AvaTrade provides a comprehensive trading platform for traders of all levels as an online broker. It has grown to become one of the world’s leading online brokers since its foundation in 2006, with offices in Dublin, London, Tokyo, Sydney, Milan, and New York. The Central Bank of Ireland, the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC) regulate AvaTrade. The broker also holds a license from the Japanese Financial Services Agency (FSA). This AvaTrade Singapore review will examine the broker’s features and services, as well as the fees and commissions associated with trading.
AvaTrade Singapore offers a wide range of services to traders in Singapore as a leading online trading platform. The Monetary Authority of Singapore (MAS) licenses this regulated broker. Traders can access the global markets in a secure and reliable trading environment provided by AvaTrade Singapore. Additionally, a wide range of trading instruments, including forex, CFDs, stocks, indices, commodities, and cryptocurrencies, are available. AvaTrade Singapore supports traders with educational resources and tools to become more successful.
MT4, MT5, Web
MT4, MT5, ECN
Social trading, MT4
ECN, MT4, MT5
How to Get Started with AvaTrade Singapore
Getting started with AvaTrade Singapore is easy and straightforward. Here are the steps to follow:
1. Create an Account:
To create an account with AvaTrade Singapore, visit their website and click on the “Sign Up” button. The website will prompt you to provide some personal information, including your name, email address, and phone number.
2. Fund Your Account:
To start trading, you need to fund your account once it is created. AvaTrade Singapore provides several payment methods, such as credit cards, bank transfers, and e-wallets.
3. Download the Trading Platform:
The AvaTrade Singapore website provides a variety of trading platforms, such as the well-known MetaTrader 4 and MetaTrader 5. You can download your preferred platform from the website.
4. Start Trading:
You can start trading once you download the trading platform. AvaTrade Singapore provides a variety of trading tools and resources to assist you in making informed trading choices.
You can get started with AvaTrade Singapore and start trading in no time by following these tips.
AvaTrade Singapore provides a variety of account kinds to meet the demands of various traders. The following accounts are available:
- Standard Account
This is the most basic account type and is appropriate for new traders. It provides competitive spreads as well as leverage of up to 1:400.
- Professional Account
This account is intended for experienced traders who require greater leverage and tighter spreads. It offers up to 1:400 leverage and spreads as low as 0.1 pips.
- Islamic Account
Developed for Islamic traders who demand a Sharia-compliant trading environment. It has the same benefits as the Standard and Professional accounts, but there are no interest costs.
- Demo Account
For traders who want to practice their trading techniques without risking real money, it provides a virtual trading environment with real-time market data and a virtual balance of $10,000.
- Managed Account
Designed for traders who desire a professional trader to manage their funds. This sort of account provides a variety of services, such as portfolio management, risk management, and market analysis.
AvaTrade Singapore provides a safe and dependable trading environment, as well as competitive spreads and leverages for all account kinds.
Trading Instruments and Markets
AvaTrade Singapore offers a wide range of trading instruments and markets for its clients. These include the following:
- Traders prefer the most popular instrument offered by AvaTrade Singapore, which includes more than 50 currency pairs such as major, minor, and exotic pairs. They can take advantage of tight spreads, fast execution, and leverage of up to 400:1.
- AvaTrade Singapore offers CFDs on a wide range of markets, including stocks, indices, commodities, cryptocurrencies, ETFs, and bonds, making it another popular instrument. Traders can take advantage of the leverage of up to 400:1 and tight spreads.
- AvaTrade Singapore offers stocks from major exchanges around the world, including the US, UK, Germany, France, Japan, and Australia. Traders can take advantage of leverage of up to 20:1 and tight spreads.
- The broker offers indices from major exchanges around the world, including the US, UK, Germany, France, Japan, and Australia. Traders can take advantage of leverage of up to 200:1 and tight spreads.
- Offers commodities such as gold, silver, oil, and natural gas. Traders can take advantage of leverage of up to 200:1 and tight spreads.
- are also available for trading. AvaTrade Singapore offers cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Traders can take advantage of the leverage of up to 2:1 and tight spreads.
- AvaTrade Singapore offers ETFs from major exchanges around the world, including the US, UK, Germany, France, Japan, and Australia. Traders can take advantage of leverage of up to 20:1 and tight spreads.
- The broker offers bonds from major exchanges around the world, including the US, UK, Germany, France, Japan, and Australia. Traders can take advantage of leverage of up to 20:1 and tight spreads.
Trading Platforms and Features
AvaTrade Singapore provides traders with a wide range of trading tools and features that enable them to trade with ease and confidence. There are several trading platforms available on AvaTrade that cater to the different needs of traders.
WebTrader is a user-friendly trading platform that allows traders to access financial markets from anywhere in the world. The platform is web-based, which means that traders can access it from any device with an Internet connection. WebTrader is designed to be intuitive and easy to use, making it ideal for beginners.
AvaOptions is a cutting-edge trading platform that enables traders to trade options on a wide range of financial instruments, including currencies, commodities, and stocks. The platform is designed to be user-friendly and offers a range of advanced tools and features that enable traders to make informed trading decisions.
AvaTradeGo is a mobile trading platform that is designed for traders who want to access financial markets on the go. The platform is available on both iOS and Android devices and offers a range of advanced features, including real-time quotes, price alerts, and trading signals.
