AvaTrade Review 2020 and Technical Opinions

Filippo Last Updated: September 2020 20 min read
security 93
cost 74
trading 75
education 63
Rated: Excellent
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In this AvaTrade review, you’ll find everything you need to dispel any doubt, including our feedback on AvaTrade, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the AvaTrade platforms, to be able to fully follow this review.

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AvaTrade review
Security

The starting point and first key area for our AvaTrade review is security. The broker has been around for many years and has grown to become among the most trusted in the industry. Let’s take a look at exactly what measures they have in place to protect you as a trader.

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Foundation and Offices

AvaTrade was founded in 2006 in Dublin, Ireland. The broker still remains true to these roots, though they also have multiple other locations based around the world as follows to help them deal with a trader base that no extends around the globe.

Multiple Headquarters

AVA Trade EU Ltd

AvaTrade Financial Centre

Five Lamps Place

Amiens Street,

Dublin 1 Ireland

Ava Capital Markets Australia Pty Ltd,

Level 13 2 park street

Sydney NSW 2000

Australia

Ava Trade Ltd and Ava Trade Japan K.K

Euro American Trust Building

PO Box 3483

Road Town, Tortola

British Virgin Islands

Ava Capital Markets Pty Ltd

No. 70 Grayston Drive

2nd Floor

Sandton, Johannesburg

South Africa

2196

Multiple Offices all around the world

Chile

Cerro el Plomo 5931

Oficina 514

Las Condes,Santiago

China

SOHO Shangdu, Chaoyang

District, Beijing

Italy

Viale Enrico Forlanini 23

20134

Milano

Poland

Ul. Postępu 15, 02-676 Warszawa

Poland

Japan

Minatoku Akasaka

2-18-1

Tokyo

Mexico

Park Plaza Santa Fe Floor 5

CDMX Mexico

Mongolia

MNTower – number 1402# (Тэнгис кино театрийн залгаа урд)

This volume of global presence is almost unprecedented even among the top forex brokers in the industry, and it serves as a great example of how AvaTrade works to prioritize their traders needs around the world.

Regulations

AvaTrade is one of the most well-regulated brokers in the industry. They boast regulatory oversight from some of the most respected tier 1 regulatory bodies.

These include ASIC (406684) in Australia regulating the broker under the entity Ava Capital Markets Australia Pty Ltd. the FSCA (45984) in South Africa where they trade as Ava Capital Markets Pty. and in Europe where the AVA Trade EU Ltd. entity is regulated by the Central Bank of Ireland (C53877).

The broker is further regulated around the world by the Abu Dhabi Global Market where they operate as AVA Trade Middle East Ltd. in Japan by the FSA (#1662), and FFAJ (#1574) where they operate as Ava Trade Japan K.K., and finally in the British Virgin Islands as Ava Trade Ltd.

In all, they are one of the most comprehensively well-regulated brokers we have seen, with regulation in every region of the world in check.

Money Protection

When it comes to protection of your funds, AvaTrade realizes this is a priority for most traders and they offer a couple of ways in which your money can be taken care of.

The first of these is through negative balance protection. AvaTrade offers this to traders around the world, regardless if the local regulation requires it or not. This feature stops you from losing more than you have deposited in your account.

The second measure in place is to ensure that all of your funds as a trader are held in segregated accounts. This means that in the event of any negative events like bankruptcy or insolvency happening to the broker, your money would remain completely protected.

Finally, if you are a European-based trader you can avail of the Investor Compensation fund that provides the added insurance of up to 20,000€ for your funds.

Not Accepted Clients

Although AvaTrade is now a top worldwide broker, there are a few places and countries that they do not extend services to. These are as follows:

    • Belgium
    • United States
    • Zimbabwe
    • India
    • Iran
    • Iraq
    • Israel
    • Pakistan
  • Pros
    • The broker is regulated in multiple regions and by some of the most-respected bodies in the world of forex trading and finance
    • They truly have a worldwide presence with locations globally bringing them into close contact and understanding with every trader
    • AvaTrade negative balance protection is extended to traders worldwide, above and beyond what is required in some regions
    Cons
    • No cons

    AvaTrade review
    Costs and Accounts

    The next key area that we will examine is that of AvaTrade account types and the costs of trading with the broker.

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    Account Types

    As with almost all top brokers in the industry, AvaTrade makes several great account type choices available to meet your needs as a trader.

    Demo

    The AvaTrade demo account is the perfect place to get started. Here you can learn all about trading but with no risk at all since you will be trading with virtual funds. With that said, the conditions that you encounter through a demo account will fully replicate those you would find in live trading.

