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AvaTrade Canada Broker Review 2025

AvaTrade Canada Broker Review 2025
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Your Capital is at risk.
Company:AvaTrade Canada
Founded:2006
Min Deposit:$250
Max Leverage:20
Headquarter:

Ontario, Canada

US Accepted:
Islamic Account 24/5 Support Demo Trading Regulated by CIRO

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
AvaTrade Canada, a financial broker regulated by CIRO, enables the trading of over 170 symbols. The minimum deposit on the standard account is 250 USD/300 CAD. "ScamAdivser" has given a 13/100 Trustscore to the brokerage's website.
Contact
220 Bay Street, Suite 600 Toronto, Ontario M5J 2W4
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Strong Regulatory Oversight
Decent Range of Trading Platforms
Relatively Diverse Selection of Tradable Instruments
Cons
Spreads, While Competitive, Aren't The Lowest In The Industry
Inactivity and Administration Fee
score of blog
5 From 5.0
(1)
Rate this post
332

AvaTrade Canada is the Canadian branch of AvaTrade, an international brokerage. This branch is a member of the Canadian Investment Regulatory Organization (CIRO).

The discussed broker offers 5 tradable markets [Forex, commodities, indices, stocks, options.] More than 35 Forex instruments are available.

AvaTrade Canada
AvaTrade Canada review; pros, cons, and key details

AvaTrade Canada Company Details and Regulation

The broker is operated by Friedberg Direct, a division of Friedberg Mercantile Group Ltd. (FMGL). This group was established in 1971 and is a member of the Canadian Investment Regulatory Organization.

Friedberg Direct's office is located at 220 Bay Street, Suite 600 Toronto, Ontario M5J 2W4.

Summary of The Broker's Details and Specifics

Let's break down the essentials of what AvaTrade Canada offers:

Broker

AvaTrade Canada

Account Types

Standard, Islamic, Demo

Regulating Authorities

CIRO

Based Currencies

USD, CAD

Minimum Deposit

250 USD

300 CAD

Deposit Methods

Credit/Debit Card, Bank Transfers, Google Pay

Withdrawal Methods

Credit/Debit Card, Bank Transfers, Google Pay

Minimum Order

0.01 Lots

Maximum Leverage

1:20

Investment Options

None

Trading Platforms & Apps

MetaTrader 4, MetaTrader 5, AvaOptions

Markets

Forex, Commodities, Indices, Stocks, Options

Spread

Varies

Commission

None on Trading

Orders Execution

N/A

Margin Call/Stop Out

N/A

Trading Features

Economic Calculator, Trading Calculator, Earning Releases Tracker

Affiliate Program

No

Bonus & Promotions

No

Islamic Account

Yes

PAMM Account

No

Customer Support Ways

24/5

Customer Support Hours

Ticket, Phone Call, Live Chat

Account Types Details and Comparison

AvaTrade Canada doesn't offer any variety in this regard, providing only 1 real account type. Specifics and Details:

  • Base Currencies: USD, CAD
  • Minimum Deposit: 250 USD or 300 CAD
  • Maximum Leverage: 1:20

Furthermore, there is an Islamic and a demo account available on the broker.

Pros and Cons

Let's go through the advantages and disadvantages of trading with AvaTrade Canada:

Pros

Cons

Strong Regulatory Oversight

Spreads, While Competitive, Aren't The Lowest In The Industry

Decent Range of Trading Platforms

Inactivity and Administration Fee

Relatively Diverse Selection of Tradable Instruments

-

AvaTrade Canada Account Registration and Verification

Canadian residents can easily open an account by following a simple process. AvaTrade registration:

#1 Access the AvaTrade Canada Website

On your preferred browser, search for AvaTrade Canada and visit the broker's website. Once there, click on the "Register Now" button.

AvaTrade sign up from the official landing page
once you enter the AvaTrade Canada website, click on the "Register Now" button to begin the account opening process

#2 Provide Your Personal Information

Type in the following information in the AvaTrade registration form:

  • Full name
  • Email address
  • Phone number

Now enter your temporary password recieved via email and use it to log in to your new account.

