AvaTrade Broker Review 2024

1. What is AvaTrade?
2. AvaTrade Pros and Cons
3. Awards
4. Safe or a Scam?
5. Leverage
6. Account Types
7. Market Instruments
8. Fees
9. Spreads
10. Deposits and Withdrawals
11. Trading Platforms
12. Customer Support
13. Education
14. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about AvaTrade.

What is AvaTrade?

AvaTrade is one of the leading and very wide presented Forex Trading Brokers with over 200,000 trusting clients worldwide – Regulated on 6 continents. Forex broker provides customers with sophisticated trading solutions, regardless of user knowledge or experience AvaTrade conditions are suitable for everyone. Overall AvaTrade App popular among traders due to its harmonious trading proposal as Broker offers a range from Forex pairs and CFD trading to Cryptocurrencies.

We also find broker as one of the leading global Forex brokers due to its selection of trading platforms, tools and trading instruments, available across almost all the world and constant offering development. As one of the resent improvements AvaTrade launched AvaFutures for Real Futures Trading provided in collaboration with CME USA Regulated Exchange and is available via www.avafutures.com

What Type of Broker is AvaTrade?

Our review found that AvaTrade is operating  as Market Maker broker since the company establishes quite large trading volumes and is present for a long time, simply it means Broker has its own in-house dealing desk. While generally, AvaTrade execute trades on STP and OTC models that also uses high technology for order executions. i.e., quotes received from the interbank and connected to the market itself.

Where is AvaTrade Based?

AvaTrade is headquartered in Dublin, Ireland. We are confirmed that the broker also runs satellite offices throughout Europe and the Asia-pacific region and is registered with multiple jurisdictions globally so its proposal available mostly worldwide including AvaTrade Japan, AvaTrade Canada, Europe, Africa and MENA Regions, Australia and internationally too, though there are some inclusion alike in USA AvaTrade is not available.

AvaTrade Pros and Cons

Based on our Expert findings, we fact that AvaTrade is a heavily regulated Broker with an excellent reputation. The account opening is easy, there is a great range of trading tools and user-friendly software, also many ways to deposit and withdraw funds. What we also like is AvaTrade high-tech access to an expanded range of instruments and multiple platforms either for manual, algorithmic, or social trading. Also note constant development and recent adding of Real Fuftures trading provided by AvaFutures. So the Brokers conditions are indeed suitable for wide range of traders either geographically or based on the trading style.

For the Cons, there are not so many in our expert opinion, just as proposals vary according to the entity, there is no 24/7 support, and trading instruments are limited to Forex and CFDs.

Overall AvaTrade Ranking

Based on our Expert findings, AvaTrade is considered a reputable broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, AvaTrade covers almost the globe, so traders from various countries can sign in, also with the lowest spreads.

• AvaTrade Overall Ranking is 9.3 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

AvaTrade Alternative Brokers

We learned that AvaTrade offers a range of trading instruments, good trading conditions, and also low trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to AvaTrade:

• XM – Wide Range of Trading Opportunities
• Pepperstone – Low Spreads and Competitive Trading Conditions
• FXTM – Good for Beginners and Good Fees

Awards

Within a few short years since its launch in 2006, AvaTrade has expanded enormously, while Ava global customers execute more than two million trades a month on over 250 instruments which shows great size and expansion company runs.

For this it’s not a wonder that Ava has earned numerous industry awards in years of its successful activity, in addition to wide support programs launched by Ava and numerous partnerships Broker supports like being global partner of Aramco etc, AvaTrade (previously known as Ava FX) was rewarded for its excellent service and the trading technology. All is all, that confirms brokers’ strong and reputable position in the industry, which we will see why it is further in our AvaTrade Review.

Is AvaTrade Safe or Scam?

