Avatrade.com Review 2020 Is AvaTrade A Scam or Reliable Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Contents

AvaTrade Review

AvaTrade

Leverage: 1:30 | 1:400

Regulation: Bank of Ireland, ASIC, JFSA, FSCA

Min. Deposit: 100 US$

HQ: Dublin, Ireland

Platforms: MT4, AvatradeGo

Found in: 2006

AvaTrade Licenses

  • AvaTrade EU Ltd – authorized by Central Bank of Ireland registration no. C53877
  • Ava Capital Markets Australia Pty Ltd – authorized by ASIC (Australia) registration no. 406684; regulated by the South African Financial Sector Conduct Authority FSCA No.45984
  • AvaTrade Japan K.K. – authorized by FSA (Japan) registration no. 1662 and the FFAJ no. 1574
  • Ava Trade Middle East Ltd – authorized by FRSA (Abu Dhabi Global Markets (ADGM)) registration No.190018
  • AVATrade Ltd – authorized by B.V.I Financial Services Commission

Top 3 Forex Brokers

Alpari Review

FXTM Review

FP Markets Review

  • Our Review
  • AvaTrade User Reviews
  • AvaTrade News

What is AvaTrade?

AvaTrade is one of the leading, globally presented broker with over than 200,000 trusting clients worldwide. A regulated on 5 continents forex broker that providing customers with sophisticated trading solutions, regardless of user knowledge or experience, by bringing the possibility to enter the market trade through numerous, adaptable platforms, tools and options.

Ava also is a multi-national company, which headquarters in Dublin, Ireland but operating regional offices. These including entities in Paris, Dublin, Milan, Madrid, Tokyo, Beijing and Sydney, as well in South Africa, Chile, Mongolia, Nigeria and newly established UAE brokerage.

Pros Cons
• Heavily regulated broker with excellent reputation

• Forex and CFD Cryptos offered

• Great trading tools

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

• Fast digital account opening with Demo account

• Wide range of deposits and withdrawal options

• Quality customer support with live chat and fast response

• Phone support not available 24/7

What Type of Broker is AvaTrade?

AvaTrade is a broker that offers range from Forex pairs, CFD trading to Cryptocurrencies available to trade with no restrictions on short selling or scalping. Generally, AvaTrade is an STP and OTC broker that also uses high-technology for order executions, means quotes received from interbank and connected to the market itself.

10 Points Summary

1. AvaTrade is global broker headquarters in Ireland and offices around Europe, Asia and more

2. Strongly established broker with numerous regulatory obligations including licenses from ASIC, FSCA, JFSA and Central Bank licenses

3. A great amount of assets to trade including Stocks, CFDs on Commodities, Forex, Bonds, Metals, Cryptocurrencies and Vanilla Options

4. Demo Account – Available

5. Minimum deposit – 100$ which you can deposit with credit card

6. Trading costs and spreads are low

7. Variety of platforms to choose from including MT4 and proprietary AvaTradeGO, along with social trading platforms

8. Trading tools are provided through trading academy and are on a very good level

9. Great education and learning center defined by the level of experience

10. Customer Support will accompany all your trading experience and available in multiple languages

Awards

Within a few short years since its launch in 2006, AvaTrade has expanded enormously, while Ava global customers executing more than two million trades a month on over 250 instruments.

It’s not a wonder that Ava has earned numerous industry awards since over 10 years of successful activity, in addition to wide support programs launched by Ava. Apart from them, AvaTrade (previously known as Ava FX) was rewarded for its excellent service and the trading technology that confirm brokers’ strong and reputable position in the industry, which we will see why it is like that further in out AvaTrade Review.

Is AvaTrade safe or a scam?

As a multi-presented company, Ava follows strict rules of the Client Asset Regulations and procedures, which are obtained from the main parent company license issued by the Bank of Ireland and other regulations. In simple words its means the broker is constantly overseen and its trading solutions are aligned to safety measures or controlled at any stage.

Pros Cons
• Heavily regulated international broker

• Cross border licenses and global coverage

• Negative Balance Protection applied

• Not listed on Stock Exchange

Is AvaTrade legit?

Yes, AvaTrade is a fully legit and regulated broker in each jurisdiction, as hold necessary licenses and regulatory obligations apart from its main establishment standards regulated by Ireland. This information you may check from the official AvaTrade website, as well as through the authority website. Also, you may find the links of the licenses provided in AvaTrade Review and definitely should always verify for its true state.

Is AvaTrade regulated and by whom?

There are numerous entities Ava respectfully established apart from being regulated by the Central Bank of Ireland. Which also includes authorization from the world famous regulatory bodies ASIC (Australia), FSP (South Africa), FSA (Japan), Abu Dhabi authority, ESMA in European Union, British Virgin Islands and more.

Therefore, AvaTrade is heavily regulated and obliges with internationally recognized laws that keep brokers’ reliability at a certain level of trust and considered to be a safe broker to trade with.

How are you protected?

The set of regulation requirements enables protection to the clients and including – funds segregation, means all client funds are held separately from the firm funds with international banks under encryption. Security of the traders accounts with Investor Protection amount and Compensation Schemes in case the broker goes bankrupt, which is slightly different in each jurisdiction.

As well as fully audited trading procedures that are strictly checked by the authority on a daily basis in addition to negative balance protection.

Leverage

Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that higher leverage can work in reverse too.

Risk Level

The risk level is defined by several factors, and of course, leverage dramatically increases your risks to lose money as well.

AvaTrade as a regulated broker complies to slightly different trading conditions or regulatory obligations according to the set of rules established by the particular authority. This means that European traders or those clients that are registered with AvaTrade European entity will fall under ESMA regulation that recently limited Leverage.

  • European traders leverage is maximum 1:30
  • International traders or Australian clients can still use leverage until 1:400

Accounts

Another important note in AvaTrade Review which applicable, once we are sure broker is a reliable one, is to define what account types are available. Also, further we will see the full details on trading costs, platforms and other data that will follow.

