AvaTrade Review

AvaTrade

AvaTrade

www.avatrade.com

  • Leverage: 1:30 | 1:400

  • Regulation: Bank of Ireland, ASIC, JFSA, FSCA

  • Min. Deposit: 100 US$

  • HQ: Dublin, Ireland

  • Platforms: MT4, AvatradeGo

  • Found in: 2006

AvaTrade Licenses

  • AvaTrade EU Ltd - authorized by Central Bank of Ireland registration no. C53877
  • Ava Capital Markets Australia Pty Ltd - authorized by ASIC (Australia) registration no.  406684; regulated by the South African Financial Sector Conduct Authority FSCA No.45984
  • AvaTrade Japan K.K. - authorized by FSA (Japan) registration no. 1662 and the FFAJ no. 1574
  • Ava Trade Middle East Ltd - authorized by FRSA (Abu Dhabi Global Markets (ADGM)) registration No.190018
  • AVATrade Ltd - authorized by B.V.I Financial Services Commission

Top 3 Forex Brokers

  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. Research
  15. Conclusion

What is AvaTrade?

AvaTrade is one of the leading, globally presented broker with over than 200,000 trusting clients worldwide. A regulated on 5 continents forex broker that providing customers with sophisticated trading solutions, regardless of user knowledge or experience, by bringing the possibility to enter the market trade through numerous, adaptable platforms, tools and options.

Ava also is a multi-national company, which headquarters in Dublin, Ireland but operating regional offices. These including entities in Paris, Dublin, Milan, Madrid, Tokyo, Beijing and Sydney, as well in South Africa, Chile, Mongolia, Nigeria and newly established UAE brokerage.

AvaTrade Pros and Cons

AvaTrade is a heavily regulated Broker with excellent reputation. The account opening is easy, there are 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 the instrument and multiple platforms either for manual, algorithmic or social trading.

On the negative side proposal vary according to the entity, there is no 24/7 support, trading instruments are limited to Forex and CFDs.

AvaTrade Review

What Type of Broker is AvaTrade?

AvaTrade is a broker that offers range from Forex pairs, CFD trading to Cryptocurrencies available to trade with no restrictions on short selling or scalping. Generally, AvaTrade is an STP and OTC broker that also uses high-technology for order executions, means quotes received from interbank and connected to the market itself.

10 Points Summary
🏢 HeadquartersDublin, Ireland
🗺️ RegulationBank of Ireland, ASIC, JFSA, FSCA
🖥 PlatformsMT4, AvatradeGo
📉 Instruments250 instruments ranging from FX pairs to Vanilla options, CFDs on Commodities, Stocks, Indices, ETFs, Bonds and Cryptocurrencies
💰 EUR/USD Spread1.3 pips
🎮 Demo AccountYes
💳 Minimum deposit100 US$
💰 Base currencies5 base currencies
📚 EducationSuperior level educational videos and resources
☎ Customer SupportLive chat 24/7

Awards

Within a few short years since its launch in 2006, AvaTrade has expanded enormously, while Ava global customers executing more than two million trades a month on over 250 instruments.

It’s not a wonder that Ava has earned numerous industry awards since over 10 years of successful activity, in addition to wide support programs launched by Ava. Apart from them, AvaTrade (previously known as Ava FX) was rewarded for its excellent service and the trading technology that confirm brokers’ strong and reputable position in the industry, which we will see why it is like that further in out AvaTrade Review.

AvaTrade awards

Is AvaTrade safe or a scam

No, AvaTrade is no a scam. AvaTrade considered secure broker to trade. It is legit and regulated by various top financial authorities including ASIC, and licensed by Central Bank of Ireland. Thus, 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 hold necessary licenses and regulatory obligations apart from its main establishment standards regulated by Ireland. This information you may check from 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 for its true state.

Is AvaTrade regulated and by whom?

There are numerous entities Ava respectfully established apart from being regulated by the Central Bank of Ireland. Which also includes authorization from the world famous regulatory bodies ASIC (Australia), FSP (South Africa), FSA (Japan), Abu Dhabi authority, ESMA in European Union, British Virgin Islands and more.

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

How are you protected?

The set of regulation requirements enables protection to the clients and including – funds segregation, means 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, 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.

Risk Level

The risk level is defined by several factors, and of course, leverage dramatically increases your risks to lose money as well.

AvaTrade as a regulated broker complies to slightly different trading conditions or regulatory obligations according to the set of rules established by the particular authority. This means that European traders or those clients that are registered with AvaTrade European entity will fall under ESMA regulation that recently limited Leverage.