#3 Complete Your Profile and Verify Your Identity

After login, complete your profile details including date of birth, residential address, and trading preferences. Answer the trading experience questionnaire and upload the required KYC documents (e.g., government-issued ID and proof of address).

Trading Platforms and Terminals

AvaTrade Canada does an acceptable job in this regard, offering a suite of trading platforms:

  • MetaTrader 4 (MT4): The industry standard, known for its robust charting and automated trading capabilities;
  • MetaTrader 5 (MT5): An upgraded version of MT4, offering more timeframes and analytical tools;
  • AvaOptions: A proprietary platform specifically designed for options trading, with intuitive risk management tools;
  • WebTrader: A browser-based platform requiring no downloads, perfect for trading on-the-go.
AvaTrade Canada trading platforms
Trading platforms and terminals that are available via AvaTrade Canada

Commissions and Fees

AvaTrade Canada operates on a spread-based model, meaning it makes their money from the difference between buy and sell prices. Here's what you need to know:

  • Spreads vary based on the trading pair
  • No commissions on standard Forex and CFD trades
  • Spreads can widen during volatile market conditions

Based on our investigations, there are no charges on deposits and withdrawals. However, a $50 monthly inactivity fee is deducted from the accounts that have been inactive for 3 months or more.

Also, an administration fee applies to those with 12 inactive months or more. It's a monthly $100. Note that these commissions aren't charged if prohibited by Law.

If you want an easy way to reduce your trading costs with this broker, we suggets reading the AvaTrade Canada rebate article.

Deposits and Withdrawals: Payment Options

AvaTrade Canada offers 3 main methods for funding and withdrawing from your account:

  • Credit/Debit Cards: All major credit cards are accepted
  • Wire Transfer: Direct bank transfers
  • Google Pay: Available for clients

As stated by the broker, withdrawals are only processed by the same method used for deposits. The minimum funding amount at this broker is $250.

Does AvaTrade Canada Offer Any Copy Trading or Investment Options?

Unfortunately, The company does not currently offer copy trading or social investment features. This is a notable absence, especially considering that some of AvaTrade's global entities do provide these services.

Trading Markets and Available Instruments

The discussed brokerage offers a range of more than 170 tradable assets and pairs divided in 5 markets:

  • Forex: EURUSD, GBPISD, AUDUSD, and more
  • Commodities: Gold, silver, oil, soybean, wheat, and so on
  • Indices: Major global stock indices
  • Stocks: CFDs on shares of major international companies
  • Options: Vanilla options (similar to binary options) on forex pairs

Promotional Offers and Bonuses

AvaTrade Canada does not offer any bonuses or promotions to new or existing clients. This must be due to regulatory restrictions in Canada that limit such incentives.

Actually, most Forex Brokers with stringent regulatory licenses follow the same approach.

Support Team Contact Options and Schedule

The discussed brokerage has 3 channels for contacting its customer services team:

  • Ticket: Accessible on the "Contact Us" page of the website;
  • Live Chat: Available directly from the website and WhatsApp;
  • Phone: +1-877-846-2240.

The company doesn't provide a 24/7 support service; the open hours are Sunday 21:00 to Friday 21:00 GMT. Besides this, AvaTrade offers customer services in 14 languages.

Restricted Regions and Countries

As the title suggests, AvaTrade Canada operates exclusively in the North-American country. Therefore, it's not available in any other regions.

AvaTrade Canada Broker Trust Scores & Reviews

Websites, including Trustpilot, are decent sources for examining a broker's trust scoresAvaTrade Trustpilot Score is 3.2 out of 5 based on 3 customer reviews.

Educational Materials and Resources

AvaTrade Canada provides a dedicated "Education" section on its website, containing a wide range of educational articles for various skill levels, covering:

  • Trading guides for multiple markets and asset types
  • Leverage
  • Trading platforms
  • Technical analysis and trading strategies
  • Order types
  • Online trading strategies

Additionally, it provides resources for trading rules, economic calendars, and market terminology.

Comparing AvaTrade Canada with Well-known Forex Brokers

comparing the key features of AvaTrade Canada with other Forx brokers helps traders understand wether this broker satisfy thier needs.