Pros Cons
• Fast digital account opening

• Single Account with VIP club option

• Demo Account and Live Account

• Islamic Accounts

None

Do all countries accept AvaTrade?

There are numerous countries around the world the resident of which may open an account with AvaTrade. However, there are some restrictions applied, mainly due to regulation in a particular country and specified laws in the country or another. These restricted countries include the US, Iran, Israel and a few more, but generally, Ava accepts almost all countries.

Types of Accounts

AvaTrade does not diversify clients by the choice of account types but offers a single Standard account, just further, defining specified conditions for Corporate account or Islamic Account. Also you may open Demo account at the beginning to test brokers’ environment.

Accounts Swap free available for traders following Muslim belief or the ones who wish to trade markets according to Sharia principles, which is definitely a great option for world traders.

In addition, if you’re a professional trader with relevant experience and proof of that, you may be entitled to a Professional account where additional benefits are offered.

But first of all, you should proceed with the account opening and these are the steps to do so.

A Step by Step guide on how to open an account

1. Select and Click on AvaTrade Sign In page. You may also sign with an existing account on Facebook or Google.

2. Enter the required personal data (Name, email, etc.)

3. Verify your personal data. The broker may ask a residential proof, utility bill, etc.

4. Complete the electronic quiz to confirm your selection of an account and your experience

5. If applicable request Islamic account opening

6. Once your account is activated and proved, follow with the money deposit. See further paragraphs in our Review on how to do it.

Trading Instruments

So what you can trade in AvaTrade? Markets presented at Ava offering you over 250 instruments ranging from FX pairs to Vanilla options, CFDs on Commodities, Stocks, Indices, ETFs, Bonds and Cryptocurrencies.

Does AvaTrade have Nasdaq?

So yes, AvaTrade has Nasdaq in its trading list as well, eventually Ava offers truly great range so you will surely find a suitable portfolio for yourself.

AvaTrade Cryptocurrencies

AvaTrade offering to work on the pairs with Bitcoin trading, Ethereum, Ripple, Dash, Litecoin, Monero, NEO, IOTA, Zcash, Qtum and more. Cryptocurrency trade supported by both MT4 Platform or AvaTradeGO, and can be used with quite competitive spreads, no commission charges, leverage up to 20:1 and ability to start trading with as little as $100.

AvaTrade Fees

All trading transactions performed on AvaTrade platforms are subject to the trading charges that are consisting of Spreads and Overnight fees.

Generally, AvaTrade spreads are average fees or even low spreads comparing to similar proposals and broker’s competitors. Also, while selecting the broker you should check not only spread but also consider non-trading fees, withdrawal fee or other charges which applicable so that you will see the full picture.

Pros Cons
• Average trading fees

• 0$ Withdrawal fee

• Inactivity fee – 50$

• Administration fee for non-use account

Here is snapshot of AvaTrade fees

Also, see below the comparison table with a typical AvaTrade Spread and compare brokers to other CFD Brokers with CFD fees, commission or inactivity fee if applicable. However, always note fees are presented as an indication only and may widen to volatile conditions, especially Cryptocurrency spreads that depend on current market conditions.

Trading Fees of AvaTrade vs Similar Brokers

Asset/ Pair AvaTrade Fees eToro Fees Plus500 Fees
EUR USD 1.3 pips 3 pips 0.6 pips
Crude Oil WTI 3 pips 5 pips 2 pips
Gold 40 45 29
BTC/USD 0.75% 0.75% 0.35%
Inactivity Fee Yes Yes Yes
Fee ranking Average High Low

Trading fees

However, total fees are always defined by several points, which are consistent with the CFD spread as the main fee, commissions if applicable, conversion fees while you hold account in different base currency. And lastly inactivity or non trading fee. AvaTrade charges no commissions, as all fees are built into a spread, alike typical USD EUR 1.3 pips which is a difference between bid and ask price.

CFD Fees

CFD trading at AvaTrade gives you the opportunity to trade Commodities, Bonds, ETFs, Indices and Stocks. Generally, AvaTrade CFD fees are average level, yet Index CFD offered at a very competitive level as example Europe 50 CFD is 0.6$.

Forex Fees

Forex fees are remaining also at the average level, while major currency pair offer pleasant cost wise, along with over great opportunities to invest AvaTrade offers. Also, Forex and CFD assets spread might be calculated in a slightly different way, since spreads may vary according to country rules, yet all remain clear and transparent with AvaTrade.

Also, always consider Overnight fee or interest rate is a fee which should be paid in case the trading position is opened longer than a day, or overnight. In this case, you should calculate a small percentage that will be added above, yet, also subject to change on a particular instrument, hence may cause you even to gain on rollover.

How to use the AvaTrade Forex calculator

So in order to manage your risk or not let you confused about charges, while trading you may also use great tool AvaTrade provide. Which is Forex Calculator that allows to consider and see all costs, losses or profits. Here are the steps on how to use Calculator.

  1. Select instrument you trade
  2. Choose account currency
  3. Add leverage level
  4. Set either buy or sell position
  5. Lastly, choose the platform you’re using

Non trading fees

Lastly, there is an inactivity fee that is charged if you didn’t show any activity or open trades for a period of 3 month. In this case you will be charged 50$ per quarter. Moreover, the broker sets a fee for administration of 100$ in case you didn’t use the account for 12 consecutive months, so you better keep an eye over your account.

Deposits and Withdrawals

Being able to access your funds, fund your account with an initial deposit through a bank account with no complication is another core of the options trading. And while choosing a broker you should consider that point too, so here there are also good options offered by AvaTrade.

