AvaTrade is a well-known international business, famous for its several forexes and CFD trading platforms and its excellent training materials, which earned it the title of “Best in Class” for beginners in 2022.

Based on our analysis, AvaTrade is a solid broker that excels in copy trading and mobile technology while still being priced and offering research in accordance with the industry norm.

Presenting Investment Opportunities

The markets you have access to when trading with AvaTrade is determined by which trading platform you use and which of the brand’s global organizations manages your account. While 1,260 symbols are available in MT5, and almost as many in WebTrader, a small number of symbols have been temporarily removed.

AvaTrade facilitates cryptocurrency trading using Contracts for Difference (CFDs), but not direct cryptocurrency asset trading (e.g., buying Bitcoin). But before starting the trade you should check AvatradeReview.

Pros

• When it comes to trading CFDs and FX, AvaTrade, which has been around since 2006, is a safe broker (low risk) thanks to its regulation in three tier-1 jurisdiction and three tier-2 jurisdictions.
• In addition to MetaTrader, AvaTrade provides its own platforms, AvaTrade WebTrader & AvaTradeGO, which include cutting-edge tools like AvaProtect.
• Clients of AvaTrade have access to a top-notch FX alternatives mobile trading platform in the form of the Sentry Derivatives-powered AvaOptions app.

Cons

• Retail pricing is competitive compared to the market but still lags below market leaders.
• Unlike its mobile cousin, the AvaOptions desktop interface is sluggish to load and features an out-of-date appearance.
• AvaTrade offers trading in 1,260 different symbols, however at least 351, across both the Met Trader and WebTrader platforms, are temporarily unavailable.
• Only Trading Central courses and one or two articles and videos each day are available for study.

Online trading platforms for mobile devices

Most traders (beginners included) will be pleased with the mobile experience given by AvaTrade’s proprietary applications, while they aren’t quite as sophisticated as the mobile apps supplied by industry leaders like Saxo Bank, CMC Markets, or TD Ameritrade (U.S. residents only). However, AvaTrade keeps becoming better in this regard, and they offer a feature-rich set of tools for traders.

In terms of mobile apps, AvaTrade supports both the complete MetaTrader suite (MT4 and MT5) and its own unique mobile platforms, AvaTradeGO & AvaOptions, for both Android and iOS.

Convenience: The AvaTradeGO app is quite similar to the web version, and it has a powerful default set of syncing watchlists, and a volatility protection tool called AvaProtect. For an additional fee, AvaProtect enables investors to partially hedge their open trades with a fx option, mitigating some of their exposure to market risk.

• While the AvaTradeGO app’s charts do have 93 indicators, I found that accessing them required several taps and swipes.
• You may only choose between three different chart types, and there are no sketching tools
• Like the web-based platform, Trading Central includes integrated research and associated tools. AvaTrade’s mobile charts are rather decent, although there is always space for enhancement.

The AvaOptions app provides a fresh perspective on presenting option chain information, and it is well-designed to boot. AvaTrade’s ability to superimpose strike prices on a chart and let traders adjust the strike price by dragging it up or down is a tool I found to be quite useful. Option plans can be selected from a list of fourteen predefined options trading methods, with the corresponding options contracts being added to the order ticket automatically. The fact that I had to hold my phone like a game controller because the app could only be used in landscape mode was a major irritation.

Best App for Forex Trading:

Bloomberg

Some of the iPhone and Android apps that Bloomberg offers are only available to people who have active Bloomberg subscriptions. Traders whose only concern is keeping up with the latest market news will find that even the most fundamental version of its business mobile app is more than adequate.

The app provides users with data on market prices, portfolio tracking tools, and news about markets and businesses around the world. Any changes you want to make to the menu can be done.

Traders can keep tabs on their currency, commodity, stock, mutual fund, and exchange-traded fund (ETF) positions with the Watchlist function, which provides charts and data summaries for analysis. Users also get access to a live video feed of Bloomberg TV. Thus, makes it the best app for forex trading.