AvaTrade Review

Review

Irish-headquartered AvaTrade grew into one of the most trusted and well-known brokers. The success of its educational division, SharpTrader, drove growth and resulted in a spin-out. AvaTrade focuses on growing its market share behind an excellent choice of trading platforms and a wide choice of assets. I reviewed AvaTrade to determine if its advertised next generation of trading tools provide traders with a competitive edge. Does AvaTrade deserve your deposits?

Pros

  • High-quality educational offering via SharpTrader

  • Excellent choice of trading platforms catering to various trading needs

  • Broad asset selection and cross-asset diversification opportunities

  • Well-regulated and trusted broker with oversight from a central bank

Cons

  • Trading costs competitive but nothing special

Summary

AvaTrade Overview - A Trusted Broker with Excellent Educational Resources 

🗺️ HeadquarterIreland
⚖️ RegulationsCentral Bank of Ireland, BVI, FSCA, ASIC, ADGM-FSRA, FSA/FFAJ, ISA
💰 Established2007
💰 Minimum Deposit$100
💰 Maximum Retail Leverage1:400
📊 Execution TypeMarket Maker
🛍️ Trading Platform(s)MT4, MT5, WebTrader, AvaOptions, AvaTradeGO, Ava Social

AvaTrade offers traders a broad range of trading platforms, including a dedicated options trading platform and its proprietary mobile app and social trading platform. The available assets present a balanced mix, offering clients in-depth cross-asset diversification from a commission-free pricing environment.

AvaTrade Main Features 

Retail Loss Rate

71.00%

Regulation

Yes

Minimum Raw Spreads

Not applicable

Minimum Standard Spreads

0.9pips

Minimum Commission for Forex

Commission-free

Commission for CFDs/DMA

Commission-free

Commission Rebates

Not applicable

Minimum Deposit

$100

Demo Account

Yes

Managed Account

No

Islamic Account

Yes

Inactivity Fee

$50 after three months, recurring

Deposit Fee

No

Withdrawal Fee

Third-party

Funding Methods

5

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Regulation and Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. AvaTrade presents clients with seven well-regulated entities.

Country of the Regulator

Name of the Regulator

Regulatory License Number

Ireland

 

Central Bank of Ireland

Reference Number C53877

The British Virgin Islands

 

Financial Services Commission

License Number SIBA/L/13/1049

Australia

 

Australian Securities and Investments Commission

License Number 406684

South Africa

 

South African Financial Sector Conduct Authority

License Number 45984

Japan

 

Financial Services Agency /

Financial Futures Association

License Number 1662 /

License Number 1574

United Arab Emirates (Abu Dhabi)

ADGM - Financial Regulatory Services Authority

License Number 190018

Israel

 

Israel Securities Authority

License Number 514666577

The regulatory environment at AvaTrade is outstanding and one of the most trusted industry wide. AvaTrade segregates client deposits from corporate funds and offers negative balance protection. Select jurisdictions also maintain an investor compensation fund.

I want to note that the trading environments offered by these seven jurisdictions are significantly different, as the relevant regulators have varying degrees of restrictions. Since most international traders have choices, I recommend selecting the one, if possible, that is best suited to achieve your trading goals. While most beginner traders will find each regulatory environment equally satisfactory, the British Virgin Islands or South Africa may be the best suited for committed, active traders requiring higher maximum leverage.

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Fees

AvaTrade offers traders a commission-free pricing environment, but it comes with higher spreads. The EUR/USD starts with 0.9 pips or $9 per 1.0 standard lot.

Equity traders pay a minimum spread of 0.13%, also commission-free. Some equity traders may achieve a competitive pricing environment on select assets, dependent on trading volume and duration. Index and commodity traders get the best offer, as trading costs here rank among the best industry wide.

AvaTrade Forex Spreads

AvaTrade Forex spreads remain relatively higher compared to fully commission-based brokers.

Minimum Forex

Commission per Round Lot

Cost per 1.0 Standard Lot

0.9 pips (minimum)

$0.00

$9.00

1.5 pips (average)

$0.00

$15.00

 

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

MT4/MT5 traders can easily access swap rates from their platform by following these steps:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free AvaTrade account.

 

Taking a 1 standard lot buy/sell position, in the EUR/USD at the tightest spread and holding it for one night will cost the following:

Minimum Spread

Commission per Round Lot

Swap Long

Swap Short

Total Trading

Costs

0.9 pips

 

$0.00

-$7.58

X

$16.58

0.9 pips

 

$0.00

X

-$3.62

$12.62

 

Taking a 1 standard lot buy/sell position, in the EUR/USD at the tightest spread and holding it for seven nights will cost the following:

Minimum Spread

Commission per Round Lot

Swap Long

Swap Short

Total Trading

Costs

0.9 pips

 

$0.00

-$53.06

X

$62.06

0.9 pips

 

$0.00

X

$25.34

$34.34

Traders must consider if the product and services portfolio at AvaTrade warrants higher trading costs, which remains an individual decision. I also want to point out the recurring inactivity fee of $50 after three months of dormancy, faster than most brokers but not an issue for active traders. After twelve months of inactivity, an administration fee of $100 applies.

