broker

AvaTrade Review 2022

Updated:
4.6
Trust
4.3
Fees
4.4
Platforms and Tools
4.8
Customer Support
4.7
Tradable Instruments
4.7
Account Types and Terms
4.9
Deposit and Withdrawal
4.9
Research
5.0
Education
4.4
While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: For this AvaTrade Review, we focused on the services provided by www.avatrade.com, operated by AvaTrade EU Ltd regulated by the Central Bank of Ireland, using a Retail CFD trading account, the MetaTrader desktop platform and AvaTradeGo mobile app.

Some of the features and services will vary depending on which jurisdiction you open an account in.

The Big Picture

AvaTrade is a broker that provides a great range of trading accounts and platforms to trade on more than 1,250 instruments covering Forex, stocks, indices, commodities, cryptos and FX options. Regulated by eight financial regulators around the world, the services are mainly geared towards beginners but there are some useful tools for advanced traders as well.

From our live testing, opening an account with AvaTrade was fast and very simple. There are different investor protections depending on which jurisdiction you open an account with but everything is laid out transparently on the broker’s website which is always good to see.

While there are a lot of platforms geared towards advanced traders such as MetaTrader 4, MetaTrader 5 and AvaOptions, beginner traders will be able to navigate the AvaTradeGo mobile trading app with ease.

AvaTrade Key Takeaways for 2022

  • We evaluated AvaTrade according to nine categories. The broker scored highly in most categories with near-maximum points for Account Types, Research, Customer Support, Trading Platforms and Deposit and Withdrawals.
  • Beginner traders will enjoy the commission-free trading accounts that are available to trade Forex, stocks, indices, commodities and cryptocurrencies, as well as the wealth of educational materials available such as videos and courses which are all very detailed.
  • Advanced traders will enjoy the range of platforms available to trade on such as MetaTrader 4, MetaTrader 5, Web Trader and the AvaTradeGo mobile app, as well as access to different types of trading accounts such as CFD, Spread Betting, Options and Islamic accounts and third-party analytical tools.
  • One interesting and unique feature about AvaTrade is AvaProtect. This is a risk management tool that allows you to get your money back on losing trades. While there is a fee for this it’s a great feature to trade volatile markets.

What Sets AvaTrade Apart from Other Brokers?

AvaTrade is a globally regulated broker and is authorised and regulated by eight different financial regulators. This provides a good level of safety for your funds but the full amount of protections do vary depending on your jurisdiction.

From our live testing, we found you can access a range of different types of accounts. This includes accounts for CFDs, Spread Betting, Options and an Islamic swap-free account. It’s great to have this level of flexibility and product choice when trading on the more than 1,250+ markets offered by AvaTrade.

Who is AvaTrade For?

AvaTrade provides a good range of services, products and materials for beginner and advanced traders.

Beginner traders will enjoy the commission-free trading accounts and the AvaProtect feature to cover losses in volatile markets (at a fee). There are also excellent educational videos covering a wide range of topics including different trading strategies.

Advanced traders will enjoy the wealth of platforms and accounts that are available. You can choose from Spread Betting, CFD, Options and Islamic swap-free accounts (which means there are no overnight charges) and trade from desktop, web and mobile trading platforms.

You can also access third-party analytical tools from Trading Central which provides news, trading ideas, analysts and statistical market data.

AvaTrade Pros and Cons

Pros Cons
  • Good range of account types (CFD, Spread Betting, Options, Islamic & Social)
  • 1,250+ instruments to trade on – Forex, stocks, indices, commodities and cryptos
  • Great range of trading platforms
  • Investor compensation scheme only available in some regions

 

broker

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

 

About the Author

Jitan Solanki
After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies.
Read More

How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
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 (CFD)
Currencies, Commodities, 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
See More
Check if...
unknownAvaTrade accepts clients from your country:
Choose your country:

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

AvaTrade Full Review

Trust

4.3
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

See More

AvaTrade scored highly in this category as each of its entities around the world are licenced and regulated by a financial regulator. It didn’t score maximum points as some entities are regulated by top tier regulators, such as the Australian Securities and Investments Commission (ASIC) and some by lower-tier regulators, such as the British Virgin Islands Financial Services Commission (FSC).

