AvaTrade ReviewCategory: Reviews | Author: Trading Brokers | Date: January 24, 2024
AvaTrade is an award-winning trading broker with regulations in multiple jurisdictions offering a generous selection of over 1250+ trading instruments across various markets for you to trade. They provide you with user-friendly trading platforms and some of the best trading conditions possible, including low fees, tight spreads, fast execution speeds, multiple account types, various funding options, excellent customer support and much more. I would regard AvaTrade as one of the best trading brokers for many reasons that I will outline within this AvaTrade review. In my years of having an account with them, I have never had any problems. I think they can be a great choice for anyone looking to trade online in a very well regulated environment with industry leading conditions and no hassle.
Pros & Cons
- Powerful yet user-friendly trading platforms
- Trade on your desktop, web and mobile devices
- Large selection of trading instruments
- Tight spreads from 0.9 pips
- Fast trade execution speeds
- Commission free trading
- Excellent Trading Central for signals
- Social trading platforms for copy trading
- All strategies including hedging and scalping allowed
- Lots of high-quality educational content
- Free demo accounts
- Excellent choice of account funding options
- No deposit or withdrawal fees
- Excellent customer support
- Possible inactivity fees
- Minimum deposit of $100 required
- No 24/7 client support
AvaTrade was incorporated in 2006 and has since gone on to become one of the world’s largest trading brokers. I remember them being around since I began trading many years ago. Whilst many brokers have come and gone during this time, they have continued to grow and keep up to date with the latest product and services demanded by traders.
They can cater 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 1250+ instruments available for you to trade online through user-friendly platforms for desktop and trading apps. This includes the world’s most popular CFD platform, MetaTrader 4.
The broker provides you with a wide range of free educational materials, trading tools and copy trading platforms via DupliTrade and ZuluTrade. If you don’t have the time or knowledge to trade yourself, then you could take advantage of these social platforms where you can copy signals from other traders.
AvaTrade is primarily focused on the trader’s experience, combined with the strong financial backing and award-winning customer service available in 14 languages 24/5. I have always found their support team to be quick to respond and answer all my question in a helpful manner. The broker is headquartered in Dublin, Ireland, with regional offices throughout the world including Australia, South Africa, China, Japan, France, Spain and Italy.
They are regulated in an impressive 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.
If safety and security are the most important things to you, then you won’t find many other brokers as well regulated as they are. XTB and Markets.com are other well-regulated brokers on par with AvaTrade who are worth considering.
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 you peace of mind that you are using a trusted and reputable trading broker.
- AVA Trade EU Ltd is regulated by the Central Bank of Ireland (CBI).
- The Cyprus Securities and Exchange Commission (CySEC) regulates DT Direct Investment Hub Ltd. Which is among the group of companies. Investment Hub 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 EU Ltd runs a Polish Branch under the AvaTrade EU licence, which has been granted by the Polish Financial Supervision Authority (KNF).
- 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).
- The Israel Securities Authority (ISA) regulates ATrade Ltd in Israel.
- Canadian accounts are opened with and are held by Friedberg Direct which clears trades through a subsidiary within the AvaTrade group of companies. Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian Exchanges.
With that many government regulation licences, AvaTrade can be a perfect fit if you are looking for one of the safest options in the industry. If you are looking for a broker that is listed on a stock exchange with all the existing benefits, IG can be a good option.
The broker accepts clients from all over the world, excluding the USA, Belgium, and Iran. The clients from mentioned countries can find an alternative from our powerful broker comparison tool.
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.
It doesn’t matter if you have any prior experience, I found the platforms to be easy to use right from the get go. You can also open a demo account for free to try them out risk-free before making a financial commitment.
These platforms are available to all levels of traders and can be selected depending on your trading requirements. With AvaTrade, you can trade multiple trading instruments on the different platforms through one account.
This is useful because you might want to switch between the desktop and mobile app. I know that I have placed trades on my laptop before and enjoyed the convenience of tracking progress via the app.
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.
I found it very easy to load charts in each of the platforms and add my indicators to analyse the markets. Trades can be placed in just a few clicks of your mouse or tap on your mobile device.
The platforms are fully customisable, so you can make them as complex or simplified as you like, depending on your trading style. You can save strategy templates to use later and set price alerts so you don’t need to constantly watch charts all day long.
If there is a price point that I want to enter the market at, I just set an alert notification on my mobile. This way I can go about my business and take action if and when I receive an alert.
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. You can 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, I find that trading is made as simple as possible. The app provides you with step-by-step guidance on opening trades, feedback on your activity and support any time you need it. You 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. This saves me having to switch between accounts and platforms which can be annoying.
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. I like to include this as part of my analysis before making any trades. 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. You can trade an impressive selection of more than 1250 instruments including the world’s top forex pairs, commodities, stocks, cryptocurrencies, and more, all from in the palm of your hand.
