AvaTrade Review – Online Platforms, Commission, Leverage, Account Types, Features & more
AVATrade is a very reliable platform for traders. It has a very easy and fast account opening procedure. Also offers competitive prices with no withdrawal fees.
It has great research tools to refine trading efficiency. AVATrade also has diversified trading options. Which makes it one of the platforms meant for traders who exchange diverse markets.
Also, AVATrade, regulated by reliable financial authorities like the Central Bank of Ireland. Also, on a lighter note, AVATrade has won many awards. Some of them are:
- “Best Customer Support”
- Award for “Best Alert System”
- “Best financial derivative trading provider”
- “Best forex broker of the year”
Which adds to the credibility of the platform.
About AvaTrade and Accepted Countries
AVATrade is a global Contract For Difference. It enables us to speculate on the rising or falling prices of financial markets across the globe.
Also, AVATrade is a globally recognized forex broker, founded in the year 2006. It’s regulated by three tier-1 jurisdictions and three tier-2 jurisdictions.
Which makes it safer, involving lower risk on forex trading. AVATrade offers competitive fees for depositors.
Especially for trading in individual stocks and shares wrapped as Contract for Differences. AVATrade provides an extensive range of assets for trading, which is not usual.
This includes Forex vanilla options and several Exchange Traded Funds (ETFs). Apart from these, a broad range of shares and individual stocks.
|Founder / CEO||Dáire Ferguson|
|Regulations||ASIC, BVI, CBI, CySEC, FSA(JP), FSC, FSCA|
AvaTrade allows traders from:
Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar.
Open a Forex Trading Account Now! – Fill up the Form
AvaTrade Trading Platforms
AVATrader’s web trading platform is very well-designed. To protect you from losses, it has a very quirky order type, known as “AVAProtect Order type”.
Alongside this, AVATrade also has a beneficial search function. This enables ease of improving efficiency.
|Trading Platform||AvaOptions, AvaSocial, AvaTradeGo, MT4, MT5, Proprietary, WebTrader|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||Arabic, Chinese, Dutch, English, french, german, Italian, Japanese, Portuguese, Russian, Spanish, Turkish|
The number of trading platforms associated with AVATrade is one of the impressive aspects of AVATrade.
It has something to offer to all kinds of traders, let the trader be a beginner or a seasoned veteran. AVATrade provides all types of trading on the MetaTrader 4 and MetaTrader 5 platforms.
It’s available for all its accounts except the Options Account. Options account requires the use of A.V.A. Options trading platform. A.V.A. has a few trading platforms, which are as follows:
- MetaTrader 4, a third-party platform
- MetaTrader 5, a third-party platform
- Meta Trader for Mac, a third-party platform
- Meta Trader for mobile trading, a third-party platform
- WebTrader, AVATrade’s platform
- AVAOptions, AVATrade’s platform
Features of the Trading Platforms
Apart from these, AVATrader also features a few automated trading software. This makes it more convenient for all types of traders.
The software is RoboX, Mirror Trader, MQL5 Signal Service, API Trading, Duplitrade.
Based on experts’ research, it’s known that WebTrader and MetaTrader 4 are the most popular among users.
A little contrasting to that is the lesser-known fact. Most of the EFTs, CFDs and individual stocks are available to trade on MetaTrader 5.
They’re not available on MetaTrader 4 or the WebTrader platform.
Like we mentioned before, WebTrader is very well-designed. A newbie can also handle the platform with ease.
On a counter-part, it’s non-customizable: you can’t change the icons or tabs’ size and position.
Yet, the search options in WebTrader is at ease to use. One can start by typing the asset’s name or click on one of the asset categories.
Placing an order is a straightforward process. Although you can place your orders in Market, Limit, and Stop sorts.
There’s also a Good ’til time (GTT) order time you can use to set an exact time and date for the order’s expiry.
AVATrade Platforms available in the following Languages
WebTrader is available for its users in many languages, they’re as follows:
English, German, Spanish, Portuguese, Italian, Russian.
AVATrade Mobile App
AVATrade offers a mobile application for phones. It’s available for both kinds of operating systems, iOS, and Android OS. It’s the ‘AVATrade Go’ mobile app.
The app is available in the respective app stores. You can log in to your account, and view all the account details, and have the privilege of a wide range for trading.
The mobile application supports many accounts at once, including many MetaTrader 4 applications.
The vital features like Watchlist, Charting, and Fast Trade Entry are easy to use in the mobile application.
But, mobile phone applications’ features are a bit lesser than what you do on a Computer. Yet, mobile trading is valuable.
Check out Mobile Apps of more Forex Brokers
AVATrade Commission or Brokerage or Fees
All the trade options need to pay fees or are chargeable, including Cryptocurrencies. Pricing with CFDs is not transparent.
