AvaTrade review and test: How good is the broker?

REVIEW:	REGULATION:	SPREADS:	ASSETS:	MIN. DEPOSIT:
(4.8 / 5)	6 different Regulations	0.8 Pips	1,250+	100$

If you are looking for a real experience with AvaTrade, then you have come to the right place. In the following sections, we will give you a detailed overview of the online broker and share our test results with you. Is it a scam or not? Learn more about the trading conditions, the company, as well as deposits and withdrawals. Is it really worth investing your money there? – Find it out now.

What is AvaTrade? – The company presented

AvaTrade is an international provider for trading forex (currencies), CFDs (difference contracts), and options. 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.

The company branches are in Europe (Ireland), the British Virgin Islands, Australia, South Africa, Japan, and Abu Dhabi. Depending on your wishes, you can choose the regulator your want. That brings the advantage that you can receive high leverage up to 1:400 even as a Europe-based client if you choose a regulator outside Europe.

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 in separate accounts. The broker scores with a good complete package for beginners as well as for advanced.

Facts about AvaTrade:

⭐ Rating:	4.8 / 5
🏛 Founded:	2006
💻 Trading platforms:	Webtrader, AvaOptions, MetaTrader 4, Metatrader 5
💰 Minimum deposit:	$100
💱 Account currencies:	USD, EUR
💸 Withdrawal limit:	None
📉 Minimum trade amount:	$1,000 / 0.01 lot
⌨️ Demo account:	Yes
🕌 Islamic account:	Yes
🎁 Bonus:	No
📊 Assets:	Forex, Stocks, Commodities, Indices, Cryptocurrencies
💳 Payment methods:	Debit- and credit card, bank transfer, Neteller, Skrill
🧮 Fees:	from 0.8 pip spread, variable overnight fees
📞 Support:	24 / 5 via E-mail, phone, chat, Whatsapp
🌎 Languages:	28 languages

Also, watch our full review video about AvaTrade:

(Risk warning: 71% of retail CFD accounts lose money)

What are the pros and cons of AvaTrade?

Each broker has some pros and cons, but after testing AvaTrade extensively and with real money, we are confident that we can give you an in-depth review of all pros and cons and everything you should know before you open an account.

Pros of AvaTrade	Cons of AvaTrade
✔ Best educational features and online classes available, everything you can possibly ask for like blog articles, Youtube channel, webinars, Q&A sessions, and much more	✘ Fees are higher than on other sites, especially the $100 “administration fee”
✔ Trading platforms are extremely easy to use	✘ Only one account type to choose from
✔ Extensive guides on many topics related to trading	✘ Live chat on the website is a bot, and no live chat with a real agent is possible via chat
✔ Outstanding Trustpilot score with more than 7,700 reviews	✘ Infos in the help center are very basic at times
✔ Revolutionary risk-free trading with AvaProtect option
✔ Options trading and social trading are available
✔ Low minimum deposit
✔ Regulated by the most reputable regulators in the world

Is AvaTrade easy to use?

Especially if you are a new trader, complex tools and trading platforms can be overwhelming and difficult to navigate. But with the tutorials and articles, AvaTrade makes it really easy to get started with step-by-step videos you can follow. The amount of educational resources the broker offers is above and beyond what other competitors do. Still, there are also some downsides to the site, and we will give you an overview of the usability of AvaTrade in this section.

Criteria	Rating
General Website Design and Setup	★★★ Set-up of the website is clean and logical, but some information is hard to find
Sign-up Process	★★★★★ Sign-up for a demo account took us less than two minutes and was very easy
Usability of trading area	★★★★★ Trading platforms are incredibly user friendly and they even offer a ton of tutorials and step-by-step instructions on how to get started
Usability of mobile app	★★★★★ The app is one of the best on the market, easy to use, and works absolutely flawless

What are the customers saying about AvaTrade?

The experience and opinions of thousands of users are rarely completely off. AvaTrade has a history of more than 17 years of trust in the market, and they are understandably proud and very open about it. Their legibility is not only proven by the outstanding ratings on Trustpilot (4.7 / 5 points with more than 7,700 reviews) they won more than 100 global awards. In 2023 alone, they already win the investor award for the most trusted broker in 2023, and they are awarded among the top brands of the year.

