AvaTrade Review

Trust Score
4.2

Min Deposit

$100


Leverage

400:1


Deposit Bonus

Deposit Bonus

Regulation

  • ASIC

  • FSB

  • FFAJ

  • CBI

  • JFSA

  • FSC

Platform

  • AvaTradeAct

  • ZuluTrade

  • DupliTrade

  • MT4

AvaTrade has been in the market since 2006. They hold their headquarters in Ireland, with offices around the world.Their locations include branches in Asia, Africa, South America, Australia, and several in Europe. They are regulated across the board by the Central Bank of Ireland (C53877), B.V.I Financial Services Commission, ASIC (406684), South African Services Board (45984), FSA (1662), and FFAJ (1574).

With AvaTrade, you can trade with MT4 or try out their own platform AvaOptions and their mobile version AvaGo. Their minimum deposit is $100, and their maximum leverage is set at 400:1. For all of those crypto traders, AvaTrade will allow you to trade the popular cryptocurrencies with a 20:1 leverage.

AvaTrade offers support in 14 different languages, and has received numerous awards such as Most Reliable Broker, and a Bitcoin award.

Introduction

AvaTrade started off in Ireland as AvaFX in 2006, when it rebranded to AvaTrade in order to shift to multi-asset trading as soon as it begun to offer more products than just Forex, which now include CFDs, Stocks and others explained further along the Review.

Since 2006, AvaTrade has managed to grow and hold multiple offices in more than 11 countries, whilst simultaneously being regulated by the Central Bank of Ireland, FSA in Japan, FSB in South Africa, ASIC in Australia, and the FSC in the B.V.I.

AvaTrade has won numerous awards which can be seen at the Brokers About Page, during the period 2009 - 2016, confirming the high quality of services offered to their clients. 

The Broker has a minimum deposit requirement of $100 which is not the lowest we have seen in the industry, but offers it's website in 23 different languages, which is definitely on par with the rest of the industry.

AvaTrade Client Experience

We generally like AvaTrades' Website as it is a breeze to navigate through and find out all the details needed from the company. The registration process is also pretty straight-forward as it allows clients to register via Facebook and Google which shortens the process a little.

Due to the brokers reach globally with office setups, their support department is practically always available, and there is a dedicated Phone Number for each country to call which is fantastic. 

Clients have the ability to choose from a Demo and Real Account, but newbie traders also benefit from AvaTrades' Educational Resources which include Trading for Beginners, Videos, Economic Indicators as well as an eBook that covers general Trading topics.

AvaTrade has a Bonus Calculator which allows new clients to calculate the bonus amount they will receive. This can be accessed at https://goo.gl/UTFrcq. Through a couple of calculations we did, we noticed that the maximum percentage of bonus a new Client can get is 35%, and this is maxed out at $14,000, when a client's initial deposit is $40,000.

AvaTrade Homepage 2018
AvaTrade Homepage 2018

Overall, our experience with AvaTrade was good. Clients have the option of choosing a Leverage of up to 200:1 on various CFDs. Execution was good, but definitely not the fastest we have seen from the big players of the Industry, as News Trading can get a bit 'sticky'.

AvaTrade allows its clients to choose between floating and fixed spreads, where it advertises the latter as being typically more expensive. Its pricing being relatively average, whilst more on the expensive side during News and at periods with thin liquidity.

AvaTrade Spreads
AvaTrade Spreads

AvaTrade Products

AvaTrade has extended its initial offering of only Forex when it started off as AvaFX back in 2006. The Broker now offers 59 Forex currency pairs, 37 currency pairs for options, along with 7 Cryptocurrencies to trade from. Indices are also available to trade for North America, Asia & Australia and Europe.

Apart from the above, AvaTrade has also introduced CFDs, ETFs, Commodities and Bonds, which AvaTrade's currently offers more than 160 CFDs, primarily consisting of stocks from the United States, United Kingdom, Spain, Germany, France and Italy.

Cryptocurrency Trading has now become an essential offering that is more and more frequently included in Brokers available instruments for trade. AvaTrade currently offers the most popular Cryptocurrencies for trading, which are Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero and NEO, although these will have leverage limited to 20:1, which is actually quite higher than what other Brokers allow for Crypto Trading.

AvaTrade Trading Conditions

AvaTrade allows its clients to choose between floating and fixed spreads, where it advertises the latter as being typically more expensive. Its pricing being relatively average, whilst more on the expensive side during News and at periods with thin liquidity.

