Broker
AVA Trade
Main Advantage

FREE Demo Account

Customer Support
Overall Score
9.2/10
Payment Options

AvaTrade – Is This the Right Broker For You?

AvaTrade has been recognized as one of the leading online forex and CFD brokerage platforms in the industry. The company has been dedicated to providing traders with 24/7 access to the financial markets, allowing them to trade cryptocurrencies, CFDs, stocks, indices, commodities, bonds, ETFs and currency pairs. Over the past decade, AvaTrade has handled transactions worth billions of dollars for its traders from all parts of the globe. Their partnership with the soccer club, Manchester City, has also made them one of the most recognized brokers in the world. AvaTrade provides traders with a wide range of services and resources to make trading easier and more effective.

Due to their reputation and glowing online reviews, we decided to test out their services and to give an honest and unbiased review of AvaTrade. As one of the leading CFD brokers in the industry, AvaTrade is expected to provide world-class services and features to its traders. To properly investigate the platform and to find out how just excellent their services are, we opened a live trading account on AvaTrade and funded it with real cash. We then proceeded to test most of their services and features. This review is an honest, unbiased, and reliable review of AvaTrade and its services. It would allow prospective traders to know more about AvaTrade before they decide to sign up. Remember that there are a lot of reputable brokers in the industry and it is vital to partner with a broker that meets your trading needs, preferences and goals.

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AvaTrade Broker Review – Know the Facts, Trade with Confidence

Since 2006, AvaTrade has been providing its customers access to the CFD and forex trading markets. It later added crypto trading following the rise of Bitcoin and other leading digital currencies. Their primary aim remains to make these markets more accessible to traders around the globe. We created an account with AvaTrade, funded it with real cash, and proceeded to test the services they offer to traders. It enabled us to provide an accurate review of AvaTrade and how they operate. Here is a comprehensive summary of the services offered by AvaTrade.

PROS CONS
  • Accepts multiple payment methods for deposits and withdrawals
  • Supports various trading platforms including MT4, MT5, and mobile trading
  • AvaTrade is a multi-award-winning broker
  • Demo accounts are available, allowing traders to test their strategies before trading for real
  • Users have access to the markets 24/7
  • Supports over 250 popular financial instruments
  • World-class multilingual support is available on AvaTrade
  • Islamic account is available for Muslim traders on AvaTrade
  • The leverage on AvaTrade is as high as 1:400
  • Broker does not offer a wide choice of educational materials
  • Not available in certain countries like the United States

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What Makes AvaTrade Unique?

AvaTrade is a unique platform because of the numerous services it offers. AvaTrade grants traders access to various financial markets, including the stock, forex, crypto, indices, commodities, CFDs, and metals markets. Traders can access these markets using any of the trading platforms available here. They can choose the MetaTrader 4, MetaTrader 5, WebTrader, mobile trader, Mac trading, the AvaTradeGO mobile platform and more. The wide array of trading platforms supported on AvaTrade sets it apart from some of its competitors.

AvaTrade offers competitive spreads and fees to traders. You can access the over 250 popular financial instruments on the platform, while enjoying tight spreads on most of them. As a multilingual platform, AvaTrade also supports multiple base currencies. Therefore, traders from all parts of the world can access their account and carry out transactions with the currency of their choice. Since it has been around for over a decade, AvaTrade has handled transactions worth billions of dollars for thousands of clients around the globe. The high liquidity and stringent security measures implemented by AvaTrade makes it possible for traders to deposit, trade, and withdraw their funds with ease. In comparison to other top-notch brokers in the industry, AvaTrade offers many of the same features which are typical of regulated brokers.

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AvaTrade Experience Test

The effectiveness of a brokerage platform is usually determined by three vital services; customer service, order execution, and the withdrawal process. These three services are crucial to traders trading successfully and if not managed correctly, this can cause many traders to switch to another broker offering better features. To confirm how effective these services are on AvaTrade, we opened a live trading account and funded it with real cash. Afterward, we reviewed these services one at a time.

