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Review

AvaTrade Review: Can You Trust Them?

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Overview

Risk Warning: Your Capital is at Risk

AvaTrade is an online brokerage firm offering its customers access to forex and Contracts for Difference (CFD) trading in shares, bonds, indices, ETFs, commodities and cryptocurrencies. The firm also offers spread betting to residents of the United Kingdom and Ireland. CFDs allow traders to speculate on the price of assets without actually owning them in their accounts.

AvaTrade customers have access to several customizable trading platforms. Traders can choose between the proprietary AvaTradeGo platform and the industry-leading MetaTrader4 (MT4) platform for manual trading. Both offer full mobile trading supports. Traders also have automated trading platform choices including ZuluTrade, which can be integrated into MT4, downloaded as an app or traded over the web.

Please remember, while AvaTrade is a responsible broker, losses can still exceed deposits. CFD trading is for experienced traders.

This AvaTrade review will cover all of the important details about the broker and discuss its major advantages and disadvantages.

Why Choose AvaTrade?

What's Good About AvaTrade?What Could AvaTrade Do Better?
Tick IconTrustworthy broker (we scored AvaTrade 75/100 in our broker trust rating)Demo account limited to 21 days
Tick IconIslamic accounts availableHigh minimum deposit amounts
Tick Icon9 cryptocurrencies available to trade, which is more than most other brokersAUD and GBP currencies only available to Australian and British clients, respectively
Tick IconWelcoming bonus for first deposit (worth 25% of your deposit, up to 10,000)Withdrawals can take up to 10 days - however, they do tend to be 1/2 working days
Tick IconSmooth, easy-to-use platformMT4 platform lacks any standout features
Tick IconUp to 400:1
leverage
Tick Icon24/5 customer support via phone, live chat or email in multiple languages

AvaTrade - Essential Information

 AvaTrade Logo
www.avatrade.co.uk
OverviewOne of the UK's top spread betting & CFD providers
Our Overall Rating
Broker Trust Rating75/100
Founded2006
Number of Customers200,000
ProductCFDs
Forex
MarketsIndices
Shares
Bonds
Commodities
Cryptocurrencies
ETFs
Countries ServedMore than 150
Minimum DepositVaries depending on the account type
FeesAvaTrade is a no-commission broker. It makes money through the market bid/ask spread (See below). See here for full list of fees
Regulator(s)Central Bank of Ireland
Australian Securities & Investments Commission (ASIC)
Financial Services Agency - Japan
Financial Services Board – South Africa
Customer Support24/5 email, live chat and phone in 14 languages
Demo AccountYes - for 21 days

History of AvaTrade

AvaTrade was founded in Dublin, Ireland, in 2006 by Emanuel Kronitz and Negev Nosatzki. The firm began operations as forex trading firm Ava FX, but soon branched out into other asset classes. In 2013, the firm recognized that it had become a multi-asset brokerage firm and rebranded itself as AvaTrade. Today the firm serves over 200,000 clients who place over 2 million trades every month.

AvaTrade has its administrative headquarters in Dublin, Ireland, and regional offices in Paris, Dublin, Milan, Tokyo and Sydney. The firm also has a presence in Madrid, Mongolia, China, Nigeria, Chile and South Africa.

AvaTrade is regulated by the following entities:

  • AVA Trade EU Ltd is regulated by the Central Bank of Ireland. (C53877). The MiFID Directive provides a passport, which allows the entity to operate throughout the European Union
  • Ava Capital Markets Australia Pty Ltd is licensed by ASIC in Australia (No. 406684)
  • Ava Trade Japan K.K. is licensed by the FSA Japan #1662 & the FFAJ (No. 1574)
  • Ava Capital Markets Pty Ltd is licensed in South Africa by the FSB license No. 45984
  • AVA Trade Ltd is regulated by the B.V.I Financial Services Commission

AvaTrade offers customers dedicated 24/5 customer support in 14 languages. Traders can contact the AvaTrade customer service support team by phone, email and live chat. AvaTrade traders can view the website in multiple languages.

Where Does AvaTrade Operate?

AvaTrade serves customers in over 150 countries and is available in the following languages:

  • Dutch
  • English
  • Finnish
  • French
  • Italian
  • German
  • Korean
  • Spanish
  • Portuguese
  • Arabic
  • Russian
  • Chinese
  • Swedish
  • Turkish

IMPORTANT: CFDs are not available in the USA due to local regulation, and this regulated CFD broker does not accept US citizens or US residents as clients.

