|(4.8 / 5)||6 different Regulations||0.8 Pips||400+||100$|
If you are looking for a real experience with AvaTrade, then you have come to the right place. In the following sections, I will give you a detailed overview of the Forex Broker and share my test results with you. Learn more about the trading conditions, the company as well as deposits and withdrawals. Is it really worth to invest your money there? – Find it out now.
What is AvaTrade? – The Forex Broker presented
AvaTrade is an international provider for trading Forex (currencies) and CFDs (difference contracts). The company was founded in Ireland in 2006 and has since received a number of awards. AvaTrade has several branches on every continent. The company is also regulated internationally on a number of occasions. Also, the broker is a sponsor of Manchester City which shows me seriousness.
Customer service and fairness are AvaTrade’s top priorities. You can trade a wide variety of assets with a small capital at low fees. The capital is kept on separate accounts. The broker scores with me with a good complete package for beginners as well as for advanced.
Facts about AvaTrade:
- Founded in 2006
- Sponsor of Manchester City
- International branches
- Customer support in different languages
Is AvaTrade regulated? – Safety of customer funds
Good online investments require regulation and safety for customers. Nowadays on the internet, you will find scam companies which are unregulated. Before you invest your money you should look after the official regulation of the broker. The most Forex Brokers show their licenses directly on the main homepage. In the case of a regulated Forex Broker, fraud cannot happen. Otherwise, the company would lose the license.
AvaTrade is an international Forex Broker and is more than 6 times regulated. The company got global offices and branches. AvaTrade seems to me like a very serious Forex Broker, because of the regulation and the sponsorship of Manchester City. Your money and account should be safe.
The company is regulated by:
- IIROC (Canada)
- Central Bank of Ireland
- FSA and FFAJ (Japan)
- ASIC (Australia)
- FSCA (South Africa)
- BVI (British Virgin Islands)
Is there negative balance protection?
No matter which regulator you will choose, your account is protected by negative balance protection. Forex and CFD are trading with leveraged financial products. The broker will automatically stop you out by a margin limit. Your account balance will not become negative.
Review of the AvaTrade conditions for Traders
A total of more than 400+ different assets and markets are offered for trading. The Forex Broker also offers various account models. Choose between a fixed spread account or a variable spread account. Live account opening is possible from as little as 100$ and you can also create a free demo account. This will expire after 21 days.
Trade forex, stocks, commodities, cryptocurrencies and other CFDs from a spread of 0.8 and high leverage up to 1:400. AvaTrade’s trading conditions are very competitive with other providers. Position sizes start from 0.01 lot in Metatrader 4. Also, other trading platforms are available than Metatrader 4.
My tip is to choose a variable spread account because that’s the way you come from my experience in most cases cheaper way. Spreads can only fluctuate to strong news or high volatility. In these scenarios, I advise only advanced traders to trade anyway.
The conditions of AvaTrade:
- More than 400 different markets
- Trade forex, stocks, commodities, cryptocurrencies, and options
- A minimum deposit of 100$
- Free demo account for practice
- Maximum leverage of 1:400
- Competitive spreads (variable and fixed)
- Platforms: Metatrader 4, Sharp Trader, AvaOptions, DupliTrade
Trade Cryptocurrencies 24/7
AvaTrade is one of the best brokers for cryptocurrencies. You can trade more than 10 different crypto assets on the platform with leverage. Invest in rising or falling markets. AvaTrade has several advantages over normal crypto exchanges.
- Trade cryptocurrencies with leverage
- Regulated trading
- Fast execution of trades
- No commissions
- Low spreads
- Invest in falling markets
Test of the AvaTrade Trading Platform
AvaTrade offers 4 different platforms for trading. In the following section, I will show you the facts about these platforms and how to use them. The well-known Metatrader 4 is made for trading forex and CFDs. If you want to trade options you have to use the platform AvaOptions. Also, there is a platform for Social Trading (DupliTrade) and one platform for learning how to trade (Sharp Trader).
The Forex Broker offers anything you need for trading successfully on the markets. From my experience, these platforms are reliable for professional trading. In the following, I will tell you the benefits of MetaTrader 4 and the other platforms.
Facts about Metatrader 4:
- Available for any device
- One login for your devices
- Automatic Trading and robots are possible
- Free and customizable indicators
- Technical drawing tools for Technical Analysis
- The user-friendly platform for traders
AvaFX Options platform for high profit
FX Options is a popular financial product to earn a high profit in a short time horizon. In addition, you can trade longterm trades. AvaTrade offers its own platform for FX Options which is also available for any device.
More than 40 currency pairs are tradeable on the platform to create an optimal portfolio. In order to hedge your forex positions, you can use the options directly to manage the risk. The platform gives you all the tools to control the risk. FX Options are very popular to open trades at a certain time horizon.