In my experience, the AvaTradeGo App is quite like any other mobile trading app, with steady trade controls and features like price charts and standard technical indicators, a market watch, a p&l box, trading history, and trending markets. In addition to these cool features, the app has a smooth and stable interface. It is a pleasure to trade from, although perhaps lacking in advanced tools compared to some of the leading desktop platforms such as MetaTrader 5 (also provided by AvaTrade) and cTrader – which you can use with Purple Trading.
The AvaTrade WebTrader platform has an easy-to-use interface and modern design, making this trading platform simple to use and suitable for both beginners and advanced traders. There is no need to download or install anything as it runs directly in most modern web browsers. This is especially helpful if you are frequently switching between devices.
Via the powerful WebTrader platform, users can stay on top of the market without allocating too much time on technical or fundamental analysis. It is quick and easy to buy and sell assets, whilst you can get accurate data on what AvaTrade’s traders are buying or selling in real time. This can help you to make educated decisions based on live market sentiment.
If you are looking for conducting more complex market analysis using advanced technical indicators, then you may want to take a look at one of the other platforms as the WebTrader is slightly limited in terms of analytical tools.
You can use the AvaSocial app to learn from some of the world’s best experts, before making your move in the markets. It enables you to connect with your peers and automate the trading process. This makes it a popular choice for both beginners and advanced traders. Those who are new to trading can gain exposure to the markets whilst learning at the same time. It helps to shorten the learning curve by following expert traders who can provide valuable insight. On the other hand, experienced traders can save time by getting a clear view of the market, without having to perform daily research.
With the AvaSocial mobile app, you can follow, and copy the trades of other traders, utilise the wisdom of the professional, ask questions to your mentors or groups, and discover new and powerful strategies. If you don’t have the time to trade on your own, social trading can be a good solution. In my experience, it does take some trial and error to find a good trader to copy signals from and that’s why I would always try them out on a demo account to begin with. Pepperstone also provides social trading through DupliTrade and is head-to-head with the trading services industry leaders.
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.
If you plan on using automated trading robots, then MetaTrader 4 has the largest selection of any platform. You can find free and paid add-ons, including robots, built within the platform’s marketplace. Robots can only work in the desktop version of the platform which will need to be up and running at all times for them to trade.
Many traders use a VPS to run their trading platforms 24/7. Blueberry Markets offer a Free VPS to clients who meet a certain trading volume if automated trading is something of interest to you.
Another great thing about MT4 is that it is widely available across most brokerages. Therefore, if you do master the platform and decide to switch to another broker at a later date, your skills won’t go waste. On the other hand, if you perfect a broker’s proprietary platform and then leave, you will need to start from scratch with another platform.
MetaTrader 4 (MT4) Key Features:
- 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. If you just want to trade forex and are not too fussed about complex market analysis, then MT4 should be more than adequate. However, those of you who want to trade stocks and have as many professional tools at your disposal as possible, you may prefer the more advanced MT5 platform.
MetaTrader 5 (MT5) Key Features:
- 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 offers 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. Just be aware that if you do copy signals from other traders, there can be no guarantees on how well they will perform. I like to look at historical performance to get a rough idea of what to expect, but past results do not mean things will be the same moving forward.
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 top social platforms used today. It 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. Vantage also integrate with ZuluTrade if you are looking for alternative options.
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 are one of a few brokers I have reviewed that offer CFD and options trading together, as do Plus500 and Saxo Bank.
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 calculators and the latest market updates. These tools can help with analysing potential trading opportunities and improve your overall trading experience. Most traders could probably make do with the tools already included with the platforms but it is nice to have more available. I always like to experiment with new tools to see if they can help improve my trading strategies. Every so often, you find one that is worth keeping and using on a frequent basis.
AvaTrade offer the award-winning automated technical analysis tool Trading Central that runs in the MetaTrader desktop and mobile platforms. Trading Central 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 Trading Central 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.
Trading Central’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, Trading Central can be of great benefit to assist with fast and efficient market analysis.
Trading Central Features
- 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: Trading Central 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 risk management tools that come packed with Trading Central. 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. This can save you time from doing repetitive mathematical calculations and help if you are not that good at maths.
AvaTrade has a large amount of free educational materials to help improve traders’ knowledge. This includes videos, articles, e-books, and daily market analysis 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.
I think the educational content is great and would certainly help if you are new to trading. If you already have plenty of experience then you will probably know most of the topics covered. None the less, a broker with lots of educational resources is a broker who cares about clients making informed trading decisions.
However, Avatrade does not conduct seminars or live webinars. Seminars and webinars are a great way for beginners to interact with professional traders and polish their skills by asking questions. If you are looking for a reliable alternative, then I would suggest IC Markets, as it’s the best fit for beginners and traders who like to participate in webinars, seminars and listen to professionals.
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 have a great range of over 1250+ instruments available to traders including everything from Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs and ETFs. They have one of the largest selections of tradeable instruments that I have come across from any broker.
However, if you want more stocks and ETFs to trade, with over 9,000 stocks and ETFs available, CMC Markets can be a good alternative. This can be beneficial for traders who are from Canada, as both brokers are regulated by IIROC. Meanwhile, Forex.com is another good alternative with over 4,500 trading instruments.
