There are many factors to consider while analyzing a broker’s services overall, possibly too many to mention. Here, we’ll share the essential factors to consider when deciding whether or not a broker is suitable for beginners. A friendly broker for beginners should include the following features:
- A great web-based and mobile trading platform
- Excellent instructional resources
- Low costs
- Excellent customer service
- A simple sign up procedure
- A low initial deposit
However, safety is also essential, but as we only suggest safe brokers who are regulated by top-tier agencies, you won’t have to worry about that. Therefore, many people are taking an interest in investing in online trading in the financial markets.
Moreover, the sheer volume of knowledge available online can make it easy to feel overwhelmed while investigating the fundamentals. In this situation, you should learn forex trading first, which will be very helpful to understand the trading.
Is AvaTrade suitable for newbies?
AvaTrade is a good platform, but we do not recommend it for newbies. So if you want to invest in the AvaTrade platform, let’s take a closer look at each of its services individually, using the standards we mentioned above to gain a complete overview.
- The web platform of AvaTrade has a lot of features to offer, whereas it is a User-friendly platform that has an excellent search function. Though, some items may not be a match for beginners’ requirements.
- However, improvements are needed. There is no two-step (safer) login options. Customization options are limited (for charts, workspace). There are no price alerts.
- When we talk about the AvaTrade mobile platform, which is pretty well designed. Moreover, you can easily manage your trading journey on your mobile easily.
- Moreover, the process of an account opening is very easy and smooth. Plus, AvaTrade performs very quickly in this area, and the deposit is also minimum.
- Fees are one of the most significant components of trading, and AvaTrade succeeds in the following areas. There is no charge for withdrawals. CFD fees are low.
- On the other hand, fees may be higher than those of some competitors. Lack of activity costs is very high. FX trading commissions are normal.
- If you need assistance, customer support is available to you immediately. AvaTrade’s customer service received high marks in the following categories. Therefore, phone assistance is available as well a live chat option is also available. Plus, the response time is very quick.
- The education materials provided by AvaTrade are a wonderful way to start. They provide a Demonstration account where you can watch the educational videos. As a result, AvaTrade’s content is extremely interesting.
- For beginning traders, AvaTrade provides low minimum deposits and minimal transaction costs. The deposit and withdrawal methods at AvaTrade have a lot to offer. However, the withdrawal is completely free. There is no deposit cost, as well as Electronic wallets and credit/debit cards are also acceptable.
Conclusion
In this AvaTrade review article, we conclude that the AvaTrade platform is good and safe. Therefore, it is important to know about the trading and its procedure. Plus, it has offered a lot of features where you can start your trading with a low minimum deposit and no deposit cost.