    With AvaTrade you can try out a full demo account on either a retail or options account. This demo account remains valid to a period of 21-days. This trial can then be extended through contact with the broker customer support, or through opening another demo account if you wish.

    Standard Retail Account

    The AvaTrade standard account type serves as the base for the majority of traders with the broker. Here you can trade everything you need through the wide range of CFDs markets offered by the broker. It is very easy to get started too. All you will need is verification of your ID, and proof of residence. From here you can get started on trading very quickly.

    The minimum deposit with an AvaTrade standard retail account stands at a very reasonable $100. This is great for new traders and again makes it very easy to get started trading.

    Options Trading Account

    Another popular account type choice with the broker, the Options account also has a minimum deposit of just $100 to get started. Here you will find quite a broad range of 40 forex options pairs to trade in.

    An important point to note here is that you can also open a if you would like to try it out first, and the broker does offer lots of educational material on options trading in particular. This can be great if you are just getting started.

    Spread Betting Account

    AvaTrade is one of the most popular spread betting brokers in the sector. This account type for AvaTrade spread betting is available only to UK and Ireland based traders, though the minimum deposit still remains excellent at just £100.

    As a spread betting trader with AvaTrade, you will have access to more than 200 assets including in forex, commodities, indices, equities, bonds, and ETFs. There really is something for all in spread betting here. The minimum trade size remains accessible too at just 0.1 standard lots.

    Islamic Account

    An Avatrade Islamic account is also available. This is ideal if you are a trader who needs to follow Islamic trading regulations. This account does not charge any swap fees which means it can be completely Sharia compliant.

    For more information, check out our article on swap-free Islamic brokers.

    Professional Account

    As a professional trader you also have the chance to trade through the AvaTrade professional account offering. If you want to open a professional account though you should note that you will have to meet at least two of the following requirements:

    • Have made an average of 10 transactions of significant size per quarter in the past year
    • Possess a portfolio of over €500,000 value (in your bank or into the trading account) .
    • Relevant experience in the financial services sector

    Once you have met at least two of these conditions then you would be eligible to open an AvaTrade professional account that comes with increased leverage up to 400:1 on forex trading.

    Another added benefit of trading as a professional at AvaTrade is the fact that they do not withdraw your negative balance protection as some other brokers do with professional traders. That, and the fact that your spreads improve, starting from 0.6 pips, make AvaTrade a great choice for experienced traders.

    Account Base Currency

    AvaTrade is an international broker, therefore they do a good job in catering for the availability of multiple base currencies. These may vary depending on your country, but there are many major currencies available including USD, EUR, GBP, JPY, and AUD.

    Deposit

    Let’s take a closer look at the different ways in which you can deposit to your AvaTrade account, and the variety of costs associated.

    AvaTrade Minimum deposit

    The AvaTrade minimum deposit across the board is generally $100 on each account type. The only exception here is if you deposit via wire transfer. The minimum deposit is then $500.

    Deposit Methods

    There are a wide selection of deposit methods available for you to choose from. These include wire transfers that take a maximum of 7 days to complete, credit/debit card deposits that are typically instant, and eWallets such as Skrill, Neteller, and WebMoney that can take up to 24 hours.

    There may be more deposit methods available depending on your local area. The best place to check these out is the deposit area of your AvaTrade account.

    Deposit Fees

    Avatrade deposits are generally free of any fees. The only exceptions here may be if you are making a wire transfer, in this case you should check with your bank on any fee they may charge. Also, if you are depositing in a different currency that is not a base currency of the broker, then you may incur a small conversion fee.

    Withdrawals

    As with deposits, there are a range of withdrawal methods available at AvaTrade. Remember, your withdrawal method usually has to match your deposit method.

    Withdrawal Methods

    You can withdraw via wire transfer, credit/debit cards, and eWallet methods like Skrill, Neteller, and WebMoney.

    Again, the timeframes remain the same with a wire transfer taking up to 7 days, a credit/debit card being almost instant, and eWallets taking around 24 hours to process.

    Withdrawal Fees

    As with deposits, withdrawals are usually free of any fees. Again, the only exception here may be from your bank side if there is a wire transfer, or a currency conversion fee that may be in place. .

    Spreads & Commissions

    Taking a look at spreads and commissions we find a unique situation with AvaTrade only offering fixed spreads. These fixed spreads though do happen to be some of the most competitive in the industry. Of course, fixed spreads tend to be slightly higher than variable spreads, but the positive point is they do not change with the market, and so you always have an accurate picture of your trading costs.