Pros Cons
• Fast digital deposits, including Credit Card, Debit Card, Electronic Wallet

• Withdrawals free of charge

•Withdrawal requests take up to 3 days for some entities

Deposit fees and Options

As a licensed broker that obliges to safety measures in various jurisdictions, Ava offers several convenient ways of depositing money into the account, these includes

  • Credit and Debit Card,
  • Wire Transfer
  • Electronic Wallet payments alike PayPal, Skrill, Webmoney and Neteller (available to all clients except EU & Australia residents)

Minimum deposit requirement

By the AvaTrade policy, the minimum deposit by Credit Cards or Debit Cards which is $250, or $500 by the Bank wire transfer. Yet you may need to deposit even smaller amount, starting from 100$ which depend on your trading entity. However, also always check on the necessary margins and trading costs in order to open position or define the invested amount.

Account base Currencies vs Similar Brokers

AvaTrade eToro Plus500
Bank Transfer V V V
Credit Card, Debit Card V V V
Electronic Wallets V V V
Base Currencies 5 1 10

Why is it important to compare base currencies with similar brokers?

In simple words, it means you avoid currency conversion fee and may transferwise or withdraw money to your bank account, debit cards or credit cards, when applicable, with no extra charges. All in all it makes your money management smooth process, which is indeed very useful.

Withdrawal fees and Options

Smooth withdrawals are definitely crucial for any trader, thus AvaTrade understanding that point typically process requests within 1-2 business days and does not charge any withdrawal fee. It is a good point to us, yet note that due to anti-money laundering regulations funds have to go strictly through the same source as the deposit was done including credit card or debit card.

Also due to regulations and international transfer laws, it may take additional days to receive the payment. For instance, you may also check out and compare AvaTrade fees to IG.

Here are the steps to withdraw money from AvaTrade

By a simple follow of instructions, you may access your account and submit a withdrawal. And of course, you may always count on great help center which is remaining at your assistance.

How do you withdraw money from account?

1. Login to your account. Select on Withdraw Funds’ at the menu tab

2. Fill in the form and enter the desired withdraw amount

3. Choose the withdrawal method

4. Complete the necessary form requirements

5. Confirm withdrawal details and Submit

Trading Platforms

AvaTrade offering a truly wide selection of platforms and tools, it is not an overstate that each client will find his suitable way. So let us take a closer look at a range of AvaTrade platforms while all of them available through Web, Desktop or Mobile Apps tailored to iOS or Android devices.

Scores & Availability of different platforms

• Great proprietary Web trading platform

• A choice between Web, Mobile and Desktop

• MetaTrader4 and MetaTrader5 offered

• Specialized software for social, automated and algorithmic trading included into proposal

• AvaOption for Options trading

• Web and Mobile App AvatrageGO for iOS and Android

• Easy to navigate and simple to use software

• Support of different languages

None

Web Trading Platform

As part of its commitment to empower traders, Ava caters to every type or level while each of its platforms provides an option to trade manually or automatically on a variety of financial instruments. Also, UK clients may request spread betting opportunities.

WebTrader as a innovative platform is a great option for beginning traders, as it features an intuitive interface and great design simple to use or understand.

• Proprietary Web trading platform

• User friendly design and login

• Price alerts and push notifications

• Supporting many languages

• WebTrader is more suitable for beginners

Languages available on the Web Trading platform

It is also very important to use the platform through your native language, therefore AvaTrade supports truly numerous languages, so you may select your best preferences. Available languages including but not limited to

Look and Feel

AvaTrade platform either web one or its additional software MT4 or MT5 features clear look and simple navigation. So whether you’re beginning or professional you will be happy to see intuitive design yet with powerful capabilities of tools. Also, you may choose the most suitable software according to your need either from WebTrader, AvaTradeGo app, Mac Trading or AvaOption platform.

Which was developed by Ava and allows you to enjoy another level of Options trading or FX with calls and puts, use of embedded tools and overall easy trading experience.

Login and Security

Accessing your account either through MT4 or MT5, along with other Ava platforms is a quite simple process. If you login through Web version you simply need to follow steps of security login.

In case you use AvaMetaTrader you need to install the desktop program then click on File-> Login to Trading Account, while typing your credits so then you’ll enjoy trading instantly.

Search Functions

One of the good features at the Ava platform is its search function, offering you easy navigation between the instruments or products you wish to trade. So by simple search line you will find the desired instrument through an advanced search between assets or options through a use of symbols.

Order Types

AvaMetaTrader or other platforms allows you to set specialized order types in order to manage risks, or set, adjust and manage profits or losses at any time. You may set either Trade Market or Pending order also specifying Stop Loss, Take Profit, Trailing stop and select desired type of executions. Also you may always modify your order through Order Modification Window. Eventually, you should stick to your strategy strongly and always set risk management tools for your successful trading experience.

Also note, AvaTrade does allow the holding of both Sell and Buy position known as hedging strategy.

Alerts and notifications

Platforms also powered with advanced technical indicators, charts and real-time price alerts with notifications which you may receive to your email. Thes

Desktop Trading Platform

It is still an option to use at AvaTrade desktop Platform which is an industry leading software very common, very powerful, yet allows flexible trading with a full capacity of auto or robot trading. You also can switch to MT4 Variable Spreads that offering the trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or to choose the fixed spread.

• Choice between platforms

• Suitable for professional traders or beginnersc

• Many languages supported • No Face login

Automated Trading

And the last but not the least, the AvaTrade Automated Trading capabilities, a very useful and promising tool especially for beginning traders. So Avar brought a variety of auto-trading software that enables copy or mirror the experienced strategy of successful traders.

AvaTrade offers few platforms to access auto trading which includes: DupliTrade is another successful social platform available for your opportunity, which suited for MT4 floating spreads and automatically copies the trades.

You still may also use ZuluTrade – one of the most popular auto trading software, and MQL5 – designed for MT4 terminal and enhancing signals service to auto-trade.

Mobile Trading Platform

Mobile app which AvaTrade absolutely proud of is AvaTradeGO, which is simple to use and offers a wide circle of tools at the same time. The App features a friendly dashboard with advanced tools and step-by-step guidance for trades opening, activity feedback and support.

