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71% of retail investor accounts lose money when trading CFDs with this provider.

AvaTrade Review 2024

7.1/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $100
Trading platform:
  • MT4
  • WebTrader
  • Zulu Trader
  • Mirror Trader
  • AvaTrader
  • Mobile Apps
Regulation:
  • CBI
  • ASIC
  • FSCA
  • FSA
  • FFAJ
  • BVI FSC
Foundation year:
  • 2006
Updated:
7.1/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $100
Trading platform:
  • MT4
  • WebTrader
  • Zulu Trader
  • Mirror Trader
  • AvaTrader
  • Mobile Apps
Regulation:
  • CBI
  • ASIC
  • FSCA
  • FSA
  • FFAJ
  • BVI FSC
Foundation year:
  • 2006
528*
people picked this broker on the Traders Union website over the last 3 months
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AvaTrade isn't available in United States
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Our Evaluation of AvaTrade

7.1/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

AvaTrade is a reliable broker with the TU Overall Score of 7.1 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AvaTrade clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.

AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.

Brief Look at AvaTrade

AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.

Advantages of trading with AvaTrade:
  • a wide range of trading instruments;
  • there is a license for the provision of services on the territory of 5 continents;
  • customer service operates around the clock and provides competent assistance to users in 14 languages;
  • a wide choice of convenient trading platforms;
  • ability to trade from mobile devices;
  • availability of an account for representatives of Islam (swap-free);
  • for reliable storage of customer funds, the broker uses a segregated account;
  • option for automated trading using trading advisors, indicators, and other analysis tools;
  • no restrictions on trade and scalping;
  • availability of training materials and conducting webinars for beginners and experienced traders.
Disadvantages of AvaTrade:
  • the site interface is not user-friendly;
  • customer service efficiency and response time
  • trading terminals are prone to occasionally freeze.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

AvaTrade has proved to be a reliable partner that regularly performs for its customers. The reliability of the broker, as well as its high-quality service and favorable trading conditions, are often mentioned by the company's customers in their reviews.

At times, users are dissatisfied with a delay in withdrawing funds, but the competent customer service finds the best solutions to eliminate the difficulties a trader has encountered. The same users note that, despite some difficulties, the broker transfers the necessary funds in full amount.

All the users, without exception, note that AvaTrade offers almost the largest assortment of various assets and analytical tools that make automated trading possible. Also, the broker's advantages are minimal commissions, low spread, and fast execution of orders, as hundreds of satisfied customers claim.

Of particular note is providing security: customers' funds are stored on segregated accounts, and the broker's activity is accredited in the EU, Japan, Australia, South Africa, and the British Virgin Islands. Fulfillment of all legal obligations regarding these regulators makes AvaTrade one of the most reliable companies, regularly included in the lists of the best brokers.

Trade with this broker, if:
  • You prefer to employ various trading styles without restrictions and also aim for passive income. AvaTrade doesn't limit its clients — they can scalp, hedge, trade the news, and use advisors. The broker offers a partnership program and its own copy trading service.
  • You require special conditions and tools for trading. With a standard account, you have the option to convert it into an Islamic account at any time. The broker provides calculators, signals, news feeds, and analytical tools to facilitate trading for its clients.
Do not trade with this broker, if:
  • You are looking to start with a minimal deposit and value transparency. To open a user account at AvaTrade, you need to deposit a minimum of $100. Many parameters are hidden from unregistered users, including trading fees.

AvaTrade Summary

Your capital is at risk.  71% of retail investor accounts lose money when trading CFDs with this provider.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: MetaTrader 4, MetaTrader 5, Mirror Trader, ZuluTrade, AvaTrader, mobile and web versions of МТ
📊 Accounts: Standard, Demo
💰 Account currency: AUD, JPY, GBP, USD, EUR, CHF
💵 Replenishment / Withdrawal: MasterCard, bank transfers, e-wallets
🚀 Minimum deposit: 100$
⚖️ Leverage: 1:30 to 1:400
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.9 to 3 p.
🔧 Instruments: Forex pairs, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options and ETFs
💹 Margin Call / Stop Out: 25% / 10%
🏛 Liquidity provider: Currenex
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Instant Execution
⭐ Trading features: Cryptocurrencies and CFDs trading; Islamic accounts.
🎁 Contests and bonuses: Yes

AvaTrade offers traders only two types of accounts - Standard and Demo accounts. Trading conditions for Standard accounts differ across different trading platforms.

When registering a Demo account, traders will receive a bonus in the form of 10,000 US dollars on the account for obtaining trading skills.

Another advantage of AvaTrade, which is often noted by traders, is a large choice of assets - there are more than 250 of them.

