AvaTrade Review 2020

Overall rating

Overall rating

9.2

/10

AvaTrade Review 2020
Davis J.
Robertson A.
September 2020
Analysis of the Main Features of the Forex Broker

9.2

Overall rating

9.2

/10

Execution of orders

9

/10

Investment instruments

8.8

/10

Withdrawal speed

9.2

/10

Customer Support work

9.4

/10

Variety of instruments

9.6

/10

Trading platform

4

Position
in rating

9.2

/10

Overall rating

Trading terminals:

MT4 WebTrader
Zulu Trader
AvaTrader
4

Position in rating

9.2/10
Overall rating

Trading terminals:

MT4 WebTrader
Zulu Trader
AvaTrader

Summary of AvaTrade Trading Company

AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 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), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.

Attention!

If you have an existing account with AvaTrade, and you wish to take advantage of the Trader’s Union rebates, you will need to open an additional account. To do this, simply access your existing account on the AvaTrade website and open a new account and enter the Affiliate code of the Traders Union: 11311

👍 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.

Overall

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.

Visit AvaTrade

AvaTrade Latest Comments for 2020

6
0
9

The reviews by customers of the AvaTrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of AvaTrade published on the website in 2020 are verified and confirmed by Traders Union as reliable comments by real traders.

On the surface, AvaTrade offers good conditions. Looking closely, they have a slightly large spread during the period of volatility. If you do not take risks on market news and disregard the hype, then such spreads are not particularly scary. It also depends on the trader’s strategy and my opinion is that not everyone will be comfortable with AvaTrade. I registered on their proprietary terminal and it turned out that it is not very convenient and has many issues. I then switched to MT4. On this terminal, trading is smoother with fewer issues.

I have been trading with AvaTrade for about six months. So far so good. I have not tried to withdraw funds yet, but the regulation of Ireland still inspires certain trust. I think I will have no problems withdrawing. Spreads are quite big, so the company is not good for pip trades. Like all traders, the main thing for me is the reliability of the broker. The accounts have floating spreads. Spreads can extend at night but within normal limits. I haven’t noticed any abnormal extensions yet. The broker is no worse and no better than others, as for me.

AvaTrade’s service is quite convenient and trading conditions are acceptable. The leverage of 1:400 is sufficient for me and there is a plus: high leverage can work for you although at times it is not to your advantage. The broker has no commissions - this is the company’s policy. The broker’s income comes only from the spread when buying and selling. They have good customer support and the company is well managed.

AvaTrade has licenses in the EU, on the Virgin Islands, and in Japan, which is an important factor for me. However, when asked about liquidity providers, the broker in non-responsive. They need to be more transparent regarding their handling of transfers. Most good brokers name liquidity providers so this is disappointing. As a result of this, I use this broker on a part-time basis and make trades with various other brokers. I keep my funds with the alternative brokers. AvaTrade has good execution, but spreads can be too wide which affects profits. I have not yet attempted a withdrawal but making a deposit was not easy. I would give the company a B-rating based on my experience.

I have been trying out this broker with a demo account for three months, after which I decided to replenish the deposit. The execution is very fast, I recorded the speed from 400ms to 850ms, and as for the news - no more than 1 second. They offer an updated version of MT4 which works very well and now you can see the ping indicators near the access point. I have been trading for about two years, and during this time there was only one technical failure (then there were losses). And special thank you for not attempting to charge fees for additional services.

I have been trading with AvaTrade for approximately 1 year. In principle, the first impressions are not bad. They offer an MT4 trading platform, which is an advantage. There were almost no requotes or slippages. It is important for me to easily scalp or trade in the medium term. The mobile version of the broker works very well, but the only thing is that in most cases, not all mobile devices support the platform. The broker also has a proprietary platform, but I would not recommend downloading it at all - it is not very convenient and freezes up.

I decided to try AvaTrade because I liked the fact that they send out messages at the start of trading. Analytics and market news are also beneficial, but not always: there is always some percentage of irrelevant information. A particularly good feature is the risk management program! In my experience, I have not seen a similar program offered by any other broker company. For me, this is a significant indication of a broker’s transparency (especially for a beginner this is important to look out for). Technical support works fast and efficiently which is great! I recommend starting here with a demo account, at least for a month.