AvaTrade Account Types

AvaTrade has 2 main types of trading accounts, a demo account and live trading accounts. The live accounts are categorized into 4 different sub types namely the Silver account which requires a minimum deposit of $100. The second type of live trading account is the Gold account which requires a minimum deposit of $1000 to open. The premium account levels at AvaTrade consist of the Platinium and Ava Select accounts which require a minimum deposit of $10,000 and $100,000 respectively. For traders wishing to trade the markets according to Islamic Syariah law, AvaTrade has also made available the Islamic account which offer interest free trading.

AvaTrade Commissions & Fees

AvaTrade practises commission free trading buy levy a spreads on the trades which traders make on its trading platforms. The spreads offered are competitive and goes as low as 0.7 pip for the benchmark EUR/USD currency pair.

AvaTrade Platforms and Tools

AvaTrade has done an amazing job with the Platforms it offers, as it satisfies the needs of expert and newbie traders. 

First off, AvaTrade offers MetaTrader 4, which is the most popular Trading Platform in the world. The majority of Traders prefer MT4 due to its versatility and compatibility with a lot of Expert Advisors (EAs), Indicators, and other third party scripts and software.

AvaTradeAct, another platform provided by the Broker which is developed by ActTrader Technologies INC., offers a similar trading experience as with MetaQuotes, packs a satisfactory 42 of its own Indicators and has a slightly more visual interface which newbie traders may prefer along with a Mobile Version for trading on the go. Upon further interaction with the Platform, more advanced tools and features appear, such as automated trading strategies that are available to be customized, which make the platform more suitable for advanced users.

In order to attract newbie traders, AvaTrade seems to believe that Automated Trading is the way to go, as the Broker has adopted 4 third-party popular Automated Trading Platforms which are ZuluTrade, DupliTrade, RoboX and Mirror. These platforms enable clients to automatically copy the trades of a handpicked group of trading experts, and open the positions in their own Trading Account.

Lastly, for clients looking to trade Options, AvaTrade offers their AvaOptions Platform, which is available for PC and Web Trading. 

Is AvaTrade Mobile Friendly?

To support traders who are constantly on the move, AvaTrade has also provided mobile trading apps for android and iOS powered devices. With these mobile apps, traders at AvaTrade will get to enjoy seamless integration with the desktop and web based trading platforms provided by AvaTrade.

AvaTrade Promotions

Due to regulatory restrictions, AvaTrade does not offer any kind of promotional offers.

AvaTrade Deposits & Withdrawals

AvaTrade allows Deposits and Withdrawals via Credit Cards, Skrill, Neteller, Paypal, Wire Transfer, Webmoney and last but not least Bitcoin! However, it should be noted that not all Payment Methods are available for clients that are from Europe and Australia.

As other industry leaders, AvaTrade covers any transaction fees on Deposits, and has a Minimum Deposit of $100 via Credit/Debit Cards, and a $500 Minimum Deposit via Bank Wire.

In addition to the above, the Broker also offers the Ava Debit MasterCard which is issued by Payoneer. The card takes approximately a month to be delivered, and can be used for Deposits & Withdrawals in AvaTrade, but also for ATM Withdrawals and store purchases.

AvaTrade Customer Support

For the bulk of inquiries that traders at AvaTrade have, the comprehensive FAQ will be able to address most of the questions asked. In the event that the traders require interaction with the support team at AvaTrade, several avenues of communication channels are available. They include live chat support, telephone support, email support and social media support.

AvaTrade Research and Education

Understanding that educating and enriching their clients with proper knowledge will allow them to embark on a successful online trading career, AvaTrade has strived to provide adequate support in the area of research and trading education. The educational resources are available in several formats such as training videos, ebooks and tutorials. For research materials, traders at AvaTrade have access to an economic calendar, trading signals and in-house market analysis.

Noteworthy Points to mention for AvaTrade

There are several factors which can be said to set AvaTrade apart from other brokers in the industry. They include providing its traders with a range of critical trading tools such as expert advisors (EAs), access to Trading Central and dealing room support.

Conclusion for AvaTrade

Overall, AvaTrade offers its traders reasonably competitive spreads. They are also able to provide their traders with a selection of trading platforms to suit differing types of trading environment. But most of all, traders at AvaTrade can rest assured that their money is safe, since it is a regulated broker.

User Reviews