AvaTrade Review: Why you should care

avatrade review

Have you decided to start trading forex and CFDs and looking for a broker committed to your success? Well, we have found one broker we think is worth checking out: AvaTrade. Since the company launched several years ago, it has continued to provide excellent services that traders have come to love. Whether you’re an experienced trader or just starting out, AvaTrade has everything you’ll need to start trading forex and CFDs.

Currently, AvaTrade has over 200,000 satisfied clients worldwide. With a regulated presence on five continents and the possibility to trade through numerous adaptable platforms, tools, and options, it’s easy to see why AvaTrade is the go-to option for people looking to trade forex and CFDs. As a leading forex broker, AvaTrade offers sophisticated trading solutions for customers no matter their experience or knowledge.

In addition, AvaTrade is a multinational corporation with headquarters in Dublin, Ireland, and regional offices worldwide, including in countries such as France, Italy, Spain, Japan, Beijing, Australia, South Africa, and more.

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AvaTrade pros & cons

Pros

  • With licenses in multiple jurisdictions, AvaTrade is a secure (low-risk) broker for trading CFDs and forex.
  • AvaTrade has its own dedicated platforms, including AvaTrade WebTrader and AvaTradeGO, which supports cutting-edge features like AvaProtect and MetaTrader.
  • Sentry Derivatives and AvaOptions app offers AvaTrade customers a fantastic mobile forex options trading environment.
  • AvaTrade provides over 1,200 CFDs in addition to 44 FX choices.
  • AvaTrade won Best in Class for 2022 and provided AvaSocial, ZuluTrade, and DupliTrade for social copy trading.
  • For 2022, AvaTrade is the best choice for professional traders.

Cons

Top Recommended Platforms

MIN. DEPOSIT

$50

EXCL. OFFER

USER RATING

9.8

4.9/5

78% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MIN. DEPOSIT

$100

EXCL. OFFER

USER RATING

9.7

4.8/5

Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.

MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.6

4.5/5

CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • The platform’s pricing for retail accounts is standard, although it lags behind leaders.
  • Compared to competitors’ responsive mobile design, the AvaOptions desktop platform loads slowly and has an old-fashioned interface.
  • There are 351 symbols on hold for both the MetaTrader and WebTrader platforms at AvaTrade.
  • AvaTrade provides limited research tools. As a matter of fact, traders only have access to a few daily articles, videos and Trading Central modules.

AvaTrade: Is it safe?

When it comes to safety, AvaTrade is trusted by thousands of traders. They have continued to provide exceptional services since they started operations several years ago. For those asking if AvaTrade is a safe trading platform, the answer is a resounding yes.

AvaTrade has a 93 out of 99 total Trust Score, so to is regarded as low-risk. In addition to being located in four tier-1 jurisdictions, four tier-2 jurisdictions, and one tier-3, AvaTrade does not have a public listing and does not operate as a bank. 

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Among the tier-1 regulators that have granted AvaTrade authorization (JFSA), there is the Central Bank of Ireland (CBI) – Ireland, the Australian Securities & Investment Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), and the Japanese Financial Services Authority.

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Offering of investments

Depending on the trading platform you select and which of the brand’s international organizations manages your account, AvaTrade offers a variety of marketplaces. MT5 and WebTrader have approximately 1,260 symbols in AvaTrade.

There are different investment products available to AvaTrade clients, such as Forex Trading, Trading – Forex or CFDs, Tradeable Symbols (Total) 1260, Forex Pairs (Total) 55, Social Trading / Copy Trading Yes, Cryptocurrency (CFD).

Trading cryptocurrency is only possible at AvaTrade through CFDs; trading the underlying asset is not an option (buying Bitcoin). Notably, neither U.K. residents nor retail traders in the country are permitted to trade cryptocurrency CFDs.

Fees and commissions

Although AvaTrade’s spreads, which are just under one pip (0.9 pips) each, are slightly more significant than those offered on the entry-level accounts provided by CMC Markets and Tickmill, they are still within the range of the industry average.

Professional traders: If you meet the requirements to be elected as a professional trader, AvaTrade’s Professional account offers competitive spreads of 0.6 pip, comparable to FP Markets.

