CFA Franc Forex Trading Accounts
Scam Forex Brokers in Ivory Coast
Overall, AvaTrade can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. AvaTrade offers an easy-to-use social copy trading platform with excellent customer support. AvaTrade offers Ivory Coast traders a single live trading account with the option between Retail and Professional. AvaTrade has a trust score of 93 out of 99.
| 👨⚖️ Order Execution | 4/5 |
| 💸 Commissions and Fees | 5/5 |
| 📈 Range of Markets | 5/5 |
| 📉 Variety of Markets | 5/5 |
| 💳 Withdrawal Speed | 3/5 |
| ☎️ Customer Support | 5/5 |
| 💹 Trading Platform | 5/5 |
| ✏️ Education | 5/5 |
| 📖 Research | 4/5 |
| ⚖️ Regulation | 5/5 |
| 📱 Mobile Trading | 5/5 |
| 💯 Trust Score | 93% |
AvaTrade Review – Analysis of Brokers’s Main Features
- ☑️ AvaTrade Overview
- ☑️ AvaTrade Detailed Summary
- ☑️ AvaTrade – Advantages over Competitors
- ☑️ Who will Benefit from Trading with AvaTrade?
- ☑️ AvaTrade Safety and Security
- ☑️ AvaTrade Bonus Offers and Promotions
- ☑️ AvaTrade Affiliate Program Features
- ☑️ AvaTrade Account Types and Features
- ☑️ AvaTrade Base Account Currencies and Basic Order Types
- ☑️ AvaTrade – Slippage and Requote Policy
- ☑️ How to Open and Close an AvaTrade Account
- ☑️ AvaTrade Trading Platforms
- ☑️ Which Markets Can You Trade with AvaTrade?
- ☑️ AvaTrade Fees, Spreads, and Commissions
- ☑️ AvaTrade Deposits and Withdrawals
- ☑️ AvaTrade Education and Research
- ☑️ AvaTrade Customer Support
- ☑️ AvaTrade VPS Review
- ☑️ AvaTrade Corporate Social Responsibility
- ☑️ AvaTrade Trading Signals
- ☑️ AvaTrade Cashback Rebates Features and Conditions
- ☑️ AvaTrade Web Traffic Report
- ☑️ AvaTrade Geographic Reach and Limitations
- ☑️ AvaTrade vs IG vs BDSwiss – A Comparison
- ☑️ AvaTrade Alternatives
- ☑️ AvaTrade Awards and Recognition
- ☑️ Recommendations according to our in-depth review of AvaTrade
- ☑️ AvaTrade Customer Reviews
- ☑️ Pros and Cons of Trading with AvaTrade
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
AvaTrade Overview
AvaTrade is a well-known broker in the financial trading industry, with a comprehensive suite of features tailored to meet the needs of traders from the Ivory Coast. The low minimum deposit requirement is one of the standout features, making it accessible to traders with varying capital levels.
In particular, the broker has a $5 minimum deposit for its Micro and Standard accounts, making it an appealing option for those new to trading or with limited funds.
AvaTrade offers a variety of account types to accommodate different trading styles and requirements. The broker provides three types of accounts: Micro, Standard, and AvaTrade Ultra Low, each with its features and benefits.
These accounts provide trading volume flexibility, with leverage options ranging from 1:10 to 1:1000 depending on the account type and the financial instrument being traded.
In addition to these basic features, AvaTrade has several distinguishing characteristics that set it apart from its competitors. For example, the broker offers a robust educational platform with webinars, seminars, and educational materials geared toward novice and experienced traders.
This emphasis on education is especially beneficial for Ivorian traders who want to improve their trading skills and knowledge. Furthermore, AvaTrade is well-known for its transparent pricing model, which includes competitive spreads and commissions, lowering its trading costs.
AvaTrade Detailed Summary
| 📌 Headquartered | Dublin, Ireland |
| 🌎 Global Offices | Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE |
| 📝 Local Market Regulator in Ivory Coast | Banking Commission of the West African Economic Monetary Union (WAEMU) |
| ℹ️ Foreign Direct Investment in Ivory Coast | 1.4 billion USD (2021) |
| 💳 Foreign Exchange Reserves in Ivory Coast | 2.5 million USD (April 2024) |
| 🏪 Local office in Yamoussoukro | None |
| 👤 Governor of SEC in Ivory Coast | None |
| 🤝 Accepts Ivory Coast Traders? | ✅ Yes |
| 📆 Year Founded | 2006 |
| ☎️ Ivory Coast Office Contact Number | None |
| 📱 Social Media Platforms | Twitter YouTube |
| 📈 Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📉 Tier-1 Licenses | Central Bank of Ireland (CBI) Australian Securities and Investment Commission (ASIC) Japanese Financial Services Authority (JFSA) Financial Futures Association of Japan (FFAJ) Investment Industry Regulatory Organization of Canada (IIROC) through Friedberg Mercantile |
| 📊 Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA) Israel Securities Authority (ISA) Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FRSA) Polish Financial Supervision Authority (KNF) |
| 🚩 Tier-3 Licenses | British Virgin Islands Financial Service Commission (BVI FSC) |
| ⚙️ License Number | Ireland (C53877) Australia (406684) South Africa (45984) British Virgin Islands (SIBA/L/13/1049) Japan (JFSA 1662, FFAJ 1574) Abu Dhabi (190018) Cyprus (247/17) Israel (514666577) Poland (693023) Canada (Friedberg Mercantile) |
| 💳 Banking Commission of WAEMU Regulation | None |
| ❌ Regional Restrictions | United States, Belgium, Syria, Iran, New Zealand, Cuba |
| 📝 Islamic Account | ✅ Yes |
| ⚠️ Demo Account | ✅ Yes |
| 📍 Non-expiring Demo | None |
| ⏱️ Demo Duration | 21 days |
| ↘️ Retail Investor Accounts | 1 |
| 🖇️ PAMM Accounts | MAM Accounts |
| 📒 Liquidity Providers | Currenex and other bank and non-bank entities |
| 👩👧👧 Affiliate Program | ✅ Yes |
| 👨⚖️ Order Execution | Instant |
| 🗂️ OCO Orders | None |
| 🌐 One-Click Trading | ✅ Yes |
| 🔴 Scalping | ✅ Yes |
| ✏️ Hedging | ✅ Yes |
| 👥 Expert Advisors | ✅ Yes |
| 📰 News Trading | ✅ Yes |
| 🔖 Trading API | ✅ Yes |
| 🏷️ Starting spread | 0.9 pips EUR/USD |
| 💸 Minimum Commission per Trade | None, only the spread is charged |
| ☑️ Decimal Pricing | 5th decimal pricing after the comma |
| 📖 Margin Call | 50% on Retail 25% on AvaOptions Accounts |
| 🛑 Stop-Out | 10% |
| ⌛ Minimum Trade Size | 0.01 lots |
| 🔍 Maximum Trade Size | Unlimited |
| 🖥️ Crypto trading offered? | ✅ Yes |
