AvaTrade Review
📅 Year founded	2006
📈 Multiple top-tier regulation	Yes
📍 Headquarters	Dublin, Ireland
🌍 Country of regulation	Ireland / Australia / Japan / South Africa / United Arab Emirates / British Virgin Islands / Israel
✅ Regulators	ASIC / Central Bank of Ireland / FSCA / FSC / ADGM / FSCA / FFAJ / ISA / BVIFSC / IIROC
📈 Execution Type	Market Execution
💰 Minimum Deposit	$100 USD
🛡️ Negative Balance Protection	Yes
📉 Trading Platforms	MetaTrader4 / MetaTrader5 / AvaOptions / DupliTrade / WebTrader / AvaTradeGo / AvaSocial
☪  Islamic account	Yes
📉 Trading Instruments	Metals / Commodities / Stocks / Forex Options / Oil / ETFs Options / Cryptocurrencies / CFDs / Indexes / Shares / Spread Betting / Indices / Forex / Bonds
📱 Mobile trading	iOS, Android and Windows
💳 Payment Types Accepted	Credit and Debit Cards / Bank Wire Transfer / PayPal / Skrill / Neteller / PerfectMoney / Boleto Bancario
🎮 Demo Account	Yes
ⓒ Copy Trading	Yes
🎁 Bonus Offer	Welcome Bonus of up to $10 000 USD
💰 Account Currencies	USD / EUR / GBP / CAD / AUD
📈 Minimum Trade	0.01 Lots
📈 Account Types	STP, DMA, MAM, PAMM
📈 Margin Trading	Yes
📈 Trading fees	Low
📈 Inactivity fee	After 3 Consecutive Months
💰 Withdrawal fee	No
☎ Customer Support	24/5 Assistance Through Contact ID and Email
💰 Max. Leverage	400:1
✔️ Hedging Allowed	Yes
✔️ Scalping Allowed	Yes
💰 Commission	Low
💰 Spreads	From 0.0 pips
💰 Leverage	400:1
💰 Currency Pairs (Total Forex pairs)	60 +
🔢 Number of clients	400 000 +
🥇 Instruments Offered	1 250 +
📙 Education	Sharp Trader / Videos / Articles / Webinars / eBook / Online Academy
Click here ✅ Open a Trading Account

 

WHAT IS AVATRADE?

 

Found in 2006, AvaTrade is a respectable forex and CFD brokerage firm with its headquarters located in Dublin, Ireland. This online broker is regulated by the FSC, Central Bank of Ireland, ASIC, FSA, FFA, ADGM, FFAJ, ISA, BVIFSC, IIROC and FRSA.

At AvaTrade, clients can trade a range of trading instruments, such as forex, stocks, commodities, indices, ETFs, bonds and cryptocurrencies.

The broker also offers a variety of trading platforms to its traders, including MetaTrader4 (MT4), MetaTrader5 (MT5), AvaOptions, ZuluTrade and DupliTrade.

 

INTRODUCTION

 

AvaTrade was established in 2006 and has since been an innovative leader in the online trading industry with a broad range of platforms and services to offer. The company has expanded a great deal, with more than 400 000 registered clients around the world performing over 2 000 000 trades every month.

AvaTrade’s trading volumes are in excess of $60 billion USD every month while the company’s multilingual support desks provide 24-hour assistance for 5 days a week.

Clients can expect the following when opening a trading account with AvaTrade:

• More than 1 250 trading instruments on offer.
• Compatibility with desktop, mobile, tablet, Mac trading or web.
• A variety of automated trading platforms.
• Fixed and competitive spread accounts.
• For security purposes, clients’ funds are held in segregated accounts.
• Regulated in Australia, Europe, British Virgin Islands, Japan, United Arab Emirates and South Africa.
• Swift withdrawal of profits.
• Advanced technology and cutting-edge features for trading.
• Leverage of up to 400:1.
• 24/5 customer support.

 

The broker has developed a trading environment that will suit any type of trader, whether they are beginners or experts. AvaTrade offers a great variety of trading instruments to its clients, including forex, stocks, commodities, indices, ETFs, bonds and cryptocurrencies.

AvaTrade provides a user-friendly trading environment with a variety of great trading tools for all types of traders. The broker also has low transaction fees and outstanding educational support.

