In 2006, AvaTrade was established in Dublin, Ireland. Currently, AvaTrade has branches in 150 countries. It has over 200 000 registered users and processes over 2 million agreements monthly. AvaTrade is a well-founded and trusted broker.
They are certified across five continents and are one of the market leaders. The broker is maintained by the Australian Securities and Investment Commission, the Japanese FSA, and the South African FSCA. Here are the best AvaTrade alternatives.
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Best AvaTrade Alternative 2022 – Finest App
AvaTrade was certified by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade permits traders to trade funds, surety, guides, digital currency, and currency pairs.
The minimum deposit for AvaTrade is $100. The trading conditions have a license. AvaTrade has four main support currencies: USD, EUR, GBP, and AUD. 10 business days can take up to Bank transfers. AvaTrade is making me move out because of the following reasons.
- The site interface is not user-friendly.
- Customer service efficiency and response time.
- There are trading terminals that are prone to freeze occasionally.
- Withdrawals might take up to 10 days.
- High Inactivity Fees, $50 per Quarter.
| Product Name | Money Back | Live Support | Rating | Action |
|---|---|---|---|---|
| Exness | Yes | Yes | 4.2 | Visit Website |
| ExpertOption | Yes | Yes | 4.3 | Visit Website |
| FBS | Yes | Yes | 4.5 | Visit Website |
| FinFxPro | Yes | Yes | 4.0 | Visit Website |
| Forex.com | Yes | Yes | 4.5 | Visit Website |
Best Alternative of AvaTrade
AvaTrade offers various ways to trade. Most traders can get profit from an extensive difference in trading platform options. AvaTrade has third-party tenets such as MT4 and MT5. Their own AvaTradeGO and Webtrader as well. AvaTrade provides a large-scale selection of trading platforms.
AvaTrade is a good trading app for beginners, But there are a lot of negatives about this app on the turnover side of these significant facts since the app has much more not to serve its user. One of the five best AvaTrade alternatives, which are just amazing and always a winner. The mentioned below are the best AvaTrade Alternative Brokers.
Alternative #1: Exness
Alternative #2: Expert Option
Alternative #3: FBS
Alternative #4: FinFxPro
Alternative #5: Forex.com
Alternative #1: Exness
Since 2008, Exness Trading Company has been working in the Forex market. The broker’s activity is controlled by Nymstar Limited, a company registered in the Republic of Seychelles.
The service is regulated by licenses of CySEC, FCA, and Supervision of Great and FSA. The company’s monthly trading turnover totals USD 325.8 billion. The broker currently has CFDs for cryptocurrency, stocks, more than 120 currency pairs, energy, and metals.
Depending on the trader’s needs, there are many options for opening an account. A demo account is available for beginners, level traders, and professional traders. It will be the best AvaTrade Alternative.
Why Is Exness App The Best AvaTrade Alternatives?
Reason #1 – Instant Withdrawals
One advantage that Exness is proud of is its instant withdrawals. Due to this broker, you can carry out a withdrawal in just a few seconds. No manual processing is needed, and the withdrawal process is instant, even on the weekends.
Reason #2 – Free VPS Hosting
If you want fast and reliable execution, Exness has free VPS hosting. The uninterrupted internet coverage will safeguard against problems that could interrupt your trading.
Reason #3 – High Trade Volume
Exness has a brag-worthy trade volume. As of April 2022, it boasted $2.105 trillion in total trading volume. There are 281 270 active clients as of April of 2022, and these clients made a total of $870 million in withdrawals in the first quarter of 2022.
Reason #4 – Transparent Broker
Exness is a transparent broker. In addition to being regulated by several different organizations, it makes its reports publicly available so clients can view its audits and performance indicators.
Reason #5 – Comprehensive Price History
Exness provides clients with access to a historical archive of all price data. The broker draws this archive from the real-time pricing.
Features Of Exness
- 24/7 multilingual customer support.
