71% of retail investor accounts lose money when trading CFDs with this provider.
AvaTrade Review 2024
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
- $100
- MT4
- WebTrader
- Zulu Trader
- Mirror Trader
- AvaTrader
- Mobile Apps
- CBI
- ASIC
- FSCA
- FSA
- FFAJ
- BVI FSC
- 2006
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
- $100
- MT4
- WebTrader
- Zulu Trader
- Mirror Trader
- AvaTrader
- Mobile Apps
- CBI
- ASIC
- FSCA
- FSA
- FFAJ
- BVI FSC
- 2006
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 a reliable broker with the TU Overall Score of 7.16 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.
- 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.
- the site interface is not user-friendly;
- customer service efficiency and response time
- trading terminals are prone to occasionally freeze.
TU Expert Advice
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.
- 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.
- 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 $100. Many parameters are hidden from unregistered users, including trading fees.
AvaTrade Summary
Your capital is at risk. 71% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4, MetaTrader 5, Mirror Trader, ZuluTrade, AvaTrader, mobile and web versions of МТ |
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📊 Accounts: | Standard, Demo |
💰 Account currency: | AUD, JPY, GBP, USD, EUR, CHF |
💵 Replenishment / Withdrawal: | MasterCard, bank transfers, e-wallets |
🚀 Minimum deposit: | 100$ |
⚖️ 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
Share your experience
- Best
- Last
- Oldest
Good company
No weakness
Good customer service
Did not find it possible to contact the manager by phone
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.
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.
If you have an open account, you need to enter your e-mail address and password.
Unregistered users should click the Registration button - then a window for entering the necessary data will appear.
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.
Here you also need to specify your financial data, choose a trading terminal, and the base currency of the account.
The last step is to read and accept the Terms and Conditions and confirm the registration, after which you will get into your account.
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:
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Forex;
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CFD;
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cryptocurrencies;
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platforms;
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trading;
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education.
The block of information about the brokerage company is also here.
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.
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
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
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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 | |
|
$1 | |
|
$8.5 |
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.
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
Deposit and Withdrawal
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AvaTrade does not charge a commission for its services.
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You can withdraw funds at AvaTrade using 5 electronic systems: PayPal, WebMoney, Neteller, Wire Transfer, Skrill, as well as MasterCard and Visa credit cards.
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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.
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To withdraw you need to hold verified membership and make a minimum deposit of 100 US dollars.
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.
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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.
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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.
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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.
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The convenience of use. A user-friendly interface facilitates the process of managing your account.
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Mobility. You can use ZuluTrade not only from a computer but also from a tablet or mobile device.
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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.
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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.
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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.
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Investment manager. For managing multiple accounts at the same time, the partner receives a reward and part of their income.
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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.
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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.
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:
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email;
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a phone call to any of the numbers indicated at the site;
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a message to the online chat at the broker’s site;
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filling out a form for a callback at the site.
Contacts
Foundation date | 2006 |
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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
|
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.
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 | Pocket Option | Exness | Vantage Markets | Tickmill | |
Trading platform |
MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, WebTrader, Mobile Apps | MT4, MT5, Tickmill Mobile App |
Min deposit | $100 | $10 | $5 | $10 | $50 | $100 |
Leverage |
From 1:200 to 1:400 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.9 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
Level of margin call / stop out |
25% / 10% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 30% |
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 | $30 |
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:
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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.
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:
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.
User Satisfaction