Founded in :  2006

Headquarters : Dublin

Regulation : Bank of Ireland, ASIC, FSP, and FSA

 

 

 

 

Platforms : AvaTradeGo, MT4, DupliTrade, ZuluTrade

Leverage : 1:30/1:400

Minimum Deposit : USD250$

 

 

 

Summary of AvaTrade

AvaTrade is a leading brokerage firm with a globally acclaimed reputation with more than 200,000 clients all over the world. It is considered well-regulated in five continents with quality trading solutions; they disregard user knowledge or experience, by giving traders the possibility to enter the market through different platforms and features. AvaTrade is a multi-national brokerage company, which is headquartered in Dublin, Ireland. There are other regional offices in Paris, Milan, Madrid, Tokyo, Beijing, and Sydney.

It was established in 2006 and slowly grew, while global traders have traded more than two million trades a month, through 250 trading instruments. It comes as no surprise that AvaTrade has earned various industry awards in the past ten years of success; they also have widespread support programs that were launched by the brokerage firm. Regardless of the brokerage company itself, AvaTrade has been constantly rewarded for its financial services and the leading trading technology.

This broker review is an in-depth look into AvaTrade and its feature that are offered to their traders.

ProsCons
Regulated by the Australian Securities and Investments Commission(ASIC), the Financial Sector Conduct Authority (FSCA), and Financial Services Agency (FSA)Limited range of trading assets
Provides negative balance protectionInactivity fee required
No deposit feeSlow withdrawal process
No withdrawal fee
Easy to open an account
Different options for account types
No customer support available 24\7

What It Offers

What AvaTrade Offers
56 Currency Pairs
20 Stock Index CFDs
630 Stock CFDs
5 ETF CFDs
17 Commodity CFDs
2 Bond CFDs
17 Cryptocurrencies

Accounts

There are three different account types that you can use: the Standard Account, the Professional Account, and the Corporate Account. You will also find that there is the option for an Islamic Account, which is also known as Swap-Free Account. All accounts are easy to open and fully digital, but you have to deposit a minimum amount of 100USD.  

ProsCons
Variety of trading accountsMinimum deposit amount of 100USD required
Islamic account available
Free demo account for trading accounts
Easy to open
Fully digital process

In order to be a Professional Account holder, you will have the meet the required criteria of AvaTrade. Firstly, your trading asset portfolio must reach over 500,oooEUR, which includes savings and shares. Secondly, you have to strong experience in the financial services industry, at least one year of experience. Thirdly and finally, you will have maintained a constant trading activity for the past 12 months.

Professional Account

ProsCons
Access to leverage of 1:400Must meet required criteria
Access to PAMM\MAMM management featuresNo risk warnings offered
Trades in large quantities without risk warningsLarge financial portfolio
Compatible EAs provided
All order types from MT4 are available

Among the account types of AvaTrade, Islamic Accounts are an essential account to provide, since it allows traders who follow Shariah law the option to trade with the broker. The Islamic Account does not provide rollovers, and cryptocurrency trading is not available. However, it is an easy process that can be approved in 2 business days via the customer service department of AvaTrade.

Islamic Account

ProsCons
Opportunity for traders following Shariah lawNo rollovers
Fast approval processNo cryptocurrency trading
Available for all trading accounts

The most common AvaTrade account used for individuals is the Standard Account, which is available for international traders who are not located in the European Union. The Standard Account allows international traders to use a maximum leverage level of 1:400, and it provides the option of cryptocurrency trading. You will also be allowed the option of hedging, scalping, and automated trading through Expert Advisors (EAs).

Standard Account

ProsCons
Maximum leverage level of 1:400Only available for international clients
EAs availableMinimum deposit amount of 100USD – 500USD required
Scalping and Hedging available
Cryptocurrency trading is possible
Negative balance protection provided

The final trading account that is available is the Corporate Account, which targets corporate entities and businesses. You will have the same benefits as those of the Standard Account, but with the option that it is under your business name instead of as an individual. You are allowed the option of scalping, hedging, and Expert Advisors (EAs) are available for you.

Corporate Account

ProsCons
Maximum leverage level of 1:400Only available for international clients
EAs availableMinimum deposit amount of 100USD – 500USD required
Scalping and Hedging available
Cryptocurrency trading is possible
Negative balance protection provided

How to Open an AvaTrade Trading Account:

Step One: Fill in the online application with your personal information, or sign up via social media 

AvaTrade STEP 1

Step One: Fill in the online application with your personal information, or sign up via social media

Step Two: Fill in your current address, date of birth, your preferred trading platform, your selected base currency, and create a password for your account. 