As well, the platform allowing management of multiple MT4 accounts or switch between demo, real and variable spreads accounts.

• Proprietary App

• Customer friendly and easy to navigate

• Price alerts with notifications right at your mobile

• Many languages supported • No Face login

Customer Service

So getting to AvaTrade customer support it provides 24-hour live support available through live chat, email, phone support in 15 languages. Eventually, AvaTrade offers some of the greatest quality support with fast and reliable answers and a huge range of free of charge lines all around the world.

Pros Cons
• Quality customer support with live chat

• Fast response

• Phone support not available 24/7

Education

In addition to its some of the good quality trading offering among industry, all clients can enjoy absolutely stunning education resources. As Ava states that inspiring and expanding horizons of traders is the main part of everyday trading life.

Pros Cons
• Superior level educational videos and resources

• Tutorials and webinars defined by the traders level

• Free Demo account available

None

Therefore, education center constantly develops and features both Forex and CFDs trading information with Live Webinars, Technical Analysis, educational tools and much more. Along with proposal as a premium designed unique source with video tutorials divided by traders level, which is definitely great.

Also, you can choose a risk-free account at the first step with AvaTrade known as a demo account allowing to practice strategies and test the offered systems. So whether you beginning trader or professional one there is the right tool in AvaTrade box for your better practice.

Research

Also at AvaTrade you will find great research tools and materials, while you may use Autochartist when trading through MetaTrader. Along with other user-friendly tools including calculator, fantastic and clear charting with built-in News Feed and other essential trading data for your better trading. Also, you may sign in for the most recent market analysis which provided by professional AvaTrade educational site Sharp Trader.

Pros Cons
• Wide range of trading tools

• Trading ideas and social options

• Fundamental Analysis, Sentimental Analysis and Technical Analysis

• Economic Indicators

• None

Conclusion

Overall, AvaTrade Review shows us a broker with an expanded trading strategy available and a certain way of dealing with market and clients that gained a reliable and respected reputation. Ava flexibility in terms of platforms, currency pairs and a number of provided solutions is another key advantage to their positive side.

The broker offers competitive costs and excellent education material suitable for traders of different levels. While Ava continues to expand its trading range and capabilities you, as a trader, may gain multiple options for investment or trading all accompanied by a great reputation.

What we also like is AvaTrade high-tech access to an expanded range of the instrument and multiple platforms either for manual, algorithmic or social trading.

Apart, AvaTrade is an active social member company that supports numerous activities and other global strives. One of them is a partner with Manchester City premier league champions. Which is always a good plus, meaning the company maintains an excellent reputation not only in its direct area of business but beyond as well.

So all in all, within our AvaTrade for us it becomes clear from numerous favors that AvaTrade is a good choice for beginning or veteran traders. Indeed, its competitive conditions having all the potential to turn into an exciting collaboration.

Yet, it is always great to hear your personal opinion about AvaTrade. So you may share your experience or thoughts or discuss them below or ask us for additional information.

AvaTrade: Review

Is AvaTrade a good broker? What are the opinions held by its clients? Is AvaFX a scam or is it a reliable broker for investing? Is it cheap or does it charge high commissions? Does its trading platform allow for easy trading and does it have useful features? Many traders ask themselves these sensible questions, and we will answer them all in order to determine whether or not AvaTrade is a good broker for trading in Forex and CFDs . If you would like to know our opinion, we think that it is one of the best brokerage firms around in 2020 (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money).

In the article that follows, we will analyze some key factors upon which we have based our review. Among these factors is safety, something which will allow us to dedicate ourselves to trading without being worried about whether the broker we are using is a scam. Later on we will look at other very relevant aspects such as bonuses, the trading platform as well as the opinions made by other traders which we were able to find on internet forums dedicated to CFD trading.

Tabla de contenidos

Is AvaTrade a Scam? Is it Reliable?

All throughout this article we will be looking at those characteristics of AvaFX which have given us such a positive opinion of this broker.

In the first place, let us just say that AvaTrade is neither a scam, nor a fraudulent site, nothing like that. We certainly can’t say for sure, but the fact that this broker is overseen and regulated by some of the main regulatory bodies of the European Union – like the Central Bank of Ireland – and that it is registered with the Spanish CNMV.

On top of this, as we will see shortly, their spreads are highly competitive, and they do not charge any commissions for trading. What’s more, traders have a very favorable opinion of this broker, since the fact that they do not charge any commission saves them a lot of money.

Another of their most appreciated features is the enormous leverage allowed by this broker, which can reach 1:30 (like Plus500). You should be aware that operating with leverage involves high risks, but in our opinion, for traders with experience who know the risks they are taking, this offers them a great opportunity. Thanks to this level of leverage it is possible to invest 30 times the money you have invested. Taking into account that the minimum deposit is only 100 euros/dollars, in reality you will be able to trade with up to 3.000.

Safety, Fees and Comments

We already mentioned this fact, but we are going to expand on it further. AvaTrade is regulated and overseen by the Central Bank of Ireland, since it is an Irish broker. It is also overseen by the Spanish CNMV. You can trade without any concerns when you are dealing with a safe and reliable broker.

There is another aspect which is in AvaTrade’s favor, that is the fact that the broker is Irish. The majority of CFD providers for stock shares, Forex and commodities are from Cyprus. Being from Cyprus is not a bad thing in itself, it belongs to the European Union, which makes it safe and reliable. However, comments by traders seem to agree that being from Ireland places this broker at a higher level of confidence.

Another thing to highlight about AvaTrade is that they do not charge any commissions, and the only costs that traders have are spreads. That is to say, if we are trading CFDs on stock market shares or currency pairs on the Forex market, we will not be charged any money for each trade. However, since the brokers themselves need to earn money, they will impose a small difference in price between what the CFDs can be bought and sold for, the broker will receive the difference. The lower this differential, the better for the client.