Non-trading fees: Inactivity fees apply to accounts that do not exhibit activity for three months. This will cost you $50 every quarter. Additionally, if the account remains inactive for 12 months, the broker will charge an administration fee of $100. Therefore, you should monitor your account.

AvaTrade Spread: Due to the spread between the price of the ask and bid, AvaTrade doesn’t impose commissions.

CFDS fees: You have the option to trade commodities, bonds, ETFs, indices, and stocks through CFD trading at AvaTrade. AvaTrade’s CFD prices are generally average, but the index CFDs they offer, such as the Europe 50 CFD for 0.6$, are affordable.

Forex Fees: These fees are still at a standard level, with major currency pairs offering favorable cost-wise investment prospects through AvaTrade. 

Additionally, as spreads may differ based on national regulations, the spread calculation for Forex and CFD assets may be slightly different. However, AvaTrade keeps everything plain and transparent.

 

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Deposits and Withdrawals

Another essential element of options trading is quickly accessing your money and funding your account with an initial deposit through a bank account. Furthermore, it is crucial to consider it when choosing a broker; therefore, AvaTrade provides some excellent solutions.

Options and Deposit Fees

Ava provides several practical ways to deposit money into the account as a licensed broker required to follow safety regulations in many jurisdictions, including credit and debit cards, wire transfers, and electronic wallets like PayPal, Skrill, Webmoney, and Neteller (available to all clients except EU & Australia residents).

AvaTrade Minimum deposit

The minimum deposit amount for AvaTrade is $250 for credit or debit cards and $500 for bank wire transfers. However, depending on your trading business, you might need to deposit a smaller sum, starting at $100.

AvaTrade Withdrawal

It takes AvaTrade 1-2 business days to process withdrawal requests. There are several e-wallets and bank transfers available as withdrawal options. 

Additionally, it can take longer to receive the payment due to rules and legislation governing overseas transfers. For instance, you may examine and contrast the costs of AvaTrade and BDSwiss.

To withdraw money from AvaTrade, follow these procedures;

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You can access your account and request a withdrawal by following the on-screen instructions. Of course, you can always rely on a great help center to be there for you.

How to withdraw from your account?

  • Open an account and log in. 
  • Choose Withdraw Funds from the menu’s tab.
  • Enter the desired withdrawal amount after completing the form.
  • Select the withdrawal method.
  • Fill out all the required form fields.
  • Verify withdrawal information and submit.

Trading Platforms

It is fair to say that with AvaTrade’s genuinely extensive array of platforms and tools, every client will discover their ideal path. So, let’s examine several AvaTrade platforms in more detail, all accessible via web, desktop, or mobile apps designed for iOS or Android devices.

Pros and Cons of different available Platforms

Pro

  • Superb proprietary trading platform on the web.
  • MetaTrader4 and MetaTrader5 are options available for Web, Mobile, and Desktop.
  • The proposal has software for social, automated, and algorithmic trading.
  • AvaOption for trading options.
  • AvatrageGO for iOS and Android is a website and mobile app.
  • Software that is simple to use and navigate.
  • Support for multiple languages.

Cons 

None.

 

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Web Trading Platform

Each of Ava’s platforms offers the ability to trade manually or automatically on many financial instruments as part of its commitment to empowering traders. Ava caters to traders of every type and experience level. Additionally, UK clients can ask about spread betting options.

Beginner traders might consider using WebTrader as an innovative platform because of its user-friendly interface and straightforward design.

Available languages on the Web Trading platform

It is crucial to utilize the site in your local language; hence AvaTrade supports a wide range of languages, so you may choose the one that best suits your needs.

Available languages include Spanish, Arabic, Dutch, Persian, Turkish, Polish, Chinese, Thai, and Portuguese.

Accessibility

The AvaTrade platform has a clean aesthetic and easy navigation, whether you use its extra software, MT4 or MT5. The intuitive design and solid tool capabilities will appeal to both beginners and experts. Additionally, you can select the best software for your needs from WebTrader, the AvaTradeGo app, Mac Trading, or the AvaOption platform.

Ava created it and enabled you to take options trading or foreign exchange to a new level with calls and puts, the usage of embedded tools, and an all-around simple trading experience.