  • European traders leverage is maximum 1:30
  • International traders or Australian clients can still use leverage until 1:400

Account types

AvaTrade offers a single Standard account, traders can specify Corporate account or Swap free Islamic Account, also Demo account to test brokers’ environment. A professional trader with relevant experience and proof may be entitled to a Professional account where additional benefits offered.

Do all countries accept AvaTrade?

There are numerous countries around the world the resident of which may open an account with AvaTrade. However, there are some restrictions applied, mainly due to regulation in a particular country and specified laws in the country or another. These restricted countries include the US, Iran, Israel and a few more, but generally, Ava accepts almost all countries.

AvaTrade account opening

Types of Accounts

AvaTrade does not diversify clients by the choice of account types but offers a single Standard account, just further, defining specified conditions for Corporate account or Islamic Account. Also you may open Demo account at the beginning to test brokers’ environment.

Accounts Swap free available for traders following Muslim belief or the ones who wish to trade markets according to Sharia principles, which is definitely a great option for world traders.

In addition, if you’re a professional trader with relevant experience and proof of that, you may be entitled to a Professional account where additional benefits are offered.

But first of all, you should proceed with the account opening and these are the steps to do so.

A Step by Step guide on how to open an account

  1. Select and Click on AvaTrade Sign In page. You may also sign with an existing account on Facebook or Google.
  2. Enter the required personal data (Name, email, etc.)
  3. Verify your personal data. The broker may ask a residential proof, utility bill, etc.
  4. Complete the electronic quiz to confirm your selection of an account and your experience
  5. If applicable request Islamic account opening
  6. Once your account is activated and proved, follow with the money deposit. See further paragraphs in our AvaTrade Review on how to do it.

Trading Instruments

So what you can trade in AvaTrade? Markets presented at Ava offering you over 250 instruments ranging from FX pairs to Vanilla options, CFDs on Commodities, Stocks, Indices, ETFs, Bonds and Cryptocurrencies.

Does AvaTrade have Nasdaq?

So yes, AvaTrade has Nasdaq in its trading list as well, eventually Ava offers truly great range so you will surely find a suitable portfolio for yourself.

AvaTrade Cryptocurrencies

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

AvaTrade Review Bitcoin

Fees

All trading transactions performed on AvaTrade platforms are subject to the trading charges that are consisting of Spreads and Overnight fees. 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 account in different base currency. And lastly inactivity or non trading fees.

FeesAvaTrade FeeseToro FeesPlus500 Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageHighLow

Generally, AvaTrade spreads are average fees or even low spreads comparing to similar proposals and broker’s competitors.Also, see below the comparison table with a typical AvaTrade Spread and compare brokers to other CFD Brokers with CFD fees, commission or inactivity fee if applicable. 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.

Non trading fees

Lastly, there is an inactivity fee that is charged if you didn’t show any activity or open trades for a period of 3 month. In this case you will be charged 50$ per quarter. Moreover, the broker sets a fee for administration of 100$ in case you didn’t use the account for 12 consecutive months, so you better keep an eye over your account.

AvaTrade Spread

AvaTrade charges no commissions, as all fees are built into a spread, alike typical USD EUR 1.3 pips which is a difference between bid and ask price.

CFD Fees

CFD trading at AvaTrade gives you the opportunity to trade Commodities, Bonds, ETFs, Indices and Stocks. Generally, AvaTrade CFD fees are average level, yet Index CFD offered at a very competitive level as example Europe 50 CFD is 0.6$.

Forex Fees

Forex fees are remaining also at the average level, while major currency pair offer pleasant cost wise, along with over great opportunities to invest AvaTrade offers. Also, Forex and CFD assets spread might be calculated in a slightly different way, since spreads may vary according to country rules, yet all remain clear and transparent with AvaTrade.

Asset/ PairAvaTrade SpreadeToro SpreadPlus500 Spread
EUR USD Spread1.3 pips3 pips0.6 pips
Crude Oil WTI Spread3 pips5 pips2 pips
Gold Spread404529
BTC/USD Spread0.75%0.75%0.35%

Here is snapshot of AvaTrade fees

AvaTrade fees

AvaTrade Review Forex fees

How to use the AvaTrade Forex calculator

So in order to manage your risk or not let you confused about charges, while trading you may also use great tool AvaTrade provide. Which is Forex Calculator that allows to consider and see all costs, losses or profits. Here are the steps on how to use Calculator.

