AvaTrade review: AvaTrade is a well-established online trading platform that offers a wide range of financial instruments to traders around the world. With over a decade of experience in the industry, AvaTrade has gained a reputation for its user-friendly interface, diverse asset selection, and comprehensive trading tools.
One of the key features of AvaTrade is its extensive range of tradable assets. Traders can access various markets, including forex, stocks, commodities, cryptocurrencies, and indices, allowing them to diversify their portfolios and explore different investment opportunities. This broad selection appeals to both beginner traders looking to start with popular assets and experienced traders seeking more niche options.
The platform itself is designed with simplicity in mind, making it accessible to traders of all skill levels. The user interface is intuitive and easy to navigate, enabling users to quickly execute trades, monitor their positions, and access relevant market information. Additionally, AvaTrade offers a variety of trading platforms, including the popular MetaTrader 4 and MetaTrader 5, catering to different trading preferences.
Trading Terminals:
| 💵 Currency: | AUD, JPY, GBP, USD, EUR, CHF |
| 💰 Min deposit | 100$ |
| ⚖️ Leverage | Up to 1:400 (subject to regulatory restrictions) |
| 💱 Spread | Floating spreads starting from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, Commodities, Cryptocurrencies, Bonds, ETFs |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | AvaTrade has multiple offices worldwide, including Dublin, Ireland |
Overall AvaTrade Review
Overall, AvaTrade offers a comprehensive trading experience with its wide range of assets, user-friendly interface, educational resources, and customer support. However, as with any trading platform, it's essential for traders to conduct their own research, understand the risks involved, and make informed decisions based on their individual financial goals and risk tolerance.
Go to AvaTrade website
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Top Reviews
Best customer reviews of AvaTrade
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
AvaTrade provides excellent educational resources for traders. Their extensive collection of webinars, video tutorials and eBooks has been instrumental in improving my trading skills. The content is well structured and covers a wide range of topics from beginner to advanced strategies. I especially appreciate their market analysis, which provides valuable insight into current market trends. The educational resources helped me make more informed trading decisions and contributed to my overall success as a trader. I highly recommend AvaTrade to traders looking to upgrade their knowledge and skills.
Japan
Their support team is generally responsive, there have been instances where I have encountered delays in getting answers to my queries. It took longer than expected to get help on some account related issues. While this was not a major problem, it did create some inconvenience and affected my overall impression of the platform. I believe AvaTrade could improve their response times to provide more efficient and timely support to their customers.
Malaysia
The platform often crashes and hangs, especially during periods of high volatility. This leads to missed trading opportunities and frustration. In addition, the platform's charting tools lack advanced features, making detailed technical analysis difficult. I also occasionally encountered delays in trade execution, which had a negative impact on my trading results. Overall, I find the AvaTrade platform unreliable and not suitable for advanced or high frequency trading. I would advise traders to consider alternative platforms with more stable and reliable trading technology.
South Africa
Expert Review
Expert Review of AvaTrade
AvaTrade is a highly reliable and reputable online trading platform, known for its commitment to providing a secure and trustworthy trading environment. As a financial expert, I can confidently affirm that AvaTrade has established itself as a reliable option for traders seeking to engage in various financial markets.
In terms of security, AvaTrade prioritizes the safety of its users' funds. The platform utilizes advanced encryption technology to safeguard personal and financial information, ensuring that sensitive data is kept confidential. Additionally, client funds are held in segregated accounts, separate from the company's operational funds, providing an extra layer of protection.
AvaTrade's reliability is further reinforced by its robust trade execution system. The platform offers fast and efficient order execution, minimizing slippage and providing traders with optimal trading conditions. The availability of multiple trading platforms, including the popular MetaTrader 4 and MetaTrader 5, ensures stability and reliability in executing trades.
In conclusion, as a financial expert, I can attest to the reliability of AvaTrade as an online trading platform. Its strong regulatory compliance, emphasis on security, robust trade execution, and excellent customer support make it a trustworthy choice for traders seeking a reliable and secure trading environment.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on AvaTrade, like any other financial market, carries inherent risks that traders need to be aware of. It is important to understand that trading involves the potential for both profits and losses, and these risks should be carefully considered before engaging in any trading activities.