Why is Choosing the Right Entity Important?

The location of a broker will dictate the level of regulatory oversight and protections offered to investors. Due to regulatory changes from tier 1 regulators such as the FCA, CySEC and ASIC, many brokers have moved offshore so it’s worthwhile doing your due diligence.

We look for several things when analysing the safety and trust of a broker. This includes:

  1. Segregation of client funds from company funds. Having client funds segregated from company funds is always important as you don’t want your broker to use your funds to run their business!
  2. A negative balance protection policy. This means that your account cannot go into a negative balance from adverse movements in the market.
  3. Compensation scheme. Does the entity or regulator provide access to compensation in the event a broker goes bust?
  4. Are additional safeguards put in place by the broker even when they are not required to do so? This is a great measure of just how serious your broker takes your safety!

Some financial regulators make it a regulatory requirement to offer some of these features, while others do not.

We found that AvaTrade is very transparent in what protections you have and don’t have based on where you open an account.

AvaTrade also offers stability as they have been in business since 2006 and have managed to successfully navigate major changes in the industry.

However, the broker has had a few warnings in the past which includes:

  1. An agreed settlement in 2017 of EUR 175,000 between AvaTrade EU Ltd and the Financial Services Market Authority (FSMA) for not providing a prospectus to residents in Belgian territory as required.
  2. A fine in 2017 from the Israeli Securities Authority (ISA) for AvaTrade’s Israel entity, ATrade, for misleading advertising. This was based on a video ad that said it was safer to trade with ATrade now that it has received a licence from ISA.
  3. In 2021, the Polish Financial Supervision Authority (KNF), placed AvaTrade on its warning list as the AvaTrade EU Limited entity and Polish branch of the broker is not registered in Poland and cannot provide services to Polish clients.

AvaTrade Regulations

AvaTrade operates eight different entities around the world:

  • Ava Trade EU Ltd – authorised and regulated by tier 2 regulator, the Central Bank of Ireland (CBI).
  • Ava Trade Markets Ltd – authorised and regulated by tier 3 regulator the British Virgin Islands Financial Services Commission (BVI. FSC).
  • Ava Capital Markets Australia Pty Ltd – authorised and regulated by tier 1 regulator, the Australian Securities and Investments Commission (ASIC).
  • Ava Capital Markets Pty Ltd – authorised and regulated by tier 2 regulator, the South Africa Financial Sector Conduct Authority (FSCA).
  • Ava Trade Japan K.K – authorised and regulated by tier 1 regulator, the Japan Financial Services Agency (FSA).
  • Ava Trade Middle East Ltd – authorised and regulated by tier 2 regulator, the Abu Dhabi Financial Services Regulatory Authority (FSRA).
  • ATrade Ltd – authorised and regulated by tier 2 regulator, the Israel Securities Authority (ISA).
  • DT Direct Investment Hub Ltd – authorised and regulated by tier 1 regulator, the Cyprus Securities and Investments Commission (CySEC).
Regulator Segregated Funds Compensation Scheme
AvaTrade EU Ltd CBI Yes Yes, ICCL
AvaTrade Markets Ltd BVI FSC Yes No
Ava Capital Markets Pty Ltd ASIC Yes No
Ava Capital Markets Pty FSCA Yes No
AvaTrade Japan K.K. FSA Yes No
AvaTrade Middle East Ltd FRSA Yes No
ATrade Ltd ISA Yes No
DT Direct Investment Ltd CySEC Yes No

*Regulations up to date as of 25 November 2021 from AvaTrade Regulations.

 It is a regulatory requirement for brokers regulated in Europe and Australia to segregate client funds from their own and to provide a negative balance protection policy so you can’t lose more than you deposit.

AvaTrade goes one step further and provides these protections for all of its entities regulated around the world. This is a step that is above the industry average which is great to see.

Although, traders classed as professionals will not receive a negative balance protection policy.

We have confirmed each of the licences and regulations in the relevant jurisdictions as these can be viewed on the regulator’s online register.