  1. Select instrument you trade
  2. Choose account currency
  3. Add leverage level
  4. Set either buy or sell position
  5. Lastly, choose the platform you’re using

AvaTrade Forex Calculator

Non trading fees

Lastly, there is an inactivity fee that is charged if you didn’t show any activity or open trades for a period of 3 month. In this case you will be charged 50$ per quarter. Moreover, the broker sets a fee for administration of 100$ in case you didn’t use the account for 12 consecutive months, so you better keep an eye over your account.

Deposits and Withdrawals

Being able to access your funds, fund your account with an initial deposit through a bank account with no complication is another core of the options trading. And while choosing a broker you should consider that point too, so here there are also good options offered by AvaTrade.

Deposit fees and Options

As a licensed broker that obliges to safety measures in various jurisdictions, Ava offers several convenient ways of depositing money into the account, these includes

  • Credit and Debit Card,
  • Wire Transfer
  • Electronic Wallet payments alike PayPal, Skrill, Webmoney and Neteller (available to all clients except EU & Australia residents)

AvaTrade Minimum deposit

AvaTrade minimum deposit by Credit Cards or Debit Cards is $250, or $500 by Bank wire transfer. Yet you may need to deposit even smaller amount, starting from 100$ which depend on your trading entity.

AvaTrade minimum deposit vs other brokers

AvaTrade Most Other Brokers
Minimum Deposit $250 $500

AvaTrade Deposit

Account base Currencies vs Similar Brokers

  AvaTrade eToro Plus500
Bank Transfer V V V
Credit Card, Debit Card V V V
Electronic Wallets V V V
Base Currencies 5 1 10

Why is it important to compare base currencies with similar brokers?

In simple words, it means you avoid currency conversion fee and may transferwise or withdraw money to your bank account, debit cards or credit cards, when applicable, with no extra charges. All in all it makes your money management smooth process, which is indeed very useful.

AvaTrade withdrawal

AvaTrade Withdrawal

AvaTrade typically processes withdrawal requests within 1-2 business days and does not charge any withdrawal fee. Withdrawal Options including most used bank Transfers, Credit cards and some e-wallets. 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 IG.

Here are the steps to withdraw money from AvaTrade

By a simple follow of instructions, you may access your account and submit a withdrawal. And of course, you may always count on a great help center which is remaining at your assistance.

How do you withdraw money from account?

  1. Login to your account. Select on Withdraw Funds’ at the menu tab
  2. Fill in the form and enter the desired withdraw amount
  3. Choose the withdrawal method
  4. Complete the necessary form requirements
  5. Confirm withdrawal details and Submit

Trading Platforms

AvaTrade offering a truly wide selection of platforms and tools, it is not an overstate that each client will find his suitable way.  So let us take a closer look at a range of AvaTrade platforms while all of them available through Web, Desktop or Mobile Apps tailored to iOS or Android devices.

Scores & Availability of different platforms

ProsCons
Great proprietary Web trading platformNone
A choice between Web, Mobile and Desktop
MetaTrader4 and MetaTrader5 offered
Specialized software for social, automated and algorithmic trading included into proposal
AvaOption for Options trading
Web and Mobile App AvatrageGO for iOS and Android
Easy to navigate and simple to use software
Support of different languages

Web Trading Platform

As part of its commitment to empower traders, Ava 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.

WebTrader as an innovative platform is a great option for beginning traders, as it features an intuitive interface and great design simple to use or understand.

Languages available on the Web Trading platform

It is also very important to use the platform through your native language, therefore AvaTrade supports truly numerous languages, so you may select your best preferences. Available languages including but not limited to

  • Spanish
  • Arabic
  • Dutch
  • Persian
  • Turkish
  • Polish
  • Chinese
  • Thai
  • Portuguese

AvaTrade WebTrader

Look and Feel

AvaTrade platform either web one or its additional software MT4 or MT5 features clear look and simple navigation. So whether you’re beginning or professional you will be happy to see intuitive design yet with powerful capabilities of tools. Also, you may choose the most suitable software according to your need either from WebTrader, AvaTradeGo app, Mac Trading or AvaOption platform.

Which was developed by Ava and allows you to enjoy another level of Options trading or FX with calls and puts, use of embedded tools and overall easy trading experience.

Login and Security

Accessing your account either through MT4 or MT5, along with other Ava platforms is a quite simple process. If you login through Web version you simply need to follow steps of security login.

In case you use AvaMetaTrader you need to install the desktop program then click on File-> Login to Trading Account while typing your credits so then you’ll enjoy trading instantly.

