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AvaTrade Review 2021

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AvaTrade Main Features
☑️
Regulations
ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA(JP) (Japan), FSC (Mauritius), BVI (Virgin Islands, British), CBI (Ireland)
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Russian, Portuguese
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Options, Crypto
️💵
Min Deposit
$100
💹
Max Leverage
1:30 (ASIC), 1:30 (CySEC), 1:500 (FSCA), 1:25 (FSA(JP)), 1:3500 (FSC), 1:1000 (BVI), 1:30 (CBI)
🖥
Trading Desk Type
Market Maker
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71% of retail investor accounts lose money when trading CFDs with this provider

AvaTrade Full Review

“AvaTrade is a globally regulated broker offering clients access to trade on more than 1,250+ financial instruments that include Forex, CFDs for Stocks, Bonds, Commodities, Cryptocurrencies, Indices, ETFs, and FX Options from the award-winning AvaTrade proprietary web platform, and the MetaTrader 4 and MetaTrader 5 platforms.”

AvaTrade was founded in 2006 and is authorised and regulated across all six continents it operates including by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM. It is one of the oldest online forex and CFD brokers with a well-established reputation for customer support, competitive fees and spreads – all in addition to offering a large range of financial instruments, even including ETFs and FX options for those who like to diversify across assets.

Users can choose to open several different account types – Retail, Professional, Spread betting and Options. The differences are discussed in the account opening section below. Retail, professional accounts offer access to over 1,250+ financial instruments across the AvaTrade propriety web-based platform, MetaTrader 4 and MetaTrader 5. Additional platforms include DupliTrade, AvaTradeGo, AvaOptions and AvaSocial, all of which are discussed further down this review.

AvaTrade also offers an array of research and market commentary from basic to expert trading videos, Online Trading Strategies, News, Market Analysis, Economic Calendars, as well as access to Trading Central which offers users market insights and intelligence through WebTrader and AvaTradeGO.

Pros: Cons:
  • Global regulation – CBI, BVI FSC, ASIC, FSCA, FSA and ADGM.
  • A wide selection of platforms for every type of trader including MT4/MT5.
  • Competitive spreads and fees.
  • Multilingual customer support.
  • Not available to residents in the USA and Iran.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

AvaTrade Video Review

Investor Protection & Regulations

“AvaTrade is authorised and regulated across all six continents, from the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM.”

AvaTrade is authorised and regulated in every region it operates in, including by the Central Bank of Ireland (CBI), British Virgin Islands Financial Services Commission (BVI FSC), Australian Securities and Investment Commissions (ASIC), South African Financial Sector Conduct Authority (FSCA), Japan Financial Services Authority (FSA) and Abu Dhabi Global Markets (ADGM).

The authorisations and regulations can be confirmed on the regulator’s website, as shown in the screenshot below for AvaTrade EU Limited, authorised and regulated by the Central Bank of Ireland.

AvaTrade provides further security of client funds by the following regulatory requirements:

  • Holding client funds in segregated accounts from company funds.
  • Providing a negative balance protection policy.
  • Membership to the Investor Compensation Fund. (Only for EU clients)

Users from the USA or Iran are currently not accepted. Canadian users can also access AvaTrade services through Friedberg Direct – a Canadian based broker.

Tradable Products

“AvaTrade offers clients access to trade on more than 1,250+ financial instruments covering forex, CFDs for stocks, bonds, commodities, cryptocurrencies, indices, ETFs, and FX Options.”

AvaTrade offers clients access to trade on more than 1,250+ financial instruments covering Forex, CFDs for Stocks, Bonds, Commodities, Cryptocurrencies, Indices, ETFs, and FX Options. Below is a small selection of the markets available to trade.

FX Commodities Indices Bonds
EURUSD Crude Oil S&P 500 BUND
GBPUSD Gold NASDAQ Japan Gov Bond
USD/JPY Silver DAX ETFs
EUR/CHF Platinum FTSE 100 Invesco QQQ
NZD/USD Stocks Crypto iShares Silver Trust
AUD/USD Google Ethereum MSCI Australia Index Fund
USD/CAD Tesla Bitcoin FX Options
EUR/JPY Amazon Litecoin EUR/USD
EUR/GBP Netflix Ripple GBP/USD

* Details regarding the available assets are taken from the AvaTrade website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“AvaTrade offers 4 account types called Basic, Gold, Platinum and VIP, as well as access to a demo trading account.”

AvaTrade offers four account types Retail, Professional, Spread betting and Options, although the spread betting account is limited to residents of the UK and Republic of Ireland. For clients based in the EU and UK to qualify for a professional account, they must meet the ESMA regulation criteria.

The main difference between a Retail account and a Professional account is the leverage which is offered. Retail clients are offered maximum leverage of 30:1 whereas professional clients receive 400:1 on forex pairs and 25:1 on cryptocurrencies. However, these leverage rates can change depending on the regional jurisdiction an account is opened.

