AvaTrade Overview
| Website | avatrade.com |
| Year Founded | 2006 |
| Countries of Registration | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada |
| Website Languages | English, Turkish, Swedish, Portuguese, Polish, Dutch, Italian, Hungarian, French, Finnish, Spanish, German, Traditional Chinese, Simplified Chinese, Thai, Russian, Mongolian, Korean, Japanese, Indonesian, Arabic |
| Regulators | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO |
| Broker Type | MM |
| Dealing | B-book |
| Minimum Deposit | $100 |
| Account Currencies | USD, EUR, GBP, CHF |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at AvaTrade
AvaTrade is a well-established Forex and CFD broker recognized for its comprehensive trading platforms, diverse range of financial instruments, and robust regulatory framework. Founded in 2006, AvaTrade serves clients worldwide, offering access to major and minor currency pairs, commodities, indices, cryptocurrencies, and more. The broker supports multiple trading platforms, including the popular MetaTrader 4 and 5, as well as its proprietary AvaTradeGo app, catering to both desktop and mobile traders. AvaTrade is regulated by several reputable authorities, ensuring a high level of security and trust for its clients. Additionally, the broker provides a variety of account types to suit different trading styles and experience levels, along with extensive educational resources and customer support to assist traders in making informed decisions. With competitive spreads, flexible leverage options, and efficient withdrawal processes, AvaTrade stands out as a reliable choice for both novice and experienced Forex traders.
Pros
- Regulated by multiple top-tier financial authorities
- Offers MetaTrader 4, MetaTrader 5, and AvaTradeGo app
- Provides access to Forex, commodities, indices, and cryptocurrencies
- Extensive tutorials, webinars, and market analysis available
- Offers tight spreads across numerous trading instruments
- Free demo accounts available for practice trading
- Multilingual support available through various channels
Cons
- Maximum leverage may be lower than what some traders desire
- AvaTradeGo app offers fewer customization options
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AvaTrade Reviews
AvaTrade is a fantastic broker with a seamless login process and a highly intuitive app. The minimum deposit is affordable, and the demo account was invaluable for testing my trading strategies. I appreciate the variety of account types and the availability of both MT4 and MT5 platforms. Withdrawal time is quick, and the competitive spreads make forex trading cost-effective. Highly recommend AvaTrade for both beginners and experienced traders.
1/30/2024Outstanding review of AvaTrade as a top-tier broker. Signing up was easy, and downloading the trading platforms was hassle-free. The leverage options are flexible, and the spreads are consistently tight, which enhances my trading performance. The demo account provided a risk-free environment to practice, and the swift withdrawal time ensures I have access to my funds without delays.
2/18/2024AvaTrade offers an exceptional trading experience with its user-friendly app and efficient login system. The minimum deposit requirement is low, making it accessible for new traders, and the demo account allowed me to familiarize myself with the platform before going live. I love the diverse account types and the availability of both MT4 and MT5 for advanced trading. Withdrawal times are impressive, and the spreads are some of the best in the forex market.
3/12/2024Highly satisfied with AvaTrade as my chosen broker. The sign-up process was quick, and downloading the MT4 platform was straightforward. The app is robust and offers all the necessary tools for effective trading. I appreciate the competitive spreads and the flexible leverage options that cater to my trading needs. The demo account was a great feature for honing my strategies, and withdrawals are processed rapidly.
4/7/2024AvaTrade exceeded my expectations with its excellent trading platforms and efficient login procedure. The minimum deposit requirement is very reasonable, and the demo account allowed me to practice extensively before committing real funds. I appreciate the diverse account types and the availability of both MT4 and MT5 for different trading styles. Withdrawal times are prompt, and the spreads are highly competitive, making AvaTrade a top choice for forex traders.
5/25/2024Leave a Review
Is AvaTrade regulated?
| Companies | Ava Trade EU Ltd, Ava Trade Markets Ltd, Ava Capital Markets Australia Pty Ltd, Ava Capital Markets Pty, Ava Trade Japan K.K., AVA Trade Middle East Ltd, ATrade Ltd, Friedberg Mercantile Group Ltd. |
| Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada |
| Regulators | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), The Investor Compensation Company DAC (ICCL) |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
AvaTrade Account Types
| Property | Standard |
|---|---|
| Min Deposit | $100 |
| Lot Size | 0.01 |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.6 pips |
| Fee | No |
| Max Leverage | 1:400 |
| Stop Out | 50% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
AvaTrade Funding and Fees
| Base currencies | USD, EUR, GBP, CHF |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, PayPal |
| Inactivity fee | $50 per month after 3 months |
| Interest on margin | |
| Withdrawal Fee |
AvaTrade Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO |
| Execution Speed | 0 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
AvaTrade Trading Assets
| Currencies | 53 |
| Indices | 46 |
| Stocks | 614 |
| Cryptocurrencies | 20 |
| Bonds | 2 |
| Metals | 7 |
| Energies | 5 |
| Soft Commodities | 7 |
| ETFs | 61 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
AvaTrade Support
| customer@avatrade.com | |
| Phone | +3228080310 |
| Telegram | Telegram |
| YouTube | YouTube |
AvaTrade Alternatives
| Broker | AvaTrade | eToro | Exness | XM | OANDA | FOREX.com |
|---|---|---|---|---|---|---|
| Type | MM | MM, Social | MM, STP, ECN | MM | STP | MM, DMA |
| Minimum Deposit | $100 | $200 | $10 | $5 | $1 | $100 |
| Regulators | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO | SFSA, FCA, CySEC, ASIC, SEC | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | BFSC, CySEC, ASIC, DFSA | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView |
| Spread | low | high | low | low | low | average |
| Leverage | 1:400 | 1:30 | 1:2000 | 1:1000 | 1:200 | 1:50 |
| Assets | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
Is AvaTrade Right for You?
AvaTrade stands out as a well-regulated Forex and CFD broker, offering a diverse range of trading instruments, including currencies, commodities, and cryptocurrencies. With access to popular platforms like MetaTrader 4 and 5, as well as the user-friendly AvaTradeGo app, traders can benefit from extensive educational resources and competitive spreads. The multilingual support and free demo accounts further enhance the trading experience, making it accessible for both beginners and experienced traders alike. However, some drawbacks should be considered, such as the lower maximum leverage that may not meet the expectations of all traders. Additionally, while the AvaTradeGo app is convenient, it offers fewer customization options compared to other platforms, which could limit advanced users seeking a tailored trading environment. The $50 monthly inactivity fee after three months may also deter those who do not plan to trade frequently. In conclusion, AvaTrade is an excellent choice for novice and intermediate traders looking for a reliable and educational trading environment. However, more experienced traders who prioritize high leverage and extensive customization might find it less suitable. Overall, if you value regulatory security and a comprehensive suite of trading tools, AvaTrade could be the right broker for you.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
