AVATRADE REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER?

AVATRADE REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER? title=
4.7/5
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AvaTrade is an innovative broker that has been around for more than 15 years. Yes, the broker has a long history and has come a long way since then. Did you know it’s an Ireland-based forex broker? Let’s dig deeper and find out everything we can about it.
Min. deposit
$100
Website address
Demo account
Yes
Currency
AUDCADEURGBPUSD
Supported languages
EngRus
Active
Yes
Payment Methods
BoletoCredit CardDebit CardFasaPayJCB CardMastercardMoneyGramNetellerPerfect MoneySkrillSwiftWebMoneyWestern UnionWire Transfer
Instruments
CFDForexOptionsSpreadbettingStocks
Min. trade price
$.01
Regulated By
ASICCBoIFSAFSBFSCA
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
Yes
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
Yes
MAM Account
Yes
PAMM Account
Yes
LAMM Account
No
Demat Account
No
Mobile Apps
iOS and Android
Margin Trading
Yes
Volatility Index
Yes
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
No
Social Trading
Yes
Copy Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
Guaranteed Stop Loss
No
Stock Exchanges
Australian Securities ExchangeBorsa ItalianaDeutsche BoerseEuronextHang SengIBEX 35Japan Exchange GroupLondon Stock ExchangeNasdaqRussell 2000Shanghai Stock ExchangeShenzhen Stock ExchangeSIX Swiss ExchangeTaiwan Stock ExchangeToronto Stock Exchange
Commodities
CannabisCocoaCoffeeCopperCornCottonGasolineGoldLithiumNatural GasOilPalladiumPlatinumPrecious MetalsSilverSoybeansSugarWheat
Forex Trading
Avatrade offer 50+ currency pairs and their spreads are some of the best among any broker. They are regulated across 5 continents.
Forex GBPUSD Spread
1.0 var
Forex EURUSD Spread
0.7 var
Forex EURGBP Spread
1.7 var
Forex Assets
50+
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.7,
according to 7760 reviews

4.5 Stars
SUHAIL KHAN
SUHAIL KHAN
stars
pk
I have just joined with Ava Trade company. To do forex trading. It's an excellent trading platform. And I would like to thank Mr. Arnold Eligaro of Ava Trade company for explaining to me in detail the complete working system and terms and conditions, etc which is extremely important for the new clients to understand. Knowledge he provided was excellent. Highly recommend to register with Avatrade company Sohail

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Sophia Tzimas
Sophia Tzimas
stars
au
I am new only 2 weeks with the company, the analysts are on the spot with their predictions, From what I have experienced so far, I am happy. Its regulated company, and you are in control of your account and you choose to do whatever you wish. you don't worry about scams or frauds, all professional and polite staff willing to help and listen to the problems you may have and ready to solve it. Highly recommended. Happy trading and making a lots of money.

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Ossama Hakim
Ossama Hakim
stars
ae
very good company with good support and managment and trading station ..evry thing is excellent ..hope to be the same in the future also

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Angela Abigail Adonis
Angela Abigail Adonis
stars
za
Okay Avatrade is a wonderful platform. And Agent Milan was very helpful and friendly keep up the good work

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PR Nel
PR Nel
stars
za
Vincent (Vince)helped me to set up my account and he went the extra mile to help me regarding deposits. I would give him 12/10

View all

Raymond
Raymond
stars
za
Thanks to Hank for a Great support and always willing to help

View all

Content

AvaTrade is an innovative broker that has been around for more than 15 years. Yes, the broker has a long history and has come a long way since then. Did you know it’s an Ireland-based forex broker? Let’s dig deeper and find out everything we can about it.

AVATRADE REVIEW

HOW DOES AVATRADE STAND OUT?

Highly regulated: The broker is regulated by several reputable regulatory bodies.

Global access: AvaTrade is available in more than 150 countries.

AvaProtect: The AvaProtect feature allows you to manage your trading risks.

Guardian Angel: The Guardian Angel tool helps you in your trading decisions.

AvaSocial: With AvaSocial, you can automate your trading and copy the trades of pro traders.

Great support: AvaTrade provides great customer support by email, online chat, and phone, 7 days a week, 24 hours a day.

WHAT IS AVATRADE?

WHAT IS AVATRADE?

AvaTrade is the first Irish-based forex broker. The broker is popular for its social platforms. However, that is not the only feature that is worth mentioning. Let’s find out whatever we can about this broker.

In 2006, AvaTrade began its journey as AvaFX. The company was the first forex broker that came out of Ireland. Over the years that followed, the broker obtained several regulatory licenses and expanded its business.