    Here is an example of some AvaTrade retail fixed spreads on popular markets.

    • EUR/USD – 0.9 pips (0.6 for professional traders)
    • Gold – 0.34 pips
    • S&P500 – 0.25% of the investment
    • Bitcoin – 0.35% of the investment
    • US Stocks – 0.13% of the investment

    When it comes to commission, AvaTrade does not charge any. The only additional fee beyond the spread may be the overnight fee that we will now take a look at.

    Fees

    Here are a couple of the main fees that you should be aware of when opening a trading account with AvaTrade:

    Overnight Fees

    Since AvaTrade operates primarily as a CFD broker, the overnight fee is charged on basically every asset if you are holding it overnight.

    This fee does not apply if you are an Islamic trader and have opened an AvaTrade Islamic account that is available on request.

    Inactivity Fees

    As a real trader with AvaTrade, there is an inactivity fee in place. This is charged at $50 if you have not logged in to your account and been active for a period of three months. This fee is charged after each inactive 3 month period.

    If you do not have enough balance to meet the inactivity fee, then the broker reserves the right to close your account. You should also note that this does not apply to demo accounts.

    Pros
    • The broker presents an excellent range of accounts to choose from for all traders
    • Options and Spread betting is available and popular among many UK/Ireland traders
    • The low minimum deposit of $100 across the board makes it a very accessible trading choice
    • The excellent value fixed spreads are a key reason why many choose AvaTrade
    Cons
    • The demo account limit of 21 days can be too short for many traders
    • The high inactivity fees can discourage some casual traders with the broker

    AvaTrade review
    Trading

    Moving on to trading with AvaTrade. Here we will take a look at the key trading features and markets that are made available.

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    Trading Features

    There are several key features that make AvaTrade a popular choice among all types of traders.

    Executions

    Just like many of the top forex brokers you will find utilizing fixed spreads, AvaTrade is a CFD Market Maker broker. This means that you do not directly access international markets in the same way you would through an ECN style broker, but instead you trade based on parameters and pricing put in place by the broker.

    This style of trading is still favored by many and can provide for a positive and well-structured trading environment.

    Sizing

    Starting with trade size, at AvaTrade, the minimum trade size you can utilize here is 1 micro lot. This means that as a forex trader, you can trade from $1000 in a non-leveraged trade. This is also equal to 0.01 standard lots and could decrease further if you are employing leverage.

    Techniques

    You will be glad to find that AvaTrade does allow for a variety of trading techniques. This includes both scalping and hedging as well as algorithmic trading with EAs catered for through the MT4 trading platform. Spread betting is also made available to UK and Ireland based traders.

    At the moment, you cannot access your own VPS while trading with AvaTrade.

    Risk Management

    A fundamental tool for any forex trader or anyone trading in any market is the ability to manage your risk. AvaTrade caters positively for this through a variety of order functions that can be applied in your trading platform.

    These are stop losses, take profits, limit orders, and trailing stops, all of which assist you in managing risks in the market to get the best possible returns on your trades. The broker also utilizes margin calls if you are trading on leverage. This lets you know when your equity is below a certain point and can be useful in helping you manage these positions.

    Leverage

    The leverage that you will have access to at AvaTrade depends on where you are based and the entity of the broker that you registered with. Within the EU and UK, this leverage is restricted to 30:1 due to ESMA regulations.

    If you are a professional trader, or based outside the EU, this leverage extends to 400:1.

    Platforms & Mobile

    Platforms are the most important tool that any broker can offer, so let’s take a look at what AvaTrade has.

    Charting and Trading tools

    The majority of charting and trading tools available with AvaTrade come from MetaTrader. They are well-known for providing great depth in this category, and so, starting out as a trader with AvaTrade, you will have access to an impressive range of 51 charting indicators and more than 30 drawing tools to create a completely customized trading experience.

    MetaTrader Platform

    AvaTrade works hard to provide for the best trading platforms in the industry. To this end, both MT4, and MT5 are made available in all forms including web trader, and mobile. These are some of the best recognized platforms in the industry and can be highly customized to suit all traders and also those who want to engage in more automated trading through the EAs feature to engage trading strategies coded in the MQL language.

    Above all, Metatrader is one of the most robust, efficient, and easy to run trading platforms around. They will run on practically any device with ease.

    AvaTrade Proprietary Platform (WebTrader)

    The AvaTrade proprietary WebTrader is an excellent platform that is compatible and can run within basically any browser. It is very easy to start and ideal for those new to trading who are on the look out for a very user friendly trading platform.

