact options for customer support | Mixed customer reviews highlighting dissatisfaction and trust issues |
Veracity Markets offers various market instruments for trading. Here are the types of market instruments available:
Derivative Trading: Veracity Markets provides the opportunity to engage in derivative trading. This involves trading contracts that derive their value from an underlying asset. Traders can trade over 38 major, minor, and exotic pairs.
Indices: Veracity Markets provides access to nine global indices. These indices represent a selection of stocks from various industries and regions, allowing traders to speculate on the overall performance of specific markets or sectors.
Metals: Traders can trade precious metals like gold, silver, platinum, and copper. These metals are known for their value and can serve as a hedge against inflation or economic uncertainty.
Commodities: Veracity Markets offers trading opportunities in commodities such as oil, gas, and agricultural products. Trading commodities allows investors to speculate on the price movements of these essential resources.
Shares: Veracity Markets provides access to a diverse range of over 150 shares. Traders can choose to invest in shares of different companies, allowing them to participate in the performance of specific industries or corporations.
Pros | Cons |
Wide range of market instruments available | Some market instruments are not available in all countries |
Spreads from 0 | Some fees are higher than at other brokers |
Advanced trading platform | Customer support can be slow to respond |
Good educational resources | Not all market instruments are suitable for all investors |
Apart from demo accounts, Veracity Markets also offers investors three different types of accounts, including Standard, Pro, and ECN accounts. The minimum deposit amount for all accounts is $250 or the currency equivalent amount.\
The Standard Account requires an initial deposit of $250 and offers floating spreads starting from 1.6 pips. There are no commissions charged, and the leverage provided is 1:500. Traders can trade with order volumes ranging from 0.01 to 250 lots. The account is compatible with Trading platforms and supports Expert Advisors. There is no maximum limit on the number of open positions, and the execution is done in the market. Additionally, a swap-free option is available for those who require it.
The Pro Account also requires an initial deposit of $250 and offers floating spreads starting from 2 pips. Like the Standard Account, there are no commissions charged, and the leverage provided is 1:500. Traders can trade with order volumes ranging from 0.01 to 250 lots. The Pro Account is compatible with Trading platforms and supports Expert Advisors. Similar to the Standard Account, there is no maximum limit on the number of open positions, and execution is done in the market. The account also provides a swap-free option for interested traders.
The ECN Account requires the same initial deposit of $250 and offers the advantage of floating spreads starting from 0.00 pips. However, a commission of $7 per lot is charged for FX and Metals trades. The leverage offered is 1:500, and traders can trade with order volumes ranging from 0.01 to 250 lots. The account is compatible with Trading platforms and supports Expert Advisors. There is no maximum limit on the number of open positions, and execution is done in the market. However, the swap-free option is not available for the ECN Account.
Pros | Cons |
Low initial deposit requirement | Floating spreads starting from 1.6 pips (Standard Account) |
No commissions charged | Limited spread competitiveness (Standard and Pro Account) |
High leverage (1:500) | No swap-free option for ECN Account |
Wide range of order volumes | Commission of $7 per lot for FX and Metals trades (ECN Account) |
Compatibility with Trading platforms and Expert Advisors | |
No maximum limit on the number of open positions |
In terms of trading leverage, the maximum trading leverage offered by Veracity Markets is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Veracity Markets offers different spreads and commissions based on the type of account. The Standard account features a floating spread starting from 1.6 pips, while the Pro account has a floating spread starting from 2 pips. The ECN account, on the other hand, offers a spread of 0.0 pips.
In terms of commissions, there are no commissions charged on the Standard and Pro accounts. However, for those with an ECN account, there is a commission of $7 per lot specifically for Forex and Metals trading.
Veracity Markets provides traders with the renowned MT4 trading platform. MT4 stands as the established benchmark for Forex trading, offering a trading interface that is straightforward to navigate, robust charting tools, and an extensive range of custom indicators to facilitate automated and EA trading. Alongside this, Veracity Markets grants traders the option to select from a variety of MT4 web, desktop, and mobile trading platforms.
Pros and Cons
Pros | Cons |
Renowned MT4 trading platform | No mention of alternative trading platforms |
Availability of MT4 web, desktop, and mobile trading platforms | |
Extensive range of custom indicators for automated and EA trading |
Deposit: Veracity Markets offers multiple options for traders to deposit funds into their accounts. These methods include bank transfers, credit/debit cards, and popular e-payment methods such as Neteller, Skrill, and Fasapay.