Facts about the AvaOptions platform:
- Automatic risk and reward display
- Volatility curves to find the best options
- Use FX Options to hedge your CFD portfolio
- Transparent price and strikes
- Professional risk management tools
AvaTrade App – Mobile Trading is very popular
Nowadays mobile trading is important for any trader to react to the news or special events. More people use their mobile phone for trading. AvaTrade offers mobile versions for their trading platforms. For example, the MetaTrader 4 and AvaOptions is available for any device. In addition, you need only one trading account to log in on any device.
Another advantage of the Forex Broker AvaTrade is the self-developed App “AvaGo”. It is especially available for customers of the broker. From my experience, it is easier to understand trading with this app. Besides you can manage multiple accounts with it. In conclusion, AvaTrade offers any platform which a trader need to invest successfully in the financial markets.
The advantages of mobile trading with AvaTrade:
- Each platform is available as an app
- Manage different accounts with the app AvaGo
- The platforms are available for any device
- Manage your portfolio 24/7 with your mobile phone
- Reliable platforms without lags and connection aborts
How to open your account?
Traders can open their trading account within seconds. It is no rocket science to open the account with AvaTrade. Just sign in with your email and personal data. I recommend to use your real personal date otherwise the Forex Broker will not allow you to trade with real money.
AvaTrade requires some additional information about the customers but this depends on the regulator. For example, traders who want to trade with European regulation have to upload ID/Passport and a utility bill to confirm their identity. From my experience, AvaTrade verifies the account in less than 24 hours.
Free and unlimited AvaTrade Demo Account
Personally, I recommend starting with a free demo account on AvaTrade. This is an account with virtual money which simulates the trading with real money. Traders can practice on the platform to learn more about the financial markets. Also, advanced traders can try new markets to trade or new strategies.
How to do your first deposit
The deposit of money is very simple with AvaTrade. There are different payment methods available but I have to mention that the payment methods always depending on your country of residence. The minimum deposit is only 100$. There are no fees for your deposit.
These payment methods are available (depending on your country):
- Credit Cards (Visa, Master)
Review of the withdrawal with AvaTrade
As regulated Forex Broker withdrawal with AvaTrade are made very quickly. The withdrawal takes a maximum of 3 days. There are no hidden fees. Sometimes there is a fee depending on your payment method. You will see it clearly in your account dashboard. AvaTrade charges no fees for the withdrawal. Also, the broker uses well-known banks for transactions.
Which fees can occur for traders?
Some brokers got hidden fees, not so with AvaTrade. The Forex Broker communicates clearly the fees which can occur for traders. AvaTrade only finances itself only through the market spread. Traders can choose between a variable or fixed spreads.
Another fee which can occur is the inactivity fee. This fee is only charged after 6-month inactivity. The amount is 25$ for the inactivity. In conclusion, the fees of AvaTrade are very low. They are transparently communicated to the trader. All trading fees can be seen in the trading platforms.
Fees of AvaTrade:
- AvaTrade finance itself only through the spread
- Inactivity fee after 6 months (25$)
- No hidden fees
My review of the support and service for traders
The last point I have to check in this review is the support and service for traders. It is important to get reliable support for financial investments. AvaTrade offers 24-hour support in more than 15 different languages. The support is available per phone, chat, or email. From my experience, they are working very fast and give professional answers to your questions.
Facts about the support:
- 24-hour support
- Phone support
- Chat support
- Email support
- More than 15 languages
In addition, there is a big faq and tutorial section on the website where you can get direct information about the company and trading. AvaTrade wants traders to succeed which you can clearly see on the service for traders.
The Forex Broker offers more than a simple education center. There are daily webinars for the actual market situations and professional analysis with good trading ideas. Furthermore, AvaTrade got professionally educated employees which can help you to understand and trade the financial markets successfully.
Facts about the service:
- FAQ center
- Education center
- Strategies and video tutorials
- Webinars and daily analysis of markets with trading ideas
- Account managers with 1 to 1 support
The conclusion of my AvaTrade review – Recommend Forex Broker or not
To find a reliable Forex Broker is sometimes difficult. Especially for beginners, the selection of companies is huge. With AvaTrade you will get a good partner for your financial investments. From my experience, the company gives one of the best trade offers and conditions to its clients.
Start trading with leverage products in more than 400 different markets. The range of markets starts from forex to cryptocurrencies. Also, stocks are available to trade. It is easy to trade short-trades with AvaTrade. Try it with the free demo account.
The minimum deposit of this Forex Broker is only 100$. So AvaTrade accepts any account sizes. After all, traders get a good education with this broker. The support is available in more than 15 languages. Clearly, I can say AvaTrade wants its traders to succeed. In conclusion, I can recommend this company.
The advantages of AvaTrade:
- More than 6 regulators
- High security of customer funds
- No hidden fees
- Free demo account
- Minimum deposit only 100$
- Fast execution and competitive spreads
- Reliable support for traders
AvaTrade provides competitive spreads and one of the best education for traders (4.7 / 5)