Is AvaTrade regulated? – Different regulation authorities:

Good online investments require regulation and safety for customers. Nowadays, on the internet, you will find scam companies that are unregulated. Before you invest your money, you should look after the official regulation of the broker. Most online 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 its license.

AvaTrade is an international company and is more than six times regulated. The company got global offices and branches. AvaTrade seems to us like a very serious online 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)
• ADGM (United Arab Emirates)
• CySec (Cyprus)
• ISA (Israel)

Safety of customer funds

AvaTrade works with segregated customer funds. That means the broker uses multiple banks and does not use the client’s money for hedging or investing. Deposits and withdrawals are guaranteed very fast. If you choose the European regulator “Central Bank of Ireland” you will get an ICCL Investor Compensation Company Ltd. with a more than 20,000€ money guarantee.

What is AvaProtect?

AvaProtect allows you to protect your funds from losing trades and is a kind of insurance you can optionally add before you make an order. Now, before you get to exited, this option does come with additional fees, depending on the level of risk, volatility, and duration of the protection. It is basically just an additional risk management tool, but definitely interesting for some people.

You can protect any particular trade for up to one million dollars over a chosen time frame. AvaTrade will reimburse you for losing trades at the end of the protected period direct into your account. Any reimbursed losses will be credited in the form of liquid cash, with no withdrawal restrictions whatsoever, which gives you an additional peaceful mind, especially for new traders.

(Risk warning: 71% of retail CFD accounts lose money)

Review of the Avatrade trading conditions

A total of more than 1,250+ different assets and markets are offered for trading. Online also offers various account models. Choose between a fixed spread account or a variable spread account. Live account opening is possible for as little as $ 100, and you can also create a free demo account. This will expire after 21 days, but you can open a new one after.

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 4/5. Also, other trading platforms are available than Metatrader 4/5, like the AvaTrade Option platform (AvaOptions), mobile app, and social trading platform.

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, we advise only advanced traders to trade anyway.

The conditions of AvaTrade:

• More than 1.250 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 4/5, AvaOptions, Mobile App, AvaSocial, WebTrader

Trade cryptocurrencies 24/7

AvaTrade is one of the best brokers for cryptocurrencies. You can trade more than ten different crypto assets on the platform with leverage. Invest in rising or falling markets. AvaTrade has several advantages over normal crypto exchanges.

AvaTrade Cryptocurrencies:

• Trade cryptocurrencies with leverage
• Regulated trading
• Fast execution of trades
• No commissions
• Low spreads
• Invest in falling markets

Forex trading

Forex trading is very popular among retail traders. You can trade more than 45 currency pairs with low spreads. There are no added commissions. AvaTrade is working with an additional spread added to the real market spread. That is how the broker is earning money. The leverage can be up to 1:400, and the spreads are starting from 0.8 pips. You can trade major, minor, and exotic currency pairs.

Stocks, indices, and ETFs

AvaTrade has a huge variety of stocks, indices, and ETFs to trade. There are more than 1,000 markets for it. Trade international shares from different stock exchanges via CFD (Contract For Difference) with a leverage of up to 1:5. The spread is starting from 0.13%. With CFDs, you can also do short trades on stocks and ETFs.

Trade more than 20 different stock indices from all over the world. There are US, European, Asian, and African stock indices available. Stock indices include the strongest stocks of one country. The indices can be very volatile and have huge liquidity. The spread is starting from lower than 1.0 points.

Commodities

Invest in oil, silver, gold, platinum, and more commodities. AvaTrade offers to trade futures contracts or the cash market via CFD. For example, the spread is starting from 0.03 points in oil. The variety is quite large, exotic commodities like orange juice are available with the MetaTrader 5. The leverage is depending on the regulation you choose.

(Risk warning: 71% of retail CFD accounts lose money)

Test of the Avatrade trading platforms

AvaTrade offers four different platforms for trading. In the following section, we will show you the facts about these platforms and how to use them. The well-known Metatrader 4/5 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 (AvaSocial) and one platform for mobile trading (AvaTradeGO).

