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AvaTrade Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi.

Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.

AvaTrade has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.

In addition to a wide range of trading platforms for FX and CFD traders, AvaTrade also provides a wealth of training resources that have earned the company a Best in Class rating for Beginners.


AvaTrade excels in copy trading, is competitive on mobile, and offers comparable price and research to the rest of the market.

AvaTrade was founded in 2006 and is licenced in three tier-1 countries and three tier-2 jurisdictions, making it a safe broker (low risk) for trading CFDs and FX.
AvaTrade's own platforms, AvaTrade WebTrader and AvaTradeGO, provide revolutionary features like AvaProtect in addition to MetaTrader.

Sentry Derivatives' AvaOptions app offers AvaTrade customers a top-notch mobile trading environment for FX options.

With 44 currency choices and more than 1,200 CFDs, AvaTrade has something for everyone.

AvaSocial, ZuluTrade, and DupliTrade are just a few of AvaTrade's social copy trading options.

AvaTrade is rated as one of the best trading platforms for professionals by Investopedia.

Retail accounts are priced in line with the industry average, but fall far short of the best in the business.

In comparison to its clean responsive mobile cousin, the AvaOptions desktop platform loads slowly and has an antiquated appearance.

At AvaTrade, at least 351 of the 1,260 accessible symbols are on hold for MetaTrader and WebTrader.

Trading Central modules and one or two articles and videos every day are the only sources of information.

Investors in AvaTrade may rest certain that it is subject to the watchful eye of the Australian Securities and Investments Commission (ASIC), the Canadian Investment Industry Regulatory Organization Council (IIROC), the Central Bank of Ireland (CBI) - Dublin, and the Japan Financial Services Agency (JFSA).

AvaTrade has a wide variety of markets to pick from, depending on which trading platform you use and which of the company's worldwide companies you have an account with. Some 1,260 MT5 and WebTrader symbols are available, however a few hundred of them have been placed on hold.

AvaTrade offers CFD trading in cryptocurrency, but not trading in the underlying asset itself (e.g. buying Bitcoin). As a cautionary note, CFDs on cryptocurrencies are not accessible to retail traders or residents of the United Kingdom via any broker's UK business.

At little under one pip (0.9 pips), AvaTrade's spreads are similar to the industry average, although they are somewhat higher than CMC Markets' entry-level spreads.

AvaTrade's Professional account has competitive spreads of 0.6 pips if you are an elected professional trader.

For the most part, traders will be happy with AvaTrade's own applications (including beginners). AvaTrade continues to make little but significant advancements in this area and offers a well-rounded set of applications.

MT4 and MT5 are available for Android and iOS smartphones, as well as the AvaTradeGO and AvaOptions proprietary mobile platforms.

While the web-based version of AvaTradeGo offers a rich set of watchlists and volatility protection known as AvaProtect, the mobile app is more similar to the desktop version. By using AvaProtect, traders may mitigate some of the risk of an open position by using an additional FX option to partly hedge their position.

There are 93 indicators on the AvaTradeGo app's charts, but I found it difficult to access them. There are just three chart kinds to choose from and no sketching tools. Trading Central mirrors the online platform's comprehensive research and associated capabilities. Overall, AvaTrade's mobile charts are nice, but they might be better.

Options-chain data is presented in a novel way in the AvaOptions app. Strike prices are shown on a chart, enabling traders to modify the strike price by dragging it higher or lower a feature that I found to be really useful. 14 preset options trading strategies are available, and picking an option plan will automatically fill the order ticket with options contracts linked to that strategy. My only complaint was that I was forced to hold my phone like a game controller for the whole app experience.

WebTrader and Options are AvaTrade's two proprietary platforms, but MetaTrader and ZuluTrade are also available (accessible via WebTrader).

Indicators, drawing tools, time periods, and chart formats abound on AvaTrade's WebTrader platform charts. It's fair to say that WebTrader still has some growing pains if it hopes to compete with proprietary platforms from industry giants like IG, Saxo Bank, and CMC Markets in terms of feature richness and depth. There were some issues with the platform I was using that resulted in the appearance of compressed chart data. As a consequence, in order to decompress the costs, I had to repeatedly zoom out by dragging up or down.

AvaTrade's proprietary WebTrader platform has a responsive look that I considered to be well-designed. In 2021, AvaTrade got our award for the best new platform because of its rapid development. Trading Central's range of tools was also incorporated directly into the platform. The AvaProtect function is available on both the mobile and desktop versions, despite the fact that the mobile version just has notifications.

