AvaTrade Broker Review

Author By Jeffrey Cammack
Updated: May 3, 2021
Overall Rating
4.48 4.48 / 5
Rated #18 of 50 Recommended Brokers
Min. Deposit
USD 100
Regulators
Trading Desk
Trading Cost
USD 9
Website Language
Arabic, Thai, Malay, Vietnamese, English, Hindi, Portuguese, Hungarian, Indonesian, Japanese
Support Language
English, Japanese, Malay, Portuguese, Polish, Arabic, Chinese
AlertAccepts Malaysian Clients. Spreads start at 0.90 pips on theEUR/USD on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.

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Summary

AvaTrade is a beginner-friendly CFD broker offering trading on Forex, cryptocurrencies, commodities, indices, stocks, bonds, vanilla options, and ETFs. AvaTrade has one of the best mobile trading applications globally and, unlike many European brokers, has a local Malaysian customer support team. 

AvaTrade’s single commission-free account has a minimum deposit of 100 USD and offers competitive spreads for a market maker broker. This account can also be converted to an Islamic account – though spreads will be wider than on a traditional account.  AvaTrade has over 200,000 active traders on the MT4, MT5, and AvaGo platforms and provides free access to trading tools like Autochartist, Duplitrade, and AvaProtect, its own innovative risk management system.  One drawback for Malaysian traders is that none of the website materials are translated into Malay.

Reviews

Regulation
111104/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
Competitive Bonus

Account Information

Base Currencies
USD, GBP, EUR, AUD, CHF
Number of FX Pairs
50+
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.90 pips
Commission
Fees Included in Spread
EUR/USD
0.9 pips
GBP/USD
1.6 pips
USD/JPY
1.1 pips
Max. Leverage
400:1

Company Details

Company Name
AVA Trade Ltd
Founded
2006
Office Locations
Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE

Pros

  • Good for beginners
  • Well regulated
  • Low minimum deposit

Cons

  • Dealing desk
  • Limited market analysis

AvaTrade Homepage

Is AvaTrade Safe?

With more than 200,000 registered clients globally, and more than 2 million trades executed monthly, AvaTrade is a leading broker in the Forex trading industry.

The Malaysia Securities Commission does not currently regulate AvaTrade, but its subsidiaries around the world hold licences from different regulatory authorities:

  • In Malaysia, Ava Trade Ltd is regulated by the British Virgin Islands FSC. While the BVI FSC is not one of the more respected regulators, it does allow AvaTrade to offer higher leverage and bonuses.
  • AVA Trade EU Ltd is compliant with MiFID and is regulated by the Central Bank of Ireland, Reference No.: C53877.
  • Ava Capital Markets Pty Ltd is licensed in Australia by ASIC, license: 406684.
  • AvaTrade’s subsidiaries are also regulated by the Japanese FSA (licence number 1574), the South African FSCA (licence number 45984) and the Abu Dhabi FRSA (licence number 190018).

AvaTrade regularly wins awards for its services and products; some of AvaTrade’s recent awards include:

  • No. 1 Broker 2020 (The European)
  • Best Forex Broker 2020 (The European)
  • Best Bitcoin CFD Trading Provider of the year 2020 (The European)
  • Best Forex Broker 2019 (Daytrading)
  • Most Innovative CFD Broker 2019 (International Business Magazine)
  • Best Trading Experience 2018 (Fxdailyinfo)
  • Best Forex Broker 2018 (FXEmpire)

AvaTrade’s reputation is further enhanced by its history of innovative risk-management tools for its traders; in January 2020 it launched AvaProtect, this new trading tool allows ‎clients to purchase protection against losing trades for a specified time period – if you close your trade during that time period any losses will be fully refunded.

While the AvaProtect feature is active, you will still be able to benefit from any gains on your position, of course. The cost of AvaProtect changes according to the market and the size of the trade; AvaProtect is also available on the AvaTradeGO App.

Lastly, AvaTrade holds client funds in segregated accounts for increased security, and in the rare event that the markets move the client account into a negative balance position, AvaTrade will refund the difference through a “Negative Balance Adjustment.”  On this basis, we highly recommend AvaTrade as a trustworthy and safe broker.

Trading Conditions

AvaTrade has a wide selection of trading instruments, including Forex, commodities, stocks, indices, cryptocurrencies, vanilla options, bonds, and ETFs. Spreads start at 0.90 pips on the EUR/USD, minimum transactions are at 0.01 lots, and traders are not charged any commissions.  With competitive pricing and leverage up to 400:1 on Forex pairs, AvaTrade should appeal to both new and experienced traders alike.

Account Types

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Islamic
USD 100
400:1
1.20
None
Account Details
Professional
USD 100
400:1
0.90
None
Account Details
Retail
USD 100
400:1
0.90
None
Account Details

Demo Account

AvaTrade’s free demo account is a handy tool to practice your trading, test an expert advisor, or acquaint yourself with how Forex trading works. With 100,000 USD virtual funds, the demo account accurately simulates AvaTrade’s real account and will only expire after 21 days.