- Spread starting from 0.0.
- High leverage.
- Free VPS.
- Open and transparent audit reports.
Pros
- Instant withdrawals, 24/7.
- Multiple account types.
- Offers Virtual Private Server (VPS)
- Offers Social Trading.
- No inactivity fees.
- No swap fees for most instruments.
- No withdrawal fees.
Cons
- Not available in Europe or the UK for retail clients.
- Limited regulatory oversight for clients of offshore entities.
Exness Frequently Asked Questions
What people say about it: I decided to try trading on mini. My impressions of Exness are generally positive. I was pleased with the speed of order execution, a precise closing on the stops, and protection from negative balance.
Buying Guide
- Download the MetaTrader 4 app.
- Register and open an account.
- Complete account verification.
- Make your first deposit.
- Choose a trading terminal.
- Start Trading.
Alternative #2: Expert Option
It is an online trading platform that offers over 100 different financial assets to trade, including currencies, commodities, stocks, and cryptocurrencies. ExpertOption, Located in Port Vila, Vanuatu, is regulated by the Vanuatu Financial Services Commission with license number 15014.
Since 2014, this broker has been around and has had over 13 million accounts opened. With more than 100 account managers, ExpertOption is one of the most popular and well-known trading platforms. Now let’s see why it is the best AvaTrade alternative.
Why Is Expert Option The Best AvaTrade Alternatives?
Reason #1 – Social Trading
ExpertOption provides social trading, a way to trade with your friends or see what other successful traders are depositing. You can see which assets people are trading, the market movements they are predicting, and how much profit they are making.
Reason #2 – Technical Analysis Tools
ExpertOption has different technical analysis tools for you to use, including four different chart types, trend lines, and eight different indicators.
Reason #3 – Training and Education
This broker has different online educational resources to help its traders learn the basics of digital options. These resources include video tutorials, daily market analysis, online webinars, and more.
Reason #4 – Customer Support
ExpertOption offers customer support in two languages, English and Hindi. You can contact their customer service team through email, phone, live chat, or contact form. Support is available 24/7 through their mobile apps.
Reason #5 – Regulation & Security
Expert Option has a certification concerning compliance with all applicable laws in place by FMRC. It is fully processed by the Vanuatu Financial Services Commission – VFSC. The client’s collections are held with investment grade-A banks in segregated accounts.
Features Of ExpertOption
- A wide range of accounts for traders with any skill level.
- Intuitive trading platform.
- The ability to trade is available for any device connected to the Internet.
- Low minimum deposit.
- The site is presented in 15 languages.
- Simple registration procedure.
- 24/7 support service.
- No commissions for transactions.
Pros
- High-Quality education material.
- Free demo account.
- Wide variety of cryptocurrencies.
- Easy to use, specially designed platform.
Cons
- No meta trader platforms.
- Does not accept many countries.
ExpertOption Frequently Asked Questions
What people say about it: People say that I opened a Micro account and gradually traded. I won’t know that you can earn millions of dollars here, but you can still gain revenue. And it is not even really stressful.
Buying Guide
- Download the MetaTrader 4 app.
- After installing, do the registration.
- SignUp/Login With your details.
Alternative #3: FBS
It is a global CFD broker founded in 2009. It is regulated by multiple financial authorities globally, including the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, the International Financial Services Commission of Belize, and the Financial Sector Conduct Authority.
The services provided by the broker differ a bit depending on the legal entity you open an account with. In this review, we focus on the services offered under CySEC but highlight relevant information for other legal entities.
Why Is FBS App The Best AvaTrader Alternative?
Reason #1 – Effortless Deposits and Withdrawals
With a healthy type of payment, including bank card, wire transfer, Skrill, Neteller, Rapid Transfer, STICPAY, Perfect Money, local banks, crypto wallets, local payment systems, and local exchangers, clients can deposit and withdraw their funds quickly and conveniently.
