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4.49
/ 5
Accepts 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.
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Considered one of the best all-round brokers, Avatrade will be an attractive choice for most traders. In our review, we found that Avatrade has a wide range of tradable assets, low trading fees, and a choice of four different trading platforms. In addition, Avatrade offers some of the best trading tools in the industry, alongside a world-class selection of educational and market analysis materials, providing traders with everything they need to make trading decisions.
Avatrade is also popular for its award-winning mobile app, AvatradeGO, which has excellent risk management tools and a direct connection to AvaSocial, AvaTrade’s popular social trading system.
Malaysian traders may have an issue with Avatrade: because they are onboarded through Avatrade’s British Virgin Islands-based entity, they will have no recourse in the event of a dispute with the company. Additionally, none of the website materials are translated into Malay.
| 🏦 Min. Deposit | USD 100 |
| 🛡️ Regulated By | ASIC, B.V.I FSC, CBI, FRSA |
| 💵 Trading Cost | USD 9 |
| ⚖️ Max. Leverage | 400:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4, MT5, Avatrade Social, AvaOptions |
| 💱 Instruments | Bonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices, Vanilla Options |
Although Avatrade holds licences from a large number of top regulators, Malaysian traders are onboarded through Avatrade’s British Virgin Islands (BVI) entity. This means that Malaysians have little recourse in the case of a dispute with Avatrade.
BVI Regulation: Although the BVI is not considered a good regulator, it ensures that Avatrade segregates its client funds from its operational funds. It also means that Avatrade can offer its Malaysian clients higher leverage (of up to 400:1).
Safety Features: Although the lack of oversight may be off-putting for some Malaysian traders, we still consider Avatrade a safe broker to trade with. Firstly, Avatrade holds licences from many top-tier regulators from around the world, ensuring that it treats its clients fairly. Secondly, it provides all clients with negative balance protection, which means that traders cannot lose more than their initial deposit. Finally, it has received a wealth of industry recognition, supporting its credentials as a safe broker.
We confirmed each of the licences and regulations on the regulator’s online register. See below for details of Avatrade’s BVI regulated entity:
Company Details:
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Website Year Founded Office Locations Non-Trading Fees 2006Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE25 USD/mo inactivity fee
While Avatrade’s range of tradable assets is around the industry average, it also offers specialty instruments such as vanilla options which are rarely found at other brokers.
Specialty Instruments: Avatrade offers several asset classes that aren’t found at other brokers. These include 55 vanilla options, traded exclusively on Avatrade’s AvaOptions platform, two bonds, 59 ETFs, and 13 cryptocurrencies, providing traders with excellent asset diversification.
Complete list of instruments:
Scroll for more details Financial Instrument Number of Assets Leverage Bonds220:1Commodities25200:1Cryptocurrencies2025:1Stock CFDs62510:1ETFs5920:1Forex55400:1Indices33200:1Vanilla Options53100:1
Overall, Avatrade has a similar number of assets compared to other brokers, but it stands out for its specialty instruments, including vanilla options, ETFs, bonds, and cryptocurrencies.
Avatrade offers one commission-free trading account, and both its initial and ongoing costs are around the industry average.
Trading Fees: Avatrade’s account requires a minimum deposit of 100 USD, making it accessible to most traders. No commissions are charged for Forex trading, and traders will find spreads of 0.9 pips (EUR/USD), which is around the industry average.
Account Trading Costs:
Scroll for more details Trading account Min. Deposit Min. Spread EUR/USD Commission Trading Cost (USD) RetailUSD 1000.90Spread Only9.0
We opened and tested Avatrade’s Standard account:
Standard Account: In order to open an account, traders will have to make a minimum deposit of 100 USD. The account is available on MT4, MT5, and Avatrade’s proprietary platform. We were pleased to see that spreads on the platform are 0.9 pips on the EUR/USD, as advertised on Avatrade’s website, and there are no commissions for Forex trading:
AvaTrade’s Malaysian clients also receive perks with higher deposit amounts. For example, from 1,000 USD and upward, traders receive a 20% on-deposit bonus and one-on-one trading sessions with a personal account manager. In addition, clients who deposit 2,000 USD or more will gain free access to Duplitrade, a popular third-party copy trading platform.
Avatrade offers a decent range of funding methods, and we were pleased that both deposits and withdrawals are free. However, we found that withdrawal times are slow compared to other brokers.
A well-regulated broker, Avatrade ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Traders can only withdraw up to 100% of the original deposit to a credit or debit card. After this, funds may be withdrawn by another method in the trader’s name.
Accepted Deposit Currencies: When we opened our account, we noticed that the Avatrade client portal allows traders to choose between five base currencies, including USD, EUR, GBP, CHF, and AUD. Because we were depositing MYR from our Malaysian bank account into our USD-based trading account, we were charged currency conversion fees.
While this may not affect occasional traders, high-volume traders (who trade more than 10 lots a month) should consider opening an account denominated in USD because a conversion fee will be charged for every trade made on a USD-quoted currency pair. This can be done by opening a multi-currency bank account at a digital bank.
