Here are some areas where AvaTrade scored highly in:. AvaTrade offers four ways to trade: Forex, spread betting, CFD trading, and options trading. AvaTrade have a AAA trust score, which is v. The second thing we look for is the competitiveness of the spreads, and what fees they charge.
We've compared these in detail in part three of this guide. AvaTrade offers a range of different account types for different traders including a micro account, mini account, vip account. Finally, AvaTrade isn't available in the following countries: Part 3 A Comparison of AvaTrade vs. Plus Want to see how AvaTrade stacks up against Markets. We've compared their spreads, features, and key information below. The demand for micro accounts when trading forex is particularly high with new traders.
Mini and micro accounts have remained an essential part of the forex trading business, and that is why a majority of brokers provide them. Trading forex with a micro account makes it possible for traders to start trading with a smaller amount of capital and with higher leverage, depending on the broker.
Traders also sometimes use micro accounts to try out new brokers with a live account whilst minimising the risks. With micro accounts traders can open trades with contract sizes starting from 1, lots rather than the larger , standard lot. This allows traders to refine their trading strategy with smaller deposits before moving to larger account sizes. With smaller micro accounts the leverage offered by brokers is often larger, however this can be a double edged sword amplifying both profits or losses.
Micro account have minimum trade sizes starting at 0. This is what makes micro accounts a popular choice for traders with lower deposits as it allows them to make more trades while they are still refining their trading strategy.
We have compiled a top five list of top regulated brokers that offer accounts to make micro traders 1, lot contract size. Avatrade gets credit as the broker that brought digital currency trading into the market. It is also among the first brokers to introduce CFD trading. Traders can make deposits through wire transfer, Neteller, Paypal, or credit cards.
The broker facilitates trading on the AvaTrade platform, which offers various features and customisation options. When trading forex, a trader does not have to pay for the advanced trading tools, just the spreads. There is also the availability of the platform on mobile devices. The Ireland-based broker operates under EU regulations. There is a demo account as well that traders can use before opening a live account.
The broker offers competitive spreads with a More than 5, markets are available for traders, which include currency pairs, shares, and indices. One of the reasons traders prefer it is because its holding company is traded publicly on the London Stock Exchange. Trading is on the MT4 platform with 39 currency pairs, indices, and commodities. The maximum leverage for trading forex is Payment methods supported by the broker include Skrill, Paypal, and major credit cards.
It offers one account type and demo. Traders can deposit funds through wire transfer, Moneybookers, Visa, or MasterCard. The broker is listed on the LSE. Clients can access a trading platform that provides real-time analyses and allows trading in multiple markets. There are other features available that traders can use when making their trading decisions. Plus is not available to US clients.
The focus is more on education and attracting new clients. There are videos available that cater to different skill levels. One element that sets the broker apart is the OpenBook platform that traders use to learn from other traders.
Clients with minimum experience can look at how their experienced counterparts operate and copy their trading patterns. It is what is known social trading. The maximum leverage for US clients is Traders can use the common payment methods for deposits such as wire transfer and credit cards. Which FX pair do you trade? Bitcoin Ethereum Ripple Litecoin Dash. Which index do you trade? Which stocks do you trade? Compare brokers that offer Compare brokers that accept Compare brokers regulated by See Details Try a Demo.
Fixed Variable See Spreads. Live chat Phone support Email support Contact Details. Popular for Micro Accounts! Financial Conduct Authority F Let our tool do the hard work of finding your next broker. Try it Now Visit BrokerNotes. CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. Here are some areas where AvaTrade scored highly in: Allows hedging 1 languages Leverage up to 7: For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Part 4 Forex trading with micro accounts The demand for micro accounts when trading forex is particularly high with new traders. What is a Micro Trading Account?