Reason #2 – Favourable Spreads and Commissions
Only three of six possible account types at FBS have commissions. The rest do not. ECN and Zero-Spread Account holders will pay $20 per lot and $6 per lot in commissions, respectively, and these accounts provide the lowest possible spreads.
Reason #3 – Leverage Up to 1:3000
Under IFCA and FSCA regulations, Micro, leverage on the Standard, and Zero-Spread accounts run up to 1:3000, the highest in the world. All accounts have leveraged up to 1:1000, except the ECN account, which gives up to 1:500.
Reason #4 – Low Barriers to Market Entry
Thanks to its learning model that does away with a dealing desk, traders can enjoy very low minimum deposits, starting with a $5 minimum deposit for a Micro account or a $1 minimum for a Cent account. These low barriers lower obstacles to entering global financial markets.
Reason #5 – Effective Customer Support
Customer service is available 24/7 in English and 20 other languages. Customer service methods include email, call back, live chat, phone, and social media. The FBS customer support team is committed to customer success and helping new and experienced traders overcome any issues they may encounter.
Features Of FBS
No requests.
Fixed-rate trading.
Near-instant payments.
MT4 and MT5 integration.
0.3 seconds market execution.
Pros
Ultra-low minimum deposits.
Competitive zero-pip spreads.
Cryptocurrency trading account.
No commissions on deposits and withdrawals.
Cons
- Limited copy trading functionality.
- Fewer account and trading options.
FBS Frequently Asked Questions
What people say about it: I have been working with the FBS broker for about a year. I am a trader and affiliate. Everything is stable so far, payments are timely, but the commission is small. The affiliate program brings little but steady money.
Buying Guide
- Go to the App Store or Google Play.
- Install the FBS – Trading Broker app.
- Begin registration in the App.
- Choose how you want to register.
- Follow the steps if you perform manual registration.
- Check the information.
- Choose an account.
- Adjust settings for your account.
- Save the important information for your account.
- Take security measures.
- Your registration is complete.
Alternative #4: FinFxPro
The FxPro App is a unique mobile account management space. That lets the users trade by the App using a FxPro platform account or Metatrader 4 or Metatrader 5 account.
FinFxPro was Established as an independent research company in 2009.
Users can create up to five live trading accounts with different settings in the FxPro App, they can be in different currencies and on different platforms, and they are one of the best AvaTrade alternatives and are the top AvaTrade alternative site.
Users can select one of the convenient trading platforms such as MT4, MT5, cTrader, or the integrated FxPro platform, and choose their favourite contact and account currency such as AUD, CHF, EUR, GBP, JPY, PLN, USD to ZAR. Users can also transfer funds between the accounts using their FxPro Wallet.
Why is FinFxPro the best AvaTrade Alternative?
Reason #1: Features
FinFx-Pro is a powerful technical tool backed by solid research and analysis. The idea followed by social trading is not entirely new, but what is far more research is the delivery. Social Trading and MQL5 allow users to pick and choose from substantial trading strategies, which can be used to construct profitable and diversified portfolios.
Reason #2: Payment Method
The App equates to the FxPro Wallet, which keeps users’ funds from participating in the trading process safe from market risks. Funds can be handed over in the “Top Up” section of the App.
Reason #3: Withdraw Funds
FinFxPro’s Client Accounting Department will receive the user’s request and process it within one working day. As it happens that a withdrawal request is made within six months from the moment of the initial deposit, Credit Card deposits will need to be refunded first by PayPal deposits and Skrill deposits.
Once all deposits made by these three methods are refunded, users will be permitted to withdraw funds by a Bank transfer or any e-wallet method previously used to deposit.
Reason #4: Security Features
The user has the primary FxPro account password, and the App also has security features, they include 2-step authentication, passcode, and touchID. Users can qualify these options in the ‘More’ menu and ‘Security Settings.
