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Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.
AvaTrade holds regulatory licenses in several major financial hubs globally. Headquartered in Ireland, it is regulated by the Central Bank of Ireland and is a member of the Investor Compensation Company DAC (ICCL), which provides up to EUR 20,000 in compensation to eligible clients in case of broker insolvency.
AvaTrade adheres to essential safety measures, such as segregated funds and negative balance protection, ensuring clients' funds are kept separate from the company's operating funds and protecting clients from losing more than their account balance. Additionally, the broker has introduced the innovative AvaProtect tool, allowing traders to purchase protection against potential losses for a set period. Its robust client categorization system tailors services and protections according to traders' experience levels, helping novice traders minimize risks.
The variety of markets available at AvaTrade depends on the chosen trading platform and the specific global entity managing the account. AvaTrade offers 1,260 symbols in MT5 and nearly the same in WebTrader, although some symbols are currently inactive. Cryptocurrency trading is available through CFDs but not through direct asset trading (e.g., buying Bitcoin).
AvaTrade provides an average number of currency pairs and cryptocurrencies compared to the industry standard, but stands out with a higher number of commodities, share CFDs, and indices. This extensive range allows traders to diversify their portfolios and explore various market opportunities.
AvaTrade's spreads are nearly industry average at just under one pip (0.9 pips) but are slightly higher than those offered by some competitors' entry-level accounts. Its trading fees are competitive, catering to high-frequency trading in various asset classes (most FX pairs, share CFDs, some commodities, etc.) and longer-term trading due to low swap charges.
AvaTrade offers low spreads on share CFDs, low-to-average spreads on currency pairs and commodities, average spreads on indices, and high spreads on cryptocurrencies. However, it has a relatively high inactivity fee: $50 after three months of inactivity, charged monthly until activity resumes or the balance drops to zero, and $100 after twelve months. These fees can be a significant drawback for traders who do not frequently engage in trading activities.
AvaTrade stands out with its diverse range of trading platforms. For retail traders, it provides a proprietary platform along with MetaTrader 4 and MetaTrader 5, which are widely recognized for their advanced charting tools and automated trading capabilities. Copy traders can use AvaSocial and DupliTrade, which allow them to mirror the trades of experienced traders. Options traders have access to AvaOptions, which offers a range of trading tools for options trading. The AvaTradeGO app and mobile versions of MetaTrader facilitate trading on the go, allowing traders to manage their accounts and execute trades from their smartphones.
AvaTrade offers three proprietary platforms (AvaTrade WebTrader, AvaOptions, and AvaFutures), the complete MetaTrader suite, ZuluTrade, and DupliTrade (via WebTrader). The proprietary mobile apps are user-friendly and suitable for most traders, though they may not be as advanced as some competitors' offerings.
AvaTrade offers a universal account type for retail trading, featuring commission-free trading with floating spreads starting at 0.9 pips. This account is affordable and suitable for both high-frequency and longer-term trading strategies, including scalping, hedging, and algorithmic trading.
Islamic accounts are available for swap-free trading, adhering to Sharia law. Qualified clients may opt for a Professional account with higher leverage and fewer restrictions, ideal for experienced traders who meet specific criteria such as trading volume and professional qualifications.
The minimum deposit requirement at AvaTrade is $100. Payment methods include bank wire, credit/debit card, and e-wallets such as PayPal and Skrill. Processing times are generally within the industry norm, with deposits typically processed instantly and withdrawals taking one to two business days. AvaTrade does not charge handling fees for deposits or withdrawals, though third-party fees may apply.
Withdrawals typically take one to two business days, comparable to most forex brokers, but times can vary based on the method used. Up-to-date account verification, including proof of ID and address, may be required for withdrawal requests after significant time periods. This ensures compliance with regulatory requirements and enhances security.
AvaTrade is ideal for longer-term day and position traders due to its low swaps and enhanced risk management features. It is also suitable for beginners interested in learning technical analysis or engaging in copy trading.
The platform's intuitive design and educational resources make it accessible to new traders, while its advanced tools and features cater to the needs of more experienced traders. AvaTrade's user-friendly interface and comprehensive range of trading instruments make it an attractive option for traders of all levels.
AvaTrade offers reliable customer support via phone, email, and live chat, available in multiple languages across 36 countries. The support team is responsive and informative, and the website includes a comprehensive FAQ section to address common queries. AvaTrade's commitment to customer service is evident in its timely and efficient handling of inquiries and issues, ensuring that traders receive the assistance they need promptly.
AvaTrade provides extensive educational content through its in-house staff, AvaAcademy, and third-party providers like Trading Central. The Learning Center on AvaTrade’s website includes 103 detailed articles covering various topics.
AvaAcademy offers courses organized by experience level, with video and written content, progress tracking, and quizzes. AvaTrade also offers 48 educational videos on various topics, including niche subjects like Donchian Channels, and archives video webinars on YouTube and Vimeo. In-house research content is available daily in video and article formats, complemented by Trading Central research modules. However, AvaTrade's research offerings are not as comprehensive as those of the top forex brokers. The educational resources are designed to enhance traders' knowledge and skills, providing valuable insights into market trends and trading strategies.
AvaTrade is a technologically advanced broker providing access to a broad range of tradable markets through CFD accounts. It is licensed and regulated across multiple jurisdictions, catering to both novice and experienced traders with its functional platforms and apps.
AvaTrade's commitment to innovation and customer service, combined with its extensive educational resources and competitive trading conditions, makes it a solid choice for traders looking to explore various market opportunities.
Channel | AvaTrade Social proof |
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Account with 31.3k followers | |
Account with 125k followers | |
Account with 19.2k followers | |
Youtube | Account with 28.6k subscribers and 2.6k uploaded videos |
Telegram | Account with 8.9k followers |
Discord | Does not have a Discord channel |
TrustPilot | AvaTrade TrustPilot Customer Reviews, Feedback and Complaints |
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Trustpilot | On Trustpilot, AvaTrade has currently 8.7k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.50/5.00. Reviewers embracing AvaTrade most frequently mention Fast and great support/service. AvaTrade also has a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything. AvaTrade firm's reply behavior to negative reviews is up to the standard having replied to 82% negative reviews with a response time to their negative reviews in less than 7 days. |
TrustPilot Reviews' Key takeaway
Broker's Features | AVATRADE Availability |
---|---|
Commissions | ❌ |
Hedging | ✔ |
PAMM | ❌ |
Scalping | ✔ |
Accepts US traders | ❌ |
24 hour trading | ❌ |
Swaps | ❌ |
Demo account | ✔ |
Daily analysis | ❌ |
Automated trading | ❌ |
Mobile trading | ❌ |
Trading by phone | ❌ |
1st deposit bonus | ❌ |
Forex contests competitions | ❌ |
Bonuses Promotions | ✔ |
Interest charges on the balance | ❌ |
Free education | ❌ |
Expert advisors | ❌ |
Partnership programs | ❌ |
Trust management | ❌ |
24 hour support | ❌ |