AvaTrade Broker Review

Author By Jeffrey Cammack Author Information Updated: December 1, 2020
Overall Rating
4.18 4.18 / 5
Rated #17 of 49 Recommended Brokers
Min. Deposit
USD 100
Regulators
Trading Desk
Trading CostTrading Cost Information
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. Average spread EUR/USD 0.90 pips 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.

Summary

Good value, beginner-friendly and hugely respected all over the world, AvaTrade is one of the most reputable brokers in the industry. With support for the leading trading platforms, great trading conditions on Islamic accounts and top-quality multilingual support, AvaTrade has built a brand on a solid reputation and continues to please its many new and existing customers.  

AvaTrade offers trading in Forex, commodities, cryptocurrencies, exchange-traded funds, options, bonds, and equities and is a good choice for any type of forex trader ranging from beginners to scalpers and intraday traders to long-term traders.

Reviews

Regulation
111104/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110002/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses
Competitive Bonus

Account Information

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

Trading Conditions

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

Company Details

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

Account Types

AvaTrade has a live account, with an islamic account option, and demo account.

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Islamic
USD 100
400:1
1.2
None
Account Details
Professional
USD 100
400:1
0.9
None
Account Details
Retail
USD 100
400:1
0.9
None
Account Details

Traders opening live accounts can choose from four types which include the Silver account, Gold account, Platinum account and Ava Select account.  Each comes with different minimum deposit.

  • The Silver account requires a minimum deposit of $100
  • The Gold account requires a minimum deposit of $1000
  • The Platinum account requires a minimum deposit of $10,000
  • Ava Select account requires a minimum deposit of $100,000

Each live account has access to the core set of AvaTrade services.  AvaTrade offers trading webinars and courses as well as access to live market news and trading signals.  

AvaTrade is a good broker for beginners and advanced traders alike.

Islamic Account

AvaTrade offers an Islamic account to traders of the muslim faith.  In order to set up an Islamic account, the trader needs to follow these steps.

  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.

Traders are not able to trade cryptocurrencies using an Islamic account. This is mainly due to the way the trading is set up, and AvaTrade cannot make the guarantee that interest is generated.  If you do wish to trade cryptocurrencies, you will need to give up the Islamic Account privileges.

Trading Platforms

AvaTrade provides a variety of trading platforms for forex traders. Some of these include:

  • MetaTrader 4 – The standard and single best trading software available to traders.  An MT4 Floating Spreads account is available where liquidity is taken directly from the market.
  • MetaTrader 5 – The latest version of the MetaTrader family, that introduces multi-asset trading, faster transaction speeds and a modernised graphical interface.
  • AvaTradeAct – A custom software for those who want to trade in the browser.  It includes all the features AvaTrade has enabled in their accounts and is continually getting updates to improve the trading experience.
  • Mobile – Both an IOS & Android app is available for those who want to be able to monitor trades while away from a computer.  Although I never see a mobile application replacing the desktop, these apps are important in enabling traders to work while doing other things.
  • Automated Trade – A number of automated trading options are available with AvaTrade accounts.  Each of them enables the trader to copy the trades of other successful traders.  Options for automated trading include (but are not limited to) DupliTrade, Robox & ZuluTrade.  Please take caution using these connectors as it opens your trading account to risk.

Account Funding

Deposits

AvaTrade has allowed the use of a number of money transaction methods when it comes to depositing and withdrawing money from your AvaTrade account. The allowed methods of transacting money include Bank Wire Transfers, PayPal, Neteller, Moneybookers, Ava Debit Card, and WebMoney.

Withdrawals

To withdraw funds from your AvaTrade account, the account must be verified.  This is a process required by regulators, and includes submitting identity documents and a recent proof of residency.  If your account is verified, complete a withdrawal request from inside you account.

It takes 24-48 business hours for a withdrawal to be processed by AvaTrade, provided the account is verified.  The minimum withdrawal amount is 1 USD. 

AvaTrade does not charge a fee for withdrawal, but the receiving bank may charge an administration fee on incoming payments.

Company & Regulation

AvaTrade is regulated by the Central Bank of Ireland, Australian Securities & Investment Commission (ASIC), British Virgin Islands Financial Service Commission (B.V.I), Financial Futures Association of Japan, Securities Commission Malaysia and the Financial Sector Conduct Authority (FSCA) in South Africa.

AvaTrade was founded in 2006 and its headquarters are in Dublin, Ireland. It also has other offices in Japan, France, China, Italy, South Africa, and Australia enabling them to provide quality customer service and account management in most time zones where they have traders active.

Other AvaTrade features

  • AvaTrade offers several important forex trading tools which include: Expert Advisors (EA) on MT4, Trading Central and a Direct Dealing Room Support.
  • AvaTrade also offers forex education materials like Webinars, Videos, Guides, Daily News, Demos and Technical Analysis.
  • AvaTrade also provides their retail forex traders with Personal Account Manager so you have a reliable point of contact for all your needs.
  • The AvaTrade Customer Service is open for 24-hours for the five working days that the market is open.
AlertAccepts Malaysian Clients. Average spread EUR/USD 0.90 pips 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
11110.54.18/ 5
USD 100
Market Maker
Commodities, Cryptocurrencies, Equities, ETFs
50+
18
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Dealing desk
  • Limited education
111104/ 5
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
110002/ 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
Yes
Yes
Islamic, Professional, Retail
Yes
MT4, MT5, Avatrade Social
Mastercard, Neteller, Paypal, Bank Transfer
Fees Included in Spread
1110.503.33/ 5
USD 200
Market Maker
Commodities, Cryptocurrencies, Forex, Equities
47
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
110.5002.5/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
111104/ 5
111104/ 5
71% of retail investor accounts lose money when trading CFDs with this provider
400:1
1 pips
Yes
Yes
Professional, Standard
Yes
etoro
Mastercard, Neteller, Skrill, Paypal
Fees Included in Spread
1110.503.73/ 5
USD 500
Market Maker
Commodities, Forex, Equities, ETFs
48
0
  • Good range of accounts
  • Wide range of assets
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
111104/ 5
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
10.50001.5/ 5
11110.54.5/ 5
111003/ 5
69.7% of retail investor accounts lose money when trading CFDs with this provider
400:1
2 pips
Yes
Yes
Gold, Islamic, Mini, Platinum
Yes
MT5, Sirix
Mastercard, Maestro, Skrill, Neteller
Fees Included in Spread
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

Share your knowledge

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Featured Brokers

Close
>