This AvaTrade review explores a strictly regulated and highly reputable broker. With several entities in multiple countries, AvaTrade is able to provide its services to traders across the world, making them a truly global online fore broker.
AvaTrade provides you with a wide range of tradable assets, including a relatively unique offering of forex options. If you want to expand your trading to other financial instruments, this broker is an outstanding choice.
They are also an excellent option for beginner traders thanks to the vast array of educational materials they offer, which includes a dedicated Academy.
AvaTrade is also a good choice for veteran traders. They offer special accounts with higher leverage for professionals, as well as a slew of tools to make trading easier.
Keep reading our in-depth AvaTrade review to learn more about how you can trade with this great broker.
- Extensive range of tradable financial instruments
- Attractive spreads
- Highly regulated in multiple jurisdictions
- Low minimum deposit
- Excellent bonuses for clients from certain countries
- Doesn’t accept clients from the United States
Learn more about this reputable global broker
Founded in 2006, AvaTrade was one of the first major brokerage firms in the retail forex and CFD sector. They have since grown to encompass several corporate entities in Ireland, Australia, Japan, South Africa, and the British Virgin Islands. They also have offices in Italy, Spain, Mongolia, China, Nigeria, and Chile.
AvaTrade is a highly regulated broker with a great reputation. They are dedicated to offering all traders an outstanding experience, whether you are a beginner or a professional.
This broker serves over 200,000 customers all over the world. They claim to execute more than two million trades every month with a total value of over $60 billion.
AvaTrade offers a wide range of tradable financial instruments, including forex options, which is quite unusual. AvaTrade also provides a significant number of quality trading platforms, as well as a number of trading tools and a comprehensive educational center.
This broker has also won an impressive number of awards over the years, including Best Forex Broker 2019, Most Innovative Broker CFD Broker in the UK, Top 10 Brokers in China, Best Trading Experience, and the Best Trade Execution at the Africa Expo Financial Awards.
Note that this broker does not accept clients from the United States.
Rigorously regulated across multiple jurisdictions
AvaTrade comprises five corporate branches in as many countries, with each branch regulated by the appropriate authority. This broker is registered with the following regulatory bodies:
- Central Bank of Ireland under reference number C53877
- Australian Securities & Investments Commission under license number 406684
- Financial Services Agency of Japan under no. 1662 and the FFAJ under no. 1574
- Financial Sector Conduct Authority of South Africa under license no. 45984
- Financial Services Commission of the British Virgin Islands
Our AvaTrade review team has concluded that this broker is regulated by some of the toughest authorities in the industry. AvaTrade is definitely a broker you can’t go wrong with in terms of regulatory compliance.
Regarding client protection, AvaTrade segregates all client funds from their operating funds. This ensures that if the firm were to become insolvent, your funds couldn’t be used to pay off company debts.
European clients also enjoy an added level of protection thanks to the Investor Compensation Fund. If AvaTrade is ever unable to cover their financial obligations to you, no matter how unlikely, this fund covers you up to EUR 20,000.
All AvaTrade customers also enjoy negative balance protection. This means that this broker fully and voluntarily bears any tail risk caused by unusual and/or extreme market movements.
Expect limited account types
Our AvaTrade review team discovered that the types of accounts differ slightly depending on your location.
EU clients can open a Retail or Professional account, clients in the UK and Ireland can also open a Spread Betting Account, while clients outside the European Union are only offered the Standard Account.
All account types allow hedging and scalping. They also feature variable spreads.
In the EU, Retail accounts offer a maximum leverage of 1:30 on currency pairs. The Professional account offers leverage of 1:400, but you have to fulfill certain conditions to quality.
According to AvaTrade, you need to fulfill at least two of the following conditions:
- You have had sufficient trading activity over the previous year. This means that you’ve made at least 10 trades of significant size per quarter.
- You have minimum one year’s relevant experience in the financial sector.
- Your financial instrument portfolio exceeds EUR 500,000.
International traders have access to the Standard account, which offers maximum leverage of 1:400 of currency pairs.
All accounts can be adapted for Muslim traders, which means overnight carry fees are waived. However, spreads are slightly higher on these accounts.
Our experts also found that AvaTrade offers a free demo trading account, making them an excellent choice for beginner traders.
Enjoy competitive spreads
Our AvaTrade review team found that this broker offers competitive spreads compared to many other popular brokers. For example, the EUR/USD currency pair’s spread starts at 0.9 pips, while the USD/JPY starts at 1.8 pips.
In terms of overnight carry fees, AvaTrade’s rates are on par with many other quality brokers. For a complete list of swaps, please visit the broker’s website.
This broker doesn’t charge any fees for withdrawals or deposits. However, you are responsible for any fees your bank or credit card company might charge.
AvaTrade does charge inactivity fees. If you don’t use your account for 3 consecutive months, you will have to pay an inactivity fee of $50. This fee will continue to apply for every quarter you don’t use your account.
They also charge an administration fee if your account is inactive for 12 consecutive months. The fee is $100 and is applicable in addition to the inactivity fee.
Limited payment methods
Our AvaTrade review team discovered that this broker offers limited payment methods. While it’s certainly not a deal breaker, it would be nice if this broker expanded the payment systems they accept.