Security

It is easy to access your account using MT4 or MT5, as well as other Ava platforms. 

You only need to follow the secure login procedures if you’re using the Web version of the login page.

You must install the AvaMetaTrader desktop application before clicking File-> Login to Trading Account and enter your credit card information. You can start trading immediately after completing this step.

Desktop Trading Platform

It is still possible to use the AvaTrade desktop platform, a market leader and top-rated, powerful, and flexible trading program that fully supports automated or robot trading. You can also choose the fixed spread or switch to MT4 Variable Spreads, which offer trades with reduced spreads starting at 0.9 pips and calculated directly from market liquidity. 

Automated Trading

The AvaTrade Automated Trading capabilities are the last but certainly not the least, and they are a beneficial and promising tool, especially for new traders. As a result, Avar brought a variety of auto-trading software that allows users to imitate or mirror the successful traders’ proven strategies.

AvaTrade provides several systems for auto trading, another popular social platform that suits MT4 floating spreads and automatically duplicates trades is DupliTrade, which is accessible for your use.

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Mobile Trading Platform

The mobile app AvaTradeGO, which is easy to use and provides a wide range of tools simultaneously, is something that AvaTrade is proud of. The app has a user-friendly dashboard with sophisticated tools, step-by-step instructions for opening trades, feedback on an activity, and assistance.

Additionally, the platform enables switching between demo, genuine, and variable spreads accounts and managing multiple MT4 accounts.

Pros

  • Easy to use and user-friendly proprietary app
  • Price updates and alerts immediately on your smartphone
  • Cost Report
  • Support for numerous languages

Cons

  • No Face login

Customer service

AvaTrade’s customer service offers live assistance 24 hours a day via live chat, email, and phone support in 15 languages. Finally, AvaTrade provides some of the highest quality assistance with prompt, accurate responses and a wide variety of free lines worldwide.

Education

All customers can use spectacular educational resources and some of the best trading services available. As Ava says, the essential aspect of daily trading life is motivating and broadening traders’ perspectives.

AvaTrade Demo Account

AvaTrade offers a risk-free demo account that enables you to test the systems and practice trading techniques. And yes, the platform supports multiple trading instruments suitable for both novice and experienced traders.

In the end, the education centre continuously expands and offers knowledge on trading in Forex and CFDs along with Live Webinars, Technical Analysis, teaching tools, and much more.

Research

AvaTrade offers excellent resources and tools for research, and when trading through MetaTrader, Autochartist is an option. In addition to other user-friendly tools, such as a calculator, excellent, precise charting with an integrated News Feed, and additional crucial trading information for your improved trading. Additionally, you can sign up for the most recent market research offered by the expert AvaTrade learning website Sharp Trader.

 

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Conclusion

Overall, our AvaTrade review reveals a broker with a broadened trading approach. AvaTrade provides a unique method of interacting with the market and clients. Thanks to its robust services, AvaTrade has earned the trust of thousands of users. Another significant benefit to their positive side is their flexibility regarding platforms, currency pairs, and the range of solutions offered. The broker charges reasonable fees and provides access to top-notch educational materials.

FAQ

What is the withdrawal timeframe for AvaTrade?

It takes AvaTrade between one and two business days to process withdrawals, as it does with nearly all forex brokers. 

In addition, withdrawal time may differ based on the option you choose. Keep your account up-to-date at all times. Sometimes, your broker may require proof of ID and address even if you were verified when you opened your account.

What is the minimum deposit amount at AvaTrade?

Depending on the currency denomination, it typically takes 100 units of currency to open an account at AvaTrade. For instance, a USD account requires a minimum deposit of $100, regardless of whether you fund it by wire transfer or credit card. 

AvaTrade recommends that traders start with one to two thousand EUR, GBP, and AUD to utilize all of the features available through the AvaTrade platform.

Are my funds safe with AvaTrade?

AvaTrade keeps your money as safe as any broker licensed in top-tier countries. Over 300,000 clients trust AvaTrade with millions in deposits. Since counterparty risk is always present, only select brokers with solid capitalization and strict regulation.

The Central Bank of Ireland regulates AvaTrade to protect clients’ funds. Regarding protecting clients’ information, AvaTrade is also WebTrust compliant.

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