AvaTrade was founded in 2006 and is licensed by five Tier-1 Regulators (high trust), five Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust), making it a low-risk and highly trusted broker for trading CFDs and FX.
Originally known as AvaFX, AvaTrade is a privately owned online forex and CFD broker. On its website, AvaTrade states that it is dedicated to enabling consumers to trade and invest with confidence in an innovative environment backed by world-class personal service and unwavering integrity.
In our comprehensive AvaTrade review, we can see that the broker is considered a transparent, reputable, and innovative market leader in CFD and Forex trading, and below we will discuss why AvaTrade is a good fit for Traders.
#1 Safety and Regulation
With over 300,000 happy clients worldwide, AvaTrade is one of the most well-known and attractive brokers in the world and an excellent choice amongst forex trading platforms in Nigeria.
AvaTrade is a broker with a formidable reputation in the market who is subject to strict regulation. AvaTrade places the highest focus on the security of its customers’ cash and the reliability of all trading platforms.
AvaTrade is regulated by CBI, ASIC, JFSA, FFAJ, IIROC, CySEC, FSCA, ISA, ADGM FRSA, KNF, and BVI FSC.
#2 Range of Instruments
Depending on the trading platform you choose and which of the brand’s international organizations owns your account, AvaTrade offers a variety of marketplaces.
Although a few hundred of those symbols have been placed on hold, AvaTrade provides 1,260 symbols in MT5 and the same amount in WebTrader. The many investment products that are offered to AvaTrade customers are listed in the table below.
| Instrument | Number of Assets Offered |
| Forex | 55 |
| Precious Metals | 5 |
| ETFs | 59 |
| Indices | 33 |
| Stocks | 625 |
| Cryptocurrency | 20 |
| Options | 53 |
| Energies | 5 |
| Bonds | 2 |
| FXOptions | 24 |
#3 Best Range of Trading Platforms
AvaTrade provides a range of forex trading platforms in Nigeria, including the whole MetaTrader suite, ZuluTrade, and DupliTrade in addition to two proprietary platforms (AvaTrade WebTrader and AvaOptions) (accessible via WebTrader).
The WebTrader platform from AvaTrade offers 90 indicators, 13 drawing tools, 10 timeframes, and 3 different chart formats for its charts. AvaTrade has been able to compete with industry heavyweights because of its consistent success in developing and extending its copy trading product.
#4 Competitive Fees
AvaTrade’s spreads, which are a little under one pip, are comparable to the industry average (0.9 pips). The spreads on AvaTrade’s Professional account, assuming you meet the requirements to be an elected professional trader, are competitive at 0.6 pips.
AvaTrade’s fees are built into the spread, which means that commissions are not charged on any trades. There are no deposit or withdrawal fees charged, and Nigerians can expect competitive overnight fees when they hold positions overnight.
AvaTrade is also well-known for its Islamic Account options and halal trading conditions, offered to Muslim traders from around the world.
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#5 Best Educational Materials and Research
AvaTrade offers a wide variety of instructional materials from its own internal team, the SharpTrader brand, as well as from other sources like Trading Central.
The website of AvaTrade has 103 thorough articles that cover both basic and complex subjects. The 48 instructional videos from AvaTrade cover a broad variety of topics and go into specialized topics like Donchian Channels.
Access to Trading Central research modules is provided by AvaTrade, which also creates daily in-house research material in video and article format.
The major feature of AvaTrade’s research offering, apart from support for ZuluTrade, AvaSocial, and DupliTrade for copy trading, is Trading Central.
Conclusion
AvaTrade provides ordinary to competitive spreads as well as sufficient learning materials. It is perfect for novice and undercapitalized traders who want to develop their restricted skill sets due to its cheap account minimums.
FAQ
Is AvaTrade legitimate?
Yes, AvaTrade is an entirely legitimate and authorized broker in every country where it provides trading services.
How much does AvaTrade charge per trade?
AvaTrade charges fixed spreads from 0.9 pips on the Standard and 0.6 pips on the Professional Account with zero commission fees.
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