No, AvaTrade is not a scam, with our research and check we considered Broker a secure broker to trade. AvaTrade is legit and indeed heavily regulated by various top financial authorities, might be even one of the most heavily authorized Broker worldwide. AvaTrade Licenses including ASIC (Learn about ASIC Regulated Blueberry Markets), and CySEC, and licensed by the Central Bank of Ireland. Thus, we came to the conclusion that it is secure and low-risk to trade Forex and CFD with AvaTrade.

Is AvaTrade legit?

Yes, AvaTrade is a fully legit and regulated broker in each jurisdiction, as holds necessary licenses and regulatory obligations apart from its main establishment standards regulated by Ireland. This information you may check on the official AvaTrade website, as well as through the authority website. Also, you may find the links of the licenses provided in AvaTrade Review, and definitely should always verify their true state.

• In addition, AvaTrade is heavily regulated and obliges internationally recognized laws that keep brokers’ reliability at a certain level of trust, and is considered to be a safe broker to trade with.

See our conclusion on AvaTrade Reliability:

• Our Ranked AvaTrade Trust Score is 9 out of 10 for good reputation and service over the years, also reliable top-tier licenses, and serving regulated entities in each region it operates. The only point is International trading available via the offshore entity.

How Are You Protected?

Based on our research, we found out that the set of regulatory requirements enables protection to the clients but varies due to the regulatory rules particular jurisdiction impose, so some regions are more strict regulated while other less. Typically Trading protective measures includes:

• Funds segregation, i.e., all client funds are held separately from the firm funds with international banks under encryption.
• Security of the traders’ accounts with Investor Protection amount and Compensation Schemes in case the broker goes bankrupt, which is slightly different in each jurisdiction.
• As well as fully audited trading procedures that are strictly checked by the authority on a daily basis in addition to negative balance protection.

Leverage

Leverage is a quite known instrument in Forex Trading, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that higher leverage can work in reverse too. We learned that at AvaTrade leverage varies depending on your jurisdiction, as well as the asset class you are trading.

Risk Level

The risk level is defined by several factors, including general risks trading or investment involves, yet the main risks are always stand on the company you trade with either it is reliable or not and of course leverage dramatically increases your risk.

With our Expert research we found AvaTrade risks are based on entity you trade as being regulated broker AvaTrade complies with different regulatory obligations according to the set of rules established by the particular authority.

• The maximum leverage level for European clients is 1:30
• Australian clients entitled for 1:30 due to recent updates
• International traders may use high leverage until 1:400

Account Types

We found out that AvaTrade offers a single Standard account, besides traders can specify a corporate account or Swap free Islamic account, and also a Avatrade Demo account is available to test brokers’ environment. The broker offers a Retail account, which is basically the same as the standard one but is mainly for traders living in Europe.

A professional trader with relevant experience and proof may be entitled to a Professional account where additional benefits are offered. AvaTrade also offers a  MAM account which is the perfect environment for money management and running multiple accounts. See some of our notes about AvaTrade accounts below:

How to Trade in AvaTrade?

Starting to trade with AvaTrade, you will first need to open an account follow with AvaTrade Login and deposit funds. The process is simple and can be done entirely online. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we see AvaTrade offers a user-friendly platform with all the tools and resources you need to trade successfully.

How to Open AvaTrade Live Account?

Opening an account with AvaTrade is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:

• Select and Click on the AvaTrade Sign-In page. You may also sign up with an existing account on Facebook or Google.
• Enter the required personal data (Name, email, etc.)
• Verify your personal data. The broker may ask a residential proof, utility bill, etc.
• Complete the electronic quiz to confirm your selection of an account and your experience
• If applicable request an Islamic account opening
• Once your account is activated and proven, follow with the money deposit.

Trading Instruments

We found AvaTrade offers comprehensive range of instrument with more than 250 trading instruments on various platforms, including more than 60 currency pairs, FX Pairs, major Stock Indices, Cryptocurrencies, Commodities (such as gold, silver, sugar, and coffee), Bonds, Individual Shares, and ETFs.