Funding Methods: We were pleased to find that Avatrade offers a good range of payment methods, and it does not charge fees for deposits or withdrawals. See below for a complete list of payment options and withdrawal times:
Scroll for more details Funding Method Base Currency Deposit Fees Withdrawal Fees Processing Time Bank TransferEUR, USD,GBP, PLNFREEFREEDeposits can take up to 2 business days to be processed and withdrawals take up to 5 daysMaestroALL currenciesFREEFREEDeposits and withdrawals are instant.MastercardALL currenciesFREEFREEDeposits and withdrawals are instant.NetellerALL currenciesFREEFREEDeposits and withdrawals are instant.PaypalEUR, USD,GBP, PLNFREEFREEDeposits and withdrawals are processed within 15 min.POLiAUD, USDFREEFREEDeposits and withdrawals are processed within 15 min.SkrillALL currenciesFREEFREEDeposits and withdrawals are instant.VisaALL currenciesFREEFREEDeposits and withdrawals are instant.WebMoneyUSD,EUR,GBP,CHF,AUDFREEFREEDeposits are processed within 24 hours and withdrawals are processed within 24 - 48 hours.
Overall, while withdrawal and deposits are free, we were disappointed by Avatrade’s processing times on both its deposits and withdrawals.
With support for four mobile trading apps, including its award-winning AvatradeGO, we found that Avatrade provides a superior mobile trading experience.
AvatradeGO Trading App
We quickly realised that the AvatradeGO app is not a trading platform but more of a portal that allows traders to manage their Metatrader 4 platform from a mobile device or tablet. It’s available on both Android and iOS and integrates with Avatrade’s social trading application.
AvatradeGO Features: We enjoyed how easy it is to use the AvatradeGO app. It has a sophisticated dashboard and intuitive home screen that allows you to view educational videos, and market analysis materials and contact customer support from within the app. It also has excellent search functionality, and it’s simple to place orders, set price alerts, create watchlists, and view live prices and charts.
Trading Tools: The mobile app also features AvaProtect, Avatrade’s risk management system. This unique trading tool allows clients to purchase protection against losing trades for a specified time, and if a trade is closed during that period.
Overall, the AvatradeGO mobile app provides a smooth trading experience with an intuitive dashboard. We also enjoyed the step-by-step tutorial on how to use the app.
Avatrade offers MT4 and MT5 available for both Android and iOS. Although there is slightly limited functionality compared to the desktop versions of the platforms, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders.
Unlike most other brokers, Avatrade offers trading on vanilla options. It has also created its own options mobile trading platform. Traders can choose between more than 40 currency pairs and gold and silver. The platform gives you total control over your portfolio, letting you balance risk and reward to match your market view.
Overall, Avatrade’s mobile trading support is excellent compared to other brokers, with the MT4 and MT5 mobile versions available and the AvatradeGO and AvaOptions trading apps.
Avatrade offers a wider range of trading platforms than other brokers, including MT4, MT5, and its own proprietary platforms – Avatrade Webtrader and AvaOptions.
For the purposes of this review, we tested Avatrade’s web trader platform. When you log in to your account, you are immediately redirected to the platform.
The web trader platform requires no downloads or installation and is available for all devices. We found that the web trader has a clean user interface and intuitive design and is easy to navigate and search for various instruments, making it a great option for beginner traders. There are three chart types, including Line, Bar, and Candlestick charts, and you can also access a wide selection of indicators in multiple timeframes. See below:
One drawback is that the platform is not customisable, and traders can’t change the size and position of the tabs. The platform also does not allow traders to set price alerts and notifications. More advanced traders may prefer MT4 or MT5, both available at Avatrade, which allows traders to customise their indicators, has many more chart types, and algorithmic (or automated) trading.
We were pleased to note that Trading Central, one of the most popular third-party trading tools on the market, is fully integrated into the platform and provides technical insight and instant pattern recognition.
We found that like most brokers, the Avatrade MT4 platform is the standard version with 24 graphical objects and 30 built-in indicators. Unlike Avatrade’s proprietary web trader, algorithmic trading is available, and MT4 is fully customisable.
As you can see below, only the basic orders are available, Market, Limit, Stop, and Trailing Stop.
MT5, the newer version of MT4, is also available at Avatrade. The difference between the two platforms is that MT4 is a Forex-only platform, while MT5 allows trading on all the assets available at Avatrade. We recommend using MT5 if you are looking for a more powerful and faster trading platform when it comes to back-testing functionality for automated trading algorithms. Additionally, traders prefer MT5 for its depth of market display, additional technical indicators, and analytical tools.
AvaTrade allows trading on vanilla options. Options trading provides traders with opportunities to benefit from more than just the 2-dimensional nature of Forex trading. Vanilla options are available on more than 40 currency pairs, gold and silver. Trading options can be a complex undertaking, but the AvaOptions platform simplifies the process.
Platform Overview:
We found Avatrade’s account opening process to be fast and hassle-free compared to most other brokers.
It took us about 5 minutes to open an account at AvaTrade, and once our documentation had been submitted, our accounts were ready for trading immediately. We were also pleasantly surprised to receive a phone call from customer service to assist with any troubleshooting issues.
