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Do you want to know which is the better broker between Axi and AvaTrade ?
In the table below, you can compare the features of Axi , AvaTrade side by side to determine the best fit for your needs.
Long: -6.5
Short: 2.67
Long: -33.83
Short: 14.88
EURUSD: -0.1
XAUUSD: 1.1
Long: -2.53
Short: 0.34
Long: -6.89
Short: 0.93
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 axicorp, 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:
Axi's the real deal, all regulated, with a bunch of over 220 trading options, forex, CFDs for stocks, indices, commodities, and even cryptocurrencies – they're all on the menu. They start at a $0 deposit, offer competitive spreads from 0.0 pips on major currencies, and here is the cool part: using ECN execution for direct market orders. As for the platform, it's none other than the legendary MetaTrader 4. With a touch of pride, they claim to have served more than 600,000 traders across 100 countries. Want to see if Axi's trading environment lives up to its claims? Time for some exploration!
Taking a look at Axi, we spot its share of upsides and downsides. Let's start with the bright side, it's got the backing of multiple solid financial authorities, a bunch of instruments you can trade, and they let you practice with demo accounts. Plus, they've got this MT4 platform thing going and some handy tools to help you trade smarter. They even speak different languages for customer support, and moving money in and out is easy, with no extra charges from them.
Now, here's the catch: Axi only works with investors from Australia and New Zealand. And, well, there've been a few stories about people having trouble with their money or some shady stuff.
Pros | Cons |
• Multiple regulation, FCA, ASIC, FMA, DFSA | • Withdrawal problems occurred sometimes |
• Wide range of trading assets and tools | • Trading platform limited to MT4 |
• Multiple account types including demo and Islamic accounts | • No 24/7 customer support |
• No minimum deposit, $0 to start | |
• Flexible trading leverage up to 500:1 | |
• Competitive trading costs | |
• MT4 supported | |
• Various payment methods | |
• Free VPS for the Elite account | |
• Multilingual customer support | |
• Rich educational resources |
Axi Key 10 Points | |
Founded in | 2007 |
Registered Country | Australia |
Regulation | ASIC, FCA, FMA, DFSA |
Market Instruments | Forex, Shares, Indices, Commodities, Cryptocurrencies |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 0.4 pips |
Trading Platforms | MT4, MT4 webtrader |
Minimum deposit | $0 |
Customer Support | 24/5 multilingual live chat, phone, email |
Axi (formerly AxiTrader) was founded in 2007 in Sydney, Australia, and has since expanded its presence to include offices in other regions, including Europe and the Middle East. AxiTrader welcomes all kinds of traders. If you're new and want to start without spending much, the $0 minimum deposit and easy platform are great. If you're more experienced, you'll like the many options to trade, good spreads, and quick execution. And for those inclined towards advanced features, Axi's ECN system and MetaTrader 4 platform are a notable combination.
Considering the pivotal aspect for brokers, that is regulation, it's indeed comforting to note that AxiTrader is under the oversight of regulatory bodies from four distinct nations. Among them, the UK's FCA and Australia's ASIC stand out as internationally acknowledged tier-1 regulatory authorities.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | Axi FINANCIAL SERVICES PTY LTD | Market Making (MM) | 318232 | |
FCA | Axi Financial Services (UK) Limited | Market Making (MM) | 466201 | |
FMA | Axi FINANCIAL SERVICES PTY LTD | Straight Through processing (STP) | 518226 | |
DFSA | Axi Financial Services Pty Ltd | Retail Forex | F003742 |
Advancing further, let's undertake a more detailed exploration of the regulatory licenses secured by Axi.
Axi's Australian entity, Axi FINANCIAL SERVICES PTY LTD, is regulated by ASIC under regulatory license number 318232, holding a license for Market Making (MM).
Notably, this license's credibility gains support from WikiFX's investigators. They physically traveled to the institution's registered address for thorough verification. At Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia, they found a functioning office, confirming the broker's operational status and significant scale. Behold, an image capturing the tangible office space of this company.
In addition to being regulated by ASIC, this entity is also regulated by the FMA in New Zealand, with regulatory number 518226, holding a license for Straight Through processing (STP).
Now, let's examine the third license. Axi's UK branch, known as Axi Financial Services (UK) Limited, is overseen by the FCA and has been granted regulatory license number 466201. This license permits them to engage in Market Making (MM) activities as well.
Lastly, Axi also follows regulations from the DFSA in the United Arab Emirates under regulatory number F003742, authorized for Retail Forex activities.
