AvaTrade UAE Review

AVA Trade Review UAE | Introduction

AVA Trade UAE is a leading online trading platform that offers a wide range of services to traders in the United Arab Emirates. It is a regulated broker authorized and regulated by the ADGM / FSRA, Abu Dhabi Global Markets Financial Services Regulatory Authority. AVATrade UAE provides a secure and reliable trading environment for traders of all levels, from beginners to experienced professionals. The platform offers various trading instruments, including Forex, CFDs, stocks, indices, commodities, and cryptocurrencies. AvaTrade UAE also provides various educational resources and tools to help traders improve their trading skills. In this AvaTrade UAE review, we will take a closer look at the features and services offered by the broker.

Financial Instruments

AvaTrade offers a broad range of trading assets for investors to choose from, including Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, and Bonds. Each of these asset classes presents unique opportunities and risks, making AvaTrade a versatile platform for traders with different investment strategies and preferences.

• Forex trading, or foreign exchange trading, involves buying and selling different currencies to profit from the fluctuations in exchange rates. AvaTrade offers over 50 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as exotic pairs like USD/ZAR and EUR/TRY.
• Stock trading allows investors to buy and sell shares of publicly traded companies, giving them a stake in the company’s ownership and potential profits. AvaTrade offers over 700 stocks from major exchanges such as NASDAQ, NYSE, and London Stock Exchange.
• Commodity trading involves buying and selling physical goods such as gold, oil, and agricultural products. AvaTrade provides access to a wide range of commodities, including precious metals, energy, and agricultural products.
• FXOptions trading allows investors to trade options on currency pairs, giving them the right to buy or sell a currency pair at a predetermined price on a future date. AvaTrade offers a range of FXOptions products, including vanilla options, binary options, and range options.
• Cryptocurrency trading involves buying and selling digital assets such as Bitcoin, Ethereum, and Litecoin. AvaTrade offers cryptocurrency trading with a leverage of up to 1:20, allowing investors to potentially profit from the volatility of this emerging asset class.
• Index trading allows investors to buy and sell baskets of stocks that represent a particular market or sector. AvaTrade offers over 20 global indices, including popular indices like the S&P 500, NASDAQ 100, and FTSE 100.
• ETF trading allows investors to buy and sell exchange-traded funds, which are investment funds that trade on stock exchanges like individual stocks. AvaTrade offers a range of ETFs, including bond ETFs, commodity ETFs, and sector ETFs.
• Lastly, Bond trading involves buying and selling debt securities issued by governments and corporations. AvaTrade offers a range of bond trading opportunities, including government bonds, corporate bonds, and high-yield bonds.

Fees & Commissions

It is important to understand the fees associated with trading on AvaTrade.

The fees vary depending on the asset being traded. For forex trading, AvaTrade charges a spread on each trade, which is the difference between the buy and sell price. This spread can vary depending on the currency pair being traded and can range from as low as 0.6 pips for major currency pairs to as high as 6 pips for exotic currency pairs.

The spread varies depending on the instrument being traded, the account type, and the market conditions. For example, popular currency pairs such as EUR/USD and GBP/USD have generally low spreads, while less liquid assets such as some cryptocurrencies may have higher spreads.

For stocks, AvaTrade charges a commission on each trade, which is typically a percentage of the total value of the trade. The commission varies depending on the stock being traded and can range from $0.01 per share for US stocks to 0.1% of the trade value for European stocks.

For indices, AvaTrade charges a spread, which is the difference between the buy and sell price. The spread varies depending on the index being traded and can range from as low as 0.5 pips for major indices to as high as 8 pips for exotic indices.

For commodities, AvaTrade charges a spread on each trade, which is the difference between the buy and sell price. The spread varies depending on the commodity being traded and can range from as low as 0.03 pips for gold to as high as 8 pips for natural gas.

For cryptocurrencies, AvaTrade charges a spread on each trade, which is the difference between the buy and sell price. The spread varies depending on the cryptocurrency being traded and can range from as low as 0.9 pips for Bitcoin to as high as 8 pips for Ripple.

AvaTrade also charges overnight financing fees for positions held open overnight. This fee is based on the interbank lending rate of the asset being traded, plus or minus a markup depending on the direction of the position.

Another fee to be aware of is the inactivity fee, which is charged if the account is inactive for a period of three months or more. This fee is €50 per quarter and is deducted from the account balance.

Overall, while trading on AvaTrade comes with some fees, they are generally competitive and in line with industry standards. It’s important to carefully consider these fees when making trading decisions and to factor them into your overall trading strategy.

Deposit & Withdrawal Options

Funding your trading account should be seamless, and AVA Trade understands this necessity. The platform offers a range of funding methods, including bank transfers, credit/debit cards, and e-money services such as Skrill, USDT, BTC and Neteller. These flexible options make it easy for traders to deposit and withdraw funds as needed.