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What Can I Trade

AvaTrade has 55 currency pairs, 16 cryptocurrency pairs, 27 commodities, and 31 index CFDs. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list. I like the asset selection as it remains a well-balanced choice of trading instruments, suitable for all traders.

Asset List and Leverage Overview 

Currency Pairs

55

Cryptocurrency Pairs

16

Commodities and Metals

27

Index CFDs

31

Equity CFDs

614

Bonds

2

ETFs

58

Options, Futures, and Synthetics

44

Maximum Retail Leverage

1:400 (dependent on regulatory jurisdiction)

Maximum Pro Leverage

1:400

AvaTrade Leverage 

The leverage at AvaTrade depends on the regulatory jurisdictions. Most retail traders get a maximum of 1:30, in line with ESMA restrictions. Traders through the British Virgin Islands, South Africa, and professional clients qualify for maximum leverage up to 1:400.

AvaTrade Trading Hours (GMT)

Asset Class

From

To

Cryptocurrencies

Monday 00:00

Sunday 24:00

Forex

Monday 00:00

Friday 24:00

Commodities

Sunday 22:00

Friday 20:59

European CFDs

Monday 07:00

Friday 15:59

US CFDs

Monday 13:30

Friday 19:59

 

Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.

I recommend the following step for MT4/MT5 traders to access trading hours:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Sessions.

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Account Types

I like that AvaTrade offers the same trading account to all traders. An option to qualify for a professional account exists, but the requirements remain high, per regulatory stipulations, and most will not achieve this status. The minimum deposit is an acceptable $100, and the trading conditions warrant it. Leverage depends on the regulatory jurisdiction of the AvaTrade subsidiary, ranging between 1:30 to 1:400 for retail traders.

AvaTrade Demo Account

A demo account is available but restricted to 21 days, which is a little on the short side. However, potential clients may contact customer support to extend the trial or open a new demo account. I would like to see AvaTrade provide an unlimited demo account for beginner traders and those testing strategies and algorithmic trading solutions.

AvaTrade Demo Account

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Trading Platforms

AvaTrade offers traders a familiarity with MT4/MT5, is a leader in algorithmic trading, and is equipped with an integrated copy trading platform. It also deploys its proprietary WebTrader and mobile app AvaTradeGO, where it embeds services provided by Trading Central, additionally available as an MT4/MT5 plugin.

I like that AvaTrade invested in a proprietary social trading platform, Ava Social. It shows that AvaTrade monitors its trends and commits capital where necessary to deliver the services its client-base requests. Another nice touch is the options trading platform, AvaOptions, dedicated to vanilla options traders.

Overview of Trading Platforms

MT4

Yes

MT5

Yes

cTrader

No

Proprietary/Alternative Platform

Yes

Automated Trading

Yes (MT4/MT5 only)

Social Trading / Copy Trading

Yes

MT4/MT5 Add-Ons

No

Guaranteed Stop Loss

No

Negative Balance Protection

Yes

Unique Feature One

Trading Central (not for MT4/MT5)

Unique Feature Two

Proprietary social trading platform

 

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Unique Features

Besides services by Trading Central, ideal for beginner traders and those unable to conduct broad-based market analytics, I like the Trading Position Calculator AvaTrade maintains on its website. It presents an excellent risk management tool, provides vital trading information, and allows traders to plan and maintain their portfolios.

Another fact I want to note is the superb transparency at AvaTrade, which ensures all necessary information for each trading instrument is publicly available on its website.

AvaTrade Trading Position Calculator

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Research and Education

Quality research at AvaTrade remains limited to services by Trading Central, which I find an intelligent solution. It frees up resources and allows AvaTrade to focus on its core business while presenting clients with a trusted third-party solution. The AvaTrade blog features brief market commentary, but nothing as valuable as Trading Central.

AvaTrade shines when it comes to education and displays care for beginner traders. While the official website featured content, the primary service is available at SharpTrader. AvaTrade spun out the educational section amid tremendous success, and it remains one of the best overall resources for new traders across the industry. SharpTrader delivers over 40 courses and 200 videos, and I highly recommend beginner traders to take their time with valuable lessons.

SharpTrader by AvaTrade

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Customer Support

The bulk of customer support at AvaTrade consists of its FAQ section and its chatbot. E-mail and phone support are equally available, and the multi-lingual customer support team stands by during market hours. AvaTrade explains its products and services well, and I think most will never require assistance. In case the need arises, AvaTrade ensures easy access to customer support.

