AVA Social Copy Trading Review 2023 – Compare Best Copy Trading Platforms

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Here you can read an in-depth analysis of AvaSocial copy trading service. To access more reviews on other copy trading services, click here.

AvaSocial is the brand new copy trading service introduced by the online broker AvaTrade. The platform, available as an app from Google Play and App Store, was launched at the end of last year. This AvaSocial Review will look at the platforms’ features, the registration process, and the pros and cons of using AvaSocial.

AvaSocial Overview

AvaSocial is a result of Ava Trade’s cooperation, a global CFDs and forex broker and Pelican Trading, a London-based company with their trading app – Pelican. They aim to bring together the experience and the know-how of both companies and offer a product that will compete with the established players on the market.

AvaSocial Features Review

At a glance, it is designed as a typical trading app – a user-friendly interface, different bright colours, easy to scroll and navigate through the menu. The app aims to attract novice and experienced traders by offering them daily market updates and interacting opportunities.

Developed by Pelican trading, the app is similar to any social media application with online chat groups, personal messages, comments and shares. In a way, that takes the edge of the idea that trading is complicated.

However, on the other side, reading all these comments and opinions might be confusing for beginners who usually prefer more straightforward guidance.

AvaSocial emphasises on learning. As it’s pointed on their website: “Novice traders can gain exposure to the markets while learning!”. To support this promise, They provide various opportunities for traders to connect and interact, including a Mentor’s role.

Mentors are experienced traders who answer questions, explain their strategy decisions, and help others learn.

As for the copy trading part, AvaSocial offers automated copy trading on the selected strategies – a practice that is gaining strong momentum in the field.

A curious addition to the platform is digital trophies, a variety of banners, and winner’s images that members are rewarded for their trades’ success.

There are no role differences compared to other social and copy trading platforms. Both experienced and novice traders register the same way. Basically, everyone can be a follower or to follow. To start, you need to download and register your profile through the app.

Once you finish the process, the next step is creating a broker MT4 account and then selecting the assets you’d like to trade. The list includes forex, stocks, commodities and cryptos. Funding your account is available through AvaTrade standard deposit methods – including credit cards and online transfer.

To withdraw your earnings, you need to be sure your account is verified and confirmed. This is often neglected by the users when using different mobile apps. However, you need to be extra cautious when it comes to trading, so make sure your profile is completed before using the platform.

AvaSocial Customer Experience Review

It is an interactive application that aims to present trading as a whimsical game. It’s fun, and there are many opportunities to interact with like-minded individuals.

However, despite being advertised as beginners-friendly, the mixture of traders with different levels of experience without clear roles of strategy providers can be confusing to those just starting in trading.

Pros and Cons

Pros:

► Interactive and easy to navigate the app

► Wide range of trading assets to choose from

► Good interaction between users

Cons:

► No clear roles between copy traders and strategy providers