AvaTrade Review 2020
AvaTrade is an award-winning trading broker with regulation in 6 jurisdictions offering 250+ trading instruments across multiple markets and trading platforms. They offer some of the best trading conditions possible to online traders around the globe with very low fees.
AvaTrade Review 2020, Pros & Cons
- Strict regulation
- Negative balance protection
- Multiple awards
- Fast trade execution speeds
- Fixed spreads
- No commission
- Powerful & flexible trading platforms
- Social trading platforms
- Hedging & scalping allowed
- No US clients
- No variable spreads
In this detailed AvaTrade review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
AvaTrade is ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers and best online brokers categories. They are also ranked in our best trading platforms, best social trading platforms and best trading apps categories. You can use our free broker comparison tool to compare online brokers including AvaTrade.
AvaTrade Review: Summary
AvaTrade was incorporated in 2006 and has since gone on to become one of the worlds largest trading brokers serving over 200,000 registered clients. They have a monthly trading volume of around £60 billion with clients completing around 2 million trades per month.
AvaTrade is headquartered in Dublin, Ireland, with regional offices throughout the world including Australia, South Africa, China, Japan, France, Spain and Italy.
AvaTrade is focused primarily on the trader’s experience, combined with strong financial backing and award-winning customer service available in 14 languages 24/5.
AvaTrade caters to all levels of traders providing an extensive range of trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs & ETFs. There are over 250+ instruments available to traders through multiple trading platforms for desktop, tablet and mobile. This includes the world’s most popular platform, MetaTrader 4.
AvaTrade have won multiple awards including best forex broker on numerous occasions and best trading experience. They maintain strict core values to operate with integrity and innovation, always putting the customer first and helping them to achieve their full potential through an enjoyable trading experience.
AvaTrade is regulated in 6 jurisdictions including Europe, Australia and South Africa, with regulatory licenses spanning 5 continents. Client funds are held in segregated accounts away from AvaTrade business funds for added security.
AvaTrade provides all levels of traders with a wide range of free educational material, trading tools and copy trading platforms via DupliTrade and ZuluTrade.
AvaTrade Review: Regulation
AvaTrade is a regulated trading broker in the EU, Japan, Australia, South Africa and the British Virgin Islands. This means that they must comply with strict regulatory compliance rules. This applies to how they handle client funds (segregated accounts), security and reporting of financials. Trading with a broker who is regulated in numerous countries helps to give clients peace of mind that they are using a trusted and reputable trading broker.
AVA Trade EU Ltd is regulated by the Central Bank of Ireland (CBI). AVA Trade EU Ltd is a licensed investment firm compliant with the Markets in Financial Instruments Directive (MiFID). MiFID regulates investment services within the EU. It helps to provide increased customer investment protection with efficiency and transparency.
AVA Trade Ltd is regulated by the British Virgin Islands Financial Services Commission (BVI). The BVI provides licenses to companies who are operating in financial services within this territory.
Ava Capital Markets Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC). This is an Australian regulator that applies to Australian clients. It helps to ensure that financial services are operating in a fair and transparent manner.
Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA).
Ava Trade Japan K.K. is regulated in Japan by the Financial Services Agency (FSA) and the Financial Futures Association of Japan (FFAJ).
AvaTrade Review: Countries
AvaTrade accepts clients from all over the world, excluding USA and some third-world countries. Some AvaTrade broker features and products mentioned within this AvaTrade review may not be available to traders from specific countries due to legal restrictions.
AvaTrade is ranked in our best forex brokers Australia and best forex brokers South Africa categories. They are also ranked in our best stock brokers Australia and best stock brokers South Africa categories.
AvaTrade Review: Trading Platforms
AvaTrade is committed to empowering people to trade and invest online, thus they cater to every type of trader with a range of standalone and online trading platforms for traders to access markets.
These platforms are available to all levels of traders and can be selected depending on your trading requirements. You can trade multiple trading instruments on the different platforms through one account.
One trader may prefer the ease of use of MetaTrader 4 whilst another may need the convenience of the AvaTradeGO app to trade from anywhere in the world at any time. AvaTrade also offer a selection of copy trading software to copy trades of other traders, DupliTrade and ZuluTrade.
Each platform provides traders with an enjoyable trading experience, presenting a variety of financial instruments across multiple markets, range of analytical tools, indicators and charts.
You can trade on the move using the intuitive AvaTradeGO app that has a user-friendly dashboard and advanced features for fast and easy online trading from anywhere in the world. You can connect to global markets with live feeds and social trends to discover new trading opportunities on this intuitive mobile trading app.
Enjoy a smooth trading experience with a sophisticated dashboard, along with a set of intuitive position management tools, clear charts, zoom for details, and many more helpful features unique to the AvaTradeGO app.
With AvaTradeGO, trading can be made as simple as possible, as the app provides you with step-by-step guidance on opening trades, feedback on your activity and support any time you need it.