There is a vast array of minor, major and exotic forex pairs, along with a generous selection of cryptocurrencies. AvaTrade CFDs include a selection of commodities and bonds while shares and ETF offerings are dominated by highly liquid big tech stocks. UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalogue.
AvaTrade keep things simple with the trading accounts they offer. There is the standard retail account and professional account. The minimum deposit to open an account is just $100. AvaTrade do not charge a commission to trade with them, instead they charge a fixed spread starting from 0.9 pips. There is an overnight and inactivity fee. I like how they make everything available through one account.
Another thing worth noting here is that AvaTrade does not have zero spreads accounts, as the total trading cost is already included in spreads. Many day traders like to trade with zero spreads but bear a commission fee for opening and closing a position.
Comparing AvaTrade’s average spreads with other brokers, you will find there is no additional trading cost on top of spreads. Traders can trade at fixed tight spreads starting from 0.9 pips on major forex currency pairs. When you consider there is no commission fee, this can actually work out cheaper in the long run, depending on your trading strategy.
If you want to open an account with some other specifications, XM might be a good alternative, as they have plenty of account types.
If you make a first deposit of $1,000+ (or the equivalent on another currency), you will be assigned a dedicated account manager to guide you in your first trades, teach you how to use the trading platforms and inform you on all market matters. This might not be an issue if you prefer to learn by yourself, but can be a great option if you need a little professional guidance along the way.
Islamic accounts that comply with Sharia law are available upon request.
Professional accounts are acquired through an application if traders qualify the requirements of professional accounts. 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 provide demo accounts if you would like to test the different trading platforms and conditions before opening a real account with them. This can be a good way to familiarise yourself with the broker before trading on a real account.
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. You can find a list of telephone numbers for each country on the brokers website along with a very thorough help centre that covers all of the topics that you would expect.
AvaTrade does not provide customer support on Saturday and Sunday. which might be considered a downside in my opinion. The reason is, AvaTrade offers cryptocurrency trading which is 24/7. So if a cryptocurrency trader encounters a problem during weekends, he will only be able to contact support on coming Monday.
If you are a cryptocurrency trader and want to find a broker that offers crypto trading with 24/7 customer support, FP Markets is an alternative, as they provide 24/7 support and cryptocurrency trading at the same time.
AvaTrade offer a range of convenient and user-friendly deposit and withdrawal options, including bank transfer, credit/debit cards and online payment processors. Providing e-Wallet funding options allows for faster transfers to and from trading accounts.
In my experience, they have always been reliable when it comes to making withdrawals. I have submitted a request and received funds without any hiccups.
AvaTrade does not incur any charges for deposits or withdrawals. However, the payment service provider may have some transaction charges.
AvaTrade have worked hard to create streamlined and advanced processes to ensure that all withdrawals and deposits from traders are handled as quickly as possible, within a safe and secure environment.
As a regulated broker, AvaTrade closely adheres to the strict regulations as laid out by the regulatory bodies, thereby guaranteeing all traders reliability, convenience and security when it comes to making a deposit or a withdrawal.
If you use a credit card to make a deposit, the payment should be credited instantly into your AvaTrade account. If there is any delay, you can always contact customer support and one of the representatives will attend to the matter immediately.
They may request verification documentation as they are dedicated to providing a reliable service and safe trading environment that is within all regulations. This helps give traders the peace of mind that their personal information and funds are secure at all times.
AvaTrade does accept 3rd party deposits, but will require additional verification documentation from both parties. In the case of a deposit made via a third party, that is not a credit card payment method, you must withdraw 100% of the deposit transaction on this initial payment method.
Accounts can be opened in a decent variety of currencies including USD, GBP, EUR and JPY. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
On the downside, Avatrade, despite providing cryptocurrency trading, does not accept or provide funds in cryptocurrencies. This could be a disadvantage for traders, who quite frequently use cryptocurrencies as a means of payment. Besides, plenty of traders have crypto wallets these days. If you have the same issue, don’t worry! Axi can be a great alternative to tackle this problem.
I have always been very impressed by AvaTrade, especially as they have very strict regulation in multiple jurisdictions to protect clients. I like that I can trade in peace, knowing that I am in good hands.
The trading platforms on offer are easy to use and suitable for different types of traders, providing you with an enjoyable trading experience with low spreads, low commissions fees and rapid trade execution speeds. They offer you an excellent range of trading instruments across different asset classes.
The broker also provides plenty of trading tools and educational materials free of charge whilst the customer support team are available to answer any questions in a prompt and friendly manner. Their award-winning customer service representatives are ready to assist with any trading issue you may have.
In my opinion, AvaTrade are one of the best brokers for trading online. I use them myself and have always been happy with everything from funding my account, customer support to an enjoyable trading experience with any hassle. The service, combined with a deep understanding of the financial markets, allow traders to enter the markets with confidence.