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AvaTrade Broker Review 2024

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AvaTrade Broker Review 2024
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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!

Overview
Company:AvaTrade
Founded:Ireland
Min Deposit:100
Max Leverage:400
Headquarter:Ireland
US Accepted:
About
AvaTrade is a forex broker offering 1250+ instruments for trading on MetaTrader 4, MetaTrader 5, WebTrader, and its proprietary mobile app. You can trade futures and set leverage up to 1:400 on this brokerage. AvaTrade was established in 2006.
Contact
AvaTrade Financial Center, Five Lamps Place, Amiens St, Mountjoy, Dublin
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Multiple Trading Platforms, Including MT4/MT5
Well-regulated by Multiple Authorities
Wide Range of Trading Instruments
Cons
Limited Account Types Compared to Some Competitors
AvaTrade
AvaTrade review with pros & cons and details about the broker

AvaTrade is a reputable forex broker operating since 2006 with 9 licenses from top-tier authorities such as ASIC and CySEC. This brokerage performs well in features too, offering leverage up to 1:400 and popular trading platforms. If you're interested in learning more in-depth details about this broker and see if it is actually suitable for you, read the rest of this article.

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)
AvaTrade ASIC Regulation
AvaTrade Forex Broker ASIC Regulation
  • 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

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:

  1. Visit the official website (www.avatrade.com);
AvaTrade registration button
How to start signing up on AvaTrade forex broker by clicking on the buttton
  1. Click on "Open A Free Trading Account" or "Register" button;
  2. Fill in the registration form with your email address and create a password;
  3. 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

AvaTrade Trading Platforms
AvaTrade Supports 5 Trading Platforms including MT4 & MT5.

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

AvaTrade Fee
AvaTrade Forex Broker Fees & Commissions

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 the 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. At 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 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 Instruments & Assets
AvaTrade Supports 7 Instruments and Markets.

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

AvaTrade Restricted Countries
AvaTrade Doesnā€™t Provide Any Services To U.S Traders.

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. At this section, we will have a look at the average ratings on reputable websites:

  • Trustpilot: 5 out of 5, based on over 8,000 reviews
  • ForexPeaceArmy: 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

AvaTrade Education Center
AvaTrade Provides Educational Matters Such as Trading Guides and Market Analysis.

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.

Trading Finder Expert UndiConclusion and Final Words

AvaTrade is a reliable forex broker offering more than 1250 assets for trading with leverage up to 1:400 on MT4/MT5 platforms. Its regulatory licenses from high-tier authorities make it a trustworthy option for traders. Overall, AvaTrade could be suggested for trading in various markets, but it does not offer enough choices for trading account types.

FAQs
Is AvaTrade safe and regulated?

Yes, the broker is regulated by multiple tier-1 authorities, including ASIC and CBI.

What is the minimum deposit for AvaTrade?

The minimum deposit is $100.

Does AvaTrade offer leverage?

Yes, up to 1:400, subject to regulatory restrictions.

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