AvaTrade Review 2022

Safety & Regulation

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 ensure the best service to its clients, AvaTrade also has registered licenses with the Australian Securities and Investment Commission (ASIC), Financial Advisory 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.

Is AvaTrade legit?

Yes, AvaTrade is a fully legit and regulated broker in each jurisdiction, as holds necessary licenses and regulatory obligations apart from its main establishment standards regulated by Ireland. This information you may check from the official AvaTrade website, as well as through the authority website. Also, you may find the links of the licenses provided in AvaTrade Review and definitely should always verify their true state.

AvaTrade Licenses

• AvaTrade EU Ltd – authorized by Central Bank of Ireland registration no. C53877
• Ava Capital Markets Australia Pty Ltd – authorized by ASIC (Australia) registration no.  406684; regulated by the South African Financial Sector Conduct Authority FSCA No.45984
• AvaTrade Japan K.K. – authorized by FSA (Japan) registration no. 1662 and the FFAJ no. 1574
• Ava Trade Middle East Ltd – authorized by FRSA (Abu Dhabi Global Markets (ADGM)) registration No.190018
• AVATrade Ltd – authorized by B.V.I Financial Services Commission

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 permit 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 are also 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 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 negative balance protection and lives in the European Union.

Fees

Any trading interaction between a trader and the AvaTrade trading platforms is expected to generate charges or fees. However, AvaTrade is considered a broker with low trading fees. What traders need to consider, as with any other broker, is the 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.

Trading Fees

With AvaTrade, traders enjoy very low trading fees. You do not have to worry about being bombarded with floating spreads or hidden commissions when 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.

Deposit And Withdrawal Fees

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 to 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.

Leverage

The trading leverage is a form of borrowed capital 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.

AvaTrade, as a safe and secure brokerage entity that has to comply with various regulatory requirements, does not offer excessive leverage to its clients. Any European traders, or any registered client, must abide by the ESMA regulations that set a limit to the maximum leverage allowed, based on knowledge and experience. Therefore, European clients are allowed a maximum leverage level of 1:30, while international traders can use the maximum leverage level of 1:400.

Account Opening

Avatrade offers a fast and seamless experience when it comes to registration and opening a trading account.

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.

Professional Account

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.

Islamic Account

As a leading broker that wants to satisfy its trader’s wants and needs, Avatrade offers the option of an Islamic Account, or a swap free account. This is an essential account to provide, since it allows traders who follow the Shariah law, the option to trade with this broker.

The Islamic Account does not include 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.

Standard Account

The most common AvaTrade account used by 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).

Corporate Account

The final trading account that is available is the Corporate Account, which targets corporate entities and institutional 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

The final trading account that is available is the Corporate Account, which targets corporate entities and institutional 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.

How To Open An AvaTrade Trading Account

Deposit & Withdrawal

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.

Avatrade Deposit Options

• Electronic Wallets
• Bank Transfer
• Credit and Debit Card

Withdrawals

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.

Avatrade Withdrawal Options

• Electronic Wallets
• Bank Transfer
• Credit and Debit Card

Trading Platforms

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 trading 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 the desktop trading platforms and as a mobile application.

• MetaTrader 4
• MetaTrader 5
• AvaOptions
• WebTrader

Web Trading Platform

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 log in 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 on the desktop trading platform.

Overall, the web trading platform is very simple and helpful for both novice and experienced traders. The trading platform provides 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

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

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.

On 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 Automated Trading With DupliTrade

DupliTrade is a new and interesting way to copy trade and utilize automated trading without installing an extension, but you will need to make a minimum deposit of 2,000USD to gain access to DupliTrade.

DupliTrade is an automated trading platform that allows you to automatically copy trading strategies from other traders and place it in your own AvaTrade account. This will help you expand in your trading knowledge and add profit to your portfolio.

With DupliTrade, you will have access to trading solutions of strategy providers and be able to utilize a range of money management tools, to be able to control their preferred risk level.

Traders have the option to determine their trading parameters by monitoring trades and positions, and analyzing profit and losses, and you can do this all in real-time.

With DupliTrade automated trading, you have the option of email notifications to alert you of any trading activity, so you are always updated on any new interaction taking place. DupliTrade highlights that the accounts of the strategy providers are real accounts that belong to traders with real experience, trading real money in real-time.

To register for a DupliTrade, it only takes four easy steps to make it happen.

DupliTrade is beneficial for new traders because it demonstrates how to trade without taking a risk on your own. Experienced traders, or strategy providers, will help you manage your funds and investments in an almost-professional manner without you having to go to any trouble!

You can also save time by selecting from a range of trading strategies, according to the trading characteristics you prefer. With DupliTrade automated trading, you do not have to watch the financial markets and monitor their every move; DupliTrade will do that for you. Automated trading can monitor several markets simultaneously, and it helps you with tracking trading activity.

To register for a DupliTrade, only takes four easy steps to make it happen. You just need to register with DupliTrade, link your AvaTrade account with your DupliTrade account, set up your trading system so you can turn on auto execution, and finally track your trading account via DupliTrade and you’re ready to copy trade!

Markets & Financial Instruments

AvaTrade exceeds expectations by offering traders a wide cluster of financial trading instruments

Investors are allowed to trade:

• Cryptocurrency: Traders can trade 9 distinctive digital currencies with up to 20:1 leverage. These now incorporate Ethereum, Bitcoin, Ripple, and Bitcoin Cash. This isn’t accessible in Canada.
• Indices, Stocks, Bonds, ETFs, and Commodities: AvaTrade Traders appreciate the most noteworthy leverage alongside very competitive and low spreads for trading these financial assets.
• Forex: Over 50 currency pairs accessible this includes all majors, minors, and numerous exotics accessible 24 hours every day and 7 days per week. There are competitive spreads as low as 0.8 pips and leverage up to 400:1.
• Options: Avatrade made trading choices available for traders of any experience levels. The new options trading platform will decrease the complex nature of vanilla options and opens up a scope of opportunities for those inquisitive about using the product.

Markets Research & Trading Tools

AvaTrade offers a variety of tools, including an economic calendar and research tools through their 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.

Customer Service

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.

Client Education

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 to 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

Client Education Resources

• Platform tutorial videos
• Educational articles
• Webinars
• Trading Glossary
• Demo Account

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 is 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.