The broker’s customers also distinguish a low spread and commissions, the speed of order execution, and a wide range of trading platforms. Beginners will appreciate the availability of microlots.

AvaTrade Key Parameters Evaluation

User Satisfaction

Score:
6.9/10

Share your experience

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Pro Sameer Javed
1 day ago
Social link Verified
Location PK Rawalpindi
Dignity

Shortcomings

I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating.
Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.

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sanjeevika
4 weeks ago

While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.

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ashan777
6 weeks ago

I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.

Responses to a comment
yakubkevin to ashan777
4 weeks ago

I have never received my money from AvaTrade for several months. However, the company processes transfers to a bank card within a week. That's quite a long time, although it doesn't matter much to me. The broker does withdraw money, and that's good.

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sochea1kh
9 weeks ago

Although I do not consider AvaTrade to be a scam company, I would not recommend starting trading here. Because my work with this broker did not end in the best way. Not only can AvaTrade limit a certain type of trading at any time, but there are also many problems with the platform. Therefore, I lost most of my deposit while trading.

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sbhs715
13 weeks ago

Recently I noticed strange changes in trading conditions of AvaTrade. Spreads constantly increase to high values, which leads to large slippages when opening trades. This caused me some doubts, since I had previously worked with them for several months and had no such problems. I don’t really understand what happened with AvaTrade’s conditions.

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bokser27
16 weeks ago

Awful broker AvaTrade. They do not pay out funds, citing technical issues. Then my personal account was blocked. I cannot log in. Has anyone had similar problems? What is happening with this company lately? Perhaps AvaTrade is on the verge of collapse? I really wouldn't want to lose my money.

Responses to a comment
rayhan_rony to bokser27
9 weeks ago

Unfortunately it's true. AvaTrade makes every effort to delay withdrawals of client funds. At the same time, the withdrawal rules are constantly violated. Of course, the company comes up with various excuses.

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Billiard
17 weeks ago

AVATrade is quite ok. Although there is nothing particularly outstanding here, they allow you to increase your deposit and this is good. After switching to the direct market, I have no complaints about the execution of trades. When I traded on a classic account, requotes often occurred when there were spikes in volatility, which is why I decided to change the account type. Now everything is fine and even if there are occasional slippages, they do not cause serious problems. AVATrade withdraws money without serious delays.

Score:
7.1/10

Trading Account Opening

To make your work with AvaTrade as comfortable as possible, we suggest that you familiarize yourself with step-by-step instructions for opening a trading account and take an online tour of your account.

1

You can enter your account or go through the registration procedure directly from the main page of the broker’s site using the Registration or Login buttons.

2

If you have an open account, you need to enter your e-mail address and password.

3

Unregistered users should click the Registration button - then a window for entering the necessary data will appear.

4

After filling out a short form, the Open an Account button will be activated. Click it and go to the second part of the registration - entering personal data.

5

Here you also need to specify your financial data, choose a trading terminal, and the base currency of the account.

6

The last step is to read and accept the Terms and Conditions and confirm the registration, after which you will get into your account.

7

You will find all the available functions in the Personal account menu.

On the main page of AvaTrade you will all the necessary information about:

  • Forex;

  • CFD;

  • cryptocurrencies;

  • platforms;

  • trading;

  • education.

The block of information about the brokerage company is also here.

Score:
9.5/10

Regulation and Safety

Information

The activity of AvaTrade is regulated by 7 commissions: European CBI, Australian ASIC, South African FSCA, Japanese FSA and FFAJ, and the authorities of the British Virgin Islands B.V.I. FSC and CySEC. More about the safety of AvaTrade.

To obtain accreditation from each of the regulatory authorities, it is necessary to follow clear regulations and comply with all the declared requirements for the provision of financial services.

The activity of AvaTrade fully complies with the criteria of regulators and the broker's regulations. Thanks to this, reliable legal relations between the company and consumers are ensured. The safety of financial assets is observed.

Advantages

  • Trading operations are conducted under clear regulations 
  • Relations between the broker and the trader are regulated by the agreement
  • Regulation by 7 authorities allows a customer to submit a claim from any country
  • Protection of customer funds using storage at segregated accounts
  • Licenses and other regulating documents are freely available at the broker’s website

Disadvantages

  • Before the start of cooperation with the broker it is necessary to familiarize yourself with a lot of documents 
  • Claims from only major investors are accepted
Score:
7.2/10

Commissions & Fees

Information
The broker has been checked by our experts for the existence of explicit and hidden commissions, in particular a commission for trading volume and withdrawal of funds.
Account type Spread (minimum value) Withdrawal commission
Standard From 0 to 20 US dollars, depending on the platform No

We have also analyzed commission indicators of Ava Trade competitors - RoboForex and Exness. Based on the results of the study, we distinguished three categories: high commission level, medium and low.

