AvaTrade is a well-established broker since 2006. AvaTrade has headquarters in Australia, Chile, China, France, Germany, Ireland, Italy, Japan, Mexico, Mongolia, Poland and South Africa. They are generally well-suited for AvaTrade to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 406668, Central Bank of Ireland C53877, Financial Futures Association (Japan) 1574, Financial Services Regulatory Authority (Abu Dhabi) 190018, FSA (Japan) 1662, FSC (BVI) 2013-07-30, FSCA (South Africa) 45984 and IS.

This multi-jurisdictional arrangement allows AvaTrade to differentiate its offerings depending on where the client is located. Getting regulated is not easy, so AvaTrade's success in being regulated by several jurisdictions proves its commitment to provide a safe trading experience for clients.

AvaTrade is also fully regulated by Abu Dhabi's Financial Services Regulatory Authority. As the first forex broker to receive a 3A license in Abu Dhabi, AvaTrade allows offering both retail and professional trading services in 55 different forex currency pairs and crosses, including some exotics, 17 commodity CFDs, 20 equity indices, 14 cryptocurrencies, and CFDs on 500 individual stocks and shares.

AvaTrade has also collaborated with Friedberg Direct, a Canadian broker, to allow Canadians to access AvaTrade’s range of products while maintaining their accounts within regulated Canadian companies.


Company Information

Website
www.avatrade.com

Established
2006

Country
Australia, Chile, China, France, Germany, Ireland, Italy, Japan, Mexico, Mongolia, Poland and South Africa

Regulation
ASIC 406668
Central Bank of Ireland, C53877
Financial Futures Association (Japan), 1574
Financial Services Regulatory Authority (Abu Dhabi), 190018
FSA (Japan), 1662
FSC (BVI), 2013-07-30
FSCA (South Africa), 45984
IS

Features

Bonus offers

Trading contests

Free education

Personal manager

PAMM accounts

Segregated accounts

Managed accounts

Islamic accounts available

Requires sending documents via postal mail

Account Information

Apart from the forex demo account, this broker offers Standard MT4 and AvaTrader. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by AvaTrade is up to 1:400. Meanwhile, you can open an account with a starting capital of $100

There are two types of accounts in AvaTrade:

  • Standard MT4: Traders are required to deposit an initial amount of $100 with minimum lot sizes from just 0.01. The platform features hedging, trailing stops, pending orders, one-click trading, mobile trading, and automated trading.  In addition, traders are also allowed to do scalping, but sadly expert advisors aren’t supported yet.
  • AvaTrader: AvaTrader’s minimum lot size is 0,01 while traders are required a minimum deposit of $100 and spreads are fixed. Using this platform also means you can explore pending orders, one-click trading, and mobile trading to enhance your trading experience.

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$100

pin

Maximum Leverage

1:400

pin

Spread

Variable and Fixed


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

AvaTrade's trading fees are straightforward and highly competitive. The company does not charge commissions, but they do take a "round trip" cost of opening and closing a trade. AvaTrade makes no claims about how its overnight financing/swap rates are derived but totally transparent regarding its overnight rates.

Choice of a trading instrument can affect the fees too. The average round trip fees and costs for CFD, such as commodities, individual stocks, and equity indices, are slightly better than the average. Individual stocks and shares are mostly subject to a spread worth 0.13% of the nominal trade value, which is also quite impressive.

However, AvaTrade introduced an inactivity fee of $50 per quarter. An account must have initiated no trading activity for a period of at least three months before this fee will be imposed.

Instruments Traded

Besides lots of currency pair, AvaTrade also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Stocks, Futures, Indexes, Agriculture, Metals, Energies, Bonds, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There is a broad selection of markets and asset classes for users to trade across with AvaTrade:

  • Forex: more than 55 currency pairs and crosses, including exotic currencies.
  • Commodities: 9 commodities.
  • Indices: 20 indices, almost all equity indices, offered mostly from several developed nations but also including China and a global Cannabis Index.
  • Stocks: 500 major individual stocks are offered from the U.S., the U.K., Germany, France, and Italy.
  • Options: 46 currency pairs and the major precious metal Gold.
  • ETFs: 5 major ETFs.
  • Bonds: 2 very major government bonds.
  • Cryptocurrencies: 14 major cryptocurrency pairs, including the top 5 cryptocurrencies by market capitalization.

As for Standard MT4 account, AvaTrade specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:200

Futures

Futures
1:200

Indexes

Indexes
1:200

Agriculture

Agriculture
1:33

Metals

Metals
1:50

Energies

Energies
1:50

Bonds

Bonds
1:100

Spread betting

Spread betting

Cryptocurrencies

Cryptocurrencies
1:20


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Pending orders

One-click trading

Mobile trading

Fees

AvaTrade's trading fees are straightforward and highly competitive. The company does not charge commissions, but they do take a "round trip" cost of opening and closing a trade. AvaTrade makes no claims about how its overnight financing/swap rates are derived but totally transparent regarding its overnight rates.

