Verdict

/ 5

AVATrade review

By azeshan

Updated on Oct 30, 2024

12 mins read

7 customer reviews

Overview

Trading is a personal and specific process for us all. What works for one person, doesn’t necessarily suit another. For that reason, choosing a quality broker to suit...

See full overview for AVATrade

Trading is a personal and specific process for us all. What works for one person, doesn’t necessarily suit another. For that reason, choosing a quality broker to suit our specific needs is vitally important.

There are many brokers out there and taking the time to compare and analyze is worth the effort. One popular broker is AvaTrade, an option suitable for both beginner and advanced traders. With strong regulation and a range of features, this broker is a high quality choice for many. But is it the right option in this case?

We’ve put together this comprehensive AvaTrade, aiming to provide all the information required to make a strong, informed choice.

TL;DR

AvaTrade is a highly regulated forex and CFD broker with a solid reputation.
Offers various trading platforms including MT4/MT5 and proprietary options.
Strong educational resources and unique features like AvaProtect.
Competitive spreads but watch out for high inactivity fees.
Suitable for both beginners and experienced traders, with some limitations.

Criteria Breakdown: How We Evaluated AvaTrade

To effectively assess AvaTrade’s performance, we put together a list of criteria. These contain elements that all users will need when trading and overcoming any issues.

These include regulation, customer support, tradable instruments, platforms, and fees. Additionally, we assessed AvaTrade’s accounts, educational resources, and its processes for withdrawals and deposits.

Criterion	Description	Importance
Regulatory Compliance	Ensures broker’s legitimacy and safety	Critical
Trading Platforms	Quality and variety of available platforms	High
Asset Selection	Range of tradable instruments	High
Fees and Spreads	Cost of trading with the broker	Critical
Customer Support	Quality and availability of assistance	High
Educational Resources	Training materials for traders	Medium
User Experience	Overall ease of use and reliability	High
Account Types	Suitability for different trader levels	Medium
Deposit/Withdrawal	Ease and speed of fund transfers	High
Additional Features	Unique offerings that add value	Medium

About AvaTrade

Best Known For: Safety, Diversity, and Education

Founded in 2006, AvaTrade is a well-regulated, popular broker that has a significant global customer base. This broker has offices worldwide, including Australia and Dublin, Ireland. It is best-known for its excellent customer service, a range of trading platforms, and its user-friendliness. Additionally, AvaTrade is a prominent choice for traders that want to learn more, with a range of educational resources on offer.

It’s important to note that users from certain countries are prohibited from using AvaTrade due to regulatory restrictions. This includes the US, Canada, Belgium, Cuba, and New Zealand.

One of the biggest advantages of choosing AvaTrade is the range of accounts on offer. These cater to all ability levels and offer features across the board. Additionally, the affiliate program is an option for those who want to expand earnings.

A standout feature is AvaProtect. This is a risk management tool that ensures traditing positions are protected against losses. To use this, it’s important to select the specific period that the feature needs to be active for; that way, trades are fully protected during that amount of time.

Additionally, we should mention that AvaTrade offers a range of tradable instruments. These include forex, indices, stocks, commodities, bonds, cryptocurrencies, and ETFs. Portfolio diversification is easy with such a range of assets.

AvaTrade review, what it’s known for — Image Credit: AvaTrade
AvaTrade is a popular and well-regulated broker for all trading needs.

Pros

Highly Regulated and Trustworthy

One of the first things we should look for in a broker is regulation. This gives peace of mind that our money and personal data are safe. AvaTrader has strong regulation, meaning that it adheres to robust regulations and offers transparency in its operations.

ASIC in Australia, and the Central Bank of Ireland in the EU regulates AvaTrade. Additionally, it is regulated in South Africa, Japan, the UAE, and via CySEC in Cyprus. While this broker isn’t regulated in the UK, it does accept UK-based clients.

Additionally, we can take peace of mind from the extra measures AvaTrade put into place to protect its clients. This includes funds kept separately from operating funds, negative balance protection, and a secure trading environment. The site has advanced encryption technology, two-factor authentication, and secure payment methods.

Excellent Educational Resources

One of the areas where AvaTrade really shines is in its library of educational resources. Whether a beginner or an advanced trader, it’s possible to develop skills and knowledge via several routes. These include tutorials, eBooks, articles, and videos. Subjects include how to trade online, currency trading, copy trading, cryptocurrency trading, stocks, and financial derivatives.

Tutorials are also offered on trading platforms, helping us to understand more about charting and technical analysis. The MetaTrader platforms have a range of such features and tutorials allow us to get the best out of them.

Some of these resources may be redundant for more experienced traders. However, for beginner and intermediate traders, they are ideal for learning and development.

User-Friendly Platforms

AvaTrade offers several trading platforms to choose from, including MetaTrader and proprietary choices. WebTrader is a user-friendly web platform that doesn’t require any downloads or installations. This is ideal for those who want to trade directly from a laptop or desktop. With a range of advanced charting tools, analytical indicators, and automated trading options, this platform is a great option.

This broker also offers industry-standard MetaTrader 4 & 5, which have their own range of advanced tools. MetaTrader 4 in particular is a popular forex trading platform. Conversely, MetaTrader 5 is an updated version which has enhanced charting capabilities. This platform also provides access to a wider range of tradable instruments than its predecessor.

For those who want to trade on-the-go, the AvaTradeGO app is available. This is a proprietary app that allows access to accounts, monitoring, and placing trades. It is available via iOS and Android, and is very easy to use.

We can also mention automated trading, which is a key feature supported by the MetaTrader 4 & 5 platforms. We can all find this useful, as it allows us to use algorithmic trading strategies and expert advisors to execute trades automatically. As a result, we don’t miss profitable opportunities.

AvaTrade review of platforms include AvaTradeGO. — Image Credit: AvaTrade
The AvaTradeGO app is ideal for those who want to trade on-the-go.

A Range of Different Account Types

There are many account types that suit different needs and preferences. The Demo Account is the best place for beginners to start. This gives an environment for skill development without risking real money. It provides access to many trading instruments which can be traded via virtual funds.

The Standard Account is designed for beginners ready to trade with real money. With low minimum deposits of $100, this account also offers variable spreads and leverage up to 1:400.

The Retail Account is a good choice for experienced traders. This is reflected in the higher minimum deposit, which is $1000. This account offers variable spreads and leverages up to 1:30. A wider range of tradable instruments are available via this account, creating good potential for higher gains.

The next option is the Professional Account, which is another for experienced traders. However, to sign up for this, specific criteria must be met. These include a certain trade experience level, trading volume, and financial knowledge. If accepted, this account offers access to many trading instruments, low spreads, and higher leverage, up to 1:400.

Finally, AvaTrade offers an Islamic account.

Competitive Spreads on Some Instruments

One of AvaTrade’s unique features is that it offers spreads over the market. This means that on any given day, we may pay slightly more than the market rate on a particular currency pair. However, we can trade without worrying about slippage or requotes. Spreads can also vary depending on market conditions.

Spreads are variable on all accounts but overall they are very competitive. This does vary according to the specific instrument, so it’s important to research carefully before making a trade. However, AvaTrade does offer generally competitive spreads overall.

Excellent Customer Service

If we run into a problem, we need to speak to someone and resolve the issue. This is sometimes difficult if customer service isn’t the best quality, but AvaTrade doesn’t have this issue. Most users state that this broker offers excellent customer service and it is available 24/5 via phone, email, and live chat. Additionally, support is available in several languages, making it accessible for most people.

AvaTrade in general is renowned for its quality support and many users mention the fast response times and quality of advice.

AvaTrade review of trading conditions and fees. — Image Credit: AvaTrade
AvaTrade offers competitive trading conditions and fees

Cons

High Inactivity Fees

Some brokers don’t charge an inactivity fee, but AvaTrade does. This fee is charged after three months of inactivity, i.e. when the account is not used. Then, for every three months, if no activity is detected, another fee is charged.

These fees are quite high compared to other brokers who do charge this fee. For USD accounts, the fee is $50, for EUR accounts it is €50, and it is £50 for GBP accounts.

For active traders, this won’t be an issue. However, beginners may not trade constantly, and a gap of three months will cause this fee to be charged.

High Pricing for Retail Accounts

There is only one specific account for experienced traders. The Professional account has many stipulations attached to it, which means most experienced traders will choose the Retail Account. However, the pricing structure attached to this account is quite high. For instance, the minimum deposit amount is $1000.

While it does offer better leverage and variable spreads, it may not be the most cost-effective choice. In this case, there are other brokers that offer a greater range of account types for experienced, active traders.

Does Not Allow US & Canadian Clients

It’s worth mentioning again that US and Canadian clients cannot use AvaTrade. This is due to regulatory restrictions.

Criteria Evaluation

Regulatory Compliance and Safety: 5/5

Trading Platforms and Tools: 4.5/5

Asset Selection: 4/5

Fees and Spreads: 3.5/5

Customer Support: 4/5

Educational Resources: 4.5/5

User Experience: 4/5

Account Types: 3.5/5

Deposit and Withdrawal Processes: 4/5

Additional Features: 4.5/5

Community Reviews and Expert Recommendations

Overall, AvaTrade receives positive community reviews. Many users mention the ease of use, range of platforms, and number of tradable instruments on offer. They also rate the quality and responsiveness of customer support.

Experienced traders mention they would like a greater range of account types. They particularly mention the high minimum deposit required. However, overall, community reviews mention they like the range of features that AvaTrade offers.

Industry experts largely agree with the comment from community reviews. They specifically define quality regulation and customer protections. Additionally, experts rate the number of analytical features and educational resources.

Price

AvaTrade offers a generally cost-effective trading environment, however there are some fees we need to consider. Withdrawals are free, but there is an inactivity fee for accounts that are dormant for three months.

Minimum deposits are $100 for Standard Accounts, but the Retail Account has a high minimum deposit of $1000. However, AvaTrade’s forex and CFD fees are average, compared to other brokers.

Alternatives to AvaTrade

There are many alternative brokers on the market, should AvaTrade not be the best fit. In this section, we will explore some notable choices.

RoboForex

RoboForex is a popular broker that was established in 2009. It offers 0% commission on deposits and withdrawals. There is a copy trading feature which allows us to learn from successful trades, and a range of educational resources. RoboForex offers a range of tradable instruments and platforms.

Learn more in our RoboForex review.

EXNESS

Exness is a recognizable name and a strongly regulated broker. There are a range of accounts for different needs, including more choices for advanced traders. There are no hidden commission fees and narrow spreads across all accounts.

Discover more in our Exness review.

FXGlory

Founded in 2012, FXGlory is a good alternative broker choice. It offers high leverage for experienced traders, and very user-friendly platforms. There are many charting tools on offer, and several account types. However, it does lack strong regulatory oversight, which may be a concern for some.

Visit our FXGlory review for more information.

FPMarkets

Our final alternative is FP Markets, a broker with several strong regulatory licenses and a good reputation. This broker offers a range of tradable instruments, and high leverage of up to 1:500. FP Market has excellent customer service and offers several accounts for different needs.

Final Thoughts

There are many brokers on the market, and it’s important to assess several before making a final choice. AvaTrade is a broker with a long history of happy customers and has a real focus on education. This AvaTrade review has aimed to cover all the necessary information.

It is a good choice for both beginner and advanced traders, although it lacks several accounts aimed toward advanced users. Beginners will enjoy the Demo Account and the Standard Account offers suitable conditions and cost-effectiveness.

With strong regulatory oversight and many customer protection mechanisms, AvaTrade brings peace of mind. It has a real focus on education, which is ideal for beginners in particular but also those who want to improve their skills.

The AvaProtect feature stands out for risk-averse traders in particular, along with countless other features. While some of the fees may not be the lowest on the market, this broker does bring value to the table.

Here at TopBrokers we understand how confusing it can be to find the best broker for specific needs. For that reason, we offer a range of reviews and comparisons to help you make the best choice. For instance, we offer guidance on forex trading for beginners and more. Our resources are on hand to guide you toward the best outcome for your trading endeavors.

Countries

+219

Minimum deposit

$100

Bonus:

AvaTrade Welcome Bonus

Withdrawal fee

Deposit fee

Max insured

€20,000

Our Verdict

3.7

/ 5

See our process of evaluating brokers

Commissions & Fees

3.2

/ 5

Deposit & Withdrawal

3.8

/ 5

Customer Support

3.8

/ 5

Account Opening

3.7

/ 5

Regulation & Safety

4.2

/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

See the entire process here.

Pros

Highly Regulated and Trustworthy
Excellent Educational Resources
User-Friendly Platforms
A Range of Different Account Types
Competitive Spreads on Some Instruments
Excellent Customer Service

Cons

High Inactivity Fees
High Pricing for Retail Accounts
Does Not Allow US & Canadian Clients

General details

Type of accounts

Standard Accounts

Trading platforms

Execution Model

Deposit currency

EUR

GBP

USD

AUD

NZD

CAD

CHF

Regulatory complience

CySEC

ASIC

FSA (SV)

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Arabic

Hungarian

Spanish

Italian

Chinese

Korean

Dutch

Polish

Portuguese

Russian

Autotrading

AvaSocial AvaTradeGO DupliTrade Zulutrade MQL.5 Signals MT4 EA MT5 EA

Contact details

+12129419609

Customer reviews

Read real reviews from traders all over the world:

Machet

17 December 2021

Advantages: Easy account opening

Disadvantages: Fishy spreads, buggy platforms

The real spread is not what they show in their platform. Sometimes they show you fake prices with low spread. I discovered this in BTCUSD trading. The buy price was higher than the price visible in the Tradingview platform and the sell price was lower. So the actual spread was two times what they show you.

Danny Peek

9 February 2021

Advantages: none

Disadvantages: Bad management

I finally reclaimed my funds when I involved globalreclaimai from their website and they presented a case before Avatrade that helped get all my funds back but they have good spreads on their platform

See all 7 customers reviews

Accounts

Type of Trading Accounts on AVATrade

AVATrade offers various trading accounts to cater to the needs of different types of traders, from beginners to experienced professionals.

Standard Account: The Standard account is designed for beginner traders in the Forex and CFD markets. The minimum deposit requirement for a Standard account is $100. It offers variable spreads and leverages up to 1:400. The account also provides access to various trading instruments, including Forex, stocks, indices, commodities, cryptocurrencies, bonds, and ETFs.
Retail Account: The Retail account is designed for traders with more Forex and CFD market experience. The minimum deposit requirement for a Retail account is $1,000, which offers variable spreads and leverages up to 1:30. The account also provides access to a wider range of trading instruments, including Forex, stocks, indices, commodities, cryptocurrencies, bonds, and ETFs.
Professional Account: The Professional account is designed for experienced traders who meet specific criteria, such as having a certain level of trading experience, financial knowledge, and trading volume. The account provides access to various trading instruments, including Forex, stocks, indices, commodities, cryptocurrencies, bonds, and ETFs. The account also offers lower spreads and higher leverage, up to 1:400, depending on the instrument traded.
Demo Account: AVATrade also offers a demo account for beginners who want to practice their trading strategies and test the trading platforms without risking their capital. The demo account provides access to various trading instruments and allows traders to trade with virtual funds.

Trading Denominations on AVATrade

AVATrade allows traders to deposit and trade in currencies, including USD, EUR, GBP, and AUD.

Company Structure

AVATrade was founded in 2006 to provide a reliable and user-friendly trading environment for Forex traders. Since its inception, the company has experienced exponential growth and expanded its services to cater to traders of all levels. Today, AVATrade has thousands of registered customers globally and executes over two million monthly trades, with total trading volumes surpassing $70 billion.

The AVATrade Forex Broker is a multinational company with regional offices and sales centers in Paris, Dublin, Milan, Tokyo, and Sydney. AVATrade’s global presence enables it to provide localized support to its clients, making it easier for traders to get assistance in their preferred language and time zone. The company’s administrative headquarters are located in Dublin, Ireland.

The company has won over 30 reputable industry awards since 2009, including Best Forex Broker, Best Trading Experience, and Best Customer Service awards. These awards are a testament to AVATrade’s commitment to providing its clients with high-quality services and a positive trading experience.

AvaTrader - AVATrade

Scalping

Hedging

Trading with expert advisers

Trading 24 hours a day

Trailing stop

Trading Platforms

AVA TRADER

Deposit currency

USD

EUR

Trading instruments

Forex

1:200

Number of currency pairs: 7

AUD

CAD

CHF

EUR

GBP

NZD

USD

CFD's

1:200

Amount of assets: 200

Promotions

Indices

Products

Metals

1:200

Silver

Energy Source

1:200

Oil

Gas

Cryptocurrencies

Stop Out

10 %

Minimum position size

0.01 units

Execution type

market

Spread type

Floating

Decimal places

Margin Call

10 %

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Standard MT4 - AVATrade

Scalping

Hedging

Trading with expert advisers

Trading 24 hours a day

Trailing stop

Trading Platforms

METATRADER 4 Meta Trader 4 Mobile

Deposit currency

USD

Trading instruments

Forex

1:400

Number of currency pairs: 7

AUD

CAD

CHF

EUR

GBP

NZD

USD

CFD's

1:200

Amount of assets: 200

Promotions

Futures

Indices

Products

Metals

1:200

Gold

Silver

Energy Source

1:200

Oil

Gas

Cryptocurrencies

Stop Out

10 %

Execution type

market

Spread type

Floating

Decimal places

Margin Call

10 %

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Tradable instruments

Tradable instruments on AVATrade trading platforms include:

Currencies

Stocks

Indices

Commodities

Cryptocurrencies

Frequently asked questions

Find the right answer to your question below.

Is AvaTrade safe to use?

AvaTrade is a highly regulated broker providing extensive customer support. This includes negative account balance, segregated funds, and encryption. Having been founded in 2006, AvaTrader has a long history with great reviews and comments from industry experts.

What trading platforms does AvaTrade offer?

AvaTrade offers several trading platforms. It offers MetaTrader 4 & 5. These are industry-standard platforms which come with a range of charting tools and features. This broker also offers a Web Trader platform, which doesn’t require any downloads or installation. For trading on-the-go, AvaTradeGO is the proprietary app which is available on iOS and Android.

What are the minimum deposit requirements for AvaTrade?

AvaTrade has different minimum deposits depending on the type of account chosen. The Standard Account requires a $100 minimum deposit. However, the Retail Account requires a higher minimum of $1000, which is a considerable amount compared to many other brokers.

One of the main negative comments about AvaTrade concerns the lack of diverse accounts for experienced traders. The Retail Account is the prime choice for these types of traders and with a high minimum amount, it can be alienating for some.

Does AvaTrade offer a demo account?

AvaTrade offers a Demo Account which is ideal for beginners. This allows new users to practice their trading skills and strategies without the risk of using real money.

What customer support options does AvaTrade provide?

AvaTrade offers excellent customer support which is available through email, telephone, and live chat. Support is available 24/5 through several languages. Many users rate AvaTrade’s customer support responsiveness and quality very highly.

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