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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
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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:
• 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
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 feesAlso, 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
Trading feesHowever, 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 FeesCFD 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$. Forex FeesForex fees are remaining also at the average level, while major currency pair offer pleasant cost wise, along with over great opportunities to invest AvaTrade offers. Also, Forex and CFD assets spread might be calculated in a slightly different way, since spreads may vary according to country rules, yet all remain clear and transparent with AvaTrade. Also, always consider Overnight fee or interest rate is a fee which should be paid in case the trading position is opened longer than a day, or overnight. In this case, you should calculate a small percentage that will be added above, yet, also subject to change on a particular instrument, hence may cause you even to gain on rollover. How to use the AvaTrade Forex calculatorSo in order to manage your risk or not let you confused about charges, while trading you may also use great tool AvaTrade provide. Which is Forex Calculator that allows to consider and see all costs, losses or profits. Here are the steps on how to use Calculator.
Non trading feesLastly, there is an inactivity fee that is charged if you didn’t show any activity or open trades for a period of 3 month. In this case you will be charged 50$ 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 WithdrawalsBeing 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.
Trading PlatformsAvaTrade 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
• 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 PlatformAs 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. |
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| • 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.
• Suitable for professional traders or beginnersc
• Many languages supported
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.
• Customer friendly and easy to navigate
• Price alerts with notifications right at your mobile
• Many languages supported
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
EducationIn 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.
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