The following platforms are available:

• MetaTrader 4
• MetaTrader 5
• Web Trading
• AvaOptions (options trading)
• AvaSocial (social trading)
• AvaGO (mobile app)

The broker offers anything you need for trading successfully on the markets. From our experience, these platforms are reliable for professional trading. We will tell you the benefits of MetaTrader 4/5 and the other platforms in the following.

MetaTrader 4/5

AvaTrade offers both versions of the MetaTrader. You can download and install the MetaTrader 4/5 after you created your trading account. The MetaTrader is offered by 80% of all online brokers. It is a very popular trading platform because it has all the functions you need for professional trading.

The MetaTrader is available for desktop, mobile devices, and web browsers. At first look, the MetaTrader can be difficult to use but the AvaTrader support will help you with that. We recommend using the free demo account first to practice trading. The MetaTrader offers a lot of tools for analysis and trading. If you want more tools, you can add them to the software or buy them via an integrated market. Use indicators, drawing tools, or multi-charting for technical analysis.

Furthermore, this software supports automated trading. Every trading strategy is allowed with AvaTrade. Another advantage is that you can receive trading signals from professionals. The MetaTrader is clearly one of the best trading platforms. We recommend using version 5 because it has more functions and is more user-friendly.

Facts about Metatrader 4/5:

• Available for any device
• One login for your devices
• Automatic trading and robots are supported
• Free and customizable indicators
• Technical drawing tools for Technical Analysis
• The user-friendly platform for traders

(Risk warning: 71% of retail CFD accounts lose money)

WebTrader

If you are a new trader, the WebTrader platform is one of the easiest platforms we have seen so far on the market. Opening and closing positions take no effort at all, and with the demo account, you can conveniently practice and gain important confidence. It is also very convenient to change currencies, and you have the option to install alerts, view the economic calendar, and much more.

AvaOptions platform for high-profit options

FX Options is a popular financial product to earn a high profit in a short time horizon. In addition, you can trade long-term 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 in open trades at a certain time horizon.

You can use the platform via your desktop computer or mobile device. The software offers to have flexible control over all orders you chose. Trade calls and puts via popular trading strategies.

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

(Risk warning: 71% of retail CFD accounts lose money)

AvaTradeGo 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 phones for trading. AvaTrade offers mobile versions of their trading platforms and a special mobile app for trading (AvaTradeGo). For example, the MetaTrader 4 and AvaOptions are available for any device. In addition, you need only one trading account to log in on any device.

Another advantage of the CFD broker AvaTrade is the self-developed App “AvaTradeGo”. It is especially available for customers of the broker. From our experience, it is easier to understand trading with this app. Besides, you can manage multiple accounts with it. In conclusion, AvaTrade offers any platform in which a trader needs 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 AvaTradeGo
• The platforms are available for any device
• Manage your portfolio 24/7 with your mobile phone
• Reliable platforms without lags and connection aborts

AvaSocial app – Copy other traders

In 2020 AvaTrade invented a new app called “AvaSocial”. It is its own platform for social trading. That means you can connect your trading account with other traders and copy them. There is also the function to get copied and earn additional commissions.

On this app, there are a lot of experienced traders who share their ideas and trades. As a beginner, you can learn from them for free. The social trading app is very user-friendly and easy to use. But the platform is only available for mobile devices at the moment. Get-real trading signals directly on your phone and start trading.

• Copy other experienced traders
• Learn from other traders
• Get copied by other traders
• User-friendly interface

(Risk warning: 71% of retail CFD accounts lose money)

How to open your account?

Traders can open their trading accounts within seconds. It is no rocket science to open an account with AvaTrade. Just sign in with your email and personal data. We recommend using your real personal data 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 under European regulation have to upload an 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, we recommend starting with a free demo account on AvaTrade. This is an account with virtual money which simulates 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 depend 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):

• Bank Transfer
• Credit Cards (Visa, Master)
• Neteller
• Skrill
• E-Wallets

It can happen that AvaTrade offers more methods depending on the regulator and country. In the table below, we aim to give you a better overview of the processing duration and minimum deposit amount of the different funding methods.

Payment Methode	Processing Time	Minimum Amount
Bank transfer	Up to 7 days	$100
Credit and debit cards	Instant	$100
E-Payment (Skrill, Neteller, etc.)	24 hours	$100

Review of the withdrawal with AvaTrade

As a regulated online broker, withdrawals with AvaTrade are made very quickly. The withdrawal takes a maximum of 3 days, depending on the withdrawal method. It is important to note that there might be additional delays caused by the clearance procedure of your local financial institution. 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.