Users are able to manage multiple accounts from the app and switch between demo or real accounts, to get all the data you need on your trades while using your AvaTrade account credentials.
Market Trends is a technology that is exclusive to AvaTradeGO. Watch markets develop in real time with this unique feature, offering a quick way to monitor social trends from the AvaTrade vibrant traders’ community. Its technological capabilities help you gain access to key financial information for clear analysis on what matters each and every day.
To help you make better and accurate decisions all your trading instruments are connected to show you insights, what other traders buy & sell (market sentiment), trading behaviours, and visuals with up-to-date info.
Amongst the unique trading features within the AvaTradeGO platform, you can see your trades at a glance, create your own watch lists, and view live prices and charts. Trade more than 250 instruments including the world’s top forex pairs, commodities, stocks, cryptocurrencies and more, all from in the palm of your hand.
MetaTrader 4 (MT4)
MT4 is one of the most popular trading platforms used by millions of traders across the globe today. MT4 offers a powerful and flexible trading environment. It is simple enough to use for new traders whilst having enough advanced functionality to suit the more professional trader. MetaTrader 4 is free to download for desktop or mobile whilst it can also run directly in your web browser without needing to download or install any additional software.
- Flexible & fast online trading platform
- Fully customisable charts, layouts & templates
- Built in indicators for technical and fundamental market analysis
- Copy trading signals from top providers
- Expert advisors (EAs) for automated trading
- MQL4 programming interface to create customised indicators or EAs
- Price alert notifications via email, SMS & platform pop-ups
- Global accessibility from PC, web & mobile (iPhone / iPad / Android / Tablet)
MetaTrader 5 (MT5)
MetaTrader 5 is the next generation of the MetaTrader platform, offering state-of-the-art trading capabilities, more technical analysis tools, order types, timeframes, graphical objects, advanced auto trading systems and copy trading signals. Despite the additional tools and functionalities of MT5, most traders still prefer to use MT4, partly due to the fact that there are already an abundance of tutorials and tools freely available for it online.
- Maintains most of the same features as MT4 with some new additions
- New and Improved Interface for MetaTrader 5
- 38 technical Indicators for analysing the charts to detect trends & ranges
- An unlimited number of charts can be opened at once
- Multi-currency EA compatibility and powerful EA testing environment
- Global accessibility from PC, web & mobile (iPhone / iPad / Android / Tablet)
Social Trading Platforms
AvaTrade offer a selection of auto-trading software via some of the best social trading platforms that enable you to copy the trades of experienced forex traders. Automated trading platforms can mirror or copy the trades of others directly into your own trading platform / account. A trader can copy signals or mirror complete strategies, thus enjoying the experience and knowledge of other traders. The different auto trading platforms provided by AvaTrade can help those with limited time or trading knowledge to engage in trading.
DupliTrade is an MT4 compatible platform which allows traders to automatically copy trading strategies in real time according to their risk preference and trading style. It has a user-friendly interface that makes it easy to build and manage a trading portfolio whilst gaining valuable insights into other trading strategies.
ZuluTrade is one of the best social trading platforms used today. ZuluTrade displays the trading strategies of other traders which you can follow for their trading signals to be copied automatically into your AvaTrade account. You can browse and filter the available trading strategies and choose those that are best suited to your individual risk preferences and trading needs. You can read our indepth ZuluTrade review for more information.
The AvaOptions platform aims to make trading options easier via mobile or desktop. You can express your market view with calls and puts, and use the embedded tools to help try and maximise your return. There are more than 40 forex options and more for any combination of call and put options in one account to create your optimal portfolio. Execute straddles, strangles, risk reversals, spreads, and other strategies. AvaOptions gives you total control over your portfolio, letting you balance risk and reward to match your market view. AvaOptions includes professional risk management tools, portfolio simulations, and much more. Trade calls and puts which can be triggered by a pre-determined premium level, giving you added control over trade entry and exit. Trade strategies as a package for improved pricing efficiency. AvaTrade also offer full money management features to let you trade multiple accounts with one ticket.
AvaTrade Review: Trading Tools
AvaTrade have a wide range of trading tools and services available to traders including an economic calendar to stay up to date with the latest market news, technical and fundamental analysis software, trading calculator and the latest market updates. These tools can help with analysing potential trading opportunities and benefit all levels of traders.
AvaTrade offer the award-winning automated technical analysis tool AutoChartist that runs in the MetaTrader desktop and mobile platforms. AutoChartist will scan and analyse the markets to identify trading opportunities across hundreds of financial instruments based on sophisticated recognition engines.
As a world leader in automated technical analysis, the Autochartist proprietary technology allows it to continuously scan the intraday markets. Its advanced recognition engine not only identifies the strongest potential trading opportunities around the clock but also helps to predict future price movements.
