AvaTrade Reviews

When you trade CFDs, there’s a lot of competition. With so many online brokers available, it’s hard to choose the right one. You can decide by checking the broker’s track record, regulations, and reputation. Luckily, many websites publish expert reviews that can help. AvaTrade is often praised as a leading broker. In this review, we’ll look at AvaTrade’s trading conditions, fees, deposit/withdrawal options, trading platforms, and customer support to see if it’s a trustworthy broker

🏢 Headquarters Dublin, Ireland
📅 Year founded 2006
🗺️ Regulation FSCA (South Africa), CBI (Ireland), ADGM (United Arab Emirates), ASIC (Australia), BVI FSC (Virgin Islands, British), ISA (Israel), JFSA (Japan)
💻 Trading platform: AvaTradeGo, AvaOptions, AvaSocial, MT5, Proprietary, MT4, WebTrader, DupliTrade
💰 Account currency: USD
📊 Accounts: Standard, Demo
💵 Withdrawal: Wire Transfer, Skrill, Neteller, Credit Card, Debit Card, Webmoney
💵 Deposit: Wire Transfer, Skrill, Neteller, Credit Card, Debit Card, Webmoney
🚀 Minimum deposit: $100
⚖️ Leverage: 1:30 (FSCA), 1:30 (CBI), 1:30 (ADGM), 1:30 (ASIC), 1:1000 (BVI FSC), 1:20 (ISA), 1:25 (JFSA)
☪️ Islamic account (swap free) Yes
🎮 Demo Account Yes
💱 Spread: From 0.9 to 3 p.
🔧 Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
📋 Orders execution: Instant Execution
☎ Customer Support: 24/5
📚 Education Provided

 

AvaTrade is a top Forex Trading Broker that serves customers all over the world, with over 200,000 clients. It’s regulated on 5 continents. They offer trading solutions for both beginners and experienced traders. You can trade through various platforms, tools, and options they provide.

We found out that AvaTrade is a Market Maker broker. They offer trading in Forex pairs, CFDs, and Cryptocurrencies. There are no restrictions on short selling or scalping. AvaTrade is known as a leading global Forex broker because they offer many trading platforms and instruments. They use high technology for order executions, like getting quotes from the interbank and connecting to the market itself.

Fees

When you trade on AvaTrade platforms, you’ll have to pay certain fees. These fees mainly include Spreads and Overnight fees. The main fee is the CFD spread, but there might be commissions too. The total fees also include extra charges like conversion fees if you have an account in a different currency. Lastly, there are fees if you don’t use your account for a while.

Pros and Cons

Pros Cons
AvaTrade offers a wide variety of trading options. The website is not easy to use.
They have licenses to provide services across 5 continents. Customer service can be slow to respond.
Customer service is available 24/7 and can help in 14 languages. Trading terminals may freeze occasionally.
There are many easy-to-use trading platforms to choose from.
You can trade using mobile devices.
They offer Islamic accounts (swap-free) for Muslim traders.
Customer funds are stored securely in segregated accounts.
Provides options for automated trading using trading advisors, indicators, and other analysis tools.

AvaTrade Regulation and Security

It’s important to trade with a regulated broker to lower the chances of scams and bad practices. We advise traders to check if a broker is regulated and confirm this by checking their license with the regulator’s database. AvaTrade has seven regulated entities for clients. AvaTrade’s regulation is excellent and highly trusted in the industry. They keep client money separate from company funds and offer protection against negative balances. Some jurisdictions also have a fund to compensate investors if needed.

It’s worth noting that the trading rules in these seven places are quite different because the regulators have different levels of restrictions. Since most traders have options, we recommend picking the one that suits your trading goals best, if possible. While all these regulatory environments are good for beginners, the British Virgin Islands or South Africa might be better for active traders who want higher leverage.

Leverage

Leverage is a tool that helps you trade with more money than you have, which can boost your potential profits. But, it’s important to use it wisely. Higher leverage can increase your gains, but it can also increase your losses. At AvaTrade, the amount of leverage you can use depends on where you live and what you’re trading.

  • For European clients, the maximum leverage is 1:30.
  • Australian clients also have a maximum leverage of 1:30 due to recent updates.
  • International traders can use higher leverage, up to 1:400.

Account Types

AvaTrade provides different types of accounts for traders. There’s a Standard account where traders can choose between a corporate account or a swap-free Islamic account. There’s also a Demo account for testing the broker’s platform. Additionally, there’s a Retail account, which is similar to the Standard account but mainly for traders who live in Europe.

Deposits and Withdrawals

To start trading with AvaTrade, you can deposit at least $250 using Credit Cards or Debit Cards, or $500 via Bank wire transfer. However, depending on your trading entity, you might be able to deposit as little as $100. AvaTrade doesn’t charge any fees for deposits or withdrawals, and they offer a variety of payment methods. When you request a withdrawal, AvaTrade usually processes it within 24-48 hours. However, because of regulations and international laws, it might take a few more days for you to receive the money. You can also compare AvaTrade’s fees with those of Pepperstone if you want to.