    The platform also has many charting and analysis tools built in, and although it is slightly less customizable than MetaTrader, it still represents a great trading platform choice.

    AvaTradeGO Proprietary Platform (Mobile)

    The mobile version of the WebTrader brings the same excellent usability and detailed range of options and features as you get from the web-based version. The AvaTrade Go platform really makes trading on the move very easy. It is extremely intuitive and easy to get to know even for new traders.

    The platform is available on both Android and iOS devices and also carries the AvaProtect feature that we will discuss later.

    AvaOptions

    If you are into options trading, then you will be glad to know that AvaTrade has a dedicated trading platform for these. It is also very user-friendly and caters for trading in all of the 40 forex options available as well as providing the same great range of risk management tools that you would expect. There is even a portfolio simulation function to give you a very clear idea of how your position will stand.

    Duplitrade

    This is a very popular third party copy trading platform that you can utilize with AvaTrade. It allows you to follow the trading signals and strategies of others that you can then implement in your own trading. Again it is a very user-friendly option that may be great if you have limited time or are interested in this style of trading. The minimum deposit to use this platform starts at $2,000.

    Markets

    AvaTrade is a CFDs broker, every asset listed on the platform is offered as a CFD. Here is a more detailed look at exactly what is available.

    Forex

    AvaTrade has a good range of forex trading available with 60 forex currency pairs to choose from. The spread here is also very competitive starting from 0.9 pips as a fixed spread.

    40 of these currency pairs are also available for trading as options through the AvaOptions trading platform.

    Commodities

    The broker offers trading in a total of 16 commodities markets as CFDs. This includes a selection of soft and hard commodities as well as energies.

    Indices

    Trading in global indices is very much available. A total of 20 major worldwide markets are offered here that cover locations around the world including the US, Europe, and Asia. You can also choose to trade other sector indices such as the cannabis index.

    Crypto

    If you are interested in crypto trading, you will also be pleased to see that AvaTrade makes 13 crypto assets available for trading. These include some of the most popular on the market like Bitcoin, Ethereum, and Ripple.

    Stocks

    Stocks are very well represented by AvaTrade. They make more than 100 global stocks available for you to trade in. These come from major markets in the US, Europe, and elsewhere around the world.

    ETFs

    ETFs trading is available too. Here you can choose from 5 ETFs in emerging markets, Brazil, Gold, Energies, and VIX short term futures.

    Bonds

    There are 2 bond markets available to trade in. These markets are the Euro bond, and the Japanese bond.

    Products

    AvaTrade also offers one other unique product and feature that we can now take a closer look at.

    AvaProtect

    AvaProtect is a service very unique to AvaTrade and one that is very well regarded by traders in the industry. It is a protection feature that gives you even more cover as a trader with the broker.

    Simply, when you open a position, you can also purchase AvaProtect and set its duration. This then works to protect your position for that time, so that if it ends in a loss when the period expires, you can be reimbursed your lost amount.

    It is an extremely unique feature that is utilized by all types of traders, but may be perfect for new traders still getting to know the market too.

    Social Trading – Copy Trading

    When it comes to copy trading, there is a very healthy range of choice at AvaTrade. Here you can utilize Zulutrade, Duplitrade, and benefit from the copy trade like functions associated with EAs in Metatrader.

    Both Zulutrade and Duplitrade are compatible with AvaTrade and can be connected to your trading account easily. Zulutrade is one of the most popular copy-social trading platforms around, while Duplitrade also allows you to copy signals and strategies from others.

    All are easily available with the only downside being that the Duplitrade minimum deposit is quite high at $2000.

    Pros
    • The broker offers a great and wide range of platform choices to suit all
    • If you are interested in copy trading, you will also have multiple options available
    • AvaProtect is one of the most unique features in the industry that can be a great asset in helping protect your funds
    Cons
    • Some may feel that the asset selection offered is smaller than similar sized major forex brokers

    AvaTrade review
    Education and Support

    Continued development and growth is vital as a forex trader. So too is a well-supported environment no matter how much trading experience you have. Here we will take an in-depth look at how AvaTrade shapes up in both of those regards.

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    Languages

    The AvaTrade website is available in a host of languages. 29 to be exact. These include English, Chinese, Spanish, Japanese, Arab, Russian, Nigerian, Afrikaans and more Asian and European languages.

    On mobile though, just 6 languages are supported including English, French, and German.

