AvaTrade is a forex and CFD trading platform and broker.
The web platform offers limited customisation but has good search functionality. The desktop version is poorly designed but offers decent customisation. The mobile app is in English only.
There are low fees for forex trading but high inactivity fees.
AvaTrade comes with excellent educational tools such as a demo account and trading tips.
Overall, the platform is easy to use, and opening an account is straightforward. However, the product range is limited.
Regarding safety, AvaTrade is regulated by some European banks. However, it is not listed on the stock exchange, nor is its financial information available to the public.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