To compete with eToro and Pepperstone, AvaTrade's consistent development in growing and strengthening its copy trading product has been a boon for the company. ZuluTrade, DupliTrade, and MetaTrader's native Signals market are all available via AvaTrade. In addition, AvaTrade and Pelican Exchange have partnered to establish AvaSocial in the United Kingdom.

Traders that deposit at least $1,000 into AvaOptions, AvaTrade's FX options platform, are eligible for AvaOptions. Microsoft's.NET Framework 3.5 SP1 is required for the desktop version, which is only available for Windows. To the point that I couldn't figure out how to use the platform, even as an experienced trader, The platform, which is clearly geared at professionals, is in desperate need of an upgrade.

An in-house research team at AvaTrade creates new videos and articles every day, and Trading Central research modules are available to all customers. Despite the fact that AvaTrade has made progress in this area, their research still falls short of the offerings of the top forex brokers.

Beyond its support for ZuluTrade, AvaSocial, and DupliTrade for copy trading, AvaTrade's research offering is the major feature of its research. In addition to its Market Buzz, Analyst Views, and Featured Ideas capabilities, Trading Central now provides an economic calendar and live news. AvaTrade's online interface is directly connected with Trading Central (available in MT5).

In addition to daily blog posts with market analysis, AvaTrade now publishes market videos on its Vimeo and YouTube accounts.

AvaTrade's SharpTrader brand and its in-house experts, as well as third-party suppliers like Trading Central, all contribute to the wealth of instructional resources available via AvaTrade.

AvaTrade's website has 103 articles that span a wide range of subjects, from beginner to expert. As part of AvaTrade's SharpTrader programme, the company offers in-depth courses arranged by expertise level. Progress monitoring and integrated quizzes are included in these courses, which incorporate both video and textual material.

The 48 instructive films produced by AvaTrade cover a broad variety of topics, including Donchian Channels (what they are, and how traders can use them). Video webinars hosted by AvaTrade may be found on the company's YouTube and Vimeo channels.

Despite the fact that the WebTrader and AvaTraderGo online and mobile platforms already provide video training, they might benefit from more integrated video material.

There are 11 locations of AvaTrade throughout the world, and the company offers different trading platforms for web, desktop, and mobile devices. The company offers spot forex, forex options, and CFDs across a wide range of asset classes, including cryptocurrencies. It is estimated that AvaTrade has completed over $1.47 trillion in traded value since its debut, thanks to its 300,000 registered traders who conduct over 3 million deals each month.

There are a number of financial centres where AvaTrade maintains regulatory licences. Its headquarters are in Ireland, where the Central Bank of Ireland serves as its regulator and the Investor Compensation Company DAC (ICCL) offers up to EUR 20,000 of maximum payment in the case of their broker's bankruptcy. AvaTrade's agreement with Friedberg Direct required regulatory permission in Canada, allowing it to serve Canadian customers.

AvaTrade's withdrawals take between one and two business days, which is in line with other forex brokers. Depending on the mode of withdrawal you choose, the withdrawal time might also vary. Even though you may have been verified when you opened your account, your broker may require you to give an updated proof of ID and proof of residence in order to complete your request if it has been a long time since you've been able to access your account.

When you open an account with AvaTrade, you'll need to deposit at least 100 currency units. Using a credit card or a wire transfer, you may fund a USD account with a minimum deposit of $100. However, AvaTrade suggests that traders who want the full AvaTrade experience begin with one to two thousand of your choice base currency (EUR, GBP, AUD) as accessible alternatives.

When it comes to AvaTrade, your money is just as secure as it would be with any other online broker that is licenced and approved to keep client cash throughout the world by top-tier governments. There are more than 300,000 registered users and millions of dollars in deposits at AvaTrade. You should only deal with brokers that are well-capitalized, as well as properly regulated, since there is always a chance of losing money.

AvaTrade is regulated by many institutions, including the Central Bank of Ireland, and all customer funds are kept separate from the company's own. Additionally, AvaTrade is WebTrust-compliant, and adheres to best standards in terms of protecting customer information.
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The process of creating an account is simple and completely digital. AvaTrade provides a number of no-cost methods for making deposits and withdrawals. Research and educational resources are plentiful, and they're all very user-friendly.

