AvaTrade Overview

AvaTrade operates as a contract for difference (CFD) broker, offering a diverse range of trading products, including stocks, bonds, indices, ETFs, commodities, and cryptocurrencies. CFDs allow traders to speculate on assets without owning the underlying asset. This approach permits leveraging large amounts and taking short positions, a valuable advantage as most cryptocurrency trading services lack short position capabilities.

AvaTrade offers multiple software options for trading, including the popular MetaTrader software and opportunities for automated trading. It is accessible through web browsers, mobile devices, and desktop applications.

Cryptocurrency Products

AvaTrade features eight cryptocurrency products, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, Ripple, Dash, and EOS. While this selection is fewer than some competitors who offer over 20 products, it still encompasses a diverse range.

Various leverage options are available for professional traders. Retail investors have a fixed leverage of 1:2 for all cryptocurrency products. Professional traders can access leverage up to 1:25 for Bitcoin. These leverage options surpass those offered by most competitors.

Fees and Inactivity

In terms of fees, AvaTrade's pricing is higher than that of its competitors, with fees incorporated into the spread. Traders face an inactivity fee of 25 GBP for three months of account inactivity. The fee structure is not transparent on the site and necessitates searching for details.