A complete AvaTrade Broker Review

Pro & Cons

AvaTrade broker overview

The broker is a popular and globally-renowned forex broker founded in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities, including the ADGM, ASIC, Central Bank of Ireland (CBI), FSA, FSCA, IIROC, and Israel Securities Authority. They offer a wide range of tradable instruments, including currencies, indices, cryptos, shares, and commodities, and provides leverage of up to 1:400.

The broker also offers a demo account so traders can practice before putting real money on the line. They has a strong customer support team available 24/5 and boasts over 300,000 active clients.The broker does not accept US clients.

They offers multiple trading platforms, including MT4, MT5, the AvaTrade web trader, AvaSocial, and the AvaOptions mobile app. The broker also provides a variety of base currencies to choose from. For copy traders also, There's a dedicated section. They are a reliable broker with a long track record and is suitable for both beginner and experienced traders.

As it is a regulated broker, it follows FYC and AML policies. For security, the broker offers 2-step authentication. The minimum deposit required to open an account is $100. The broker does not charge a deposit fee, but they levy an inactivity fee of $50 per quarter if the account is inactive for three months or more.

Safety information

AvaTrade is a reliable and safe broker as multiple financial authorities regulate it. The broker follows strict anti-money laundering (AML) policies and complies with the FSCA recommendations. In addition, all client funds are segregated in Tier-1 banks. When the clients' funds are kept in these banks, they are protected as the broker can not use them for other purposes.

They also has a negative balance protection policy, which means that clients will never lose more funds than they have deposited in their accounts. Overall, the broker takes steps to protect its clients' funds and ensures they are safe while trading. Moreover, they have implemented 2FA for security.

It offers different deposit and withdrawal options, including credit/debit cards, bank wire transfer, Skrill, Neteller, and UnionPay. The deposit and withdrawal methods are protected with the latest SSL encryption technology. The processing time for withdrawal requests is up to 5 business days.

As they complies with AML and KYC policies, clients must provide certain documents for verification. These include a copy of a government-issued ID, proof of address, and a copy of a credit/debit card (if applicable). Overall, the process is simple.

Fees details

AvaTrade does not charge for deposits or withdrawals made via credit/debit card or e-wallets. However, you might need to pay third-party charges such as bank charges if you make a wire transfer. The minimum deposit required to open an account is $100.

For trading, they charge a variable spread that starts from 0.9 pips for the EUR/USD currency pair. The minimum trade size is 0.01 lots, and the maximum trade size is 100 lots. In the broker does have inactivity charges in which an account is charged $50 per quarter if it's inactive for three months or more. As per their website, these charges are mandatory, and they can't waive these fees.

In addition, traders also need to pay the swap charges for holding trades overnight. The swap charges vary depending on the currency pair and can be positive or negative. The broker levies a daily swap rate of -0.0058% for long and short positions on stock indices. AvaTrade's swap charges are on the higher side compared to other brokers. On the other hand, it also offers swap-free, Islamic accounts that don't charge swap fees. Overall, the pricing structure is transparent and straightforward.

Spreads fee details

AvaTrade offers competitive spreads in the industry, starting from 0.9 pips on EUR/USD. No commission is charged on forex pairs, metals, energies, or cryptocurrencies traded on the Standard account. Furthermore, they offer variable spreads, meaning they will widen during times of high market volatility.

To understand the spread better, let's take an example. Assume that the current EUR/USD bid price is 1.0916 and the asking price is 1.0918; the spread will be two pips. If you buy the EUR/USD pair at 1.0918 and it climbs to 1.0922, you would have made four pips profit. However, if the EUR/USD price had fallen to 1.0914, you would have made a 2-pip loss.

Swap fees

Swap fees are something that a trader needs to be aware of, and AvaTrade is upfront about their swap/overnight fees. Across all instruments, it has a daily swap rate of -0.0058%, which is a competitive rate.