Choice of a trading instrument can affect the fees too. The average round trip fees and costs for CFD, such as commodities, individual stocks, and equity indices, are slightly better than the average. Individual stocks and shares are mostly subject to a spread worth 0.13% of the nominal trade value, which is also quite impressive.

However, AvaTrade introduced an inactivity fee of $50 per quarter. An account must have initiated no trading activity for a period of at least three months before this fee will be imposed.

Instruments Traded

Besides lots of currency pair, AvaTrade also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There is a broad selection of markets and asset classes for users to trade across with AvaTrade:

  • Forex: more than 55 currency pairs and crosses, including exotic currencies.
  • Commodities: 9 commodities.
  • Indices: 20 indices, almost all equity indices, offered mostly from several developed nations but also including China and a global Cannabis Index.
  • Stocks: 500 major individual stocks are offered from the U.S., the U.K., Germany, France, and Italy.
  • Options: 46 currency pairs and the major precious metal Gold.
  • ETFs: 5 major ETFs.
  • Bonds: 2 very major government bonds.
  • Cryptocurrencies: 14 major cryptocurrency pairs, including the top 5 cryptocurrencies by market capitalization.

As for AvaTrader account, AvaTrade specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Payment Methods

AvaTrade requires a minimum deposit of at least $100 and offers a good range of deposit methods, including Neteller, Skrill, and MoneyBookers. Major credit cards are also accepted, and bank transfers can also be used.

AvaTrade does not charge fees for making deposits or withdrawals. However, withdrawals must be made through the same channels that deposits are made through, which is a common practice applied by almost all retail forex or CFD brokerages.

The Dublin-based broker also boasts a range of payment method list:

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

AvaTrade also provides payment with Credit/debit cards and UnionPay




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, AvaTrade offers you MetaTrader 4 (Limited with 21 days), MetaTrader 5 (Limited with 21 days of inactivity), AvaOption (Limited with 21 days of inactivity) and AvaTradeGO (Limited with 21 days of inactivity).

The following platforms offered by AvaTrade are:

  • MetaTrader 4: MetaTrader 4 is available on all operating systems, tablets, mobile, app-based, or web-based. Many users feel the apps tend to run with fewer glitches on a PC or laptop compared to the web version.

metatrader 4

 

  • MetaTrader 5: Anyone familiar with the MetaTrader 4 trading platform will instantly be at home with MetaTrader 5 has the same look and feel as MetaTrader 4. It is more powerful and faster than MetaTrader 4, especially when it comes to backtesting functionality. MetaTrader 5 uses a programming language called MQL5. It offers a wider range of pending order types and includes Depth of Market (DOM) data.

metatrader 5

 

  • AvaOptions: AvaOptions is predominantly a trading options platform offered on forex currency pairs and gold. AvaOptions simplifies the process of trading options, representing trade risks and payoffs graphically to give options traders a better understanding. The software presents implied volatility curves for all markets, as well as showing both current and historical implied volatility, as well as realized volatility.

    Traders may use the platform's screen to trade, including the setting of entry and closing limits. The platform includes 13 default options trading strategies, making trade structuring easy and doable at the touch of a button. Finally, the platform includes a nice range of advanced risk management metrics.

avaoption

 

  • AvatradeGO: AvaTradeGO is more of a portal that manages your MetaTrader 4 trading platform from a mobile device or tablet. The portal gives you step-by-step guidance on what you are doing from moment to moment and analyzes the entirety of what is happening in your account(s), giving a valuable and easy-to-use dashboard view. In AvaTradeGO you can also find "Market Trends", AvaTrade’s social copy trading application.

avatrade go

 

Unique Features

One of the biggest perks available of AvaTrade is its strong regulatory regime in two major industry centers which enjoy high levels of regulatory protection (the Republic of Ireland and Australia). Under Irish regulations, depositors may be protected by deposit insurance in case of a regulated deposit-taking institutions' insolvency or another resulting inability to access deposited funds. The protection can be up to the high amount of €20,000 per depositor.

The broker also features an advanced platform, AvaOptions, as one of the very few retail forex/CFD brokerages which enables its clients to trade forex options.

AvaOptions is a platform allowing you to access trading in vanilla forex options, plus options in the precious metal Gold. You may trade any combination of call and put options, allowing the construction of relatively sophisticated options trading strategies such as strangles, straddles, and spreads. Expirations are offered between 1 day and 1 year from the present. forex options have gotten a bad name in recent years due to the market in “binary options”, but what AvaTrade offers here is light-years away from that.

