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Overall Score
4.6 /5

Pros

  • Broad Asset Selection
  • Great choice of Trading Platforms
  • Top Tier Regulations
  • High-Quality Research and Educational Tools

Cons

  • No real Stocks
  • High Inactivity Fee
Visit Avatrade
  • Main Regulators: CBI, ASIC, FFAJ, ADGM, CySEC
  • Crypto: Yes
  • Minimum Deposit: $100
  • Average Trading Cost EUR/USD: 0.9 pips
  • Withdrawal Fee: $0
  • Account Opening: 1 Day
Year Established
2006
Headquarters
Ireland
Traded Assets
19k+
Options
{Yes}
Crypto
Trading Fees
Low to Average
Trading Platforms
MT4/MT5/Prop platforms
Islamic Account
{Yes}
Demo Account
Funding Methods
Bank wire / credit cards /e-wallets
Tiers 1 Regulators
Tiers 2 Regulators
{Yes}
Negative Balance Protection

Products

Overall Score
4.5 /5
Open An Account

Pros

  • Wide Selection of CFD assets
  • 55+ Forex Pairs
  • Options available
  • Low Trading Fees Overall

Cons

  • No real Stocks
  • Low leverage on crypto

Asset Selection and Leverage

AvaTrade primarily specializes in offering forex trading and contracts for difference (CFDs), which encompass a variety of asset classes such as stocks, indices, forex, and commodities.
Notably, it doesn't provide access to traditional stocks. In terms of currency pairs, AvaTrade's selection is competitive and aligns closely with its peers in the industry.
However, its coverage of individual stocks and exchange-traded funds (ETFs) through CFDs is relatively average.

It's worth noting that many of these stock CFDs are exclusively available on the MT5 platform, excluding access via MT4 or WebTrader platforms.
For bond CFDs, AvaTrade offers options like Japanese and European government bonds, setting it apart from some other brokers.
Furthermore, traders can also engage in trading the VIX index, providing additional diversity in investment options.

Eventually, AvaTrade extends its offerings to FX options through the AvaOptions platform, where traders can access over 40 different instruments and strategies.
It's important to note that trading FX options requires a separate account distinct from the main trading account.
 

 
Availability
Maximum Leverage
Forex
400:1
Crypto
{Yes}
25:1
Stocks
10:1
Equity Indices
{Yes}
200:1
Precious Metals
200:1
Other Commodities
{Yes}
200:1
Bonds
20:1
ETFs
{Yes}
20:1
Real Stocks
Real Bonds
Options
100:1
Thematic Indices
Synthetics

 

AvaTrade's leverage varies based on regulatory jurisdiction.
Retail traders typically receive up to 1:30 leverage, while professional clients and traders in certain regions(like BVI) may access higher leverage, up to 1:400.
Leverage levels are determined by factors like instrument type, location, and trader classification.
 

Trading Fees

AvaTrade provides a commission-free trading environment. All fees are built into the trading spreads.
Overall, forex fees are relatively low.
Equity traders encounter a minimum spread of 0.13%, also commission-free, with potential for competitive pricing on certain assets based on trading volume and duration.
Index and commodity traders enjoy highly competitive trading costs.

When you look into the aggregate fees, it's crucial to consider swap rates on leveraged overnight positions, which can significantly impact trading costs and should be assessed beforehand.
If a trader tends to keep leveraged positions open for a few days or more, it's worth considering to trade in a swap-free account.
 

Average Trading Spreads (for Standard Accounts)

EUR/USD
0.9 pips
GBP/USD
1.5 pips
USD/JPY
1.0 pips
Gold
0.3$
Bitcoin
$40
S&P 500 Index
0.5
WTI Crude Oil
$0.03

Platforms

Overall Score
4.7 /5
Open An Account

Pros

  • Multitude of Trading Platforms
  • Good Mobile app
  • MT4/MT5 available
  • 3 Copy Trading Platforms

Cons

  • None

Various trading platforms are available for users, accessible via web, desktop, and mobile devices. These platforms include:

Popular External Platforms

The MT4 platform is one of the most popular trading platforms amongst new and established traders.
It offers a comprehensive set of features designed to empower traders with the tools they need to succeed in the dynamic world of financial markets.
From advanced analytical tools to smart trader features and community support, it caters to the diverse needs of traders while providing a seamless trading experience.