Reason #5: Support
FinFxPro’s 24/7 customer support team is always available to help users with questions or guides. They have made it even easier to contact users directly through live chat without leaving the App. Select the ‘More’ menu and tap ‘Live Support’ to open a live chat with their customer support team.
Features Of FinFxPro
- FinFxPro can give sub or layer I.B. structures.
- Refunds are distributed in pips or money values to multiple sub-IBs.
- There are Lower trader expenses.
- There is no MT4 server plug-in or development needed.
- This logic goes closely with the social media viral effect.
- Through Facebook and LinkedIn, signups significantly boost the multi-tier I.B. effect.
Pros
- Maximum leverage of up to 1:400.
- Bitcoin is accepted as a payment method.
- Attractive spreads.
- Lots of crypto CFDs are offered.
- Islamic Account offered.
- MetaTrader4 available.
- Acceptable minimum deposit requirements.
Cons
- Lack of regulation.
- FxPro gives some symbols for forex and CFD traders than the leading multi-asset brokers.
FinFxPro Frequently Asked Questions
What People Say About: I searched for compensation that integrates everything, and FinFxPro is a good choice.
Buying Guide
- Users can Download the FxPro Application from Google Play Market or AppStore.
- Click to “Sign in with email.” Select your country, name, surname, and email. After that, create your password.
- Users can generate a short passcode to log in.
- For FxPro Web, users should continue using their registered login details.
- FxPro Direct profile is now ready.
- But to unlock all the app features, create trading accounts, trade on the integrated platform, and fund your accounts, users have to complete the full registration.
- Users must upload digital copies of the required documents like a passport or I.D. card and proof of residence to verify the user’s profile.
- After that, verified users can start trading with FxPro.
Alternative #5: Forex.com
FOREX.com was founded in 2001 by GAIN Capital Holdings and is an established global online broker that caters to individuals endeavouring to trade the retail F.X. and CFD markets.
GAIN Capital Holdings, a combination that includes City Index, an online CFD and spread betting provider, and Daniels Trading, a futures consultative trading firm, was acquired by StoneX Group Inc. in February 2020.
Some financial authorities manage the company, including the top-level Financial Conduct Authority (FCA) in the U.K., the U.S. Commodity Futures Trading Commission (CFTC), and the National Futures Association (NFA).
Why is Forex.com the best AvaTrade Alternative?
Reason #1: Performance Analytics
Performance Analytics is another great tool. The tool can be requested for all forex account types to help users to boost their trading. It tracks and reviews user trading behaviour, allowing the user to make better decisions based on their previous moves.
The performance analytics tool is free; users can track account performance in real time. Users can also access this tool through the mobile app.
Reason #2: Withdrawing Funds
Users can ensure they have the documentation and provide proof of identity and address. Users need to log in to their accounts and access the withdrawal page. Thus, the user can enter the amount they wish to withdraw and select their payment method.
The FOREX.com withdrawal review includes their account confirmation before the transaction is approved. Depending on the payment method the user can choose, it usually takes one to two business days for the funds to be transferred. They are the best AvaTrade alternative because of these valid reasons.
Reason #3: Safe and Secure
The Forex.com group is maintained by the Securities and Futures Commission of Hong Kong (SFC). Forex.com is safe because it has a long track record, top-level financial authorities retain it, and its parent company is listed on a stock exchange.
Reason #4: Pricing
The Forex.com group is a direct Market Access Account. On FOREX.com, the minimum deposit is $100. However, it is proposed to deposit a minimum of $1,000 if the user wants an upgraded trading experience.
The DMA account was invented for high-volume F.X. traders, and the approved balance is $25,000. For all statements users choose, all FOREX.com platforms are available for trading. If they bring to use MT4 or MT5, users have to sign up for the Standard option.