Can I Trust AvaTrade?

AvaTrade is regulated by several well-respected international regulatory bodies. However, the firm has been sanctioned by regulators in the past two years for its actions in Belgium, Israel and Canada.

AgencyDateViolationFine Amount
Financial Services and Markets Authority (FSMA)August 2017
  • Failure to provide a prospectus in connection with a public offer of investment instruments in Belgium
  • Failure to seek approval from FSMA for advertisement or other document relating to the said public offers
  • €175,000
    Israel Securities Authority (ISA)May 2017ATrade subsidiary (atrade.co.il) of global retail forex broker AvaTrade has been fined due to a misleading video the company circulated as part of a recent promotional campaign150,000 NIS (New Israeli Shekel)
    British Columbia Securities CommissionMay 2016Issued regulatory warning for placing advertising despite not being registered to trade in, or advise on, securities or exchange contracts in British ColumbiaN/A

    The following are the major regulatory bodies that oversee the activities of AvaTrade and its subsidiaries.

    RegulatorCountries CoveredProtections Offered
    Central Bank of IrelandIreland, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United KingdomAll client funds are held in a segregated client bank account
    Australian Securities & Investments Commission (ASIC)AustraliaAll client funds are held in a segregated client bank account
    Financial Services Agency - JapanJapanAll client funds are held in a segregated client bank account
    Financial Services Board – South AfricaSouth AfricaAll client funds are held in a segregated client bank account

    AvaTrade Trust

    Central Bank of Ireland

    The Central Bank of Ireland engages in regular correspondence and engagement with firms under its supervision, analysis of documentation submitted to the Central Bank and inspections of member firms.

    The AvaTrade EU Limited reference no. is C53877.

    Australian Securities and Investments Commission

    The Australian Securities and Investments Commission (ASIC) regulates the activities of AvaTrade in Australia.

    ASIC’s oversight of AvaTrade means that client money is held in a trust and completely separate from AvaTrade’s own money. Unlike some other jurisdictions, however, if you are based in Australia, there is no additional compensation scheme in place to cover your deposit. That doesn’t mean it isn’t safe to deposit with AvaTrade if you’re in Australia. Rather, you are offered only the legal protection afforded by the Australian legal system. That being said, money held in trust in Australia is highly regulated and covered by the Corporations Act.

    The AvaTrade Australian Financial Services License reference number is 406684.

    Financial Services Agency

    Financial Services Agency (FSA) in Japan regulates major banks and brokers, foreign bank branches, regional financial institutions, insurance companies, financial services companies, credit rating agencies, trust companies, financial conglomerates, money lenders, credit guarantee corporations and the general infrastructure of financial markets.

    Ava Trade Japan K.K. is licensed by the FSA Japan #1662.

    Financial Services Board

    Financial Services Board (FSB) regulates the non-banking financial services industry, which includes retirement funds, short-term and long-term insurance companies, funeral insurance, individual and collective investment schemes, including unit trusts and stock markets, and financial advisors and brokers.

    FSB ensures that South African traders receive fair treatment from financial service providers. The agency has departments that oversee all facets of investing including consumer education, credit ratings and financial advisory services.

    AvaTrade received FSB license No. 45984.

    Who Runs AvaTrade?

    Key AvaTrade Executives

    NamePositionInformation
    Dáire Ferguson
    Daire Ferguson
    Chief Executive OfficerFerguson came to AvaTrade after serving as the European & Asian Senior Treasury Manager at pharmaceutical company Bristol Myers Squibb. He holds degrees in Computers and Business from University College Dublin, Ireland and from Lindenwood University, Missouri, USA.
    Joseph Seery
    Joseph Seery
    Chief Financial OfficerSeery has more than 25 years' finance experience. He served as CFO for six years at Harkness Screens before joining AvaTrade. He is a Chartered Accountant and holds a Business Studies degree from University of Limerick, Ireland.
    Turlough McIntyre
    Turlough McIntyre
    VP, Risk ManagementMcIntyre has more than 9 years' worth of financial markets experience. He previously worked for Allied Irish Bank and holds a degree in Single Honours Mathematics from the National University of Ireland, Maynooth, a Master of Science in Finance and Capital Markets from Dublin City University and a Master of Arts in Mathematics from the National University of Ireland, Galway.
    Ian Webb
    Ian Webb
    VP, ComplianceWebb has more than 15 years' compliance experience in the financial services industry. Before joining AvaTrade he served as Head of Compliance and MLRO at Citco Bank Nederland N.V. He holds diplomas in Compliance from The Irish Institute of Banking and Financial Regulation from the National College of Ireland.