| 💴 Offers a XAF Account? | None |
| 👤 Dedicated Ivory Coast Account Manager? | None |
| 📈 Maximum Leverage | 1:30 (Retail) 1:400 (Pro) |
| 📊 Leverage Restrictions? | Yes, based on trading experience |
| 💶 Minimum Deposit (XAF) | 61,000 XAF ($100) |
| 💰 Deposit Currencies | AUD, USD, GBP, EUR, CHF, JPY, ZAR |
| ✔️ Are XAF Deposits Allowed? | None |
| 💸 Account Base Currency | ZAR, USD, GBP, or AUD |
| 📝 Active Ivory Coast Trader Stats | Unknown |
| 👩👧👧 Active AvaTrade customers | 400,000+ |
| 👥 Active AvaTrade customers in Ivory Coast | Unknown |
| 🗂️ Ivory Coast Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
| 💳 Deposit and Withdrawal Options | Wire Transfer Electronic Payment Gateways Credit Cards Debit Cards |
| ⏱️ Minimum Withdrawal Time | 24 to 48 Hours |
| ⏰ Maximum Estimated Withdrawal Time | Up to 10 days |
| 💷 Instant Deposits and Instant Withdrawals? | None |
| 📖 Segregated Accounts? | ✅ Yes |
| ❎ Segregated Accounts in Ivory Coast? | None |
| 🛎️ Trading Platforms | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| ⏲️ Trading Platform Time | GMT |
| 🧐 Observe DST Change | ✅ Yes |
| 📒 DST Change Time zone | Eastern Standard Time (EST) |
| ⚫ Tradable Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 📬 AvaTrade USD/XAF Forex Pair? | None |
| ✒️ Are local Stocks and CFDs offered? | None |
| 💹 Languages supported on the Website | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others |
| 👩👧👧 Customer Support Languages | Multilingual |
| 📝 Copy Trading Support | ✅ Yes |
| 🕰️ Customer Service Hours | 24/5 |
| ☎️ Customer Support in Ivory Coast? | None |
| 💸 Bonuses and Promotions for Traders? | ✅ Yes |
| ✏️ Education for beginners | ✅ Yes |
| 🏪 Proprietary trading software | ✅ Yes |
| 💯 Most Successful Ivory Coast Trader | Unknown |
| ✅ Is AvaTrade a safe broker for traders? | ✅ Yes |
| 📉 Rating for AvaTrade in Ivory Coast | 9/10 |
| ⚠️ Trust score for AvaTrade in Ivory Coast | 93% |
AvaTrade – Advantages over Competitors
AvaTrade has the following notable advantages over competitors:
- ✅ AvaTrade’s account opening procedure is fully digital and quick. This makes it convenient and accessible for users who wish to begin trading quickly and effectively.
- ✅ AvaTrade provides a variety of free deposit and withdrawal options. This provides an advantage over competitors who may charge for similar services.
- ✅ AvaTrade recognizes the significance of mobile trading and can compete effectively in this area. The company offers a competitive mobile trading experience, allowing traders to access their accounts and execute trades on the go conveniently.
- ✅ AvaTrade provides a variety of user-friendly and diverse research and education tools. This can be especially advantageous for users seeking to expand their trading knowledge and strategies.
- ✅ AvaTrade excels at copy trading, enabling traders to replicate the trades of successful investors. In terms of providing a valuable social trading experience, this feature puts AvaTrade ahead of its competitors.
- ✅ AvaTrade’s dedication to professional traders is evident, as the company is ranked Best in Class for Professional Traders in 2022.
- ✅ AvaTrade has formed a strategic partnership with the Aston Martin Formula 1 Team, which may provide its users with exclusive advantages and opportunities.
- ✅ AvaTrade distinguishes itself by providing proprietary platforms such as AvaTrade WebTrader and AvaTradeGO. These platforms incorporate innovative features, such as the notable AvaProtect, providing traders with greater value than competitors.
Finally, AvaTrade is regulated in several regions, including Ireland, Australia, Japan, South Africa, Abu Dhabi, the British Virgin Islands, and Israel. This comprehensive regulatory oversight can enhance traders’ sense of safety.
Who will Benefit from Trading with AvaTrade?
AvaTrade is recommended for investors and traders globally. This includes both beginner and experienced traders.
Due to its top-tier regulation, compensation in case of broker bankruptcy, and long track record (founded in 2006), it is seen as a trusted broker, which could make it beneficial for a wide range of traders.
AvaTrade Safety and Security
AvaTrade Regulations in Ivory Coast
AvaTrade is not currently regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, AvaTrade is well-regulated by several reputable market regulators in other countries, as per the table in the following section.
| 📌 Registered Entity | 🌎 Country of Registration | 🚩 Regulatory Entity | 📉 Tier | 📝 License Number/Ref |
| ✔️ AVA Trade EU Ltd | Ireland | CBI | 1 | C53877 |
| 🖋️ DT Direct Investment Hub Ltd. | Cyprus | CySEC | 2 | 247/17 |
| ⚠️ AVA Trade EU Ltd | Poland | KNF | 2 | 693023 |
| 🗝️ AVA Trade Ltd | British Virgin Islands | BVI | 3 | SIBA/L/13/1049 |
| 🏷️ Ava Capital Markets Australia Pty Ltd | Australia | ASIC | 1 | 406684 |
| 📈 Ava Capital Markets Pty | South Africa | FSCA | 2 | FSP 45984 |
| 📊 Ava Trade Japan KK. | Japan | JFSA, FFAJ | 1 | JFSA 1662 FFAJ 1574 |
| 💡 Ava Trade Middle East Ltd | UAE | ADGM | 2 | 190018 |
| 🗂️ ATrade Ltd | Israel | ISA | 2 | 514666577 |
| 🛎️ Friedberg Direct | Canada | IIROC | 1 | Friedberg Mercantile |
AvaTrade Protection of Client Funds
| 📌 Security Measure | ℹ️ Information |
| 🚩 Segregated Accounts | ✅ Yes |
| ⚠️ Compensation Fund Member | ✅ Yes |
| 💸 Compensation Amount | 20,000 EUR |
| 👨🎓 SSL Certificate | ✅ Yes |
| 🖋️ 2FA (Where Applicable) | ✅ Yes |
| ⛔ Privacy Policy in Place | ✅ Yes |
| ❌ Risk Warning Provided | ✅ Yes |
| 🛑 Negative Balance Protection | ✅ Yes |
| ❌ Guaranteed Stop-Loss Orders | None |
Security while Trading
Regulation and Security AvaTrade’s Competitive Advantages:
- ✅ Compliance with Strict Regulations: AvaTrade’s regulatory compliance distinguishes it from rivals. Being regulated in multiple jurisdictions, including five tier-1 and five tier-2 jurisdictions, demonstrates the company’s dedication to adhering to the regulations and standards established by financial authorities.