Here, there is another element to keep in mind, that is that the spreads are dependent on the trading platform that is used as well as on market conditions. As a general rule though, spreads tend to remain fairly constant over time. For the platform which everybody knows, Meta Trader 4, the minimum spread on the Forex market is 0.3 pips, this is the same as on the broker’s proprietary platform.

There are other things we shouldn’t forget to mention about AvaTrade, like the fact that it allows CFD trading on Bitcoin. Another thing worth mentioning is that is makes available several trading platforms. On top of MetaTrader 4, it has its own proprietary platform – AvaOptions – which allows for OverTheCounter (OTC) trading, with puts and calls. Thanks to AvaOptions we are able to cover our Forex positions in a synergistic way when trading with AvaTrade.

So that it is perfectly clear, we are sure that AvaTrade pays out correctly and without difficulties and that it is a serious company. This is why you will be able to make a withdrawal request whenever you want and be paid in a matter of days.

Physical Presence in Ireland

AvaTrade is one of the few brokers to have a physical office location which can be visited in Ireland. It is certain that trading online only requires opening an account and using a trading platform, but it can not be denied that when choosing a broker, many clients are afraid of being scammed, that is to say of choosing an online broker that has nothing to substantiate it. This is not the case with AvaTrade, that has physical locations in Irlenad, and it is possible to personally acquaint oneself with the people who manage and operate the brokerage in Dublin.

It goes without saying that it is possible to ask for a meeting in person to discuss different investment options and tools. This is why we can claim that in terms of customer service, AvaTrade is one of the best brokers available in the Englishlanguage.

As of 2020, the offices of AvaTrade in Ireland are located in Dublin, but it is possible that in 2020 they will be opening new offices. Moreover, while in the Irish offices formative courses are offered, there is also much free learning material available online.

Open a Demo Account

If you are interested in trading with real money right away, you can skip over to the next point in this article. On the other hand, if you would prefer to start out on a simulator, AvaTrade offers you the option of opening a free demo account with which you can try trading in a virtual currency. In this way, if you don’t know much about trading and want to see how news items can influence the price of different assets (stock shares, commodities, currency pairs, indexes, and ETFs), you can try your hand with the demo account.

Another possible reason for experimenting with a demo account if you don’t have much experience, is that you probably won’t know in advance how the trading platform operates. What’s more, AvaTrade offers its own proprietary platform as well as the one commonly used by traders – Meta Trader 4. For this reason, if you would like to learn how the proprietary platform works so that you don’t commit errors in the future, it is a good idea to gain some experience by trading with the virtual currency.

Creating an Account and Final Rating

To end this review we will summarize some key points about AvaTrade and give it a final rating – you can already see from the image above that our final rating is for 5 stars. The advantages offered by AvaTrade which have influenced our decision to classify it as one of the best brokers of 2020 are as follows:

The regulation to which it is subject is very stringent. It has physical office locations in Ireland. It offers one of the best free demo accounts on the market. It has its own platform as well as the possibility of trading with MetaTrader 4 and both are capable of working on mobile phones. It does not charge any commissions and the spreads are low. For all these reasons, we think AvaTrade deserves a 5 star rating.

If you would like to create an account, follow these few simple steps:

2 nd step: Once on the website, click on the second image:

3 rd step: You need to fill out the screen with your personal information. You will also need to indicate the trading platform and currency of your choice.

4 th step: The final step is making a minimum deposit of 100 euros or dollars in order to start trading.

If you would like to receive more information or open a real money account, you can do so by visiting the official website (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money).

AvaTrade Review

Review

AvaTrade is a well-established Forex / CFD brokerage house which was founded in 2006 and has been conducting business ever since. AvaTrade was one of the first major brokerages in the retail Forex/CFD field, so it has a lengthy track record. Although they have their global headquarters in the Republic of Ireland, they have a corporate structure composed of several entities which match their regular bases of regulated operations: Republic of Ireland, Australia, Japan, South Africa, and the British Virgin Islands. As of February 2020, AvaTrade is also regulated by Abu Dhabi’s Financial Services Regulatory Authority. AvaTrade is the first Forex broker to receive a 3A license in Abu Dhabi, which allows the brokerage to offer both retail and professional trading services. AvaTrade allows its clients to trade 55 different Forex currency pairs and crosses, including some exotics, 17 commodity CFDs, 20 equity indices, 14 cryptocurrencies, and CFDs on 500 individual stocks and shares. AvaTrade also offers 2 bond CFDs, and 6 ETFs. Unusually, AvaTrade also offers option products on Forex. This AvaTrade review will cover everything you need to know about AvaTrade so that you can determine if this is the right brokerage for you.

AvaTrade Highlights

��️ Headquarter Ireland
⚖️ Regulations MiFID, Central Bank of Ireland, FSA, ASIC, BVIFSC, FFAJ, FSCA, FRSA
�� Type of broker ECN/STP
�� Minimum Deposit $100
�� Maximum Leverage 1:400
�� Type of platform MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based
�� Deposit with credit card Available
�� Depositing with wire transfer Available
�� Demo account provided Yes
��️ Instruments traded CFDs, Commodities, Metals, Oil, Gold, Indices

Back to Top

Regulation and Security

AvaTrade enjoys an extremely high and very strong level of regulation. It has regulations across 6 jurisdictions.

AvaTrade EU Limited is an Irish private limited company (company number 460012) based in Dublin, Republic of Ireland, which controls AvaTrade’s operations within the European Union.

Ava Capital Markets Australia Pty Limited is an Australian private limited company (ACN 72 143 340 907) based in Sydney, Australia, which controls AvaTrade’s operations within Australia.

AvaTrade Japan K.K. is a Japanese company based in Japan which controls AvaTrade’s operations within Japan.

Ava Capital Markets Pty Limited is a South African company based in South Africa which controls AvaTrade’s operations within South Africa.