 

Key Features:
  • Analytical Tools: The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.
  • Smart Trader Tools: Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.
  • Order Types and Execution Options: Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.
  • Community and Customization: Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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MetaTrader 5 (also known as MT5), is a versatile trading platform, that caters to advanced trading needs, providing access to automated trading systems, technical tools, and copy trading.
Among its notable features are:

  • Diverse Asset Classes: MT5 offers access to a wider range of asset classes, including stocks and commodities, compared to MT4.
  • Advanced Timeframes: MT5 provides additional timeframes for charting, offering more flexibility in analyzing price movements.
  • Enhanced Depth of Market (DOM): MT5 improves the Depth of Market feature, providing a more comprehensive view of market liquidity.
  • Built-in Economic Calendar: MT5 includes a built-in economic calendar, allowing traders to stay updated on key economic events directly from the platform.
  • Advanced Technical Analysis: MT5 introduces more built-in technical indicators and graphical objects for in-depth market analysis.
  • Hedging and Netting: MT5 supports both hedging and netting accounts, offering more flexibility in position management.
  • Improved Strategy Tester: MT5's Strategy Tester offers faster and more efficient backtesting of trading strategies compared to MT4.

 

Key Features
Analytical Tools:

The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.

Smart Trader Tools:

Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.

Order Types and Execution Options:

Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.

Community and Customization:

Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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Copy Trading

ZuluTrade is a leading social trading platform that connects traders with top-performing signal providers from around the world.
Through ZuluTrade, users can automatically replicate the trades of experienced traders in their own brokerage accounts.
This innovative platform offers a seamless way for investors to capitalize on the expertise of others and diversify their trading strategies effortlessly.

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DupliTrade is a premier social trading platform offering users the ability to automatically replicate the trading strategies of seasoned professionals.
With DupliTrade, investors gain access to a diverse range of expert traders, allowing them to diversify their portfolios effortlessly.
This innovative platform streamlines the process of mirror trading, providing users with a convenient and efficient way to capitalize on market opportunities.

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AvaSocial is a cutting-edge social trading platform that connects traders worldwide, enabling them to share insights, strategies, and trades in real-time.
Through AvaSocial, users can follow top-performing traders, automatically replicate their trades, and engage in collaborative discussions.
This platform revolutionizes the way traders interact, fostering a dynamic community where knowledge sharing and profitable trading thrive.

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In-House Platform Offering

WebTrader offers unlimited trading without the need for downloads. With its user-friendly interface, the platform caters to traders of all levels.
It provides a comprehensive suite of analytical tools, including 80 technical indicators and 13 drawing tools.
Additionally, traders can choose from three chart types, presenting price action in line, bar, or candlestick formats.

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AvaTradeGO isthe AvaTrade Award-winning mobile trading app that puts the power of trading in the palm of your hand.
Offering intuitive navigation and real-time market data, it caters to both novice and experienced traders.
With AvaTradeGO, users can execute trades, manage portfolios, and stay informed on market developments anytime, anywhere.
This versatile app empowers traders to seize opportunities and stay connected to the markets on the go.

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AvaOptions is a sophisticated options trading platform offered by AvaTrade. It provides traders with access to over 40 different instruments, allowing for a diverse range of trading strategies such as: 

  • Call Spread
  • Call Ratio
  • Straddle
  • Butterfly
  • Risk Reversal
  • Seagull ...

With AvaOptions, users can customize their options contracts and hedge their positions effectively. This advanced platform offers a seamless trading experience for both beginner and experienced options traders.
To use this platform, you will need a new dedicated account.

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Accounts

Overall Score
4.7 /5
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Pros

  • Smooth and Fast Account Opening
  • Relatively Low Minimum Deposit [$100]
  • Islamic Account Available

Cons

  • High Inactivity Fees

Account Types

AvaTrade offers a variety of account types to suit different trading preferences and experience levels, ensuring a tailored trading experience for every user:

Retail Account
Ideal for day traders, featuring competitive spreads and a diverse asset selection.
Professional Account
Designed for advanced traders, providing hedging and scalping functionalities.
Islamic Account
Compliant with Sharia principles, offering interest-free trading for Muslim investors.
MAM Account
Suitable for money managers, facilitating multiple account management with ease.
Demo Account
Free account to test all available trading platforms before deciding to go live.

Account Opening Process

At AvaTrade, opening an account is a straightforward process designed for convenience and efficiency.
Users can start by completing a simple online application form, providing personal details and selecting their preferred account type.
Once submitted, account verification typically occurs swiftly, enabling traders to quickly access the platform's features.

Given AvaTrade's status as a regulated broker, the final step in the account setup process is mandatory verification, adhering to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
To complete this step, traders typically provide a copy of their identification and one document verifying their residency.
This ensures compliance with regulatory requirements and enhances the security of the trading environment for all users.
 