An Islamic account – where no overnight swaps are charged can also be opened by traders who like their account managed according to Sharia Law. Clients can also open an AvaOptions account to trade vanilla options. A breakdown of account types is shown below:

Opening an account is straight forward. Users can click register from the websites home page to sign up using their name, email, and contact number.  Following this, users will be prompted to fill in a registration form, verify their identity and address with the relevant documents, and have the option to fund their account.

Deposit & Withdrawals options

“AvaTrade offers a variety of fee-free deposit and withdrawal methods which include debit/credit card, bank wire transfer and e-wallets such as Neteller, Skrill, Web Money, PayPal and others.”

AvaTrade accounts must be funded with a minimum of $100, however, this is dependent on the base currency of the account. Users are given the several deposit options including by debit card, credit card* (excluding Canada), wire transfer and e-payments such as Skrill, WebMoney and Neteller (excluding Australian and EU clients).

To make a deposit, users simply have to log into their AvaTrade account click on the ‘Deposit’ section and select their deposit method. To withdraw funds users must ensure their account has been verified and confirmed in order to comply with the requirements of regulatory bodies and KYC. Provided that this is done, users can expect their withdrawals to be complete within 24-48 hours.

Web & Desktop Trading Platforms

“AvaTrade offers users a variety of trading platforms including MetaTrader 4, MetaTrader 5, its own proprietary Web Trader (AvaTradeGO, AvaOptions and AvaSocial), and others including DupliTrade and ZuluTrade.”

AvaTrade offers users multiple trading platforms to suit every type of trader. In addition to its own proprietary platform web-trader, AvaTrade offers the globally recognised platforms MetaTrader 4 and MetaTrader 5 to all clients. In addition, for options trading, users can access AvaTradeGO, AvaOptions and AvaSocial, for those interested in automated trading can use DupliTrade and ZuluTrade.

AvaTrade WebTrader:

  • Simple user face with powerful functionality which helps new users understand and implement their trades easily.
  • Take advantage of additional features such as AvaProtect.
  • Modern design helps navigate across sections on the platform easy.

AvaTrade MetaTrader 4

  • 3 chart types
  • 30 Built-in indicators
  • EA advisors for automated trading
  • Micro lots available to trade
  • Available on Multiple devices PC, Mac, iOS, Android

AvaTrade MetaTrader 5

  • More powerful and interactive than MetaTrader 4
  • 38 Built-in Indicators
  • Multi-Asset Trading
  • 12 timeframes

AvaOptions

  • Users can access over 40 FX pairs using CALL and PUT options
  • Buy and Sell options to hedge risk or take a view in the underlying currency pair
  • Interactive risk management for ‘What-if Analysis’

DupliTrade:

  • A MetaTrader compatible platform which allows users to follow and copy other more experienced traders’ signals and strategies in real-time.
  • Select from a range of different strategy providers based on individual trading methods and styles.

Below is a screenshot of the proprietary AvaTrade Web Trader platform which is covered in more detail in the video review.

Mobile Trading Platforms

“AvaTrade offers users the ability to access mobile trading on the go from the MetaTrader mobile trading app and the AvaTradeGO trading app for Android and iOS systems.”

AvaTrade offers users access to several mobile apps for clients who would like access to their account on the go. Users can choose from AvaTradeGO or the MetaTrader 4 app, both of which can be found on the Google Playstore and Apple AppStore.

AvaTrade has also recently launched AvaSocial – an app which allows its users to learn and connect to expert traders from all over the globe. Users can follow, and copy trades as well as ask questions to relevant mentors and groups.

The AvaTrade mobile trading app and its features are covered in more detail in the video review.

Trading Features

“AvaTrade offers additional trading features such as AvaOptions, AvaProtect and Trading Central, among others.”

The additional features which AvaTrade offers are AvaOptions, AvaProtect, and Trading Central:

  • AvaOptions: Allows users to access a market which is available to very few retail traders. Options allow users to create a more versatile trading strategy and offer more flexibility and control of their risk.
  • AvaProtect: Allows users to ensure their capital is protected against any adverse movements in the market which goes against their position.
  • Trading Central: Users have access to advanced market insights and intelligence through trading signals and analyst recommendation generated by technical analysis.

Commissions & Spreads

“Trading with AvaTrade is commission-free while spreads and swaps vary depending on the account type and instrument being traded.”

AvaTrade does not charge any commission to execute your buy and sell orders. Instead, AvaTrade is compensated through their mark-up on the BID and ASK spread but this is dependent on each market. An example of the spreads for forex markets can be found below:

To check current spreads users can check the financial instruments page. Overnight funding or ‘swap’ fees are charged on positions which remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

Inactivity fees are also charged in the case of no trading activity for three months (50 EUR/GBP/USD) and after twelve consecutive months 100 (EUR/GBP/USD).

Bonus & Promotions

“In accordance with regulatory restrictions, AvaTrade does not offer any bonuses or promotions within the EU region.’’

Customer Support

“AvaTrade offers multilingual customer support 24 hours a day, 5 days a week via email, telephone and live chat.”

AvaTrade offers a great range of customer support options via access to a multilingual customer service team available 24/5 contactable through email, phone and live chat. Detailed questions and answers can also be found through the FAQ & Help Centre.