Copy Trading
Investment Programs
Copy trading on AvaTrade provides an opportunity for traders to automatically replicate the trades of more experienced and successful traders. It is a popular feature that allows individuals with limited trading knowledge or time to participate in the financial markets and potentially generate profits.
AvaSocial – This is an innovative feature that allows users to automatically copy trades of experienced traders.
With copy trading, users can browse through a selection of experienced traders, review their performance history, and select the ones they want to follow. Once the desired traders are chosen, their trades are automatically copied into the user's account. This means that whenever the chosen trader executes a trade, it is replicated in the user's account with proportional position sizes.
Overall, copy trading on AvaTrade can be a valuable feature for traders seeking to benefit from the expertise of others. However, it is essential to conduct thorough research, exercise due diligence, and carefully manage risk to maximize the potential benefits of copy trading.
Remember, copy trading does not guarantee profits, and it's important to do your own research and due diligence when selecting traders to copy. Additionally, closely monitor your account, manage your risk exposure, and be aware of the potential risks associated with copy trading.
Please note that the specific steps and features of AvaSocial may be subject to change, so it's always best to refer to the official AvaTrade website or contact their customer support for the most up-to-date and accurate information on how to use AvaSocial.
The key distinction of AvaSocial from other platforms is its integrated social trading community. Unlike other platforms that solely focus on copy trading functionality, AvaSocial offers a comprehensive social trading experience. It allows traders to connect, interact, and share insights within a vibrant community of traders.
Disclaimer: AvaTrade, like any other trading platform, carries inherent risks that traders should be aware of. The financial markets are subject to volatility, and prices can fluctuate rapidly, leading to potential gains or losses. Traders should carefully consider their risk tolerance and only trade with funds they can afford to lose. Additionally, market conditions, economic events, and unexpected news can impact the performance of trades. Traders should stay informed, conduct thorough analysis, and implement proper risk management strategies to mitigate potential losses. It is crucial to understand that trading involves risks, and past performance is not indicative of future results.
Best Copy Trading Platforms
Conditions
Trading Conditions for AvaTrade Traders
Trading Terminals:
AvaTrade offers competitive trading conditions to traders, providing them with a range of features and options to enhance their trading experience. Here are some key trading conditions offered by AvaTrade:
- Tradable Instruments: AvaTrade provides access to a wide variety of financial instruments, including forex currency pairs, stocks, indices, commodities, cryptocurrencies, and more. This diverse selection allows traders to diversify their portfolios and take advantage of various market opportunities.
- Leveraged Trading: The maximum leverage available for retail accounts is typically up to 1:30 for major currency pairs, and it may vary for different instruments and regions, depending on regulatory restrictions. Professional accounts may have access to higher leverage, which can go up to 1:400.
- Competitive Spreads and Fees: The platform aims to provide competitive spreads on its trading instruments, reducing the cost of trading for its clients. The specific spreads and fees may vary depending on the account type and market conditions, but overall, AvaTrade strives to offer cost-effective trading conditions.
- Multiple Trading Platforms: AvaTrade offers a selection of user-friendly and technologically advanced trading platforms, including MetaTrader 4, MetaTrader 5, AvaTradeGO, and its proprietary platform AvaOptions. Traders can choose the platform that best suits their trading preferences and access a wide range of trading tools and indicators.
- Risk Management Tools: The platform provides risk management tools to help traders protect their positions and manage risk effectively. These tools may include stop-loss orders, take-profit orders, and various order types to automate trade execution and implement risk management strategies.
- Deposit Requirements: The minimum deposit required to open an account with AvaTrade can vary depending on the account type and region. In some cases, it can start from as low as $100, but it's important to note that the required deposit may be higher for certain account types or regions.
- Customer Support: The platform offers dedicated customer support, available 24/5, to assist traders with any inquiries or technical issues they may encounter. The support team is responsive and knowledgeable, providing assistance in multiple languages.
