Here are some areas where AvaTrade scored highly in:. AvaTrade offers four ways to trade: Forex, spread betting, CFD trading, and options trading. AvaTrade have a AAA trust score, which is v.
The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide. AvaTrade offers a range of different account types for different traders including a micro account, mini account, vip account. Finally, AvaTrade isn't available in the following countries: Part 3 A Comparison of AvaTrade vs.
We've compared their spreads, features, and key information below. For those who are interested in opening an account with a forex broker, there are several factors which need to be considered. First, the broker in question should be regulated and trustworthy.
While other features such as a wide variety of underlying assets and amenable spreads are important, payment methods are just as critical — as you must be able to withdraw and deposit funds. It can be used for business as well as personal needs. PayPal has grown to become a widely accepted online payment platform across the globe today, even though it emerged from a totally different concept. It was initially started in December when it was first known as Confinity.
It began as a company that created security software for the handheld devices, the great minds behind it being Max Levchin, Luke Nosek, Kevin Howery and Peter Thiel. PayPal then grew from Confinity as an online money transfer service in the year , with funding from BlueRun Venture.
One thing that makes PayPal a great payment option is that it is so simple to use. With just a few clicks, you can make instant deposits. You can see the covered countries from here. PayPal allows you to make payments online through your email address. You can deposit money to your account, instantly send it to your broker and receive your payout and withdraw it to your bank.
It offers a safe and a secure online platform for sending money and receiving money electronically. PayPal fees are very fair and suit a trader. There are no fees charged monthly for processing of payment.
The payment fees for PayPal vary according to your location and the payment method used. If making a purchase, you are charged no fee at all. If selling, you are charged 2. When you make payment either using the credit card or your PayPal account, processing time is instant.
The funds are instantly deducted from your account. Payments via eChecks take business days. Withdrawing funds to your bank account take about 2 to 3 business days. As a trader, knowing the chargeback policies of a payment service is very important. Basically, chargeback is available through the Purchase Protection policy and is applicable on purchase of products but not services.
As of June , PayPal updated their user agreement policies. The updates mainly affected the Section 11 Protection for sellers and section 13 Protection for buyers. These recent policy updates exclude a number of activities from Purchase Protection. These include but not limited to activities that require entry fees and prizes, such as gambling and gaming.
Since stock trading is a service and requires entry payments, it is excluded from the activities that are eligible for a reimbursement. That means that chargebacks policies are not applicable to forex trading. However, you can file your dispute and try to resolve the case if you want. There are so many benefits of using PayPal for forex trading, but just to list a few: With just a few clicks, you can make your deposits. View all countries from here. With the endless number of benefits for forex traders, PayPal is certainly the easiest convenience that any trader can ever need.
Which FX pair do you trade? Bitcoin Ethereum Ripple Litecoin Dash. Which index do you trade? Which stocks do you trade? Compare brokers that offer Compare brokers that accept Compare brokers regulated by See Details Try a Demo.
Fixed Variable See Spreads. Live chat Phone support Email support Contact Details. Financial Conduct Authority F Let our tool do the hard work of finding your next broker. Try it Now Visit BrokerNotes. CFDs are leveraged products and can result in the loss of your capital.
Rankings are influenced by affiliate commissions. Here are some areas where AvaTrade scored highly in: Allows hedging 2 languages Leverage up to 7: For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Part 4 Benefits of choosing a Broker that accepts PayPal For those who are interested in opening an account with a forex broker, there are several factors which need to be considered.