AvaTrade Review (Update 2021)

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 Yes
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 No
Mobile Trading Yes
Tablet Trading Yes
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

AvaTrade - Trading with confidence

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.

Avatrade is operating through its domain: www.avatrade.com

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

United States, Belgium, Zimbabwe, Iran, Iraq, India, Pakistan
Avatrade is one of the brokers that accepts Nigerian Traders. If you are from Nigeria just visit www.avatrade.ng

Can a Trader lose more than he deposits?

No, this is not possible because AvaTrade offers for free a negative balance protection.

Is Avatrade offering Spread Betting?

AvaTrade is offering spread betting ONLY to EU based clients

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

  1. Sign Up to Avatrade
  2. Upload a Government ID to verify your Identity
  3. 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

  1. Avatrade WebTrader: An easy to use no download platform
  2. AvaTradeGO app: Trading platform with advanced trading features and charts, suitable for smartphones
  3. MT4: The most recognised trading platform among forex traders. Suitable for newbies and experienced traders, many powerful charts and exert advisors friendly.
  4. MT5: Even more powerful than MT4, MT5 offers more technical analysis tools. However, the majority of traders prefers MT4.
  5. AvaOptions
  6. AvaSocial app: Social Trading.

AvaOptions is a powerful desktop platform that is very user-friendly for trading options.

 

You can support with a live chat representative in one of the following languages: English, German, Italian, Spanish, Portuguese or Russian. The website has versions for Taiwan, China, South Africa, Turkey, Sweden, Brazil, Poland, Nigeria, Mongolia, Japan, Indonesia, French-speaking Canada (Quebec), Finland, Spain, United States, United Kingdom, Australia, Saudi Arabia (Arabic), English-speaking Canada, Germany, China, Hungary, Italian, Malaysia, Holland, Portugal, Russia and Thailand.

Avatrade Mobile App

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
72% of retail CFD accounts lose money
Visit Now

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


Visit AvaTrade


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