For example, below is the confirmation that the Ava Trade EU Ltd entity is authorised and regulated by the Central Bank of Ireland.

Ava Trade EU Ltd authorisation and regulation from Central Bank of Ireland, 25 November 2021.

Fees

4.4
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

See More

AvaTrade’s trading fees for Forex and commodities are competitive and better than the industry average. Fees for stocks and stock indices were less competitive compared to the industry average. However, we found the inactivity fee to be very high.

There are a variety of different fees to look at when choosing a broker.

  • Trading fees are those associated with buying and selling a financial instrument and include:
    • Commission – The cost to enter and exit a trade.
    • Spread – The cost between the buy price and sell price
    • Overnight swap fee – The cost of holding a leveraged position overnight.
    • Conversion fees – The cost to convert your base currency into the currency of the asset you are trading, if it is different.
  • Non-trading fees are charges that are not related to buying and selling a financial instrument and include:
    • Deposit and withdrawal fees (discussed further down this review)
    • Inactivity fees – The cost to have a trading account opened with zero activity on it.

AvaTrade Trading Fees

In our live trading test for fees, we used the commission-free, retail CFD trading account from the Ava Trade EU Ltd operating entity. This account only has spreads and overnight trading fees.

We viewed the live spread for Forex, indices and commodities at two different times of the day – around 8 am and 2 pm London time on 26 November 2021 and at 2.45 pm London which is just after the US stock market has opened. These times generally cover the most active sessions of the day.

What did we find? AvaTrade’s spreads for Forex and commodities are competitive while the spreads for indices and stocks are less competitive when compared to the industry average.

Instrument London AM Spread London PM Spread
EURUSD 0.9 0.9
GBPJPY 2.5 2.5
Gold 0.34 0.34
WTI Oil 0.03 0.03
DAX 40 2.0 2.0
Dow 30 6.0 5.0
Apple 0.0 (not open) 0.33
Tesla 0.0 (not open) 1.98

The overnight swap fees were also in line with the industry average. This fee is important for long-term traders, as overnight fees can add up if you are holding trades for a long period of time.

Are AvaTrade Trading Fees Good?

Overall AvaTrade scored fairly well in this category. The fees for trading Forex and commodities are the most competitive and better than the industry average.

The fees for stock indices and individual stocks are less competitive compared to the industry average. For example, the spread for the DAX40 index came in at 2 points which is average. A spread of 1 point and below would be better than the industry average.

However, the fees for stock indices and individual stocks are still competitive when you take into consideration there is no additional commission to buy and sell. Some brokers will advertise a low spread but may also have another commission to buy and sell.

AvaTrade Non-Trading Fees

Some brokers impose an inactivity fee on trading accounts if there is no activity on your account, such as the buying and selling of an instrument, deposits and withdrawals, for a certain period of time.

With AvaTrade, you will be charged an inactivity fee of 50 EUR/GBP/USD if there is no trading activity for 3 months.

If there is no trading activity after 12 consecutive months you will be charged 100 EUR/GBP/USD.

The 3-month timeframe imposed and the fee amount are well above the industry average and are considered to be high.

Platforms and Tools

4.8
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

See More

The AvaTrade trading platforms are mainly geared towards advanced traders and require a learning curve. However, the AvaTradeGo mobile trading app is simple to use, easy to navigate and great for beginners.

AvaTrade provides the ability to trade on the MetaTrader suite of trading platforms. These are considered to be the most popular trading platforms in the world. Many brokers offer these platforms to their clients. With AvaTrade, you can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web and mobile.

Beginner traders will be best off using the AvaTradeGo mobile trading app. It is simple to use, easy to navigate and has good inbuilt technical tools and features. The AvaSocial mobile app is also great if you’re interested in social trading and copying the trades of other traders.

AvaTrade UK operates an in-house dealing desk model which means they make the market in which you trade. While this type of dealing has a bad reputation, all UK spread betting providers will operate this model. Some brokers will also offer a Direct Market Access solution but this will mainly be for professionals.

AvaTrade Desktop/Web Platform

The AvaTrade Web platform is simple to use, easy to navigate and the fastest way to trade for beginners. Advanced traders can also use the MetaTrader 4 and MetaTrader 5 platforms for desktop and web but beginner traders will have a learning curve to use them.