Step Two: Fill in your current address, date of birth, your preferred trading platform, your selected base currency, and create a password for your account.

AvaTrade STEP 2

Step Two: Fill in your current address, date of birth, your preferred trading platform, your selected base currency, and create a password for your account.

AvaTrade STEP 2 ^

Step Three: Finish your profile with your occupation, annual income, total net worth, and declaring that you accept AvaTrade’s terms and conditions

AvaTrade STEP 3

Step Three: Finish your profile with your occupation, annual income, total net worth, and declaring that you accept AvaTrade’s terms and conditions.

Deposits And Withdrawals

With AvaTrade, you will find that they do not require a deposit fee, which means you will not be charged every time you make a deposit. There are different ways to deposit funds into your trading account, from bank transfers to electronic wallets. However, there is a minimum deposit amount that is required of 100USD or its equivalence in other currencies.

Deposits

ProsCons
Various methods of depositHigh minimum deposit amount of 100USD
No deposit feeLimited range of base currency 
Fast deposit process
Deposit Options
Neteller
Skrill
WebMoney
POLi for Australians
Bank Transfer
Credit and Debit Card

With AvaTrade, you will not have to pay a withdrawal fee either. You can withdraw funds from your accounts in the same methods of deposits, but the account has to be corresponding to your account information. There is a low threshold for withdrawing of 100USD, but the withdrawal process can be slow.

Withdrawals

ProsCons
No withdrawal feeSlow withdrawal process 
Various withdrawal options
Low minimum withdrawal amount
Withdrawal Options
Neteller
Skrill
WebMoney
POLi for Australians
Bank Transfer
Credit and Debit Card

How To Trade with AvaTrade

Trading Platforms

  • MetaTrader 4
  • MetaTrader 5
  • AvaOptions
  • WebTrader
How to Trade with AvaTrade

AvaTrade review and offer many different trading platforms, due to the fact that the company wants to give each client a trading platform; each client will use a trading platform that will be tailored to their preferences and needs.

How to Trade with AvaTrade

AvaTrade review and offer many different trading platforms, due to the fact that the company wants to give each client a trading platform; each client will use a trading platform that will be tailored to their preferences and needs.

How to Trade with AvaTrade

AvaTrade review and offer many different trading platforms, due to the fact that the company wants to give each client a trading platform; each client will use a trading platform that will be tailored to their preferences and needs.

 

Tools

AvaTrade offers an economic calendar, research tools through the SharpTrader website. With SharpTrader as an AvaTrade trading tool, traders are able to find both daily and weekly fundamental and technical analysis articles; they are published daily by a team of analysts and with integrated instruments from external sources. There is a daily YouTube video that consists of the main aspects of their research materials.

AvaTrade Tools
AvaProtect
Economic Calendar
Trading Calculator
Earning Releases
Fundamental and Technical Analyses
Upcoming CFDs Rollover
Social Trading
ProsCons
Interactive social trading communityNone
Allows you to view annual earnings of assets
Economic calendar up-to-date
Accurate forecasts of CFDs Rollover

The AvaTrade trading tools are one of the main features of AvaTrade that makes it different to other brokers. This trading services provider is concerned with ensuring traders are able to make a sound and definite trading decision, without facing financial loss; that is why the trading tools are so essential. There are more than ten different tools you can use to help you while trading, but the most common trading tool being used is the Social Trading Platform. You can find the social trading platform on ZuluTrade and DupliTrade, where you can interact with other traders. The social trading platform is available for you to bounce trading ideas and even copy other traders’ trading strategies to apply as your own.

The social trading platform is a good trading tool and an essential educational tool to give you a better understanding of the thought process behind making a trade decision, if you’re a novice trader. As for experienced trader, it is a good way for you to interact with other traders that share your level of experience.

Resources

AvaTrade provides training courses and other educational resources through the SharpTrader website. These tutorials are well-organized and categorized into three types of tutorials. These three types of tutorials consist of: beginner, intermediate, and advanced topics, which offers logical paths to skill building. There are a bunch of general articles that covered all sorts of topics on the financial market, as well as lessons on trading platforms. Educational materials were divided into five sub-topics, which makes clients able to find what they need efficiently and effectively. There is a menu for the educational materials to make it easier for clients

ProsCons
AutoChartist integrated in softwareNo trading ideas available
User-friendly resourcesNo fundamental data available
Visual aid available
Available for traders of all levels of experience

AvaTrade provides research tools across various channels. They offer copy trading platforms, but the main tool of information is AutoChartist. AutoChartist provides a trendy set of instruments that recognize patters for fundamental and technical analysis. There are many brokerage firms provide these services to all individuals who have accounts; with AvaTrade, AutoChartist is only available only for individuals who have live accounts that deposit at USD500.