Broker Average commission Level
$4
Medium
$1
Low
$8.5
High
Score:
6.3/10

Account Types

AvaTrade offers its customers only two types of accounts - real and demo. At the same time, the broker gives great freedom when choosing a trading terminal. Different terminals are adapted for different types of trading, therefore, before starting work, you should familiarize yourself with the specification of trading platforms.

To start working with AvaTrade, you need to open an account.

Account Type
Description
Standard
The account is intended for real trading in any of the directions proposed by the broker. Also suitable for representatives of Islam, with the ability to disable swaps;
Demo
With this account, a novice trader can practice and get a basic understanding of the market. The account is also suitable for experienced market participants who want to test new trading strategies.

More than 5 trading platforms are used for trading, among which the most popular are (MT4, MT5) and the broker's development (AvaTrader). All the platforms have a mobile version.

When opening a demo account, a customer receives a balance of 10,000 US dollars. The money cannot be withdrawn to a real account, but they can help you get your first experience in trading and after that - earn real money on a real account.

AvaTrade - How to open, deposit and verify a trading account | Firsthand experience of Traders Union

AvaTrade tested by Rinat Gismatullin
Score:
6.9/10

Deposit and Withdrawal

  • AvaTrade does not charge a commission for its services.

  • You can withdraw funds at AvaTrade using 5 electronic systems: PayPal, WebMoney, Neteller, Wire Transfer, Skrill, as well as MasterCard and Visa credit cards.

  • An application for withdrawal of funds is considered from one minute to two days. Withdrawal of funds to electronic wallets is carried out within a few minutes; cardholders have to wait up to five days.

  • To withdraw you need to hold verified membership and make a minimum deposit of 100 US dollars.

Score:
8.8/10

Investment Options

income with AvaTrade is available to both active market participants and those who choose passive trading.

The broker offers two services for earning passive income:

DupliTrade Platform

Allows you to copy transactions of experienced market participants in a real-time mode. A user-friendly interface facilitates the task of managing and compiling investment portfolios and gives access to proven trading strategies.

  • Quick registration. Open an account at DupliTrade and link it to the account at AvaTrade. Data from the platform will be automatically transferred to your account.

  • Access to providers of the best strategies. Each of them uses different, but equally effective trading methods and styles, thanks to which you can increase your funds.

  • Mobility. Trading on DupliTrade is carried out even if you do not have access to a computer.

Trading experience does not matter. The platform provides the same conditions for both experienced traders and beginners. You can also open a demo account at DupliTrade and practice. Learn More About AvaTrade Copy Trading

ZuluTrade Platform

The automated trading service is popular with traders. The platform collects recommendations from leading traders, after which it automatically conducts the most profitable transactions. The customer of the service only has to choose traders, whose recommendations the platform will follow.

  • The convenience of use. A user-friendly interface facilitates the process of managing your account.

  • Mobility. You can use ZuluTrade not only from a computer but also from a tablet or mobile device.

  • Rating. The service forms a list of traders with the best profit indicators and the number of subscribers. The user can also choose a trader depending on which tools are chosen.

  • Safety. The platform provides customer protection with the ZuluGuard feature. It is provided for cases when the trader selected by the user changes the strategy or his or her profit indicators fall in the rating.

The Traders Union customers with different levels of experience will benefit from the convenience of automated trading. The platforms are designed to generate passive income streams, but the trader who has gained enough experience can eventually become an expert whose orders are copied and whose advice is the basis for conducting transactions by the service.

AvaTrade affiliate program

AvaTrade also offers its customers the opportunity to earn additional profit on partnership. Affiliate program participants get access to the latest affiliate marketing strategies, the flexible commission accrual structure, and the acceleration of this process. The partner is also provided with a personal manager.

There are several types of partnerships on AvaTrade.

  • Introducing broker. The partner's task is to attract customers. The employees of the company deal with the adaptation of beginners, while the partner receives a commission from their trade.

  • Investment manager. For managing multiple accounts at the same time, the partner receives a reward and part of their income.

  • Educational center. The partner’s task is to organize the educational process for new customers and select qualified personnel to improve the quality of training materials.

  • Service Provider. One of the highest-paid partnerships. The partner receives income for the development of innovations, trading tools, and platforms for the broker, providing trading signals.

Score:
7.9/10

Customer Support

Information

You can contact AvaTrade customer service at any time of the day from Monday to Friday. Professional experts provide help in 14 languages.