The first service we looked into was AvaTrade’s customer services. The trading world is a complicated one, and traders may encounter problems with their accounts at some point. Effective customer service would help them resolve such issues immediately and allow them to return to trading. AvaTrade is exceptional in terms of customer service. They have an active customer support team that is available in different countries around the world. Thus, you will feel more comfortable when an agent from your country gets in contact with you regarding your problem. Offering multilingual support, you can get in touch with the customer service team via email, live chat, and phone call. We submitted a ticket with our queries, and the team resolved it in less than an hour.

Secondly, we tested their order execution speed. It is a universal fact that fast order execution is often the difference between recording a profit or a loss. The trading platforms supported by AvaTrade are well known for fast order execution. As a result of this, traders can be assured that their orders will be executed as quickly as possible. We placed a buy order on one of our assets, and AvaTrade executed the order instantly. This means that we didn’t lose a buying opportunity. We obtained the same result when we placed a sell order on the asset after a while. The trading platforms are popular as a result of the fast order execution but they also come with other features like market news, economic calendar, and tools that make trading easier for AvaTrade customers. Each of the platforms also has an excellent UI, making it easy for traders to navigate the financial markets at all times.

The third important feature we reviewed was their withdrawal process. It is crucial that traders get to withdraw their earnings without going through any stress. AvaTrade has made sure of this. Their streamlined payment system means that we became eligible to withdraw our funds immediately after depositing it, even without trading an asset. We filled out AvaTrade’s withdrawal request form and submitted it to the customer support team together with our identification documents. The request was approved, and our bank account was funded shortly afterwards. For those using bank wire methods, it could take 2 business days or more for the funds to arrive in your account due to bank policies so it is recommended to check this directly with your bank.

Customer service, order execution, and payment withdrawal are important to the success of traders, and AvaTrade provide them efficiently to their customers. After reviewing these services on AvaTrade, we can recommend the platform to you in terms of your trading needs. If there is something specific you require in order to meet your trading needs which AvaTrade does not offer, take the time to assess other quality brokers in the industry.

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Is AvaTrade a Scam or Legit?

AvaTrade is a global leader in the CFD and forex brokerage industry. It is not a scam platform since the company is regulated by various regulatory agencies in the world. The company is regulated by the Central Bank of Ireland (with registration No.C53877), B.V.I Financial Services Commission, the ASIC (with registration No.406684), the South African Financial Services Board (with FSP No.45984), in Japan by the FSA (with registration No.1662) and the FFAJ (with registration No.1574).

Due to AvaTrade’s regulation by several financial regulators, the company is expected to comply with both local and international policies guiding the financial markets. AvaTrade strictly follows the Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies put in place to help curb crimes in the financial markets. The AML and KYC policies ensure that issues such as identity theft, money laundering, and other vices are stopped from taking place on any brokerage platform. The regulations also mean that AvaTrade’s services and operations are 100 percent transparent. Failure to verify your account and provide the required documents would make it impossible to carry out certain tasks, such as the withdrawal of funds.

Each country has its regulatory requirements. However, providing strict security measures is a universal agreement. AvaTrade implements a wide range of security protocols to ensure that user funds and personal information remain safe always. The high-security standards also ensure that traders can carry out various transactions, such as deposits, withdrawals, and trading, without the fear of losing their assets or getting hacked.

AvaTrade is a highly reputable brokerage firm that grants users access to over 250 assets under the stock, forex, crypto, commodities, indices, and CFDs markets. Their affiliation with Manchester City soccer club has also boosted their global recognition and turned them into one of the most popular brokerage platforms in the industry. AvaTrade is comprised of a team of highly efficient staff, present in all parts of the globe. Their customer service is very effective, multilingual and is available in various countries across the world. Based on this, regardless of your location, you can get in touch with a customer care agent that will fully understand your needs and who will be able to assist you in your local language.

The terms and conditions of AvaTrade are very clear. The platform dedicates pages to explaining to traders and investors what their policies are and what is required of an active member. Based on this, it is recommended that you check out their terms and conditions page before you start trading with them.

AvaTrade is a big supporter of user privacy. Since customers share personal information with them during the account opening stage or while speaking to customer agents, AvaTrade ensures that the data given to them remains safe and confidential at all times. In addition, the broker does not sell or share users’ personal data with third-party companies or other affiliated entities. As a trader, you can be confident that your funds and personal information will remain secure and private on AvaTrade.

