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.
Pros / Cons
- Strict regulation
- Negative balance protection
- Multiple awards
- Fixed spreads
- No commission
- Hedging & scalping allowed
- No US clients
- No variable spreads
- Restricted leverage for EU clients
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 accepts clients from all over the world, excluding USA and some third-world countries.
AvaTrade Trading Platforms
AvaTrade offer 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. Platforms are available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
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.
AvaTrade 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 calulator 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 AutoChartist software that runs in the MetaTrader 4 trading platform. AutoChartist will scan and analyse the markets for potential trades based on sophisticated recognition engines.
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.
AvaTrade clients gain exclusive access to the Sharp Trader educational website. This 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.
AvaTrade Trading Instruments
AvaTrade have over 250+ instruments available to traders including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs.
AvaTrade 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
AvaTrade 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 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 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.
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.