AvaTrade Guide â€“ Read our In-Depth AvaTrade Review
This AvaTrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this AvaTrade review does not apply to US users.
If you are a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of broker as you continue trading. For starters, you have to select the right agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program will generate hefty returns. AvaTrade is one such stage which will take you and your investment to great heights. It's important to understand all about AvaTrade before you trust them with your money.
Our entire AvaTrade Review covers everything you will need to know about trading with AvaTrade. A good broker can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your broker before you choose them. It is a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
AvaTrade is a broker that has found its way successfully into the broker world. Within this review, we have tried to collate some of the important aspects of AvaTrade. This review can help you to understand whether AvaTrade is a good match for your investments or not. We've tried to breakdown all the features and charges for your advantage.
AvaTrade Review, Table Of Contents
- Who are AvaTrade?
- Benefits Of Trading With AvaTrade
- Everything you should know about trading with AvaTrade
- Is AvaTrade Safe To Trade With?
- Pro's & Con's Of Trading With AvaTrade?
- Compare Brokers Similar To AvaTrade
- Regulation And Licencing In More Detail
- AvaTrade Awards
- Minimum Deposit Required For A Live Account With AvaTrade
- AvaTrade Commission And Fees Explained
- Compare broker fees against AvaTrade
- AvaTrade Withdrawal Fees Explained
- AvaTrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With AvaTrade?
- Alternatives To AvaTrade
- Frequently Asked Questions About AvaTrade
Who are AvaTrade?
AvaTrade is a foreign exchange broker headquartered in The British Virgin Islands and provides a range of tools for online trading. Since its establishment in 2006, AvaTrade has emerged as a top-tier player in the industry of online broker. AvaTrade includes a highly competitive and full-featured trading site that's focused on currency, indices, metals, shares, commodities.
Over the past 15 years, AvaTrade has grown into one of the leading online brokers.
After establishing in 2006, their customer base has become as big as 200,000+ clients.
AvaTrade is the favorite of many traders.. Our AvaTrade review found that they are an superb choice for automated trading solutions. They're most appropriate for investors that are looking for a variety of assets. Social and automated trading solutions are the heart at AvaTrade.
Technology plays a significant role at AvaTrade. AvaTrade features trading on MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps. AvaTrade is fair, transparent, and a well-regulated agent by the Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The educational department at AvaTrade is very insightful for new dealers as it allows them to have a closer look in the financial markets. AvaTrade caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
If you feel that AvaTrade is not right for you then at the bottom of this AvaTrade review you wil find a lot of alternatives to AvaTrade.
What you ought to know about trading using AvaTrade
AvaTrade is a lively platform that offers various procedures of trading. These tools cover the monetary markets considerably. The Majority of the broker platforms provide fewer procedures than AvaTrade
If you wish to exchange with AvaTrade, you will require a minimum deposit of $250. This deposit is required if you would like to begin trading with AvaTrade. This 2021 AvaTrade review will guide you clearly about trading with them.
AvaTrade is as versatile as another brokerage platform. AvaTrade is excellent for traders who want a manageable variety of cheap services. The programs provided by AvaTrade are third party, white-label offerings. All traders may pick out of MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps.
Along with everything, AvaTrade has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept open. The agents provide premium customer service that rewards customers with advantages.
Many unprofessional brokers try to pressurise consumers into bigger financing for superior services. AvaTrade, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will become available.
AvaTrade accounts are available globally and provides excellent service everywhere they have clients. There are some select few countries where AvaTrade accounts are not available. Traders in the following countries cannot open or use a AvaTrade account:
Is AvaTrade Safe To Trade With?
Launched in 2006, AvaTrade has been operating for 15 years, they have a head office in The British Virgin Islands.
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI). These figures have rules that make sure that trading platforms have steps in place to keep investor's resources procured. This usually means that AvaTrade users don't need to worry about their money as it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information also.
You can make use of an option for Two Factor Authentications (2FA) with AvaTrade for increased security. An SMS for the verification code will be sent to your mobile phone. You will be required to enter this code to log in to your accounts.