- ✅ Client Fund Protection: AvaTrade must hold client funds in separate accounts to comply with regulations. This practice separates traders’ funds from the broker’s operational funds, providing an added layer of security and ensuring that clients’ funds are protected during the broker’s bankruptcy.
- ✅ As a regulated broker, AvaTrade is subject to financial authorities’ regular audits and compliance checks. These audits verify the company’s compliance with regulatory requirements, ensuring it maintains high transparency and acts in its clients’ best interests.
- ✅ High-Level Web Security Measures AvaTrade places a premium on the security of its customers’ data and funds. The organization employs sophisticated web security measures to prevent unauthorized access, data breaches, and fraud.
- ✅ AvaTrade, like most regulated brokers, implements industry-standard security practices to protect the data and privacy of traders. These measures may include SSL encryption for secure data transfer, two-factor authentication to prevent unauthorized account access, and stringent privacy policies to safeguard users’ personal information.
Regarding security advantages, AvaTrade’s robust regulatory framework, client fund protection, regular audits, high-level web security measures, and adherence to industry-standard security practices make it a trusted and secure option for traders.
| ✅ PROS | ❎ CONS |
| Regulated in multiple jurisdictions | Regulatory restrictions apply to retail client leverage |
| Subject to regular audits | AvaTrade is not locally regulated in the Ivory Coast |
AvaTrade Bonus Offers and Promotions
AvaTrade presents exclusive bonuses and promotions for traders in Ivory Coast.
New Account Package:
- ✅ Special offer for newly registered Ivory Coast traders until June 30.
- ✅ Establish a new trading account and deposit a minimum of $200 (700,000 XAF).
- ✅ Qualify for a $40 (24,200 XAF) sign-up bonus.
- ✅ The maximum deposit eligible for the bonus is $10,000, granting a bonus of $2,000.
Referral Bonus:
- ✅ Ivory Coast traders can earn a bonus of $50 to $250.
- ✅ The bonus becomes available when a referred individual deposits $500 or more into a live account.
- ✅ Earning potential for the Ivory Coast trader depends on the first deposit made by their referral into their newly verified live account.
AvaTrade Affiliate Program Features
Upon joining the AvaTrade Affiliate Program, traders gain access to a range of features that enhance their overall experience and facilitate optimal earnings:
- ✅ AvaTrade provides affiliates with personalized tracking links, enabling them to monitor the success of their referrals effectively. This meticulous attribution process ensures that referrals are accurately assigned to the respective affiliates, guaranteeing proper recognition and rewards for their dedicated efforts.
- ✅ AvaTrade offers a diverse array of marketing resources to affiliates. These resources include professionally designed banners, landing pages, and other promotional materials. Equipped with such tools, affiliates can effectively promote the AvaTrade brand and attract new customers, expanding their referral base.
- ✅ AvaTrade’s affiliate dashboard has advanced reporting and analytics tools. Affiliates can harness these tools to monitor the effectiveness of their marketing campaigns, track their referral activity, and gain valuable insights. This invaluable information empowers affiliates to optimize their marketing efforts for better results and increased conversions.
- ✅ Recognizing the importance of catering to individual preferences, AvaTrade offers affiliates a range of flexible payment options. Affiliates can choose from various methods such as bank transfers, cheques, and popular online payment systems like PayPal and Skrill. This flexibility ensures that affiliates can select the best payment method with their preferences and convenience.
Finally, AvaTrade emphasizes providing prompt and responsive support to its affiliates. The dedicated affiliate support team is readily available to address any queries or concerns that may arise. By maintaining a smooth and productive partnership, AvaTrade ensures that affiliates receive the necessary guidance and assistance throughout their affiliate journey.
How to open an Affiliate Account with AvaTrade
The AvaTrade Affiliate Program presents Ivory Coast traders with an excellent opportunity to maximize their earnings potential by becoming affiliates. Opening an Affiliate Account with AvaTrade is a simple process that entails the following steps:
Registering with AvaPartner:
- ✅ Ivory Coast traders can begin by visiting the AvaPartner website and following the prompts to open a new account.
- ✅ This initial step sets the foundation for establishing an Affiliate Account with AvaTrade.
Review by Affiliate Manager:
- ✅ Once the account is successfully created, an Affiliate Manager from AvaTrade promptly contacts the trader to review their details.
- ✅ This step ensures a thorough assessment and seamless onboarding experience.
AvaTrade Account Types and Features
AvaTrade understands the diverse needs of retail traders and offers a range of account options to cater to their requirements. The availability of these accounts depends on the regulatory guidelines in each region where AvaTrade operates.
In our experience, AvaTrade aims to provide account options that comply with these regulations, ensuring that traders have suitable choices to meet their trading preferences and needs.
| 📌 Live Account | 💳 Minimum Dep. | ⏱️ Average Spread | 💸 Commissions | 🚩 Average Trading Cost |
| 🥇 Standard Account | 61,000 XAF/ $100 | 0.9 pips | None | 9 USD |
| 🥈 Islamic Account | 61,000 XAF/ $100 | 0.9 pips | None | 9 USD |
| 🥉 Professional Account | 61,000 XAF/ $100 | 0.6 pips | None | 12 USD |
AvaTrade Standard Retail Investor Account
AvaTrade provides a Standard Retail Account for traders and intermediate investors seeking global markets. This account offers a range of tailored features, including:
| 📌 Account Features | 🚩 Value |
| 💸 Minimum Deposit Requirement | 100 units in ZAR, USD, GBP, or AUD, equal to 61,000 XAF |
| 💶 Base Account Currency Options | ZAR, USD, GBP, or AUD |
| ☑️ Maximum Leverage | 1:30 (Retail) 1:400 (Professional) |
| 📊 Range of Markets Offered | More than 1,260 tradable instruments |
| 📈 Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💵 Commissions on trades | None |
| ⏱️ Average spreads | From 0.9 pips EUR/USD |
| 🛎️ Margin Requirements | From 0.25% when using leverage of 1:400 |
| ☎️ Customer Support Channels | Social Platforms Email Request Telephone Live Chat |
| ✅ Trading Strategies Allowed | All |
AvaTrade Demo Account
AvaTrade offers a complimentary demo account that allows traders to explore market pricing and test the functionality of their trading platform.
The demo account provides a risk-free environment with virtual funds (up to $100,000) for traders to gain experience and experiment with different strategies. Opening a demo account is simple and does not require identification or verification documents.
AvaTrade Islamic Account
| 📌 Account | 💳 Minimum Dep. | ⏱️ Average Spread | 💸 Commissions | 💵 Average Trading Cost |
| 🥈 Islamic Account | $100 | 0.9 pips | None | 9 USD |
AvaTrade’s Islamic Account is designed for Muslim traders who adhere to Sharia law principles. This account eliminates swap fees or interest charges, allowing traders to comply with their religious beliefs.