Account Base Currencies

The base currencies available on Avatrade include the following:

  • USD
  • EUR
  • GBP
  • AUD
  • CHF
  • JPY
  • ZAR

AUD is exclusively accessible to Australian clients, while CHF is reserved for Swiss clients, JPY for Japanese clients, and ZAR for South African clients.
 

Why is it important to manage Base Currencies?
Firstly, funding your trading account in the same currency as your bank account helps you avoid conversion fees.
Secondly, trading assets denominated in the same currency as your trading account's base currency eliminates the need for currency conversion fees.
 

Account Features

AvaTrade sets its minimum deposit at $100.
We believe this amount could still be considered relatively low and reasonable, albeit higher than the requirements of certain other Forex brokers.

AvaTrade applies an inactivity fee to accounts that have been inactive for a specified period.
The exact duration of inactivity and the associated fee may vary based on the account type and jurisdiction.
Typically, if an account remains inactive for more than 3 months, AvaTrade may charge an inactivity fee circa $50 on a quarterly basis to maintain the account.

It's important for traders to review the terms and conditions of their specific account type to understand the applicable inactivity fee and take necessary actions to avoid it.
 

Minimum Deposit
$100
Inactivity Fee
Currency Conversion Fee
Broker commissions
Hidden Fees
Negative Balance Protection

Deposit and Withdrawal

Overall Score
4.3 /5
Open An Account

Pros

  • Multiple Payment Solutions
  • No Deposit Fee
  • No Withdrawal Fee

Cons

  • Slow Withdrawal
  • No crypto payments online

Avatrade has a good payment infrastructure overall.
The platform offers various payment solutions, and charges no fees for deposits or withdrawals (third party fees may apply though).

On the negative side, the withdrawal time can be slow; and crypto payments are only available on a case-by-case basis for some clients in specific geographies.
Withdrawals can only be processed to accounts under your name, following the general rule of utilizing payment methods aligned with your initial deposit.
This practice is widespread among similar brokers and is mandated by anti-money laundering regulations.
 

Payment Methods

Bank Transfer
Credit/Debit Cards
Electronic Wallets
Crypto Payments
case-by-case basis

e-wallets

Neteller
Skrill
Paypal
WebMoney
Perfect Money
Klarna
POLI
Boleto

Fees and Processing Time

Deposit Fee
Withdrawal Fee
Withdrawal Processing Time
Slow

Trust

Overall Score
4.7 /5
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Pros

  • Top-tier regulations
  • Good TrustPilot Score [4.6]
  • Established since 2006

Cons

  • Financial information not publicly available

AvaTrade, founded in 2006, operates under the supervision of various regulators, showcasing its dedication to regulatory compliance.
While not listed on any exchange and with no banking license, it remains a reputable brand in the industry.
With its extensive track record and regulation by reputable authorities, AvaTrade prioritizes safety and reliability for its traders.
 

Global Regulations
Registration Country
CBI
Ireland
ASIC
Australia
FFAJ
Japan
IIROC
Canada
CySEC
Cyprus
ADGM
UAE
FSCA
South Africa
ISA
Israel
KNF
Poland

Customer Xperience

Overall Score
4.6 /5
Open An Account

Pros

  • Great Research Tools
  • Excellent Education Materials
  • Bonus available

Cons

  • No VPS offering for EA traders

Education and Research

At AvaTrade, traders have access to a wealth of educational and research materials designed to enhance their trading knowledge and skills.
These resources include comprehensive educational articles, tutorials, video lessons, and webinars covering various aspects of trading, from beginner concepts to advanced strategies.

Additionally, AvaTrade provides market analysis, daily market updates, and economic calendars to keep traders informed about the latest market developments.
These educational and research materials empower traders to make well-informed trading decisions and navigate the financial markets with confidence.

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Sweeteners

Bonus
Trading Competitions
Free VPS
FIX API Trading

Customer Support

AvaTrade primarily relies on its FAQ section and chatbot for customer support, complemented by accessible email and phone assistance.
With a multilingual team available during market hours, AvaTrade effectively communicates its products and services, minimizing the need for assistance.
However, should assistance be required, AvaTrade ensures prompt access to customer support.
 

FAQs
Well Structured
Support Methods
Web,
Live Chat,
Email,
Phone,
Support Hours
24/7
Multiple Languages
English,
Arabic,
French,
Portuguese,
Spanish,
Russian