Advantages

  • Friendly and qualified employees
  • Comprehensive answers to any questions of users
  • Multilanguage support — 14 languages
  • Assisting in case of difficulties in work and other issues
  • Round the clock support during the working week

Disadvantages

  • Does not work on the weekend (Saturday, Sunday)
  • Responses could be quicker

You can contact the customer service via the following:

  • email;

  • a phone call to any of the numbers indicated at the site;

  • a message to the online chat at the broker’s site;

  • filling out a form for a callback at the site.

Contacts

Foundation date 2006
Registration address AvaTrade Financial Center, Five Lamps Place, Amiens St, Mountjoy, Dublin, D01 A7V2.
Regulation CBI, ASIC, FSCA, FSA, FFAJ, BVI FSC
Official site avatrade.com
Contacts
+1-212-941-9609
Score:
6.8/10

Education

Information

The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.

Information available in the Analysis and Education section
Unavailable information at AvaTrade site
Basics of trading at Forex and CFD for beginners
Vocabulary with Forex terminology 
Economic indicators
 
Tutorial videos for traders of any level
 
E-book with the basics of trading
 

If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.

Comparison of AvaTrade with other Brokers

AvaTrade RoboForex Eightcap Exness Pocket Option FXGT.com
Trading
platform
MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 Pocket Option, MT5, MT4 MetaTrader4, MetaTrader5
Min deposit $100 $10 $100 $10 $5 $5
Leverage From 1:200
to 1:400
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.9 points From 0 points From 0 points From 1 point From 1.2 point From 0.5 points
Level of margin call
/ stop out
25%  /  10% 60%  /  40% 80%  /  50% No  /  60% 30%  /  50% 50%  /  20%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts Yes Yes No No No No

Detailed Review of AvaTrade

AvaTrade has been providing services at the market for more than 14 years and during this time it has become one of the leading companies. It is consistently on the list of the best Forex brokers. The broker diligently fulfills its obligations towards the customers and regulatory authorities, implements innovations in its activity, and is constantly working to improve its service.

The company's activity is regulated by 7 commissions at the same time: CBI (EU), B.V.I. FSC (British Virgin Islands), ASIC (Australia), FSCA (RSA), CySEC, FSA, and FFAJ (Japan). The broker uses segregated accounts for more reliable protection of customer's funds.

Here are some figures about AvaTrade brokers, which can be interesting for traders:

  • a wide range of trading instruments - more than 250 assets;

  • customer service that speaks 14 languages, available 24 hours 5 days a week;

  • accreditation from 7 regulatory authorities from five continents;

  • the company's monthly turnover is more than 60 billion US dollars;

  • the company’s experience is 14 years of work at the financial services market;

  • more than 200 thousand customers worldwide;

  • since 2009 the broker has received 9 awards for the quality of services provided.

AvaTrade is an ideal choice for all traders

AvaTrade is a great platform for beginner traders. The broker provides customers with comfortable working conditions, while the reliability, confirmed by a large number of licenses, which means that it can guarantee newcomers trade safety.

A wide choice of assets also attracts traders - from currency pairs to cryptocurrencies, indices, stocks, and commodity trading. AvaTrade broker was one of the first to include profitable cryptocurrency contracts in the list of instruments.

Another advantage of the company is the option for automated trading, the use of technical tools for analysis in the work. A customer can use the popular ZuluTrade platform or their exclusive AvaTrade GO. Also, the broker provides an opportunity to develop a personal trading algorithm using APIs.

Advantages:

1

availability of special accounts forIslamic traders;

2

large choice of trading platforms, mobile trading;

3

permission to use advisers, indicators, charts, and other instruments for automated trading;

4

Training section: Educational platform, tutorial videos, analytical materials and webinars for traders;

5

provides support by qualified experts 5 days a week at any time of the day;

6

high level of protection for customer funds stored at segregated accounts;

7

high level of accreditation. Licenses from the leading regulators across 5 continents.

Latest AvaTrade News

26.03.2024
Mirjan Hipolito
AvaTrade unveiled the power of its social platform, AvaSocial
​Ireland-based stock broker AvaTrade offers its clients a wide range of investment and passive trading opportunities.  The AvaSocial trading platform
29.06.2023
Glory Faleke
AvaTrade appoints new Chief Country Manager for Spain
AvaTrade Brokerage has announced the appointment of Pedro Sánchez Bennai as Spain Chief Country Manager. Pedro Sánchez Bennai joins AvaTrade from Trive,
20.06.2023
Glory Faleke
AvaTrade presents a new Head of Sales
Broker AvaTrade has announced the appointment of Gabriel Michaeli as Head of Sales and Retention.Prior to joining the AvaTrade team, Michaeli served as
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