Traders can keep positions open for up to 5 days without incurring rollover fees. The account offers transparency, halal trading options, and a secure trading platform that respects Islamic principles.
AvaTrade Professional Account
| 📌 Account | 💳 Minimum Dep. | ⏱️ Average Spread | 💸 Commissions | 💵 Average Trading Cost |
| 🥉 Professional Account | $100 | 0.6 pips | None | 12 USD |
The Pro account caters to accredited investors and offers more favorable spreads and no trading costs. It features an average EUR/USD spread of 0.6, making it appealing to traders.
Pro account holders can connect their accounts with DupliTrade or ZuluTrade, enhancing their trading capabilities. To qualify for the AvaTrade Professional Account, traders must meet specific criteria related to market activity, industry experience, and investment portfolio size.
Pros and Cons AvaTrade Account Types and Features
| ✅ Pros | ❎ Cons |
| Traders have access to global markets with an AvaTrade account | The Islamic Account has limited availability |
| Traders can trade over 1,260 instruments | There are only two account options, Standard or Professional |
| There is a free demo account available | Commission-free trading results in wider spreads |
| Muslim traders can register for an Islamic Account | Retail traders have limited leverage |
AvaTrade Base Account Currencies and Basic Order Types
When Ivory Coast traders register an account with AvaTrade, they can choose between these base currencies:
- ✅ ZAR
- ✅ USD
- ✅ GBP
- ✅ AUD
AvaTrade’s basic order types are as follows:
- ✅ Market Orders
- ✅ Pending Orders
- ✅ Take Profit
- ✅ Stop-Loss Orders
Market Orders
A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.
Furthermore, with AvaTrade, Market Orders are available for all accounts. In addition, Market Orders can be accompanied by Stop Loss and Take Profit Orders.
Pending Orders
Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. AvaTrade offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.
These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. AvaTrade can execute the order at the first available price in such cases.
Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until canceled. In addition, Pending Orders are available for all accounts with AvaTrade.
Take Profit
Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.
In addition, the AvaTrade platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.
Stop-Loss Orders
Stop-Loss Orders are used to minimize losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.
Stop-loss orders are always connected to an open, market, or pending order. The AvaTrade platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.
AvaTrade – Slippage and Requote Policy
Slippage
According to AvaTrade, slippage refers to the difference between a trader’s stop loss price and the actual closing price in the market. Slippage typically occurs in highly volatile or illiquid market conditions.
AvaTrade is committed to executing the transaction at the next best available price rather than guaranteeing stop losses if slippage occurs.
Requotes
AvaTrade offers traders the powerful MT5 platform, enabling them to trade various assets, including CFDs on forex, stocks, commodities, indices, futures, energies, and cryptocurrencies.
The platform provides flexible leverage options, allowing traders to capitalize on market opportunities based on risk preferences.
AvaTrade ensures a seamless trading experience by eliminating re-quotes, price rejections, and slippages. This means traders can execute their trades without concerns about delays or inconsistencies between quoted prices and actual execution.
AvaTrade’s dedication to providing a reliable trading environment enables traders to focus on their strategies and make well-informed investment decisions.
How to Open and Close an AvaTrade Account
How to open an Account with AvaTrade
To register an account with AvaTrade, Ivory Coast, traders can follow these easy steps:
- ✅ Click on the registration button on AvaTrade’s website.
- ✅ Insert your email address, create a new password, and consider the acceptable password requirements.
- ✅ Click on the “next” button to proceed.
- ✅ Complete the registration form pages and required fields.
- ✅ Once you complete the registration form, you can verify your account and deposit funds to start trading.
How to close My Account with AvaTrade
To close a live trading account with AvaTrade, Ivory Coast, traders can follow these steps:
- ✅ If there are still funds in your account, please log in to “My Account” and follow the withdrawal instructions.
- ✅ Email your Account Manager or AvaTrade’s Customer Service requesting to close your account once you have withdrawn your funds.
AvaTrade Trading Platforms
AvaTrade MAM / PAMM Features
AvaTrade provides the MAM (Multi-Account Manager) application, a potent tool designed to manage multiple accounts efficiently from a single interface.
This application integrates seamlessly with the MetaTrader (MT4) platform, enabling investment firms and seasoned traders to execute bulk transactions across multiple sub-accounts.
Utilizing the MAM software makes placing bulk orders and managing an unlimited number of accounts quick, easy, and highly efficient.
It significantly enhances account management by transmitting allocation parameters to AvaTrade’s MT4 server, ensuring effective control over all process aspects.
Without any lag in the data transfer process, money managers can execute block orders affecting multiple accounts with a single click on the Master Account.
Different allocation methodologies, such as Proportional by Balance Allocation and Proportional by Equity Allocation, can be used to manage customers’ funds. Monitoring of performance and commissions in real-time is also available.
The MAM account enables professional traders to concentrate solely on their trading activities, as the software manages all other accounts. Trades can be easily executed through the MT4 Master Account, and the MAM software handles the rest automatically.
AvaTrade WebTrader
The AvaTrade WebTrader is an ideal trading platform for Ivory Coast traders who prefer a convenient trading experience without extensive market research. It can be accessed on any computer through any browser without requiring installation.
Ivory Coast traders can make informed decisions on the AvaTrade WebTrader by leveraging real-time market sentiment data.
This platform allows users to tap into the wisdom of the masses, providing insights into the buying and selling activities of other AvaTrade traders. As a result, technical and fundamental analysis becomes unnecessary.
The WebTrader platform equips Ivory Coast traders with essential trading tools, including market and pending orders, taking profit and stop loss options, partial position closure, and easy managing individual and aggregate positions.
AvaOptions Platform
Designed for professional users, the AvaOptions platform is available for Ivory Coast traders who deposit a minimum of $1,000. It supports desktop usage (Windows only) and mobile accessibility.
Ivory Coast traders can choose from over 40 currency pairs and gold and silver on the AvaOptions platform. The platform enables portfolio management, risk balancing, and integrates Autochartist for advanced analysis capabilities.
AvaSocial Social Trading App
AvaSocial, developed through AvaTrade’s partnership with Pelican Exchange, is a comprehensive social trading app tailored to meet the needs of Ivory Coast traders, whether they are beginners or experienced professionals.
Novice traders can benefit from expert traders’ insights, shorten their learning curve, and gain market exposure while learning. Experienced traders can save time and gain a clear market view without daily research.
AvaSocial sets a new standard in social trading technology by allowing Ivory Coast traders to follow and copy trades from top-performing traders. The app provides real-time trading signals, fosters a transparent network of like-minded traders, and enables sharing trades on social media.
AvaTradeGO Mobile App
The AvaTradeGO app is a portal for Ivory Coast traders to efficiently manage their MetaTrader 4 platform directly from their mobile devices.
The app features a sophisticated dashboard, an intuitive home screen, educational videos, market analysis materials, and easy access to customer support.