    Research

    When it comes to research, AvaTrade caters well with a full list of earnings releases on stocks. These can be a useful tool and good indicator to potential investors. The broker also provides a detailed economic calendar to note the significant upcoming economic events as well as daily blog posts on market analysis and news.

    They also feature some technical and fundamental analysis as conducted by their own team of analysts.

    Customer Service

    AvaTrade excels with their customer service. They are available through live chat based on their website, and can also be contacted by phone or email. The service delivered here is always professional and top-quality and the broker has office locations around the world meaning they have a huge total of 39 local phone numbers you can call based on your location.

    Added to that, their website is excellently prepared with a comprehensive FAQ section to answer any more questions that you may have.

    Education

    An important aspect of any broker, it is very clear that AvaTrade values all of their traders’ development highly. This is supported by a very strong educational offering that includes 57 video tutorials covering all aspects of trading from the very beginning.

    The more experienced can benefit from these resources too as well as free webinars to attend and a variety of ebooks available to read.

    Pros
    • There are a huge number of languages available to suit all requirements
    • The customer service availability and experience is excellent.
    • The education section is very well resourced with more than 50 video tutorials
    • AvaTrade provides excellent quality research on the market to help you as a trader
    Cons
    • The number of languages available on mobile could be increased from 6

    AvaTrade review
    Our Opinion

    Overall, AvaTrade is undoubtedly one of the top brokers around, and one of the few we have reviewed that has minimal negative points associated with them. Being very well-regulated around the world affords them an excellent reputation for being a very well trusted broker. This is further backed up by their physical presence in many countries.

    The broker offers a very diverse collection of opportunities, not only for forex trading but also those interested in copy trading and spread betting that has helped to broaden their appeal. The fixed spreads starting from 0.9 pips also provide certainty in the trading costs that are helped out by great value fees in most areas.

    New traders as well as experienced can feel supported here by a great education infrastructure, and professional traders too benefit from the lower spreads of 0.6 pips. It is easy to see how AvaTrade has grown into a market leader since they cater very well to every sector of the market and all traders.

    AvaTrade Pros and Cons

    Pros

    • Avatrade is a top European broker worldwide regulated by the best regulatory bodies in the industry. They also have many office locations around the world.
    • They are one of the only top brokers to offer a great value fixed spread. This starts from 0.9 pips.
    • There is a great range of account types to choose from and the broker also caters very well to both copy trading, and spread betting traders.
    • They feature an excellent low minimum deposit of just $100. This keeps the broker accessible to all.
    • AvaTrade offers some of the best trader protection around. This includes their negative balance protection, and AvaProtect feature.
    • They have an awesome education section with over 55 video lessons, additional lessons for professional traders, free webinars and ebooks
    • Great support service, especially with phone calls where AvaTrade offers over 30 numbers you can call.
    • A top-quality and detailed research section is provided for.

    Cons

    • The offering of only around 200 assets in total for trading may be seen as quite limited by some.
    • The 21-day limitation on demo accounts is a little short.

    AvaTrade FAQs

    Where is AvaTrade based?

    Avatrade is an Irish broker with a headquarters in Dublin, Ireland. They also have offices in 9 more hubs including Japan, Australia, South Africa, China, Chile and more. Learn more on the company on our AvaTrade review Security section.

    What is the minimum deposit for AvaTrade?

    The minimum deposit if you want to get started with AvaTrade is $100. This is great value for both new and experienced traders in the industry.

    Is AvaTrade regulated?

    AvaTrade is completely safe and regulated by multiple bodies globally, including ASIC, FSCA, and the Central Bank of Ireland in the EU. For more information on licenses, check the Security section of our AvaTrade review.

    How long do AvaTrade withdrawals take?

    Usually Avatrade withdrawals will take at least 7 days, though this is dependent on the withdrawal method you use. You can check our review above to see what is available.

    What is AvaTrade leverage?

    The leverage available with Avatrade changes depending on the asset and on the country you’re based in. The maximum Avatrade leverage is 30:1 within the EU. This increases to a max of 400:1 outside the EU. You may also qualify for increased leverage if you satisfy the criteria as a professional trader.

    How do I withdraw money from AvaTrade?

    You can withdraw from your Avatrade account by logging into your personal area on the avatrade website. From here, choose your withdrawal method and it’s as easy as following the on-screen instructions.

    Is AvaTrade a good broker?

    AvaTrade is an award-winning broker. They are very well-respected as one of the best brokers for fixed spread trading in the world.


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    AvaTrade Review 2020 and Technical Opinions

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