Regular Account

AvaTrade’s regular trading account has a minimum deposit of 100 USD and offers competitive spreads, starting at 0.90 pips on the EUR/USD. Regular account holders enjoy progressive perks according to the amount they deposit. From 1,000 USD and upward, you get a bonus of 20% on your deposit and 1-on-1 trading sessions with a personal account manager. Clients who deposit 2,000 USD or more will also gain free access to DupliTrade, a powerful copy trading platform.

Islamic Account

AvaTrade offers Islamic accounts for traders of the Muslim faith. Islamic accounts are subject to an increased spread on all Forex pairs.  To set up an Islamic account, the trader needs to:

  1. Sign up for a real account.
  2. Complete the KYC process that includes submitting a copy of your passport or national ID and a recent proof of residential address.  
  3. Make a deposit to fund the account.
  4. Contact your account manager to request that the account to be converted to an Islamic account.  This process will take 1-2 business days.

Note that cryptocurrency trading is not available on Islamic accounts.  To trade cryptocurrencies, clients must give up their ‘Islamic account’ privileges and be subject to special fees or interest.  Furthermore, certain FX instruments (ZAR, TRY, RUB, MXN pairs) are also not available on Islamic accounts.  To trade these pairs, clients must give up their ‘Islamic account’ privileges and be subject to fees or interest.

Spreads and Commissions

At AvaTrade, you can expect spreads as low as 0.90 pips on the EUR/USD, 1.60 pips on the GBP/USD, and 1.10 pips on the USD/JPY; and there is no commission on trades. Rollover (interest) may be charged (or earned) on certain positions that are held overnight.

Deposits and Withdrawals

AvaTrade Withdrawals & Deposits

You can fund your AvaTrade trading account using:

  • Skrill: 100 – 5,000 USD
  • WebMoney: 100 – 5,000 USD
  • Neteller: 100 – 5,000 USD
  • Wire transfer: 100 USD minimum
  • Credit or debit cards: 100 – 20,000 USD

How Fast are Deposits Processed?

  • E-payments are processed within 24 hours.
  • Bank transfers can take up to 7 business days to be processed.
  • Initial deposits with credit or debit cards can take up to 1 business day to reflect in your trading account due to the security verification process.

How to Withdraw Funds From AvaTrade

Due to Anti-Money Laundering regulations, withdrawals can only be sent via payment methods with which you funded your account, except when profits have been made by trading and 200% of the initial deposit amount has already been withdrawn via the initial payment channel.

Withdrawals are typically processed and sent within 1 to 2 business days. Once the withdrawal is processed, additional time may be required for you to receive it. Here are the different times according to the different payment channels:

  • For credit and debit cards – up to 5 business days.
  • For e-money – up to 24 hours.
  • For wire transfers – up to 10 business days (depending on the bank’s location).

AvaTrade Deposit and Withdrawal Fees

AvaTrade does not charge clients for making deposits and withdrawals. The only costs are the bank card, e-wallet, or bank transfer fees.

However, AvaTrade charges inactivity fees after three consecutive months of non-use, and a fee of 50 USD/EUR/GBP will be deducted from the value of the Customer’s trading account.

Furthermore, after 12 consecutive months of non-use, an administration fee of 100 USD/EUR/GBP will be deducted from the Customer’s trading account.

AvaTrade for Beginners

As you would expect from one of the larger brokers, AvaTrade offers a comprehensive repository of educational material to get new traders started, as well helpful tools and analysis to assist traders in finding the best opportunities.

Educational Material

Avatrade’s world-class educational materials comprise trading videos, a trading beginners section, correct trading rules, online trading strategy guides, order types, technical analysis indicators and strategies, economic indicators, market terms, and a free trading e-book.  All the material is in-depth and well-structured and caters to both beginner and experienced traders.  Note that none of the educational materials are translated into Melayu. See below for more details:

  • Trading Videos: Video tutorials for beginner and expert MT4 traders on various topics, including trading basics, trading specifications, stock market fundamentals, trading platforms tutorials, forex basics, and market analysis tutorials.
  • Trading for Beginners: This section provides beginner traders with all the information they need to start trading CFDs confidently.  It covers topics ranging from online trading to how to place one’s first trades.
  • Correct Trading Rules: These guides educate traders on how to trade efficiently and master the basics, and progress to more advanced trading techniques and strategies.
  • Online Trading Strategies: This section enlightens traders on various online trading strategies, including day trading, swing trading, and financial instruments.
  • Order types: This section covers different types of market orders, pending orders, and conditional orders used on the financial markets.
  • Technical Analysis Indicators and Strategies: CFD and forex traders mostly utilise technical analysis methods in analysing the price changes of their preferred assets. These articles help traders understand price action methods (candlestick types and candlestick patterns, trends, volatility, market cycles, etc.
  • Economic Indicators: These articles outline the types of economic indicators and their importance during trading.
  • Market Terms for Pros: These guides help traders understand all the relevant key terms, gain further knowledge from more professional sites, and participate in interesting trader-centric forums.
  • Trading e-book: The e-book is a comprehensive guide on Forex trading strategies.