AutoChartist has daily updates that define short-term technical indications while a fundamental analysis section offers daily reports.

Customer Support

AvaTrade provides very helpful customer service methods that have a fast response and relevant answers to your questions. You can reach them via phone, live chat, or email. However, they are not available 247 and the phone support can be a slow process.

ProsCons
Different types of customer serviceNot available 24\7
Fast responsePhone support is not easily reached
Accurate and relevant answers
Available in multiple languages

Means Of Communication

  • Live chat
  • Phone support
  • Email support

Customer Reviews

Many traders of AvaTrade have praised the customer support of AvaTrade, giving them a better trading experience. Most traders who took part in reviewing AvaTrade were impressed with the accommodation and attentiveness of the customer support, along with their fast response.

Safety and Regulations

As a globally acclaimed brokerage firm and trading application, AvaTrade follows strict regulations of the Client Asset Regulations, along with the registration of licenses from the Bank of Ireland. To avoid risk warning, AvaTrade also has registered licenses from the Australian Securities and Investment Commission (ASIC), Financial Advisors and Intermediary Services (FAIS) license from the Financial Sector Conduct Authority (FSCA), and Financial Services Agency (FSA); these licenses are from Australia, South Africa, and Japan. The laws and safety regulations allow the firm to be reliable with their traders to trust them, allowing them to be considered as a safe firm to trade with.

These regulations and safety procedures permits AvaTrade to protect clients; they are protected with the concept of segregated accounts, where the trader’s funds are isolated from the funds of the firm with other international entities. There is also the Compensation Schemes where if the brokerage firm goes bankrupt, then the company will acquit and compensate for the issue. Alongside the Compensation Schemes, there is also a negative balance protection that also protects the clients from any negative imbalance.

For the negative balance protection, it is only available for clients who are located in the European Union. AvaTrade provides 20,000EUR for any trader who requires the negative balance protection and lives in the European Union.

ProsCons
Regulated by the Australian Securities and Investments Commission(ASIC), the Financial Sector Conduct Authority (FSCA), and Financial Services Agency (FSA)Financial information is not publicly accessible
Stores client funds in segregated accounts
Provides Compensation Schemes
Provides negative balance protection
Regulated by top-tier financial regulators to avoid any risk warning

Learn AvaTrade

With AvaTrade, you have the option of using a Demo trading account, which is also known as the risk-free account. Demo accounts are created for traders to implement and stimulate strategies, without having any exposure for financial risk. The Demo Account is available for all trading accounts, and it is the best way to learn how to trade with international capital and assets, including: currency pairs and ETF CFDs.

How To Open a Demo Account

Step One: Fill in your personal information on the online application 

Demo Account AvaTrade STEP1

Step One: Fill in your personal information on the online application

Step Two: Use your login credentials to sign in to your account and your AvaTradeGO account

Demo Account AvaTrade STEP2

Step Two: Use your login credentials to sign in to your account and your AvaTradeGO account

Trading Platforms

AvaTrade review and offer many different trading platforms, due to the fact that the company wants to give each client a trading platform; each client will use a trading platform that will be tailored to their preferences and needs. This is further proven by the feature that AvaTrade and its trading platforms allow the option for traders to manually trade or apply the automatic option, through various financial tools.

There are a fair few trading platforms that belong to AvaTrade, all of which are available as PC versions and as mobile applications. The trading platforms are: AvaTradeGO, MT4, DupliTrade, ZuluTrade, and multiple others. AvaTradeGO is an application that consists of a wide variety of tools, and a quality user-friendly feature that aids clients to trade. The application allows step-by-step guidance for trade openings, activity feedback and technical support. The trading platform also permits the management of various MT4 trading accounts, or the option to switch between features and accounts.

As for MT4, it is an option to use with AvaTrade; it is a trading platform that is very common and useful for both novice and expert traders. This trading platform allows flexibility in trading with the ability to do so through auto-trading. Traders can also switch to different types of spreads, from low spreads that are directly from the marker or to fixed spreads. There is also the AvaOption platform that is developed by AvaTrade, with the specific purpose to provide quality visual trading, and it is available for desktop trading platform and as a mobile application.

