AvaTradeGO
AvaTrade provides its proprietary mobile platforms, AvaTradeGO and AvaOptions, along with the full MetaTrader suite (MT4 and MT5) for both Android and iOS devices. These apps collectively offer a well-rounded suite of mobile trading platforms.
The AvaTradeGO app closely resembles its web counterpart, providing a user-friendly interface. It offers a robust default set of syncing watchlists and includes a unique feature called AvaProtect, designed to manage volatility risk. AvaProtect allows traders to reduce risk on open trades by partially hedging their positions using forex options, albeit at an additional cost.
The AvaTradeGO app offers charts with 93 indicators, although accessing these indicators may require multiple steps. However, it's important to note that the app lacks drawing tools and offers only three selectable chart types. Trading Central's integrated research and related tools are available within the mobile platform, enhancing the trading experience. While mobile charts at AvaTrade are good, there is room for improvement in terms of functionality.
The AvaOptions app is well-designed and presents option-chain data uniquely. AvaTrade overlays strike prices onto a chart, allowing traders to adjust strike prices simply by dragging them higher or lower. This feature provides added convenience and flexibility in managing options trades. The app also offers 14 default options trading strategies, and selecting a strategy will automatically populate the order ticket with the related options contracts. However, one notable aspect is that the entire app experience is displayed in landscape mode, which may require users to hold their phones differently.
Step-by-step registration
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Download the App. Go to your device's App Store (iOS App Store for Apple devices or Google Play Store for Android devices). In the search bar, type "AvaTradeGO" and search for the app. Download and install the AvaTradeGO app on your mobile device.
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Sign-In or Create an Account. Open the AvaTradeGO app. On the sign-in page, if you already have an account, you can enter your login credentials to sign in. If you don't have an account, proceed to create one by tapping the "Register" or "Open an Account" button.
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Provide Basic Information. Enter your email address and select a password for your account. This will be your login information for the app.
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Personal Details. Fill in your full name and date of birth.
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Address Information. Provide your residential address. This information is essential for determining the regulatory regime under which you'll be trading.
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Contact Information. Enter your phone number, which will be used for account verification and communication.
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Identification Documents. Prepare your photo identification document (e.g., passport, driver's license) as you will need to upload it later for compliance purposes.
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Account Preferences. Select the type of trading account you wish to open. You may be asked to provide information about your occupation, income, and net worth.
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Legal Documents. Confirm that you have read and understood the legal documents provided by AvaTrade, such as terms and conditions, privacy policy, and risk disclosures.
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Final Confirmation. Review the information you have provided for accuracy. Once you are confident that all details are correct, confirm your registration and agree to AvaTrade's terms and conditions.
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Verification. Depending on regulatory requirements and the type of account you've chosen, AvaTrade may request additional documentation for verification purposes. This typically includes uploading your identification document.
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Ready to Trade. Once your account is verified and approved, you will be ready to start trading using the AvaTradeGO mobile app.
