AvaTrade App – Review, Top Features, Benefits, Set-up Process & more
AvaTrade is a known Stock Broker has come up with its Trading App that goes by the name of AvaTrade Go.
Through this blog, you will understand how AvaTrade App functions. Along with the reasons that make it a good choice for forex traders.
Forex trading has become the talk of the town among investors and traders. While trading in Forex people prefers using a platform that provides ease of access.
At the same time, it should get the job done in no time.
About AvaTrade App
The AvaTrade mobile trading app is one of the most user-friendly apps when it comes to forex trading.
Unlike other common trading apps, the Avatrade app provides you with unique features.
These highly useful features enhance your trading experience substantially. In fact, the app makes trading more effective than any other broker in the market.
The app is compatible with both Androids and iPhone. Thus you do not have to worry about the compatibility of the app with your existing device.
As mentioned earlier, the app comes with a lot of inbuilt features. So, let us now jump to the different features offered by the AvaTrade trading app.
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AvaTrade Mobile App – Top Features
The AvaTrade mobile app provides you with endless features. These features improve the way you trade.
At the same time, making it easier for you to analyze different securities. The AvaTrade mobile trading app comes with the following features.
The first thing that you see after opening the app is the dashboard. The app layout allows you to take a look at different features of the app at a single glance.
The dashboard includes the Home Screen, Search, Order Book, Positions, and Trading Central. The home screen comes embedded with three different lists of securities.
The first one is a list called Favorites that shows all securities that you have the market as a favorite.
The second list known as Hot tells you about the hot securities that are trading in the market at that time.
The third list known as ‘Trends’ tells you about all the trending assets in the market. Apart from this, you have the choice to look for any security that you wish to trade in by using the search option.
Charts and Orders
Selecting security for trading is a preliminary step that you take for trading.
After selecting security you have to choose the price at which you would like to buy or sell it. One of the best ways to select the price is by using technical analysis.
For doing this one has to look at the chart of that particular security. This is where the different analytical tools of the AvaTrade mobile app come into play.
The app provides you with charting software that allows you to look at the prices of a security in the form of a chart.
You can view it in different time frames. With that, you can use different indicators that will help in making your analysis better.
After analyzing particular security you need to place an order for trading. Most ordinary apps allow you to place limited orders.
But, the AvaTrade app comes with different types of orders for different situations. The two broad categories of orders are market order and limit order.
In case of a limit order, you enter/exit a trade on the price that you have entered in the app.
However, in a market order, you do not have to set a price because the trade gets executed at the current market price.
Trading in different securities makes it crucial to know about the market outlook.
It is because the price of security could be affected by different reasons. Therefore, one must always keep an eye on the different factors.
To help you out with this, the AvaTrade app provides two features known as ‘Economic Calendar’ and ‘Market Buzz’. These two options can prove to be lifesavers while trading in forex.
The economic calendar keeps informing you about the upcoming economic happenings. This makes it easier for the traders to keep a track of them.
On the other hand, the market buzz option sends you regular updates about the current affairs of the financial markets.
With the help of these two features, you can make investment decisions wisely.
Track your Orders
While trading in the markets traders generally put various orders for trading in different securities.
The order book of the Avatrade app helps you in keeping a track of all the orders that you have placed in a day to keep a check on the price or quantity.
The order book is further divided into different parts to keep you informed about your executed orders, pending orders and canceled orders, etc.
How to use AvaTradeGo Mobile App?
The AvaTrade mobile app comes with a user-friendly interface which makes it easier for traders and investors to use the app without any difficulties.
Due to its wide compatibility, you can install it from both the Play store as well as the App Store. When it comes to using the app, it is a cakewalk.
Let us guide you through the entire process in brief:
- The first thing you need to do is create an account with AvaTrade. For doing this you need to fulfill some basic formalities.
- Once you are registered, you will receive a confirmation that your account has been activated. Along with that confirmation, you get the login credentials for your account.
- The moment you log in, you see various features that we talked about earlier. However, to actually start trading you need to deposit some account.
- For doing that, you have to click on the Trading Central. There you will find an option for adding funds. You will come across different payment methods and you can choose the one that fits your needs.
- After adding funds, you can place orders by simply searching for the security you want to trade.
