Review: A very old brand going back to 2006, Avatrade has seen its ups and downs. It's a site similar to eToro.
Avatrade: Although this broker is primarily Israeli, their base of operations has been Dublin, Ireland for quite a number of years now.
It's still a significant player in certain countries where online CFD trading is more popular than investments in the traditional stock markets.
It's got both negative and positive testimonials available on Google for you to go through.
It's regulated in multiple countries, including the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) - if that matters for someone living in Qatar.
Review: It's an OK broker, but if I had the choice, I'd would go for some other brand.
Yes, the official website and app of this broker is safe, legit and trustworthy.
AvaTrade offers a wide range of trading options, including FX and CFDs on indices, equities, commodities, and exchange-traded funds (ETFs).
Review: Is AvaTrade a decent platform?
Many investors are choosing AvaTrade because of its extensive experience, extensive regulation, and a variety of trading opportunities.
In order to establish an account as quickly as possible, you may use your Facebook or Google account to join up.
Review: AvaTrade just requires you to submit a copy of a
government-issued ID and a utility bill or bank statement to complete
the KYC process.
With AvaTrade, we discovered a variety of account options to suit a wide spectrum of traders.
Legal businesses may open a corporate account, whereas individuals can open an options account only for the purpose of trading FX options.
The Standard Account and the Professional Account are the only options available to the majority of customers.
Spread Betting Accounts may be opened by citizens of the United Kingdom and Ireland.
With the professional account, traders will have access to greater leverage and will be required to show they have relevant industry knowledge, have been actively trading for at least a year, and have a portfolio worth at least €500,000.
Review: All traders have free access to an AvaTrade demo account, of course.
There is no cost to register a normal account, and the minimum first deposit is simply $100.
AvaTrade has four separate platforms: a web trader, a mobile trader, AvaOptions for CFD options trading, and AvaSocial for copy trading.
Review: AvaTrade's MetaTrader 4 and 5 platforms may be used on both PCs and Macs.
With just three order types – Market, Limit, and Stop – the AvaTrade online trader is simple and straightforward to use for newcomers.
AvaTradeGO, the mobile trading app, offers the same capabilities as the online trading platform, including the ability to utilise the MT4 mobile app with AvaTrade.
Deposits and withdrawals may be made in AUD, EUR, GBP, and USD.
As soon as we began our investigation into AvaTrade, we discovered that there were no deposit fees and a large range of payment choices, including NETELLER, debit/credit cards and bank transfers.
Fortunately, there are no costs for withdrawals as well. There is no fee to utilise the same deposit methods to withdraw money from Avatrade.
Review: As a low-cost CFD trader and an average fee FX broker, we found AvaTrade to be an appealing option.
An AvaTrade commission-free broker, the expenses are included into the spread.
Review: Fees for forex trading are somewhat higher, with an average cost of 0.9 pips during peak hours.
AvaTrade's 24/5 customer care is available through four channels: phone, email, WhatsApp, and live chat, according to our evaluation. Operating hours from Sunday night at 21:00 GMT to Friday till 21:00 GMT.
AvaTrade has a separate phone line for practically every nation it serves, including the United Kingdom, most of Europe, Australia, Japan, South Africa, Nigeria, China, and many more.
This forex broker, which is licenced and regulated worldwide, is a secure bet for investors. An additional benefit is the range of trading platforms and software that can be used with it.
AvaTrade is a hard-to-ignore trading choice because of its wealth of educational materials and tools, high leverage (up to 400:1), referral bonus, and free trial account.
Learn more about Forex.
Sites like Avatrade in Qatar
The companies listed in this section provide free registration and forex account opening for the residents:
- Olymp Trade: Crazy popular in Qatar, only God knows why. Thousands of Qatari residents have opened trading accounts at this online broker for some reason. (Olymp Trade Review)
- Ahli Brokerage: Backed by Ahli Bank, their brokerage competes indirectly with Doha Bank's and CBQ's retail trading segment. (Ahli Brokerage Review)
- ADS Securities: Started in 2011, regulated by the Securities and Commodities Authority – UAE; this broker is stationed in Abu Dhabi. (ADS Securities Review)
- Commercial Bank of Qatar: Provides local shares trading in the Qatar Stock Exchange (QSE). (Commercial Bank of Qatar Review)
- Amana Capital: They have offices in the United Kingdom, United Arab Emirates, Lebanon, Cyprus and Malaysia. (Amana Capital Review)
- QNB Financial Services: Qatar National Bank's brokerage services are mainly aimed at foreign institutional investors, mutual funds, domestic institutional investors, high net-worth Qataris, retail and corporate clients. (QNB Financial Services Review)
- Pepperstone: Started its operations in 2010, and is headquartered in Australia, and this is also where most of their forex trading clients reside. (Pepperstone Review)
- Forex.com: Started by GAIN Capital, this broker has been around a while and gets pretty high ranking in Google also (because of its default website name). (Forex.com Review)
- One Financial Markets: AxiCorp (Axitrader forex broker) owns this brand. (One Financial Markets Review)
- Dukascopy: A Swiss bank that focuses on providing financial trading and investment services, way more than what it's mandated to do by The Swiss National Bank, which is to offer its clients retail banking accounts. (Dukascopy Review)
- Plus500: They have been providing online CFD trading services in the Middle East including Qatar for over 10 years now. (Plus500 Review)
- HYCM: HYCM or Henyep Capital Markets has been in business for over 40 years, starting its operations back in 1977. (HYCM Review)
- eToro: An Israeli social trading broker with tens of thousands of clients from all over the world. It's also fairly popular in Qatar and competes with brokers like the IQ Option and Olymp Trade. (eToro Review)
- XM Markets: No one really knows which country this broker started its operations from or who really owns it, but it does spend a tremendous amount of money on Google and YouTube ads to promote their brand name. (XM Markets Review)
- ForexTime: FXTM is owned by Andrey Dashin, who also founded one of the world's first retail forex brokers back in the early 2000s called Alpari. (FXTM Review)
- IQ Option: Israeli broker that has a popular trading app on both Google Playstore and Apple App Store. (IQ Option Review)
Written by Tariq AlKhaldi
A professional Banker and a part-time writer of financial topics. I'm energetic and highly committed having 10 years of Islamic Banking experience. Full Bio.
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