2 3 >

Expert Review of AvaTrade

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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

9.2

Overall rating

9.2

/10

Execution of orders

9

/10

Investment instruments

8.8

/10

Withdrawal speed

9.2

/10

Customer Support work

9.4

/10

Variety of instruments

9.6

/10

Trading platform

Dynamics of the Popularity of AvaTrade
in 2019 among the Users of the Traders Union

Dynamics of the Popularity of AvaTrade in 2019 among the Users of the Traders Union

Investment Programs, Available Markets and Products of the Broker

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:

DupilTrade Platform

AvaTrade Review - DupilTrade Platform
AvaTrade Review - DupilTrade 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 DupilTrade 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 DupilTrade 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 DupilTrade and practice.

ZuluTrade Platform

AvaTrade Review - ZuluTrade Platform
AvaTrade Review - 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.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

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.

Rebate and Discount Programs of the Traders Union for AvaTrade

For each trade that you make with AvaTrade, regardless of its success, the Traders Union will return part of a spread or commission in the form of a rebate which a trader can withdraw without restrictions.

The process of working with the broker, depositing, and withdrawing funds does not change if you receive the Traders Union rebates. The only change you will see is your higher earnings with the Traders Union additional payments.

Information

The amount of payment from AvaTrade to the Traders Union is 10 US dollars per 1 lot. Customers of the Union receive 80% of this amount.

Example. You trade 1 lot per day. 1 lot for the pair of EUR / USD is 100,000 units of the base currency. The cost of an item for 1 lot is 10 US dollars. Spread is 2 pips. If you worked directly with AvaTrade, your spread costs per day would be 20 US dollars. The Traders Union receives 10 US dollars for 1 lot from the broker and 80% is transferred to the trader. The amount of compensation will be 10 * 0.8 = 8 US dollars. The real costs of the trader working with the Traders Union will be 12 US dollars.

Try it!  You’ll like this!

Trading Conditions for AvaTrade Users

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.

100$

Minimum
deposit

1:200 to 1:400

Leverage

24/5

Support

MT4 WebTrader
Zulu Trader
AvaTrader
Trading platform: MetaTrader 4, MetaTrader 5, Mirror Trader, ZuluTrade, AvaTrader, mobile and web versions of МТ
Accounts: Standard, Demo
Account currency: EUR, USD
Replenishment/Withdrawal: MasterCard, bank transfers, e-wallets
Minimum deposit: 100$
Leverage: 1:200 to 1:400
PAMM-accounts: No
Min Order: 0.01
Spread: From 0.9 to 3 p.
Instruments: Currency pairs, stocks, cryptocurrencies, indices, metals, commodities, CFDs
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

Comparison of AvaTrade with other Brokers

AvaTrade FxPro Admiral Markets UK XM Group FXTM
Trading
platform
MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MobileTrading, MT5, cTrader MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MT5, MobileTrading MT4, MT5, MobileTrading, WebTrader
Min deposit $100 $100 $200 $5 $1
Leverage From 1:200
to 1:400
From 1:1
to 1:500
From 1:25
to 1:500
From 1:1
to 1:888
From 1:1
to 1:1000
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 0 points From 1 point From 0 points From 1 point From 0 points
Level of margin call
/ stop out
25%  /  10% 25%  /  20% 100%  /  30% 50%  /  20% 40%  /  20%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution Marl
No deposit bonus No No No $30 No
Cent accounts Yes No No Yes Yes

Broker comparison table of trading instruments

AvaTrade FxPro Admiral Markets UK XM Group FXTM
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes No
Crypto Yes No Yes No Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes No Yes Yes Yes
ETF No No Yes No No
Options No No No No No

AvaTrade 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
AvaTrade $4 Low
FxPro $13.2 High
IG Markets $6 Medium
AvaTrade
$4
FxPro
$13.2
IG Markets
$6
Conclusion

AvaTrade trading accounts offer different commissions for customers working on different platforms, therefore, it is impossible to call the broker’s commission the most profitable. However, due to a large number of platforms, a customer can choose the option with the lowest commission.