Parameters

AvaTrade Canada Broker

Moneta Markets Broker

OctaFX Broker

FP Markets Broker

Regulation

CIRO

FSCA, FSRA

FSCA, MISA

ASIC, CySEC, FSC, FSCA, FSA

Minimum Spread

From 0.0 pips

From 0.0 pips

From 0.0 pips

From 0.0 pips

Commission

$0

From $0.0

From $0

$3

Minimum Deposit

$250

$50

$25

$50

Maximum Leverage

1:200

1:1000

1:1000

1:500

Trading Platforms

MetaTrader 4, MetaTrader 5, AvaOptions

MT4, MT5, Pro Trader, App Trader

MT4, MT5, OctaTrader, Octa Copy

MT4, MT5, cTrader

Account Types

Standard, Islamic, Demo

Direct, Prime, Ultra

MT4, MT5, OctaTrader

Standard, RAW

Islamic Account

Yes

Yes

Yes

Yes

Number of Tradable Assets

100+

1000+

277

1000+

Trade Execution

N/A

Market

Market

Instant

Conclusion and Final Words

AvaTrade Canada offers 3 accounts [Standard, Demo, Islamic] with leverage up to 1:20. The broker supports 3 payment methods [Credit/Debit Card, Bank Transfers, Google Pay] for both deposits and withdrawals.

There is a $50 inactivity fee and a $100 administration fee for inactive accounts, which are charged monthly.

FAQs

Is AvaTrade Canada safe to use?

Yes, the broker is regulated by CIRO.

What's the minimum deposit for AvaTrade Canada?

The minimum deposit is 250 USD.

Does AvaTrade Canada offer cryptocurrency trading?

No, crypto trading is not available.

What types of trading accounts are available for Canadian users?

Traders can access Standard, Demo, and Islamic accounts. While there's only one live account type for actual trading, the demo account suits practice and the Islamic account follows Sharia-compliant principles.

Which trading platforms can clients use at AvaTrade Canada?

Clients can trade via MetaTrader 4, MetaTrader 5, Ava Options, and Web Trader. MT4 and MT5 are known for charting and algorithmic trading, while AvaOptions is tailored for option strategies.

Are there any commissions or hidden trading fees?

AvaTrade Canada uses a spread-only model, meaning no trading commission is charged. However, spreads may vary depending on volatility. There are no deposit or withdrawal fees, but inactivity and administration charges apply.

What assets and markets are available to trade?

The broker provides access to 170+ instruments across Forex, commodities, indices, stocks, and vanilla options. Examples include EUR/USD, gold, major stock CFDs, and more.

How can users deposit or withdraw funds from their accounts in AvaTrade Canada?

Deposits and withdrawals can be made via credit/debit cards, wire transfers, and Google Pay. Withdrawals must use the same method as the deposit.

Is there a copy trading or investment product available?

No, AvaTrade Canada currently does not offer copy trading or portfolio investment products, unlike some of its international branches.

Are there inactivity or maintenance charges on AvaTrade Canada accounts?

Yes, After 3 months of inactivity, a $50 monthly fee applies. For accounts inactive for 12+ months, an additional $100 administration fee is deducted monthly. These fees are waived where legally restricted.

What kind of educational resources are provided for traders?

The platform includes a robust Education section featuring trading guides, platform tutorials, strategy insights, leverage usage, and economic calendars, suitable for both beginners and intermediates.

What support options are available in AvaTrade Canada?

Customer service is offered 24/5 via live chat, ticket, and phone support. Support is available from Sunday 21:00 to Friday 21:00 GMT, in up to 14 languages.

Does the broker offer any welcome bonuses or promotions?

No, AvaTrade Canada does not provide bonuses due to Canadian regulatory restrictions that prohibit such promotional practices.

Can traders open an Islamic account with AvaTrade Canada?

Yes, A Sharia-compliant Islamic account is available, ensuring no interest or swap fees are applied to overnight positions.

What is the maximum leverage available to Canadian clients?

AvaTrade Canada offers leverage up to 1:20, in compliance with CIRO guidelines to ensure risk control. This is lower than international counterparts, but suitable for regulated environments.

Where is the head office of AvaTrade’s Canadian division located?

The broker is headquartered at 220 Bay Street, Suite 600, Toronto, Ontario M5J 2W4, operating under the Friedberg Mercantile Group.

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