AvaTrade has many user-friendly tools available for research purposes. On the negative side, there is a high brokerage fee that is charged on trading inactivity.

 

PROS & CONS

 

PROS

• Fast and swift digital broker account opening process.
• Free deposit and withdrawal options.
• Good research and educational tools.
• Low trading fees.
• High-quality client support offered in over 14 languages.
• Many asset types.
• Well-regulated broker with a great reputation.
• AvaTrade Demo Account available.

 

CONS

• Poor phone support.
• Administration brokerage fee applicable.
• Inactivity fee applicable.
• Limited research tools provided.

 

TRADING INSTRUMENTS

 

At AvaTrade, clients can choose between seven trading instruments to trade with. Traders can trade forex, commodities CFDs, stock CFDs, index CFDs, cryptocurrency CFDs, ETFs CFDs and bonds CFDs.

 

Forex

 

Forex trading is considered as the biggest financial market globally with a turnover of more than $6 trillion USD per day. AvaTrade offers three main groups of forex trading pairs including majors, minors and exotics. Traders can expect the following when trading forex with Avatrade:

• Majors refer to popular traded currencies. Major currency pairs always include the US Dollar, such as the USDJPY, GBPUSD and EURUSD.

• Minors or cross pairs refer to currencies of large economies, apart from the USD. Most minors or cross pairs include the British Pound (GBP), Euro (EUR) or the Japanese yen (JPY).

• Exotics refer to currency pairs that consist of a major currency and a currency of a developing economy. Popular traded exotics are GBPSGD, USDZAR and EURTRY.

 

Commodities CFDs

 

Globally, commodities are traded on various exchanges and are generally traded as futures agreements at a set price and date. AvaTrade offers an exclusive range of CFDs and clients can trade different markets, such as metals and energies. Traders can expect the following when trading commodity CFDs with Avatrade:

• Hard or soft commodities can be traded on AvaTrade’s MT4 platform.
• AvaTradeGO innovative trading app.
• Leverage up to 200:1 available.
• Competitive spreads.
• 24/5 customer support in various languages.

The broker allows its clients to easily trade hard or soft commodities online.

 

Stock CFDs

 

AvaTrade offers its clients the opportunity to buy stock CFDs in the globe’s largest companies. Clients can buy and sell shares in large businesses that are listed on the NASDAQ, NYSE and the London Stock Exchange amongst others. Traders can expect the following when trading stock CFDs with Avatrade:

• Leverage up to 20:1 available.
• Major exchanges available, such as the NYSE, NASDAQ, FTSE and others.
• Trade stocks on mobile.
• Client support available in various languages.
• AvaTrade is internationally regulated.
• Access to educational trading tools.
• Trade across several trading platforms.

 

Index CFDs

 

Trading indices at AvaTrade allows traders to take a chance on the globe’s main financial markets and keep up to date with the main stock markets. The broker delivers a great range of stock indices to its clients, covering many markets around the world.  Traders can expect the following when trading index CFDs with Avatrade:

• AvaTrade’s clients can trade the top European, US and Asian stock indices.
• Trade long or short.
• Leverage up to 200:1 available on trading indices.
• AvaTrade’s MT4 and MT5 platforms are available for desktop, mobile and tablet.
• Web trading platform available with no need to download or install any software.
• Autotrading options available.
• AvaTrade is internationally regulated.
• Client support available in various languages.
• 20 tradable indices, including the S&P 500, DJIA, NASDAQ 100, FTSE 100 and DJ EURO STOXX 50.

 

Cryptocurrency CFDs

 

AvaTrade offers its clients the opportunity to trade an extensive range of major digital coins. Traders can expect the following when trading cryptocurrency CFDs with Avatrade:

• Clients’ funds are protected with over 6 regulatory authorities as well as segregated accounts.
• AvaTrade has a wide variety of cryptocurrencies available to choose from on its trading platforms.
• No commissions or bank fees are charged on transactions.
• Trading cryptocurrencies at AvaTrade can be done 24/7.
• Client support available in over 14 different languages.
• AvaTrade leverage up to 2:1 for EU residents and up to 25:1 for non-EU residents.
• Traders can pre-set profit and loss levels.
• Buy-stops and buy-limits are available.
• Trade cryptocurrencies against Fiat currencies, such as USD, EUR, JPY, etc.

