About AvaTrade

AvaTrade is a credible broker that is considered a veteran in the trade industry and a significant player in this field. The brokerage company AvaTrade started its activities in the provision of online trading services in 2006.

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Its founders were Emanuel Kronitz and Negev Nosatzki. The improvement of online trading led to successful development; joint development of financial experts allowed traders to provide the most profitable products.

AvaTrade has delivers great trading options, a wide range of trading instruments, advanced trading platforms, as well as learning resources and good customer support services. The company has expanded its customer base to more than 20 thousand registered traders, who are expected to conduct more than 2 million transactions every month. According to the AVA Trade broker, his monthly trading volume exceeds $60 billion.

AvaTrade at a Glance

Broker

AvaTrade

Establishment Year:

2006

Regulators:

MiFID, ASIC, FSC, JFSA, IIROC

Account types

Standard, Retail, Professional, Options, Spread Betting, Islamic

Trading Platforms

Meta Trader, AvaTradeGO, Web, Mobile, Mac, Automated

Website Languages

29 different languages

Min Initial Deposit

$100

Min Trade

$1

Max Leverage

1:400

Margin Call/Stop Out Level:

25%/10 %

Trading Instruments

Over 60 currency pairs, cryptocurrencies, gold, metals, oil, energy products and other commodities, indices, bonds, stock, EFTs, Forex

Spread

From 0,8

Demo account

Yes

ECN/STP/NDD Accounts:

No/No/Yes

Payment Systems

AvaTrade Regulations and Licensing

The company was founded and registered in Ireland, licensed in the same country by the Central Bank of Ireland (No.C53877), and also has a MIFID license, which indicates compliance with the Markets in Financial Instruments Directive. It also has a registered group in Australia ASIC (registration number 406684), where it is regulated by the state commission on securities.

The company also has a license issued by the British Virgin Islands BVI FSC and a license of the Japan Futures Association JFSA. Since the company is regulated by several jurisdictions, this means that brokers can trust it more. AvaTrade is not regulated by the USA, so it does not accept users from the USA nor funds that originate from this country.

AvaTrade, however, has sales centers in Dublin, Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, China, Nigeria, Santiago, and Johannesburg and has customers from over 150 countries. Knowing that the company is well regulated and reputable is a first step in ensuring that your trading will be successful and with AvaTrade, you have all the chances for that.

What trading platforms can be used?

 

AvaTrade has advanced and most preferred platforms for you to choose based on your needs and preferences. Trading platforms and working conditions are customer-oriented, allowing you to choose the most comfortable working conditions.

With AvaTrade, you can pick Meta Trader 4 platform, Automated Trading, Mac and Web Trading. You can also trade on the web or download AvaTradeGO on your Apple or Android device, where you can manage several accounts at once. All platforms allow hedging, scaling, trailing stop as well as an ability to trade 24 hours a day and getting help from expert advisers.

Those traders who want to work on the most advanced and easily accessible MT4 platform have the opportunity to choose for themselves the type of work with fixed or floating spreads. MT4 allows you to simultaneously trade multiple products on one screen. Users have the opportunity to use analytical information presented in interactive charts and tables, download third-party advisors and use guardian angel feature for valuable trading feedback.

The Mobile Trading platform requires you to download an app (AvaTradeGO or MT4) will also allow you to trade with several MT4 accounts at once. The app is compatible with all devices that have Android or iOS operating system. The app can be downloaded for free and is very easy to use thanks to a user-friendly interface. Mobile Trading allows you to make strategic decisions no matter where you are.

If you decide to use a Web Trading platform, then you can benefit from an access to a great variety of analytical tools and overlays as well as instant trading with stop orders. The platform is compatible with a large number of browsers, does not require any downloads and has over 40 languages to choose from.

If you are using a Mac, you can trade via a special download or using Web Trading. An Automated Trading platform is also an option and will allow you to duplicate the strategies and actions of other traders who know what they are doing. These include MQL5 Signal Service, DupliTrade API Trading and ZuluTrade.

AvaTrade Types of Accounts Offered

 

 

To be able to participate in trading, a broker must first sign up for an account and then he will be able to trade without any complications. To open an account, you first need to click on Register now on the main page and then choose what type of account you want to open. With AvaTrade, you have the following options:

Demo Accountif you have no or little experience and knowledge in trading, you can first try your abilities and strategies using a demo account. During the 21 days of trial period, you will be able to learn the basic concepts of trading and how to complete a trade with assistance of AvaTrade support team. Moreover, you will also do all these actions without risking losing any of your money because you will be provided with an alternative to actual funds in the amount of $100,000.

Islamic AccountAvaTrade made sure that even people of Islamic religion could trade in compliance with the Sharia Law. Although some transaction and cryptocurrencies will not be available on this account, it is not subjected to any special fees or interest, which is prohibited by the Sharia Law. This account allows to trade foreign exchange, commodities, shares, bonds, ETFs, currency options and more.

