AvaTrade Broker Review Editor’s Verdict

Irish-headquartered AvaTrade has grown into one of the most trusted and well-known brokers. The success of its educational hub, AvaAcademy has set the bar higher for Forex instruction. 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?

Ratings

Overall
4.6/5
Fees
3/5
Deposit and withdrawal
4.5/5
Asset selection
5/5
Regulation and security
5/5

AvaTrade Pros & Cons

Overview

AvaTrade Overview - A Trusted Broker with Excellent Educational Resources

Headquarters
Ireland
Regulators
ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
2006
Execution Type(s)
Market Maker
Minimum Deposit
$100
Negative Balance Protection
Trading Platform(s)
Other, MetaTrader 4, MetaTrader 5, Web-based
Average Trading Cost EUR/USD
0.9 pips
Average Trading Cost GBP/USD
1.5 pips
Average Trading Cost WTI Crude Oil
$0.03
Average Trading Cost Gold
$0.29
Average Trading Cost Bitcoin
$39
Retail Loss Rate
77.82%
Minimum Raw Spreads
Not applicable
Minimum Standard Spreads
0.9 pips
Minimum Commission for Forex
Commission-free
Funding Methods
5(Bank wires, credit/debit cards, Skrill, Neteller, PayPalAvaTrade)
Islamic Account
Signals
US Persons Accepted?
Managed Accounts

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 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
United Arab Emirates, Australia, Ireland, Israel, Japan, British Virgin Islands, South Africa
Name of the Regulator
ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
Regulatory License Number
C53877, SIBA/L/13/1049, 406684, 45984, 1662, 190018, 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.

AvaTrade Fees and Commissions

Average Trading Cost EUR/USD
0.9 pips
Average Trading Cost GBP/USD
1.5 pips
Average Trading Cost WTI Crude Oil
$0.03
Average Trading Cost Gold
$0.29
Average Trading Cost Bitcoin
$39
Minimum Raw Spreads
Not applicable
Minimum Standard Spreads
0.9 pips
Minimum Commission for Forex
Commission-free
Deposit Fee
Withdrawal Fee
Inactivity Fee
$50 quarterly after 3 months

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.

What Can I Trade on AvaTrade?

At Avatrade traders can trade a range of popular cryptocurrencies, like Bitcoin plus Bitcoin Cash, Litecoin and Ethereum. 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
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics

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
FromTo
Currency Pairs
Monday 00:00Friday 24:00
Cryptocurrencies
Monday 00:00Sunday 24:00
Commodities
Sunday 22:00Friday 20:59
Crude Oil
Sunday 22:00Friday 21:00
Gold
Sunday 22:00Friday 21:00
Metals
Sunday 22:00Friday 20:59
Equity Indices
Monday 07:00Sunday 19:59
Bonds
Sunday 23:45Friday 20:59
ETFs
Monday 07:00Sunday 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.

AvaTrade 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

AvaTrade 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 trading platforms.

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
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin

Unique Features

AvaTrade offers clients its in-house developed risk management tool AvaProtect, which insures against losing trades, for a fee, allowing traders a further option to hedge their risk.

How to activate AvaProtect?

AvaProtect is available on every asset AvaProtect covers, marked by a yellow shield, displayed between the bid and ask price.

Here is how to activate AvaProtect:

  • Select an asset covered by AvaProtect
  • Click the AvaProtect icon
  • Choose the duration of your protection
  • Evaluate the fee and expiry date
  • Execute your AvaProtect trade

How much does AvaProtect cost?

The cost depends on the asset, expected volatility, and duration. AvaTrade will display the fee, which it deducts from your account balance when you execute your trade, and traders agree to it by taking the position.

What protection timeframes are available with AvaProtect?

AvaProtect has 1-day and 2-days timeframes, with 1-hour, 3-hour, 6-hour, and 12-hour sub-periods.

How does AvaProtect work?

Traders pay a fee for the protection period, and if they close their trade with a profit, they keep it. Traders who close their position at a loss during the protection period get automatically reimbursed by AvaTrade but face the loss if they exit it after AvaProtect expires.

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

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 considerable care for beginner traders. The broker’s top-notch educational center, AvaAcademy provides a wealth of high-quality training materials, and it remains one of the best overall resources for new traders across the industry. AvaAcademy delivers approximately two dozen online trading courses, 150 lessons, and 50 quizzes, and I highly recommend beginner traders to take their time exploring this valuable resource.

SharpTrader by AvaTrade

Customer Service

Customer Support Methods
email-support chat-support
Support Hours
24/5
Website Languages
EN
ES
AR
IT
FR
DE
JP
ZH
RU
PT
SV
FI

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

AvaTrade Bonuses

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

AvaTrade Opening 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

Withdrawal options
  • Credit Cards
    MoneyBookers
    Wire Transfer
    Neteller
    Skrill
    Other
  • Deposit options
  • Credit Cards
    MoneyBookers
    Wire Transfer
    Neteller
    Skrill
    Other
  • ​Supported Countries

    AvaTrade caters to most international traders, including:

    • UK
    • South Africa
    • Malaysia
    • Canada
    • India.

    ​AvaTrade does not accept traders who are US persons.

    AvaTrade Deposit and Withdrawal Methods

    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

    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.

    AvaTrade alternative brokers & comparison

    FAQs

    Is AvaTrade legitimate?

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    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?

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    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?

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

    Is it safe to trade with AvaTrade?

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

    DailyForex.com Team
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