For our live testing, we used the AvaTrade Web platform. When you log in to your account you are immediately redirected to the platform.

Charts

The AvaTrade Web platform has clean and responsive charts. You can access 3 chart types including Bars, Candles and Line charts. There are also 10 different timeframes you can use to view charts and you can access nearly 100 technical trading indicators.

Below is a screenshot of the AvaTrade Web platform:

AvaTrade Web Platform

Orders

You can access a variety of order types from the AvaTrade web 5 platform. Market orders will open a trade at whatever the current market price is. Pending orders allow you to set an order at a specific price level so when the market price gets to your order level it will open your trade.

Unfortunately, you can’t set any alerts on the web platform.

General Ease of Use

The web platform is simple to use, easy to navigate and great for beginner traders. Everything is laid out clearly and you can access all the different markets, view your positions, access charts and indicators and manage your whole account from the web platform.

The web platform is mainly designed to be able to trade the market as quickly and simply as possible.

Other Features

Most of the advanced features are not on the web platform and advanced traders may find it to be limiting. However, you can also access the MetaTrader 4 or MetaTrader 5 trading platforms for algorithmic trading, customised indicators and more charting capabilities such as viewing multiple charts at once.

AvaTradeGo Mobile App

The AvaTradeGo mobile app is packed with a lot of different features. Not only is it simple to use and easy to navigate but you can access trading ideas, market news and analyst views from the app. However, there is a lack of technical and drawing indicators.

AvaTrade offers several mobile apps. AvaTradeGo to trade Forex and CFDs, AvaTrade Options for options trading and AvaSocial for copy trading.

Devices

You can download the AvaTradeGo mobile app for both Android and iOS devices directly from the app store. In our test, we downloaded the AvaTradeGo mobile app for iOS.

Charts

The charts in the mobile app are very clean and responsive. You can view a good range of different timeframes and chart types. There is also a sentiment indicator showing how many traders are buyers or sellers.

However, technical analysis is limited as there is no capability to access technical indicators or drawing tools.

Below are some screenshots of the AvaTradeGo mobile app for iOS devices:

AvaTradeGo Mobile App for iOS

Orders

The mobile app allows you to place pending trades or enter live at the market. Unfortunately, you cannot add expiries or set alerts.

General Ease of Use

The AvaTradeGo mobile app is simple to use with a clear interface to navigate between the different sections of the app. The icons at the bottom of the app can direct you to the following screens: Home, Search, Balance, Trades and Settings.

The settings tab allows you to manage your different trading accounts, as well as access additional features such as educational videos, an economic calendar, analyst views and trading ideas provided by third-party analytical company Trading Central.

The search tab allows you to search for all the different assets available to trade on from the app. You can learn more about each of the instruments by clicking on the ‘instrument details’ at the bottom of the screen which will show the trading hours, margin, spread and overnight swap fees.

The charts are easy to navigate and the sentiment indicator is a useful feature.

Other Features

From the mobile app, you can access a unique risk management tool called AvaProtect. This tool helps to protect you from adverse moves in the market. AvaTrade will reimburse you for losing trades at the end of the protected period.

There is a fee to pay for this service which differs on each instrument and trade. But it is a very useful feature in managing your trading account.

Tradable Instruments

4.7
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

See More

You can trade on more than 1,250+ financial instruments covering Forex, stocks, commodities, indices, bonds, ETFs, cryptocurrencies and FX options.

The range of instruments available is great for beginner and advanced traders and is above the industry average.

Having a good range of instruments to trade on is key to successful trading as it enables you to follow market themes across different asset classes.

What are CFDs?

CFDs, or Contracts for Difference, is a derivative product that allows you to speculate on the price direction of a financial instrument allowing you to profit from rising and falling markets. You can also trade on margin which means you can control a large position with a smaller deposit, amplifying both gains and losses.

What Can You Trade with AvaTrade?