You will also be able to trade gold and silver according to the Sharia rules as well as participate in oil trading without accumulating positive or negative swaps (special fees for leaving positions opened for more than 24 hours). AvaTrade also replace swap fees with administration fees to make Forex trading compliant with Islamic faith.

Standard Accountthis account is suitable for both new and experienced users. Using this account, you will be able to trade with many trading instruments such as different currencies, stocks, indices, shares, etc. This account is also compatible with several trading platforms, including automated platforms and platforms for different devices. It also has competitive spreads offering and leveraged trading of up to 30:1.

Professional Accountexperienced traders can go a step further and get a professional account, which has several advantages. You will be able to benefit from Pre-ESMA leverage. This includes leverages such 400:1 on Forex pairs and 25:1 on selected cryptocurrencies.

To become Professional on AvaTrade, you will need to meet two out of three of the following requirements:

  1. Adequate trading activity in the last year – an average of 10 significant in size transaction per quarter in the last four quarters.

  2. Experience in the financial services sector – a previous or current professional positions in financial sector for 1 or more years.

  3. Financial instrument portfolio of over €500,000 – if you have €500,000 in shares, derivatives (only cash deposits made to fund/profits realized from investing in derivatives), debt instruments and cash deposits.

Spread Betting Account – available for UK and Ireland traders who want to try their skills in this sphere and earn money this way. They will have a wide choice of investment products to choose from.

Next, you will be prompted to give your name and email address. You can choose to connect the new account to any of your other accounts or make an individual account. After creating your account, your next step will be to enter required information in the registration form and confirm your account.

To be able to start trading, you will need to make your first deposit and proceed from there. Bonuses and various special offers are available for people who just signed up, which can include specific amount bonuses or percentage bonuses (up to 100%) that depend on how much you initially deposit. If you successfully refer someone and s/he starts to trade on AvaTrade, then you can also get a referral bonus.

AvaTrade Instruments

AvaTrade offers a wide range of trading instruments and assets that you can trade from over 150 countries around the world. You can choose any from the following:

  • Forex Trading you will find over 60 currency pairs to trade with 24/7. The currencies including many major ones and some minors, including those that are relatively unusual.

  • Cryptocurrencyalthough cryptocurrencies are not printed or otherwise physically made (other than collectible coins), you can make good profit on them. AvaTrade offers a good leverage (2:1 or 20:1 depending on your account) on cryptocurrencies. You can choose from Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin and Ripple and speculate on this relatively new trading instrument.

  • Contracts for Difference (CFD) Trading – you will benefit from average to competitive spreads and high leverages when trading these assets. CFDS include Indices, Bonds, Stocks, ETFs & Commodities (soft commodities: coffee, corn, wheat, etc. and hard commodities: oil, gold, silver, diamonds, precious metals, etc.). A total of 171 CFDs are offered on AvaTrade.

They allow to speculate on the price of the asset without actually owning it and earn high profits. However, one should be aware that these instruments are not for beginners and there is a high risk of losing the funds, especially when you do not understand how CFDs work.

AvaTrade Leverages:

 

Ava Trade EU Ltd

Ava Trade Ltd

Trading products

FX, CFDs, FX Options, Spread Betting

FX, CFDs, FX Options

Forex

30:1

400:1

Indices

20:1

400:1

Commodities

10:1

200:1

Equities/ETFs

5:1

20:1

Cryptocurrencies

2:1

20:1

Deposits and Withdrawals

Deposits and withdrawals are simple to complete and can be done using a bank wire transfer, credit card (VISA, MasterCard, debit), e-payment (Paypal, Skrill, NETELLER, WebMoney, etc.). Since AvaTrade is not regulated in the United States of America, you will not be able to deposit funds that originate from within the USA. There are no deposit/withdrawal fees for fund transfers via credit card, bank wire transfer and e-payment (only for AvaTrade Ltd.).

The minimum initial/minimum deposit for a credit card/e-payment is $100 for USD account, €100 for EUR account and if you are an Australian or UK customer, £100 for GBP account and $100 for AUD account. The minimum deposit via wire transfer is $500 for USD account, €500 for EUR account and if you are an Australian or UK customer, £500 for GBP account and $500 for AUD account.

The processing is done instantly, but bank transfers may take 3 to 5 days. Withdrawals are done using the same methods. There is no fee for withdrawal, but just a minimum amount. Once you set up everything properly, the withdrawal request will be processed within 5 business days. Ava Debit Mastercard allows for a quickest withdrawal. You can apply for Ava Debit Mastercard right after you create an account.