Ivory Coast traders using AvaTradeGO can easily place orders, set price alerts, create watchlists, and view live prices and charts. Additionally, the app incorporates AvaProtect, a risk management system by AvaTrade that offers protection against losing trades for a specified time.
Pros and Cons AvaTrade Trading Platforms
| ✅ Pros | ❎ Cons |
| A diverse range of trading platforms to cater to different needs | Limited customization options compared to some competitors |
| Accessible and user-friendly interfaces for seamless trading | Certain platforms have limited availability on specific devices |
| Availability of real-time market data and analysis tools | Some platforms may have a steeper learning curve for beginners |
Which Markets Can You Trade with AvaTrade?
Ivory Coast traders can expect the following range of markets from AvaTrade:
- ✅ Forex
- ✅ Stocks
- ✅ Commodities
- ✅ Cryptocurrencies
- ✅ Treasuries
- ✅ Bonds
- ✅ Indices
- ✅ Exchange-Traded Funds (ETFs)
- ✅ Options
- ✅ Contracts for Difference (CFDs)
- ✅ Precious Metals
Financial Instruments and Leverage offered by AvaTrade
| 📌 Instrument | 📝 Number of Assets Offered | 📈 Maximum Leverage Offered |
| 🚩 Forex | 55 | 1:400 |
| 🏅 Precious Metals | 5 | 1:200 |
| 🔖 ETFs | 59 | 1:20 |
| 🏷️ Indices | 33 | 1:200 |
| 📊 Stocks | 625 | 1:10 |
| 💳 Cryptocurrency | 20 | 1:25 |
| 🤝 Options | 53 | 1:100 |
| 💡 Energies | 5 | 1:200 |
| 📍 Bonds | 2 | 1:20 |
| ⌛ FXOptions | 24 | 1:100 |
Pros and Cons AvaTrade Range of Markets
| ✅ PROS | ❎ CONS |
| Ivory Coast traders can access over 1,260 instruments | AvaTrade’s distribution of instruments varies according to the trading platform, and MT5 has access to the most |
| There are several ways through which trading can be done, options, CFDs, and more | There are leverage restrictions applied to retail trading accounts |
AvaTrade Fees, Spreads, and Commissions
AvaTrade Spreads
AvaTrade prioritises transparency in its trading services for Ivory Coast traders. The broker charges fixed spreads that incorporate a markup covering broker fees related to trade facilitation. As a Market Maker broker, AvaTrade executes all orders using its own execution methods.
AvaTrade acquires significant positions from various liquidity providers to grant customers access to the interbank market and subsequently offers them to traders. Ivory Coast traders can expect typical spreads within the following ranges:
AvaTrade Commissions
AvaTrade offers a commission-free trading experience to Ivory Coast traders. Instead of separate commission charges, AvaTrade applies a premium to its fixed spreads. This approach ensures transparent and all-inclusive trading, eliminating additional commission costs.
AvaTrade’s fixed spreads aim to provide clarity and simplicity, allowing traders to focus on their strategies without concerns about extra fees. AvaTrade aims to create a cost-effective and competitive trading environment for Ivory Coast traders by offering premium fixed spreads.
AvaTrade Overnight Fees, Rollovers, or Swaps
The costs associated with overnight trading vary based on factors such as the direction and size of the position, the financial asset being traded, and prevailing market conditions.
AvaTrade calculates overnight charges by multiplying the total value of a trade by the overnight interest rate. Here are examples of overnight fees charged (subject to change):
AvaTrade Deposit and Withdrawal Fees
AvaTrade does not impose any deposit or withdrawal fees on the supported deposit and withdrawal methods.
AvaTrade Inactivity Fees
AvaTrade implements an inactivity fee for inactive trading accounts for three consecutive months. If no trading activity is detected during this period, a $50 inactivity fee will be charged monthly.
It is important to note that after 12 consecutive months of inactivity, the fee increases to $100. This fee structure encourages active trading and helps maintain platform efficiency.
AvaTrade Currency Conversion Fees
Traders should be aware of potential currency conversion fees. Currency conversion fees may apply if funds are deposited in XAF, which is not an accepted deposit or base account currency.
These fees are incurred when converting the deposited funds into the designated account currency. Ivory Coast traders should consider this factor and potential currency conversion fees when depositing funds with AvaTrade.
Pros and Cons AvaTrade Trading and Non-Trading Fees
| ✅ Pros | ❎ Cons |
| AvaTrade’s trading and non-trading fees are transparent | Inactivity fees are charged |
| AvaTrade does not apply commissions to trades | There is a high inactivity fee charged |
| There are competitively low spreads charged across markets | The spreads are not the lowest |
AvaTrade Deposits and Withdrawals
AvaTrade offers Ivory Coast traders the following deposit and withdrawal methods:
- ✅ Bank Wire Transfer
- ✅ Credit/Debit Card
- ✅ PayPal
- ✅ WebMoney
- ✅ Neteller
- ✅ Skrill
How to Deposit Funds with AvaTrade
To deposit funds to an account with AvaTrade, Ivory Coast traders can follow these steps:
- ✅ Sign in to your AvaTrade account using your login credentials.
- ✅ Navigate to the ‘Deposit’ section and click the ‘Fund your account’ option.
- ✅ Choose your preferred deposit method. AvaTrade provides several convenient options for depositing money, including credit cards, wire transfers, and various forms of e-payment (please note that e-payment is not available for EU & Australian customers).
- ✅ Select the specific trading account from the drop-down menu where you wish to deposit.
- ✅ Enter the desired amount you wish to deposit.
- ✅ Fill in the relevant payment method details in the designated fields.
- ✅ Once all the necessary information has been provided, click the ‘Deposit’ button to initiate the deposit process.
AvaTrade Fund Withdrawal Process
To withdraw funds from an account with AvaTrade, Ivory Coast traders can follow these steps:
- ✅ Log in to your trading account using your registered email address and password.
- ✅ After successfully logging in, access the withdrawal section within your account.
- ✅ Complete the online withdrawal form as provided through your account interface.
- ✅ Your withdrawal request will be processed within the subsequent 24 business hours.
AvaTrade Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.
| 🔎 Broker | 🥇 AvaTrade | 🥈 IG | 🥉 BDSwiss |
| ⏱️ Minimum Withdrawal Time | 24 to 48 Hours | 1 business day | 10 Minutes |
| ⌛ Maximum Estimated Withdrawal Time | Up to 10 days | Up to five business days | Between 7 to 10 days |
| 💸 Instant Deposits and Instant Withdrawals? | None | ✅ Yes, Deposits on PayPal | None |
AvaTrade Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.
| 🔎 Payment Method | ⏱️ Deposit Processing | ⌛ Withdrawal Processing |
| 💷 Bank Wire Transfer | Up to 10 days | Up to 10 days |
| 💳 Credit/Debit Card | 24 – 48 Hours | 24 – 48 hours |
| 💶 PayPal | 24 – 48 Hours | 24 – 48 hours |
| 💵 WebMoney | 24 – 48 Hours | 24 – 48 hours |
| 💴 Neteller | 24 – 48 Hours | 24 – 48 hours |
| 💷 Skrill | 24 – 48 Hours | 24 – 48 hours |
Pros and Cons AvaTrade Deposits and Withdrawals
| ✅ Pros | ❎ Cons |
| All client funds are kept safe in segregated accounts | There are limited deposit and withdrawal funds when compared to other brokers |
How long do AvaTrade Deposits take?
