AvaTrade Review

By | March 20, 2021

About AvaTrade review: In this review of AvaTrade we will discuss, what is AvaTrade, account opening process, tools provided, fees and more.

What is AvaTrade ?

AvaTrade is a CFD and forex broker, which was founded in 2006. It is regulated by the Central Bank of Ireland. It has a long operating history which makes it safe for the customers.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

avatrade

Account opening

Account opening at AvaTrade is simple and fully digital. It requires very less time to verify your profile, which means you can start trading in a day.

What is the minimum deposit at AvaTrade ?

The required AvaTrade minimum deposit is $100. They have mentioned $500 as the minimum deposit, but when we asked them on live chat they mentioned the minimum deposit as $100.

Account Types 

The types of accounts available at AvaTrade are:

  • Retail account (EU) / Standard account (Rest of the world) – account is owned by an individual
  • Corporate account – account is owned by a legal entity
  • Options account – to trade FX options
  • Spread betting account – offered only in the UK and Ireland
  • Islamic account – swap-free account

Fees

AvaTrade has low CFD & average forex fees. 

AvaTrade fee snapshot 

Assets Fee Terms
S&P 500 CFDThe fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.
Europe 50 CFDThe fees are built into the spread, 2 points is the average spread cost during peak trading hours.
EURUSDThe fees are built into the spread, 0.9 pips is the average spread cost during peak trading hours.
Inactivity fee$50 per quarter after 3 months of inactivity; after 12 straight months of non-use, a further annual administration fee of $100 applies

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CFD Fees

AvaTrade CFD fees for a $2,000 long position held for one week

S&P 500 index CFD fee$1.1
Europe 50 index CFD fee$0.8
Apple CFD fee$9.0
Vodafone CFD fee$6.0

Forex Fees

AvaTrade forex benchmark fees of a $20,000 held for one week

EURUSD benchmark fee$10.3
GBPUSD benchmark fee$9.2
AUDUSD benchmark fee$10.0
EURCHF benchmark fee$10.2
EURGBP benchmark fee$12.1
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Trading Platform

Trading platforms provided by AvaTrade are highly customisable and has modern design. It is highly customizable and has good charting tools. AvaTarde provides three types of trading platforms. 

  1. Web Trading Platform

You can choose between these web trading platforms:

  • WebTrader, AvaTrade’s own trading platform
  • MetaTrader 4, a third-party trading platform
  • MetaTrader 5, a third-party trading platform
  • AvaOptions, AvaTrade’s own trading platform for CFD options

WebTrader platforms are available in 15 different languages. 

  1. Mobile Trading Platform

AvaTrade offers three trading platforms:

  • AvaTradeGO, AvaTrade’s own mobile trading platform
  • AvaOptions, AvaTrade’s own mobile trading platform for trading forex options
  • MetaTrader 4, a well-established third-party trading platform.
  1. Desktop Trading

For desktop trading, the client has options among MetaTrader4, MetaTrader5 & AvaOptions. AvaOptions is used only for forex trading.

Products Offered 

AvaTrade only focuses on trading in CFD and Forex. You can not trade other real time assets with Ava.

AvaTrade Product Portfolio

Currency pairs (#)55
Stock index CFDs (#)19
Stock CFDs (#)620
ETF CFDs (#)41
Commodity CFDs (#)17
Bond CFDs (#)2
Cryptos (#)13
avatrade

Research and Education

Ava Trade has good research tools. Its news feed and charting tools are amazing. They used to publish articles and blogs on a continuous basis. Brokers are available to help traders every time. They have good educational tools as well. The live webinars, video lectures and podcasts allow new learners to learn the fundamentals of the market. The video tutorials provide in depth and detailed knowledge of every topic related to the market. 

Pros Cons
Great web and mobile platformsHigh stock CFD fees
Advanced research and educational toolsHigh inactivity fees
Trading platform tutorialLimited product portfolio
Credit/Debit cards, electronic wallets are availableSlow withdrawal – over 3 days
Data on asset fundamentalsNo two-step (safer) login

Customer Support

You can contact AvaTrade via:

  • Live chat
  • Phone
  • Email

AvaTrade’s customer services are available in 9 multiple languages. Support is available only 24/5.


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Safety

AvaTrade is considered safe because it is regulated by the top tier institutions like;

  • the Central Bank of Ireland
  • the B.V.I Financial Services Commission on the British Virgin Islands
  • the Australian Securities and Investments Commission (ASIC)
  • the Financial Sector Conduct Authority (FSCA) in South Africa
  • the Japanese Financial Services Agency (FSA)
  • the Financial Futures Association of Japan (FFAJ)
  • the Abu Dhabi Global Market Authorities Financial Services Regulatory Authority (ADGM – FSRA)

AvaTrade clients are protected under scheme, which is as follows;

AvaTrade legal entities 

Country of clientsProtection AmountRegulator Legal Entity
EU €20,000Central Bank of IrelandAVA Trade EU Ltd
AustraliaNo protectionAustralian Securities and Investments Commission (ASIC)Ava Capital Markets Australia Pty Ltd
South AfricaNo protectionFinancial Sector Conduct Authority (FSCA) Ava Capital Markets Pty
JapanNo protectionJapanese Financial Services Agency (FSA), Financial Futures Association of Japan (FFAJ)Ava Trade Japan K.K., 
Middle EastNo protectionAbu Dhabi Global Market Authorities Financial Services Regulatory Authority (ADGM – FSRA)AvaTrade Middle East Ltd
International clientsNo protectionB.V.I Financial Services CommissionAVA Trade Ltd

The verdict 

AvaTrade is a good CFD broker. It is beneficial for those who are ready to take risks.  As mentioned earlier CFDs are highly complex instruments with 71% traders being at a loss while trading the same. Customers are protected under the protection scheme. Hence, before investing must check that you come under scheme or not. 

It provides a free demo account for lifetime, no withdrawal fee and inactivity fee kicks after 3 months. They charge a small minimum deposit. Have a limited product portfolio. 

But as you saw account verification is quick, with no withdrawal fee hence you can definitely give it a try. Account opening at Ava Trade is simple and fully digital. It requires very less time to verify your profile, which means you can start trading in a day.


FAQ’s

What are the available withdrawal methods?

Due to anti-money laundering regulations, withdrawals can only be sent via payment methods by which you funded your account with. Please note that you must withdraw up to 100% of your deposit to your credit/debit card, and only then you may withdraw by another method in your own name as you instruct.

How long does it take to receive my withdraw funds?

Withdrawals are typically processed and sent within 1 business day.

Once the withdrawal is approved and processed, it may take some additional days to receive the payment:

  • Credit/Debit Cards – up to 5 business days
  • e-wallets – 24 hours 
  • Wire transfers – up to 10 business days (depending on your county and Bank)

What is the minimum Balance on a Demo Account?

Demo Accounts are meant for traders to practice trading and get accustomed to the features on AvaTrade’s platforms before funding their account with real money.

For this reason AvaTrade’s policy is to provide only a standard Demo balance, set at $/€/£ 100,000, so to allow sufficient margin for practice.

Can I calculate my next position before opening it?

Yes, you can easily calculate any desired position before opening it.

For your convenience, we have the Trading Calculator, on which you can review the position’s details beforehand.

AvaTrade Review

9.3

Products offered

9.2/10

Fees

9.3/10

Trading Platform

9.3/10

Education Tools

9.2/10

Pros

  • Trading platform tutorial
  • Data on asset fundamentals

Cons

  • High stock CFD fees
  • High inactivity fees

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