AvaTrade Customer Support

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Bonuses and Promotions

Bonuses and promotions at AvaTrade are available at select subsidiaries, dependent on the regulator. Where available, AvaTrade presents traders with a deposit bonus and a refer-a-friend program. Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus.

AvaTrade Deposit Bonus

AvaTrade Refer-a-Friend Program

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Opening an Account

The account opening process at AvaTrade for international traders requires only an e-mail and password. Some jurisdictions may require additional information. As AvaTrade is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations. Most traders will satisfy it by sending a copy of their ID and one proof of residency document. I like the simplicity AvaTrade deploys here.

AvaTrade Account Opening Form

AvaTrade Account Verification

Minimum Deposit

The minimum deposit at AvaTrade is $100, a reasonable request but higher than at some other Forex brokers. I recommend depositing at least $200 to qualify for the deposit bonus for superior long-term portfolio growth.

Payment Methods 

AvaTrade offers bank wires, credit/debit cards, Skrill, Neteller, and PayPal. I think most traders will find them suitable.

Accepted Countries 

AvaTrade caters to most international traders, including the UK, South Africa, Malaysia, Canada, and India. AvaTrade does not accept traders who are US persons.

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Deposits and Withdrawals

The secure back office at AvaTrade processes deposits and withdrawals. AvaTrade does not levy internal costs on transactions, but third-party fees may apply. I recommend traders double-check with their preferred payment processor about this. While AvaTrade processes withdrawal within 24 hours, it may take up to ten business days for traders to receive their funds. The overall process remains swift, but I would like AvaTrade to add cryptocurrencies as an option.

AvaTrade Deposit Methods

AvaTrade Withdrawal Processing Times

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General Information

Company Information

  • Broker's Name : AvaTrade
  • Headquarters : Ireland
  • Regulation :

Account Information

  • Type of Broker : ECN/STP
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:400
  • Commissions / Spreads : Spread
  • Account 1 : Retail
  • Account 2 : Professional
  • Account 3 : Spread Betting
  • Account 4 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • CFDs :
  • Commodities :
  • Metals :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based
    • Platform Languages :
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • German
      • Russian
      • Portuguese
    • OS Compatibility :
      • Windows
      • Mobile
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Swedish
      • Portuguese
      • Russian
      • Chinese
      • Japanese
      • German
      • French
      • Italian
      • Arabic
      • Spanish
      • Finnish
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Avatrade vs Comparisons

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FAQs

Is AvaTrade legitimate?

Yes, AvaTrade is legitimate. AvaTrade was founded in 2006 and became one of the most trusted and transparent Forex brokers worldwide

How long does it take to withdraw money from AvaTrade?

AvaTrade processes withdrawals within 24 hours, but it may take up to ten business days for traders to receive funds.

Is AvaTrade good for beginners?

AvaTrade is one of the best brokers for beginners due to its trading academy, SharpTrader.

Is it safe to trade with AvaTrade?

AvaTrade has seven regulators, extensive experience, and remains one of the most transparent brokers. Therefore, it is safe to trade with AvaTrade.

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Summary

I like the trading environment at AvaTrade as it presents a range of trading platforms and enough assets suitable for most investors and traders. It also offers one of the best choices for beginner traders and a secure and trustworthy trading environment with a high level of transparency. Overall, I rank AvaTrade as one of the best retail brokers available.

AvaTrade deserves a positive review. Fees are reasonably competitive for depositors, especially those trading individual stocks and shares wrapped as CFDs. The range of assets offered for trading is unusually diverse, including even Forex vanilla options and several ETFs (exchange traded funds), as well as a large range of individual stocks and shares, making AvaTrade a more suitable broker for traders seeking diversification across markets. AvaTrade’s reputation is right up at the high end of the industry, with a lengthy track record and good regulatory standing in the European Union, which is particularly impressive, not to mention its good standing in Australia.

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User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.



36 User Reviews
aria

hi maria, yes they are very good we are happy you can start with only $100

Marcos

i am from south africa, good broker to trade with. i opened a demo account to start but it is easy to follow

MariaV

i saw ad for 50% spread reduction, anyone make account with avatrade and can tell me good things?thanks

anna

i am happy with avatrade and their regulation. Thank you for detailed review

Jay Marylyn

Great broker for beginners .

AvaTrade Team

Hello, John! The maximum lot size we offer is 1. It accounts for 100 000 trading volume. The lot sizes are the same for all the financial instruments. Kind Regards, The AvaTrade Team

john

What is the maximum lot size allowed by Ava trade when trading ? Does it vary for different instruments being traded?