Autochartist’s proprietary technology is grounded on technical reviews which are based on psychological market behaviour. Its algorithms are programmed to accurately track the formation of tradable chart patterns and Fibonacci levels, as well as develop opportunities based on the Elliot Wave Theory. Whether you are a new or experienced trader, Autochartist can be of great benefit to assist with fast and efficient market analysis.
- Chart pattern recognition: Identifies chart patterns of all types – both emerging and completed – with a pattern quality indicator to help with your decisions.
- Fibonacci pattern recognition: Automatically identifies a range of simple and complex Fibonacci patterns, ranging from retracements to butterflies.
- Key level analysis: Autochartist helps you to set stops and limits by identifying support and resistance levels. The software classifies levels as either breakout or approach.
- Pattern Quality Indicator: A set of four visual indicators that allow the user to tell, at a glance, the probability of a pattern completing.
- Quality Risk Management Tools: Optimise your stop loss and take profit placements by utilising a set of 3 risk management tools that come packed with Autochartist. These are the Risk Calculator, Volatility Indicator and Statistical Analysis tool.
The AvaTrade global Economic Calendar comprises routine financial events which affect the financial markets. Skilled traders use these events as part of their fundamental analysis trading strategies and plan their trades in accordance. Each of these events can create changes in different instruments’ value, usually on a smaller scale.
AvaTrade’s Market Analysis
AvaTrade offer up to date fundamental and technical market analysis that helps to keep you informed with the latest markets movements and assist in making educated decision whilst trading. The broker offers different market analysis on the highest level in its educational site, Sharp Trader. There, one can find daily news, analysis and many other updates relevant to all instruments and platforms.
Trading Position Calculator
As a trader, knowing how to manage your risk is crucial. When trading in volatile markets, it is important to consider the potential profits, losses and costs to trading. The AvaTrade Calculator will help you to calculate these risks of your next trade before you execute it.
AvaTrade Review: Education
AvaTrade has a large amount of free educational material to help improve trader’s knowledge. This includes videos, articles, e-books, daily markets and webinars in multiple languages. The educational material is beneficial to both beginner and advanced traders. The educational content covers a wide range of trading topics such as money management, trading platforms, trading strategies, technical and fundamental analysis, different markets and much more. AvaTrade is dedicated to empowering its traders to invest and trade with confidence. Knowledge and education are prominent aspects of this commitment.
AvaTrade clients gain exclusive access to the Sharp Trader premium educational website to improve your knowledge and skills. Sharp Trader offers a wide range of educational videos, articles, daily news and trading tools. Topics covered range from the most basic to the more advanced trading strategies, taking you from trading fundamentals to the advanced strategies of leading professional traders.
AvaTrade Review: Trading Instruments
AvaTrade have over 250+ instruments available to traders including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs.
AvaTrade Review: Trading Accounts & Fees
AvaTrade keep things simple with the trading accounts they offer. There is the standard retail account and professional account. Both offer negative balance protection with client funds being held in segregated bank accounts that are not accessible by AvaTrade. The minimum deposit to open an account is just $100.
To qualify for the professional account if based within the EU, you need to have made sufficient trading activity in the past 12 months, have relevant experience in the financial sector or a financial portfolio of over €500,000. This is due to strict EU regulations.
AvaTrade do not charge a commission to trade with them, instead they charge a fixed spread. There is an overnight and inactivity fee. AvaTrade also provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them.
- Standard Account: $0 commission, fixed spreads from 0.9 pips
- Professional Account: $0 commission, fixed spreads from 0.9 pips
As broker fees can vary and change, there may be additional fees that are not listed in this AvaTrade review. It is imperative to ensure that you check and understand all of the latest information before you open an AvaTrade broker account for online trading.
AvaTrade Review: Customer Service
AvaTrade’s award winning customer service is available 24/5 in 14 languages via phone, chat and email. There is always someone available to answer your questions as and when required.
AvaTrade Review: Deposit & Withdrawal
AvaTrade offer a range of convenient and user-friendly deposit and withdrawal options. Providing options such as PayPal allows for faster transfers to and from trading accounts.
Fees may be charged when using certain payment methods. Bank transfers can take a few business days to clear. Accounts can be opened in USD, GBP, EUR & JPY. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
AvaTrade Review: Account Opening
Opening an account at AvaTrade is quick and easy. You simply fill in the form on the website, confirm your email and submit identification for verification. The process takes around 10-15 minutes and once complete, you can fund your account and begin trading. Customer service is available should you need help during the process.
If you make a first deposit of $1,000+ (or the equivalent on another currency) you will are assigned a dedicated account manager who is available to assist you with your trading if required.
AvaTrade Review: Conclusion
The award winning AvaTrade has very strict regulation and offers a good range of trading instruments. They also provide plenty of trading tools and educational materials free of charge to clients. The trading platforms on offer are suitable for different types of traders whilst the customer support team are available to answer any questions. AvaTrade is our top pick for UK traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.