It's important for traders to review and understand the specific trading conditions, including spreads, leverage, fees, and order execution, for their chosen trading instruments and account types offered by AvaTrade. By being aware of the trading conditions, traders can make informed decisions and optimize their trading strategies accordingly.
| 💵 Currency | AUD, JPY, GBP, USD, EUR, CHF |
| 💰 Min deposit | 100$ |
| ⚖️ Leverage | Up to 1:400 (subject to regulatory restrictions) |
| 💱 Spread | Floating spreads starting from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, Commodities, Cryptocurrencies, Bonds, ETFs |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Various methods including bank transfers, credit/debit cards, electronic wallets (e.g., Skrill, Neteller) |
| 🏦 Broker Type: | Market Maker |
| 📞 Customer Service | 24/5 phone, live chat, and emai |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | AvaTrade has multiple offices worldwide, including Dublin, Ireland |
Risk Warning
Comparison
Comparison of AvaTrade with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
AvaTrade Accounts, Commissions & Fees
AvaTrade offers different types of trading accounts, each with its own features, commissions, and fees. Here is an overview of AvaTrade's account types and associated costs:
- Retail Accounts: The platform offers retail accounts that cater to individual traders. These accounts typically have no commissions on trades and instead charge spreads, which are the difference between the buying and selling prices of a trading instrument. The spreads can vary depending on the account type, market conditions, and the specific instrument being traded.
- Professional Accounts: Qualified professional traders have the option to apply for a professional account. Professional accounts may offer lower margin requirements and access to higher leverage. The specific commissions and fees for professional accounts may vary based on the trading activity and agreement with AvaTrade.
It's important to note that while AvaTrade may not charge commissions on trades, there are other potential costs associated with trading, such as overnight financing charges (swap fees) for holding positions overnight, inactivity fees for dormant accounts, and potential withdrawal fees. These fees and charges can vary based on the account type, trading activity, and specific terms and conditions.
Traders are encouraged to review the relevant account information and fee schedule provided by AvaTrade to understand the specific commissions and fees associated with their chosen account type and trading activity.
| Account Type | Retail Account | Professional Account |
|---|---|---|
| Leverage | Up to 1:30 (varies) | Up to 1:400 (varies) |
| Minimum Deposit | 100$ | Varies |
| Commission | No commissions | No commissions |
| Spreads | Floating from 0 pips | Floating from 0 pips |
| Eligibility | N/A | Qualification criteria apply |
| Account Manager | N/A | ✅ |
| Islamic Account | ✅ | ✅ |
| Professional Tools | N/A | Additional professional tools available |
| Educational Resources | ✅ | ✅ |
Please note that the specific features, requirements, and availability may vary based on your location and regulatory restrictions. It's always recommended to refer to the official AvaTrade website or contact their customer support for the most up-to-date and accurate information regarding account types and their features.
Islamic Accounts: AvaTrade provides Islamic accounts, also known as swap-free accounts, which comply with Islamic Shariah principles. These accounts are designed for traders who wish to trade in accordance with Islamic finance principles and do not incur swap or rollover interest charges on overnight positions.
Risk Warning
Final review
Detailed review of AvaTrade
AvaTrade is a reputable online broker known for providing access to a diverse range of financial markets. Regulated by reputable authorities such as the Central Bank of Ireland, the Financial Services Commission of the British Virgin Islands, and the Australian Securities and Investments Commission, AvaTrade ensures a high level of safety and security for client funds.
AvaTrade is an excellent choice for novice traders seeking a reliable forex broker.
Traders on AvaTrade have the opportunity to trade various instruments across multiple markets. This includes forex currency pairs, stocks, indices, commodities, cryptocurrencies, bonds, and ETFs. Such a wide selection of trading options allows traders to diversify their portfolios and take advantage of different market opportunities.
The platform caters to different types of traders with its various account types. Retail accounts are suitable for individual traders, while professional accounts offer additional benefits and features for qualified traders. Islamic accounts, following Islamic finance principles, are also available. Leverage options vary depending on the account type, with retail accounts typically offering leverage of up to 1:30 and professional accounts potentially providing higher leverage of up to 1:400.
Customer support is available 24/5 through various channels, including phone, live chat, email, and forums. The AvaTrade support team is known for its professionalism and responsiveness in addressing traders' inquiries and technical issues.
Overall, AvaTrade provides a comprehensive trading experience with a wide range of instruments, competitive spreads, reliable platforms, educational resources, and robust customer support. Traders can feel confident in the broker's regulatory compliance and commitment to security. However, it is always important for traders to conduct their own research, consider their individual trading needs and risk tolerance, and carefully review the terms and conditions before engaging in trading activities with any broker.