Moreover, AVA Trade ensures that transactions are secure, implementing stringent safety protocols to protect clients’ financial information. By offering varied funding methods, it accommodates the preferences of its diverse clientele and fosters a user-friendly trading environment.

• Bank Wire Transfers: Clients can deposit funds into their AvaTrade UAE account via bank wire transfer. This method is secure and reliable, and funds are usually credited to the account within 1-2 business days.
• Credit/Debit Cards: Clients can also deposit funds into their AvaTrade UAE account via credit/debit cards. This method is fast and convenient, and funds are usually credited to the account within minutes.
• E-Wallets: Clients can also deposit funds into their AvaTrade UAE account via e-wallets. This method is fast and secure, and funds are usually credited to the account within minutes.

For withdrawals, AvaTrade UAE offers bank wire transfers and e-wallets. Bank wire transfers are secure and reliable, and funds are usually credited to the account within 1-2 business days. E-wallets are fast and secure, and funds are usually credited to the account within minutes.

AvaTrade Account Types

AvaTrade UAE offers 6 account types:

• Standard Account: This account type is suitable for both beginner and experienced traders. It offers competitive spreads, low commissions, and access to a wide range of trading instruments.
• Premium Account: Designed for experienced traders who are looking for more advanced features. This account type offers tighter spreads, higher leverage, and access to exclusive trading tools.
• Islamic Account: The Islamic Account is designed for traders who wish to trade in accordance with Islamic law. This account type offers no interest or commissions and is available in both Standard and Premium versions.
• Demo Account: The Demo Account is a great way for beginners to get familiar with the trading platform and practice their trading strategies without risking any real money. This account type offers virtual funds and access to the same trading instruments as the real accounts.
• AutoTrading Account: Designed for traders who want to automate their trading strategies. This account type allows traders to set up automated trading systems and access exclusive trading tools.
• Copy Trading Account: This account is designed for traders who want to copy the trades of experienced traders. It allows traders to copy the trades of other traders and access exclusive trading tools.

These are the different types of accounts available with AvaTrade UAE. Each account type offers different features and benefits, so it is important to choose the one that best suits your trading needs.

Trading Platforms & Tools

The following are the different trading platforms and tools offered by AvaTrade:

1. WebTrader: This is a user-friendly web-based trading platform that allows traders to access their trading accounts from any device with an internet connection. It offers advanced charting tools, technical analysis indicators, and a range of order types.

2. MetaTrader 4: This is a popular trading platform that offers advanced charting tools, technical analysis indicators, and automated trading capabilities. It also allows traders to create custom indicators and trading robots.

3. MetaTrader 5: This is an upgraded version of MetaTrader 4 that offers more advanced features and capabilities. It offers better charting tools, and more technical analysis indicators, and allows traders to trade multiple asset classes, including stocks, commodities, and cryptocurrencies.

4. AvaTradeGo: This is a mobile trading app that allows traders to access their trading accounts from their smartphones or tablets. It offers real-time quotes, advanced charting tools, and a range of order types.

5. AvaOptions: This is a trading platform that allows traders to trade options on different asset classes, including forex, stocks, and commodities. It offers advanced risk management tools, including stop loss and take profit orders, and allows traders to create custom options strategies.

6. Automated Trading: AvaTrade offers automated trading capabilities through its MetaTrader 4 and MetaTrader 5 platforms. Traders can use expert advisors (EAs) to automate their trading strategies and execute trades automatically based on predefined rules.

Overall, AvaTrade offers a wide range of trading platforms and tools to cater to the different needs of traders. Whether you prefer web-based trading, mobile trading, or automated trading, AvaTrade has something for everyone.

Research & Education

AvaTrade UAE offers a range of educational resources to help traders learn the basics of trading and develop their skills. These resources include webinars, tutorials, and eBooks. The webinars are hosted by experienced traders and provide an in-depth look at the markets and trading strategies. The tutorials provide step-by-step instructions on how to use the platform and the various features it offers. The eBooks provide an overview of the markets and trading strategies.

AvaTrade UAE also offers a range of trading tools and indicators to help traders make informed decisions. These tools include charting tools, technical indicators, and automated trading systems. The charting tools allow traders to view the price movements of different markets and identify potential trading opportunities. The technical indicators provide traders with an insight into the market sentiment and help them make better trading decisions. The automated trading systems allow traders to set up automated trading strategies and execute trades without having to manually monitor the markets.

Customer Support

AvaTrade UAE is committed to providing its customers with the best customer support services possible.

Live chat support – available 24/7 and is the quickest way to get in touch with a customer service representative. Customers can use the live chat feature to ask questions, get help with technical issues, and receive assistance with account setup.

Email – Customers can send an email to the customer service team and receive a response within 24 hours.