    AvaTrade Trading Products

    AvaTrade offers customers forex and CFD trading in more than 250 financial instruments. AvaTrade divides the products it offers to traders into six categories: forex, indices, shares, ETFs, commodities and cryptocurrencies.

    1) Forex

    AvaTrade provides its traders with access to more than 50 forex pairs, including all the major currency pairs, minors and exotics.

    See all AvaTrade’s Forex

    Instrument
    AUD/CAD
    AUD/CHF
    AUD/JPY
    AUD/NZD
    AUD/USD
    CAD/CHF
    CAD/JPY
    CHF/HUF
    CHF/JPY
    EUR/AUD
    EUR/CAD
    EUR/CHF
    EUR/DKK
    EUR/GBP
    EUR/HUF
    EUR/JPY
    EUR/NOK
    EUR/NZD
    EUR/PLN
    EUR/RUB
    EUR/SEK
    EUR/TRY
    EUR/USD
    EUR/ZAR
    GBP/AUD
    GBP/CAD
    GBP/CHF
    GBP/HUF
    GBP/JPY
    GBP/NZD
    GBP/SEK
    GBP/SGD
    GBP/USD
    NZD/CAD
    NZD/CHF
    NZD/JPY
    NZD/USD
    USD/CAD
    USD/CHF
    USD/CNY*
    USD/DKK
    USD/HUF
    USD/JPY
    USD/MXN
    USD/NOK
    USD/PLN
    USD/RUB
    USD/SEK
    USD/SGD
    USD/TRY
    USD/ZAR
    USD/CLP
    USD/ILS
    EUR/ILS
    GBP/ILS
    NOK/JPY
    ZAR/JPY
    PLN/JPY
    SEK/JPY
    TRY/JPY

    Forex traders also have access to options trading on some pairs.

    2) Indices

    AvaTrade offers CFD markets on 19 stock indices:

    See all AvaTrade’s Indices

    Instrument
    S&P500
    NASDAQ 100
    DJ 30
    CAC 40
    DAX 30
    FTSE 100
    FTSEMIB
    RUSSELL2000
    DJ EURO STOXX50
    SMI
    MSCI
    NIKKEI225
    IBEX 35
    HSI
    OMX30
    SPI 200
    DOLLAR INDEX
    AEX
    CHINA A50

    3) Shares

    AvaTrade currently offers more than 100 different stocks to UK traders, including the following:

    • Apple
    • Barclays
    • Berkshire Hathaway
    • Coca-Cola
    • Google
    • Groupon
    • Telefonica

    4) ETFs

    AvaTrade customers can trade CFDs on the following ETFs:

    See all AvaTrade’s ETFs

    MSCI Emerging Markets Index Fund
    S&P 500 VIX Short-Term Futures ETN
    MSCI Brazil Index Fund
    Energy Select Sector SPDR
    Market Vectors TR Gold Miners
    VelocityShares Daily Inverse VIX Short Term ETN

    5) Commodities

    AvaTrade offers CFD trading on the following commodities:

    See all AvaTrade’s Commodities

    Instrument
    Crude Oil
    Gold
    Silver
    Platinum
    Corn
    Soybean
    Wheat
    Natural Gas
    Heating Oil
    Gasoline
    Coffee C
    Sugar no. 11
    Cotton no. 2
    Brent Oil
    Palladium
    Cocoa
    Copper

    6) Cryptocurrencies

    See all AvaTrade’s Cryptocurrencies

    Instrument
    ETHEREUM
    BTCUSD
    BTCEUR
    BTCJPY
    BITCOIN CASH
    LITECOIN
    RIPPLE
    BITCOIN GOLD
    EOS

    AvaTrade Account Types

    AvaTrade offers a live trading account and a demo account. The firm also offers Islamic accounts. Traders can open a live trading account with a minimum deposit of 250 by credit card deposit and 500 by wire transfer. Traders can open accounts denominated in USD, EUR, GPB and AUD. AUD is only available for Australian clients, while GBP is only available for clients from the UK.

    AvaTrade demo account is the same as a real account, only you trade with virtual money, whereas with a real account you must deposit real money before you can start trading. Both live and demo accounts have live price feeds.