While this may seem like a plus, the company's product offering is somewhat restricted; the company only provides forex and a few CFDs (for stock index and commodity CFDs, for example). Inactivity fees are expensive, and forex trading costs aren't among the most competitive in the industry. '

In terms of CFD and FX costs, AvaTrade is in the middle. Inactivity fees are expensive, while withdrawals are free.

Fees for the S&P 500 CFD are included in the spread, which is typically 0.5 points during peak trading hours.

Fees for trading the Europe 50 CFD are included in the spread, which is typically 2 basis points during busy trading hours.

In peak trading hours, the EURUSD spread costs an average of 0.9 basis points.

Cost for inactivity: $50 each quarter after three months of inactivity; a further yearly administration fee of $100 is applied after 12 months of non-use in a row.

All other brokers' fees were taken into consideration while ranking AvaTrade's fees.

When you trade, you'll be charged costs. Commissions, spreads, interest rates, and fees for currency conversion are examples of these costs.

For example, withdrawal fees and inactivity costs are examples of non-trading fees.

Trading expenses can be easily calculated because to the clear fee structure. But if you care more about the cost of trading currency pairings than anything else, there are better options available.

We understand that comparing CFD trading costs might be difficult. So, what strategy did we use to make their fees crystal clear and comparable? Compare brokers based on the total cost of a deal in chosen items.

Leveraged positions are typically purchased, held for a week and then sold. We opted for a $2,000 stock index and stock CFD account and a $20,000 FX position for the volume.

All brokers' spreads, commissions, and financing expenses are included in this all-inclusive benchmark prices. Let's wait and watch how AvaTrade fees turn out.

AvaTrade's fees are in the middle of the pack when compared to their rivals in the key currency pairings we examined above. Forex spreads include trading expenses.

Non-trading costs at AvaTrade are a mixed bag. AvaTrade does not charge any account fees, and deposits and withdrawals are free as well.

One drawback of AvaTrade is that it charges a $50 quarterly inactivity fee after three consecutive months of no activity. In addition, a $100 yearly administration charge will be withheld after 12 months of non-use. AvaTrade's inactivity-related charges are significant when totaled.

AvaTrade's account opening process is simple and completely digital. Within minutes, you may begin trading.

AvaTrade accepts most nations, with the notable exclusions being the United States, Belgium, and Iran. In Israel, AvaTrade is known as Atrade, however we haven't used their services.

For credit/debit cards and e-wallets, a minimum deposit of $100 is needed. The minimum deposit is indicated as $500, however live support informed us that it is $100 by bank transfer.

Requesting AvaTrade to establish a Professional Trading account for you, where the leverage is larger than the Standard account, is possible for experienced traders. In order to qualify, you must have at least a year's worth of experience in the financial field, as well as a portfolio of at least 500,000.

It's simply like opening an account with most other CFD and Forex brokers:

Enter a few pieces of basic personal information about yourself (you can use one of your social media profiles like Facebook or Google, too)

Assess your knowledge about trading by answering a few questions.

Upload a copy of your ID, driver's licence, or passport, as well as a copy of a recent utility bill or bank statement, to prove your identity and address.

Deposits and withdrawals at AvaTrade are completely free of charge. It took us three days to get the money out of our account, and debit card deposits might also take time.

Choose from a wide range of different base currencies when trading with AvaTrade. Clients in Australia can only use AUD, while those in the United Kingdom can only use GBP. The following base currencies are available: EUR, GBP, USD, CHF, AUD, ZAR.

By creating a multi-currency bank account with a digital bank, you may save money on currency conversion costs. They often provide bank accounts in many currencies, as well as free or low-cost international bank transfers, to its customers. You may open an account on your phone in less than a minute.

Deposit fees are not charged by AvaTrade. The following electronic wallets may be used in addition to bank transfers or credit/debit cards to deposit funds.

$100 or 100 units in the other base currencies is the bare minimum deposit amount you may make. Live service informed us that the minimum deposit by bank transfer is $100, despite the fact that it is listed as $500. (or equivalent).

It took 4-5 hours for our money to show up after we made a deposit using a debit card. Because AvaTrade had to validate the deposit, they stated it took so long. This is a minor annoyance, since most other brokers allow quick credit/debit card deposits.

When depositing through bank transfer, the process might take several days. In order to make a deposit, you must have a bank account in your name.

AvaTrade does not charge any fees for withdrawing money from your account. Deposits and withdrawals may be made using the same methods.

When you use a debit or credit card to withdraw money, you're free to do so, but there is an upper limit on how much money you may take out at any one time. You must utilise a bank transfer to withdraw more than this amount.