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AvaTrade Regulation and Safety of Funds

AvaTrade is one of the highly regulated brokerage firms in the industry. At the moment, the company is regulated by financial authorities in Europe, Asia, Africa, and Australia. AvaTrade is regulated by the Central Bank of Ireland (with reg No.C53877), the B.V.I Financial Services Commission, the ASIC (with reg No.406684), the South African Financial Services Board (with FSP No.45984), and in Japan by the FSA (with reg No.1662) and the FFAJ (with reg No.1574). The company is heavily compliant with the local and international policies regarding financial markets, including the AML and KYC regulations. Traders cannot carry out certain activities, such as funds withdrawal, on AvaTrade until they verify their accounts by providing the necessary ID and address documents.

AvaTrade pays close attention to the safety of user funds on its platform. Their payment system has been streamlined to ensure that funds are safe during deposit and withdrawal processes. It is impossible for someone other than the account owner to withdraw money from an account. AvaTrade separates user funds from its operational money. This is to ensure that the funds don’t get mixed up, and traders can have access to their money whenever they wish to. The security measures implemented by AvaTrade do not stop with fund safety; it also extends to personal information. AvaTrade’s security protocols ensure that user’s personal data remain secure and private always. In terms of security of funds and data, AvaTrade meets with the international standards. As a result of this, your funds and data are safe with AvaTrade.

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AvaTrade - Account Types

AvaTrade is committed to remaining a global CFD brokerage platform that provides services to everyone. It is for this reason that they keep their platform simple and easy to use and navigate. At the moment, AvaTrade only provides users with two account types; standard accounts and demo accounts. In addition to these two, AvaTrade has an Islamic account to support Muslim traders using its platform. The Islamic accounts are swap-free accounts that enable Muslims to trade within the confines of the Sharia law.

While the demo account is free, the minimum deposit amount on the Standard and Islamic accounts is $100. The minimum lot size on AvaTrade is 0.01 lots, while they also support multiple trading platforms such as MT4, MT5, WebTrader, Mobile Trader, AvaTradeGO, and Mac Trading. The trading platform you choose during registration will determine the features available to you. However, all traders on AvaTrade have the ability to create multiple sub trading groups on their accounts.

In general, AvaTrade users get to enjoy excellent customer support, fast order execution, swift funds withdrawal service, and much more. If you are looking for more tailored account types, check out other leading brokers in the industry.

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AvaTrade Trading Conditions

The trading conditions on AvaTrade are as follows:

  • All spreads on AvaTrade are Over Market.
  • Forex Standard Spreads follow the normal market regulations.
  • Gold & Silver spreads could be wide between 22:00 – 02:00 GMT.
  • Crude & Brent Oil spreads could be wide between 22:00– 05:00 GMT.
  • During weekly inventories, Crude Oil & Natural Gas spreads may be wider.
  • Forex Options on this platform can be traded online up to 24 hours prior to their expiration.
  • BTCUSD, BTCEUR, BTCJPY, BCHUSD, ETHEREUM, XRP(RIPPLE), LITECOIN Mini, BTGUSD, DASH, Stellar (XLMUSD) – Trading is 24/7 for MetaTrader accounts.
  • Cryptocurrency spreads are usually volatile and depend on the market situation
  • Margin Requirements on cryptocurrency pairs may increase during volatile periods.
  • Islamic accounts cannot access crypto trading.
  • The minimum trading size lot on MetaTrader platform = 0.01
  • Trading hours may change because of Daylight Savings Time.
  • All Overnight Interest Rates are indicative and could be changed at any point.

Fees and Spreads

AvaTrade is known for offering competitive pricing on its platforms. The company doesn’t charge deposit and withdrawal fees. Depositing and withdrawing funds from AvaTrade is entirely free, however, your bank or financial institution could charge you for the transactions.

In terms of spreads, AvaTrade’s spreads are very tight and competitive. The platforms have similar spreads, which are calculated based on the asset and the amount the trader is investing. Based on this, you need to consider the amount you are trading when deciding on the spread.

