Welcome to our Avatrade review. We’ll show you why this regulated broker is a top pick for online trading. Avatrade leads in the financial markets with options like forex trading, CFDs, cryptocurrencies, and stocks. Since 2006, it’s been watched over by nine regulatory bodies, making sure your money is safe.
Avatrade is known for its wide range of trading platforms. You can choose from MetaTrader 4 and 5, or try AvaTradeGO and AvaSocial. With over 1,250 assets and 50+ forex pairs, it suits both new and seasoned traders. This guide will highlight what makes Avatrade great. It’s your guide to this forex trading platform and how to make smart trading strategies.
Introduction to Avatrade
Founded in 2006, AvaTrade is a leader in online forex trading. It has grown globally, offering a reliable platform for traders. This has made it a trusted name in the industry.
History and Background
AvaTrade started early in the online forex world. It has made a big impact over the years. It has reached new heights with tech advances and growing in new places.
Features like AvaSocial and AvaProtect have made it a top choice. Even with rules limiting its U.S. work, AvaTrade has grown worldwide. It offers many services to its clients.
Global Presence and Reputation
AvaTrade is known for its high-quality service and safety. It has earned trust from many clients. This shows its strong reputation in forex trading.
It’s known for easy-to-use platforms and great customer support. AvaTrade is seen as a reliable and advanced trading place. Its steady market performance and strong client ties prove this.
Here’s a look at AvaTrade’s global reach and reputation:
| Aspect | Description |
|---|---|
| Established Year | 2006 |
| Global Reach | Active in many countries, but not in the U.S. |
| Innovative Features | AvaSocial, AvaProtect |
| Regulated By | EU, Australia, Japan, South Africa |
| Clients | Hundreds of thousands worldwide |
| Core Strength | Reliable trading platform |
Regulatory Overview and Safety
A strong set of rules is key for a safe trading place. AvaTrade, a broker under watchful eyes, follows rules from top financial groups worldwide. These rules help keep trading safe and honest.
Regulatory Bodies
AvaTrade shows it cares about safety and openness by following strict rules. It has licenses from the Central Bank of Ireland and the UK’s Financial Conduct Authority. It also gets checked by the Australian Securities and Investments Commission and Japan’s Financial Services Agency, among others. But, it doesn’t work with the Commodity Futures Trading Commission in the US and doesn’t offer futures trading to US clients. AvaTrade picks its places carefully, focusing on areas with less strict rules.
AvaTrade is seen as trustworthy because it follows Anti-Money Laundering and Know Your Customer rules. These rules help keep the financial world safe from fraud and money laundering.
Client Fund Protection
AvaTrade is big on keeping client money safe. It uses things like separate accounts and negative balance protection. This means client money is kept away from the company’s money, making it safer. AvaTrade also joins schemes like the UK’s Financial Services Compensation Scheme and Ireland’s Investor Compensation Fund. This gives clients more protection.
| Regulatory Body | Jurisdiction | Client Fund Protection |
|---|---|---|
| Central Bank of Ireland (CBI) | Republic of Ireland | Investor Compensation Fund |
| Financial Conduct Authority (FCA) | United Kingdom | Financial Services Compensation Scheme |
| Australian Securities and Investments Commission (ASIC) | Australia | Client money regulations |
| Financial Services Agency (FSA) | Japan | Client asset segregation |
With careful oversight and strict rules, AvaTrade is a trusted place for traders. It focuses on safe trading and keeping client money safe. This makes trading safe and secure for everyone.
Available Trading Instruments
AvaTrade offers over 1,000 trading instruments. This makes it great for many trading styles. You can trade forex pairs, CFD trading, cryptocurrency trading, and stock trading. It suits both new and skilled traders.
Forex Trading Pairs
AvaTrade has more than 55 currency pairs. These include major, minor, and exotic pairs. This lets traders spread out their investments and find many trading chances. With a high leverage of 1:400 for non-EU/EEA and Australia clients, AvaTrade is perfect for those wanting to increase their trading power.