Finally, AvaTrade’s operations outside these jurisdictions are controlled by Ava Trade Ltd, a British Virgin Islands (B.V.I.) company.

In addition to that, AvaTrade has collaborated with Friedberg Direct, a reputable Canadian broker. The relationship between Friedberg Direct and AvaTrade was formed with the purpose to allow Canadian residents access to AvaTrade’s suite of products, including its multiple platforms, forex and CFD trade execution and other operational services, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

AvaTrade can therefore said to be formally based in the European Union (Ireland’s membership allows AvaTrade to be passported into the entire European Union), Australia, Japan, South Africa, and the B.V.I.

While the Republic of Ireland is not a common location for a Forex / CFD brokerage to base itself, it has a high level of regulation and financial services infrastructure. Australia is a more well-known and well-used base. We note that AvaTrade also reaches into some places that few brokerages can get established in, such as Japan.

This multi-jurisdictional setup allows AvaTrade to differentiate its offering depending upon where its traders are located. It is worth mentioning that acquiring regulation is not an easy feat for any Forex broker, so the fact that AvaTrade has acquired regulation in several jurisdictions shows its desire to provide a secure trading experience for its clients while being able to vary their offerings as per the allowances of each distinct jurisdiction.

AvaTrade has branch offices in Ireland, Italy, Japan, Spain, Australia, Mongolia, China, Nigeria, Chile, and South Africa.

Now for the full details of the regulation of the sundry AvaTrade entities: In Ireland, AvaTrade EU Limited is regulated by the Central Bank of Ireland as a MiFID investment firm under reference number C53877.

In Australia, Ava Capital Markets Australia Pty Limited is licensed by the Australian Securities & Investments Commission under license number 406684.

In Japan, AvaTrade Japan K.K. is licensed by the Financial Services Agency (No.1662) and the FFAJ (No.1574).

In South Africa, Ava Capital Markets Pty Limited is licensed under the Financial Sector Conduct Authority (FSCA) – FSP Number 45984.

In the British Virgin Islands (B.V.I.), Ava Trade Ltd is licensed by the Financial Services Commission to arrange deals in investments.

AvaTrade’s regulation in both Ireland and Australia provides its clients depositing in their branch in either jurisdiction with a degree of investor protection. The Republic of Ireland’s Investor Compensation Company has account protection which can protect deposits of up to €20,000. Australia’s ASIC is empowered to refund deposits of up to AUD $250,000 at deposit-taking institutions, although it is unclear whether this will tend to be applied to insolvent Forex / CFD brokerages.

AvaTrade has been in operation as a dedicated Forex / CFD brokerage house since 2006, giving it an unusually lengthy track record. As a rule of thumb, the longer a broker has successfully been in business, the better the reputation that broker can be deemed to hold. This means that AvaTrade has a powerful track record and an established reputation of safety as a brand which it needs and wants to protect, to ensure it remains in good standing in such advanced and highly regulated financial services centers such as the Republic of Ireland, the European Union, and Australia.

AvaTrade’s story of steady expansion adds to their level of credibility. After its initial establishment in Ireland in 2006, AvaTrade grew and acquired several licenses in other jurisdictions. AvaTrade’s client base globally has grown to reach today’s total of over 200,000 registered customers globally. AvaTrade currently claims to be executing over two million trades per month with a combined nominal value in excess of $60 billion, which is truly impressive.

As with all Forex / CFD brokerages regulated in member states of the European Union such as the Republic of Ireland, clients of AvaTrade operating through the AvaTrade EU Ltd branch are automatically granted negative balance protection. In any case, ALL AvaTrade clients globally, whether regulated by the European Union or not, are afforded the same protection beyond the legal requirement. Any “tail risk” of an unusual, extreme market movement, which can be exponentially raised by excessive leverage, is borne fully and voluntarily by AvaTrade.

The total fees charged by any brokerage should always be one of the very top considerations of someone looking for the most suitable Forex / CFD broker. It ranks right up there with security / safety of funds deposited.

Beginning with trading fees, we will look at spreads first (AvaTrade does not charge commissions), taken together as a “round trip” cost of opening and closing a trade.

The average round trip cost of trading the benchmark EUR/USD Forex currency pair is 0.9 pips. Furthermore, this spread is more competitive the lower you get to the minimum deposit of $100. Traders with more than a few thousand dollars to deposit may be able to find other brokers offering slightly lower average spreads, albeit with a similar very high level of regulatory oversight and protection.

The list of average spreads and maximum leverage with margin requirements offered from the B.V.I. for Forex currency pairs and crosses is detailed below:

The average round trip fees and costs for other CFD instruments offered such as commodities, individual stocks and equity indices are broadly a little better than average for the industry. Individual stocks and shares are mostly subject to a spread worth 0.13% of the nominal trade value, which is also quite impressive.

An often-overlooked element of the trading fee structure is overnight financing, which is typically a net charge applied to any trade open at 5 p.m. New York time. These fees are, theoretically, calculated from intrabank tom/next intrabank fees, but retail brokerages usually offer much less favorable rates. These fees can have the effect of making swing or position trading expensive. AvaTrade is totally transparent regarding its overnight financing rates, which is a sign of trustworthiness: frequently, brokers don’t publicize their existing rates, but they can always be found within the relevant trading platforms if you know where to look for them.

AvaTrade make no claims about how their overnight financing / swap rates are derived.

Finally, we conclude the topic of fees by checking whether clients are charged any incidental fees not directly related to trading processes by AvaTrade, regardless of whether a trade is made.

AvaTrade imposes an account inactivity fee of $50 per quarter but an account must have initiated no trading activity for a period of at least three months before this fee will be imposed.

Our bottom line on fees: AvaTrade’s fees are competitive for all clients, both for those who meet the minimum deposit requirements and those who deposit larger sums.

