AvaTrade Review: Features, Pros, Cons, and More

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AvaTrade is a global forex and CFD broker that offers a comprehensive range of online trading services. Established in 2006, the broker has offices in Dublin, Milan, Paris, Sydney, Tokyo, Madrid, and several other key financial hubs. AvaTrade is regulated by multiple top-tier regulatory authorities, including the Central Bank of Ireland (CBI), ASIC, JFSA, FSA, FSCA, ADGM, KNF, IIROC, and ISA. The broker provides access to over 250 trading instruments, encompassing forex, commodities, indices, stocks, cryptocurrencies, bonds, and ETFs.

While AvaTrade is a highly reputable and regulated broker, it has its own strengths and weaknesses. In this review, we will discuss AvaTrade’s features, advantages, and disadvantages. By the end of this article, you will have a clearer understanding of whether AvaTrade is the right broker for your trading needs.

Market Overview:

AvaTrade has positioned itself as a major player in the online trading industry. With a global footprint and a diverse customer base, it offers traders a wide array of financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker is known for its competitive spreads, robust trading platforms, and advanced trading tools that enable traders to make informed decisions.

AvaTrade at a Glance

AvaTrade at a Glance
  • Founded In: 2006
  • Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
  • Minimum Deposit: $100
  • Maximum Leverage: 1:30 (for retail clients), 1:400 (for Non-EU, and professional accounts) (varies by region and account type)
  • Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
  • Trading platform: Trading Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
  • Account Types: Retail, Professional, Islamic, Spread Betting (UK only)
  • Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options: Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, WebMoney, Perfect Money
  • US Traders:  Not Accepted 

AvaTrade Background:

Founded in 2006, AvaTrade is a forex and CFD broker that caters to traders and investors globally. The broker offers a wide range of trading instruments including forex, stocks, indices, commodities, bonds, and cryptocurrencies. AvaTrade is known for its user-friendly trading platforms and innovative trading features.

AvaTrade Pros and Cons:

Pros:

  • Regulated in multiple reputable jurisdictions (CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA)
  • A wide range of trading instruments is available
  • Competitive spreads and no commissions on most accounts
  • User-friendly trading platforms (MT4, MT5, AvaTradeGO, AvaOptions)
  • Extensive educational resources and market analysis tools
  • Free and fast account opening process
  • Negative balance protection
  • Multiple deposit and withdrawal options

Cons:

  • Does not accept US clients
  • Inactivity fee charged after three months of non-use
  • Limited account protection for non-EU clients
  • Customer support is not available 24/7

Our Ratings for AvaTrade:

8.7
AvaTrade Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)7
Trading (15%)7.5
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9.2

Regulation and Safety:

AvaTrade is a highly regulated broker, adhering to stringent regulatory requirements from multiple authorities. This ensures that the broker operates with transparency and fairness, providing a secure trading environment for its clients. AvaTrade holds client funds in segregated bank accounts and offers negative balance protection to ensure clients do not lose more than their initial investment. The broker’s regulated entities include:

  • AvaTrade EU Ltd: Regulated by the Central Bank of Ireland (CBI)
  • Ava Capital Markets Australia Pty Ltd: Regulated by ASIC
  • Ava Trade Japan K.K.: Regulated by JFSA
  • AvaTrade Ltd: Regulated by the Financial Services Authority (FSA) in the British Virgin Islands
  • AvaTrade Ltd: Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa
  • AvaTrade Middle East Ltd: Regulated by the Abu Dhabi Global Market (ADGM)
  • AvaTrade Ltd: Regulated by the Israel Securities Authority (ISA)
  • The Polish Financial Supervision Authority (PFSA) (Polish: Komisja Nadzoru Finansowego (KNF))
  • Investment Industry Regulatory Organization of Canada (IIROC) 

Deposit and Withdrawal:

AvaTrade offers a variety of deposit and withdrawal methods, providing flexibility and convenience to its clients. While most deposits are free, some withdrawal methods may incur fees. Traders can use various methods including bank wire transfers, credit/debit cards, PayPal, Skrill, Neteller, WebMoney, and Perfect Money. Withdrawal requests are typically processed within one to two business days.

AvaTrade Fees:

AvaTrade’s fee structure is competitive, with spreads varying based on the account type and market conditions. The broker offers tight spreads with no commissions on most accounts, making it cost-effective for traders. AvaTrade does charge an inactivity fee after three months of non-use.

  • Trading Fees (Spreads): Starting from 0.9 pips
  • Trading Fees (Commissions): No commissions on most accounts
  • Inactivity Fees: $50 per quarter after three months of inactivity
  • Administration Fee: $100 after  12 consecutive months of non-use 

Leverage and Margin:

AvaTrade offers leverage based on the regulatory jurisdiction and the type of account. Retail traders can access leverage up to 30:1, while professional traders and non-EU traders may qualify for higher leverage up to 400:1. The broker’s margin call level is set at 50% for retail clients, and for professional and EU clients it is 10% The stop-out level is 20%.

Trading Options and Facilities:

AvaTrade supports a wide range of trading styles and strategies, including scalping, hedging, and automated trading. The broker offers several trading platforms to cater to different trading needs, including MetaTrader 4 and 5, AvaTradeGO, WebTrader, and AvaOptions. Additionally, AvaTrade supports copy trading through DupliTrade and ZuluTrade.