The time required for deposits to reflect in your AvaTrade account may vary depending on the chosen deposit method. Generally, deposits can take a few hours up to a few days to be processed.
How long do AvaTrade Withdrawals take?
The time taken for withdrawals from AvaTrade may vary depending on the payment method. Typically, withdrawals can take a few hours up to a few days to be processed, based on the chosen payment method.
AvaTrade Education and Research
Education
AvaTrade offers the following Educational Materials to Ivory Coast traders:
- ✅ Educational Videos
- ✅ Trading guides
- ✅ Trading Rules
- ✅ Market Terms
- ✅ Order Types
- ✅ Trading Strategies
- ✅ Trading Ideas
- ✅ Trader’s Blog
- ✅ A demo account with virtual funds
- ✅ Educational Articles
AvaTrade Research and Trading Tool Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IG | 🥉 BDSwiss |
| 📌 Economic Calendar | ✅Yes | ✅Yes | ✅ Yes |
| 🚩 VPS | None | ✅ Yes | ✅ Yes |
| 🔖 AutoChartist | None | ✅ Yes | ✅ Yes |
| 📈 Trading View | None | None | None |
| 📉 Trading Central | ✅ Yes | None | ✅ Yes |
| 📊 Market Analysis | ✅ Yes | ✅ Yes | ✅ Yes |
| 📰 News Feed | ✅ Yes | ✅ Yes | ✅ Yes |
| 💻 Blog | ✅ Yes | ✅ Yes | ✅ Yes |
AvaTrade also offers Ivory Coast traders the following additional Research and Trading Tools
- ✅ Technical Analysis Indicators
- ✅ Economic Indicators
- ✅ Economic calendar
- ✅ Trading Strategies
- ✅ AvaProtect Risk Management
- ✅ Trading Central
- ✅ Trading Calculators
- ✅ Earnings Releases
- ✅ Fundamental Analysis
- ✅ Technical Analysis
Pros and Cons AvaTrade Education and Research
| ✅ Pros | ❎ Cons |
| AvaTrade is the best broker for beginners and professional traders based on its education and research | The demo account is only available for 21 days |
AvaTrade Customer Support
| 🔎 Customer Support | 🥇 AvaTrade Customer Support |
| ⏰ Operating Hours | 24/5 |
| 👤 Support Languages | Multilingual |
| 💻 Live Chat | ✅ Yes |
| 🖥️ Email Address | - |
| ☎️ Telephonic Support | ✅ Yes |
| 💯 The overall quality of AvaTrade Support | 5/5 |
Pros and Cons AvaTrade Customer Support
| ✅ Pros | ❎ Cons |
| AvaTrade offers 24/5 customer support | Support responses can be slow |
| Traders can use several channels to contact AvaTrade | Customer support is not available 24/7, which could present problems for those trading markets such as crypto CFDs |
AvaTrade VPS Review
AvaTrade allows Ivory Coast traders to access a virtual private server (VPS) to enhance their trading experience. However, it is important to note that availability and functionality may vary. Here are the key features of AvaTrade’s VPS:
Trustworthy and Stable Platform:
AvaTrade’s VPS is hosted on a robust and secure server, ensuring reliability and stability for operating trading applications.
Faster Trade Execution:
With a VPS, traders can expect quicker trade execution times than a physical computer. The VPS is designed to optimize speed and efficiency in executing trading software.
Remote Accessibility:
Ivory Coast traders can access their trading software from any location with an internet connection. This flexibility is particularly beneficial for frequent travelers or those without a dedicated trading setup at home.
Enhanced Security Measures:
AvaTrade’s VPS incorporates stringent security measures to protect traders’ data and assets, creating a secure trading environment.
AvaTrade Corporate Social Responsibility
AvaTrade, a well-established online brokerage firm, is committed to conducting its business in a socially responsible and ethical manner. The company has implemented several programs to demonstrate this commitment.
Here are some key features of AvaTrade’s social responsibility initiatives for Ivory Coast traders.
Sustainability and Environmental Responsibility
AvaTrade places a priority on sustainability and environmental conservation. The company actively supports renewable energy initiatives and works towards reducing its carbon footprint
Diversity and Inclusion
AvaTrade is dedicated to fostering diversity and inclusion within its organization and the broader community. It promotes diversity and inclusivity among its staff and supports efforts to enhance diversity and inclusion in the financial sector.
Charity and Community Support
AvaTrade actively participates in charitable projects and community-focused initiatives. The company provides financial and material support to various charitable causes and organizations worldwide.
Additionally, AvaTrade encourages its employees to contribute their time and skills to these projects.
Social Trading with AvaTrade
AvaTrade also offers social trading options, allowing traders to follow and profit from the strategies and expertise of other traders. ZuluTrade, DupliTrade, and AvaSocial are the primary social trading platforms
- ✅ ZuluTrade is a well-known social trading platform that enables users to follow and copy the trades of other traders automatically. The following trader is compensated for trades copied.
- ✅ DupliTrade is an MT4-compatible platform that replicates expert traders’ trades automatically. Users can choose which trading strategies to copy and only pay a commission based on the trader’s profits.
- ✅ AvaSocial is a mobile app with an intuitive interface for copying and following the trades of expert traders. It provides access to traders’ strategies and performance, facilitates interaction between traders, and makes it simple for users to copy trades into their accounts.
AvaTrade Trading Signals
Copy trading is a popular and innovative solution offered by AvaTrade, allowing both experienced and new Ivory Coast traders to participate in the financial markets by mirroring the trades of successful and proven traders.
This feature enables traders to leverage the expertise of professionals, diversify their portfolios, and enjoy a passive form of investment. AvaTrade provides copy trading and signal providers through platforms like DupliTrade, AvaSocial, and ZuluTrade.
AvaTrade Cashback Rebates Features and Conditions
AvaTrade offers its Ivory Coast clients cashback rebates, giving them a percentage of the transaction cost for each trade made.
This program reduces the spread and increases the win rate. However, certain conditions and eligibility criteria are associated with the cashback rebates program. Here are some important points to note.
Commission Release
To qualify for commission release, AvaTrade sets a threshold that needs to be surpassed by the total income generated from all your transactions. Only when this threshold is exceeded will the commission be released. The threshold is set at an amount greater than any bonus received.
Bonus Funds and Rebates
It is important to note that the margin used with bonus funds does not qualify for rebates. Rebates are typically calculated based on real funds’ actual trading activity. This ensures that the rebates reflect the trading performance using the trader’s capital.