Trading Assets | Available |
Forex | |
Shares | |
Indices | |
Commodities | |
Cryptocurrencies | |
ETFS | |
Stocks | |
Options |
Axi (formerly AxiTrader) gives you access to about 220 trading choices across 5 categories: forex, shares, indices, commodities, and cryptocurrencies. Yet, there are also other popular picks for trading, like ETFs, stocks, and options.
AxiTrader offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. The Standard Account has no setup cost and starts with spreads from 0.9 pips. The Pro Account tightens those spreads to 0.0 pips with a $7 round trip commission, while the Elite Account, designed for advanced traders, features 0.0 pips spreads and a reduced $3.50 round trip commission. All accounts support trading from 0.01 lots, mobile trading, and include MT4 NexGen. Leverage reaches up to 500:1, and you can choose base currencies among AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. For the Elite Account, a minimum deposit of USD 25,000 is required.
Standard Account | Pro Account | Elite Account | |
Setup cost | Free | ||
Spreads | From 0.4 pips | From 0.0 pips | |
Commission | None | $7 round trip | $3.50 round trip |
Minimum Trade Size | 0.01 lots | ||
Minimum deposit | $0 | $0 | $25,000 |
Products | 140+ FX pairs, Metals CFDs | ||
Pricing | 5 digit pricing | ||
Mobile trading | Yes | ||
MT4 NexGen | |||
Margin/Leverage | Up to 30:1 for Retail Clients | Up to 400:1 | |
Base account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD | |
EA compatibility | Yes | ||
VPS | Free | ||
Autochartist | |||
myfxbook Autotrade | |||
Suitable for | All clients | Wholesale & Professional clients only |
Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:
Practice Trading: You get $50,000 in virtual money to practice trading however you like.
Personal Support: You'll have a dedicated Account Manager and support available 24/5 to help you.
Real-Time Info: You can see live spreads on the popular trading platform, MT4.
Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.
Switch to Real: When you're ready, you can turn your demo account into a real one by funding it.
Currency Options: You can choose your account's base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.
However, base currency cannot be changed once created.
Lastly, they even offer special Islamic trading accounts for Muslim traders that follow Shariah law.
The leverage offered by AxiTrader is capped at 500:1. This means that traders can open positions with a much larger amount than their initial investment. However, high leverage can also lead to significant losses if the trade does not go as expected. Traders should exercise caution and use proper risk management strategies when trading with high leverage. Axi provides educational resources and tools to help traders understand the risks associated with leverage and how to manage them effectively.
Broker | Maximum Leverage | Notes |
Axi | Up to 500:1 | Consistent maximum leverage across different accounts |
Exness | 1:2 to 1:Unlimited | Leverage varies based on account type and trading volume |
IC Markets | Up to 500:1 | Similar maximum leverage to Axi |
Avatrade | Up to 400:1 | Leverage depends on instrument and regulatory requirements |
Spreads and commissions with Axi are scaled with the accounts offered. Specifically, the spread starts from 0.4 pips on the Standard account, and 0.0 pips on the Pro and Elite account.
As for the commission, there is no commission on the Standard account, a commission of $7 round trip on the Pro account, and $3.5 round trip on the Elite account.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
AxiCorp | 0.4 pips | No |
Admiral Markets | 0.5 pips | No |
LiteForex | 0.9 pips | No |
FxPrimus | 0.2 pips | $10 per lot RT |
Note: Spread and commission information is subject to change, and the above table reflects the data available at the time of writing. Please always check with the broker for the most up-to-date information.
Axi offers traders the popular MetaTrader 4 (MT4) platform for desktop, mobile, and web. MT4 is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.
Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.
Overall, the availability of MT4 on multiple devices and the option to use EAs makes it a popular choice among traders.
Available Devices | PC, Mac, Mobile ( OS and Android) |
Language | English |
Scalping | |
Hedging | |
Automated Trading | |
One-click Execution | |
Web-based Trading | |
Mobile Trading | |
MT5 | |
cTrader | |
Proprietary Platform |
There are a range of trading tools designed to enhance the trading experience for its clients. These include Myfxbook Autotrade, which allows traders to follow and copy the trades of successful traders, MT4 signals which provide real-time trade ideas and analysis, MT4 VPS hosting which offers a dedicated virtual private server to ensure optimal performance and minimal downtime.
Additionally, the broker offers a suite of calculators to help traders with their risk management and trade analysis, such as Profit/Loss Calculator, Pip calculator, and Currency converter. These trading tools can be very helpful for traders to better understand their trades and manage their risk effectively.
AxiCorp | Most Other Brokers | |
Minimum Deposit | $0 | $100 |
AxiTrader stands out from other brokers as they don't require any money to start trading. Here's why it matters:
Easy Access: With no minimum deposit, anyone can join and trade. You don't need a lot of money upfront.