Advantages:
AvaTrade Regulator
Central Bank of Ireland (CBI)
Central Bank of Ireland (CBI): The Central Bank of Ireland regulates AvaTrade's operations in Ireland, where the company's headquarters are located. The CBI ensures compliance with financial regulations, promotes stability in the Irish financial system, and protects the interests of consumers. Its oversight helps maintain the integrity and transparency of AvaTrade's operations within Ireland.
Regulator website: Central Bank of Ireland (CBI)
Financial Services Commission (FSC)
Financial Services Commission (FSC) of the British Virgin Islands (BVI): AvaTrade is regulated by the FSC of the BVI for its operations in the British Virgin Islands. The FSC is responsible for supervising and regulating financial services providers in the BVI. Its oversight helps ensure that AvaTrade operates in accordance with applicable laws and regulations, providing a secure trading environment for clients.
Website: Financial Services Commission (FSC)
Australian Securities and Investments Commission (ASIC)
Australian Securities and Investments Commission (ASIC): For its operations in Australia, AvaTrade is regulated by ASIC. ASIC is Australia's corporate, markets, and financial services regulator. Its role is to enforce and regulate company and financial services laws to protect consumers, investors, and creditors. Under ASIC's supervision, AvaTrade must comply with regulatory requirements to maintain transparency and protect the interests of Australian clients.
Website of the regulatory organization: Australian Securities and Investments Commission (ASIC)
Risk Warning
Promotions
Bonuses Paid by the AvaTrade
AvaTrade offers a referral program, a welcome bonus, and a loyalty program to provide additional benefits to its clients.
Referral Program
AvaTrade has a referral program where existing clients can refer friends, family, or acquaintances to join AvaTrade. When a referred person opens an account and meets certain requirements, both the referrer and the referred client can receive benefits, such as bonus funds or other incentives. The specific details and terms of the referral program may vary, so it's advisable to check the official AvaTrade website for the most up-to-date information.
Welcome Bonus
AvaTrade occasionally offers welcome bonuses to new clients who open an account and meet specific criteria. These bonuses can provide additional trading funds or other incentives to enhance the trading experience. The availability and terms of the welcome bonus may vary based on the client's jurisdiction and the promotional campaign in effect at the time of account opening. Traders should review the terms and conditions associated with the welcome bonus before accepting it.
Loyalty Program
AvaTrade has a loyalty program designed to reward clients for their continued trading activity and loyalty. The program offers various benefits, such as exclusive promotions, personalized support, access to educational resources, and potentially enhanced trading conditions. The loyalty program may have different tiers or levels, and clients can progress based on their trading volume or other criteria. The specific details of the loyalty program can be obtained from AvaTrade's website or by contacting their customer support.
Education
Review of the AvaTrade Education Program
AvaTrade offers a comprehensive education program to support traders in enhancing their knowledge and skills. The education program provides a range of resources and tools designed to cater to traders of all experience levels. Here is a review of the AvaTrade education program:
The AvaTrade education program is designed to cater to traders of all levels, from beginners to experienced professionals. The resources and tools offered are accessible and cover a wide range of trading topics, providing traders with valuable insights and practical guidance. Whether traders are looking to learn the basics of trading or enhance their existing skills, the AvaTrade education program offers a comprehensive learning experience.
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Rating and Comments
AvaTrade Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
great exchange!
Their customer service is somewhat lacking. There were times when it took longer than expected to resolve my questions, which frustrated me. Also, I think their commissions could have been more competitive compared to other brokers in the market. Overall, AvaTrade has its merits, but there is also room for improvement.
I had a disappointing experience with AvaTrade. First of all, their platform is quite unstable, with frequent crashes and delays in trade execution. This led to missed trading opportunities and losses. Also, their support team was unresponsive and unhelpful when I tried to solve these problems. Finally, I found their commissions to be very high compared to other brokers offering similar services. Unfortunately, I cannot recommend AvaTrade based on my negative experience.
The user interface is intuitive and easy to navigate, and the speed of execution is impressive. I haven’t experienced any problems with deposits or withdrawals, and their support team is always prompt and friendly. AvaTrade has definitely improved my trading experience and I highly recommend them.