Withdrawal: The platform allows withdrawals to be made to local banks without any additional charges. However, for withdrawals using other methods like Skrill and Neteller, Veracity Markets applies a 2% fee on the total withdrawal amount. It's important for traders to take this fee into consideration when planning their withdrawals.
Pros | Cons |
Multiple payment methods | 2% fee for Skrill and Neteller withdrawals |
Bank transfers accepted | Charges apply for certain withdrawal methods |
Local bank withdrawals |
Clients can reach out to Veracity Markets through their website's “Contact Us” section, where they are required to provide their name, email address, phone number, and a message detailing their inquiry. By collecting these details, Veracity Markets ensures that they can respond promptly to customer requests.
For customers in South Africa, Veracity Markets provides multiple contact options. Clients can utilize the phone number +27 (0) 87 012 5545 or reach out to specific departments via email, such as help@veracitymarkets.com for general assistance, finance@veracitymarkets.com for financial inquiries, compliance@veracitymarkets.com for compliance-related matters, partners@veracitymarkets.com for partnership inquiries, and media@veracitymarkets.com for media-related queries.
Veracity Markets also offers two physical addresses in South Africa, located at 155 West Street, Sandown, Sandton, 2031, and 80 Strand Street, Cape Town, 8000. These addresses serve as additional points of contact, enabling clients to visit their offices if required.
The reviews on WikiFX regarding Veracity Markets highlight several concerns and issues raised by customers. Some customers express frustration regarding difficulties with withdrawals, stating that they were unable to withdraw their funds or faced delays in the withdrawal process. Others mention severe slippage and technical issues, resulting in account losses or blown accounts. There are also complaints about trades being closed prematurely and deposit-related problems. Overall, these reviews indicate a lack of trust and satisfaction with Veracity Markets' services, particularly regarding withdrawal processes, slippage, and technical issues.
In conclusion, Veracity Markets presents both advantages and disadvantages. On the positive side, they offer a range of market instruments for trading, including derivatives, indices, metals, commodities, and shares. They provide three different account types with various features and specifications, catering to different trading preferences. The maximum trading leverage of 1:500 offered by Veracity Markets is relatively high. They also support the popular MT4 trading platform, known for its user-friendly interface and robust charting tools. In terms of customer support, Veracity Markets offers multiple contact options and physical addresses for clients to reach out or visit if needed.
However, it is important to note that Veracity Markets is not regulated by any valid regulatory authority based on the information provided. The license numbers claimed by Veracity Markets from the South Africa Financial Sector Conduct Authority (FSCA) and the New Zealand Financial Service Providers Register (FSPR) are suspected to be clones, raising concerns about the legitimacy of the broker. Additionally, the reviews on WikiFX highlight customer complaints regarding difficulties with withdrawals, severe slippage, technical issues, premature trade closures, and deposit-related problems. These reviews suggest a lack of trust and satisfaction with Veracity Markets' services.
Q 1: | Is Veracity Markets regulated? |
A 1: | No. It has been verified that FSCA and FSPR licenses are both suspicious clones. |
Q 2: | At Veracity Markets, are there any regional restrictions for traders? |
A 2: | Yes. The information provided by Veracity Markets is not directed or intended for distribution to or use by residents of certain countries or jurisdictions including, but not limited to, the United Kingdom, Australia, Belgium, France, Iran, Japan, North Korea and the USA. |
Q 3: | Does Veracity Markets offer demo accounts? |
A 3: | Yes. |
Q 4: | Does Veracity Markets offer the industry-standard MT4 & MT5? |
A 4: | Yes. Veracity Markets supports MT4. |
Q 5: | What is the minimum deposit for Veracity Markets? |
A 5: | The minimum initial deposit with Veracity Markets is said to be just $10, but opening an account requires $250. |
Q 6: | Is Veracity Markets a good broker for beginners? |
A 6: | No. Veracity Markets is not a good choice for beginners. Though it advertises well, it lacks legitimate regulation. |
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 veracity-markets and ava-trade are, we first considered common fees for standard accounts. On veracity-markets, the average spread for the EUR/USD currency pair is from 0.00 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.
veracity-markets is regulated by FSCA,FSPR. 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.
veracity-markets provides trading platform including ECN ACCOUNT,Pro account,STANDARD ACCOUNT and trading variety including --. ava-trade provides trading platform including -- and trading variety including --.