 

ETFs CFDs

 

AvaTrade provides more than 25 ETFs to trade as CFDs. Traders can expect the following when trading ETF CFDs with Avatrade:

• AvaTrade is internationally regulated.
• Competitive spreads.
• AvaTrade leverage up to 20:1 available.
• Short trading available.
• Excellent educational materials for trading.
• Daily market analysis.
• Client support available in various languages.

 

Bonds CFDs

 

Bonds are also known as treasuries or securities. The broker provides a selective range of Asian, US and European government bonds to trade as CFDs on MT4 and MT5. Traders can expect the following when trading bond CFDs with Avatrade:

• European and Japanese government bonds.
• No commission charged on trades.
• Competitive spreads.
• AvaTrade leverage of up to 20:1 available.
• Trade long or short.
• Manual and automated trading platforms available.
• Expert advisors trading bots available for MT4.
• AvaTrade offers Euro and Japan government bond treasuries.

 

TRADING PLATFORMS

 

AvaTrade has a range of cutting-edge trading platforms to choose from. Each one of the broker’s platforms is well-designed to provide traders with a great trading experience.

 

AvaTrade MT4:

• MT4 is seen as the world’s best trading platform, embedded with expert advisors and indicators.
• Free demo broker account available.
• AvaTrade requires a minimum deposit amount of $100 USD.

 

AvaTrade MT5:

• Most recent and popular multi-asset trading platform.
• Access to a Forex Economic Calendar.
• Embedded trading robots.
• Copy trading available.
• AvaTrade minimum deposit amount of $100 USD required.

 

AvaOptions

• Trade more than 60 forex pairs, gold & silver call and put options.
• Free AvaTrade demo account available.
• AvaTrade minimum deposit amount of $1 000 USD required.

 

ZuluTrade (Copy trading)

• Wide range of best traders to follow.
• Free demo account available.
• AvaTrade minimum deposit amount of $500 USD required.

 

DupliTrade

• Advanced auto-execution mirroring system in accordance with signals from professional traders.
• Great variety of strategy providers.
• Swift trade execution.
• User-friendly.
• Access to present-time trading data.
• Free demo broker account available.
• AvaTrade minimum deposit amount of $2 000 USD required.

 

ACCOUNT TYPES

 

AvaTrade has a main Regular Account and two additional account options available, including an AvaTrade Demo Account and an Islamic Account.

 

Regular Broker Account

 

The broker’s regular account has a minimum deposit requirement of $100 USD. This account provides competitive spreads, great customer support services and allows traders to trade a number of trading instruments.

Account holders may also benefit from progressive perks based on AvaTrade deposit amounts.

 

Demo Broker Account

 

AvaTrade’s free Demo Account is perfect for beginners who want to learn how to trade. Similar to a real trading account, AvaTrade’s Demo Account displays real-live market fluctuations.

Experienced traders can also make use of the AvaTrade demo account in order to experiment with new trading strategies, to practice on new trading channels, or learn more about the trading market.

AvaTrade’s Demo Account accurately simulates AvaTrade’s actual live account. Traders will receive a total of $100 000 USD virtual funds to trade with and the account only lasts up to 21 days.

 

Islamic Broker Account

 

AvaTrade has an Islamic trading account on offer that has been developed to meet the needs of its Muslim clients. At AvaTrade, Muslim traders are provided with a “swap-free” account option that complies with the Islamic Sharia principle of trading with no interest.

AvaTrade’s Islamic Account can be opened with the following 3 easy steps:

1. Provide AvaTrade with all the necessary documentation in order to verify your account.
2. Deposit funds into your trading account.
3. Apply for AvaTrade’s Islamic Account. The application will be administered within 2 business days.

 

Here are some of the main features of AvaTrade’s Islamic Account:

• AvaTrade charges no interest or swap charges on overnight positions.
• Trading platforms that are secure and intuitive with no requotes.
• Immediate trade execution.
• Similar trading conditions as AvaTrade’s other trading accounts.
• Access to AvaTrade’s trading platforms, together with WebTrader, Android and iOS platforms.

 

HOW TO OPEN AN ACCOUNT

 

The account opening process at AvaTrade is easy and fully digital. This process can be done within a few minutes, whereafter you can immediately start trading.