CFDs and Options
The platform is also great for CFD trading. It offers over 600 stock CFDs from US, UK, and EU companies. Plus, there are CFDs on indices, commodities, and cryptocurrencies. Options contracts add more trading options, helping with strategy and risk management.
Cryptocurrencies and Stocks
Cryptocurrency trading is a big deal at AvaTrade, with a wide range of digital currencies like Bitcoin, Ethereum, and Ripple. AvaTrade also has stock trading with over 600 CFDs on well-known companies’ shares. This mix of old and new assets makes AvaTrade a top choice for traders looking for a full investment platform.
AvaTrade Trading Platforms
AvaTrade has many trading platforms for all traders. You can choose from MetaTrader 4 and 5, or AvaTradeGO and AvaSocial. This gives traders a full range of options.
MetaTrader 4 and 5
MetaTrader 4 and 5 are very popular in online trading. MetaTrader 4 (MT4) is great for new and experienced traders. It has advanced tools, many technical indicators, and lets you trade automatically with Expert Advisors (EAs).
MetaTrader 5 (MT5) is the next step up from MT4. It has more timeframes, order types, and a more advanced trading system. It also includes more financial instruments.
AvaTradeGO and AvaSocial
AvaTradeGO makes trading easy and convenient. It has a simple interface but still offers powerful tools. You can trade from anywhere, whether you’re at home or out and about.
AvaSocial is a new way to trade. It lets you follow and copy successful traders. This platform creates a community where new traders can learn from experts. AvaTradeGO and AvaSocial show AvaTrade’s effort to offer trading platforms for everyone.
How to Open an Avatrade Account
Opening an account with AvaTrade is easy and quick. It lets new traders start fast. There are different types of accounts for everyone’s needs. The AvaTrade Standard Account needs a $100 deposit. It offers great forex trading costs, from 0.9 to 1.5 pips for main currency pairs.
The AvaTrade Pro Account is for traders in certain countries who have enough money. For traders following Sharia law, there’s the AvaTrade Islamic Account. It doesn’t include some financial tools to follow religious rules. UK traders can use the AvaTrade MT4 Spread Bet Account for tax-free trading on some items, up to a yearly limit.
Before trading for real, try the avatrade demo account. It gives you $10,000 and lasts for 21 days. This lets you practice without losing money. Signing up is easy and focuses on making things better for users. The verification process is quick, usually done in one business day.
To open trading account with AvaTrade, just follow these steps:
- Go to the AvaTrade website and click “Register”.
- Enter your name, email, and phone number.
- Pick the account type you want.
- Send in your ID documents for verification.
- After verifying, log in with AvaTrade to start trading.
Not all account types are for everyone, as it depends on where you live. AvaTrade can’t accept traders from Belgium, Cuba, Iran, Syria, the United States, or New Zealand. With over 15 years of experience and over 1,250 trading instruments, AvaTrade is a trusted choice for traders around the world.
| Account Types | Minimum Deposit | Availability | Benefits |
|---|---|---|---|
| Standard Account | $100 | Global | Competitive Spreads, No Commission |
| Pro Account | Varies | Specific Countries | Advanced Features and Lower Spreads |
| Islamic Account | $100 | Islamic Countries | Sharia-Compliant |
| MT4 Spread Bet Account | $100 | UK | Tax-Free Trading |
| Demo Account | $0 | Global | $10,000 Virtual Funds, 21-Day Validity |
AvaTrade has something for everyone, from newbies to pros. It gives the tools and support needed to do well in forex trading.
Top Features of Avatrade
AvaTrade started in 2006 and is now a top name in online trading. It has many advanced tools to help traders. These tools make trading better and help with trading plans.
Trading Calculator and Economic Calendar
The trading calculator is a key feature at AvaTrade. It helps traders figure out risks and profits before they trade. This is very useful for forex traders. They can plan their trades better with it.
