AvaTrade Review 2024 & Detailed Trading Information

Frank’s strategies are complex, so instead of learning them yourself, you hitch your wagon to Frank’s cart. When you copy trade forex, you set up your account to copy certain orders from one or many expert traders. Copy trading actually involves linking part of your account to the account of the expert you want to imitate. You does copy trading work can choose from a list of preferred social traders on the site right now, grow your portfolio and learn as you invest. You can also always take a look at our Pepperstone review for an in-depth rundown on everything this top forex broker choice has to offer or visit Pepperstone.

An Insightful Overview of AvaTrade Copy Trading Platforms

They offer copy trading on their three accounts with multiple deposit and withdrawal methods available. The AvaSocial app works in tandem with the AvaTrade mobile app. It almost looks like an instant messaging app where you can create groups with like-minded traders and exchange messages with individual traders. Beyond these, you are able to copy the trades of different traders. Their trading platforms work well on major https://www.xcritical.com/ devices like windows, android, and iOS.

Exploring AvaTrade’s Mobile Trading App

The fee structure is suitable for strategies with medium to long-term holding times, such as swing and position trading. Founded in 2007 and headquartered in Israel, eToro is regulated by four Tier-1 financial authorities. Knowledge of MetaTrader platforms is required, implying a greater barrier to entry for new traders. Pepperstone is regulated by both ASIC and the FCA, ensuring high security and compliance.

• This means that you can be confident that the broker operates under strict guidelines and adheres to the highest standards of financial conduct.
• They offer good copy trading services because of their partnership with signal providers.
• If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice.
• Copy trading allows participants to replicate the trades placed by other, often more experienced traders in real time.
• Any references to past performance and forecasts are not reliable indicators of future results.
• On top of the aforementioned platforms, AvaTrade also provides automated trading software.

How Do I Choose the Best Trading System to Copy Trade in Forex?

Rather, they notify you if certain conditions have been met in the market. You can then analyze the conditions and see if there is a trading opportunity there. Vantage FX or Vantage Markets are regulated with the FCA as Vantage Global Prime LLC.

Trading experience with the AvaTrade copy trading platform

We found AvaTrade spreads to be reasonable as a standard account provider. For example, the typical spread on EUR/USD was listed at 0.9 pips, and it went as high as 2.5 pips for GBP/JPY. AvaTrade offers accounts in different base currency denominations, including the U.S. Customers from Australia are allowed to open accounts in Australian Dollar denomination and customers from the United Kingdom can also open accounts in the British Pound.

Best Copy Trading Platforms (2024*)

You can always apply for one of these after you have signed up. Usually, you will find that your funds will be processed and sent to you within one working day when using e-wallets. In the case of debit and credit cards, your withdrawal can take up to five working days.

AvaTrade copy trading: which platform should you choose?

EToro has a firm handle on the stock, ETF, commodity, currency and cryptocurrency markets. Over the past decade, forex copy trading—also known as social trading, mirror trading, or auto trading—has seen a steady rise in popularity. This growth has been significantly bolstered by the rapid spread of industry information, financial news and market analysis. Pepperstone makes the list of best copy trading brokers thanks to more than 10 years in the industry prioritizing traders through their transparent, good value broker services. Well-regulated by ASIC in Australia, the FCA in the UK, and others around the world, the broker has become a popular choice for many types of traders. With many online brokers in the UAE offering various copy trading features and conditions, selecting the best option for your needs can be challenging.

If you check out the CFD rollover section on the AvaTrade web page, you will be able to look at the impending CFD ‘futures’ for stocks, indices, bonds, and commodities. We at Learn 2 Trade recommend that this is the best way for you to get used to the broker’s platform. It is also a great way to figure out what instruments you are interested in and enables you to refine and cultivate your trading skills. As such, you can use it on your desktop computer, your mobile phone, or your web browser.

Make sure your broker doesn’t have minimums that force you into copying only one or two other traders. We were glad to discover a wide choice of deposit options accessible, including credit/debit cards, bank transfers, and e-wallets. We respect flexibility in a broker since everyone has a preferred method of handling their money. Through their proprietary and easy to use trading platform which is also available on mobile, you can engage in trading CFDs, Spread Betting, and more on all of the assets they have to offer.