MetaTrader 4 & 5 are popular trading platforms that are widely used by traders around the world. These platforms offer a range of advanced tools and features, including real-time charts, technical analysis tools, and automated trading.
Automated Trading is another popular feature offered by AvaTrade. The platform offers several automated trading solutions, including AvaSocial, DupliTrade, and Capitalise.ai. These solutions enable traders to automate their trading strategies and take advantage of market opportunities without having to monitor the markets 24/7.
Deposit & Withdrawal Options
AvaTrade Singapore offers its clients a wide range of deposit and withdrawal options. Clients can make deposits through several methods, including bank transfer, credit/debit cards, e-wallets like Neteller and Skrill, and even through Bitcoin. The minimum deposit amount is SGD 100.
Similarly, clients can make withdrawals using the same methods, and the minimum withdrawal amount is SGD 50. AvaTrade Singapore processes most withdrawal requests within 1-2 business days, ensuring a fast and efficient process. To protect all transactions, AvaTrade Singapore takes the security of its clients very seriously and uses SSL encryption.
Overall, AvaTrade Singapore provides a variety of deposit and withdrawal options to ensure that clients can easily make transactions in a convenient and secure manner.
Fees & Commission
AvaTrade Singapore offers a range of financial instruments such as forex, commodities, stocks, indices, and cryptocurrencies on its popular online trading platform. Its services come with fees and commissions, like any other trading platform. AvaTrade Singapore charges fees and commissions, and here is an overview of them.
The bid and ask price of a financial instrument determine the spread. AvaTrade adjusts the spread according to market conditions, resulting in variable spreads. Different financial instruments have varying spreads. For instance, the spread for gold can be as low as 0.3 pips, while the EUR/USD currency pair may have a spread of 1.3 pips.
2. Overnight fees:
If you hold a position overnight, AvaTrade may charge an overnight fee or swap fee. This fee is a small percentage of the position’s value and is calculated based on the interest rate differential between the two currencies in a currency pair. The overnight fee may be positive or negative, depending on the direction of your trade.
3. Inactivity fee:
If you do not use your AvaTrade account for a certain period, the platform may charge an inactivity fee. The fee varies depending on the account type and the duration of inactivity.
4. Deposit and withdrawal fees:
AvaTrade does not charge any deposit or withdrawal fees. However, you may be charged by your bank or payment provider for transferring funds to or from your AvaTrade account.
AvaTrade charges a commission for some financial instruments such as stocks and ETFs. The commission varies from 0.1% to 0.2% of the trade value, depending on the account type and the instrument traded.
AvaTrade Singapore competes well with other online trading platforms in terms of its fees and commissions. However, traders should be aware that trading fees can accumulate over time, and it is crucial to comprehend the expenses involved before executing any trades.
Education & Customer Support
AvaTrade Singapore commits to providing its customers with the best possible trading experience by offering a comprehensive range of educational and customer support services. It ensures that customers have the knowledge and resources they need to succeed through its range of online courses, webinars, and tutorials covering a variety of topics, from the basics of trading to more advanced strategies. It designs its courses to help traders of all levels gain the skills and knowledge they need to become successful.
The broker offers 24/7 customer support services that include live chat, email, and telephone support. Its knowledgeable and experienced customer service representatives are always ready to assist customers with any questions or concerns. AvaTrade Singapore dedicates itself to providing the best possible trading experience for its customers. It is confident that its comprehensive educational and customer support services will provide its customers with the resources they need to succeed.
Pros and Cons
- Offers a wide range of trading instruments, including forex, commodities, indices, stocks, ETFs, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market conditions.
- Provides a secure and reliable trading environment, with advanced security measures in place to protect traders’ funds.
- Offers competitive spreads and low commissions, making it an attractive option for traders looking to maximize their profits.
- Provides a range of educational resources, including webinars, tutorials, and e-books, to help traders improve their trading skills.
- Offers a variety of trading platforms, including the popular MetaTrader 4 and 5, as well as its own proprietary platform.
- Does not offer a wide range of customer support options, which may be a disadvantage for traders who need assistance with their trading.
- Does not offer a wide range of payment methods, which may be a disadvantage for traders who prefer to use alternative payment methods.
- Does not offer a wide range of bonuses and promotions, which may be a disadvantage for traders who are looking to maximize their profits.
Is AvaTrade a Legitimate Forex Broker in Singapore?
The Monetary Authority of Singapore (MAS) regulates AvaTrade, which is a legitimate Forex broker in Singapore. Additionally, AvaTrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Commission, an independent dispute resolution organization. AvaTrade is committed to ensuring the safety of its client’s funds and has implemented several measures, including segregated accounts, negative balance protection, and advanced encryption technology.
Overall, AvaTrade offers a secure trading environment and a broad range of trading instruments and platforms as a legitimate Forex broker in Singapore.
Traders looking for a reliable and secure online trading platform can choose AvaTrade Singapore. AvaTrade Singapore offers a wide range of features and tools to help traders make informed decisions and maximize their profits. Additionally, the customer service team is very helpful and responsive. In summary, AvaTrade Singapore is a great choice for traders seeking a reliable and secure online trading platform.