Due to international anti-money laundering regulations, you should also keep in mind that you need to withdraw up to 100% of your initial deposit via the same payment method you initially used to fund your account. For example, if you made a credit card deposit of $3,000 and a profit of $5,000, you must withdraw the first $3,000 to the same credit card you initially paid your deposit with, and you may choose an alternative payment method for the remaining amount.

(Risk warning: 71% of retail CFD accounts lose money)

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. 

How does AvaTrade make money from you?

Some brokers got hidden fees, but not so with AvaTrade. The broker communicates clearly the fees which can occur for traders. AvaTrade only finances itself only through the market spread. Like most brokers, AvaTrade ads a spread (the difference between offer and market price) to trading pairs. However, this is standard practice from almost every broker, and they will invest a lot into tools to make trading and their site safer and more profitable for you.

The most important fees aside from the spread are the fees you pay for AvaProtect. Don’t underestimate the costs of this service if you decide to use the feature. Every trader on AvaTrade additionally agrees to the following costs:

Fees of AvaTrade:

• The overnight Premium fee is a set fee charged on positions that remain open overnight (from 22:00 GMT)
• An inactivity fee is charged after three consecutive months of non-usage of the platform. The fee is $50 or equivalent in other currencies.
• An annual administration fee of $100 may be deducted from your account after 12 months of consecutive inactivity.

My review of the support and service for traders

The last point we 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 by 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
• Whatsapp support
• More than 27 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 company 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 who 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

(Risk warning: 71% of retail CFD accounts lose money)

What are the best alternatives for AvaTrade?

We now discussed the pros and cons of the broker in detail, and you should be able to make an informed choice if the broker is the perfect fit for you. If you still have doubts, here are our favorite alternatives worth taking a look at.

Capital.com

Capital.com is our favorite broker for trading beginners and a tough competitor for AvaTrade. Founded in 2002, the broker offers generally slightly lower fees and spreads in our experience. While AvaTrade is slightly ahead in terms of the number of educational resources, Capital.com also comes with a very beginner-friendly trading platform, very good customer support a very low minimum deposit. Read our detailed review here and decide for yourself which broker better serves your needs.

RoboForex

The broker RoboForex is a great option with very low spreads and fees for less popular Forex pairs or assets. With more than 12,000 assets to choose from, you will never run out of options if you sign-up with this broker. The lucrative high leverage is another plus for more experienced brokers. If you have experience in the trading world and you know what you are doing, you might be better of with RoboForex than AvaTrade. Read our full review here.

XTB

XTB was founded in 2002 and is a great alternative for beginners and more advanced traders alike. The company is among the biggest and most trusted brokers in the industry, with designated support for every new client, competitive spreads, a fast and secure platform, and advanced analysis tools. Compared to AvaTrade, they offer a bigger amount of tradable assets and have better withdrawal and deposit options.

The conclusion of our AvaTrade review: Recommend online broker

Finding a reliable online 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 our experience, the company gives one of the best trade offers and conditions to its clients.

Start trading with leverage products in more than 1,250 different markets. The range of markets starts from forex to cryptocurrencies. Also, stocks are available to trade. It is easy to open short positions in stocks via CFDs (Contract For Difference) with AvaTrade. We recommend trying it first with the free demo account.

The minimum deposit of this broker is only $ 100. So AvaTrade accepts any account size. After all, traders get a good education with this broker. The support is available in more than 15 languages. Clearly, we can say AvaTrade wants its traders to succeed. In conclusion, we can recommend this company.

The advantages of AvaTrade:

• More than six regulators
• High security of customer funds
• No hidden fees
• Free demo account
• Minimum deposit is only $ 100
• More than 1,250 different markets available to trade
• MetaTrader 4 and 5 platform
• Options trading
• Social trading
• Fast execution and competitive spreads
• Reliable support for traders

(Risk warning: 71% of retail CFD accounts lose money)

FAQs – The most asked questions about AvaTrade:

See other articles about online brokers:

Last Updated on June 7, 2023 by Res Marty