AvaTrade India Review 2024 - TU expert opinion
Is the Forex market legit in India?
Forex trading is legal in India. Anybody can become a trader. However, there are important nuances to consider. In particular, you can trade in the financial market in India only with a regulated broker. The Securities and Exchange Board of India (SEBI) is the financial regulatory body of the country. Legal brokers offer access to trading currency pairs and Forex options. Under the SEBI rules, the following currency pairs can be traded in India:
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EUR/INR
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GBP/INR
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JPY/INR
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USD/INR
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EUR/USD
Other currency pairs and also CFDs are officially prohibited in India. Therefore, such instruments can be found only at offshore brokers. However, trading with offshore brokers could lead to big issues with the tax authorities.
How to Trade Forex in India
In order to trade on Forex in India, you are not required to obtain some special status. You need to choose a broker, visit its website and register. Verification of trading accounts is mandatory for traders from India. After that, you can fund your account and start trading.
Our Evaluation of AvaTrade
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
AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 8.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully 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.
Detailed Review of AvaTrade in India
AvaTrade is a good choice for traders from India. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
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:
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a wide range of trading instruments - more than 250 assets;
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customer service that speaks 14 languages, available 24 hours 5 days a week;
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accreditation from 7 regulatory authorities from five continents;
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the company's monthly turnover is more than 60 billion US dollars;
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the company’s experience is 14 years of work at the financial services market;
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more than 200 thousand customers worldwide;
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since 2009 the broker has received 9 awards for the quality of services provided.
Advantages of AvaTrade for trading in India
Traders Union analysts conducted a detailed analysis of AvaTrade for traders from India. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
availability of special accounts forIslamic traders;
large choice of trading platforms, mobile trading;
permission to use advisers, indicators, charts, and other instruments for automated trading;
Training section: Educational platform, tutorial videos, analytical materials and webinars for traders;
provides support by qualified experts 5 days a week at any time of the day;
high level of protection for customer funds stored at segregated accounts;
high level of accreditation. Licenses from the leading regulators across 5 continents.
Analysis of the Main Features of AvaTrade in India
Traders Union analysts analyzed the key features of AvaTrade for traders from India. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for AvaTrade traders from India
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of AvaTrade trading conditions for traders from India. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
MetaTrader 4, MetaTrader 5, Mirror Trader, ZuluTrade, AvaTrader, mobile and web versions of МТ
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📊 Accounts: |
Standard, Demo
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💰 Account currency: |
AUD, JPY, GBP, USD, EUR, CHF
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💵 Replenishment / Withdrawal: |
MasterCard, bank transfers, e-wallets
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🚀 Minimum deposit: |
100$
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⚖️ Leverage: |
1:30 to 1:400
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💼 PAMM-accounts: |
No
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📈️ Min Order: |
0.01
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💱 Spread: |
From 0.9 to 3 p.
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🔧 Instruments: |
Forex pairs, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options and ETFs
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💹 Margin Call / Stop Out: |
25% / 10%
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🏛 Liquidity provider: |
Currenex
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📱 Mobile trading: |
Yes
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
Instant Execution
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⭐ Trading features: |
Cryptocurrencies and CFDs trading; Islamic accounts.
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🎁 Contests and bonuses: |
Yes
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AvaTrade Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by AvaTrade for traders from India. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
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.
FAQs
Is AvaTrade legal in India?
Yes. AvaTrade operates legally in India. The broker holds the necessary licenses.
Can you learn trading with AvaTrade? Does the broker offer courses for traders from India?
Yes, AvaTrade offers good trading courses and a lot of educational information for clients from India.
Can AvaTrade be trusted? Has the broker been operating in India long?
AvaTrade has been operating in India quite long and has a good reputation. Therefore, traders can work with AvaTrade.
Is AvaTrade suitable for novice traders from India?
Yes. AvaTrade offers optimal trading conditions and good education for beginners from India.
How efficient is AvaTrade customer support in India?
AvaTrade offers a sufficient number of ways to contact customer support in India, and also provides support in the state language.
Has AvaTrade had any incidents involving theft of funds of clients from India?
No. AvaTrade provides reliable security of funds of clients from India.
Will I be able to file a lawsuit in India if AvaTrade violates my rights?
Yes. If AvaTrade violates your rights, you can file a complaint with the regulator of India, and then with a court.
Can AvaTrade clients from India use the broker’s mobile app?
Yes. The mobile app of AvaTrade is available for the clients from India.
Does AvaTrade provide India market analysis?
Analysis of India is featured in the information provided by AvaTrade.
How can I withdraw funds from my account at AvaTrade in India?
AvaTrade supports bank transfers and debit/credit cards of the banks operating in India.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.