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), FRSA (UAE), 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.

How to Start Making Profits — Guide for Traders

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.

Bonuses Paid by the Broker

Welcome bonus.

The broker offers its customers a one-time bonus upon first deposit.

Bonus for inviting a friend.

A trader can receive up to 400 US dollars for inviting friends. To redeem, simply submit the friend’s data (name, surname, trading account number). After the friend deposits to the confirmed account, the trader will receive a referral bonus, the amount of which depends on how much his friend has replenished the account.

Bonus program for VIP-customers.

To get a VIP-status, you need to replenish your account with an amount of 1,000 US dollars or more, after which you will get access to online lessons with a personal trading coach and additional training courses. Also, VIP-customers will have a personal manager who will help to understand the nuances of working at the market.

AvaTrade Review - Bonus program for VIP-customers
AvaTrade Review - Bonus program for VIP-customers

Bonus from Traders Union.

To receive a bonus from the Traders Union, you need to register on the Traders Union website, then follow the referral link at the broker's website and open an account with AvaTrade. After that, the Traders Union will pay a rebate for your transactions, regardless of their success. If you already have an open account with AvaTrade, click here to learn how to transfer or open an account again and receive an additional bonus for your trade.

Investment Education Online

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.

Security (Investors’ Protection)

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 United Arab Emirates FRSA.

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

Withdrawal Options and Fees

  • AvaTrade does not charge a commission for its services.

  • You can withdraw funds at AvaTrade using 5 electronic systems: PayPal, WebMoney, Neteller, Wire Transfer, Moneybookers, 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.

Customer Support Service

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

Registration address AvaTrade Financial Center, Five Lamps Place, Amiens St, Mountjoy, Dublin, D01 A7V2.
Official site
Contacts

Review of the Personal Cabinet of AvaTrade

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.

AvaTrade Review - Personal Cabinet
AvaTrade Review - Personal Cabinet
AvaTrade Review - Personal Cabinet
2

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

AvaTrade Review - Login to the Account
AvaTrade Review - Login to the Account
3

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

AvaTrade Review - Registration
AvaTrade Review - Registration
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.

AvaTrade Review - Personal Details
AvaTrade Review - Personal Details
5

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

AvaTrade Review - Additional Personal Details
AvaTrade Review - Additional Personal Details
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.

AvaTrade Review - Terms & Conditions
AvaTrade Review - Terms & Conditions
7

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

AvaTrade Review - Account Menu
AvaTrade Review - 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.

Tags:

avatrade ava trade AvaTrade ava trade ltd avatrade com

The Oldest Reviews of the AvaTrade

The reviews by customers of the AvaTrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of AvaTrade published on the website in 2020 are verified and confirmed by Traders Union as reliable comments by real traders.

It is not so easy for a beginner trader to find a broker with a normal spread. I was pleasantly surprised when I started trading with this company: their spreads are quite narrow; they can rise a little when trading on the news. Bonuses are 50% for a minimum deposit, servers work well and on quotes, you have a debugged filter system. AvaTrade is a reliable broker, the support service is decent, the analyst department consists of experienced traders. I have recently joined the company. I appreciated that no one is trying to impose unnecessary services. In general, I am satisfied.

AvaTrade provides quite reasonable spreads for the majors. I have a small trading deposit with this broker and work mainly on currency pairs. I cannot say anything about other tools, but currencies are doing quite well here. The withdrawal of funds is fast and I have not experienced any delays. I also tried precious metals - they are doing very well too. Spreads, of course, could be better, but trading and profit are absolutely possible. At least I didn’t notice any hindrance on the part of AvaTrade to my trading. Also, there were no special delays in the execution of orders.

My friend recommended that I tryAvaTrade and he is an experienced trader. At first, I worked with a manager, but now I have completely switched to independent trading. The manager left a positive impression but was never particularly encouraged bypassive earnings. In general, the impressions of AvaTrade are quite good, there are acceptable spreads and fairly quick withdrawals. Not a bad set of trading tools. Competent and prompt customer support. Sometimes there are slippages, although that is the nature of the Forex Market and with brokers in this market. In general, it is possible to make a profit with them and I do recommend this broker.