The economic calendar is another big help for traders. It gives news on important economic events that could change currency prices. Traders use this to make smart choices and stay ahead.
AutoChartist and AvaProtect Tools
AutoChartist is a MetaTrader add-on at AvaTrade. It’s key for technical analysis. It looks at the markets for trading chances by spotting patterns and support and resistance levels.
AvaProtect is a new feature for traders who want to manage risks. It helps protect trades from losses for a set time. If the market goes down, it pays back the trader. This tool is great for managing risks.
| Feature | Description |
|---|---|
| Trading Calculator | Calculates risks and potential profits before trading |
| Economic Calendar | Informs about upcoming market-moving events |
| AutoChartist | Scans markets for trading opportunities |
| AvaProtect | Provides protection against market losses |
AvaTrade gives traders tools that help with strategy and risk management. These tools show AvaTrade’s commitment to helping traders succeed.
Trading Fees and Spreads
AvaTrade has a detailed fee plan for different trading styles. They use the spread model, so there are no extra trading fees for most assets. This makes it a good choice for traders who want clear pricing.
Trading Commissions
AvaTrade doesn’t charge trading commissions. For Forex, spreads start at 0.9 pips or $9.00 per standard lot. Major currency pairs go up to about 1.5 pips or $15.00.
For equity CFDs, there’s a 0.13% markup over market spreads. Cryptocurrency costs range from 0.20% to 2.00%.
Indices have markups from 0.25 to 10.00 over market spreads. ETFs get a 0.50% markup, and commodities cost between $0.0015 and $1.1000. This pricing strategy is competitive and clear for long-term trading, but not ideal for fast traders due to extra costs.
Inactivity Fees and Other Charges
AvaTrade doesn’t charge for deposits, withdrawals, or keeping accounts open. But, there’s a $50 inactivity fee after three months without trading. Swap rates also apply to overnight positions, with a triple rate on Wednesdays.
There’s a currency conversion fee for transactions in a currency not set as the account’s base. AvaTrade’s clear pricing builds trust and helps traders make smart choices, protecting their investments from surprise costs.
| Asset Class | Average Spread/Markup |
|---|---|
| Forex (Major Pairs) | 0.9 – 1.5 pips |
| Equity CFDs | 0.13% markup |
| Cryptocurrencies | 0.20% – 2.00% |
| Indices | 0.25 – 10.00 over market spreads |
| ETFs | 0.50% markup |
| Commodities | $0.0015 – $1.1000 |
| Inactivity Fee | $50 after 3 months |
| Swap Rates | Varies (Triple on Wednesdays) |
| Currency Conversion Fees | Applied when applicable |
Pros and Cons of AvaTrade
AvaTrade is a top forex broker known worldwide. It started in 2006 and now helps over 200,000 traders in more than 150 countries. It offers a full trading experience with both good and bad points to think about.
Advantages
- Regulation and Trust: AvaTrade is watched over by four top-level and three middle-level regulators. It has a Trust Score of 94 out of 99, making it secure.
- Diverse Trading Instruments: Traders get to pick from 44 forex options, 55 forex pairs, and over 1,200 CFDs. AvaTrade also has over 1,260 symbols on MT5, offering lots of choices.
- Advanced Platforms: AvaTrade has its own platforms like AvaTrade WebTrader, AvaOptions, and AvaFutures. It also uses MetaTrader 4 and 5. AvaTradeGO and AvaSocial are great for mobile trading with 93 indicators and 13 tools.
- Awards and Recognition: AvaTrade was named ‘Most Innovative CFD Broker’ in 2019 and Best in Class for Copy Trading in 2024.
- Educational Resources: AvaTrade gives traders lots of help with webinars, e-books, and online coaching for all levels.
Disadvantages
- Market Availability: AvaTrade can’t serve traders in major markets like the U.S., despite its global reach.
- Fee Structure Complexity: AvaTrade’s fees can be complex, with higher spreads and admin fees for inactive accounts.
- Inactivity Fees: AvaTrade charges fees for not trading, which might stop some traders from using the service.