Account Opening Experience

Opening an account with AvaTrade is a very simple process. The platform prides itself on providing traders with easy access to the financial markets. This is, therefore, the reason why the registration process is straightforward.

To register with AvaTrade, kindly visit their official website. Click on the ‘REGISTER NOW’ button at the top right corner of the homepage. You will be asked to provide your details, which include full name, email address, and a valid phone number. Submit your registration application and your account would be opened instantly.

Next, you will be required to provide your personal data to AvaTrade. This data includes your date of birth, address, city, street name, street number, zip code, password for the account, base currency, and the trading platform you wish to use. After providing these details, your registration is complete, and you can start trading your favorite assets on AvaTrade.

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Deposit and Withdrawals

AvaTrade has a very robust trading platform that enables the easy withdrawal and deposit of funds. They accept several payment methods. To deposit funds into your AvaTrade trading account, follow these steps:

  • Login to your AvaTrade account via your computer or mobile device
  • Click on the ‘DEPOSIT’ button on your dashboard
  • Select your preferred payment method (bank wire, credit/debit cards, or e-wallets)
  • Insert the amount you wish to deposit and submit
  • Your account will be funded instantly (for bank wire, it could take 2 business days or more for the transaction to be completed).

To withdraw your funds from AvaTrade, follow this process:

  • Login to your AvaTrade account via your computer or mobile device
  • Click on the ‘WITHDRAW’ button on your dashboard
  • Fill out the payment withdrawal form and submit
  • Your account will be funded after your application has been approved (for bank wire, it could take 2 business days or more for the transaction to be completed).

AvaTrade accepts the following payment methods:

Credit/Debit Cards

Credit and debit cards are used the most by global traders for depositing and withdrawing funds. Transactions using credit/debit cards are usually instant which means the funds will reflect in your account immediately. AvaTrade accepts several credit and debit cards, including Visa, Mastercard, Maestro, and others. Transaction fees are zero when you use credit cards to fund your account or to withdraw your earnings.

E-wallets

Electronic wallets have become a popular way of funding brokerage accounts and also for withdrawing funds by traders. Similar to credit/debit cards, the transactions are approved almost instantly, and AvaTrade doesn’t charge any transaction fees. E-wallets accepted by AvaTrade include Skrill, Neteller, and a few others.

Bank Wire

Bank wire is most prevalent in regions where the use of credit cards is low. This payment method takes longer to process (2 days or more), and transactions are free, however, your bank might charge you for processing the transactions so check these costs directly with your bank.

Keep in mind that you will not be allowed to withdraw your earnings on AvaTrade if you are yet to verify your account.

Account Verification

Since AvaTrade is a highly regulated platform, they abide by the KYC and AML regulations guiding the financial markets. Traders are required to verify their accounts by submitting their ID and residence documents to the customer support team.

Proof of Identity

For proof of ID, AvaTrade accepts the following documents:

  • National ID card
  • International passport
  • Driver’s license

The submitted copies of these documents need to be clear. The names displayed on the documents should match the ones on your profile. They should also display the full name, date of birth and picture.

Proof of Residence

AvaTrade also requires traders to provide evidence of their address. The documents accepted by AvaTrade include:

  • Bank statement
  • Utility bills (electricity, water, gas, and others)

The documents shouldn’t be issued more than three months ago and must display the necessary details, such as name and address.

Proof of Credit Card

Traders using credit/debit cards will also be required to verify these cards. You will also need to provide AvaTrade with a clear and colored copy of the front and back of the credit/debit card used. The copies should clearly show your full name, the expiration date of the credit card, and the first and last four digits of the credit card number. You are allowed to block the 8 digits in the middle of the card, including the CVV security code displayed at the back.

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AvaTrade Trading Platform

AvaTrade supports multiple trading platforms. Traders here have access to trading platforms such as WebTrader, MetaTrader 4, MetaTrader 5, Mobile Trader, AvaTradeGO, AvaOptions, and Mac Trading.

The various trading platforms available are to enable clients to choose the ones they prefer. Despite the differences, the trading platforms all come with excellent trading tools that would make it easier for you to trade financial assets with AvaTrade.