    Traders can use their demo accounts for 21 days. However, traders who want additional time can email customer@avatrade.com or contact their account manager for an extension.

    AvaTrade Spreads and Fees

    AvaTrade is compensated through the Bid/Ask spread. The broker offers both fixed and variable spreads depending on the specific market being traded.

    Fixed spreads: These spreads don’t change, regardless of market conditions such as volatility or liquidity.

    Variable spreads: These spreads may fluctuate throughout the day according to factors such as underlying liquidity or market volatility. AvaTrade informs traders on its website of the minimum variable spreads as well as the average spreads over a recent timeframe.

    AvaTrade obtains the data for spreads from reputable third-party sources, which obtain the data directly from exchange feeds.

    Forex (Fixed)

    See all AvaTrade’s Forex (Fixed) Spreads

    InstrumentFixed Spread (Pips)
    AUD/CAD4
    AUD/CHF4.5
    AUD/JPY3.5
    AUD/NZD5.5
    AUD/USD2.5
    CAD/CHF4.5
    CAD/JPY4
    CHF/HUF40
    CHF/JPY3.5
    EUR/AUD4.5
    EUR/CAD4.5
    EUR/CHF3
    EUR/DKK20
    EUR/GBP2.5
    EUR/HUF50
    EUR/JPY3.2
    EUR/NOK40
    EUR/NZD6.5
    EUR/PLN45
    EUR/RUB0.09 Ruble
    EUR/SEK45
    EUR/TRY20
    EUR/USD1.9
    EUR/ZAR200
    GBP/AUD5
    GBP/CAD6
    GBP/CHF5
    GBP/HUF45
    GBP/JPY4
    GBP/NZD7.5
    GBP/SEK50
    GBP/SGD20
    GBP/USD2.4
    NZD/CAD5
    NZD/CHF5.5
    NZD/JPY4.5
    NZD/USD3
    USD/CAD3
    USD/CHF2.5
    USD/CNY*30
    USD/DKK20
    USD/HUF50
    USD/JPY2
    USD/MXN50
    USD/NOK50
    USD/PLN40
    USD/RUB0.075 Ruble
    USD/SEK45
    USD/SGD5
    USD/TRY20
    USD/ZAR120
    USD/CLP100
    USD/ILS35
    EUR/ILS50
    GBP/ILS80
    NOK/JPY30
    ZAR/JPY40
    PLN/JPY70
    SEK/JPY30
    TRY/JPY10

    Forex and Commodities (Floating)

    See all AvaTrade’s Forex and Commodities (Floating) Spreads

    InstrumentMinimum Spread (Pips)Typical Spread (Pips)
    AUD/CAD3.34
    AUD/CHF3.34.1
    AUD/JPY2.22.7
    AUD/NZD3.85
    AUD/USD1.62.2
    CAD/CHF4.14.3
    CHF/HUF3840
    CAD/JPY2.32.8
    CHF/JPY2.23.2
    EUR/AUD34.2
    EUR/CAD3.24.2
    EUR/CHF2.12.7
    EUR/DKK12.515.4
    EUR/GBP1.72.2
    EUR/HUF19.232.3
    EUR/JPY1.62.5
    EUR/NOK19.435
    EUR/NZD4.26
    EUR/PLN1641.2
    EUR/RUB0.09 Ruble0.09 Ruble
    EUR/SEK1431
    EUR/TRY21.336.8
    EUR/USD0.71.5
    EUR/ZAR95156.5
    GBP/AUD3.75
    GBP/CAD5.15.5
    GBP/CHF3.14.5
    GBP/HUF34.150
    GBP/JPY1.93
    GBP/NZD3.47
    GBP/SGD16.718
    GBP/USD1.32
    GBP/SEK26.145
    NZD/CAD3.34.5
    NZD/CHF3.64.3
    NZD/JPY3.14
    NZD/USD1.92.8
    USD/CAD1.52.5
    USD/CHF1.62.1
    USD/CNY*1030
    USD/DKK11.715.1
    USD/HUF21.332.5
    USD/JPY0.71.6
    USD/MXN40.850
    USD/NOK24.740
    USD/PLN22.834.7
    USD/RUB0.075 Ruble0.075 Ruble
    USD/SEK14.229.4
    USD/SGD3.34.4
    USD/TRY19.229.3
    USD/ZAR66.9118.1
    USD/CLP100100
    USD/ILS3535
    EUR/ILS5050
    GBP/ILS8080
    Crude Oil$0.03$0.03
    Gold$0.40$0.40
    Silver$0.035$0.035