However, the charges can also be variable depending on the instrument being traded and the direction of the trade (long or short). For example, for the EUR/USD pair, long positions have a swap fee of -0.1694%, and short positions have a swap fee of 0.0035%.

Moreover, they also offers swap-free accounts for Muslim clients, which is convenient for those who want to trade without incurring swap fees.

Deposit and withdrawal options

AvaTrade is a popular and well-regulated forex broker with a long track record. The company offers a wide range of tradable instruments and provides leverage of up to 1:400. Regarding depositing methods, the broker offers a variety of options, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller.

Regarding withdrawals, the process is straightforward and can be done via the same methods as deposits. Withdrawals are usually processed within 3-5 days. The broker does not charge for withdrawals, but you might need to pay a conversion fee if you withdraw in a currency other than your account base.

In addition, you can only withdraw funds equal to your deposit amount. For example, if you have deposited $100 via credit card, you can only withdraw $100 back to your credit card at a time.

Both the deposit and withdrawal methods are secured with the latest SSL encryption technology. As they are compliant with AML and KYC policies, traders need to verify their identity and address before they can make a withdrawal. Moreover, as the broker offers negative balance protection, traders will not lose more than their initial deposit even if the markets move against them.

They offer dedicated support regarding the transaction, and you can reach out to customer support 24/5. Compared to many other brokers, the customer support is responsive.

Tradable markets

AvaTrade is among the leading forex brokers in the industry with a wide range of tradable products. The company offers forex pairs, CFDs on indices and commodities, cryptocurrencies, stocks, and ETFs. They offer something for everyone, whether you are a beginner or an experienced trader.

If you're a forex trader at AvaTrade, you can trade over 50 currency pairs. The spreads at start from as low as 0.9 pips on major forex pairs such as EUR/USD and GBP/USD. They also offers leverage of up to 1:400, which is higher than the industry average of 1:100. In addition, you can trade all the major, minor, and exotic currency pairs . Some popular currency pairs you can trade are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD.

The broker also offers CFDs on various indices such as the Dow Jones Industrial Average (DJIA), S&P 500, NASDAQ Composite, and more. You can trade over 20 index CFDs with leverage of up to 1:200 and tight spreads starting from 0.5 pips.

They offer a wide range of options for those interested in trading crypto CFDs, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more. You can trade over ten cryptocurrency CFDs with leverage of up to 1:2 and tight spreads starting from 0.03%.

They also offer stock CFDs with leverage of up to 1:20. You can trade over 250 stock CFDs from companies such as Apple, Google, Facebook, and more. The spreads start from 0.1 pips. Stocks trading at AvaTrade are only available during market hours.

Also they offer CFDs on ETFs. You can trade over 20 ETF CFDs with leverage of up to 1:20. The ETFs are from different asset classes such as commodities, equities, and bonds. Also it offers to trade on commodities such as gold, silver, oil, and more. You can trade over ten commodity CFDs with leverage of up to 1:200 and tight spreads starting from 0.03 pips.

In addition to the wide range of tradable markets, they also offers its social trading platform called AvaSocial. The platform allows you to copy the trades of other successful traders or share your ideas with others.

Leverage information

The broker offers leverage of up to 1:400 on forex pairs. The maximum leverage offered is higher than the average in the industry, which is 1:100. Leverage helps traders magnify the returns on their investment, but it also increases the risk. Hence, it is essential to use leverage wisely and not over-leverage.

If you have $400 , with leverage of 1:400 , clients can trade up to $160,000 worth of currency pairs. It means you can make a profit (or loss) of up to $400 with just $400.

Trading platforms

They offer a comprehensive and user-friendly trading experience by providing several platforms, including the popular MT4 and MT5, the AvaTrade web trader, AvaSocial, and the AvaOptions mobile app. The broker also offers a variety of base currencies to choose from. So whether you're a beginner or an experienced trader, The broker has a platform that's right for you. Let's look at every trading platform:

MT4

MetaTrader 4 is a popular trading platform in the world and is perfect for beginner and experienced traders. The platform is user-friendly and comes with all the features and tools you need to start trading forex, including a built-in economic calendar, real-time charts, and market analysis. Moreover, MT4 is available on all devices, including PC, Mac, and mobile.