A trading account can be opened as follows:

1. Provide the broker with some basic personal information by completing the application on AvaTrade’s website. Traders can also use their social profiles to share this personal information, such as Facebook or Google.

1. Answer some questions regarding your previous experience in the trading environment.

1. Provide the broker with a coloured copy of your ID document, driving license, or passport for verification of your identity. It is important for your ID document to show your photo, birth date, and full names. This information should exactly match the personal information that was provided upon registration.

1. Submit a copy of your recent utility bill or bank statement from the last six months for verification of your residential address. It is essential for these documents to show your name, residential address and a date. This information should also exactly match the information that was provided upon registration. Letters and mobile phone bills cannot be used for verification purposes.

1. Provide AvaTrade with your contact information.

1. As soon an “AvaTrade live account” has been opened, you can link your bank account in order to fund your new trading account with funds. As indicated before, AvaTrade allows deposits through wire transfers, credit cards and other electronic transfer options.

 

It must be noted that your submission documents for registration should be clear and readable. It is also important to note that once you have created your trading account, you cannot change the base currency of your account. However, traders can open an additional trading account with a different base currency at a later stage.

 

COPY TRADING

 

Copy trading allows new and experienced traders to participate in the financial markets by copying trades that are performed by professional and expert traders with great track records.

Copy trading offers an opportunity for individuals who wish to trade but lack the time or knowledge to trade by themselves.  AvaTrade provides its clients with a range of direct and indirect copy trading opportunities.

AvaTrade offers the following trading platforms for copy trading:

• ZuluTrade
• MetaQuotes Language 5 (MQL5) signal service.
• DupliTrade.

 

COMMISSIONS & FEES

 

AvaTrade has average trading and non-trading fees and does not charge commissions for trades.

At AvaTrade, no fees are charged for deposits and withdrawals. However, a minimum amount is required when withdrawing funds.

The broker charges various fees for overnight interest, spreads and margins. Compared to other brokers, AvaTrade provides competitive spreads and gives traders the opportunity to decide between fixed, variable and floating spreads.

AvaTrade charges an inactivity brokerage fee of $50 USD (or the equivalent currency) after 3 months of inactivity.

In addition to the above-mentioned inactivity fee, an administration fee of $100 USD (or the equivalent currency) is automatically charged after 12 consecutive months of inactivity.

 

LEVERAGE

 

With leverage trading or margin trading, traders can open positions that are much larger than what his / her capital allows.

Leverage at AvaTrade varies on the type of instruments that are traded, as well as the chosen trading platform. Traders can enjoy leverage up to 400:1 on AvaTrade’s MT4 and MT5 platforms.

Traders should make sure of the leverage on a particular trading platform before making any trades. To circumvent a margin call, traders should also make sure that they have sufficient funds to continue trading without interruption.

 

WITHDRAWALS AND DEPOSITS

 

AvaTrade offers many options for traders to withdraw and deposit their funds, since all traders have different requirements. Traders can use debit cards, credit cards, bank transfers and e-payment methods (Neteller, Skrill, WebMoney, etc.).

AvaTrade’s clients have direct access to the financial markets with easy and convenient ways of making deposits.

 

CUSTOMER SERVICE

 

AvaTrade’s customer support is delivered in more than 14 different languages. The broker’s support desk is available 5 days a week whenever the forex market is open.

Traders can contact AvaTrade’s customer support by means of telephone, email or live chat. AvaTrade contact details can be found on the website. The broker also has a comprehensive section on its website with a number of FAQs.

Ava Trade has a number of offices globally that are open for traders to visit.

In addition to English, traders can contact the broker in many other languages, such as French, German, Italian, Arabic, Chinese and Russian.

 

SAFETY AND SECURITY

 

AvaTrade is a globally regulated broker by a number of authorities. The broker ensures the safety of its client’s information and funds as follow:

• 256-bit SSL encryption for security.
• True-Site identity assurance seal.
• WebTrust compliant.
• McAfee Secure (HackerSafe) to avoid credit card scam and identity theft.
• Clients’ funds are segregated.

 

RESEARCH

 

The broker offers great research tools over various channels such as DupliTrade (social copy trading platform).

AvaTrade provides research tools on its website, as well as on its Webtrader, MetaTrader and AvaOptions trading platforms.