Reason #5: Support
The broker’s website records numerous ways clients can contact FOREX.com, embracing online chat and live phone support, from 10 a.m. on Sunday to 5 p.m. on Friday. FAQs and website client support were acceptable, but frequent attempts to contact by “live chat” were shown to be failed. Social media support is not available. For all that, they do have social media accounts where they post-market analysis and company information.
Features Of Forex.com
Forex.com is the F.X. broker in the U.S. in terms of customer funds.
Forex.com is the best fit for high-volume traders.
Forex.com is indicated with the CFTC (U.S.), NFA (U.S.), FCA (U.K.), IIROC, ASIC, MAS, FSA, and CIMA.
Forex apps have Pip calculators.
Margin trading is available in the Forex app.
In the Forex app, Advanced charting is available.
Establishing lot sizes.
Technical analysis and tools.
Pros
Free demo account.
Automated trading.
Competitive spreads.
SMART trading signals.
Mini-lot trading from 0.01.
1,200+ US, UK & EU stocks.
24/6 reliable customer support.
Multiple order types and execution modes.
Cons
No promotions or bonuses.
Funding by PayPal is not supported.
Cryptocurrency trading is only available in certain countries.
Forex.com Frequently Asked Questions
What People Say About: I have been the company’s client for less than a year. As for the implementation of orders and the range of trading instruments, there are no complaints here.
Buying Guide
- Users can Download the Forex.com Application from Google Play Market or AppStore.
- Click to “Sign in with email.” Select your country, name, surname, and email.
- After that, create your password.
- Users can generate a short passcode to log in.
- For Forex.com, users should continue using the login details they registered with.
- Forex.com direct profile is now ready.
- Users must upload digital copies of the required documents like a passport, ID card, and proof of residence to verify the user’s profile.
- After that, verified users can start trading with Forex.com.
Best Forex Brokers Like AvaTrade
Distant FX broker chooser has judged the online brokers as the best Avatrade alternative app, which gives this comparison a solid starting point. These brokers are discussed using the same review methodology, which makes everything comparable. Each broker must check the 100 criteria, weighting based on readers’ preferences, and refresh data regularly. The best alternative for AvaTrade is the best choice for you.
AvaTrade Similar Websites
AvaTrade gives the best online forex trading experience to trade forex, stocks, and commodities. The Top AvaTrade alternative sites in 2022 are ranked by their affinity to Avatrade similar apps in terms of keyword traffic, audience targeting, and market overlap. If you are looking for the best AvaTrade alternative, because AvaTrade does not offer something that you require when trading, we will display the best AvaTrade alternative options below.
AvaTrade Alternatives
We detailed the pros and cons of each best AvaTrade alternative if you are looking for better customer service support from the best AvaTrade alternative and more financial instruments to trade. We have outlined a few reasons why AvaTrade may not be the best broker. But not to worry so, we have listed the best AvaTrade alternatives below.
Winner of Best AvaTrade Alternative
Exness might be the best Exness alternative. We have discussed the top AvaTrader alternative sites and top options for AvaTrader in 2022. While analyzing all these five apps, Exness is considered the best. Because it provided many multiple language support, fee register, and no commission, especially allowing trading tools for depositing and withdrawing funds.
Best AvaTrade Alternative – FAQs
#1. Is AvaTrade legal or not?
Yes, it is entirely safe and legal.
#2. Is AvaTrade free?
No commissions for any traders
#3. What is the minimum deposit on AvaTrade?
$100 is the minimum deposit on AvaTrade.
#4. Who is the owner of AvaTrade?
Dáire Ferguson is the CEO Of AvaTrade.
Conclusion – Best AvaTrade Alternative
With these above best AvaTrade alternatives discussions, Exness and FBS are the best ones to choose from first. They have excellent customer service, effortless deposit and withdrawal support, and commission fees. Provides many features. These apps are also very much welcome on youtube and Instagram and are the best alternatives for AvaTrade. Reviews are also good on youtube for these apps. The above five apps are the top AvaTrader Alternative in 2022.