In my experience working with AvaTrade, I have found that the spreads are high, and they increase with market hype. If you enter a highly volatile market, the spread will behave like everywhere else, without any problems. Previously, I noticed cases of slippage of 2-3 points with AvaTrade. Back then I couldn’t prove my point to technical support. I have noticed an improvement recently and the slippage is gone. I hope for it to continue to improve in the future.

AvaTrade is a mid-level broker with the standard conditions found with most other brokers. They have a proprietary trading platform, but, in my opinion, it is somewhat incomplete. Order execution is tolerable, but spreads can suddenly extend. The technical support is good, the managers do their best to ensure that it is managed well. In general, if you work with several brokers, it is quite possible to include AvaTrade on your list as you can make money with them.

As this company commenced operations in 2006, 14 years is an excellent amount of time to know that is reliable and one of the best. It also means that you can work with AvaTrade without worrying about your funds and fully concentrate on trading. I worked with the company at one time and there was a situation when several transactions were opened on the news without a previously indicated price. Then I lost about $60. The amount is small, but still, it is not the thing you like. I contacted technical support regarding the situation and to my delight, this issue was resolved in my favor and they returned my money!

I am a long-term trader on the Forex Market and I will keep this brief. This is what you need to know about AvaTrade: there is a minimum deposit of $100, more than 250 assets for trading, about 10 cryptocurrencies (not bad!). The spreads are different, it happens that they can suddenly extend, but for my strategy,this is ok and works for me. There is also an analytics department and a transaction calculator, it is a good tool for optimizing swap losses. I certainly recommend a demo account for beginners. It is important to keep in mind the following: it is free for only 21 days. This, probably, may not be enough for most traders to try it out. As an experienced trader, the company suits me well.

Author of this Review

AvaTrade broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

Latest Forex Articles that may help you

Top 5 US Forex Brokers in 2020
For Beginners
Top 5 US Forex Brokers in 2020
Jack Moore - July 2020
What is Forex Trading? Your Guide to Start Earning
For Beginners
What is Forex Trading? Your Guide to Start Earning
John Mayer - August 2020
Best European Forex Brokers in 2020
For Beginners
Best European Forex Brokers in 2020
John Mayer - October 2020
Benefits of Working with the Traders Union
For Beginners
Benefits of Working with the Traders Union
Alexey Vrask - June 2020
5 Tips for Forex Trading Success
For Beginners
5 Tips for Forex Trading Success
Samuel Adamson - Jule 2020
How to Invest in Forex? A Beginner's Guide
For Beginners
How to Invest in Forex? A Beginner's Guide
Grant Adlington - August 2020
How to Open a Forex Demo Account for Free?
For Beginners
How to Open a Forex Demo Account for Free?
Grant Adlington - July 2020
How Much Does the Average Day Trader Make?
For Beginners
How Much Does the Average Day Trader Make?
David Butler - Jule 2020
Step-by-Step Guide on How to Open a Forex Account
For Beginners
Step-by-Step Guide on How to Open a Forex Account
John Mayer - September 2020
Forex Risks Investors Should Consider
For Beginners
Forex Risks Investors Should Consider
Daniel White - July 2020
Forex License Types - Best Forex Regulators
For Beginners
Forex License Types - Best Forex Regulators
Jack Moore - July 2020
Why Trade Forex: The Pros and Cons of Forex Trading
For Beginners
Why Trade Forex: The Pros and Cons of Forex Trading
Grant Adlington - August 2020
Best Investment Brokers in 2020
For Beginners
Best Investment Brokers in 2020
Grant Adlington - September 2020
PAMM Account Brokers in Forex 2020
For Beginners
PAMM Account Brokers in Forex 2020
Flynn Simpson - August 2020

FAQs

Do reviews by traders influence the AvaTrade rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about AvaTrade you need to go to the broker's profile.

How to leave a review about AvaTrade on the Traders Union website?

To leave a review about AvaTrade, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about AvaTrade on a non-Traders Union client?

Anyone can leave feedback about AvaTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with AvaTrade through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.