A number of research tools are available to clients, from trading ideas to news feeds. The broker’s research tools are considered to be very easy to use. On the negative side, there are no fundamental data on stocks available.

 

Trading signals

 

Autochartist is one of AvaTrade’s best types of research offering, apart from the copy trading platforms. AutoChartist assists clients in finding trending opportunities with its excellent pattern-recognition tools. It is available for the broker’s live account holders with a required minimum deposit of $500 USD.

 

Market analysis

 

Clients can expect to receive technical & fundamental analysis articles with SharpTrader. These are posted day-to-day by analysts.

 

Trading ideas

 

AvaTrade has a variety of trading ideas available. These trading ideas are based on technical tools that can be found on the broker’s website under “Trading Central”.

 

Fundamental data

 

With AvaTrade, no fundamental data on stocks are available.

 

Economic calendar forex

 

AvaTrade has an economic calendar available with historical economic data.

 

Charting

 

Good charting tools can be expected with AvaTrade and charts can be edited without any difficulties. Over 90 technical indicators are also available to use.

 

News feed

 

AvaTrade’s news feeds are considered to be very good and can be found on the website under ‘Market Buzz’. Traders can see the most popular topics that have been discussed and whether they were good or not.

 

EDUCATION

 

AvaTrade has an excellent educational section for trading with many high-quality educational materials. The educational material provides various opportunities for learning to trade. These include trading basics, economic indicators and charting.

At AvaTrade, traders can learn to trade by means of:

• AvaTrade Demo account.
• Platform tutorial videos.
• Common educational videos.
• Excellent educational articles.
• Webinars are provided on a regular basis.

 

Beginner’s Trading Guides

 

Avatrade’s “Trading for Beginners” section offers guides that can help traders to trade with confidence. These guides will teach you more about the following:

• Currency pairs.
• How the forex market works.
• Market analysis.
• CFD instruments.

 

Trading Videos

 

AvaTrade has a video library with many trading videos of great quality. The following topics are discussed in the trading videos:

• Assets and Tools.
• Trading strategies.
• Advanced trading tools.
• Trading platforms tutorials.
• Trading safely.
• Beginner lessons.

 

eBooks

 

eBooks offer traders with all the necessary information that is needed to improve their trading knowledge and to start trading with confidence.

 

Order types

 

The word “order” refers to the way in which traders will enter or exit trades. The broker offers a number of different types of orders that can be placed in the market. A trade can be executed at the present market price. A conditional order can also be created for those traders who want to execute a trade at a future market price.

 

GLOBAL AWARDS

 

AvaTrade has accumulated the following awards over the last few years, amongst others:

• Best Affiliate Programme (2017), awarded by Fxdailyinfo.com.
• Best Trading Experience (2017), awarded by Fxdailyinfo.com.
• China’s Most Trustworthy Broker (2018), awarded by FX Eye.
• Top 10 Brokers in China (2018), awarded by Wikifix.
• Best Affiliate Programme (2018), awarded by Fxdailyinfo.com.
• Best Trading Experience (2018), awarded by Fxdailyinfo.com.
• Best Forex Broker (2018), awarded by FXEmpire.
• Most Reliable Broker (2018), awarded by FXEmpire.
• Best Educational Broker (2018), awarded by FXEmpire.
• Best Forex Broker in Portugal (2019), awarded by Rankia.
• Most Innovative CFD Broker in the UK (2019), awarded by the International Business Magazine.
• Best Forex Broker (2019), awarded by Daytrading.
• 1 Broker (2020), awarded by The European.
• Best Forex Broker (2020), awarded by The European.
• Best BTC (Bitcoin) CFD Trading Provider of the year (2020), awarded by The European.
• Best Affiliation Programme (2020), awarded by The European.
• Best Mobile Trading Platform Spain (2023), awarded by Finance Derivative.
• Best Affiliate Programme UAE (2023), awarded by Global Business Magazine.
• Most Trusted Broker (2023), awarded by International Investor.
• Most Reliable Trading Platform UK (2023), awarded by World Business Stars Magazine.

 

PROMOTIONS AND BONUSES

 

Based on your country of residence, AvaTrade may have bonuses available. You can contact the broker to find out more about their promotions and bonuses on offer.