- You can place different types of orders and use different tools for analysis that we mentioned earlier.
How to own AvaTrade Mobile Trading App?
After installing the app you would not be able to trade right away because the app is only a tool that links you to the market.
To begin trading, you will have to open a trading account with the broker AvaTrade.
Once you have created an account you can log into the app using the credentials and begin your trading journey.
You can use different features of the app as mentioned above for placing orders, creating watchlists, adding funds, withdrawing funds, etc.
Advantages of AvaTrade Mobile App?
The app provides you with numerous benefits. We will now take a look at a few of them:
- Easy user interface and portability allow you to trade whenever and wherever you feel like.
- The app is highly responsive which makes it lag-free and gets everything done in a split second.
- It gives you the option of keeping track of your previous trades that helps in knowing the proof booked or loss incurred in a given time frame.
- The feature of market buzz and economic calendar is highly useful for knowing about the market outlook.
- The app allows you to place different types of orders as per your requirement.
AvaTrade Mobile App – Conclusion
It does not matter if you are a new trader or a professional. The AvaTrade trading app will meet all your requirements.
The ease of access and the various features provided by the app make it one of the best choices among its competition.
Hence giving it a rating of 4.4 stars on the Play Store with more than 500,000 downloads.
FAQs on AvaTrade Mobile App
Here are the most searched FAQs on AvaTrade Mobile App –
What is the AvaTrade mobile app called?
The AvaTrade mobile app is known as AvaTrade Go. As the name suggests, the app provides forex trading making it easier for traders and investors.
Another reason for calling the app AvaTrade Go could be its availability. One can easily find the app on the play store as well as the app store.
Does AvaTrade provide an iOS App?
The AvaTrade mobile app is available on both Android devices as well as iPhones. Therefore, the users can have access to all the features regardless of the device they use.
The best part is the consistency it offers. AvaTrade offers a similar user interface for both devices. Therefore, if you are switching from Android to iOS, you won’t face issues.
Is AvaTrade App Free to use?
Yes, the AvaTrade app is free to use. This makes it a great choice for investors who are new to the market.
Due to its ready availability, it can be downloaded by all users. However, if you wish to start trading you have to start with an initial deposit of $100.
How to download AvaTrade Forex App?
The AvaTrade mobile app can be downloaded from the play store in the case of android devices. In case you have an iPhone you can download it using the App Store.
The first thing you need to do is open the play store or app store, depending on your device. After this, you need to search for the app and install it.
What features does AvaTrade Trading App have?
The AvaTrade mobile app comes with a variety of features. These include different types of orders such as limit, price, stop loss.
Another very useful feature is the market outlook offered by the app. The app tells you about the current market and the economic changes that might happen.
Using these features you can trade-in your desired security after thorough analysis.
Can I trade in Shares via AvaTrade Mobile App?
Yes, the AvaTrade app can be used for trading in shares and currencies. Different traders trade in different securities.
Keeping this thing in mind, AvaTrade offers various types of securities including shares.
The procedure for trading and investing is the same for all securities including shares. This makes it feasible for all types of traders to use the app.
Is AvaTrade Android App good?
The AvaTrade mobile app is highly popular among forex traders due to its ease of use and the features it provides.
Android and iOS are the two major operating systems. Due to which AvaTrade has made its app compatible with both.
Therefore, one does not have to worry about using the AvaTrade app on android devices.
Does AvaTrade Mobile Trading App have EKYC Feature?
Yes, the AvaTrade app requires you to complete the EKYC procedure. After doing this you can start using the app for trading and investing.
EKYC is nothing but an online procedure for verifying the identity of the user. This can be done through identity proof. The EKYC features make AvaTrade a safe and secure app.
Does AvaTrade Android App provide Tips?
Yes, the app keeps you updated with their analysis and reports about the market. These reports are made after thorough research and they are quite reliable too.
Apart from providing reports, the app keeps informing you about the major economic changes too. Investors can use these reports and keep an eye on the economic calendar too.
How to Buy Currencies via AvaTrade App?
In the digitally transforming world, currency trading has become quite popular among traders.
Therefore, you can buy currency by looking for them in the search section of the AvaTrade mobile app. There you will find a category of currencies.
In this, you can find all the major currency pairs. Just like any other security, trading in currencies is quite easy with the app.
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