MT5

MetaTrader 5 is the latest version of MetaTrader and comes with some additional features and tools not found in MT4. These include more advanced charting capabilities, market depth, and a built-in tick volume indicator. Moreover, MT5 offers more timeframes and order types than MT4.

AvaTrade web trader

The AvaTrade web trader is a browser-based platform that is simple to use and doesn't require installation. The platform is perfect for beginner traders as it is very user-friendly. However, the platform lacks some of the features and tools on other platforms, such as MT4 and MT5. AvaTrade web trader also offers a mobile app for trading on the go.

AvaSocial

AvaSocial is a social trading platform that allows you to follow and copy the trades of other successful traders. The platform is available on both PC and mobile. If you're into copy trading, AvaSocial is the perfect platform. The UI of AvaSocial is very user-friendly and easy to navigate.

AvaOptions

AvaOptions is AvaTrade's proprietary platform for options. The platform is user-friendly and comes with all the features and tools you need to start trading options. Moreover, AvaOptions is available on all devices, including PC, Mac, and mobile.

Account types

The broker offers five types of accounts, which are:

Retail account

This type is for EU-based clients and has a minimum deposit of $100. The maximum leverage at the Retail account is up to 1:400, and the spreads start from 0.9 pips. The Retail account is suitable for beginner traders. Moreover, you get all the essential tools and features with this type.

Corporate account

This account type is for legal entities and offers various corporate features like segregated accounts and customized solutions. The minimum deposit for this type is not mentioned on the website, and you need to get in touch with their customer support for more information.

AvaTrade Options account

The type is for forex options trading and offers a leverage of 1:400. The minimum deposit required is $100, and the spreads start from 0.03 pips. Options trading is a popular way to make money, you can start trading options with a small amount of money.

Islamic account

This type is for Muslim traders and is swap-free. The minimum deposit required is $100, and the leverage is up to 1:400. The spreads start from 0.9 pips. You don't need to pay interest in this account as it is against Sharia law.

Professional account

This type is for experienced traders with a portfolio of over $500,000. The leverage is up to 1:400, and the spreads start from 0.3 pips. You need professional trading experience to open this account.

Moreover, they also offer a demo account so that you can practice before investing real money. The demo account is funded with virtual money, and you get access to all the features and trading platforms.

How to open your trading account

• Go to the broker's website and click the "Register Now" button.
• Fill in your details like name, email, phone number, etc.
• Select your account type.
• Choose your payment type and make a deposit.
• Start trading.

Customer support details

AvaTrade offers responsive and helpful customer support. The broker has a team of customer service representatives available 24 hours a day, five days a week via WhatsApp, email, and telephone. The customer support team is multilingual. In addition, it has provided dedicated phone numbers for the countries they serve, which is a good sign indicating they are committed to offering quality customer service.

Research tools

AvaTrade offers a wide range of research tools and resources, including an economic calendar, market news, analysis, and commentary from in-house experts and third-party sources such as Autochartist and Trading Central. Let's look at some of the popular research tools:

Guardian Angel

AvaTrade's Guardian Angel is a risk management tool that helps traders set and monitor stop-loss and take-profit orders. This tool comes in handy, especially for novice traders who may not be familiar with setting these orders.

AvaProtect™ - The Ultimate Risk Management Tool

AvaProtect feature gives you the ultimate control over your risk management. Traders get up to one million dollars in protection which is unmatched in the industry. It is available on all AvaTrade accounts with no extra charge, and you can trade with confidence knowing your account is protected.