Haley Rayden

I opened an Avatrade live account and I was surprised to find how quick and easy it was, although there was one day that the connection to their site was broken, the rest of the days it worked very smoothly

Graham Alkema

I would suggest that you chat to Avatrade’s representatives through their live chat, you can get all the info you need from them

vanyoelle12

I have to come out of the dark to help traders. With my Binary option and Forex strategies, I have made profit in the past 3 years and now I make £20,000 every week. After changing a lot of strategies, I and my associates have decided to share this one since it's a success. It is the least I can do for beginners or people who have lost much to binary options and are looking for the right strategy which I am willing to help for free. Email me via my email vanderlaanyoelle007@gmail.com for help.

Jerrod Hayes

Avatrade is so regulated, I don’t think there is a type of regulation that they are not included in. This is the main reason I chose to trade with them

Anubavsheik

Dear Amir, please kindly understand that i never meant Avatrade is a bad broker, it might be a great broker, but since it is a desk dealer i would not invest my hard earn money and it is really unfortunate that without properly doing research you simply called me a lair, it is totally false. OctaFX Is regulated company by the authorities of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation) Act. Now about they are working on it that is mainly for the other place, so basically they are trying to expand their reach. I hope it’s clear for me and please next time do proper research before pointing fingers at anyone.

AmirS

OctaFX isn't regulated - it says right on their 'regulation' page that they're working on it....so I wouldn't trust their trading, nor do I trust your comments, as clearly you'r misguided. AvaTrade is very reliable, and regulated in multipel countries.

Anubavsheik

I always love to trade with brokers had have good bonus offers, as that helps me trade without big investment, but at the same time they must be reliable and reputed, unfortunately with Avatrade they have large bonus, but been a desk dealer i cannot trust them. I trade with a true ECN company OctaFX, as they are also regulated, so i am able to make smooth trading orders with all of them getting executed instantly without any requotes. It helps greatly to increase income consistently.

mashfaq78

People want to join Avatrade must avoid it. Its website looks very comprehensive and shows a lot of achievements. Till your registration process and funding your account, a warm welcome and full time response is paid. But as you fund your account you will not see any more response from Ava trade. There would be no response from all their service departments. Here you would want to withdraw your money, but would not be able to get it as their operations are manual and there would be no response from Ava trade team. Moreover, its spread rate is very high as compared to others, stop loss and take profit limit is not work on appropriate points and many more to describe here. So I strongly recommend it for you to avoid it prior to get yourself helpless. For further details you can mail me at mashfaq78@gmail.com

ACZ

Ava Trading Platform is great indeed! Exciting and easy to navigate. My DEMO ACCOUNT with $100,000.00 becomes $170,000.00+ in less than 24 hours trading in 1-min. time frame. How I wish it was a REAL ACCOUNT.The only thing that frustrates me, especially in times I foresee potential profit, is the execution speed - relatively slow, both in opening and closing a deal.

Just download Ava the same way you download everything else. What are you from another planet?

What's the problem. Just follow the directions on the website. The ava software is so easy to follow.

Can someone help me download Ava?

I wish avatrader would help me make some money. I like it but maybe I'm not doing something right….

I've been trading with the company a long time and sometimes I make money and sometimes I don't. what can you do?

AVA software is different than other Forex brokers. I was able to open a demo account without any trouble and I can practice forever till I feel confident about trading with real money. It's great. Lots of fun.

I'm not so good with computer but someone taught me how to download AVA program and how I can make money. So I did and I made a little money. Then I lost it again.

I opened an account with AVA forex several months ago and I have been happy with how things are progressing. They seem like a nice company and I just hope I make some money

Is AVAtrader new? How comes I never saw it before on the website? It's pretty good and very helpful for people like me who don't do so much trading. I wish I had more money to invest….

AVAtrader's been around awhile. It's not any different from a lot of other broker's platforms. I guess it's as good as the others. It works.

I'm always looking for a broker that is simple and will help me make money. AVA forex trading sounds good on paper and I am hoping will really be good. It's not easy to come out ahead with investments and I haven't been so lucky so far.

I am so happy with the AVA software. It is so easy to navigage and I am thrilled with it. Thanks so much.

Ava trade offers the popular Meta Trader 4 platform, but when will they start offereing the new Meta Trader 5 platform? I understand it's a terrific platform.

can someone help me download Ava?

That's because American regulation is stricter and AVA forex hasn't applied for it. But I know they are regulated by other regulators. I'm sure it is listed on the site.

I liked the updated Ava forex review. I'm still wondering why the company doesn't allow Americans to trade.

Yes, it really is disgusting how people can cheat innocent victums. We all want to make some money but most of us try to do it in an honest way. AVA forex is a pretty honest company

So far I haven't heard about any Ava scams and I hope I never do. There are too many crooks out there doing all kinds of funny business and it make me angry.

ElenaA.

One of the finest brokers out there. avatrade platform is great.. and the withdrawl procedure takes couple of days, but it's legit 100%

magin

Ava trading is one of the better companies out there today. The accounts are easy to open and the customer service people are pretty straight forward and helpful

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