Can I get my money out of AvaTrade in a reasonable amount of time? It took us three business days to withdraw money from a debit card.

Accounts that are not in your name may only be accessed by you when withdrawing money.

AvaTrade's online platform is simple to use, attractively designed, and equipped with a special order type that guards against losses. Customizability, two-step logins, and price notifications are all missing from this app, though.

Because these are the most widely used trading platforms, we focused on WebTrader, MetaTrader 4, and AvaOptions for our evaluation. Our evaluation of the WebTrader platform is the foundation for our scores and the creation of our Pros/Cons list.

Note that the MT5 platform is the sole way to trade most ETF CFDs and individual stock CFDs.

In addition to English, Webtrader is also available in a number of other languages, such as Dutch and Hungarian as well as Thai and Indonesian as well as various Germanic and European dialects as well as Polish as well as Arabic, Mongolian, and Russian.

Webtrader is a well-designed and easy-to-use platform. The site is easy to use, even for first-timers. However, you can't modify the size or location of the tabs, for example.

WebTrader only allows one-step registration. Two-step authentication would be a better security measure.

In terms of search, the platform does an excellent job. You may start typing the name of an asset or click on one of the asset categories to conduct a search.

Read this summary of order kinds to properly comprehend these words. It's also possible to establish an order's expiration date and time using the Good til Time (GTT) order time restriction.

You may purchase AvaProtect, a hedge/insurance product from AvaTrade, for a fixed price based on the length of time you want your transaction to be protected (1 hour, 1 day, etc.) AvaTrade will cover any losses you incur as a result of the deal. Only market orders may make use of this feature; limit orders are not eligible. Please note that you cannot establish price alerts or notifications.

AvaTrade's portfolio and fee reports are easy to understand. They may be found in the 'History' section of the website. You may also check the swaps charged by clicking on your holdings.

There are a huge variety of languages supported by MetaTrader 4.

The MetaTrader 4 platform is quite flexible. The tabs may be resized and shifted around with ease.

The platform, on the other hand, has a dated appearance and several features are difficult to locate. Adding an object to the watchlist, for example, took some time to find out.

MetaTrader 4 has a one-step login like the WebTrader platform. To be more secure, two-step authentication is needed.

Search options are adequate. Assets are organised into categories. However, the normal search tool, which allows you to manually enter in the name of an object, was absent.

MetaTrader 4's online trading interface does not provide the configuration of alerts and notifications. Only the PC trading platform and the mobile app have access to this function.

The portfolio and fee reports in MetaTrader 4 are very clear. It is easy to see how much money you have made and how much money you have lost. The 'History' tab has all of these documents. Despite our efforts, we were unable to get a copy.

Developed by AvaTrade, AvaOptions is a proprietary options trading platform. Only English is spoken on the platform.

Using AvaOptions will be a breeze because to its straightforward design and user-friendly interface. The underlying asset and the trading method may be readily selected. However, it isn't fully adjustable; for example, the parts' sizes and locations cannot be altered.

AvaOptions, like the WebTrader platform, just requires a single login. To be more secure, two-step authentication is needed.

There's a good search option on the platform. You may begin typing the name of an asset to do a search.

AvaTrade's portfolio and fee reports are easy to understand. They may be found in the 'History' section of the website. You may also check the swaps charged by clicking on your holdings.

AvaTradeGo is a contemporary, easy-to-use software that includes the AvaProtect insurance programme. However, the app is only available in English and the order kinds are restricted.

AvaTradeGO, the company's own mobile trading platform, is one of the three platforms offered by AvaTrade. For trading FX options, AvaOptions is AvaTrade's own mobile trading platform. An established third-party trading platform is MetaTrader 4.

AvaTradeGO, the most popular trading platform, was the focus of our investigation. Both Android and iOS users may take use of it. Android was the platform we used for testing.

In addition to being visually appealing, the AvaTrade mobile trading interface is easy to use.

In addition to the normal smartphone functionality, such as search and alarms, the app also includes educational videos and customer service chat.

AvaTrade only allows for a single-step sign-in. Fingerprint authentication is an option as well, for even more ease of use.

There is an excellent search function. A list of relevant outcomes emerges when you type the name of an asset into the search box. Alternatively, you may go through the different categories.

It is possible to use AvaOptions on a mobile device, thanks to AvaTrade. It contains the same features as the browser version, although it may seem a little clumsy from time to time.