Ineligible Traders
Not all traders are eligible to receive rebates through AvaTrade’s program. Individuals or entities residing in the European Union, New Zealand, Israel, or Hong Kong are not eligible for rebates.
Financial institutions regulated by the Japan Financial Services Agency (FSA) and Israel Securities Authority (ISA) are also ineligible.
AvaTrade Web Traffic Report
| 🌐 Global Rank | 1,437,564 |
| 🌎 Country Rank | 12,652 |
| 📝 Category Rank | 160 |
| 📌 Total Visits | 31.6K |
| 🚩 Bounce Rate | 47.30% |
| 📖 Pages per Visit | 2.56 |
| 📈 Average Duration of Visit | 00:03:03 |
| 📆 Total Visits in the last three months | March – 51.9K April – 34.7K May – 31.6K |
AvaTrade Geographic Reach and Limitations
Most of AvaTrade’s market share is concentrated in these areas:
- ✅ South Africa – 95.3%
- ✅ Malaysia – 2.26%
- ✅ Pakistan – 1.84%
- ✅ Singapore – 0.61%
AvaTrade’s Current Expansion Focus
AvaTrade is expanding globally in Australia, Europe, Africa, Asia, and several other regions.
Countries not accepted by AvaTrade
AvaTrade does not accept clients from these countries:
- ✅ United States
- ✅ Belgium
- ✅ New Zealand
- ✅ Cuba
- ✅ Iran
- ✅ Syria
Popularity among Ivory Coast traders who choose AvaTrade
AvaTrade is one of the Top 5 Brokers for Ivory Coast traders.
AvaTrade vs. IG vs. BDSwiss – A Comparison
| 🔎 Broker | 🥇 AvaTrade | 🥈 IG | 🥈 BDSwiss |
| 📌 Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA | CySEC, FSC, BaFIN, FSA |
| 📈 Trading Platform | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 IG Platform ProRealTime (PRT) L2 Dealer FIX API | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web |
| 💳 Withdrawal Fee | None | None | ✅ Yes, <100 EUR withdrawals |
| 📝 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💷 Min Deposit | 61,000 XAF | 150,000 XAF | 60,000 XAF |
| ⚠️ Leverage | 1:30 (Retail) 1:400 (Pro) | 1:30 (Retail, EU, UK) 1:222 (Pro) | Up to 1:1000 |
| 📉 Spread | Fixed, from 0.9 pips | From 0.1 pips DMA | From 0.3 pips |
| 💶 Commissions | None | From 0.10% | $2 to $5 |
| 🛑 Margin Call/Stop-Out | 25% - 50% (M) 10% (S/O) | 100%/50% | 50%/20% |
| 👨⚖️ Order Execution | Instant | Market | Instant/Market |
| ❌ No-Deposit Bonus | None | None | None |
| 💰 Cent Accounts | None | None | In Progress |
| 🗂️ Account Types | Standard Live Account Professional Account Option | CFD/DMA Trading Account Limited Risk Trading Account Options Trading Account Turbo24 Trading Account Share Dealing Account Spread Betting Account Swap-Free | CFD/DMA Trading Account Limited Risk Trading Account Options Trading Account Turbo24 Trading Account Share Dealing Account Spread Betting Account Swap-Free |
| 🏦 Banking Commission of WAEMU Regulation | None | None | None |
| 💴 XAF Deposits | None | None | None |
| 💸 XAF Account Offered? | None | None | None |
| 🕰️ Customer Service Hours | 24/5 | 24/7 | 24/5 |
| ✔️ Retail Investor Accounts | 1 | 7 | 4 |
| ℹ️ Islamic Account | ✅ Yes | ✅ Yes, Dubai | ✅ Yes |
| 🎖️ Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| 🏅 Maximum Trade Size | Unlimited | Unknown | 50 lots |
| ⏱️ Minimum Withdrawal Time | 24 to 48 Hours | 1 business day | 10 Minutes |
| ⏰ Maximum Estimated Withdrawal Time | Up to 10 days | Up to five business days | Between 7 to 10 days |
| ☑️ Instant Deposits and Instant Withdrawals? | None | Yes, Deposits on PayPal | None |
Broker Comparison for a Range of Markets
| 🔎 Broker | 🥇 AvaTrade | 🥈 IG | 🥉 BDSwiss |
| 📌 Forex | ✅ Yes | ✅ Yes | ✅ Yes |
| 📍 Precious Metals | ✅ Yes | ✅ Yes | ✅ Yes |
| 🚩 ETFs | ✅ Yes | ✅ Yes | None |
| 📎CFDs | ✅ Yes | ✅ Yes | ✅ Yes |
| 🔖 Indices | ✅ Yes | ✅ Yes | ✅ Yes |
| 🏷️ Stocks | ✅ Yes | ✅ Yes | ✅ Yes |
| 💷 Cryptocurrency | ✅ Yes | ✅ Yes | ✅ Yes |
| 🎓 Options | ✅ Yes | ✅ Yes | None |
| ✏️ Energies | ✅ Yes | ✅ Yes | ✅Yes |
| 👥 Bonds | ✅ Yes | ✅ Yes | None |
AvaTrade Alternatives
- 🥇 eToro is a well-known online trading platform recognized for its user-friendly interface and social trading capabilities. It provides many trading options, including forex, stocks, commodities, indices, and cryptocurrencies. Its “CopyTrading” feature, which allows novice traders to learn from experienced traders, is one of its key features.
- 🥈 Plus500 is another well-known trading platform that provides various financial instruments, such as forex, stocks, commodities, indices, options, and cryptocurrencies. It offers an intuitive and user-friendly trading interface, suitable for novice and experienced traders.
- 🥉 IG is a well-respected trading platform with a long history in the industry. Forex, stocks, commodities, indices, and cryptocurrencies are among the trading options available. IG provides traders with educational resources like webinars, tutorials, and analysis tools. The platform also provides a variety of account types to accommodate diverse trading requirements, including a standard account for retail traders and a professional account for experienced and high-volume traders.
AvaTrade Awards and Recognition
According to AvaTrade’s website, the company has been recognized for the following honors in recent years as a broker:
- ✅ AvaTrade was awarded this distinction by the Global Business Review Magazine, acknowledging its outstanding affiliate program in the United Arab Emirates.
- ✅ AvaTrade’s mobile trading platform was recognized as the best in Spain by Finance Derivative, highlighting its excellence in providing a seamless trading experience on mobile devices.
- ✅ The Ceoviews included AvaTrade in their prestigious list of the top 10 hot brands of the year, showcasing the company’s reputation and popularity.
- ✅ AvaTrade received the title “Most Trusted Broker” from International Investor, underlining the trust and confidence placed in the company by traders and investors.
- ✅ In 2022, the Global Business Review Magazine recognized AvaTrade’s mobile trading platform as the best in the United Arab Emirates, emphasizing its user-friendly features and advanced functionality.
