AvaTrade Review (Update 2021)
AvaTrade
- trade Crypocurrencies 24/7
- Fully regulated broker
- MT4, MT5 Trading Platform
- Social Trading via AvaSocial app
- No Fees in Deposits and Withdrawals
- Global customer support in 15 languages
Details
| Broker | AvaTrade |
|---|---|
| Website URL | www.avatrade.com |
| Founded | 2006 |
| Headquarters | Ireland |
| Support Types | multi-lingual live customer service |
| Languages | English, German, Italian, Chinese, Japanese, French, Portuguese, Finish, Swedish and more |
| Trading Platform | MT4, ΜΤ5, AvaTradeGo, AvaOption, AvaSocial |
| Minimum 1st Deposit | 100$ |
| Minimum Trade Amount | 1$ |
| Bonus | 72% of retail CFD accounts lose money |
| Leverage | Up to 1:30 |
| Free Demo Account | Open Demo |
| Regulated |
 |
| Regulation | ASIC, |
| Account Types | Retail, Professional, Standard, Islamic |
| Deposit Methods | Credit Card, FasaPay, Mastercard, MoneyGram, Perfect Money, Skrill, Swift, Western Union, Wire Transfer |
| Withdrawal Methods | Credit Card, FasaPay, Mastercard, MoneyGram, Perfect Money, Skrill, Swift, Western Union, Wire Transfer |
| Trading Methods | Scalping, Short Selling |
| Number of Assets | 1,250+ |
| Types of Assets | Forex, CFD Commodities, CFD Cryptocurrencies, CFD Bonds, CFD Cryptos |
| Account Currency | USD, EUR, GBP, AUD |
| US Traders Allowed |  |
| Mobile Trading |
|
| Tablet Trading |
|
| Overall Score | 92 |
Pros
- Well regulated and very trustworthy Forex and CFD Trading Broker
- Great Variety of Trading Instruments such as Forex, Commodities, Indices, ETFs, Stocks, Bonds and Cryptocurrencies
- Spread Betting Available for EU Clients
- Proffesional & Global customer support in 15 languages
- Suitable for short selling and scalping
Cons
- Clients from the United States not accepted
- Average Spreads compared to market
Is AvaTrade a Trusted Forex Broker to Trade with safety? Is Avatrade a scammy broker? Read our honest Avatrade Review
AvaTrade is a trading provider, based in Ireland, that offers Forex and CFD trading services to clients worldwide.
It is regarded to be one of the best MT4 and MT5 Forex Brokers worldwide.
Is Avatrade Regulated?
Avatrade’s subsdiaries are Regulated by strict regulation authorities such as ASIC (Australia). Here is the Regulation List:
| EU Traders trade via AVA Trade EU Ltd, regulated by the Central Bank of Ireland. |
| International Traders can trade via AVA Trade Ltd, regulated by the B.V.I Financial Services Commission. |
| Australian Traders can also trade in AvaTrade, via Ava Capital Markets Australia Pty Ltd, regulated by the ASIC (Licesne No.406684). |
| South African Traders can trade via Ava Capital Markets Pty, regulated by the South African Financial Sector Conduct Authority (FSCA License No.45984). |
| Japanese Traders can use Ava Trade Japan K.K., licensed and regulated by the Financial Services Agency (License No.: 1662) and the Financial Futures Association of Japan (License No.: 1574). |
| Middle East Traders can use Ava Trade Middle East Ltd, regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018). |
Restricted Countries
Can a Trader lose more than he deposits?
Is Avatrade offering Spread Betting?
AvaTrade does operate a dealing desk and therefore serves as the counterparty to all of their clients’ trading, opening up the potential for conflicts of interest.