The mobile version of AvaOptions is the same as the online version. Despite being a mobile platform, the platform is well-designed and has a wide range of features, although it is difficult to use on a mobile device.

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AvaOptions, like the WebTrader platform, just requires a single login. To be more secure, two-step authentication is needed.

The platform's search is difficult to locate. Tap on the pencil icon on the top left, next to the Ava logo, to open the pencil menu.

The mobile version of AvaOptions offers the same options strategies and transaction information as the online platform.

AvaOptions provides comprehensive information on the portfolio and fees. Under the 'My Account' and 'History' tabs, you may discover them. You may also check the swaps charged by clicking on your holdings.

AvaTrade's MetaTrader 4 desktop platform and the MT4 online platform are almost identical in terms of look and functionality. On the desktop interface, you may create price alerts, which is a significant distinction.

It is possible to trade on the desktop using MetaTrader 4 and AvaOptions. Forex options trading requires the use of the second method.

We focused on the MetaTrader 4 desktop trading platform in our evaluation since it provides access to a wider range of financial instruments outside only currency options.

The MT4 online trading platform's architecture, language support, order types (including trailing stop), search capabilities, and portfolio and fee reports are all carried over to this platform. Right-click on a position and choose 'Save as Detailed Report' from the 'Account History' menu to access these reports.

On the desktop trading interface, you may establish mobile push and email notifications for alerts and notifications. You'll need to provide your email address and mobile MetaQuotes ID (found in the MT4 mobile app's settings) in order to get alerts by email or mobile device. You can add them if you go to 'Tools' and then 'Options.'

Only forex and CFDs, such as stock, index, forex, and commodities CFDs, are available via AvaTrade's platform. Real stocks, bonds, and mutual funds aren't available on the platform.

There are some CFDs offered by AvaTrade, which is primarily an FX broker. Learn more about CFDs by reading our CFD trading guide.

Although AvaTrade's currency pair selection falls short of its rivals, it's still in the ballpark. The CFD coverage of individual equities and ETFs is mediocre at best.. Trading these stocks on MT4 or WebTrader is not an option since most of them can only be transacted on MT5.

Japanese and European government bonds are included in bond CFDs. In contrast to many other brokers, AvaTrade allows you to trade the VIX index as well.

The AvaOptions platform now offers foreign exchange (FX) options. There are more than 40 assets to trade at AvaOptions, including futures and options. A secondary account from your primary one is required for this.

AvaTrade does not allow you to adjust the default leverage level of any of its products. We believe you should be in charge of this. If you wish to reduce your trade's risk, you may do so by adjusting your leverage. Preset leverage settings may be too high while trading forex and CFDs.

DupliTrade and ZuluTrade, two third-party social trading platforms, are available via AvaTrade. This feature is available on both services.

Trading with ZuluTrade requires a $500 deposit, whilst DupliTrade requires a $2,000 down payment.

AvaSocial, the company's mobile app for social trading, is another feature of AvaTrade. With AvaSocial, you can follow other traders, interact with them, and imitate their trades with a single touch of your finger. The FCA regulates Pelican Trading, a third-party supplier of this service.

AvaTrade's research tools are easy to use and include anything from trade tips to a more current news feed. There was just one thing we didn't have: fundamental data on the stock market.

Trade Central, a third-party research service, offers AvaTrade with trading suggestions. Technical analysis is the only basis for these concepts, which may be used across many other asset classes and currency pairings. These ideas may be found by clicking on "Trading Central" and then selecting "Analysts Views" or "Featured Ideas" in order to access them.

AvaTrade's economic calendar is the greatest location to get basic data. For example, if you notice that a Bank of Canada interest rate decision is imminent, you may click the "impact" option and examine how the USD/CAD price has changed in response to previous choices.

AvaTrade's charting tools are excellent. An intuitive user interface makes chart editing a breeze. More than enough, in our opinion: a total of 90 technical indicators are available.

Trading Central's news feeds for AvaTrade impressed us. Market Buzz is where you can find them.

The news streams for a given asset may be filtered, and a sentiment score for that asset is also shown. For example, if all of the articles are favourable, then a 100% positive score is awarded.

Another useful tool is Trend Analysis, which tells you if an item "may fall" or "may climb" by a certain percentage. Technical analysis by AI software was used to generate the headline, which is based on certain sensationalist trading ideas as well as the headline itself.