Also, Futures trading is now available through the separated website and offering provided by AvaTrade known as AvaFutures and is established with Direct access to Futures using CME Group in Chicago one of the largest Futures and Options Exchanges (Read about CME here)

• AvaTrade Markets Range Score is 8.5 out of 10 for wide trading instrument selection among Forex, Stocks, Commodities, Cryptos, and more. Yet is not consistent of thousands instrument like other brokers provide. However, good point is quality of AvaTrade products inlcudingaddion of Real Futures.

Can I Trade Crypto with AvaTrade?

Yes, we found AvaTrade offers to work on and trade Cryptocurrency pairs with Bitcoin trading, Ethereum, Ripple, Dash, Litecoin, Monero, NEO, IOTA, Zcash, Qtum, and more. Cryptocurrency trade is supported by both MT4 Platform and AvaTrade GO and can be used with quite competitive spreads, no commission charges, leverage up to 20:1, and the ability to start trading with as little as $100.

AvaTrade Fees

As per our research and analysis all trading transactions performed on AvaTrade platforms are subject to trading charges that consist of Spreads and Overnight fees mainly. AvaTrade fees are consistent with the CFD spread as the main fee or commissions if applicable, while total fees are defined by additional fees like conversion fees while you hold an account in a different base currency. And lastly inactivity or non-trading fees charging 50$ for being not active for 3 consecutive months..

• AvaTrade Fees are ranked good with an overall rating of 8.2 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, AvaTrade overall fees are considered good.

Spreads

Generally, AvaTrade spreads we mark as average fees or even low spreads compared to similar proposals and broker’s competitors. However, always note fees are presented as an indication only and may widen to volatile conditions, especially Cryptocurrency spreads that depend on current market conditions.

AvaTrade does not charge any commissions, as all fees are built into a spread, like typical USD EUR 0.9 pips which is a difference between the bid and ask price.

• AvaTrade Spreads are ranked low with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 0.9 pips for USD EUR, and spreads for other instruments are very attractive too.

Deposits and Withdrawals

Great number of payment methods to fund the trading account at AvaTrade allows you to transfer funds quickly as we confirmed you may use of Visa/MasterCard, Skrill, PayPal, Neteller, Wire Transfers, Perfect Money, and Boleto Bancário.

Being able to access your funds seamlesly and fund account with an initial deposit through a bank account or method you choose is another core of AvaTrade trading Pros we mark. And while choosing a broker you should consider that point too, as money management should be on highest level provided, and here AvaTrade stands on good point too.

• AvaTrade Funding Methods we ranked good with an overall rating of 8.5 out of 10. The minimum deposit is among average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity.

Here are some good and negative points for AvaTrade funding methods found:

Deposit Options

In terms of funding methods, AvaTrade offers numerous payment methods which is a very good plus which includes PayPal,  wallets, Card, Bank trasfers etc, yet check according to its regulation whether the method is available or not.

AvaTrade Minimum deposit

AvaTrade minimum deposit is 100$, or for EUR account – €100, GBP account – £100, AUD account – AUD $100. Yet, as we found previously there were some minimum sets by the payment method you use, but it solely depend on the enity you trade, so good to refere to support center, alike Credit Cards or Debit Cards is $250, or $500 by Bank wire transfer.

AvaTrade minimum deposit vs other brokers

AvaTrade Withdrawals

AvaTrade does not charge any internal fees for deposits or withdrawals, and also includes a wide selection of payment methods. AvaTrade typically processes withdrawal requests within 24-48 hours. Also due to regulations and international transfer laws, it may take additional days to receive the payment. For instance, you may also check out and compare AvaTrade fees to Pepperstone.

How Withdraw Money from AvaTrade Step by Step:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

Based on our Expert research, we highly mark AvaTrade for truly wide selection of platforms and trading tools offered, available through the Web, Desktop, and Mobile Apps.