Telephone support – AvaTrade has designated phone numbers in different countries that you can access on their website. AVA Trade UAE’s contact Number is:+(971)45178305

Social media support – Customers can contact the customer service team via Twitter, Facebook, WhatsApp and other social media platforms. Here is AvaTrade’s WhatsApp number +447520644093.

AvaTrade UAE Regulation

AVATrade UAE  is a regulated Forex and CFD broker in UAE. It complies with ADGM / FSRA, the Abu Dhabi Global Markets Financial Services Regulatory Authority in the UAE. Hence, it is safe to trade with this broker in the UAE.

AVA Trade is a broker that strictly adheres to the rules and regulations set by the ADGM / FSRA, which stands for Abu Dhabi Global Markets Financial Services Regulatory Authority. This authority is based in the United Arab Emirates (UAE) and is responsible for overseeing, regulating, and controlling non-banking financial institutions and firms within the UAE.

This means that AVA Trade clients based in the UAE have a layer of protection for their investments. They can be assured that their trades are being handled in a compliant, ethical, and transparent manner. The ADGM / FSRA has a strong reputation for its stringent regulations and rigorous standards that financial services firms must meet to operate within the UAE.

By complying with these regulations, AVA Trade demonstrates their commitment to maintaining high standards of conduct and operation. This includes providing accurate and timely information to investors, managing risks appropriately, and treating all customers fairly.

In addition, it is important to note that the ADGM / FSRA also provides a dispute resolution mechanism. This means that if any issues arise between AVA Trade and its clients, a system is in place to address and resolve them in a fair and impartial manner.

Therefore, any person or entity looking to trade in the UAE can feel safe and secure when they choose to do so with AVA Trade. Not only does this broker comply with the high standards set by the ADGM / FSRA, but they also demonstrate a commitment to treating their clients fairly and honestly. This makes AVA Trade a reliable and trustworthy choice for trading in the UAE.

Addressing Ethical Concerns: Is AVA Trade Halal in UAE?

AVA Trade Islamic Account: A Shariah-Compliant Option

AVA Trade recognizes the diverse needs of its clients, including those seeking an Islamic trading account. The AVA Trade Islamic Account is specifically designed for Muslim traders and offers a Shariah-compliant trading experience. This account type operates without interest or swaps, aligning with Islamic finance principles.

Additionally, the Islamic Account provides various investment opportunities, allowing traders to engage in forex, commodities, and cryptocurrencies while adhering to their faith. In this way, AVA Trade caters to a broader audience, ensuring that everyone can participate in the trading ecosystem regardless of their religious beliefs.

Is AVA Trade Halal in UAE?

Given the unique requirements of Islamic finance, many potential users wonder, “Is AVA Trade halal in UAE?” The answer is affirmative; the AVA Trade Islamic Account complies with Shariah law. This ensures that traders can confidently engage in trading without compromising their ethical and religious values.

Moreover, AVA Trade promotes transparency and user education, helping traders make informed decisions. By providing resources and support, the platform encourages responsible trading practices that align with users’ personal and religious principles.

The Benefits of AvaTrade UAE

• AVATrade UAE offers a wide range of trading instruments, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies.
• The broker provides a user-friendly trading platform with advanced charting tools and a wide range of technical indicators.
• AVATrade UAE offers competitive spreads and low commissions.
• The broker provides a range of educational resources, including webinars, tutorials, and market analysis.
• AVATrade UAE offers a variety of account types, including Islamic accounts.
• The broker provides 24/7 customer support in multiple languages.

Is it Legal to Trade with AvaTrade in UAE?

AVA Trade is a regulated online trading platform that operates in compliance with the standards set by the Abu Dhabi Global Markets Financial Services Regulatory Authority (ADGM / FSRA), the financial regulatory body in the United Arab Emirates. Adherence to the stringent regulations and guidelines of ADGM / FSRA ensures that AVA Trade’s operations are legitimate, transparent, and secure. Therefore, it is perfectly legal for individuals residing in the UAE to engage in online trading activities through AVA Trade.

AvaTrade FAQs

AvaTrade Review UAE | Conclusion

AvaTrade UAE is a great choice for traders looking for a reliable and secure online trading platform. It offers a wide range of features and tools to help traders make informed decisions and maximize their profits. The customer service team is also very helpful and responsive. AVA Trade offers a robust and user-friendly platform for traders in the UAE. With diverse account options, advanced trading features, and adherence to regulatory standards, it caters to a wide range of trading preferences. Furthermore, AVA Trade demonstrates a commitment to ethical trading through its Islamic account options.

For both beginners and experienced traders, AVA Trade provides the tools, support, and flexibility needed to succeed in today’s complex market. Ultimately, the comprehensive services and features offered ensure that AVA Trade is a worthwhile consideration for anyone looking to embark on their trading journey in the UAE.