From time to time, the company offers welcome bonuses (AvaTrade deposit bonus) to its traders. If current clients do not receive bonuses, they should approach their respective account managers to find out whether they qualify for an AvaTrade bonus or not.

AvaTrade currently offer up to a $10 000 USD welcome bonus.

Bonuses usually require a minimum deposit amount when opening a trading account. Previously, traders received bonuses when depositing at least $1 000 USD upon opening a trading account with AvaTrade.

It must be noted that you can only withdraw bonuses when reaching a certain trading volume in your account. If the required trading volumes are not reached, AvaTrade can cancel and remove your bonuses from your trading account. Please read the brokerage firm’s terms and conditions to find out more.

 

SAFE OR SCAM?

 

Is AvaTrade legit?

 

AvaTrade is considered by many to be a respectful and trustworthy company that is regulated by a number of global authorities including in Australia, Europe and South Africa.

Traders can trade with confidence with one of the best online brokerage firms in the industry. The online broker has won many industry awards over the last few years and is regarded as a genuine forex and CFD broker.

Although AvaTrade is a deep-rooted company, it is not listed on an exchange. The broker also does not have a parent bank and does not disclose financial information.

The broker is regulated by various authorities and bodies, including the following:

• Central Bank (Ireland).
• V.I Financial Services Commission (British Virgin Islands).
• Japanese Financial Services Agency (FSA).
• Australian Securities and Investments Commission (ASIC).
• Financial Futures Association of Japan (FFAJ).
• Financial Sector Conduct Authority (FSCA) in South Africa.

The fact that AvaTrade was found in 2006 is proof that the broker has an extensive track record. It also means that AvaTrade has fruitfully survived former financial crunches.

AvaTrade is an industry leader in online forex trading with more than 400 000 registered traders globally. More than 2 000 000 trades are made every month by the broker’s clients.

With AvaTrade, you can expect a user-oriented trading environment that is developed on great trading platforms.

The broker has a history of state-of-the-art risk-management tools for its clients. The company introduced AvaProtect in 2020 which is a trading tool that offers protection to clients against losing trades for a certain period. This means that you will be refunded for the losses that you have been suffered during the specific time period.

With AvaProtect, traders will still be able to profit from any gains on their positions. You can access AvaProtect via the AvaTradeGo App and the cost thereof depends on the market and trading sizes. In our opinion, this is the best trading app in the industry when looking at proprietary trading apps.

 

Is AvaTrade a good forex broker?

 

In our opinion, AvaTrade is a very good broker. For many years, the broker has established itself as a frontrunner in the online trading industry, with a reputation for great customer support.

 

CONCLUSION

 

Overall, AvaTrade is a great broker for forex trading with a wide variety of valuable features and trading platforms on offer. The broker’s trading systems are appropriate for advanced traders and AvaTrade is regarded as one of the best forex brokers for beginners.

The online brokerage is regulated by various authorities around the world and is therefore considered to be a very safe and suggested broker to consider for trading.

As indicated before in this AvaTrade review, the broker has an easy and swift process when it comes to opening a trading account. There are also a variety of different free deposit and withdrawal options to choose from.

In our opinion, AvaTrade is one of the best brokers out there today. The only drawback that we have picked up is the $50 USD inactivity fee that is charged for trading accounts that are not being used for a certain period.

For accounts with other base currencies, the inactivity fee will be 50 units of that particular base currency. It must also be noted that an ‘administration fee’ can be levied for accounts that have been dormant for more than 12 months.

In our opinion, here are some advantages of trading with AvaTrade:

• Low AvaTrade minimum deposit amount.
• Quick setup of your trading account.
• Low transaction fees.
• Wide range of trading instruments available.
• Wide range of trading platform options.
• High quality and responsive customer support.
• Great educational support for traders that are just starting out.
• Good trading tools available, such as Autochartist.
• Clients’ funds are kept in segregated accounts.

Brokersuggest.com considers AvaTrade as an advanced broker, offering its clients with a variety of tradable markets, as well as a CFD account. The broker is also perfect for traders that are new to the industry and professional traders.

Despite the fact that there is a limited amount of tradable assets on offer, CFDs will allow traders to quickly accumulate a highly leveraged trading account for earning large profits.

Overall, AvaTrade is a highly suggested online broker by Brokersuggest.com and is considered as one of the better online brokers.