It became popular for its social trading and overall trading conditions. There’s a reason it has over 300,000 customers worldwide. AvaTrade was one of the first forex brokers to provide CFD trading on stocks, commodities, and other assets.

avatrade homepage

AvaTrade homepage

The broker kept innovating, introducing several features you can’t find elsewhere. Tools like AvaProtect, and Guardian Angel, are just a few examples.

Fun fact: AvaTrade is an official trading partner of Manchester City FC. It has also signed Usain Bolt as its brand ambassador. The firm earned several awards in 2022, including

  • Best Mobile Trading Platform UAE
  • Most Trusted Trading Platform
  • Most Innovative CFD Broker
  • Best Educational Broker

The broker is available in more than 150 countries. However, I’m sorry to tell you that you can’t open an account if you are from the US, Cuba, Iran, Syria, Belgium, or New Zealand. You can check the complete list through the broker’s website.

WHO ARE AVATRADE’S REGULATORS?

AvaTrade has a long history, as we learned in the previous section. So, what about its regulators? You’ll be glad to know that AvaTrade has several of them. Let’s see who they are!

AvaTrade has different entities, which are regulated by the respective regulatory body. It’s good that the broker has a separate page for regulators, and you can find it instantly on the homepage. Here’s a complete list:

Central Bank of Ireland

Polish Financial Supervision Authority

ASIC (Australian Securities and Investments Commission)

BVIFSC (British Virgin Islands Financial Services Commission)

FSA (Financial Services Agency Japan)

FFAJ (Financial Futures Association of Japan)

FSCA (Financial Sector Conduct Authority, South Africa)

ADGM (Abu Dhabi Global Market)

FSRA (Financial Services Regulatory Authority)

ISA (Israel Securities Authority)

International clients come under the BVIFSC regulations. The Australian clients come under the ASIC, and the European users come under the Central Bank of Ireland and the Polish Financial Supervision Authority. All other users come under their respective regulatory bodies.

avatrade regulators

AvaTrade regulators 

HOW DOES AVATRADE WORK?

HOW DOES AVATRADE WORK?

We saw the regulators in the previous section. But what about the trading assets? What can you trade on AvaTrade? Let’s find out! AvaTrade provides plenty of tradable assets across seven categories. It offers more than 1,000 tradable assets. Let’s find out all the assets available.

Forex

  • EUR/USD
  • GBP/USD
  • AUD/USD
  • USD/JPY
  • USD/CAD, and more

Stocks

  • Apple
  • Amazon
  • Netflix
  • Tesla
  • NVIDIA, and more

Indices 

  • NIFTY 50
  • VIX

Metals 

  • Gold
  • Silver
  • Platinum
  • Copper
  • Palladium

Commodities

  • Energies
  • Agriculture

 Cryptos

  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
  • Stellar and more

Bonds and Treasuries 

  • Euro-bund
  • Japanese Government Bond

ETFs

  • Dow Jones Real Estate Index Fund
  • Energy Select Sector

Spreads on major forex pairs, such as the EUR/USD and GBP/USD, begin at 0.9 pips.

HOW DOES THE AVATRADE PLATFORM WORK?

To trade all these assets, you need a platform. As I mentioned earlier, AvaTrade is popular for its social trading. So, it provides plenty of platforms to try social trading. Let’s see what platforms the broker provides. AvaTrade offers five trading platforms. They are

  • WebTrader
  • MT4
  • MT5
  • AvaTradeGO,
  • AvaOptions

Let’s talk about all of them.

WEB TRADER

Web Trader is AvaTrade’s native platform and provides all the features you need as a trader. You can access a wide range of research tools and indicators and multiple timeframes. For technical insight and quick pattern detection, you can use Trading Central, which is integrated with the platform. I like the overall interface of the platform, and it is super customizable also.

WebTrader

WebTrader

AvaProtect

With Web Trader, you can have an excellent tool like AvaProtect. The one-of-a-kind risk management function allows you to cover a single trade against losses of up to one million dollars.

MT4

Since its inception in 2002, MT4 has become the industry standard in online trading. AvaTrade MT4 allows features like

  • One-click trading
  • 9 time frames
  • 3 charts
  • 30 built-in indicators
  • 24 graphical objects
  • Guaranteed full data backup and security
  • EA functionality
  • 4 pending order types
  • Trade history information, and much more

mt4 platform

MT4 platform

MT5

The MetaTrader 5 is the successor of MT4 and provides more robust features than its predecessor. Some of the features of AvaTrade’s MT5 include

  • 12 time frames
  • 38 built-in technical indicators
  • 1 single login across all your trading platforms
  • Multi-threaded strategy tester

mt5 platform

MT5 platform

Guardian Angel

The Guardian Angel from AvaTrade serves as a risk-management tool for MT4 and MT5. It provides immediate feedback on your trading activities, allowing you to improve your decision-making process.