• AvaTrade Platform is ranked Excellent with an overall rating of 9.5 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in the industry, and a great range including AVATrade MT4, and MT5, Proprietary software, Options Trading etc suitable for professional or beginning trading. Also, all are provided with good research and excellent tools.

Web Trading Platform

As part of its commitment to empowering traders, AvaTrade caters to every type or level while each of its platforms provides an option to trade manually or automatically on a variety of financial instruments. Also, UK clients may request spread betting opportunities.

Based on our research we learned that WebTrader as an innovative platform is a great option for beginning traders and advanced traders, as it features an intuitive interface and great design simple to use or understand.

Mobile Trading Platform

We review mobile app which AvaTrade absolutely proud of is AvaTradeGO, which is simple to use and offers a wide circle of tools at the same time. The App features a friendly dashboard with advanced tools and step-by-step guidance for trades opening, activity feedback, and support.

As well, the platform allows the management of multiple MT4 accounts or switches between demo, real and variable spreads accounts.

Desktop Platform

It is still an option to use at AvaTrade desktop Platform which is an industry-leading software very common, and very powerful, yet allows flexible trading with a full capacity of auto or robot trading. You also can switch to MT4/MT5 variable spreads that offer the trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or choose the fixed spread. Check the fixed spread brokers list.

• In addition, AvaTrade offers a few platforms to access auto trading which include AvaSocial DupliTrade, another successful social trading platform suited for AvaTrade CopyTrading with MT4 floating spreads.
• We noticed that the broker offers also ZuluTrade which is one of the most popular auto-trading software , so indeed even in social or auto trading traders of AvaTrade having choice to choose from

Customer Support

We learned that AvaTrade provides 24-hour live support available through live chat, email, and phone. In addition, customer services are available in more than 14 languages. Eventually, AvaTrade offers some of the greatest quality support with fast and reliable answers and a huge range of free-of-charge lines worldwide.

• Customer Support in AvaTrade is ranked Excellent with an overall rating of 9.3 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers, also quite easy to reach during the working days with wide range of methods to contact supported.

See our find and ranking on Customer Service Quality:

AvaTrade Education

As of our Expert research Broker provides well-developed AvaTrade Education Center with rich collection of educational materials including articles, eBooks, and videos defined by levels. The broker covers all aspects of trading for beginners and intermediate traders so is well developed and suitable for various need. Besides we mark very high quality research materials provided and tools inbuilts in platforms including Calculators, News, Research, Trading Ideas etc.

The education center constantly develops and features both Forex and CFDs trading information with live webinars, technical analysis, educational tools, and much more. AvaTrade education was ranked numerous times as Best Educational Broker, which is quite rightfully gained.

• AvaTrade Education ranked with an overall rating of 9 out of 10 based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data, which makes Avarade one of the shortlisted brokers with great education provided.

AvaTrade Review Conclusion

Concluding the AvaTrade review, we admit a safe broker to trade with reliable trading solutions and one of broker with large number of regulations covered worldwide including gmost respected TOp-Tier regulations. AvaTrade provides expanded trading strategies and a certain way of dealing with markets and clients that gained a reliable and respected reputation and is highly regarded by traders.

We conclude AvaTrade’s great flexibility and very large offering to choose from in terms of platforms, currency pairs, and a number of provided solutions which is another key advantage to its positive side. The broker offers competitive costs and excellent education material suitable for traders of different levels all provided with lower than industry spreads.

Based on Our findings and Financial Expert Opinions AvaTrade is Good for:

• Traders from Europe, Australia,  Africa
• International Trading
• Beginners
• Advanced traders
• Real Futures Trading
• Traders who prefer MT4/MT5 platforms
• Algorithmic or API traders
• Copy trading
• Social Trading ZuluTrade
• Currency and CFD trading
• Variety of trading strategies
• Low Spread Trading
• Scalping and hedging 
• Good customer support
• Excellent educational and research materials