Search Functions

One of the good features at the Ava platform is its search function, offering you easy navigation between the instruments or products you wish to trade. So by a simple search line, you will find the desired instrument through an advanced search between assets or options through the use of symbols.

Order Types

AvaMetaTrader or other platforms allow you to set specialized order types in order to manage risks, or set, adjust and manage profits or losses at any time. You may set either Trade Market or Pending order also specifying Stop Loss, Take Profit, Trailing stop and select the desired type of executions. Also you may always modify your order through Order Modification Window. Eventually, you should stick to your strategy strongly and always set risk management tools for your successful trading experience.

Also note, AvaTrade does allow the holding of both Sell and Buy position known as hedging strategy.

AvaTrade order types

Alerts and notifications

Platforms also powered with advanced technical indicators, charts and real-time price alerts with notifications which you may receive to your email. Thes

Desktop Trading Platform

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

Automated Trading

And the last but not the least, the AvaTrade Automated Trading capabilities, a very useful and promising tool especially for beginning traders. So Avar brought a variety of auto-trading software that enables copy or mirror the experienced strategy of successful traders.

AvaTrade offers few platforms to access auto trading which includes: DupliTrade is another successful social platform available for your opportunity, which suited for MT4 floating spreads and automatically copies the trades.

You still may also use ZuluTrade – one of the most popular auto trading software, and MQL5 – designed for MT4 terminal and enhancing signals service to auto-trade.

AvaTrade autotrading

Mobile Trading Platform

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 allowing management of multiple MT4 accounts or switch between demo, real and variable spreads accounts.

ProsCons
Proprietary AppNo Face login
Customer friendly and easy to navigate
Price alerts with notifications right at your mobile
Fee Report
Many languages supported
AvaTrade application

Customer Service

So getting to AvaTrade customer support it provides 24-hour live support available through live chat, email, phone support in 15 languages. Eventually, AvaTrade offers some of the greatest quality support with fast and reliable answers and a huge range of free of charge lines all around the world.


AvaTrade customer support

Education

In addition to its some of the good quality trading offering among industry, all clients can enjoy absolutely stunning education resources. As Ava states that inspiring and expanding horizons of traders is the main part of everyday trading life.

AvaTrade Demo Account

Also, you can choose a risk-free account at the first step with AvaTrade known as a demo account allowing to practice strategies and test the offered systems. So whether you beginning trader or professional one there is the right tool in AvaTrade box for your better practice.

Eventually, education center constantly develops and features both Forex and CFDs trading information with Live Webinars, Technical Analysis, educational tools and much more. Along with proposal as a premium designed unique source with video tutorials divided by traders level, which is definitely great.

Research

Also at AvaTrade you will find great research tools and materials, while you may use Autochartist when trading through MetaTrader. Along with other user-friendly tools including calculator, fantastic and clear charting with built-in News Feed and other essential trading data for your better trading. Also, you may sign in for the most recent market analysis which provided by professional AvaTrade educational site Sharp Trader.AvaTrade education

Conclusion

Overall, AvaTrade Review shows a broker with an expanded trading strategy and a certain way of dealing with market and clients that gained a reliable and respected reputation. Ava flexibility in terms of platforms, currency pairs and a number of provided solutions is another key advantage to their positive side. The broker offers competitive costs and excellent education material suitable for traders of different levels.

AvaTrade manchester city

55brokers.com for Forex Broker Reviews

Brokers reviews may you be interested to check

No news available.

6 responses to “AvaTrade”

  1. Starting a new account today, especially like the Leverage: 1:30 | 1:400
    Regulation: Bank of Ireland, ASIC, JFSA, FSCA

  2. Scammers.
    They blocked my access to account for a few days without any reason or justification.
    When asked to refund opened positions they kept stalling saying they are investigating. After months they keep saying the same.

    As an EU citizen I naive to trust the regulation from Bank of Ireland.
    But that is a scam, they won’t create your account under those jurisdictions, you have no way to get your money back.

    • My account from TLC trade has been forced to move to pamm h in Ava because of the merging.

      These days, they claim that pamm h has a lot of investors and they’re afraid to loose in the market.
      so seldom they trade.

      How to know if they are real or scammers?

  3. You are scamers on telegram there is a chat group of ava trade fx they asked me ,for 100$ for investment and said i will receive profit in 24 hours but after 22 hours they removed me from group and now asking me for 150$ more to join group and withdraw my money they are not giving me money admin name is amelia i request you to search her and return my money

Leave a Reply

Your email address will not be published. Required fields are marked *

* code