The simple trade fees, we produce when trading in Stocks or Bonds or any other investments in the traditional markets are transparent.
Apart from this, please also note that AVATrade can get you to a Leveraged position at a lower cost, which is an essential factor.
- C.F.Ds position held overnight is chargeable an overnight premium charge, anywhere from -0.0111% to -0.0166%. If we hold a position over weekends, we’ll have to pay three-day swap charges, which are generally charged on Wednesday.
- Trading in Commodities and indices charge about -0.0042% to -0.0053%
- Bonds charge about -0.0042%
- Trading in Options CFDs charge -0.012%
- Trading in E.F.T.s change about -0.0111% to -0.0166%
And trading in Forex and Cryptocurrencies charged based on the currencies.
|Commission on trades||No|
AVATrade Account Opening Process
It’s a simple procedure, which requires your name, email, a valid copy of the Government ID, and a utility bill from the last six months or a bank statement.
It’d require you to add the necessary credentials that we generally use on any other social media platforms.
After which, you answer a couple of questions assessing your level of understanding of trading.
You’re then required to verify your identity and residency by uploading any government I.D. along with the utility bill for the past six months or a bank statement.
AVATrade Exposure or Leverage
Leverage at Avatrade will vary by the asset and the country of origin of the trader. Maximized leverage is possible with a professional account if traders are operating from Europe.
One of the most distinctive privileges offered by AvaTrade is the AvaProtect. It’s more like insurance that you can buy for a pre-decided fee.
It’s dependent on the tenure you want your trade to be under the insurance or backed for. The tenure could be one hour or one day as well.
If at all we have any losses on that particular trade, AvaTrade will reimburse your losses. Note that we can’t use this feature on limited orders.
It’s available only on market orders. In contrast, you can’t set a price alert and notification.
AVATrade provides a very clear portfolio and fee reports. It’s easy to find it, click on the ‘History’ section. Also, you can see the swaps charged if you click on the position.
Payment Methods provided by AVATrade
Once you create your account, you can fund yourself with different payment methods. Methods like linking a supported country’s bank account or currencies are available.
|Deposit Options||Boleto, Credit Card, Neteller, PayPal, QIWI, Skrill, Wire Transfer|
|Withdrawal Options||Boleto, Credit Card, Neteller, PayPal, QIWI, Skrill, Wire Transfer|
We can deposit using Credit cards, wire transfers, or any electronic fund transfer, depending on the country.
Apart from this, AVATrader imposes no extra fees on any deposits or withdrawal. Beyond that, the mechanism might sometimes charge.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by AVATrade
AVATrade offers a wide array of trading options. The traders now can also trade in financial trading instruments. Investors can trade in the:
Forex: Over 50 Currency pairs are available. These including all majors, minors, and many other options available 24/7. Leverages here are up to 400:1
Cryptocurrency: There are four different cryptocurrencies in AVATrade that are available. Ripple, Ethereum, Bitcoin, and Bitcoin Cash. Cryptocurrencies are currently unavailable in Canada.
Indices, Bonds, Stocks, ETFs, and Commodities. Financial assets like these are always given the highest Leverages in AVATrade.
Options: AVATrader has reduced the complexities in options trading. Also opened up a wide array of opportunities. There are no experience restrictions.
This enables curious traders also to know more about using these products.
|Supported Cryptocoins||bitcoin, dash, eos, ethereum, litecoin, neo, ripple, stellar|
|Total Tradable Assets||1250|
|Number Of Currency Pairs||55|
|Number Of Cryptocurrencies||14|
|Number Of Stocks||722|
|Number Of Indices||28|
|Number Of Commodities||32|
|Number Of Futures||NA|
|Number Of Options||44|
|Number Of Bonds||2|
|Number Of ETFs||59|
AVATrade Virtual Trading Account or Demo Account
Demo accounts are also one of the primary criteria for the newbies entering the trading markets. And AVATrade offers a Free Demo Account for everyone.
The demo account is a replica of the standard version with the virtual money. One can learn from this application about all the tools and indicators.
|Virtual Money||$ 5000|
It’s simple and painless to use. It only requires a Name, Email address, and phone number.
AVATrade Offers or Deals
AVATrade, like any other platform, gives a joining bonus. This is available after registering of live account and depositing the least fund.
These may vary from geographical locations. Offers overnight support for about a year in options trading platform.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||No|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||Yes|
|Trading Bonuses & Rewards||Yes|
AVATrade Regulation or Licensing
AVATrade is widely accepted in European countries. It’s regulated by the Central Bank of Ireland, under the license number: C53877.
In Australia, it’s licensed by the Australian Securities and Investment Commission (ASIC). Under license number 406684.
In Japan, it’s licensed by the Financial Services Agency (F.S.A.). Under the license number: 1662 and also licensed by the F.F.A. under the license number: 1574.