Market Analysis Materials

Avatrade also offers a comprehensive market analysis section.  It offers a trading blog covering news and market analysis, cryptocurrencies, Covid-19 financial updates, trading history, and public relations.  One can also find an economic calendar, a trading calculator, and an analysis section.  Avatrade’s in-house Market Analysis team creates all market analysis materials.  Note that none of these materials are available in Melayu. 

Customer Support

In Malaysia, customer support is available from Monday to Friday from 08:00-23:00 in English, Malay, and Chinese, via a local telephone number, email, and live chat. For urgent issues, Malaysian traders can contact AvaTrade’s international support team, which operates 24/5 via live chat.

Trading Platforms

MT4 Brokers

Metatrader 4 – The MT4 trading platform is one of the most widely used Forex trading platforms and can also be used to trade other instruments like commodities, cryptocurrency, stock index, and stock CFDs. One of the features that make MT4 popular is its auto trading feature that enables algorithmic trading and strategy backtesting with expert advisors (trading robots).

Metatrader 5 – The primary difference between MT4 and MT5 is that MT4 is a Forex-only platform, while MT5 is a multi-asset trading solution. With MT5, you can trade not only Forex but also stocks, stock indices and precious metals. MT5 also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on charts. Be aware that MT5 is only supported by AvaTrade in some regions and may not be available in yours.

AvaOptions – With AvaTrade, you can also trade vanilla options. Options trading is exciting and provides traders with opportunities to benefit from more than just the 2-dimensional nature of Forex trading. You can trade vanilla options on more than 40 currency pairs, gold, and silver. With an AvaOptions demo account, the AvaTrade support team is there to assist you while you learn the ropes.

Trading Tools

Avatrade offers several trading tools, including Autochartist, Duplitrade and Zulutrade.

Autochartist

Autochartist is an award-winning automated technical analysis tool that works with MT4 and identifies trading opportunities across hundreds of financial instruments. Autochartist is free to any AvaTrade client making a 500 USD deposit.

Autochartist’s advanced recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Some of Autochartist’s key features are:

  • Chart pattern recognition
  • Fibonacci pattern recognition
  • Key level analysis
  • Pattern quality indication

Also available on AvaTrade are DupliTrade and ZuluTrade, both automated copy trading platforms.

Duplitrade

With a minimum deposit of 2,000 USD at Avatrade, traders gain access to DupliTrade, a copy trading platform linked to the MT4 trading platform. DupliTrade allows one to automatically duplicate expert traders’ actions (with proven histories) directly to your AvaTrade trading account.

Also available on AvaTrade are DupliTrade and ZuluTrade, both Automated Copy Trading Platforms

AvaTrade Duplitrade

Your MT4 trading account can also be linked to a ZuluTrade account, also used for copy trading.

Zulutrade

One of the most popular auto trading platforms used today, ZuluTrade converts experienced traders’ recommendations and automatically executes the trades in your AvaTrade account.

AvaTrade’s MT4 MAM accounts can also be used for copying trades from a master trading account to an unlimited number of ‘copying’ accounts.

Mobile Trading App

For those traders who are often on the move, AvaTradeGO is a choice mobile trading platform. It is available for Android and iOS devices and has a user-friendly, advanced, and intuitive home screen. With AvaTradeGO, you can open and manage several MT4 accounts on the same control panel.  MT4 and MT5 are also available on all mobile devices. 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the AvaTrade offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

AvaTrade Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. AvaTrade would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

Overview

AvaTrade is one of the best, largest, and most reputable market maker brokers in the world. Strong education, local customer service, and relatively tight spreads make it a good place for beginners to start their trading careers.  At the same time, more experienced traders will enjoy the range of trading tools and wide asset choices.

AlertAccepts Malaysian Clients. Spreads start at 0.90 pips on theEUR/USD on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.48/ 5
USD 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
ETFs
50+
18
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Dealing desk
  • Limited market analysis
111104/ 5
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
72% of retail investor accounts lose money when trading CFDs with this provider
400:1
0.90 pips
Islamic
Professional
Retail
Avatrade Social
POLi
Visa
Mastercard
Skrill
Neteller
Paypal
Bank Transfer
Fees Included in Spread
1110.503.69/ 5
USD 200
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
52
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
111104/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
11110.54.5/ 5
111104/ 5
67% of retail investor accounts lose money when trading CFDs with this provider
400:1
1 pips
Professional
Standard
etoro
Visa
Mastercard
Neteller
Unionpay
Skrill
Paypal
Fees Included in Spread
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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