AvaTradeGO

AvaTradeGO is a mobile platform that is similar to WebTrader. Market Trends is an exclusive feature of AvaTradeGO. It allows you to watch current market trends from AvaTrade’s community and execute trades based on these moves.

AvaTradeGO

AvaTradeGO

AvaOptions

AvaOptions is a forex options platform specially designed for pro traders. AvaOptions has a comprehensive set of professional risk management tools, portfolio simulations, and other features. Besides, it is super customizable and comes with drag-and-drop features.

avaoptions platform

AvaOptions platform

Automated Trading Platforms

Automated platforms are one of the reasons many people choose AvaTrade. You can copy the trades of other, sometimes more experienced traders using automated trading platforms. It allows you to automate your trading and trade even if you are a complete newbie. There are three automated platforms

DupliTrade

DupliTrade is an MT4-compatible tool that allows you to automatically follow the signals and strategies of more experienced traders in real time.

ZuluTrade

ZuluTrade automatically takes professional traders’ trades and performs trades in your AvaTrade account.

AvaSocial

AvaSocial is all about social trading among members of the AvaTrade community. The social trading app cuts the learning curve in half.

WHAT TRADING INDICATORS ARE AVAILABLE?

As an active trader, technical trading is super important. So, for technical trading, we need technical indicators. AvaTrade offers plenty of trading indicators across all platforms. Some of the available indicators are

  • MACD
  • Moving Averages
  • RSI
  • Bollinger Bands
  • VWAP, and many more
Further reading

WHAT ARE AVATRADE’S TRADING ACCOUNTS?

WHAT ARE AVATRADE’S TRADING ACCOUNTS?

We got an overview of AvaTrade’s platforms. So, what accounts can you open? And is there a demo account? Let’s find out what the broker has to offer.

WHAT ARE AVATRADE’S TRADING ACCOUNTS?

AvaTrade provides four account types

  • Retail
  • Professional
  • Islamic,
  • MAM

Let’s compare every account type.

1. RETAIL ACCOUNT 

The retail account is the basic account you can get at AvaTrade. There is a $100 minimum deposit, and you can have a maximum leverage of 1:400. A fixed spread starts from 0.9 pips.

2. PROFESSIONAL ACCOUNT 

The professional account is only available for EU clients. To be eligible, you need to meet the following requirements:

  • Sufficient trading activity in the last 12 months
  • Relevant experience in the financial services sector
  • Financial instrument portfolio of over €500,000 (including cash savings and financial instruments)

Even if you meet two of the following requirements, you can open the account.

AvaTrade account types

AvaTrade account types

3. ISLAMIC ACCOUNT

The swap-free or Islamic account offers zero swap rates. It follows the principles of Islam. To open the account, you need to contact the support team first.

4. MAM

The MAM account allows you to manage multiple trading accounts. MAM, aka Multi-Account Manager, allows fund managers to trade on behalf of clients for a percentage of the earnings.

DOES AVATRADE OFFER A DEMO ACCOUNT?

If you aren’t ready for live accounts, you need to open a paper trading/demo account. Yes, AvaTrade does provide a demo account.

Further reading

HOW SAFE IS AVATRADE?

HOW SAFE IS AVATRADE?

Let’s be honest; safety is a big concern for any trader. How can you open an account if you can’t trust the broker? So, what about AvaTrade? Which security measures does the broker take?

HOW SAFE IS AVATRADE?

In addition to multiple regulators, AvaTrade provides safety in multiple ways. Here’s what the broker does for safety

  • 256-bit SSL encryption across the entire website
  • Embedded True-Site identity assurance seal
  • AvaTrade is WebTrust compliant, as determined by the American Institute of Certified Public Accountants
  • AvaTrade uses McAfee Secure (HackerSafe) to prevent credit card fraud and identity theft
  • All client money is segregated from AvaTrade business funds.

So, it’s safe to say the broker is safe. Other highly regulated brokers include Exante and Interactive Brokers.

Further reading

WHERE IS AVATRADE LOCATED?

WHERE IS AVATRADE LOCATED?

You may want to know where the broker is. So, in this section, I’ll reveal AvaTrade’s location. Can you guess where it is? If not, then let’s find out.

AvaTrade’s headquarters is at 2 Dublin Landings, North Wall Quay,
North Dock Dublin 1, Dublin, Ireland, DO1 V4A3. The broker also has offices in

  • Australia
  • Chile
  • Malaysia
  • Italy
  • Mexico
  • Japan
  • Mongolia
  • Poland
  • South Africa
  • Abu Dhabi

WHO OWNS AVATRADE?