Though the quality of the data supplied in "Market Buzz" is not high enough to be relied upon for trading choices, it is still much more valuable than the news feeds provided by the competitors of other MetaTrader brokers.

AvaTrade also maintains a blog where they publish market information on a regular basis. There is a wide range of material, including current events (politics and economics), as well as frequent market commentary provided in videos, which includes some technical analysis and setups.

AvaTrade's customer service is excellent, with rapid and accurate replies in a wide range of languages. Sadly, customer service is only accessible 24 hours a day, five days a week, not round the clock.

AvaTrade's live chat is excellent. A customer service representative was available promptly, and we didn't have to wait long to get through to them.

A lot of useful information was provided. If you're not fluent in English, you can converse in any of a slew of other languages as well.

Phone service from AvaTrade is adequate. To avoid having to dial an international number, the website provides a comprehensive list of local phone numbers for most countries. Calling customer support had inconsistent results: sometimes we were instantly connected, while other times we had to wait for more than three minutes until the phone call was terminated.

Within a day, we got responses to our emails. Even when the response we got didn't directly address our query, it simply sent us to an external website, as was the case on one instance,

We wished we could have access to 24/7 service. Despite the fact that AvaTrade customer service is only accessible 24 hours a day, seven days a week, many people consider this a favourable sign for the company.

AvaTrade has a wealth of educational resources and a free sample account to help you get started.

Trading fundamentals, economic indicators, and charting are all covered in detail in AvaTrade's education area.

You'll find a decent number of videos in the library, most of which are of excellent quality. On a regular basis, AvaTrade also offers webinars.

Several regulatory agencies keep tabs on AvaTrade. Despite the fact that it is a well-known brand, it is not listed on any stock market, does not provide financial information, and does not share its parent company's bank information.

It has also been authorised by the Polish Financial Supervision Authority that AVA Trade EU Ltd runs a Polish branch under the AvaTrade EU authorisation. AvaTrade was created in 2006 and is situated in Ireland.

There are a number of AvaTrade subsidiaries, and which one will best service your needs depends on where you live. As an investor, it's critical that you know this since the level of investor protection and the regulatory authority differs from company to company

In 2006, AvaTrade was founded. The longer a broker has been in business, the more evidence there is that it has weathered prior financial crises effectively.

Being a well-established company with several authorities overseeing it, including some of the most prestigious, bodes well for AvaTrade's security.

The Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC) have regulated AvaTrade, making it a secure option for traders throughout the globe.

We appreciated how simple it was to establish an account. All of the deposit and withdrawal options are completely free of charge. In addition, we appreciated the wide range of tools available for conducting research.

However, there are some drawbacks to using AvaTrade. There is a high inactivity fee and only forex, CFDs, and cryptos are available for trading. Finally, if forex trading costs are a major problem, consider other options. Feel free to give AvaTrade a try, since there is a low minimum deposit and your account will be ready for trading in no time.

The AVA Group of companies includes AvaTrade, one of the world's leading forex brokers. AvaTrade was founded in 2006, making it one of the oldest online brokerages in existence. The trading platforms, mobile app, deposit options, and MT4 integration are all covered in our review. Also included in our analysis are spreads, commissions, and leverage. Find out whether Avatrade is right for you if you wish to trade anything from Bitcoin to vanilla options.

There are currently offices in Japan, Australia, Ireland, and the British Virgin Islands, all of which are part of the company's global network. In addition to being one of the world's leading online brokerages, AvaTrade allows customers from a wide variety of countries and currencies.

With the announcement of a huge collaboration with Manchester City, it is clear that the brand is growing and becoming more well-known.

AvaTrade makes use of the industry-leading MetaTrader 4 trading platform.

AvaTrade's fees are very reasonable, and the markup on most currency pairs isn't excessive.

In only a few minutes, you may open an AvaTrade account and start trading.

Traders may practise their techniques on a demo account before putting any money into the system.

Traders can use AvaTrade's technical tools to better understand market trends and build charts.

In addition to the $100 annual fee, there is a $50 inactivity fee if you don't use your AvaTrade account.

If you are a novice trader, you may not realise the risks associated with certain trading instruments because this platform, like many others, is difficult to use (e.g. CFDs).

AvaTrade can only be used by people who are familiar with computers.

You might lose a lot of money if you're not cautious while using any trading site.

Learn more about online trading brokers for UAE citizens and residents.

Sites like AvaTrade in the UAE

Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.

The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.

Keep learning about online trading

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.