    Indices

    See all AvaTrade’s Indices Spreads

    InstrumentCurrencySpread
    S&P500USD0.25 over market
    NASDAQ 100USD1.00 over market
    DJ 30USD3.00 over market
    CAC 40EUR1.00 over market
    DAX 30EUR1.50 over market
    FTSE 100GBP1.00 over market
    FTSEMIBEUR10.00 over market
    RUSSELL2000USD0.30 over market
    DJ EURO STOXX50EUR1.00 over market
    SMICHF2.00 over market
    MSCIUSD0.10 over market
    NIKKEI225JPY15.00 over market
    IBEX 35EUR2.00 over market
    HSIHKD10.00 over market
    OMX30SEK0.50 over market
    SPI 200AUD2.00 over market
    DOLLAR INDEXUSD0.05 over market
    AEXEUR0.10 over market
    CHINA A50USD10.00 over market

    Shares

    See all AvaTrade’s Shares Spreads

    InstrumentCurrencySpread
    GROUPONUSD0.02 over market
    APPLEUSD0.06 over market
    CISCO SYSTEMSUSD0.06 over market
    GOOGLEUSD0.20 over market
    AMAZONUSD0.10 over market
    INTELUSD0.06 over market
    FACEBOOKUSD0.10 over market
    MICROSOFTUSD0.06 over market
    TESLAUSD0.06 over market
    TEVAUSD0.06 over market
    AMERICAN EXPRESSUSD0.06 over market
    AT&TUSD0.06 over market
    BERKSHIRE HATHAWAY.BUSD0.06 over market
    BANK OF AMERICAUSD0.06 over market
    BOEINGUSD0.06 over market
    CATERPILLARUSD0.06 over market
    CHEVRONUSD0.06 over market
    CITIGROUPUSD0.06 over market
    COCA COLAUSD0.06 over market
    WALT DISNEYUSD0.06 over market
    EXXON MOBILUSD0.06 over market
    GENERAL ELECTRICUSD0.06 over market
    GMUSD0.06 over market
    GOLDMAN SACHS GROUPUSD0.06 over market
    JOHNSON & JOHNSONUSD0.06 over market
    JP MORGAN CHASEUSD0.06 over market
    MCDONALDSUSD0.06 over market
    PFIZERUSD0.06 over market
    PROCTER & GAMBLEUSD0.06 over market
    WAL MARTUSD0.06 over market
    TWITTERUSD0.06 over market
    ALIBABAUSD0.06 over market
    VISAUSD0.06 over market
    MASTERCARDUSD0.06 over market
    SNAPCHATUSD0.10 over market
    HSBCGBP Penny0.60 over market
    VODAFONEGBP Penny0.20 over market
    BARCLAYSGBP Penny0.40 over market
    RIO TINTO.UKGBP Penny3.00 over market
    TESCO.UKGBP Penny0.20 over market
    BANCO SANTANDEREUR0.01 over market
    TELEFONICAEUR0.02 over market
    BBVAEUR0.01 over market
    IBERDROLAEUR0.006 over market
    REPSOLEUR0.02 over market
    INDITEX.ESEUR0.06 over market
    BANCO POPULAR.ESEUR0.01 over market
    BANCO SABADELLEUR0.01 over market
    E.ONEUR0.02 over market
    SIEMENSEUR0.08 over market
    BAYEREUR0.06 over market
    DEUTSCHE BANKEUR0.06 over market
    SAP.DEEUR0.04 over market
    DEUTSCHE TELEKOM.DEEUR0.01 over market
    RWE.DEEUR0.03 over market
    BMW.DEEUR0.06 over market
    DAIMLER.DEEUR0.03 over market
    CREDIT AGRICOLEEUR0.10 over market
    TOTALEUR0.04 over market
    PEUGEOT.FREUR0.01 over market
    VALLOUREC.FREUR0.04 over market
    CARREFOUR.FREUR0.02 over market
    INTESA SANPAOLOEUR0.01 over market
    UNICREDITOEUR0.004 over market
    GENERALI ASSICURAZIONIEUR0.04 over market
    TELECOM ITALIAEUR0.004 over market
    SAIPEM.ITEUR0.06 over market