Web Trading Platform

ProsCons
Different languages availableNo alerts and notifications
CustomizableNo two-step login process
Fee reports are available and thorough

With the AvaTrade web trading platform, you will find the basic order types available. You will be able to choose order types of: Market, Limit, and Stop. There are two other basic order types that are provided in the AvaTrade web trading platform, which are the Good Till Time (GTT), and the Good Till Cancelled (GTC) order types.

In regards to security, unfortunately, you will not find the two-step login process available. You can only login through the initial first-step login process. The two-step login process is an additional step, to verify the login credentials, but that is not available with most brokers.

The option of setting alerts and notifications is also unavailable with AvaTrade’s web trading platform; it is only available in the desktop trading platform.

Overall, the web trading platform is very simple and helpful for both novice and experienced traders. The trading platform provides with real-time portfolio and fee reports, which allows you to track your trading performance and history. You will also be able to customize your platform and whatever you prefer.

Desktop Trading Platform

ProsCons
Many languages availableNo two-step login process
Access to your portfolio and trading historyOutdated design
Customizable
Set up alerts and notifications

The desktop trading platform and the web trading platform are both very identical, with only one main difference. The main difference is that with the desktop trading platform, you will be able to set up alerts and notifications, which is unavailable in the web trading platform.

With the AvaTrade desktop trading platform, you will find the basic order types available. You will be able to choose order types of: Market, Limit, and Stop. There are two other basic order types that are provided in the AvaTrade desktop trading platform, which are the Good Till Time (GTT), and the Good Till Cancelled (GTC) order types.

In regards to security, unfortunately, you will not find the two-step login process available. You can only login through the initial first-step login process. The two-step login process is an additional step, to verify the login credentials, but that is not available with the desktop trading platform.

Overall, the desktop trading platform satisfies all your basic trading needs. You will be able to view your fee reports and any fees you have paid in the past six months, and customize the platform to your preference. You will also be able to set price alerts and notifications as an extension to your PC device.

Mobile Trading Platform

ProsCons
User-friendly structureNo two-step login process
Price alerts and notificationsOnly language available is English
Fingerprint recognition

The AvaTrade mobile application is a handy tool for traders-on-the-go, and you will be able to trade anytime and anywhere. With AvaTrade, there are two mobile applications: AvaTradeGO and AvaTrade Options. AvaTradeGO is the in-house mobile application trading platform and AvaTrade Options is the in-house mobile application for trading with FX options. You will be able to find educational materials, customer support, and basic order types within the applications. However, you will only find the application available in English.

With the AvaTrade mobile trading platforms, you will find the basic order types available. You will be able to choose order types of: Market, Limit, and Stop. There are two other basic order types that are provided in the AvaTrade mobile applications, which are the Good Till Time (GTT), and the Good Till Cancelled (GTC) order types.

In regards to security, there is no option for two-step login, only the initial login process. You will also not be able to use facial recognition as a login option. However, you can use the fingerprint recognition feature as a login option, instead of the initial user-password login.

As for alerts and notifications, you can set up price alerts that will notify you when your price reaches its target. This is normally in the form of a push notification that is located in your mobile settings on the application.

AvaTrade Leverage

Trading leverage is a known trading instrument, for new and expert traders alike. This increases the initial capital that the trader is trading with and can be considered a very powerful tool to amplify potential gains. However, high leverage can also mean great financial risk for the exposure of the client’s funds. With AvaTrade, as a safe and secure brokerage entity has to comply with different trading conditions or regulations that they must abide by. This shows that European traders, or any registered client, must abide by the ESMA regulations that have limited the maximum leverage level. The ESMA regulations have a maximum leverage level of 1:30, while international traders can use the maximum leverage level of 1:400.

ProsCons
Limited maximum leverage level to avoid financial riskInternational traders can use the maximum leverage level of 1:400
Abiding by the ESMA regulationsInternational traders could face major financial loss without regulations on leverage applied
Limits major financial loss

AvaTrade Fees

Any trading interaction that is established by AvaTrade trading platforms are expected to pay any charges or fees. There is also an overnight fee; an overnight fee is a fee that is paid by the trader in the case there is a trading position that is opened for longer than a day. In this particular case, the trader should realize that there is a small percentage that will be added to the trading transaction.