- Demo Account Limitations: The Demo account has a short time limit, often just 30 days.
- Limited Cryptocurrency Trading: AvaTrade offers cryptocurrencies but has fewer options than some other exchanges.
AvaTrade’s platform is great for trading with many tools and options. But, it’s important to look at both the good and bad points before joining. Reviews on Trustpilot show both the positive and negative sides of AvaTrade.
Avatrade’s Customer Support
Avatrade values giving top-notch customer care to its traders. It offers many ways to contact and has great support hours. This makes Avatrade’s customer service a big reason for its good name.
Contact Methods
Traders can get in touch with Avatrade in many ways for ease and flexibility. These include:
- Phone: Avatrade has a dedicated phone line. They aim to answer calls in under 30 seconds.
- Email: You can email different teams:
- General questions: info@avatrade.com
- Account issues: support@avatrade.com
- Complaints or feedback: complaints@avatrade.com
- Media and press: media@avatrade.com
- Live Chat: The live chat on Avatrade gives quick help, usually in under 60 seconds.
Avatrade is also on social media like Facebook, Twitter, LinkedIn, and Instagram. This lets traders connect and get updates in different ways.
Support Availability
Avatrade’s support is available 24/5, helping traders during busy hours. This shows Avatrade’s effort to make trading better. The email team aims to reply within 24 hours, with solutions or updates in 48 hours.
| Support Channel | Average Response Time |
|---|---|
| Phone | 30 seconds or less |
| Live Chat | 60 seconds or less |
| Response within 24 hours; resolution or update within 48 hours |
Avatrade has offices in Dublin, Singapore, and Abu Dhabi. This means they offer support that meets the needs of traders all over the world.
Educational Resources and Tutorials
AvaTrade is all about helping traders learn. They offer a wide range of educational materials. This helps traders of all levels understand the complex financial markets.
Beginner Guides
The beginner guides at AvaTrade are perfect for new traders. They teach the basic market principles. This helps new traders build a strong base.
The goal is to make complex financial ideas easy to understand. This boosts avatrade education.
Advanced Studies and Webinars
For experienced traders, AvaTrade has advanced materials. These include deep analyses and complex strategies. They aim to boost trading skills.
The broker also offers webinars on different topics. These webinars are live trading tutorials. They let traders learn from experts directly.
Withdrawal and Deposit Methods
AvaTrade makes it easy for traders to get their money out or put more in. They have over 200,000 traders worldwide and do more than two million trades a month. This shows how important it is to have good ways to deposit and withdraw money.
They offer many ways to deposit money like credit cards, bank transfers, and e-wallets. AvaTrade lets you choose the right account type based on how much you want to start with:
- Silver – $100
- Gold – $1,000
- Platinum – $10,000
- Ava Select – $100,000
Also, AvaTrade makes sure to quickly process withdrawal requests. Usually, they do this in one business day. For credit and debit cards, it might take up to five business days. E-wallets can take up to 24 hours, and bank transfers up to ten business days. They follow rules to stop money laundering by sending withdrawals back through the original payment method.
AvaTrade doesn’t charge fees for taking money out. This is a big plus compared to many other brokers who do charge fees. But, sometimes there can be delays, especially when a lot of people are trading at once. So, it’s good to be ready for this.
Here’s how long it takes for different ways to withdraw money:
| Method | Processing Time (Business Days) |
|---|---|
| Credit/Debit Card | Up to 5 |
| E-wallets | Up to 1 |
| Bank Transfers | Up to 10 |
AvaTrade is a top choice for traders because of their many funding options and no fees for withdrawals. Whether you’re adding money or taking it out, AvaTrade makes it easy and quick. They’re known for great customer service, available 24 hours, five days a week.
Understanding AvaTrade Leverage
Avatrade offers flexible leverage options for different trading strategies and risk levels. The leverage tiers meet regulatory standards and promote responsible trading. It’s key for traders to understand leverage and manage risks well to benefit safely.