As a Malaysian trader, you are eligible to open an account at Avatrade as long as you meet the minimum deposit requirement of 100 .
Creating an account is fast and fully digital, and accounts are usually ready for trading in a matter of minutes.
How to open an account at Avatrade:
Once all documents had been received, our account was ready for trading within a matter of minutes.
Avatrade’s account opening process is fast, hassle-free, and fully digital compared to other similar brokers.
Avatrade’s market research is average compared to other similar brokers, and most of the research is curated by third-party providers. It also offers the services of Trading Central, a world leader in technical and fundamental analysis.
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Research is available through the web trading platform, the MetaTrader platform, the AvaOptions trading platform, and on Avatrade’s website:
Overall, while Avatrade’s in-house team does not provide as much market analysis as is available at other large international brokers, it provides a good set of third-party tools to help its clients make trading decisions.
We found that AvaTrade offers an excellent and varied social trading experience compared to other brokers.
We were pleasantly surprised to find that Avatrade offers two copy trading platforms and its own social trading platform:
Duplitrade: Duplitrade is a popular copy trading platform that can link to the MT4 trading platform. DupliTrade allows traders to automatically duplicate the actions of expert traders (with proven histories) directly into their AvaTrade trading account. However, traders will have to deposit a minimum amount of 2,000 USD to access Duplitrade, way above the required minimum deposit. We thought this offering was expensive compared to other similar brokers.
Zulutrade: Another firm favourite is Zulutrade, a popular auto trading platform. ZuluTrade converts experienced traders’ recommendations and automatically executes the trades in your AvaTrade account.
We also like the fact that although Zulutrade offers automated trading, copy traders can monitor all open positions in real-time and have full control over their funds. Copy traders can choose from a large set of experienced and high-ranking traders with many followers. In order to open a copy trading account, you should click on “New Account” and select Zulutrade as the trading platform.
AvaSocial: AvaTrade clients can also download the broker’s social and copy trading platform – AvaSocial. Available on iOS and Android devices, the mobile app allows clients to replicate the trades of successful investors. You can opt to trade on market signals manually or to follow a fully automated service.
Users can interact with other traders via community channels, ask questions on specific strategies, find out more about crypto markets, or seek a trading mentor, making it a great tool for beginner traders.
Overall, Avatrade offers a comprehensive social and copy trading experience compared to other brokers.
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Avatrade provides an excellent selection of educational materials compared to other similar brokers. The education section caters to both beginner and more experienced traders alike.
We found that Avatrade’s library of educational materials is world-class and on par with some of the best brokers in the world. Education comprises 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. These materials are in-depth and well-structured and cater to both beginner and experienced traders. Avatrade also offers a demo account for traders to practice their trading:
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We found that Avatrade’s customer service is excellent compared to other similar brokers.
Customer support is available 24/5 for CFD trading and 24/7 for cryptocurrency trading. Support is available in a range of languages, including Malay, via email, live chat, and via a local Malaysian telephone number.
For the purposes of the review, we tested the live chat service and email. Our email was answered within a couple of hours, and the answer was relevant and to the point. We found the live chat agents were polite and responsive, and they were able to answer all our questions. After logging into the live chat, we were connected to an agent who replied to our message within 30 seconds, as shown below:
Regulation: Avatrade has a corporate structure composed of multiple regulated entities that operate in different regions across the world, including South Africa, Australia, Cyprus, Japan, Abu Dhabi, and the British Virgin Islands. See below for more details:
Industry Recognition: In addition to being regulated by several national authorities, AvaTrade has received widespread industry recognition for its excellent trading conditions and innovations. Recent awards include:
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the broker’s reliability, the broker’s platform offering, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded on 200+ metrics across seven areas of interest, and an overall score is calculated and assigned to the broker according to the diagram below:
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. 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.
AvaTrade is one of the best, largest, and most reputable brokers in the world, and for good reason. It offers a wide range of trading platforms, including its award-winning mobile trading app, AvatradeGO. It also offers a world-class selection of trading tools, including Trading Central, alongside excellent analytical and education sections.
Although Avatrade’s trading costs are not the lowest in the industry, traders will find them acceptable. Spreads start at 0.9 pips on the EUR/USD in exchange for a minimum deposit of only 100 USD. One major drawback for Malaysian traders considering Avatrade is that they are onboarded through Avatrade’s BVI-regulated entity, which means that they are not as well protected as their international counterparts.
Yes. AvaTrade is an internationally regulated Forex CFD broker.
Clients can open a live AvaTrade account for 100 USD.
Clients can fund accounts using Skrill, Webmoney, Neteller, ETF, and credit cards. Payments will reflect in your trading account between 1-5 days depending on the deposit method.
Clients can only make withdrawals via payment methods used to fund your account, with the only exception made for clients who are withdrawing earnings and have already made a withdrawal via the original funding method. Withdrawals are typically processed and sent within 1 to 2 business days.
The free AvaTrade demo account has 100,000 USD virtual funds. The account will expire after 21 days but can be reopened by the support team.
Find out how AvaTrade stacks up against other brokers.
Accepts 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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