With the AvaTrade you can trade on:

  • 700+ stocks
    • All major stock exchanges including NYSE, Nasdaq, LSE
  • 60 ETFs
    • Covering global regions, sectors and themes
  • 55 Forex CFD pairs
    • Major, minor and exotic
  • 43 Forex options
    • Major, minor and exotic
  • 33 indices
    • Global stock indices
  • 27 commodities
    • Metal, energy and softs
  • 20 cryptocurrencies
    • Major and altcoins
  • 2 bonds
    • European and Japan

Below is a list of just some of the available markets for trading:

Forex Indices
EURUSD | GBPJPY | AUDNZD | CADCHF | NZDJPY | USDZAR | EURJPY CAC40 | US_2000 | US_30 | CHINA A50 | AEX | CANNABIS INDEX | FAANG INDEX
Commodities ETFs
Cocoa | Gold | Silver | Corn | Heating Oil | Wheat | Brent Oil MSCI Brazil Index Fund | ProShares Ultrapro QQQ | India Earnings Fund
Crypto Bonds
Bitcoin | Ethereum | Chainlink | Uniswap | Solana Euro Bund | Japan Govt. Bond

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

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

Customer Support

4.7
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

See More

AvaTrade scored highly in this category with good customer support which is available in a variety of languages, through phone, live chat or email Sunday evening to Friday evening 24 hours a day.

You can access customer support via live chat, phone and email in a variety of languages which includes English, German, French, Spanish, Dutch, Malaysian, Chinese, Arabic and many others.

Customer support is available from Sunday 9 pm GMT to Friday 9 pm GMT, 24 hours a day. You can access customer support via live chat, telephone or email.

Why is customer support important? If you need help with your platform, or question a trade execution or have any administration issues you want to know that you can contact your broker as fast as possible when you want!

AvaTrade Customer Support Test

In our customer support live test, we contacted the broker via telephone and live chat. We were connected by live agents very quickly. The agents were knowledgeable and helpful when responding to technical questions regarding their platform, fees and regulation.

AvaTrade Live Chat Support Test Transcript

The live chat first uses a bot to help you with your question. You can connect to an agent in just a few seconds by typing ‘chat with agent.’ The agent was very helpful and responsive.

We also phoned the UK telephone number on the contact us page and were connected to a live agent within 20 seconds which is very fast. The live agent on the phone was also very helpful and knowledgeable.

The accessibility and quality of AvaTrade’s customer support is above the industry average and is why they scored near-maximum points in this category.

Deposit and Withdrawal

4.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

See More

With AvaTrade you can deposit and withdraw funds fee-free. However, European clients are restricted to just bank transfers and cards, while other regions can access e-wallet payments. The minimum deposit via bank transfer is 500 units of currency which is higher than the industry average.

Deposit and withdrawal methods include bank wire transfer, debit/credit cards and e-wallets such as Neteller, WebMoney and Skrill.

You can deposit funds in a variety of currencies including USD, EUR, GBP, AUD and CHF, depending on your region.

Unfortunately, European clients can only deposit and withdraw funds using bank wire transfers or credit/debit cards. Deposits via bank transfers have a minimum of 500 units of currency ($500, £500, etc). This is lower than the average of what the industry provides.

AvaTrade Deposit Methods

With AvaTrade you can deposit funds fee-free using a variety of methods. The full range of methods are highlighted in the client portal area.

Deposit Method Region Fee Minimum Processing Time
Bank wire transfer All Zero 500.00 Up to 7 days
Credit card All excluding Canada Zero 100.00 Up to 1 day
Debit card All Zero 100.00 Up to 1 day
Neteller All, excluding Europe & Australia Zero 100.00 Within 24 hours
Skrill All, excluding Europe & Australia Zero 100.00 Within 24 hours
WebMoney All, excluding Europe & Australia Zero 100.00 Within 24 hours

* For all available deposit options refer to the broker’s Deposits & Withdrawals page.

AvaTrade Withdrawal Methods

You can also withdraw your funds fee-free but can only withdraw back to the payment method used for depositing. 100% of the deposit transaction must be withdrawn to your credit/debit card and then you can use other payments after this.