Platforms and Trading Tools:

AvaTrade provides a variety of trading platforms to suit different preferences and trading styles. These include:

MetaTrader 4
MetaTrader 5
AvaTradeGO
WebTrader
AvaOptions
DupliTrade
ZuluTrade

Trading Tools:

  • Economic Calendar
  • Autochartist
  • Trading Central
  • Guardian Angel
  • AvaProtect (risk management tool)

Market and Products:

AvaTrade offers a broad selection of trading instruments to diversify trading portfolios. The broker provides access to over 250 instruments, including:

Forex: 60+ currency pairs
CFDs: Indices, commodities, bonds, ETFs
Cryptocurrencies: 20+
Stocks: Hundreds of individual stocks

Education and Research:

AvaTrade places significant emphasis on education, offering a wealth of resources to help traders enhance their knowledge and skills. These resources include trading tutorials, eBooks, video tutorials, webinars, and daily market analysis. The broker’s educational materials cater to traders of all experience levels.

Customer Support:

AvaTrade is committed to providing excellent customer support through multiple channels. Traders can reach the support team via live chat, email, and phone. The broker offers multilingual support, recognizing the diverse nature of its global clientele. However, customer support is not available 24/7, which may be a limitation for some traders.

Support via Chat: Good
Support via Phone: Good
Support via Email: Good

Reputation and Review on Public Domains:

AvaTrade enjoys a positive reputation within the trading community. Verified reviews on platforms like Trustpilot reflect high customer satisfaction, with a rating of 4.6 out of 5. Similarly, reviews on Forex Peace Army provide a rating of 3.5 out of 5. While online reviews should be cautiously approached, the consensus indicates that AvaTrade is a reliable and trusted broker.

AvaTrade Account Types Review:

AvaTrade offers several account types for traders to meet different trading needs and preferences. These include:

  • AvaTrade Demo Account: Ideal for beginners and those looking to test strategies in a risk-free environment.
  • AvaTrade Retail Account: Designed for individual traders with competitive spreads and no commissions.
  • AvaTrade Professional Account: Offers higher leverage and reduced trading costs for experienced traders.
  • AvaTrade Islamic Account: Swap-free account compliant with Shariah principles.
  • AvaTrade Spread Betting Account: Available for UK traders, offering tax-efficient trading.

AvaTrade Account Opening Review:

Opening an account with AvaTrade is straightforward and can be completed online in a few minutes. The process involves filling out a registration form, submitting verification documents, and funding the account. Verification typically takes a couple of hours to a few days.

Account Opening Time: Instant
KYC Verification: Required
Account Verification: Typically takes a few hours to a few days

AvaTrade Alternatives:

While AvaTrade is a reputable broker, there are several alternatives worth considering:

IC Markets: Known for low spreads and an extensive range of trading platforms.
XM: Offers competitive trading conditions and a wide selection of tradable assets.
FXTM: Provides a wide range of trading tools and educational resources.
FBS: Offers flexible trading conditions, including low minimum deposit requirements.
HotForex: Known for its diverse range of account types and excellent customer support.

Frequently Asked Questions (FAQs)

Is AvaTrade a Good Broker?

Yes, AvaTrade is widely regarded as a good broker, offering competitive spreads, a wide range of instruments, and strong regulations

Is AvaTrade an ECN Broker?

No, AvaTrade operates as a market maker, which means it acts as the counterparty to its clients’ trades.

Is AvaTrade Regulated?

Yes, AvaTrade is regulated by multiple top-tier regulatory authorities including the Central Bank of Ireland (CBI), ASIC, JFSA, FSA, FSCA, ADGM, IIROC, KNF, and ISA.

Is AvaTrade Safe?

Yes, AvaTrade is considered a safe and legitimate broker, adhering to strict regulatory standards and providing a secure trading environment.

How Long Does It Take to Withdraw from AvaTrade?

Withdrawal requests are typically processed within one to two business days. The actual time for funds to reach the trader’s account depends on the payment provider and bank.

Does AvaTrade Charge Withdrawal Fees?

AvaTrade does not charge fees for most withdrawal methods, but some third-party fees may apply depending on the payment provider.

Is AvaTrade Suitable for Scalping?

Yes, AvaTrade allows scalping and provides competitive spreads and fast execution that are suitable for this trading style.

Is AvaTrade Good for Beginners?

Yes, AvaTrade is suitable for beginners due to its user-friendly platforms, comprehensive educational resources, and competitive trading conditions. However, as a beginner, if you consider a lower minimum deposit, you may consider XM, FBS, Exness

What is the Minimum Deposit for AvaTrade?

The minimum deposit for AvaTrade is $100, which allows access to its wide range of trading instruments and services.

Does AvaTrade Offer Mobile Trading?

Yes, AvaTrade offers mobile trading through its AvaTradeGO app, which is available for iOS and Android devices.

Does AvaTrade Have Negative Balance Protection?

Yes, AvaTrade provides negative balance protection to ensure that clients do not lose more than their account balance.

Does AvaTrade Accept US Clients?

No, AvaTrade does not accept clients from the United States due to regulatory restrictions.

Conclusion:

AvaTrade is a reliable and feature-rich forex broker. With its strong regulations, a wide range of trading instruments, competitive trading conditions, and comprehensive educational resources, AvaTrade serves traders of all levels. Whether you are a beginner or an experienced trader, AvaTrade offers a complete and secure trading environment to meet your needs.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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