- ✅ AvaTrade was honored as the most innovative CFD broker in the United Arab Emirates by the Global Business Review Magazine in 2022, highlighting their commitment to introducing ground-breaking solutions and technologies.
and many, MANY more!
Recommendations according to our in-depth review of AvaTrade
AvaTrade should consider implementing the following recommendations to improve its services and address customer concerns:
- ✅ AvaTrade’s demo account is only available for 21 days, which may not be sufficient for beginners to familiarise themselves with the platform and trading strategies. Extending the demo account’s duration would give beginners more time to learn and practice trading strategies, thus improving their trading skills before they start live trading.
- ✅ AvaTrade’s distribution of instruments varies according to the trading platform, with MT5 having access to the most. Increasing the variety of instruments across all trading platforms would provide traders with more options and flexibility, thus catering to a wider range of trading preferences and strategies.
- ✅ While AvaTrade ensures that all deposits and withdrawals are processed quickly and securely, there are limited deposit and withdrawal funds compared to other brokers. The estimated withdrawal time can be up to 10 days, which is relatively long. Offering more options for deposit and withdrawal funds and reducing the withdrawal time would enhance the user experience.
- ✅ While AvaTrade offers 24/5 customer support, providing 24/7 support, especially for markets like crypto CFDs, would be beneficial. This would ensure that traders can get the help they need anytime. Additionally, improving response times would also enhance customer satisfaction.
Finally, AvaTrade does not offer local Stocks and CFDs. Expanding their offerings to include local markets could attract more traders and provide more diversity in trading options.
AvaTrade Customer Reviews
🥇 Enthusiastic Support!
As a novice in the field, I am still in the early stages of my trading journey. However, based on the enthusiastic support from the AvaTrade team in recent hours, I remain optimistic about the future prospects. My initial learning experience has been extremely positive. – Ifeoma Davis
🥈 Remarkable!
Among my six years of experience in Forex trading, my interaction with AvaTrade stands out as the most remarkable thus far. While initially skeptical due to their seemingly exceptional offerings, they have consistently delivered on their promises, providing an array of effective tools and platforms. – Abdoulaye Soro
🥉 Excellent!
AvaTrade has consistently delivered excellent customer service, and Hank, in particular, has provided exceptional assistance. His patience and thorough explanations of the AvaTrade platform made me feel like a valued member of the AvaTrade community. – Bintou Cissé (May 2022) “
Pros and Cons of Trading with AvaTrade
| ✅ PROS | ❎ CONS |
| AvaTrade does not charge traders any withdrawal fees, making accessing their funds more affordable. | AvaTrade charges high inactivity fees for inactive accounts, which could disadvantage traders who do not trade frequently. |
| AvaTrade enables cryptocurrency trading via CFDs. | AvaTrade limits cryptocurrency trading to CFDs and does not support direct trading of the underlying asset. |
| AvaTrade provides an extensive selection of trading platforms, allowing traders to select the one that best meets their requirements. This diverse selection distinguishes AvaTrade from its rivals. | AvaTrade’s product portfolio is limited, including forex, various CFDs, and cryptocurrencies. This could be a limitation for traders interested in other asset classes. |
| AvaTrade provides multiple platforms for copy trading, including AvaSocial, ZuluTrade, and DupliTrade. | AvaTrade’s forex trading fees are not the most competitive on the market, which could be a disadvantage for traders who engage in substantial forex trading. |
| AvaTrade has relatively low fees for trading Contracts for Difference (CFDs) compared to other brokers. | AvaTrade’s spreads align with the industry average, though they are slightly higher than those other platforms offer for entry-level accounts. |
| AvaTrade’s account opening procedure is streamlined and quick. | AvaTrade’s WebTrader platform’s charting capabilities are not as enhanced as that of competitors. |
| The AvaOptions app from AvaTrade, powered by Sentry Derivatives, provides an excellent mobile trading platform for forex options. | The AvaOptions platform can be complex, especially for beginners. |
In Conclusion
According to our research, AvaTrade is a well-established online broker that offers a wide range of features.
It provides a variety of trading platforms, including AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, and ZuluTrade. These platforms offer unique features and functions that cater to different types of traders.
In our experience, AvaTrade excels in its educational and research offerings. It provides a plethora of resources, such as trading strategies, trading ideas, educational articles, technical analysis indicators, and an economic calendar. These tools are beneficial for both beginners and professional traders.
However, there are some cons to consider. The demo account is only available for 21 days, which may not be sufficient for beginners to familiarise themselves with the platform and trading strategies.
Additionally, the distribution of instruments varies according to the trading platform, with MT5 having access to the most. There are also leverage restrictions applied to retail trading accounts.
Moreover, AvaTrade’s deposit and withdrawal process could be improved. While it ensures that all deposits and withdrawals are processed quickly and securely, there are limited deposit and withdrawal funds compared to other brokers. The estimated withdrawal time can be up to 10 days, which is relatively long.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk.
In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Frequently Asked Questions
Does AvaTrade offer a demo account?
Yes, AvaTrade offers a demo account, but it is only available for 21 days.
What trading platforms does AvaTrade offer?
AvaTrade offers several trading platforms, including AvaTrade WebTrader, AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, and ZuluTrade.
Is AvaTrade Safe or a Scam?
AvaTrade is considered a trustworthy and secure platform. It operates under the regulations of multiple jurisdictions, ensuring the safety and reliability of its services.
Does AvaTrade charge any fees for deposits or withdrawals?
No, AvaTrade does not charge any fees for deposits or withdrawals.
Is AvaTrade regulated?
Yes, AvaTrade operates under regulation. Several authoritative bodies regulate it, including CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.
Does AvaTrade offer any bonuses or promotions?
Yes, AvaTrade offers exclusive bonuses and promotions for traders.
Does AvaTrade have any social responsibility initiatives?
Yes, AvaTrade is committed to conducting its business socially and ethically, with initiatives focused on sustainability, environmental responsibility, and diversity and inclusion.
What are the deposit and withdrawal options at AvaTrade?
AvaTrade offers several deposit and withdrawal options, including wire transfers, electronic payment gateways, credit cards, and debit cards.
Does AvaTrade have Nasdaq 100?
Yes, AvaTrade provides access to Nasdaq 100 shares and offers the US TECH 100 as a CFD on indices.
What educational resources does AvaTrade provide?
AvaTrade provides educational videos, trading guides, trading rules, market terms, order types, and educational articles.
Does AvaTrade have VIX 75?
Yes, AvaTrade is recognised as one of the leading brokers for VIX 75 trading.
Why should I work through the SA Shares Cashback?
You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as AvaTrade.
This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as AvaTrade to ensure you get the most back from your trading activities.
How long does it take to withdraw from AvaTrade?
The withdrawal duration on AvaTrade can vary depending on the payment method used. Generally, the withdrawal process may take a few hours to a few days to complete.