In South Africa, it’s licensed by the Financial Stability Board (F.S.B.) under the license number: 45984. The firm is also now open in Canada in Collaboration with Friedberg Direct.
It is a division of Friedberg Mercantile Group Ltd. A member of IIROC (Investment Industry Regulatory Organization of Canada).
The CIPF: Canadian Investor Protection Fund, and many other Canadian Exchanges.
|Regulations||ASIC, BVI, CBI, CySEC, FSA(JP), FSC, FSCA|
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
Here are some of the major features of the forex broker –
- Web Trading has features that include live trading.
- There are options to view customized charts on the same screen.
- Supports 41 different languages.
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
- Options Trading platform comes with a Risk-management feature. This is a customizable interface on a desktop. This includes advanced stop and limit orders features on both calls and put orders.
- Automation in MetaTrader 4 operates while connected to the DupliTrade account. ZuluTrade is another extended add-on that executes automated trades in your account.
- The Expert Advisors at AVATrade are the bots that can trade on your behalf. These are easy-to-program trading bots. They can open and close positions based on your particular parameter.
- AVATrade Guardian Angle is another feature that analyses your account. It helps you trade at a lower risk, identifies mistakes, and helps improve your efficiency.
AVATrade Account Types
Take a look at the types of accounts that the company is offering:
|Account Type||Retail Account||Professional Account|
|Initial Deposit||100 USD||100 USD|
|Spread||Fixed spreads that start from 0.9 pips.||fixed spreads that start from 0.9 pips|
AVATrade has a simple understanding of the types of accounts that are available. There’re only two types of accounts for most traders: a demo account and a standard account.
A standard account opens with just USD 100 using credit cards or with USD 500 in case of a wire payment.
In case there’re Muslim traders, they’re offered a ‘swap-free account’. These follow the ‘Islamic Sharia Principle’ of Interest-free trading.
Although it’s simple, the following are a few other classification options:
- Retail Account: Owned by an individual
- Islamic Account: Swap-free account
- Professional Account: Owned by a legal entity or an organization
- Options account: to trade in Forex Options.
- Spread Betting Account: Only for the citizens of the U.K. and Ireland.
AVATradeTrading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||Market Maker|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
AVATrade – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
The major benefits of using AVATrade are:
- High Leverages
- Good features to enhance your trading.
- Fewer commissions or fees
- No charge on withdrawals or deposits
- Trading options available for 24 hours and seven days.
- Good customer care support system
AVATrade Cons or Drawbacks
- High Fees for inactivity
- Forex trading fees are average.
- The withdrawal time is about three days.
- No two-step login, which decreases safety to a certain extent
- No price alerts
- Limited Customization
- Mobile trading platforms are only in English.
- There’s no fundamental data available on stocks.
- No 24/ 7 customer support
AVATrade Trading Hours
The Forex Broker, AVATrade is one of the only few trading platforms that offer 24/7 trading options for all its traders.
AVATrade Customer Care or Contact Details
AvaTrade offers excellent customer support via several multilingual options. The options include live chat, email, F.A.Q. Page, social media, fax, and through telephone.
Telephone support is available in several languages and countries. It includes 21 countries. European countries, two in Africa, six in Asia, four in South America, two in the Middle East, and Australia.
The support offered is prompt and informative from local customer support representatives. The recent partnership in Canada.
For example, gives customers access to customer services of locally based Friedberg Direct.
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||Arabic, English, French, German, Portuguese, Russian, Spanish|
AVATrade Safety & Security
AvaTrade and all its allied applications do not have a feature that enables the two-step login, making it a little less secure.
Be it a Mobile phone or a Computer application. it gives alerts for Negative balance protection. Majority of the trader belongs to a top-tier financial authority.
Also, Several authorities regulate AvaTrade, which are as follows:
- The Central bank of Ireland
- The B.V.I. Financial Services Commission on the British Virgin Islands
- The Australian Securities and Investments Commission (ASIC)
- The Financial Sector Conduct Authority (FSCA) in South Africa
- The Japanese Financial Services Agency (F.S.A.)
- The Financial Futures Association of Japan (FFAJ)
- The Abu Dhabi Global Market Authorities Financial Services Regulatory Authority (ADGM – FSRA)
AVATrade Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.5 / 10|
|Products & Services||7.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.2 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||8.0/ 10|
|Total Client Reviews||65|
AVATrade Forex Trading – Conclusion or Verdict
Several authorities regulate AVATrade. Thus it’s considered safe. Considering the Seamless and hassle-free account opening procedure.
Now you can enjoy the charge-less withdrawal and deposit options. There are also a lot of user-friendly tools for research available.
End of the discussion, I’d like to say that AVATrade has many benefits over other competitors. These make AVAtrade a widely chosen platform with a big margin.
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