AvaTrade Fees

All the advanced and professional tools are available at no additional cost to the traders. All they will have to pay are the spreads for trading, which is a difference between the buying and selling price of whatever instrument they are trading. This makes trading on AvaTrade very attractive. Below are spread and leverage numbers for popular Fx Pairs on AvaTrade:

If you will keep your positions opened for more than 24 hours, then you will also incur SWAP fees, which is an overnight premium charge, when trading CFDs. You can also be charged an inactivity fee when you will not be using your account for 3 consecutive months. Inactivity fees, as of today, are equal to $50 on USD account, €50 on EUR account and £50 on GBP account.

If you will not be using your account for twelve consecutive months, then you will incur inactivity fee equal to $100 on USD account, €100 on EUR account and £100 on GBP account. Inactivity fees are charge for maintaining the service available for you at any time you decide to use it. Other potential charges include maturity rollover and overnight interest.

AvaTrade Website and Customer Service

AvaTrade has a 256-bit SSL encryption across its website to keep off hackers, so you can safely complete all the actions on its website. The website is very user-friendly, and traders can locate necessary information intuitively. Nonetheless, some key information, such as some spreads and fees are not easily found.

FAQ page on the official website is very comprehensive and has answers to many questions, including technical issues, trading and platform, compliance and verification, account details, funds, as well as general information.

Customer support is available in many languages, so anyone can conveniently get help via live chat, online form, email, social media, fax or phone (several countries).

Customer support representatives not only answer in several languages but also do it promptly and informatively no matter which contact method you use.

AvaTrade Security

Since AvaTrade has to comply with regulations of several authorities the way it manages client funds, security, and financial reporting is well controlled. The company uses high technology software that keeps off credit card and debit card fraudsters and a 256-bit SSL encryption across its website to keep off hackers.

If you use MetaTrade, you can take advantage of One Time Passwords (OTP) to further improve the security of your account. Your account will be protected up to €20,000 through Ireland’s Investor Compensation Company (ICCL). If you are based in Australia, your funds will only be protected by the Australian legal system.

If you live in South Africa, Financial Services Board (FSB) will ensure that traders are treated fairly. Financial Services Agency (FSA) will protect Japan traders. There is also a negative balance protection, so you will never be in debt to AvaTrade.

AvaTrade Awards

AvaTrade proved its great performance and reliability by winning numerous awards since 2009. This company made a remarkable progress in advancing, developing and becoming a choice of many new and experienced traders.

AvaTrade awards and achievements include: “Best Customer Support”, “Excellence Award Forex”, “Best Financial Derivative Trading Provider”, “Best Trading Platform – Global”, “Best Affiliate Programme”, “Best Alert System”, “Best Forex Broker” and more.

Education Resources on AvaTrade

With various free educational tools and resources, traders can master trading skills and gain more confidence in every step they make. AvaTrade has trading guides for beginners, eBook, tutorials, marketing analysis as well as an educational website with articles, news, videos, trading tools and much more.

The tutorials are divided into sections for beginners, intermediate users, and also has more advanced topics, so one can advance from one level to the next or choose the level that suits his needs/knowledge the best. In partnership with Manchester City Football Club, a free trading coaching course is also available.

AvaTrade Advantages and Disadvantages

Among the advantages that the company offers are:

  • Regulated on all five continents

  • An ability to trade with Forex, CFD, trading indices, cryptocurrencies, commodities and more 24 hours a day

  • Scalping and hedging

  • One can use automatic systems, graphs, indicators and expert advisers

  • For people of Islamic religion, there is a special service - swap free

  • The company offers an opportunity to trade on the Meta Trader 4 as well as Mobile, Web, Mac and Automated Trading

  • AvaTrade offers its clients education resources

  • Favorable offers and bonuses for VIP-status holders and newcomers

  • 24-hour support in more than 25 languages

  • Large selection of deposit and withdrawal methods

  • Partnership opportunities

  • High technology software that keeps off credit card and debit card fraudsters and a 256-bit SSL encryption across its website to keep off hackers

One of the AvaTrades disadvantages is that the spreads for some pairs are higher than that of other brokers, which makes it harder to make profit. If you are a retail trader, the spreads will also be higher than that of professional accounts. Floating spread and spreads for Islamic accounts are not easily located.

AvaTrade also does not offer Metatrader 5 at this time and no plans to add it in near time. Most platforms do not have news and research functionality for more comprehensive trading decisions, although these tools are available separately. Bank transfer and credit card transaction fees are mention only in legal documents.

Conclusion

This company has a great variety of trading instruments as well as trading platforms to choose from. You can trade on the go with mobile platforms or choose a desktop version. Windows, Mac, Android, and iOS operating systems are all supported. AvaTrade also supports over 25 languages and is regulated by authorities of several countries.

AvaTrade is a great choice for new and undercapitalized traders who want to make some profit and learn new skills. It not only has a low minimum deposit and lot amounts, but also has some of the best educational resources and average to competitive spreads that make it easier to make profit.

Since AvaTrade does not have the newest platforms that have more advanced features, news and research that make trading simpler and help to make smarter decisions, professional and experienced traders might want to search for other options.