Leverage Tiers and Risk Management
AvaTrade has different leverage levels for various assets and trader locations. Forex traders outside the EU can get up to 1:400 leverage. EU retail traders have a max of 1:30. Professionals in the EU can get up to 1:400 too. Here’s a look at the leverage for different assets:
- Forex: 1:400
- Commodities: 1:200
- Indices: 1:200
- Bonds: 1:100
- Cryptocurrencies: 1:25
- Equity CFDs: 1:20
- ETFs: 1:20
It’s vital to use safe trading practices and manage risks well with these leverage options. AvaTrade stresses the need to know the risks of high leverage. High leverage can lead to big losses, even if it can also increase profits. AvaTrade’s negative balance protection means traders won’t lose more than their deposit, adding security.
Maximizing Leverage Safely
To use leverage safely, traders must follow strict risk management. AvaTrade offers AvaProtect for Forex, gold, and silver trades up to two days, protecting against market drops. Traders can also set their own leverage levels for each trade.
Traders should watch out for risks from trades left open over weekends due to market changes. AvaTrade’s interest-free loans for day trades before 17:00 EST help manage leveraged positions well.
| Asset Type | Maximum Leverage |
|---|---|
| Forex | 1:400 |
| Commodities | 1:200 |
| Indices | 1:200 |
| Bonds | 1:100 |
| Cryptocurrencies | 1:25 |
| Equity CFDs | 1:20 |
| ETFs | 1:20 |
By using AvaTrade’s tools and safe trading practices, traders can make the most of leverage. This helps them gain while managing risks well.
Is Avatrade Legit? Safety and Trustworthiness
Looking into avatrade scam or not, we see a strong regulatory setup and a long history. AvaTrade has been in the financial markets for over 15 years since 2006. It’s known as a trusted name in trading.
AvaTrade is watched over by top financial authorities like the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). It’s also overseen by the Financial Services Commission (FSC) of the British Virgin Islands and others. This shows avatrade legitimacy and its commitment to safety in trading.
AvaTrade keeps client money separate from its own. This means client assets are safe in secure banks. It also joins schemes like the Investor Compensation Fund in Ireland, adding more protection for traders.
AvaTrade uses top encryption like SSL and TLS for safe data sharing. It also has strong security checks to keep client accounts safe.
Customers often give AvaTrade good reviews, showing they’re happy. The broker is open about its services and costs, making it trustworthy. AvaTrade talks openly with clients and offers quick support, making trading better for everyone.
AvaTrade follows strict rules and is checked by financial authorities. It has licenses from the Central Bank of Ireland and others. This proves it’s not a avatrade scam.
AvaTrade offers many trading options like forex and stocks through advanced platforms. It’s known for innovation and quality, winning awards for its services.
| Aspect | Details |
|---|---|
| Years in Operation | Since 2006, with over 15 years of experience |
| Regulating Bodies | Central Bank of Ireland, ASIC, FSC, FSCA, ADGM |
| Client Fund Protection | Segregated accounts, investor compensation schemes |
| Security Measures | SSL, TLS encryption, multi-factor authentication |
| Customer Feedback | Generally positive reviews |
| License Information | Multiple licenses from reputable authorities |
| Trading Platforms | MetaTrader 4 & 5, AvaTradeGO, WebTrader |
| Awards | Best Forex Broker, Best Trading Platform, Best Customer Support |
Comparing AvaTrade with Other Brokers
Choosing a broker is key to your trading success. We’ll look at AvaTrade vs. BDSwiss. We’ll check their competitive trading terms, fees, and what they offer.
AvaTrade vs. BDSwiss
AvaTrade and BDSwiss are big names in trading. AvaTrade has many platforms like MetaTrader 4 and 5, AvaOptions, and AvaTradeGo. These support forex, CFDs, cryptocurrencies, and stocks. BDSwiss also has MetaTrader and its own platform, BDSwiss WebTrader, for various trading needs.
