• Minimum Deposit

    • 50-500
  • Leverage

    • 400:1
  • Regulation

    • FSCA
    • FSA
    • Israel Securities Authority
    • ASIC
    • Central Bank of Ireland (CBI)
    • IIROC
    • ADGM
    • MiFiD
    • Japan FSA

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Overview

A complete AvaTrade Broker Review 2022

Summary:

Regulation and License ADGM, ASIC, Central Bank of Ireland (CBI), FSA, FSCA, IIROC, and Israel Securities Authority
HQ Dublin, Ireland
Founding Year 2006
Leverage range Up to 1:400
Min deposit $100
Platforms MT4, MT5, Web Trader, AvaSocial, AvaOptions, AvaTradeGo mobile app
Tradable Instruments Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Cryptocurrencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Demo account Yes
Base Currencies Multiple base currencies
Customer support 24/5 support
Active Clients 300,000+ Customers
Publicly traded No
Crypto Yes
Website https://www.avatrade.com

AvaTrade pro & cons

Pros Cons
Support multiple base currencies Not available to trade in the US
1200+ tradeable opening
Easy account opening
Multiple tradeable markets
No deposit and withdrawal fee

AvaTrade broker overview

AvaTrade 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. AvaTrade offers a wide range of tradable instruments, including currencies, indices, cryptos, shares, and commodities, and provides leverage of up to 1:400. The AvaTrade broker also offers a demo account so traders can practice before putting real money on the line. AvaTrade has a strong customer support team available 24/5 and boasts over 300,000 active clients. The AvaTrade broker does not accept US clients.

AvaTrade 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, AvaTrade has a dedicated section. AvaTrade is a reliable broker with a long track record and is suitable for both beginner and experienced traders.

As AvaTrade is a regulated broker, it follows FYC and AML policies. For account security, the broker offers 2-step authentication. The minimum deposit required at AvaTrade to open an account is $100. AvaTrade 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.

AvaTrade 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 AvaTrader clients' funds are kept in these banks, they are protected as the broker can not use them for other purposes.

AvaTrade 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 with AvaTrade. Moreover, AvaTrade has implemented 2FA for account security.

AvaTrade 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 AvaTrade complies with AML and KYC policies, clients must provide certain documents for account 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.

AvaTrade 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 at AvaTrade to open an account is $100.

For trading, AvaTrade charges 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 addition, AvaTrade 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 AvaTrade 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. AvaTrade 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, AvaTrade also offers swap-free, Islamic accounts that don't charge swap fees. Overall, the pricing structure of AvaTrade is transparent and straightforward.

Fees Type AvaTrade
Deposit fee No
Withdrawal fee No
Inactivity fee Yes, $50
Fee rankingLow/Average

Spreads fee details at AvaTrade

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, AvaTrade offers 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 at AvaTrade

Swap fees are something that a trader needs to be aware of, and AvaTrade is upfront about their swap/overnight fees. Across all instruments, AvaTrade 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, AvaTrade 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 at AvaTrade

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, AvaTrade 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. AvaTrade 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 at AvaTrade are secured with the latest SSL encryption technology. As AvaTrade is compliant with AML and KYC policies, traders need to verify their identity and address before they can make a withdrawal. Moreover, as AvaTrade 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 AvaTrade customer support 24/5. Compared to many other brokers, the customer support at AvaTrade is responsive.

Tradable markets at AvaTrade

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. AvaTrade offers 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 AvaTrade start from as low as 0.9 pips on major forex pairs such as EUR/USD and GBP/USD. AvaTrade 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 at AvaTrade. Some popular currency pairs you can trade at AvaTrade are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD.

AvaTrade 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.

AvaTrade offers 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%.

AvaTrade also offers 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.

AvaTrade also offers 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. AvaTrade also 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, AvaTrade also offers its social trading platform called AvaSocial. AvaTrade platform allows you to copy the trades of other successful traders or share your trading ideas with others.

Leverage information at AvaTrade

AvaTrade offers leverage of up to 1:400 on forex pairs. The maximum leverage offered by AvaTrade 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 your account.

If you have $400 in your account, with leverage of 1:400 at AvaTrade, 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 in your account.

AvaTrade trading platforms

avatrade platforms 2022

AvaTrade offers 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, AvaTrade has a platform that's right for you. Let's look at every trading platform of AvaTrade:

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 trading 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 at AvaTrade

AvaTrade offers five types of accounts, which are:

Retail account

This account 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 of AvaTrade is suitable for beginner traders. Moreover, you get all the essential tools and features with this account 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 AvaTrade account type is not mentioned on the AvaTrade website, and you need to get in touch with their customer support for more information.

AvaTrade Options account

The account 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, and with AvaTrade, you can start trading options with a small amount of money.

Islamic account

This account 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 account 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 with AvaTrade.

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

How to open your trading account with AvaTrade

● 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 at AvaTrade

● Choose your payment type at AvaTrade and make a deposit.

● Start trading with AvaTrade.

Avatrade 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 AvaTrade customer support team is multilingual. In addition, AvaTrade 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 at AvaTrade

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 AvaTrade 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 AvaTrade 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 from AvaTrade

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

AvaTrade 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 AvaTrade 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 at AvaTrade

avatrade education 2022

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 AvaTrade broker also offers explanatory videos on using their different platforms and market analysis and commentary from the AvaTrade team of experts. Let's look at all the popular educational resources of AvaTrade:

eBook collection

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

Trading platforms tutorials

As we mentioned, AvaTrade offers 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, AvaTrade has 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. AvaTrade 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, AvaTrade offers 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, AvaTrade has a dedicated section.

AvaTrade offers a wide range of tradable instruments, including currencies, indices, cryptos, shares, and commodities. Moreover, AvaTrade 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 at AvaTrade is $100.

Does AvaTrade offer a demo account?

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

Is AvaTrade a regulated company?

Yes, AvaTrade is a regulated company compliant with FYC and AML policies.

What are the deposit methods at AvaTrade?

The deposit methods at AvaTrade 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 at AvaTrade 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 with AvaTrade by visiting the broker's website and filling out the online application form.

Does AvaTrade support MT4 & MT5?

Yes, AvaTrade supports MT4 & MT5.

What are the spreads at AvaTrade?

The spreads at AvaTrade 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 at AvaTrade is 0.01 lots.

How to contact AvaTrade customer support?

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

Does AvaTrade offer educational content?

Yes, AvaTrade 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 at AvaTrade by logging into your account and going to the "Settings" tab.

What are the account types offered by AvaTrade?

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

Does AvaTrade charge an inactivity fee?

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

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