    ETFs

    See all AvaTrade’s ETFs Spreads

    InstrumentCurrencySpread
    MSCI Emerging Markets Index FundUSD0.04 Over Market
    S&P 500 VIX Short-Term Futures ETNUSD0.04 Over Market
    MSCI Brazil Index FundUSD0.04 Over Market
    Energy Select Sector SPDRUSD0.04 Over Market
    Market Vectors TR Gold MinersUSD0.04 Over Market
    VelocityShares Daily Inverse VIX Short Term ETNUSD0.08 Over Market

    Commodities

    See all AvaTrade’s Commodities Spreads

    InstrumentCurrencySpread
    Crude OilUSD$0.03
    GoldUSD$0.50
    SilverUSD$0.04
    PlatinumUSD$0.50 over market
    CornUSD$0.25 over market
    SoybeanUSD$1.00 over market
    WheatUSD$0.25 over market
    Natural GasUSD$0.003 over market
    Heating OilUSD$0.002 over market
    GasolineUSD$0.0015 over market
    Coffee CUSD$0.10 over market
    Sugar no. 11USD$0.02 over market
    Cotton no. 2USD$0.05 over market
    Brent OilUSD$0.03 over market
    PalladiumUSD$0.50 over market
    CocoaUSD$8.00 over market
    CopperUSD$0.006 over market

    Cryptocurrencies

    See all AvaTrade’s Cryptocurrencies Spreads

    InstrumentTypical Spread (Pips) Over market
    ETHEREUM1%
    BTCUSD0.75%
    BTCEUR1%
    BTCJPY1%
    BITCOIN CASH1.5%
    LITECOIN1.5%
    RIPPLE1.5%
    BITCOIN GOLD2%
    EOS2%

    Other relevant fee information:

    Commissions: For certain types of forex, CFDs, options and spread betting trades, customers must pay a commission to open and close positions. These commissions get debited from a customer’s account at the same time that AvaTrade opens or closes the relevant position.

    Deposit and Withdrawal Fees: The broker does not generally charge for deposits and withdrawals. However, AvaTrade may charge for incidental banking-related fees such as wire charges for deposits/withdrawals and returned check fees.

    Optional Value-Added Services: Customers may incur fees if they want to purchase additional optional value-added services offered by AvaTrade.

    Rollovers and Overnight Interest Charges: This overnight fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time. Traders can obtain information on overnight funding rates at the General Terms and Conditions section on the AvaTrade website.

    Account Requirements

    When you click the green Create an Account” button on the AvaTtrade website, the broker asks you whether you want to open a real or a demo account.

    To begin the sign-up process, you simply enter your name, email and phone number.

    The system then takes you to the next page where you enter your address and date of birth. You are then asked to fill out basic information about your trading experience and trading knowledge. AvaTrade then asks you to select a password, choose a trading platform and select the currency for your account.

    The next AvaTrade screen asks you for basic information such as your estimated annual income, savings, expected annual investment of funds and source of account funding

    To pass the AvaTrade identity verification, you will need to upload both an ID and proof of residence. However, traders can make deposits prior to being verified by AvaTrade:

    DocumentCommentary
    Identification

    Acceptable forms of ID:
  • Valid Passport
  • National ID
  • Driver's Licence

  • Customers must send copies of the front and back of ID card

    ID card must present the following details:
  • First name
  • Last name
  • Date of birth
  • Issue date
  • Expiration date
  • Proof of Residence

    Acceptable forms of ID:
  • Utility bills (gas, electricity, water etc.)
  • Bank statements (A/C statements, mortgage statements, etc.)
  • Visa statements
  • Household insurance policy
  • Vehicle insurance policy
  • Taxation documentation
  • The document must be dated within 6 months before the current date
  • Address must appear on the bill, in order to establish your place of residence
  • Traders can make deposits and withdrawals by Visa, Pay.com or wire transfer.

    The minimum amount required to make a deposit is 250 for PayPal and Visa and 500 for wire transfers. Traders then choose the currency they want for their account – USD, EUR, GBP or AUD. However, AUD is only available for Australian clients, while GBP is only available for clients from the UK.

    Welcoming Bonus

    AvaTrade traders are eligible to receive a welcoming bonus after making deposits into their accounts. The bonus is 25% of the initial deposit amount and is capped at 10,000.

    Margin Requirements

    Each CFD also has specific AvaTrade margin requirements that traders must maintain. Traders should consult the Trading Conditions & Charges section of the AvaTrade website for the specific margin requirements for each instrument.

