It is an instrument reserved for only highly experienced investors. That said, they are cheap to trade and because of the leverage involved, day traders love them to make money by moving in and out of positions quickly. AvaTrade offers a wide range of assets and instruments for investors to choose from. However, it is most well known for its forex and CFD trading options. AvaTrade has been granted regulatory approval by 6 regulatory bodies, including Canada’s own IIROC.

AvaTrade’s software is a good fit for experienced investors that want to trade primarily in foreign exchange and currency pairs. You’ll need to sign up for the AvaOptions platform to trade options, which many other forex dealers don’t allow you to trade. Crypto trading brokers use leverage and binary options to create big potential, and will ask Canadians to make just a small deposit to get started. This makes crypto trading potentially be more lucrative than direct crypto exchanges in Canada. If there is one thing that Avatrade should consider improving on, however, it is its offering of trading account type as it only offers a standard account.

What are the best Forex brokers?

Customers can have a demo account with no time limit and thus access all AvaTrade trading platforms. Oanda charges lower financing costs when compared to margin interest rates at some Canadian brokerages. For example, as of July 13, 2022, the annual long rate for the S&P 500 was 4.03%. While that's higher than brokers like Interactive Brokers, it does give you access to leverage not offered by other brokers.

Alternatively, you’ll access the trading platform through your browser – this is often also fitted to Mac users. Access a good range of markets spanning Forex, crypto-currencies, shares, metals and more on competitive spreads. After registering https://forex-reviews.org/avatrade/ and connecting the account you will fund your AvaTrade brokerage account with, you will be able to start trading right away. Check out the spread cost table below to see what you might end up paying in trading fees for Forex, stocks and ETFs.

How to choose a Forex broker?

Unfortunately for Avatrade, it only offers a lone trading account type. However, it is also among those top, considerate brokers that offer a demo account for beginning traders. They offer equities, ETFs, mutual funds, options, GICs, bonds, and IPOs.

Not many forex traders worldwide can pride themselves in such huge volumes of trade. Avatrade boasts of its various research materials through its different trading platforms. This feature enables traders to look at the market scenario through technical and fundamental lenses. These analysis features are mostly available to all brokers online.

AvaTrade Canada deposit and withdrawal

Plus, the CIBC Smart Account is a bank account that offers free unlimited Interac e-Transfers and debit transactions, with free SPC+ membership. Options trading for young investors still come with a commission of $6.95 plus $1.25 per contract. In order to empower day traders, CFD Forex brokers often allow leveraged or margin trading which allows individuals to trade with more money than what they currently own. For the service of providing access to Forex markets and essentially lending money to traders, Forex brokers charge account fees, commissions and spread fees in order to make a profit. If Avatrade makes a good impression about its safety and serviceability, the next thing that should be carefully considered is its trading platforms, along with its features.

This effectively means that profits on successful trades are amplified. But herein lies the danger of leverage – losses on unsuccessful trades are also boosted. The success of any trade depends greatly on the trust and confidence that stakeholders have in each other. In case of forex trading with Avatrade, there is evidently a lot of confidence in the forex trading broker. The Ava group has been handling forex related trade for investors since its founding in 2006.

How Investor Friendly Is Avatrade?

As when using your credit card the details of the card holders are shared with the platform. The only exception to this is if you are using an anonymous bitcoin debit card, which still allows you enough privacy. With the AVAOptions trading platform, canadian traders can buy & sell vanilla options (contracts) of a specific financial instrument at a predetermined time, fixed price, and fixed amount. When you trade these options, you have full control over the price you’re trading at, the underlying financial instrument, and the quantity you are trading. Regulators also check that brokers are not making unfounded claims or using dubious marketing tactics. Furthermore, in the case of a conflict, investors have a level of recourse with a third-party body whose express obligation is to protect investors.

AvaTrade currently has 200,000 registered traders around the globe, who place more than 2 million trades every month. As an AvaTrade customer you can rest assured you get the choice, support and security you need. For instance, when you go long on EURUSD, you are buying the euro, while at the same time selling the US dollar, with the aim that the euro will strengthen relative to the US dollar. Forex as an investment opportunity, has long existed in the world, but it has only become widely available to the retail trading community in the last decade or so.

Assignment and automatic exercise of options come with a flat commission of $28.95. BMO's 5 Star Program gives discounted pricing for active traders or for those with large account balances. You can qualify for the first 5 Star membership level by making between 15 to 74 trades in a quarter, or if you invest at least $250,000. 5 Star membership gives you the ability to receive free real time quotes with BMO Market Pro, dedicated support lines, and a professional investing platform. TD charges a quarterly maintenance fee of $25 if you don't deposit at least $100 every month. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at

• Finally, some modern stock brokers nowadays provide Bitcoin trading as well, as the cryptocurrency could show that it has to be taken seriously as an asset.
• This equals to a 6.9% annual margin rate charged for buy positions, which may be higher than margin rates offered by traditional brokerages.
• In addition, it agreed to return the remaining funds in dormant accounts held by Ontario investors.
• Customer service representatives are available 24/5 online and on the phone in over 30 different countries and 11 languages.

Scammers understand that the hardest part of the entire trading activity is identifying and taking advantage of the best trading opportunities in the market. Naïve investors believe they will be on the path to unlimited cash when they can get their hands on a ‘holy grail’ trading system that will suck profits from the market 24/5. Any promotion of a software or trading company that claims to have a ‘holy grail’ trading system that will insulate you from losses in the market is a scam and should be avoided entirely.

Conclusion: Trade with AVATRADE!

No matter what platform you use, your trades will all be covered by AvaProtect. AvaProtect is a risk management tool allowing users to protect themselves against losses of up to one million dollars within a selected time period. Considering what AvaTrade has accomplished in the last decade and a half, we can expect more innovative platforms and tools to come from this broker. You’ll pay an annual maintenance fee for your account as well as a spread on every trade you make. Know-how and develop trading strategies and technical skills to make them better traders. It is a multi-regulated broker with first-class trading conditions, which scores with a large trading range and diverse trading software.

• You’ll pay an annual maintenance fee for your account as well as a spread on every trade you make.
• It is a popular choice among Forex traders in Canada, offering competitive spreads and access to over 90 currency pairs.
• The Respondent confirms that Ava Trade has liquidated and/or closed all of its Canadian client accounts and completed the transition of any clients who elected to do so to Friedberg.
• Easy transfers to and from RBC bank accounts make this a convenient way for RBC clients to invest in a wide range of Canadian and U.S. securities, including stocks, bonds, GICs, mutual funds and ETFs.

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