AvaTrade is trusted by four top regulators, making it very secure. BDSwiss is also well-regulated but AvaTrade has more oversight.
Fee and Spread Comparisons
Let’s dive into the fees and spreads of both brokers. AvaTrade doesn’t charge commissions but makes money from spreads. These spreads might be higher but offer great trading tools and platforms. BDSwiss has lower spreads and some commission-based trading, fitting different trading styles.
Here’s a closer look at their fees:
| Broker | Minimum Deposit | Spreads | Commissions |
|---|---|---|---|
| AvaTrade | $100 | Higher spreads, commission-free | None |
| BDSwiss | $100 | Lower spreads, commission-based | Varies |
This broker comparison looks at more than just fees and spreads. AvaTrade is great for its many platforms and tools. BDSwiss is known for its good prices. By looking at these, traders can pick the best broker for their goals and style, for a great trading experience.
Automated and Copy Trading with AvaTrade
AvaTrade makes trading better with automated trading and copy trading. Traders can follow the moves of experts with just $100. This lets new traders start using these tools easily.
The Forex Copier comes in two types. Forex Copier 3 is for copying trades on one PC or VPS. Forex Copier Remote 2 lets you copy trades across different devices. These tools help with risk management and more.
AvaTrade uses social trading features like AvaSocial. This brings traders together to share knowledge. It can make trading better by sharing strategies and insights.
AvaTrade offers up to 400:1 leverage for bold investment strategies. This gives traders a big chance to increase their returns.
AvaTrade is trusted with a score of 93 out of 99 and a 4.7 rating on TrustPilot. Users are happy with the quick withdrawals, usually in 1 to 2 business days. This makes AvaTrade a top choice for automated and copy trading.
AvaTrade has lots of educational resources for all traders. Customer support is available 24/5, helping with live chat, phone, or in-person. This support makes it easy to use automated and social trading in your trading plans.
Avatrade’s Promotions and Bonuses
AvaTrade offers great deals and trading bonuses for new and current clients. These avatrade promotions aim to boost trading activities. They help every user get the most out of their trading.
Current Promotions
A big deal is the Winter Welcome Bonus, giving traders a 100% bonus up to $10,000 until December 31, 2015. There’s also a tiered deposit bonus, offering different percentages for different deposit amounts. For example, deposits between $100 and $300 get a 20% bonus.
Deposits over $5,000 can get a 100% bonus. Loyalty bonuses offer more rewards like faster withdrawals, account managers, and special educational resources.
Terms and Conditions
To join these promotional offers, you must follow certain bonus terms and conditions. Each offer has its own rules, like needing a minimum deposit. For bonuses, you often have to trade a certain amount, like $5,000 for a $100 bonus.
Withdrawal options include bank wire, credit/debit card, and e-wallets like Skrill and Neteller. The withdrawal process takes 1-2 business days. Bonuses are only for the first deposit of new clients and don’t apply to later deposits.
Withdrawals can take more time to show up in your account. Also, some countries like France, China, and Malaysia can’t use these bonuses.
Using these avatrade promotions can really improve your trading experience. Just make sure to read and follow the bonus rules carefully.
Final Thoughts on AvaTrade
AvaTrade is a top choice for forex and CFD trading. It offers 51 currency pairs, stocks, commodities, and crypto CFDs. This makes it great for many traders.
The broker is serious about safety and follows strict rules. It has a Trust Score of 97 out of 99. This shows it’s a secure place to trade.
AvaTrade has easy-to-use platforms like MetaTrader 4 and 5, AvaTradeGO, and AvaOptions. These are in many languages, welcoming traders from around the world. But, it doesn’t serve traders in the U.S. or Belgium.
The broker is known for its clear fees. There are no commissions, just spreads and fees for not trading. It has some downsides like inactivity fees and limited market access.
But, AvaTrade stands out with its great education, tools like AutoChartist and AvaProtect, and good customer support. Whether AvaTrade is right for you depends on your trading goals.
