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AvaTrade is one of the pioneers in online Forex trading, as the company has been in operation for more than 15 years already. During this time, AvaTrade managed to become one of the most trusted platforms out there and was one of the first brokers that made Forex trading available for retail traders. AvaTradeGO is their new mobile app allowing users to gain access to their accounts and use the platform’s features while on the go. It has a number of features that might be beneficial to both beginner and seasoned traders, as the spp provides over 250 trading products, including FX pairings, cryptocurrencies, equities, and indices.
AvaTrade is one of the most regulated online trading platforms out there which marks the AvaTrade trading app with a guarantee of safety. So trades are safe, but is the AvaTradeGO app any good? Down below, we'll take a closer look at the features and functionality of the app to see if it's worth your time. Stay tuned for more info!
"..the customer is the center of our business" - Emanuel Kronitz
AvaTradegGO is AvaTrade’s mobile trading app, designed for trading on the go. The AvaTradeGO app is available for download on both iOS and Android devices, and it offers a variety of features that can be useful for both new and experienced traders. One of the most useful features of AvaTradeGO is the ability to view live prices and charts for a variety of different asset classes, including Forex, stocks, indices, cryptocurrencies, and more.
In addition, the app also provides access to AvaTrade’s news and analysis content, as well as a range of tools and indicators that can be used to assist you in making informed trading decisions. Whether you’re a beginner or an experienced trader, AvaTradeGO can provide you with the resources you need to trade on the go.
With the AvaTradeGO app, you can get access to individual shares, commodities, indices, cryptos, and more. It offers access to a range of tools that comes in a pretty well-organized and easy-to-use layout. You can access AvaTradeGO through the AvaTrade website, the App Store, or Google Play. AvaTradeGO offers a demo account so you can try out the app before you risk any real money.
When talking about trading Forex, one of the most important concepts to understand is leverage. To explain it in simple terms, with leverage, you can borrow money from a broker and use it for trading purposes. The higher the leverage, the bigger the risks and profits that can come from your trades. In the Forex market, leverage can be provided by a broker and is expressed as a ratio between the total value of a trade and the amount of money that is required to open the trade. The maximum leverage you can get on the AvaTradeGO app is 1:400, but if you are trading from the European Union, leverage is lowered because of regulations.
Spread range, also known as leveraged trading, is a vital technique used by all expert traders. AvaTradeGo app offers spread betting on over 200 products, including FX, indices, stocks, bonds, commodities, and ETFs. The minimum trade size is 0.01 per lot, which implies that the spread on Forex trading and most other products is 10%.
Spread betting, like other types of trading, is a type of trade. A spread gambler wagers on the movement of each pip or point of an accessible instrument rather than purchasing a fixed amount or lot size of the instrument.
Despite AvaTradeGO being one of the best applications for trading, like everything else it also has some pros and cons. Let's analyze the app's advantages and disadvantages compared to other trading platforms.
AvaTradeGO offers a lot of interesting and useful things for traders. First of all, it is important to note that opening an account on AvaTrade is extremely easy and the trading platform has free deposit and withdrawal options.
Another huge advantage of using AvaTradeGO is that it offers real-time market data and research tools. This is very useful for traders who wish to keep up with the most recent market changes. In addition, the app provides access to a wide range of trading instruments, which gives traders the flexibility to trade a variety of markets. Another benefit of AvaTradeGO is that it offers a demo account, which is perfect for practicing new strategies.
On the other hand, the AvaTradeGO app has some notable disadvantages. First of all, compared to other trading platforms AvaTrade has a way bigger minimum deposit which is $100. There are a lot of trading platforms where the minimum deposit is as low as $5. This does not make the AvaTradeGOdownload attractive to beginner traders.
Additionally, one of the biggest disadvantages is that on the application it is only possible to trade CFDs, Forex, and cryptos. In addition to that, AvaTradeGO mobile comes with high inactivity fees ($50 per quarter after inactivity for 3 months) which are very high when compared to some of the other trading platforms. Despite your AvaTradeGO account type, Forex fees are always the same, that's another disadvantage for AvaTrade.
AvaTradeGO offers over 250 different instruments for trading. Whether you're looking to trade Forex, commodities (such as gold, silver, sugar, and coffee), stocks, or indices, any kind of trader will find something to trade.
Yes. Not a big surprise that the account is password protected, but apart from that, the AvaTrade trade mobile app also offers the use of a PIN and biometrics (depending on the features that your mobile device provides) for additional security. This added layer of security helps to protect your information and ensures that only you have access to your account.
They offer deposit methods that include credit cards (not Canada) and wire transfers, which are available to all global clients on AvaTradeGO. There are also e-payments systems that are accepted, like Skrill, Webmoney, and Neteller. Unfortunately, this feature is not available for traders from the EU and Australia.