Overview – AvaTrade Broker Review 2023
For more than a decade, AvaTrade’s expansion is impressive, with over 200,000 registered customers globally executing more than two million trades a month. The company’s total trading volumes surpasses $60 billion per month. AvaTrade’s user-oriented perspective, combined with solid financial backing has made it outstanding.
Let’s delve into the review.
From its 24-hour multi-lingual support desks to its broad range of platforms and services, AvaTrade has created the optimal trading environment for every level of trader. AvaTrade’s wide scope includes a full spectrum of trading instruments including Forex, stocks, commodities and indices.
AvaTrade is a multi-national company with regional offices and sales centers in Paris, Dublin, Milan, Tokyo and Sydney. The company’s administrative headquarters are in Dublin and Ireland.
Whether you are an experienced trader or a novice, AvaTrade’s adaptable trading platforms and services provide you with the right balance of simplicity and sophistication. It’s no wonder that AvaTrade earned nine industry awards since 2009.
Regulation
Regulated by 6 Regulations in 5 Continents
AvaTrade EU Ltd is regulated by a couple of regulatory bodies in different regions of the world.
Firstly, by the Central Bank of Ireland (No.C53877) AVA Trade Ltd is regulated by the B.V.I Financial Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684).
Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984).
AvaTrade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574).
AvaTrade Middle East Ltd is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA)
Tradable Assets
As an innovative pioneer in online trading since 2006, AvaTrade has expanded its trading platform across Forex, CFDs and Cryptocurrency trading.
Forex Trading
Majors
- EUR-USD
- GBP-USD
- BTC-USD
Vanilla Options
- USD-JPY
- USD-CAD
CFD Trading
- Bonds trading.
- Stocks trading.
- Indices trading.
- EFT trading.
- Commodities trading.
Cryptocurrency Trading
- Bitcoin trading.
- Bitcoin Gold trading.
- Ethereum trading.
- Dash trading.
- IOTA trading.
- Litecoin trading.
- Bitcoin cash trading and more.
Minimum Deposit
The entire trading process, from the first step of the registration, through the deposit and all the way to the withdrawal is in compliance with strict global regulation.
A minimum deposit of $100 is required to trade with AvaTrade. Leverage is offered at 400:1. AvaTrade offers both fixed and variable, or floating, spreads starting from 0.9 pips.
Trading Accounts
AvaTrade offers a variety of trading accounts with different features for all classes of traders.
- Demo account
- Retail account
- Professional account
- Standard account
- Sport betting account
Secondary accounts
- Corporate account
- Crypto-account
- VIP account
- Islamic account
- Options account
- Partner account
- Managed account
Demo account
It is recommended that new traders practice with a Demo account, before proceeding to a live account. AvaTrade is dedicated to providing an ultimate trading experience on its platform, allowing users to turn market opportunities into profit.
Retail account
After practicing with the demo account, the next step is to move into the live market with a possibly a retail account. This is a standard account type for the EU with a max leverage of 30:1 allowable under the ESMA guidelines for European traders.
Professional account
As a retail trader, you can upgrade your account to AvaTrade Professional account with a host of benefits. On its platform, you have to meet a certain level of trading volume and frequency to qualify for a pro-account. One remarkable benefit is the allowable leverage of 400:1 on a professional account. This account is accessible to traders from the EU. See the standard account for a similar package.
Standard account
The standard account caters to international traders. Leverage of 400:1 is applicable on the standard account for major trading markets.
Sport Betting account
If you are built for “All or Nothing”, then you may want to try the AvaTrade Sport Betting account . This is rather a risky class of account where gains and losses are massive. You may want to check your risk management plan and see if this account type is suitable for you.
Corporate accounts
This is just like the standard account with amazing benefits, the difference is that only corporate trading firms are to register its traders with a business name under the corporate account type.
Cryptocurrency account
Cryptocurrencies has come to stay. It has become the new and advanced currency in the trading business. Bitcoin, leading the pack dominates the Crypto market as others trail along. Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Tether, EOS and more are available on the AvaTrade Cryptocurrency account. Crypto-trading is not accessible to Islamic accounts. When trading with AvaTrade, you are trading on the price changes of the digital coin, and not physically purchasing it. See maximum lot sizes for all cryptocurrencies.
VIP accounts
High volume-premium traders can access the VIP account allowing you the privilege to trade with lower spreads. A minimum of $10,000 is required to register a VIP account.
Islamic account
The Islamic account is similar to the standard account and works great. The downside is that cryptocurrency trading is not permitted as well as overnight rollovers. An Islamic account can be accessed through AvaTrade support and usually gets approved in a day or two.
Options account
The options account can be accessed through their website, AvaOptions. You can trade FX and Options visually with 13 option strategies. The platform has 40+ streaming prices for currencies and gold. The platform is well developed which offers an ultimate trading experience. You may wish to try Ava Options trading
Managed account
If you’re considering stepping back so that AvaTrade can handle all that matters to you, then you may opt for a Managed account. Please note that only professional account clients can upgrade to enjoy the Managed account.
Partners account
The AvaPartner account is suitable for affiliates who want to refer clients to AvaTrade. This is another way to boost your income.
Bonuses on account opening
Traders are privy to a new account promotional offer which are calculated as follows:
Deposit $1,000 and get a $200 bonus
Deposit $2,500 and get a $625 bonus
Deposit $5,000 and get a $1,250 bonus
Deposit $7,500 and get a $1,875 bonus
Deposit $10,000 and get a $3,000 bonus
Languages
With over 37 support centers all around the world communicating with clients, AvaTrade connects effectively with over 15 languages including, English, French, Spanish, German, Arabic, Portuguese, Zulu, Vietnamese, Thai, Malay, Indonesian, Chinese and more.
