Avatrade offers several trading tools that span from risk management to market news. For instance, Guardian Angel is a noteworthy one. It is essentially a risk management tool that learns from your past actions and provides feedback to help you become a better trader. Avatrade also allows Expert Advisors on MT4 and MT5, while also encouraging traders to make use of a VPS that ensures better execution. In addition, AvaTrade provides a tool called AvaProtect, which is a unique feature that protects trades from losses on certain instruments.
In terms of spreads, AvaTrade’s main competitors are FXPro, Vantage, Pepperstone, Forex.com, and XM. Since the broker doesn’t apply trading commissions, the crossing between ask and bid spreads is the main source of its revenue.
AvaTrade professional account holders enjoy a tighter spread than retail account users. On top of account types, the spread varies depending on the type or class of the trading asset.
The average GBPUSD spread in AvaTrade is 1.6 pips. This is higher than Pepperstone (0.75 pips) and Vantage (1.4 pips) but far better than Forex.com and XM.
Avatrade’s Gold spread sits between 3 and 4 pips, making it less competitive than other brokers. If we are to compare its offering on EURUSD, Avatrade’s Gold spread is still far from the more expensive brokers.