Withdrawal Method Region Fee Minimum Processing Time
Bank wire transfer All Zero 100.00 Up to 10 days
Credit card All excluding Canada Zero 1.00 Up to 5 days
Debit card All Zero 1.00 Up to 5 day
Neteller All, excluding Europe & Australia Zero 1.00 1 day
Skrill All, excluding Europe & Australia Zero 1.00 1 day
WebMoney All, excluding Europe & Australia Zero 1.00 1 day

* For all available deposit options refer to the broker’s Deposits & Withdrawals page.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

See More

AvaTrade offers a variety of accounts suitable for beginner and advanced traders. This includes CFD, Spread Betting, Professional, Islamic and Options Accounts. Opening an account was fast and simple as everything is done digitally.

The range of account types offered by AvaTrade is higher than the industry average. For example, only very few retail CFD brokers will offer access to an account to trade Forex Options which is a product mainly geared towards professionals.

The CFD, Spread Betting and Professional Account are commission-free with just spreads and swaps (overnight fees) payable on a trade. The Islamic account is also commission-free with just spreads payable and no overnight fees.

For our live test, we managed to open an account in just a few minutes. Once you have opened an account you receive access to the client portal area which is a great feature as you can manage everything from this one place.

AvaTrade does not accept clients from the United States and certain other countries, such as Iran, Syria and North Korea.

Why is Choosing the Right Account Type Important?

Choosing the right account type is important as it will impact nearly every aspect of your trading. Different accounts may have different fees, instruments, minimum deposits, platforms, etc. so choosing the right one for your own needs is important.

What Account Types does AvaTrade Offer?

AvaTrade offers the following accounts with some of the features highlighted below:

  • Retail Account – This includes access to CFD trading and Spread Betting (UK only).
  • Professional Account – This includes access to CFD trading and Spread Betting (UK only) but with the ability to access higher leverage (if you meet certain regulatory criteria).
  • Standard Account – This refers to CFD accounts opened with AvaTrade’s entities outside of Europe.
  • Islamic Account – This is a swap-free account where there are no overnight charges to comply with Sharia law.
  • Options Account – This refers to an account to trade Forex options.

All accounts are commission-free and require a minimum deposit of just $100. However, the Options Account will charge a premium and a spread when trading which is standard across the industry.

Beginner traders will enjoy easy access to trade the markets from the Retail account if in Europe or the Standard account if outside of Europe.

One of the main differences between the accounts and the AvaTrade entities is the access to leverage you have. Retail traders in Europe can access a maximum of 30:1 leverage due to regulatory restrictions, whereas Professionals can access up to 400:1 leverage. Outside of Europe, all traders can access higher leverage.

Why is an AvaTrade Demo Account Important?

With AvaTrade you can open a free demo trading account. Why is this important? A demo account allows you to practice your trading ideas and get comfortable on the trading platform with zero risk as you simply trade in a virtual environment.

It’s a great way to test all of the tools the broker provides you and get comfortable with the platform and different markets (stocks, currencies, indices, etc). When you are comfortable trading on an AvaTrade demo account it is easy to transition to a live account with real money.

What is CFD Leverage?

CFD, or Contracts for Difference, trading allows you to open a large position with a smaller deposit. For example, a 30:1 trading leverage means you can have $30,000 exposure with only a $1,000 investment. A 500:1 trading leverage means you can have a $500,000 exposure with only a $1,000 investment.

Leverage is a double-edged sword as it can amplify your winning and losing trades. This is one reason regulators such as CySEC, ASIC and the FCA cut the leverage brokers can offer retail traders – to make it safer for beginners.

How to Open an Account with AvaTrade

In our testing, we opened a Retail Account with AvaTrade’s European entity. It was a simple process, with everything completed online in less than 4 minutes.

All regulated brokers will need to verify your identity and address for Anti-Money Laundering rules. For verification, you need to submit proof of identity and proof of address documentation. This can include a driver’s licence or passport and a utility or bank statement.

Here is the step by step process we used to open an account with AvaTrade.