Another concern with financial brokers is in regards to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With AvaTrade
Every online trading platform has some ups and downs, and no AvaTrade review would be complete without showing both sides. This AvaTrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- AvaTrade is trusted by 200,000+ clients
- AvaTrade doesn't charge withdrawal fees
- AvaTrade doesn't charge inactivity fees
- AvaTrade doesn't charge deposit fees
- AvaTrade doesn't charge CFD fees
- AvaTrade offer trading on MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
- AvaTrade offer 250 trading instruments
- AvaTrade trades major forex pairs
- AvaTrade trades minor forex pairs
- AvaTrade trades exotic forex pairs
- AvaTrade offers trading on cryptocurrencies
- AvaTrade can communicate in English, Italian, German, French, Greek, and Hebrew
- AvaTrade does not offer Negative Balance Protection
- AvaTrade does not offer Guaranteed Stop Loss
AvaTrade Review - Compare Brokers Similar To AvaTrade
|Headquarters||The British Virgin Islands||USA||Cyprus||STOCKHOLM|
|Regulated By||Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)||Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA)||Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Unregulated|
|Find Out More|
|Risk Warning||79% of retail investor accounts lose money when trading CFDs with this provider||Your capital is at risk||84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.||Your capital is at risk|
AvaTrade Review - Regulation And Licencing In More Detail
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
AvaTrade, as a business, has a powerful collection of rules for ensuring honest trading on its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
AvaTrade Review - Awards
- At the time of writing this AvaTrade review, they had not received any awards.
AvaTrade Review - Minimum Deposit Required
The minimum deposit that you need to begin on AvaTrade is $250. This is a decent amount for people just starting out. It's possible to make more advanced residue as you go along. However, make certain you know how to make the most of your money before investing larger amounts.
AvaTrade Review - Commission And Fees Explained
AvaTrade is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, AvaTrade does not charge high fees compared to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
But, non-trading fees charged by AvaTrade are comparatively greater. As a result, you are charged more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of resources.
This AvaTrade review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against AvaTrade
AvaTrade Review - Withdrawal Fees ExplainedAvaTrade doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from the AvaTrade account. You can withdraw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't always need to have any cash in your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money is going to be sent into the card. AvaTrade will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to draw in.
AvaTrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your head while open an account with AvaTrade. An inactivity fee is an amount charged to registered dealers who haven't engaged in purchasing or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from one broker to another and isn't standardized. If a dealers account doesn't have a purchasing or selling transaction, it's maintained by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms they had agreed while registering.
AvaTrade doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are indicated by AvaTrade, it's better for you to close the account if you are inactive. Inactivity fees aren't only charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is exposed to many conditions and should be disclosed clearly by the agent beforehand.
AvaTrade Review - Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers don't charge an excessive amount of money for this particular operation.
AvaTrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the AvaTrade trading platform is easy. You just have to complete a single-user profile survey to start depositing money into your trading account. You will have to provide an identity evidence and evidence of residency to deposit large amounts.
AvaTrade Review - Compare Broker Deposit Methods
What Can You trade With AvaTrade?
Note: AvaTrade provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different depending on the country of residence of the client.
AvaTrade has a wide variety of over 250 instruments available for you to trade with.
If trading forex pairs is of interest to you then AvaTrade offer over 80 forex pairs.
Compare AvaTrade, WeBull, Markets.com & AB Forex below.
Alternatives To AvaTrade
If, after reading this AvaTrade review, AvaTrade does not quite meet your requirements check out these AvaTrade alternatives.
We've scoured the web to find the best alternatives to AvaTrade. Click the hyperlinks below to learn more.
Frequently Asked Questions about AvaTrade
Can I try AvaTrade before I buy?
Yes, you can most certainly try AvaTrade before you buy. AvaTrade offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on AvaTrade, you will set out with a decent amount of virtual money. It's to establish a feeling of security and confidence in you until you choose to spend your own money.
With this virtual AvaTradedemo account, you are able to experiment at all, to whatever period you wish. You might even open positions, examine different trading approaches, and much more.
AvaTrade specifies on its official site that you are able to exchange real time stocks with your demo account.
Is AvaTrade safe?
It is possible to drop all your worries since we believe that AvaTrade is completely safe to use. It is in compliance with the principles of Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Nevertheless, AvaTrade doesn't provide assured stop-loss protection.
Why does AvaTrade ask for my passport?
The reason that AvaTrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, AvaTrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, AvaTrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with AvaTrade?
The process to start trading withAvaTrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the AvaTrade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with AvaTrade is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with AvaTrade.
The best way to kickstart your trading career with AvaTrade is to open a demo account facility before risking any real money
What funding methods do AvaTrade accept?
There are multiple ways to fund your account with AvaTrade. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal isn't available in every country. The monies AvaTrade
Is my money safe with AvaTrade?
Yes, your money is safe and secure with AvaTrade. As you already know, AvaTrade operates with good conformation to. It has established plenty of measures to protect all of its investors.
AvaTrade protects its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, you can enable Two-Step Verification as well. It takes an SMS affirmation that you access your account.
Is AvaTrade trading good?
Yes, trading through AvaTrade is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you could also obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does AvaTrade support?