Trading Instruments

At AvaTrade, you can trade more than 250 different things on different platforms. These include over 60 currency pairs, major stock indices, cryptocurrencies, commodities like gold, silver, sugar, and coffee, bonds, individual shares, and ETFs.

You can trade cryptocurrencies like Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, NEO, IOTA, Zcash, and Qtum. You can use both the MT4 Platform and AvaTradeGO for cryptocurrency trading. There are competitive spreads, no commission charges, leverage up to 20:1, and you can start trading with as little as $100.

Trading Platforms

Our experts discovered that AvaTrade provides a wide range of platforms and tools for trading. These are accessible through the Web, Desktop, and Mobile Apps

Platform Details
Web Trading Platform AvaTrade’s Web Trading Platform caters to all levels of traders. You can trade manually or automatically on various financial instruments. UK clients can also request spread betting opportunities. Our research showed that WebTrader is an innovative platform suitable for both beginner and advanced traders. It has an easy-to-use interface and a simple design.
Desktop Platform AvaTrade offers a desktop platform that is widely used in the industry. It’s powerful yet flexible, allowing for manual and automated trading. You can also switch to MT4/MT5 for variable spreads starting at 0.9 pips, or choose fixed spreads.
Mobile Trading Platform

AvaTrade’s mobile app, AvaTradeGO, is user-friendly and packed with tools. The app features a dashboard with advanced tools and guides for opening trades, activity feedback, and support. Additionally, the platform lets you manage multiple MT4 accounts and switch between demo, real, and variable spreads accounts easily.

Research and Education

At AvaTrade, the focus is on providing quality research and education to its clients. They use a service called Trading Central, which I think is a smart choice. This helps AvaTrade to concentrate on its main business while still giving clients a trusted solution from a third party. On AvaTrade’s blog, you’ll find short comments about the market, but they aren’t as useful as what you get from Trading Central.

AvaTrade really stands out in the education department, especially for new traders. While there’s some educational content on the official website, the main learning hub is called SharpTrader. AvaTrade separated its educational section, which was a big success. SharpTrader is now one of the best resources for new traders in the industry. It offers more than 40 courses and 200 videos. I highly recommend beginner traders spend time on these valuable lessons.

Customer Support

AvaTrade has customer support available 24 hours a day. You can reach them through live chat, email, or phone. They offer support in over 14 languages. AvaTrade gives quick and reliable answers, and you can call them for free from many countries.

AvaTrade Licenses

  • AVA Trade EU Ltd – authorized by Central Bank of Ireland registration no. C53877
  • Ava Capital Markets Australia Pty Ltd – authorized by ASIC (Australia) registration no.  406684
  • Ava Capital Markets Pty Ltd – authorized by FSCA (South Africa) registration no. 45984
  • Ava Trade Japan K.K. – authorized by FSA (Japan) registration no. 1662 and FFAJ registration no. 1574
  • Ava Trade Middle East Ltd – authorized by FRSA (Abu Dhabi Global Markets) registration no. 190018
  • Ava Trade Markets Ltd. – authorized by BVIFSC (British Virgin Islands) registration no. SIBA/L/13/1049
  • DT Direct Investment Hub Ltd. – authorized by CySEC (Cyprus) registration no. 347/17
  • ATrade Ltd – authorized by ISA (Israel) registration no. 514666577

Is AvaTrade Safe or Scam?

After looking into it, we found that AvaTrade isn’t a scam. It’s a trustworthy broker for trading. AvaTrade is legitimate and regulated by top financial authorities like ASIC (you can read about ASIC Regulated Blueberry Markets), CySEC, and licensed by the Central Bank of Ireland. So, we think it’s safe and low-risk to trade Forex and CFDs with AvaTrade.

Conclusion

In wrapping up our review of AvaTrade, we can confidently say it’s a reliable broker for trading, offering trustworthy solutions. AvaTrade has gained a solid and respected reputation by providing a wide range of trading strategies and by dealing with markets and clients in a reliable manner. One of AvaTrade’s strengths is its flexibility, offering various platforms, currency pairs, and solutions to meet different trading needs. Additionally, the broker provides competitive costs and excellent educational materials suitable for traders at all levels.

FAQs

Is AvaTrade trustworthy?

Yes, AvaTrade is trustworthy. It was started in 2006 and is now one of the most trusted Forex brokers worldwide.

How long does it take to get money from AvaTrade?

AvaTrade processes withdrawals within 24 hours. But it might take up to ten business days for traders to receive their money.

Is AvaTrade good for beginners?

Yes, AvaTrade is good for beginners because it offers a trading academy called SharpTrader.

Is it safe to trade with AvaTrade?

Yes, it is safe to trade with AvaTrade. It has seven regulators, lots of experience, and is known for being transparent.