Currency pairs
Currencies are divided into two main sorts – Major currencies and minor ones. The major currencies are derived from the most powerful economies around the globe – the US, Japan, the UK, the Euro Zone, Canada, Australia, Switzerland and New Zealand. Together with the other currencies they create forex pairs.
Max Leverage & Spread
Deposit & Withdrawals
Depositing money
To consistently meet the needs of all classes of traders, AvaTrade offers several ways of depositing money into your trading account:
To make a deposit, the first step is to log into your AvaTrade account. Click on the ‘Deposit’ section and select your preferred deposit method. Please also ensure that you have selected the specific trading account you wish to deposit into from the drop-down menu.
Deposit methods
AvaTrade offers a choice of deposit methods including credit cards and wire transfer, which are available to all clients. They also offer deposits via e-payments such as Skrill, WebMoney and Neteller, however, this is not available to EU and Australian clients. *Excluding Canada
Withdrawing money
In order to withdraw money from your AvaTrade account, you will need to ensure that your account has been verified and confirmed. Verifying your identity and account is one of the requirements of regulatory bodies and AvaTrade is required to strictly follow the “Know Your Customer” process. This process requires AvaTrade to verify the identity of its clients and to assess any potential risks of illegal intentions.
Withdrawal methods
As a result of international anti-money laundering regulations, withdrawals can only be sent via the payment methods by which you funded your account. Note that withdrawals must be up to 200% of your deposit to your credit or debit card. After this, you may then withdraw funds by another method, as per your instructions, but it must be in your own name.
Example for clarification. If you made a credit card deposit of $1,000 and you made a $1,200 profit, the first $2,000 you withdraw will go back to the original credit card used to make the deposit, and then the balance of $200, can be withdrawn using a different method, such as wire transfer, and other e-payment methods (for non-EU customers only).
In the case of a deposit made via a third party, that is not a credit card payment method, you must withdraw 100% of the deposit transaction on that initial payment method.
Trading Platform
AvaTrade strives to provide one of the best tools to trade with. Having access to the right tools of the trade can make the difference. AvaTrade has provided an array of trading software solutions – the iconic MT4 and MT5 platforms, Vanilla options trading platform, ZuluTrade and Mobile trading app.
Wish to get straight into trading, get direct access to a Real Account.
Technical analysis
Learn from the best with a wide range of educational tools on AvaTrade’s website. Technical, fundamental analysis and important market updates you don’t want to miss are accessible on its platform. No restrictions on short-selling and scalping as well as ultra-low spreads.
For Beginner traders
AvaTrade offers a step-by-step guide into forex trading where you will learn everything you need to know about trading currencies, vanilla options and automated trading.
For Advanced traders
More experienced traders can access instruments, ranging from forex pairs to cryptocurrencies across all trading platforms.
Personal account manager
A dedicated account manager is available upon an investment minimum of $1000. At this level, you can enjoy a 1-on-1 training session with your assigned manager who is also an expert. With this investment minimum, you will have access to:
- Vital financial news
- In depth analysis techniques
- Popular trading strategies
- Money management tips.
Training and Education
As an AvaTrader, you are privy to support through ongoing education so that you can keep improving your trading skills and learning new concepts with exclusive free videos, articles, e-books and daily market analysis.
They also conduct a series of webinars in several languages, which apply to all level of traders – from beginner to expert – you can find some valuable materials on AvaTrade YouTube channel.
Forex trading signals
As an AvaTrade user, you get free access to MQL5 Signals – one of the biggest communities in the world.
It’s easy to get started with forex and CFD trading. MQL5 is fully integrated with MT4 and MT5, so you can subscribe to signals from thousands of providers directly from your trading platform.
Social trading
AvaTrade uses top quality sources for its copy or mirror trading. These parties include hedge funds, expert brokers, and money managers. This means that if you use copy or mirror trading with AvaTrade, you are essentially gaining valuable access to seasoned traders, allowing you to copy their trades and benefit from their experience.
Taking advantage of this trading strategy can be highly lucrative. Many social traders, new and experienced, have had the opportunity to gain direct access to the top traders on the platform and have increased their trading success significantly.
Pros & Cons
PROS
- Affordable minimum account opening deposit of $100.
- 6 regulations across 5 continents.
- Fast profit withdrawals.
- Innovative technology and cutting-edge trading features.
- Leverage position up to 400:1
- Access to 24/5 global customer support.
- 1-on-1 training session with a dedicated account manager
- 250+ assets, currencies, CFDs, Cryptocurrencies.
- Broad video tutorials, charts, trading advice, and interactive content.
- Responsive customer support 24/7.
CONS
- Trading account categories are not visible on website.
- No guaranteed stop loss mechanism.
- Trading deposit a bit higher than the base minimum of $10.
AvaTrade Broker Review
9.8
Pros
- Affordable minimum account opening deposit of $100.
- 6 regulations across 5 continents.
- Innovative technology and cutting-edge trading features.
- Leverage position up to 400:1
- 1-on-1 training session with a dedicated account manager
Cons
- Trading account categories are not visible on website.
- No guaranteed stop loss mechanism.
- Trading deposit a bit higher than the base minimum of $10.
MINIMUM DEPOSIT OF $100
9/10
MAX LEVERAGE & SPREAD
9/10
PAYMENT AND WITHDRAWALS
10/10
TRADING SOFTWARE, MT4, MT5
10/10
CUSTOMER SERVICE
10/10
Read More