  • Step 1: Fill in a registration form that asks for name, address, trading experience, trading knowledge (a test with trading questions) and password.
  • Step 2: From the application form, choose the platform you want to trade from (MetaTrader 4, MetaTrader 5, AvaOptions) and the base currency of your account (USD, EUR, GBP, CHF).
  • Step 3: Submit ID and verification documents and wait to be fully verified which in our test was done in under 24 hours.
  • Step 4: Once verified you can deposit funds and start trading.

From the AvaTrade client portal area, you can upload your documents, access your trading accounts, access platform downloads and deposit/withdrawal options.

AvaTrade Client Portal Area

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

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

See More

AvaTrade provides a weekly market technical analysis webinar and regular market update videos on its YouTube page. There is a blog with news but not much research. Funded account holders can also access third-party research from Trading Central. AvaTrade scored well in this category as they provide research in a range of different ways that is slightly above the industry average.

You can access regular market updates through the AvaTrade YouTube channel. The inhouse market analyst records these videos which cover a wide range of different topics.

AvaTrade YouTube Channel

From the AvaTrade web platform, you can also access more research from third-party provider Trading Central, an investment analytics company.

From here, you can access a customisable economic calendar, analyst views and featured ideas for real-time actionable trading ideas.

AvaTrade Web Platform Economic Calendar

The research tools provided are great for beginner and advanced traders. Beginners will enjoy the regular market update videos, while advanced traders will enjoy the third-party analytical tools provided by Trading Central. However, this is only available to funded account holders.

Education

4.4
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

See More

AvaTrade provides a great range of video tutorials covering topics suitable for beginner and advanced traders. There is also a large database of articles covering technical analysis indicators and strategies that are well written with images.

With AvaTrade, you can access a wide range of educational materials through articles and videos. From our review, these are high quality and informative. The videos cover a wide range of topics and are several minutes in length.

The written articles are detailed and cover important topics which are explained well, using diagrams. 

AvaTrade Education Video

The materials are mainly focused on beginner traders. However, advanced traders will enjoy the education materials regarding AvaOptions and how the options market works. Overall, the offering is better than the industry average.

The Bottom Line

If you are looking for a fast, easy and safe way to trade on more than 1,250 financial markets from a globally regulated broker then AvaTrade could be for you. While the offering is focused on beginner traders, there is plenty for advanced traders to enjoy.

The range of account types gives a lot of good options for beginner and advanced traders. The commission-free trading accounts are aimed at beginners while access to options trading accounts are aimed at advanced traders.

While the trading platforms offered, MetaTrader 4 and MetaTrader 5 are geared towards advanced traders, the AvaTrade Web Platform is easy to access and simple to navigate, as is the AvaTradeGo mobile app.

With a wealth of research and education available, along with fast and helpful customer support, AvaTrade is worthwhile considering.

FAQ

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

Is AvaTrade safe?
Yes as they are regulated by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM.

How does AvaTrade make money?
AvaTrade makes money through its trading fees such as spreads, commissions and swaps on certain trading accounts and platforms.

Is AvaTrade good for beginners?
Yes, beginner traders will find a lot of resources and help to support them.

How do I deposit in a AvaTrade account?
You can deposit funds via bank wire transfer, debit/credit card and e-wallets if outside of Europe and Australia.

What is the min. deposit for AvaTrade?
The minimum deposit for AvaTrade is 100 USD/EUR/GBP/CHF/AUD.

How do I withdraw money from AvaTrade?
You can withdraw funds via bank wire transfer and credit card if in Europe and Australia and by these methods and e-wallets elsewhere.

How long does it take to withdraw money from AvaTrade?
Bank transfers can take up to 10 working days, credit/debit cards up to 5 working days and e-wallets can take up to 1 day.

What is the max leverage in AvaTrade?
For AvaTrade entities in Europe and Australia the maximum leverage for retail clients is 30:1 and 400:1 for professionals.

How do I open an account with AvaTrade?
You can open an account with AvaTrade by clicking on the Register Now tab on the broker’s homepage.

What platforms does AvaTrade offer?
MetaTrader 4, MetaTrader 5, AvaTrade Web, AvaTradeGo Mobile.

Does AvaTrade offer a demo account?
Yes.

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
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Bonds, Futures, Options, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
icon

Trade With A Regulated Broker

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMERS
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.