    Traders who fall below the AvaTrade margin requirements risk receiving a margin call and having their position closed prematurely.

    AvaTrade Withdrawal

    In order to withdraw funds, traders need to fill out a withdrawal form through MyAva. Traders must verify their account to be eligible for withdrawals.

    For compliance purposes, AvaTrade must transfer your funds back to the original source you used to fund your account. This account needs to be in the same name as the account maintained with AvaTrade.

    Withdrawal Times

    AvaTrade typically processes withdrawals within 1 to 2 business days after they are approved. However, the broker notes that processing and receiving your funds may take up to 10 business days. (* Saturday, Sunday and US Public Holidays are not considered business days).

    AvaTrade notifies customers via email about any problems regarding withdrawal requests. AvaTrade will not approve withdrawal requests until all requirements are met.

    AvaTrade notes that once they send the funds, it may take a few extra days to reach the trader’s account depending on their bank/credit card company.

    AvaTrade Platform Review

    AvaTrade offers traders access to several third-party trading platforms including DupliTrade, MQL5, ZuluTrade, and the industry-standard MetaTrader 4 (MT4) web and desktop platform. ZuluTrade and DupliTrade have social features that enable traders to follow successful traders and copy their strategies.

    This review examines Ava MetaTrader and its features.

    The platform has many of the standard features you would expect in a fully integrated multi-asset trading platform. The main trading screen is well organized and intuitive for new traders:

    AvaTradePlatform

    Market Watch Panel: This panel contains the live prices and symbols of popular instruments traded on AvaTrade MT4 platform. The instruments are organized by asset class and color coded for easy identification.

    AvaTrade Market Watch

    Chart Window: This large panel in the middle of the screen displays the historical prices, indicators and chart tools used to create price charts. The chart window opens with six charts, and traders can customize and configure each of these charts with their own technical analysis tools.

    Ticket: The ticket has color-coded buy and sell buttons and boxes for setting up stop-loss and other contingencies.

    AvaTrade Ticket

    The Market Watch panel displays the most popular symbols traded on the platform. Traders can right-click on the panel and use the “show all” option to get all instruments available to trade on the platform. Right-clicking on a particular symbol and clicking on the chart option adds a new chart for that symbol in the Chart Window. Traders also can left click on a symbol and drag the instrument into the Chart Window to see a chart.

    Traders can also right-click on any part of the Market Watch panel to get a list of useful data points such as high-low prices and time of last trade for each instrument in the panel. When traders click on any of these data points, the information appears in the Market Watch panel. Traders also have the ability to right-click on a symbol and pull up a tick chart for a particular instrument.

    On the bottom of the trading platform is a box where traders can track open and orders, alerts, news, mail and other essential features.

    Overall, the AvaTrade MT4 platform comes across as reliable and easy to use. The smooth interface and clean graphics should be welcome by both new and more experienced traders.

    AvaTrade Demo Account

    Traders separately log on to their AvaTrade demo platform for 21 days after they open it. Demo account traders receive 10,000 in virtual funds in their currency.

    The web trader demo platform has the following layout:

    AvaTrade Demo Account

    AvaTrade Education Resources

    The Education tab on the AvaTrade website offers several educational resources to help traders improve their skills. These include the following:

    Trading for Beginners: A basic description of the terms and products on the AvaTrade platform.

    Videos: A library of trading strategies and tools.

    Sharp Trader: A premium educational website with exclusive content for AvaTrade customers. Sharp Trader offers videos, articles, daily news and trading tools that teach fundamentals and advanced strategies used by professional traders.

    AvaTrade Sharp Trader

    Economic Indicators: An explanation of different types of economic indicators and how they are used.

    eBooks: Forex First Steps is an eBook for new traders. Traders can learn forex trading and other trading concepts.

    Order Types: This section explains different types of orders and how they are used.

    AvaTrade Sign-Up Bonuses and Promotions

    As AvaTrade is regulated within the EU, sign-up bonuses are unavailable. This is due to the Markets in Financial Instruments Derivative (MiFID) that’s been implemented EU-wide to create a transparent market and to protect traders. Therefore, if a broker offers a sign-up bonus, this means they’re either unregulated in the EU or aren’t regulated at all, which means they could be operating illegally.

    Nevertheless, AvaTrade can offer new customers some perks after they’ve made a deposit in their account. To find out what these are, visit the AvaTrade website.

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