ProsCons
No withdrawal and deposit feesInactivity fee required
Low minimum withdrawal amountAdministration fees required
Average minimum deposit amount
Low trading fees

With AvaTrade, they have very low trading fees. You will not have to worry about being bombarded with trading fees while trading. There is an inactivity fee that is activated after being inactive on your trading account for 90 days, where you will be charged 50USD per quarter. However, their trading fees are very low, which is not found with most brokers.

AvaTrade does not charge any deposit fees, which means that you do not have to pay any additional fees when depositing funds into your trading account. The same applies for withdrawal fees, you will not have to pay any additional fees when withdrawing funds from your trading account. You will be required to pay an initial minimum deposit of 100USD, and a minimum withdrawal of 100USD.

Deposit Fees and Withdrawal Fees     
Deposit Fee0USD
Withdrawal Fee0USD
Minimum Withdrawal100USD
Minimum Deposit100USD

XTB Fees vs. Competitors Fees

AvaTradeXTBPlus500XM
Account FeeYESNONONO
Inactivity FeeYESNOYESYES
Deposit Fee0$0$0$0$
Withdrawal Fee0$0$0$0$

 

Conclusion

AvaTrade is an international broker, which is headquartered in Dublin, Ireland. There are other offices in Paris, Milan, Madrid, Tokyo, Beijing, and Sydney. It was founded in 2006 and slowly cultivated, while worldwide clients have dealt more than two million trades a month, through 250 trading mechanisms. As a globally acclaimed broker, it pursues stern security policies of the Client Asset Regulations, along with the registration of authorization from the Bank of Ireland. There are also other registered licenses such as the ASIC, FSP, and FSA; these licenses are from Australia, South Africa, and Japan.

With AvaTrade, there is no choice when it comes to the type of trading account; there is only one trading account. The brokerage firm also offers a Demo trading account, which is also known as the risk-free account. There are a fair few trading platforms that belong to AvaTrade, all of which are available as PC versions and as mobile applications. The trading platforms are: AvaTradeGo, MT4, DupliTrade, ZuluTrade, and multiple others. AvaTradeGO is an application that consists of a wide variety of tools, and a quality user-friendly feature that aids clients to trade.

Any trading interaction that is established by AvaTrade trading platforms are expected to pay any charges or fees. There is also an overnight fee, which is a fee that is paid by the trader in the case there is a trading position that is opened for longer than a day. The ESMA regulations have a maximum leverage level of 1:30, while international traders can use the maximum leverage level of 1:400.

FAQ
Is AvaTrade Legit?

AvaTrade is a legitimate trading services provider, since it is regulated by three top-tier financial regulators from three different regions. AvaTrade is regulated by: the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and Financial Services Agency (FSA) in Japan.

How Long Do AvaTrade Withdrawals Take?

Withdrawals with AvaTrade take up to three business days, on average.

What Is AvaTrade Leverage?

The maximum leverage level for traders in the European Union is 1:30, as per ESMA regulations. For international traders, they have a maximum leverage level of 1:400.

How Do I Withdraw From AvaTrade?

Withdrawing funds from your AvaTrade account, and depositing funds into your account, have the same available payment methods. These methods are: Neteller, Skrill, WebMoney, POLi for Australians, Bank Transfer, or Credit and Debit Card.

What Is The Minimum Deposit For AvaTrade?

The minimum deposit amount for AvaTrade is 100USD; the minimum withdrawal deposit amount for AvaTrade is also 100USD.

Does AvaTrade Have Nasdaq?

Yes, AvaTrade has Nasdaq as a trading asset for traders.

How Do I Deposit Money In AvaTrade?

Withdrawing funds from your AvaTrade account, and depositing funds into your account, have the same available payment methods. These methods are: Neteller, Skrill, WebMoney, POLi for Australians, Bank Transfer, or Credit and Debit Card.

Is AvaTrade FCA Regulated?

AvaTrade is not FCA regulated; it is regulated by the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and Financial Services Agency (FSA) in Japan. However, since there are AvaTrade clients in Europe, they abide by the financial jurisdiction of ESMA.

Is AvaTrade Safe?

AvaTrade is a legitimate trading services provider, since it is regulated by three top-tier financial regulators from three different regions. AvaTrade is regulated by: the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and Financial Services Agency (FSA) in Japan. They are required to keep client funds in segregated accounts away from corporate funds. AvaTrade also provides negative balance protection for traders in the European Union, and the Compensation Scheme is provided in case the broker reaches a point of bankruptcy.

Summary
Review Date
Reviewed Item
Avatrade
Author Rating
51star1star1star1star1star
Software Name
Avatrade
Software Name
Metatrader
Software Category
Forex Trading