AvaTrade operates across the world. However, due to regulations there are some countries that AvaTrade can't accept clients from
Is AvaTrade legit?
AvaTrade is a legit company headquarted in The British Virgin Islands since 2006. They are regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI). AvaTrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is AvaTrade a good broker?
AvaTrade is a great broker, and its own users may vouch for it. The highlight of the platform is its fast order execution on transactions.
You'll find the clean design of the platform along with the admirable features a pleasure to work with.
Is AvaTrade a trustworthy broker?
Yes, AvaTrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 200,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for AvaTrade?
The minimum deposit to open a live account with AvaTrade is $250
How long do AvaTrade withdrawals take?
Normally, withdrawal of money from AvaTrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from AvaTrade to show in your bank account.
Are AvaTrade regulated?
AvaTrade are regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
Is AvaTrade a market leading broker?
AvaTrade is indisputably one of the industry leaders. It has over 200,000+ registered customers and over 15 years of experience on its record. They are one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide range of tools plus resources so that you can invest in capital markets.
Is AvaTrade a con?
No, AvaTrade is not a con. They are regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) and must adhere to their rules. Thus, it is safe to say that AvaTrade is not a scam.
Can you make money with AvaTrade?
Using AvaTrade, many traders earn a lot of cash. But typically, through continual trading, you can make between 2% - 10% profit a month.
This can look like a small number, but over the entire year, this adds to a substantial amount of gains. Even though AvaTrade provide you all the tools to earn money, they cannot guarantee that you will profit.
Does AvaTrade have fees?
Yes. To start trading using AvaTrade, you have to deposit $250. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was AvaTrade founded?
AvaTrade was founded in 2006 in The British Virgin Islands. AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
How many people use AvaTrade?
AvaTrade is a globally recognised agent with 200,000+ clients.
Where is the AvaTrade head office?
AvaTrade has its head office in The British Virgin Islands
Does AvaTrade offer negative balance protection?
No. AvaTrade does not offer negative balance protection. If your balance is negative, AvaTrade suggests you contact customer services. With this, you are able to fix any imbalances within your own account.
Does AvaTrade offer guaranteed stop loss?AvaTrade regrettably, doesn't offer guaranteed stop loss. AvaTrade gives an opportunity for its dealers to close their trade in their specified price. Aside from that, AvaTrade doesn't offer guaranteed stop loss.
Does AvaTrade allow scalping?Yes, AvaTrade do allow scalping. Several traders throughout the world choose AvaTrade for their services that are trading. They offer trading on MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps which let this.
Does AvaTrade allow hedging?
Yes, AvaTrade does allow hedging.
Can you trade energies with AvaTrade?
Yes, you can trade energy stocks with AvaTrade
Can you trade agricultural shares with AvaTrade?
Yes, you can trade agricultural stocks with AvaTrade
Can you trade cryptocurrency with AvaTrade?
Yes, you can trade cryptocurrency with AvaTrade
Can you trade metals with AvaTrade?
Yes, you can trade metals with AvaTrade
Can you trade UK Shares with AvaTrade?
Yes, you can trade UK shares with AvaTrade
Can you trade US Shares with AvaTrade?
Yes, you can trade US shares with AvaTrade
Can you trade Japanese Shares with AvaTrade?
Yes, you can trade Japanese shares with AvaTrade
Can you trade German Shares with AvaTrade?
Yes, you can trade German shares with AvaTrade
Does AvaTrade accept bank transfers?
Yes, AvaTrade accepts bank transfers for depositing money.
Does AvaTrade accept credit cards?
Yes, AvaTrade accepts credit cards for depositing money.
Does AvaTrade accept PayPal?
Yes, AvaTrade accepts PayPal for depositing money.
Does AvaTrade accept Skrill?
No, AvaTrade does not accept Skrill.
Does AvaTrade accept Payoneer?
Yes, AvaTrade accepts Payoneer for depositing money.
Does AvaTrade accept Neteller?
Yes, AvaTrade accepts Neteller for depositing money.
Does AvaTrade offer Live Chat customer support?
Yes, AvaTrade offers customer support through live chat.
Does AvaTrade offer phone customer support?
Yes, AvaTrade offers customer support over the telephone.
Does AvaTrade offer email customer support?
Yes, AvaTrade offers customer support through email.
What languages can AvaTrade communicate in?
AvaTrade has the ability to communicate and support customers who speak: English, Italian, German, French, Greek, and Hebrew
Does AvaTrade have a wikipedia page?
No, AvaTrade does not have an official wikipedia page.
Does AvaTrade offer demo accounts?
Yes, AvaTrade offers demo accounts so you can learn their systems before risking any real money.