We got to know the location of the broker. Now, let’s move to ownership. Does AvaTrade work on its own? Let’s find out! Negev Shekel Nosatzki and Emanuel Kronitz are the owners of AvaTrade.

Further reading

HOW TO DEPOSIT FUNDS IN YOUR AVATRADE ACCOUNT

HOW TO DEPOSIT FUNDS IN YOUR AVATRADE ACCOUNT

Depositing funds can be a hassle with some brokers. I don’t know why they delay the process. Fortunately, funding your account is super quick at AvaTrade. Let’s see how you can deposit.

The deposit methods available at AvaTrade are

  • Credit/Debit Cards
  • E-payments (Skrill, WebMoney, and others),
  • Wire Transfers.

Depositing through your card is instant. A wire transfer can take seven business days, while third-party apps’ payment methods can take 24 hours.

HOW TO WITHDRAW FUNDS FROM YOUR AVATRADE ACCOUNT

Are AvaTrade’s withdrawal methods the same as the deposit methods? Does the broker take time to process withdrawals? I’ll answer these questions here. Let’s find out more.

AvaTrade has the same withdrawal methods as for deposits. However, it takes time. If AvaTrade has completed the account verification procedure, it takes 24-48 hours to execute a withdrawal request.

Further reading

HOW TO CONTACT AVATRADE?

HOW TO CONTACT AVATRADE?

I contacted AvaTrade through email, and they responded quickly. I also use online chat occasionally, and it’s super responsive. There are some additional ways to contact the broker too. So, let’s find out what those ways are.

There are several ways to contact the broker. You can

  • Call
  • Chat
  • Email
  • WhatsApp

Also, they have an FAQ page where you can find answers to your questions. You can also contact them through social media.

AvaTrade contact page

AvaTrade contact page

Further reading

DOES AVATRADE OFFER PROMO CODES?

DOES AVATRADE OFFER PROMO CODES?

You can get your hands on promos if you want to make some cool bucks. AvaTrade provides several promos. So you can try them out. Let’s see what those promos are.

AvaTrade offers promos through its AvaPartner program. There are three types of partnerships the broker offers

  • Introducing brokers (IBs)
  • Referring a friend
  • Flexible White Label
  • Tied Agent
  • Business Partner
  • Online Affiliate Manager,
  • Trading Academy.

Each program has specific requirements, and you should check them before signing up.

DOES AVATRADE OFFER BONUSES?

AvaTrade provides you with a good bonus. I was excited to see how much the broker pays. I tried it, and it was worth it. Let me tell you more.

AvaTrade provides a first deposit bonus. The bonus depends on your initial deposit. For instance, if you deposit $500, you’ll get a bonus of $100.

DOES AVATRADE CHARGE TAX ON PROFITS?

You make a lot of money; what about taxes? Will AvaTrade take a cut of your profits? Do they give accurate tax information? I’ll address these questions here.

AvaTrade provides tax info for UK, Canadian, and Australian clients. You can find all the info here.

Further reading
HOW DO I MAKE MONEY WITH AVATRADE?

HOW DO I MAKE MONEY WITH AVATRADE?

AvaTrade has been around for quite some time, and I joined the broker in 2018. The reason for joining the broker was its social trading. I heard a lot about it, so I wanted to try it. And I wasn’t disappointed.

It proved to be a great social trading broker for my trading. However, social trading isn’t the only notable feature the broker offers. The trading platforms, low spreads, multiple assets, and customer support make AvaTrade a good choice. Let’s see what others have to say:

what others have to say

others have to say

Further reading
FAQs

FAQs

Is AvaTrade legal? 

Yes, it is! The broker is regulated by many reputable regulatory bodies. Also, they focus on protecting money and information as part of their regulatory compliance.

Is AvaTrade good for beginners?

Yes, it is! AvaTrade provides great trading conditions for all types of traders. The low spreads, multiple platforms, and many assets are perfect for beginners.

Is AvaTrade halal?

AvaTrade offers Islamic accounts to any trader who desires to follow Sharia law and trade in a halal manner.

FINAL THOUGHTS

There you have it! We found everything we could about the broker. AvaTrade shines in platforms, assets, regulations, and trading fees. However, it lacks multiple trading accounts and isn’t available in the US.

So, I would give it a 4.2/5. I hope this review was informative and time-saving for you. If you are looking for forex brokers other than AvaTrade, you can check the complete list of brokers here.

Further reading
General Risk Warning: Your capital might be at risk