After logging into the live chat, we were greeted by an agent within a few seconds who answered our question promptly, as shown below:

Contact Information:

Research

“AvaTrade provides access to research through Trading Central and includes Analyst Views, Forex Ideas, Market Buzz and more.”

AvaTrade clients with funded accounts have access to Trading Central where Analyst Views, Forex Ideas, Market Buzz, and an Economic calendar can be accessed. This is useful to clients who may want to see market view from others, see the most popular news in real-time and those who like a professional’s opinion on select markets.

Trader Education

“AvaTrade offers an impressive range of education resources including video tutorials, eBooks and daily videos.”

AvaTrade offers a vast range of education and tutorial videos which can be found using the education link on the AvaTrade homepage. Users have access to over 50 video tutorials, a free eBook, multiple videos on trading strategies, economic indicators and even daily videos which cover Technical and Fundamental analysis on major currency pairs. Below is a breakdown of just some of the videos available:

Trading Experience

“AvaTrade offers an impressive range of trading accounts to speculate on a wide variety of markets from a variety of different trading platforms suitable for beginner and advanced traders.”

From our observations, AvaTrade offers a very competitive service to clients who would like to access a broad spectrum of markets and asset classes. With over 1000+ instruments and multiple platforms to trade them on AvaTrade would suit most trader’s needs.

In addition, the broker actively seeks to educate and provide the support needed for even the newest over traders through its Education and Research resources, and also through its unique services such as AvaProtect.

FAQ

Is AvaTrade regulated?

Yes, by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM.

Where is AvaTrade based?

AvaTrade is based at Five Lamps Place, Amiens Street, Dublin 1 Ireland.

How does AvaTrade make money?

AvaTrade makes money mainly through spreads and swaps on certain asset classes.

How do I deposit in AvaTrade account?

Funds can be deposited into a trading account via credit/debit cards, bank wire, and e-wallets such as Neteller, Skrill, PayPal, Web Money and others.

What is the min. deposit for AvaTrade?

The minimum deposit is 100 (EUR/GBP/USD).

How do I withdraw money from AvaTrade?

Withdrawals can be made from AvaTrade via credit/debit cards, bank transfer and e-wallets.

What is the max leverage in AvaTrade?

The maximum leverage offered by AvaTrade is 30:1 for retail clients and 400:1 for professionals for EU clients but can be higher depending on region.

How do I open an account with AvaTrade?

An account can be opened at the click of a button on the AvaTrade website and can be done in just a few steps.

Does AvaTrade use MetaTrader?

Yes, MetaTrader 4 and Metatrader 5.

Conclusion

“AvaTrade is a globally regulated broker offering clients access to trade on more than 1,250+ financial instruments that include forex, CFDs for stocks, bonds, commodities, cryptocurrencies, indices, ETFs, and FX options from the award-winning AvaTrade proprietary web platform, and the MetaTrader 4 and MetaTrader 5 platforms.”

AvaTrade was founded in 2006 and is authorised and regulated across all six continents it operates including by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM. It is one of the oldest online forex and CFD brokers with a well-established reputation for customer support, competitive fees and spreads – all in addition to offering a large range of financial instruments, even including ETFs and FX options for those who like to diversify across assets.

Users can choose to open several different account types – Retail, Professional, Spread betting and Options. The differences are discussed in the account opening section below. Retail, professional accounts offer access to over 1,250+ financial instruments across the AvaTrade propriety web-based platform, MetaTrader 4 and MetaTrader 5. Additional platforms include DupliTrade, AvaTradeGo, AvaOptions and AvaSocial.

AvaTrade also offers an array of research and market commentary from basic to expert trading videos, Online Trading Strategies, News, Market Analysis, Economic Calendars, as well as access to Trading Central which offers users market insights and intelligence through WebTrader and AvaTradeGO.

  • Globally regulated.
  • Trade on more than 1,250+ global markets.
  • Access MetaTrader 4 and MetaTrader 5.
  • Wide range of account types available.
broker

71% of retail investor accounts lose money when trading CFDs with this provider

See AvaTrade Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Ireland
Foundation Year
2006
Regulations
ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA(JP) (Japan), FSC (Mauritius), BVI (Virgin Islands, British), CBI (Ireland)
Publicly Traded
No
Number Of Employees
200+
Trading Desk Type
Market Maker
Trading platforms
MT4, MT5, Proprietary, AvaSocial, AvaTradeGo, AvaOptions, WebTrader
Restricted Countries
United States, Iran
Supported Languages
English, Spanish, German, French, Arabic, Russian, Portuguese
Min Deposit
$100
Max Leverage
1:30 (ASIC), 1:30 (CySEC), 1:500 (FSCA), 1:25 (FSA(JP)), 1:3500 (FSC), 1:1000 (BVI), 1:30 (CBI)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, QIWI, Boleto
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, QIWI, Boleto
Cryptocurrencies
Bitcoin, NEO, Litecoin, Ripple, Stellar, Dash, EOS, Ethereum
Fixed Spreads
No
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Options, Crypto
Mini Account
No
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
No
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