As a true global leader in Forex and CFDs trading, AvaTrade accepts clients from all over the world, except the United States and Iran. AvaTrade has its headquarters in Ireland, but its operation in Australia is run from Level 13 2 park street, Sydney 2000, New South Wales. Over the last 14 years, the company has grown exponentially and now has offices in nine countries around the world, including China, Chile, Italy, Japan, and South Africa. Long story short, MT4 allows Traders a variety of functionalities to customise their trading experience. If you haven’t heard of this platform yet, don’t worry, our experts tell you all the details you need to know.

MT4 will then automatically copy the trades (positions) of the signal provider. Tickmill offers excellent customer support, which is available 24/5. The broker has a dedicated support team that is always ready to answer your queries and resolve any issues you may encounter. You can contact their support team via email, phone, or live chat. They offer support in multiple languages and have a dedicated customer support team available 24/5.

There are rare exceptions, but traders must proceed with caution. The trading market is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) which does not restrict automated trading. However, there are certain restrictions on day trading such as the minimum capital requirement and the rules that define what is considered day trading. To better explain how copy trading works, let’s invent an expert trader — Frank Forex. Frank Forex has a solid history of great returns in currency trading.

DupliTrade is a CySEC-approved copy trading platform integrating MT4 with an AvaTrade copy trading minimum deposit requirement of 2000 USD. ZuluTrade requires lower deposit starting from 500 US dollars, integrates both MT4 and MT4 and operates in partnership with FCA-regulated trading platforms. Whereas AvaSocial is a unique mobile copy trading app developed by the broker requiring no minimum deposit and accessible on both Android and IOS devices. Besides these add-ons, Vantage provides every trader with free access to a VPS server, a forex sentiment indicator, and research tools like Market Buzz, Featured Ideas, and Analyst Views. You can explore the VantageFX platform or test your trading strategies with the free demo paper trading account, or open a real account with a minimum deposit of $200.

You should now have a general idea of what the best copy trading platform is and why AvaTrade has taken the top spot. Copy-trading takes time and effort to learn and execute, and losing is unavoidable. TelegramFxCopier is an AI-powered trade copier that copies Forex signals automatically from Telegram channels/groups to MT4/5 within a fraction of a second. WebTrader is the copy trading platform’s default browser-based interface.

AvaTrade supports a wide range of deposit and withdrawal methods, including major debit and credit cards, wire transfers, and various e-payments such as Skrill, WebMoney, and Neteller. While all AvaTrade customers can make deposits and withdrawals using major credit cards, clients in Canada are currently permitted to use this method. As of 2024, ZuluTrade had around 2.4 million users and had handled over $800 billion in trades.

This means that you can profit in the event that you think a company will go down in value. Furthermore,  by avoiding an exchange, there is no danger of wallet hacking or theft. In fact, with AvaTrade, you do not even need to go through the hassle of obtaining a cryptocurrency wallet. Users can trade some of the highest-ranked cryptocurrencies 24 hours a day, with the ability to go long or short. When you deposit for the first time with a card, it can take up to 24 hours to be credited due to security checks.

AvaTrade overlays strike prices on a chart, allowing traders to modify the strike price by moving it higher or lower — a feature I found really useful. There are 14 basic options-trading strategies available, and picking an option plan will at once load the order ticket with the corresponding options contracts. The app presented the whole experience in landscape format, requiring me to handle my phone as if it were a game controller.

AvaTrade, a leading online brokerage firm, offers a comprehensive copy trading platform that empowers traders to navigate the complexities of the markets with ease. AvaTrade is an innovative global forex and CFD broker that offers a diverse range of trading services as well as instruments with some of the most competitive commissions in the industry. It is known as a trustworthy brokerage firm, suitable for beginners and professional traders alike. Some other defining points include easy deposits and withdrawals, an intuitive mobile app, and fast execution. ZFX’s trading platform is MetaTrader 4 (also their copy trading platform), available on desktop, web, and mobile.