What is Avatrade minimum Deposit?
| Minimum deposit via Credit Card, e-Payment | 100* per account |
| Minimum deposit via Wire Transfer | 500* per account |
*currency applicable to account
Avatrade KYC Process
- Sign Up to Avatrade
- Upload a Government ID to verify your Identity
- Upload an utility bill to verify your address
- It is better to finish your KYC Verification before your deposit real funds
- Avatrade is obligated to verify traders real identity, in compiance with KYC and AML Laws
- If you want to avoid KYC, then you need a forex broker without KYC requirements
AvaTrade Review – Trading Platforms
AvaTrade gives you access to multiple trading platforms, such as MetaTrader 5, MetaTrader 4, their own mobile trading app called AvaTradeGO (available for both Android and Apple devices). MetaTrader 4 can be used on MacOS, iOS (iPhone or iPad). MetaTrader 4 Web supports the Web browsers Chrome, Internet Explorer and Firefox.
Here is Avatrade platform’s List
- Avatrade WebTrader: An easy to use no download platform
- AvaTradeGO app: Trading platform with advanced trading features and charts, suitable for smartphones
- MT4: The most recognised trading platform among forex traders. Suitable for newbies and experienced traders, many powerful charts and exert advisors friendly.
- MT5: Even more powerful than MT4, MT5 offers more technical analysis tools. However, the majority of traders prefers MT4.
- AvaOptions
- AvaSocial app: Social Trading.
AvaOptions is a powerful desktop platform that is very user-friendly for trading options.
Mobile Trading in Avatrade
Avatrade Review Accounts
The process of registering for an account can be undertaken with a Facebook or a Google login, or you can provide your first name, last name, e-mail address and phone number. A Trader can open an account on AvaTrade with as little as $100.
AvaTrade offers its clients the choice of applying for an Islamic account, sometimes called a swap-free account, which is compatible with Sharia law.
Trading Instruments & Leverage
AvaTrade offers trading in Forex – as well as cryptocurrency, bond, stock, commodity, index and ETF CFDs.
Forex
AvaTrade gives you access to trade more than 60 currency pairs. ESMA regulations bind AvaTrade to capping leverage at 30:1 for major currency pairs and 20:1 for cross currency pairs and exotic pairs.
CFDs
AvaTrade practices automatic CFD futures rollovers by swapping a mature contract with a new contract before the expiration of the old contact. They then adjust the difference in price between the two contracts. These CFDs would normally mature otherwise. AvaTrade says they do this to “allow their clients to trade without interruption.” AvaTrade offers CFD (Contact-for-Difference) trading on the following:
Bonds
You can trade a selection of US, European and Asian government bonds. They offer a leverage of up to 5:1 and no commissions on trades.
Stocks
AvaTrade gives you the ability to trade CFDs on stocks from the NYSE (New York Stock Exchange), NASDAQ, FTSE and others. You can do this with a leverage of 20:1 and trade stocks, indices and commodities all from the same screen.
Commodities
You can trade soft commodities like sugar, corn, wheat, coffee and others. Hard commodities like gold, diamonds and oil are also available for trade. Major CFD commodities can be leveraged up to 20:1.
Indices
AvaTrade enables you to trade stock indices on the U.S., European and Asian stock markets. You can trade indices like the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ100, FTSE 100, DJ EURO STOXX50, NIFTY 50, DJ 30, CAC 40, DAX 30, to name a few.
ETFs
AvaTrade offers CFDs on ETFs (Exchange Traded Funds) with leverage of up to 20:1.
Cryptocurrencies
AvaTrade gives you the ability to trade cryptocurrencies up to a 2:1 leverage. Starting with a initial deposit of only $100. Coins that can be traded on AvaTrade include Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ether, Ripple, DASH and EOS. Short selling is allowed, which means you can profit even when the price goes down.
Is Avatrade an ECN Broker?
- No. Avatrade is not an ECN Broker. Check our ECN Brokers List.
Conclusion
AvaTrade Review (Update 2021)
- trade Crypocurrencies 24/7
- Fully regulated broker
- MT4, MT5 Trading Platform
- Social Trading via AvaSocial app
- No Fees in Deposits and Withdrawals
- Global customer support in 15 languages
Start Trading in a fully Regulated and compliant Forex Broker.
Take advantage of Avatrade’s excellent eductional resources and start Using MT4 and MT5 Trading Platform.
Open Account by depositing the minimum (100$).
Islamic Account Available.
Avatrade is not accepting US Traders