New Accounts Pack

You can use your bonuses to trade over a wide range of assets, including forex pairs, stocks, commodities, and indices. Withdraw your profits at any time, without any restrictions. Pick your preferred trading platform and get access to trading insights with AvaTrade's new accounts pack.

Autochartist

Autochartist is a market analysis tool that helps traders identify potential trading opportunities. The tool provides technical analysis and generates trade ideas based on market movements. Autochartist is a helpful tool for both novice and experienced traders.

DupliTrade and ZuluTrade support

The broker also supports Duplitrade and ZuluTrade, which are third-party copy trading platforms. These platforms allow traders to copy the trades of other successful traders.

Global economic calendar

An economic calendar is a useful tool that helps traders keep track of upcoming economic events. The calendar includes information on various events, such as interest rate decisions, inflation data, and employment figures.

Trading Central

Trading Central is a provider of technical analysis and market research. The company's analysts provide daily commentary on various markets, including forex, stocks, commodities, and indices.

Educational content available

AvaTrade offers a variety of educational resources to help traders up their game. These include many video tutorials, webinars, articles, and more. In addition, the broker also offers explanatory videos on using their different platforms and market analysis and commentary from the broker's team of experts. Let's look at all the popular educational resources:

eBook collection

They have an eBook collection covering topics such as forex trading, CFDs, technical analysis, and more. These eBooks are written in easy-to-understand language and are an excellent resource for those just starting trading.

Trading platforms tutorials

As we mentioned, they offer a variety of trading platforms. In addition, the broker has put together a series of video tutorials and webinars to help traders get the most out of these platforms. So whether you want to learn MT4 or MT5, they have you covered.

Stock market fundamentals

AvaTrade's series of videos on stock market fundamentals is a great place to start if you're new to the world of trading. These videos cover what stocks are, how the stock market works, and more. The broker also has a blog where they regularly post articles on various trading-related topics.

AvaTrade broker in a nutshell

AvaTrade is an excellent forex broker founded in 2006 and headquartered in Dublin, Ireland. Regulated by several financial authorities, they offer a wide range of tradable instruments with leverage up to 1:200. The broker also provides a demo account, robust customer support, and a variety of trading platforms. For copy traders, the broker has a dedicated section.

They offer a wide range of tradable instruments, including currencies, indices, cryptos, shares, and commodities. Moreover, it offers responsive customer support. Overall, AvaTrade is a reliable broker with a long track record suitable for both beginner and experienced traders.

FAQs

What is the minimum deposit at AvaTrade?

The minimum deposit is $100.

Does the broker offer a demo account?

Yes, the broker offers a demo account that comes with virtual currency.

Is AvaTrade a regulated company?

Yes, they are a regulated company compliant with FYC and AML policies.

What are the deposit methods at AvaTrade?

The deposit methods include credit/debit cards, bank wire transfers, and e-wallets such as Skrill and NETELLER.

What are the withdrawal methods at AvaTrade?

The withdrawal methods are the same as the deposit methods, including credit/debit cards, bank wire transfers, and more.

How to open a trading account with AvaTrade?

You can open your account by visiting the broker's website and filling out the online application form.

Does it support MT4 & MT5?

Yes, they supports MT4 & MT5.

What are the spreads at AvaTrade?

The spreads are variable and start from 0.9 pips for the EUR/USD currency pair.

What is the minimum trade size at AvaTrade?

The minimum trade size is 0.01 lots.

How to contact customer support?

You can contact customer support by phone, email, or WhatsApp.

Does it offer educational content?

Yes, it offers educational content through videos, e-books, and webinars.

Can US residents open accounts at AvaTrade?

No, US residents cannot open accounts at AvaTrade as the broker does not accept US clients.

How can I change my password at AvaTrade?

You can change your password by logging into your account and going to the "Settings" tab.

What are the account types offered?

Accounts offered by the broker — Retail, Corporate, Options, Islamic, and Professional.

Do they charge an inactivity fee?

It charges an inactivity fee of $50 per quarter if the account is inactive for three months or more.