Designed to provide an enhanced trading experience, AvaTrade introduced AvaProtect, a service that protects traders from sudden negative movements during a defined trade period on January 30, 2020. However, the company does introduce an additional fee for this service, though the AvaTrade website does not stipulate clearly what the fee is.

 

Research and Education

AvaTrade offers a plethora of educational resources, such as "Trading for Beginners" and "Sharp Trader".

  • Trading for Beginners is a sub-section containing several precise articles which explain the basic concepts and procedures of trading forex and CFDs.
  • The company also created its own trading academy known as Sharp Trader, an exclusive, restricted, registration-only academy for members. Sharp Trader publishes videos covering a wide range of trading topics.

A comprehensive selection of educational free eBooks, over 50 video tutorials, and glossaries of the important economic data releases and order types are also available within AvaTrade’s education section.

 

Bonuses and Promotions

Bonuses and promotions are not available as AvaTrade must comply with E.U. law, which means the offering of new bonuses and promotions have been completely prohibited.

In other regions, new account users receive a welcome bonus of 20% at the time of writing, which appears to be uncapped, which is unusually good. Please note that such bonuses and promotions are nearly always subject to several terms and conditions which mean you must trade very large quantities before you will be able to withdraw any of the awarded amounts in cash.

Customer Support

Do you have any question or find any trouble related to AvaTrade? If you do, you should reach AvaTrade's support to get the information that you need. Here is the detail of the broker's customer support:

AvaTrade offers multilingual support in over 15 languages, provided by native speakers. The customer support team can help during trading hours or on regular weekdays. Basically, if the forex market is open, AvaTrade’s support is also open.

AvaTrade appears to be committed to offering an accessible customer experience, so clients can contact representatives at different departments in several international locations via email or telephone. Live chat is also available.

Website Languages

Arabic
Chinese
English
French
German
Hungarian
Italian
Japanese
Korean
Polish
Portuguese
Russian
Spanish
Swedish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor (EA), Avatrade also completes their service with One-cancels-the-other order (OCO) and AutoTrading in many variants of automated trading systems.

AvaTrade was founded in 2006, with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.

In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area.

Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.

The Autochartist free signal is provided in Gold Account, Platinum Account, and AVA Select. By opening an account in AvaTrade, traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives.

Traders can access AvaTrade in many variants of platforms, such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading, and AvaOptions.

In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984).

Can traders lose more than their deposit abruptly in the event of high volatility? AvaTrade explicitly answers no, as traders have negative balance protection.

With a minimum deposit of USD100, AvaTrade offers various leverage depending on the trading instruments; whether it is forex (starts from 30:1), indices (starts from 20:1), commodities (starts from 5:1), ETFs (starts from 5:1), or cryptocurrencies (starts from 2:1).

AvaTrade has committed to a set of values in relation to customers. Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform.

New traders can also learn forex trading in the Education tab on AvaTrade's official website . Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.

There are many types of account types provided by AvaTrade. There is also an Islamic Trading Account, which is uniquely provided for Muslim Traders. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests (swap-free), which sits well with the finance principles of Sharia Law.

If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice . The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.




FAQ About AvaTrade


Is AvaTrade a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if AvaTrade is a good broker for you or not by reviewing the criteria. In general, AvaTrade provides trading service in Forex , Gold & silver , Oil , Stocks , Futures , Indexes , Agriculture , Metals , Energies , Bonds , Spread betting , Cryptocurrencies and CFD . As for the payment methods, you can choose between Credit/debit cards, Neteller, Skrill, UnionPay, WebMoney and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Web form.


What is the minimum deposit for AvaTrade?

The starting capital in AvaTrade is $100.


Is AvaTrade regulated?

AvaTrade is regulated by ASIC 406668, Central Bank of Ireland C53877, Financial Futures Association (Japan) 1574, Financial Services Regulatory Authority (Abu Dhabi) 190018, FSA (Japan) 1662, FSC (BVI) 2013-07-30, FSCA (South Africa) 45984 and IS. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is AvaTrade legit?

AvaTrade is a brokerage company offering trading services for clients since 2006 with offices in Australia, Chile, China, France, Germany, Ireland, Italy, Japan, Mexico, Mongolia, Poland and South Africa.


Give Your Review and Rate This Broker


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1 Review

Addams Bryen
This review is not supported by evidence

Jul 24 2020

I have had trading experience at Avatrade. It was quite smooth, but not long after that I switched to another broker because I was interested in the conditions and bonuses hehehe .. But clearly during Avatrade there were no negative impressions that I got