What Can I Trade

Aside from considering the issues around safety of funds and regulatory oversight, plus the overall fee structure, the priority consideration when choosing a new Forex / CFD brokerage is what assets you can trade. Many newer traders will be looking to trade only one single asset class, such as Forex or CFDs on individual stocks and shares, but more experienced traders will probably be looking for diversification, meaning a wide offering across Forex, commodities, stocks, Indices, etc.

AvaTrade offers the following instruments for trading:

Forex – more than 55 currency pairs and crosses, including exotic currencies.

Commoditiesa selection of 19 commodities, with several softs on offer as well as the more typical energies:

Indices – a selection of 20 indices, almost all equity indices, offered mostly from several developed nations but also including China and a global Cannabis Index:

Stocks – 500 major individual stocks are offered from the U.S., the U.K., Germany, France, and Italy, with highlights of the most popular offerings below:

Options – 46 currency pairs and the major precious metal Gold, with highlights of the most popular offerings below:

Exchange Traded Funds (ETFs) – 5 major ETFs are available:

Bonds – 2 very major government bonds may be traded:

Cryptocurrencies –14 major cryptocurrency pairs are offered, including the top 5 cryptocurrencies by market capitalization as at the time this review was published:

Our conclusion regarding AvaTrade’s offering of tradable assets is highly favorable, with a range of asset classes offered that should satisfy traders looking for serious diversification. It is rare to find a Forex / CFD brokerage offering a good selection of options, bonds, and cryptocurrencies simultaneously, and anyone who values this diversification should be extremely satisfied with AvaTrade’s offerings.

Account Types

A limited choice of different account types is offered, depending upon which branch of AvaTrade you are opening your account with.

Accounts are divided into two types: those servicing residents of the European Union, and those servicing persons resident outside the European Union. All accounts offer a market-maker / dealing desk execution type.

European Union residents have a choice between a Retail Account, a Professional Account, or a Spread Betting Account, although the Spread Betting Account is only available to residents of the U.K. and the Republic of Ireland.

In order to qualify for a Professional Account, clients must meet the ESMA regulation requirements which can be found on AvaTrade’s website. Professional clients can avail themselves of better spreads than retail clients.

The only difference between a Retail Account and a Professional Account is the maximum amount of leverage available for use. Retail Account holders are restricted to the European Union’s legal limit of 1:30 on Forex instruments (for the safety of the trader), while Professional Accounts holders may utilize leverage as high as 1:400 on Forex instruments.

The only real difference between Spread Betting and Retail Accounts is in the way position sizes are measured, but the costs and accessibilities are the same. Profits on spread betting can be tax free for residents of the U.K. and the Republic of Ireland.

Residents outside the European Union are directed towards the Standard Account. These persons can enjoy maximum leverage as high as 1:400 on Forex instruments.

Anyone may open a VIP Account if they deposit a sum greater than €10,000. This account offers lower spreads than other account types do.

A Crypto Account is available for clients worldwide wishing to trade cryptocurrencies.

An Islamic Account, where no overnight swaps are paid or charged, may be opened by Muslim traders requesting this account type.

A Vanilla Options Account is available to those wishing to trade options, using AvaTrade’s VanillaOptions trading platform.

All AvaTrade account types offer variable spreads.

The minimum deposit for all account types, except the VIP account, is $100. Deposits may be made in USD, EUR, CHF, GBP, or AUD (the latter is only an option for residents of Australia).

All AvaTrade account types utilize the MetaTrader 4 trading platform, except the Options Account which must be used in conjunction with AvaTrade’s proprietary AvaOptions trading platform.

Leverage is an important topic to consider when evaluating a Forex / CFD brokerage. AvaTrade’s position on leverage is determined by whether it is servicing customers resident within the European Union or not.

For European Union residents, AvaTrade offers a maximum leverage of 30:1 on Forex, 1:20 on indices, 1:10 on commodities, 1:5 for individual stocks and shares and ETFs, and 1:2 on cryptocurrencies.

For residents outside the European Union, AvaTrade offers a maximum leverage of 1:400 on Forex and indices, 1:200 on commodities, 1:20 for individual stocks and shares and ETFs, and 1:20 on cryptocurrencies.

Every type of account offered by AvaTrade allows hedging, scalping, and automated trading via Expert Advisers. As AvaTrade uses the MetaTrader 4 trading platform for all its assets except Vanilla Options, there is a wide range of automated tools available which works with these platforms, and AvaTrade does not block or disable them.

Trading Platforms

AvaTrade uses the MetaTrader 4 and MetaTrader5 trading platforms for all its accounts, except its Options Account which requires the use of the Ava Options trading platform.

This will not be a problem for most traders as the old yet beloved MetaTrader 4 platform is still widely used.

MetaTrader 4 is available on all operating systems, tablet, mobile, app-based or web-based. Many users feel the apps tend to run with less glitches on a PC or laptop compared to the web version.

Despite no longer enjoying technical support from MetaQuotes, the MetaTrader 4 platform remains the gold standard of retail Forex / CFD trading platforms. It is relatively easy to use and intuitive, and in any case, its look and feel is extremely like MetaTrader 5 which was designed and marketed by the same parent company.

MetaTrader 4 allows hedging. It uses a programming language called MQL4.

MetaTrader 4 comes with a back-testing function.

MetaTrader 5

Anyone familiar with the MetaTrader 4 trading platform will instantly be at home with MetaTrader 5 which has the same look and feel. It is more powerful and faster than MetaTrader 4, especially when it comes to back testing functionality and

MetaTrader 5 uses a programming language called MQL5. It offers a wider range of pending order types and includes Depth of Market (DOM) data.

Ava Options

AvaOptions is Ava Trade’s proprietary platform for traders wishing to trade options, which are offered on Forex currency pairs and gold. Trading options can be a complex undertaking and AvaOptions simplifies the process, representing trade risks and payoffs graphically to give options traders a better understanding of the implications of their trades. The software presents implied volatility curves for all markets, as well as showing both current and historical implied volatility, as well as realized volatility.