The trading platforms give users access to tools such as price charts, daily market news and analysis, economic calendar, expert advisors, automated trading options, flexible trading environment and more. With the WebTrader, you don’t need to download or install any software, and it is compatible with most of the browsers. However, you need to install the MT4 and MT5 trading platforms before you can use them.

Each of the platforms also has a friendly dashboard and a simple user-interface that will make it easy for traders to navigate the financial markets.

Education and Resources

AvaTrade recognizes the importance of training and education in the trading environment. As a result, AvaTrade provides traders with a range of educational materials on their website. AvaTrade has several eBooks, video tutorials, and articles for traders. New traders can get a complete introduction to trading online, looking at trading forex, and CFDs with technical analysis. The video tutorials will help you to better understand the trading strategies and how you can use them for trading your favorite assets. Some top brokers offer a wealth of other trading and educational resources including webinars, daily market news, videos and much more.

In terms of resources, AvaTrade has a vast number of trading tools. Each of the trading platforms supported here comes with several features and tools. Some of the tools available include price charts, daily market news, market analysis, economic indicators and calendar, and more. All these trading tools are made available to ensure that you easily navigate the markets. They also help traders make more informed decisions regarding their trades.

Customer Service

AvaTrade has one of the most active customer services in the industry. Their customer service is available in multiple languages, and they can be reached via phone in several countries around the globe. They are quick to respond and are available 24/7 to tend to traders’ needs. The customer support team is comprised of friendly and professional staff that have an in-depth knowledge of the financial markets. Furthermore, you can reach them via email, live chat, or phone call.

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Frequently Asked Questions (FAQs)

 

Is Avatrade Regulated?

Yes, Avatrade is a regulated company. They are currently regulated and authorized by the Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, the ASIC (No.406684), the South African Financial Services Board (FSP No.45984), and in Japan by the FSA (No.1662) and the FFAJ (No.1574). AvaTrade abides by the regulatory requirements of these agencies and ensures the safety of user funds and data on their platform.

What is Avatrade?

AvaTrade is a global leader in the forex, crypto and CFD brokerage industry. They grant traders access to the financial markets, allowing them to trade over 250 assets under the stock, crypto, forex, commodities, CFDs, and indices markets. In exchange, Avatrade charges trading fees and other commissions for providing them with such services.

Who has Experience with Avatrade?

AvaTrade is open to everyone, whether new or experienced traders. It is the reason why all features are made available to every trader. Their trading platforms have simple UI designs, making it easy for anyone to navigate the financial markets on AvaTrade.

How Does AvaTrade Work?

AvaTrade grants traders access to over 250 financial assets in the forex, crypto, CFDs, stocks, commodities, and indices markets. By allowing traders to trade the available assets, AvaTrade charges them commissions on each trade. However, Avatrade doesn’t charge fees for deposits and withdrawals, but your financial institutions might charge you for those transactions.

How Reputable is AvaTrade?

AvaTrade is a very reputable online brokerage platform. They are regulated by five financial agencies around the world. The company is affiliated with the soccer club Manchester City. Over the past decade, they have handled transactions worth billions of dollars for hundreds of thousands of clients. With a reliable security protocol in place, traders can be confident that their funds and personal data are safe with AvaTrade.

How do I Register and Open a Trading Account with AvaTrade?

To open an account with AvaTrade, follow these steps:

  • Visit their official website and click on the ‘REGISTER NOW’ button
  • Provide the required details including name, email address, and phone number
  • The second stage of the registration will ask you to fill in your personal information
  • Submit the application and your account will be activated within a few seconds
  • Deposit funds into your AvaTrade trading account and start trading your favorite assets.

Where is AvaTrade Based?

AvaTrade is a global brokerage platform that has representatives in several countries around the world. They are present in Asia, Africa, North America, and Australia. You can get in touch with the customer support team via a phone call, email, or live chat feature available on their site.

AvaTrade is considered by many traders to be a top broker in the industry, yet when it comes to trading online, it is vital that the broker you select meets your trading needs, goals and preferences. Once you have read this review, take the time to learn more about other reputable and excellent brokers in the financial industry.

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