If you are in the European Union, you can only deposit and withdraw money using a credit card or via wire transfer. Outside the European Union, depending on your location, you’ll also have access to some e-payment systems, like Neteller, Skrill, and WebMoney.
Note that only verified accounts can make deposits or withdrawals, which requires a copy of a valid identification document such as a passport or ID card and a copy of a document containing proof of address.
Deposits via credit card are usually processed instantly, though it can take up to one business day for your first deposit. E-payments take up to 24 hours to go through, while bank transfers can require as long as 10 business days.
AvaTrade generally processes and sends withdrawals within one business day. However, it can take more time to receive the payment once it’s been approved and processed. Credit cards can take up to 5 business days, e-wallets approximately 24 hours, and bank transfers up to 10 business days.
Certain clients enjoy attractive bonuses
Clients from certain countries can also enjoy excellent bonus offers, including an attractive welcome bonus. This is subject to change, so make sure to check the AvaTrade website to see what’s available. Also, please note that conditions do apply.
Our AvaTrade review team also discovered that this broker offers other earning opportunities to all clients, regardless of location.
The refer a friend program is a great way to earn some additional cash to trade with. You can earn between $50 and $250, depending on how much your friend’s first deposit amounts to, but it must not be less than $500. They also have to open a minimum of 10 trades.
Take advantage of a wide range of great trading platforms
The AvaTrade website is nicely designed and user-friendly. It has all the information you could need, but some of it can be a bit of a challenge to find. Our experts found a lot of useful information in the FAQ, for example, rather than on the main site.
Setting up a live account is on par with most other quality brokers. You’ll have to answer some questions, provide some personal information, and also supply certain documents to verify your account.
If you want to set up a demo account, you can do so without registering for a live account. All you need to provide is your name, an email address, and a phone number. This makes it a great opportunity for you to test out AvaTrade to determine if they’re the right fit for you.
Our AvaTrade review team was impressed with the number and quality of platforms this broker provides. We’ve compiled a handy overview of trading options offered by AvaTrade below:
MetaTrader 4 and MetaTrader 5
You can opt for the highly popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Both platforms come with extensive charting and analytical tools to help you trade effectively. You can also use trading robots on these platforms.
WebTrader is another option. This web-based platform is very user-friendly and ideal for beginners. It provides all the tools you need to trade effectively without going overboard.
If you plan on trading forex options, you will have to use AvaOptions. This proprietary platform makes trading options a little simpler by providing essential information in a graphical format, such as trade risks and potential payoffs.
Social Trading Options
Our experts were also pleased to see that AvaTrade offers social trading options through DupliTrade and ZuluTrade. If you’re a beginner, social trading can be a great way to learn more about trading while still making a profit. These systems allow you to copy trades placed by experienced AvaTrade traders.
AvaTrade also offers a wide range of trading tools, including a trading calculator, an economic calendar, the AutoChartist tool, and market analysis.
The AutoChartist tool is available for free to clients who make a minimum deposit of $500. It’s extremely useful as it scans multiple assets in real-time, finds trading opportunities, and sends you an alert so you never miss out.
Enjoy easy mobile trading
AvaTrade’s website is mobile-responsive, so you can easily browse on any mobile device for information you might need.
Our AvaTrade review team discovered, though, that AvaTrade offers a platform specifically for mobile devices. AvaTradeGO is not actually a forex trading platform, but more of a portal that manages your entire account and the mobile version of MT4.
Using AvaTradeGO, you can trade using your mobile phone or other device via MT4. However, you also have access to a great dashboard that gives you a real-time overview of everything that’s happening in your account. AvaTradeGO also comes with Market Trends, which is a social trading application.
If you prefer, though, you also have the option of using the mobile version of MT4 directly.
Regardless of which platform you choose, AvaTrade ensures that you can easily trade from anywhere and on any device.
Benefit from an impressive array of educational materials
While conducting our review of AvaTrade, we were impressed to discover the extensive array of educational materials this broker offers. Not only do they have plenty of materials available on their site, but they’ve set up a dedicated educational website featuring premium content for their customers.
Sharp Trader features educational content for all levels of trading experience in a variety of formats. They have complete courses with videos, articles, and more available for beginners, but also more advanced content for experienced traders.
The Sharp Trader website also offers news and market analysis to ensure you have all the information you need to become a better trader.
Great support from an outstanding team
Our team of experts tested the AvaTrade support team and found that they are quick to respond, helpful, and knowledgeable.
This broker offers support via live chat, phone, and email in 14 languages, which is impressive and proves AvaTrade does their best to offer a great trading experience.
Support is available 24 hours a day on weekdays. Essentially, as long as the markets are open, you will be able to reach AvaTrade’s customer service team.
Sign up with AvaTrade for a great trading experience
Our AvaTrade review team concluded that this broker is an excellent option for beginner and veteran traders alike.
You’ll be able to enjoy a wide range of tradable assets, a low minimum deposit, alternate earning options, as well as an extensive range of trading tools and educational materials. You’ll have all the opportunities you need to become the best trader you can be.
Sign up with this highly reputable global broker today if you want to enjoy an outstanding trading experience.