Traders may use the platform’s screen to trade, including the setting of entry and closing limits. The platform includes 13 default options trading strategies, making trade structuring easy and doable at the touch of a button. Finally, the platform includes a nice range of advanced risk management metrics.

AvaTradeGO

AvaTradeGO is not really a trading platform, it is more of a portal that manages your MetaTrader 4 trading platform from a mobile device or tablet, although trades can be executed through it using the underlying platform. The portal gives you step by step guidance on what you are doing from moment to moment and analyzes the entirety of what is happening in your account(s), giving a valuable and easy to use dashboard view.

AvaTradeGO includes “Market Trends”, Ava Trade’s social / copy trading application.

Unique Features

There are two standout features that we discovered during this AvaTrade review: firstly, its strong regulatory regime in two major industry centers which enjoy high levels of regulatory protection (the Republic of Ireland and Australia); secondly, AvaOptions, with AvaTrade being one of the very few retail Forex / CFD brokerages which enables its clients to trade Forex options.

Regulation in the European Union member state of the Republic of Ireland is significant, as under Irish regulations, depositors may be protected by deposit insurance in case of a regulated deposit taking institution’s insolvency or other resulting inability to access deposited funds. The protection can be up to the high amount of €20,000 per depositor.

AvaOptions is a platform allowing you to access trading in vanilla Forex options, plus options in the precious metal Gold. You may trade any combination of call and put options, allowing the construction of relatively sophisticated options trading strategies such as strangles, straddles, and spreads. Expirations are offered between 1 day and 1 year from the present. This kind of retail access to Forex options is exciting and novel. There is a good case to argue that buying out of the money Forex options is the most profitable long-term trading strategy in currency trading. Forex options have gotten a bad name in recent years due to the market in “binary options”, but what AvaTrade offer here is light-years away from that.

On January 30, 2020 AvaTrade introduced AvaProtect, a service which protects traders from sudden negative movements during a defined trade period. This form of negative trade protection may be of interest to new traders, as it’ll give them the opportunity to test their strategies without taking a total loss if things go wrong. However, there is a fee for this service, though the AvaTrade website does not stipulate clearly what the fee is.

Research and Education

AvaTrade’s education offering is solid overall. While any Forex / CFD brokerage might produce a good all-round offering without offering research or education at all, that is not to say that trader education is not a “nice to have” if it is done well.

The first sub-section here offers “trading for beginners”. It contains several precise articles which explain succinctly the basic concepts and procedures of trading Forex and CFDs.

AvaTrade take education very seriously, and it is easy to see this because they have invested in creating their own “trading academy”, known as “Sharp Trader”. Sharp Trader is an exclusive, restricted, registration-only academy for members which includes:

  • Videos covering a wide range of trading topics.
  • Daily Technical and Fundamental analysis pieces on major currency pairs written by AvaTrade’s team of expert analysts.
  • Analytical videos.
  • A range of trading tools.

Sharp trader is good by the standards of academies created by Forex / CFD brokerages. It also includes some limited research content.

Other items available within AvaTrade’s education section include a free eBook, over 50 video tutorials, and glossaries of the important economic data releases and order types. These latter two items are important to understand and are easily misunderstood, so new traders will be able to learn something useful from these items.

Customer Support

For most clients, customer support won’t be much of an issue. Having said that, it is comforting to know that if you do need help, you will be able to get hold of someone competent quickly who will take responsibility for fixing whatever your problem is.

AvaTrade’s customer support service has a good reputation, partly because they are a well-regulated and global Forex / CFD brokerage, and partly because support is given in a wide variety of languages provided by native speakers – in over 15 different languages.

AvaTrade’s customer support desk is available during trading hours, on regular weekdays: basically, if the Forex market is open, AvaTrade’s support is open.

Traders can contact representatives at different departments in several international locations via email or telephone. Live chat is also available.

Bonuses and Promotions

AvaTrade is partially regulated in the E.U. (Cyprus). While bonuses and promotions are permitted from outside this region, this parts of AvaTrade must comply with E.U. law and as such the offering of new bonuses and promotions have been completely prohibited.

In other regions, at the time of writing AvaTrade is offering an approximately 20% welcome (sign-up) bonus which appears to be uncapped, which is unusually good.

Please note that such bonuses and promotions are nearly always subject to several terms and conditions which mean you must trade very large quantities before you will be able to withdraw any of the awarded amounts in cash.

Opening an Account

The account opening process with AvaTrade is quite good and speedy even in their highly regulated locations. You can expect to get your account open and ready the same day you begin the account opening process. Clients only need to navigate through a few screens where they submit a few details and choose the type of account they want to sign up for.

It is worth noting that residents of the United States and a few other countries cannot be accepted as new clients by AvaTrade.

In addition to providing personal and account details, new clients are required to verify their identity and prove their place of residence, as is customary. The process is completely digitized.

Deposits and Withdrawals

AvaTrade requires a minimum deposit of at least $100.

AvaTrade imposes no additional fees on any deposit or withdrawal beyond what the deposit or withdrawal mechanism itself may charge.

A very wide range of deposit and withdrawal methods are supported by AvaTrade. The most notable channels are Neteller, Skrill, and MoneyBookers. Major credit cards are also accepted, and bank transfers can also be used.

In practice, withdrawals must be made through the same channels that deposits are made through, which is a common practice applied by almost all retail Forex / CFD brokerages.

Some customers have reported that AvaTrade is a little slow to process withdrawals. However, the reported delays are slight, and importantly, it seems clear that AvaTrade is just being thorough in respecting their obligations under anti-money laundering laws, and being careful, rather than attempting to prevent withdrawals. During this AvaTrade review we did not find any examples where a withdrawal not executed by bank transfer or debit card was not executed on the same day where everything was technically in order.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: