AvaTrade is a leading international forex broker and is part of the AVA Group of companies. Being founded in 2006, AvaTrade is one of the oldest online brokerages. Our review details the trading platforms, mobile app, deposit methods, and MT4 integration. We also compare trading costs, spreads, and leverage. From Bitcoin to vanilla options, whatever you want to trade, see if Avatrade will suit you.
The company now has four offices around the world, located in Japan, Australia, Ireland, and the British Virgin Islands. As one of the largest and most respected online brokerages in the world, AvaTrade accepts clients from a huge range of regions and accepts trading accounts in a variety of currencies.
The firm also recently announced a major partnership with English Premier League Champions Manchester City, underlining the brands’ growth and visibility.
Table of Contents
- Regulation & Reputation
- Types of Trading Platforms Available
- Trading Accounts Offered
- Bonuses & Promos
- Instruments & Assets
- Customer Support
- Deposit & Withdrawal
- AvaTrade Trading Tools
- Avatrade Spreads
- Accepted Countries
Regulation & Reputation
Choosing a forex broker that is regulated by a reputable regulatory agency is of the utmost importance, for regulated status helps to ensure a company’s trustworthiness and competence. AvaTrade is most definitely a reputable firm, being regulated by several authorities from around the world.
- In Europe, the broker is regulated by the Central Bank of Ireland under license #C53877.
- In Australia, the broker is licensed by the ASIC under license #406684.
- In Japan, the broker is licensed by the FSA under license #1662 and the FFA under license #1574.
- In South Africa, the broker is licensed by the FSB under license #45984.
AvaTrade is among the best online brokerages in the industry in terms of reputation and reliability, and you can trade with confidence. The company has won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker YEAR”
The firm has also now opened up the market in Canada via a collaboration with Friedberg Direct. Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian Exchanges. Friedberg Mercantile Group Ltd. is headquartered at 181 Bay St., Suite 250, Toronto, ON M5J 2T3, Canada.
Types of Trading Platforms Available
One of the most impressive aspects of AvaTrade is the number of trading platforms available to traders. There is literally something for everyone here, whether you’re a beginner, seasoned trading veteran, or something else. The following platforms offered by AvaTrade are:
- MetaTrader 4 platform
- MetaTrader 5 platform
- Meta Trader for Mac
- Meta Trader for mobile trading (Download the Avatrade app directly here)
- Meta Trader for web trading
- The AvaTradeAct platform (Proprietary Platform)
In addition to these platforms, AvaTrade features various automated trading software to suit every person’s needs. The following are:
- Mirror Trader
- MQL5 Signal Service
- API Trading
Trading Accounts Offered
AvaTrade keeps things simple with their accounts by offering only two account types to most traders. A standard account and a demo account. Standard accounts can be opened with as little as $100 using credit cards or with $500 via wire transfer.
In addition to the two standard accounts, Muslim traders are accommodated by offering ‘swap-free accounts’ that operate in accordance with the Islamic Sharia Principle of interest-free trading.
As well, professional traders can open up MAM accounts to easily manage several accounts for their clients. These types of accounts include the following features:
- Ability to create multiple sub trading groups
- All MT4 order types such as stops, limits and close are available
- Expert Advisors (EAs) compatible
- Minimum lot at 0.01 lots
- Multiple allocation parameters
- Order placements for unlimited client accounts
- Trade order placements from a master account
Bonuses & Promos
Bonuses may be available depending upon geographical location; please contact AvaTrade for more information.
Instruments & Assets
AvaTrade excels once again at offering traders a wide array of financial trading instruments. Investors are free to trade:
- Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
- Cryptocurrency – (Not available in Canada) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin cash.
- Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading these financial assets.
- Options – Avatrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product.
AvaTrade clients can also download the broker’s social and copy trading platform – AvaSocial. Available on iOS and Android devices, the mobile app lets clients replicate the trades of successful investors. Users can opt to manually trade on market signals or to follow a fully automated service. 24/7 trading is available on forex, stock, crypto, and commodities markets.
AvaSocial is also an excellent social trading platform. Users can interact with other traders via community channels and ask questions on specific strategies, find out more about crypto markets, or seek out a trading mentor. This makes it a great tool for beginners.
AvaTrade offers excellent customer support via several multilingual options. The options include live chat, email, FAQ page, social media, fax, and telephone. Telephone support is offered in several languages and countries throughout the world, including 21 different countries throughout Europe, 2 countries in Africa, 6 countries across Asia, 4 countries across South America, 2 countries in the Middle East, and Australia.
The support offered is prompt and informative from local customer support representatives. The recent partnership in Canada for example gives customers access to customer services of locally based Friedberg Direct.
Deposit & Withdrawal
Deposits – AvaTrade offers its clients a variety of deposit options. Traders may fund their accounts with credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER, and WebMoney. The minimum initial deposit for opening up an account is only $100.
Withdrawals – Traders can withdraw their funds via the same methods used for deposits. Withdrawal requests will take up to 5 business days to process. Once processed, withdrawals will be completed as soon as the methods allow them to be completed. The fastest method of withdrawal is by using the Ava Debit Mastercard, which traders can apply for once signed up for an account.
AvaTrade Trading Tools
Education – AvaTrade has an exceptional education center. It may be the best one we’ve ever seen, complete with videos, eBooks, tutorials, glossaries, and more. There is a whole section on their website dedicated to educating their traders. As well, the whole site in general is very informative for day traders.
Trading Tools – AvaTrade has an abundance of features dedicated to successful day traders. One of their most impressive features is their automated trading software bundles which are exceptional for day trading.
Range of assets – There is a massive array of assets to choose from, which makes this brokerage great for day traders who are just beginning or seasoned veterans.
Free Trading Coaching Course – The recent promotion of the partnership with Manchester City Football Club included some free trading courses. Specific details can be found here: MCFC Online trading course
Examples of the variable spread at AvaTrade;
They have very competitive spreads are competitive at AvaTrade, and they are constantly working to reduce them further. Particularly in the crypto market, the firm has made huge strides. Just recently spreads on cryptocurrency trades were slashed by 50% – but an announcement has revealed they have been trimmed by another third. As brokers gain confidence in the liquidity of the markets, they can be braver with spreads.
Avatrade accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
However, traders from the United States, Belgium, Zimbabwe, Iran, Iraq, India, and Pakistan are not accepted by the broker
Is Avatrade legitimate?
Yes. Avatrade is legitimate forex and CFD broker. The brand is regulated around the world, including in Europe, Australia, and South Africa.
Are Avatrade Regulated?
Yes, the brand is regulated around the world:
AVA Trade EU Ltd is regulated by the Central Bank of Ireland.
Ava Capital Markets Australia Pty Ltd is regulated by the ASIC.
Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA ).
Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574).
What is the minimum deposit for Avatrade?
An AvaTrade account can be opened with $100 (or £100 or €100).
Is Avatrade a market maker?
No. Avatrade is a broker, not a market maker.
How long does it take to withdraw from Avatrade?
They process withdrawals within 1 day. Different withdrawal methods can sometimes take longer for funds to actually clear, however.
Credit/Debit Cards – up to 5 business days
E-wallets – 24 hours
Wire Bank Transfers – up to 10 business days
Wire transfer delays often depend on the Country and bank in question.
What is Avatrade leverage?
Leverage at Avatrade will vary by asset and the Country of origin of the trader.
Higher leverage may be possible with a professional account if traders are based in Europe.
What methods can I use to deposit funds at AvaTrade?
Deposits can be made through credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER, and WebMoney.
|Leading forex and CFD broker regulated in Ireland, Australia, Canada, and South Africa. Avatrade are particularly strong in integration, including MT4|
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.