AvaTrade is a financial brokerage with 9 licenses from financial authorities [CBI, MiFID, FSA, ASIC, FSCA, BVI FSC, ADGM, CySEC, ISA.] Margin call and stop out levels are 25% and 10%, respectively, on this broker.
You will be required to deposit at least $100 for getting started with the brokerage; there are 6 payment options [credit/debit cards, bank wire transfers, Skrill, Neteller, WebMoney, PayPal.]
AvaTrade Broker Company Information & Regulation
AvaTrade, founded in 2006, has quickly risen to become a leading global CFD broker. With over 400,000 registered customers executing more than 2 million trades per month, the company has solidified its position in the online trading world. The broker is renowned for its robust regulatory framework, holding licenses from top-tier authorities such as:
- Australian Securities and Investment Commission (ASIC)
- Central Bank of Ireland (CBI)
- Markets in Financial Instruments Directive (MiFID) in EU
- Financial Services Agency (FSA) in Japan
- Financial Sector Conduct Authority (FSCA) in South Africa
- British Virgin Islands Financial Services Commission
- Abu Dhabi Global Markets (ADGM)
- Cyprus Securities and Exchanges Commission (CySEC)
- Israel Securities Authority
AvaTrade Summary of Specifications & Key Features
Let's take an overall look at the broker's key features and specifications. AvaTrade Key Features:
Broker | AvaTrade |
Account Types | Retail, Professional, Islamic, Demo |
Regulating Authorities | ASIC, CySEC, CBI, FSA, FSCA, MiFID, ADGM, PFSA, ISA |
Based Currencies | USD, EUR, CHF, GBP, JPY, AUD |
Minimum Deposit | $100 |
Deposit Methods | Credit/Debit Cards, E-Wallets, Bank Wire Transfer, PayPal |
Withdrawal Methods | Credit/Debit Cards, E-Wallets, Bank Wire Transfer, PayPal |
Minimum Order | 0.01 lot |
Maximum Leverage | 1:400 |
Investment Options | Copy Trading, Referral Program |
Trading Platforms & Apps | MetaTrader 4, MetaTrader 5, Mobile App, WebTrader |
Markets | Forex, Metals, Stocks, Commodities, Indices, Crypto |
Spread | Depending on the Asset |
Commission | No Commission on Deposits/Withdrawals Inactivity Fees Overnight Fees |
Orders Execution | Instant |
Margin Call/Stop Out | 25%/10% |
Trading Features | Crypto and CFD Trading, Islamic Account |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Online Chat, Email, Phone Calls |
Customer Support Hours | 24/5 |
AvaTrade Account Types Specifics
The broker offers several account types to meet the needs of different trading styles and experience levels. AvaTrade Account Types:
Retail:
- The main account type available
- Minimum spreads from 0.9 to 5.2 pips (varies by jurisdiction and asset)
- Useful for most traders in the market
Professional:
- Negative balance protection
- Investor compensation scheme
- Segregated bank accounts for user funds
- Tighter spreads starting from 0.6 pips
Islamic: Designed for traders requiring Sharia-compliant trading conditions:
- Swap-free trading
- Fair spreads
- Access to risk management tools
MAM:
- Investment option
- Passive income earning
Also, the broker offers a demo environment for practicing your strategies.
Pros and Cons
Let's weigh the advantages and disadvantages of trading with AvaTrade from a balanced perspective. AvaTrade advantages and disadvantages:
Cons | Pros |
Limited account types compared to some competitors | Well-regulated by multiple authorities |
Wide range of trading instruments | |
Multiple trading platforms, including MT4/MT5 | |
Decent educational resources |
AvaTrade Broker Account Opening & Verification: Step-by-Step Guide
Signing up with this company is done in a few steps that will be discussed in this section. AvaTrade Registration:
- Visit the official website (www.avatrade.com);
- Click on "Open A Free Trading Account" or "Register" button;
- Fill in the registration form with your email address and create a password;
- Enter more details about your identity and residence location;
After creating the account, you can complete the KYC (Know Your Customer) process by providing:
- Proof of identity (a government-issued ID, etc.);
- Proof of residence.
AvaTrade Trading Platforms and Applications Specifics
The broker offers a variety of trading applications to provide several features for traders. AvaTrade Apps:
- MetaTrader 4 (MT4): The industry-standard platform known for its vast range of charting tools and trading capabilities;
- MetaTrader 5 (MT5): An advanced version of MT4 with more features and newer user interface;
- AvaTrade WebTrader: A proprietary web-based platform that requires no download, offering a user-friendly interface and essential trading tools;
- Mobile App: A mobile trading app available for iOS and Android devices, allowing traders to manage their accounts on the go;
- AvaOptions: A specialized platform for options trading, featuring advanced risk management tools.
AvaTrade Spreads and Commissions on Trading & Other Activities
The broker provides a clear structure on the exact amount of spreads, depending on each asset class. Also, these fees are mentioned on the official website:
- Inactivity Fee: after 3 consecutive months of inactivity period, $50 fee is charged for the user
- Overnight Premium: deducted from account after holding a position for over a certain amount of time
- Administration Fee: Account may be subject to annual fees after 12 consecutive months of inactivity period
Based on our investigations, there are no commissions charged by the broker for deposits and withdrawals.
AvaTrade Deposit & Withdrawal Methods
This broker provides a bunch of payment options for deposits and withdrawals. In the list below, we will have an overview of the methods:
- Credit/Debit Cards
- Bank Wire Transfer
- E-wallets (Skrill, Neteller, WebMoney)
- PayPal (in select countries)
Always ensure you're using a secure connection when making financial transactions on the platform.
Copy Trading & Investment Options Offered on AvaTrade
This broker pays enough attention to copy trading services, providing 2 platforms specifically used for this goal. AvaTrade Copy Trading Platforms:
- DupliTrade: An automated trading platform integrated with AvaTrade, featuring Strategy providers with proven track records, real-time performance monitoring, and risk management tools
- ZuluTrade: A third-party copy trading platform connected to AvaTrade, offering a vast network of signal providers, customizable copy trading settings, performance analytics, and a ranking system
Also, this brokerage provides an affiliate program used for earning passive income through inviting friends.
Which Tradable Markets & Symbols are Available on AvaTrade?
AvaTrade offers a diverse range of over 1250 instruments from various asset classes. List of tradable assets on AvaTrade:
- Forex: Popular currency pairs including majors, minors, and exotics;
- Stocks: CFDs on shares from major global exchanges;
- Indices: Major global stock indices like S&P 500, FTSE 100, and Nikkei 225;
- Commodities: Metals, energies, and agricultural products;
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, and more;
- ETFs: A selection of exchange-traded funds;
- Bonds: Government and corporate bonds.
This wide selection allows traders to diversify their portfolios and take advantage of opportunities across various markets.
Does AvaTrade Currently Offer Any Bonuses and Promotions?
Based on our investigations on the website and official resources, the broker currently does not offer any bonuses and promotions for traders. However, this might change anytime; so always check for updates on the website.
AvaTrade Support: Does It Offer 24/7 Services?
The company provides comprehensive customer support, though not on a 24/7 basis. AvaTrade Customer Support:
- 24/5 customer service via live chat, email, and phone
- Support available in 14 languages
- Knowledgeable and responsive agents
While the lack of 24/7 support may be a drawback for some traders, the brokerage's support team is generally praised for its helpfulness during operating hours.
List of Countries Banned from AvaTrade's Services
The company serves traders in over 150 countries but is restricted in several jurisdictions:
- United States
- Belgium
- Iran
- Cuba
- Syria
- New Zealand
Always check the most up-to-date list on the broker's website, as restrictions can change based on regulatory requirements.
AvaTrade Broker Trust Scores & Reviews
The brokerage generally receives positive reviews from users and industry experts. In this section, we will have a look at the average ratings on reputable websites:
- Trustpilot: 4.5 out of 5, based on over 8,000 reviews
- ForexPeaceArmy: 1.8 out of 5, based on 460+ user scores
Overall, AvaTrade scores well in trust and reliability, with a high average rating on various websites.
AvaTrade Education Section Overview
The website of the broker offers a robust educational suite for traders of all levels. It includes:
- Trading guides and tutorials
- Video lessons on various trading topics
- Live webinars hosted by market experts
- Economic calendar and market analysis
These resources demonstrate mentioned broker's commitment to trader education and development.
Conclusion and Final Words
AvaTrade is a multi-asset brokerage with a 4.5/5 trust score on the "Trustpilot" website. On the other hand, the company has received 1.8/5 on "ForexPeaceArmy."
You have 3 options [live chat, email, phone call] for contacting the support department in the mentioned company, which is available 24/5.