Less Risk: Starting with $0 means you're not risking much. It's great for beginners or anyone cautious about investing.
You Decide: You're in control. You can put in as much as you're comfortable with.
No Pressure: You don't feel pushed to deposit a certain amount. It's more relaxed and beginner-friendly.
Learn and Experiment: You can try different strategies and learn without needing a big investment upfront.
Axi welcomes traders to fund their accounts through the following payment methods: credit/debit cards, POLi and Bank Transfers, Skrill, Neteller, Fasapay, POLi, Cryptos, with no fees charged by Axi for any payment method. However, traders should be aware that some international banking institutions may charge fees for transfers, for which Axi accepts no responsibility.
Please also note that payments to Axi via credit/debit cards may be viewed as a cash advance by some banks, potentially incurring additional fees. Deposits made via credit/debit cards and POLi are processed instantly, while bank transfer deposits and withdrawals can take 1-3 business days to be processed.
Payment Methods | Currencies | Minimum Deposit | Minimum Withdrawal | Fee | Time |
AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD | 5 USD | N/A | Free* | Instant | |
AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD | 5 USD | N/A | Free* | Instant | |
CAD, EUR, GBP,PLN, USD | 5 USD | 5 USD | Free* | Instant | |
AUD, CAD, CHF, EUR, GBP,HKD, JPY, NZD, SGD, USD | N/A | 50 USD | Free | 1-3 days | |
AED, CAD, EUR, GBP,INR, USD | 5 EUR | 5 USD | Free | 1-3 days | |
Vary depending on countries | Free | 1-3 days | |||
IDR, USD | 5 EUR | 5 USD | Free | 1-3 days | |
N/A | 30 USD | 50 USD | Free | 1-3 days | |
N/A | 30 USD | 50 USD | Free | 1-3 days | |
BRL | 50 BRL | N/A | Free | Up to 12hrs | |
AUD | 5 AUD | N/A | Free | Instant |
Remember, these fees can change and might be different based on how you're making the payment. To stay updated, it's a smart move to reach out to the broker and get the most recent fee details before you decide to deposit or withdraw any funds.
Axi's customer service is comprehensive and available 24/5 in multiple languages, with live chat, phone, email, WhatsApp, and a help center. This means that clients can easily get in touch with the Axi support team whenever they need assistance or have any questions. The availability of multiple communication channels ensures that clients can choose the most convenient way to contact support.
Additionally, the Help Center offers a range of resources and frequently asked questions that can help clients find answers to their questions quickly and efficiently.
Overall, Axi's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/5 multilingual live chat support | • No 24/7 support |
• Help Center available | • No social networks |
• Customer service representatives are knowledgeable and friendly |
Axi makes learning easy with a variety of educational resources. If you're using the MT4 platform, their step-by-step video tutorials are there to guide you. They also offer Free eBooks, covering everything from basics to advanced topics. Stay updated on market trends through the Axi Blog, which features expert insights and daily analysis. For structured learning, the Axi Academy provides courses on forex, technical analysis, and risk management. If you're diving into cryptocurrencies, the Crypto Glossary will help you grasp the terms.
Educational Contents | Offered |
MT4 Video Tutorials | |
eBooks | |
Blog | |
Axi Academy | |
Crypto Glossary | |
Trading Glossary | |
Webinars |
All things considered, Axi is a well-regulated and reputable broker that offers a wide range of markets and instruments for trading, including forex, shares, indices, commodities, and cryptocurrencies. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders.
However, there have been reports of issues with withdrawals and scams. Overall, Axi is a good choice for experienced traders (Australian and New Zealand residents only) who are looking for a diverse range of trading opportunities and who prioritize a broker's reputation and regulation.
Q1: Is AxiCorp regulated?
A1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC).
Q2: Does Axi accept US investors?
A2: No, Axi does not accept US investors.
Q3: Does AxiCorp offer demo accounts?
A3: Yes, demo accounts are available.
Q4: Does Axi offer the industry-standard MT4 & MT5?
A4: Yes. Axi only supports MT4.
Q5: What is the minimum deposit for AxiCorp?
A5: There is no minimum initial deposit requirement.
Q6: Is AxiCorp a good broker for beginners?
A6: Yes. AxiCorp is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement and competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
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 axicorp and ava-trade are, we first considered common fees for standard accounts. On axicorp, the average spread for the EUR/USD currency pair is 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.
axicorp is regulated by ASIC,FCA,FMA,DFSA. ava-trade is regulated by ASIC,FSA,FFAJ,ADGM,CBI,FSCA,ISA,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.
axicorp provides trading platform including Standard Account,Professional Account,专业账户 and trading variety including --. ava-trade provides trading platform including -- and trading variety including --.