Review

AvaTrade Review: How Does This Irish CFD Broker Measure Up? [2020 Update]

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AvaTrade Header

Risk Warning: Your Capital is at Risk.

AvaTrade Overview

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.

In this review, we'll provide all the details you need to know before deciding to trade with Avatrade.

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 platforms 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.

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

Why Choose AvaTrade?

Pros
Cons
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 Icon11 cryptocurrencies available to tradeAUD and GBP currencies only available to Australian and British clients, respectively
Tick Icon24/5 customer support via phone, live chat or email in 26 languagesWithdrawals can take up to 10 days - however, they do tend to be 1/2 working days
Tick IconRobust mobile application for on-the-go trading
Tick IconUp to 400:1
leverage

Essential Details About AvaTrade

AVATrade Logo
Overview
OverviewOne of the UK's top spread betting & CFD providers
Our Overall Rating
Broker Trust Rating75/100
Founded2006
ProductCFDs, Forex
Markets Indices, Shares, Bonds, Commodities, Cryptocurrencies, ETFs
Countries ServedMore than 150
FeesAvaTrade is a no-commission broker. It makes money through the market bid/ask spread (See below). See here for full list of fees and funding/withdrawal limits.
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

Regulation: Can I Trust AvaTrade?

AvaTrade is regulated by several well-respected international regulatory bodies. All of the below bodies provide protection over clients' funds by ensuring they are kept in separate bank accounts.

  • AVA Trade EU Ltd is regulated by the Central Bank of Ireland (CBI) – (Registration number: C53877).
  • Ava Capital Markets Australia Pty Ltd is licensed by the Australian Securities and Investments Commission (ASIC) in Australia (Resitration number: 406684)
  • Ava Trade Japan K.K. is licensed by the Financial Services Agency (FSA) Japan #1662 & the FFAJ – (Registration number: 1574)
  • Ava Capital Markets Pty Ltd is licensed in South Africa by the Financial Sector Conduct Authority (FSCA) – (Registration number: 45984)

More, the Markets in Financial Instruments Directive (MiFID) allows AVA Trade Ltd. to operate throughout the European Union. The company is also regulated by B.V.I Financial Services Commission.

However, the firm has been sanctioned by regulators in 2016 and 2017 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

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

    Where Does AvaTrade Operate?

    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.

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

    However, US traders in 40+ states & territories are welcome at eToro, who hold a US license for cryptocurrency trading, including Bitcoin, Ethereum & many more.

    avatrade regulatory bodies

    AvaTrade servers traders in over 150 countries, including Italy, Spain, Germany, Brazil, United Arab Emirates, Sweden, Finland, South Africa, Australia, China, Russia, Poland, Hungary, and Chile.

    However, AvaTrade is not available in the United States. Other countries AvaTrade doesn't operate in and where trading is banned include Iran, Syria, North Korea, New Zealand, Turkey, and Sudan.

    The website and platform are available in 24 different languages, including Dutch, English, Finnish, French, Italian, German, Korean, Spanish, Portuguese, Arabic, Russian, Chinese, Swedish, and Turkish.

    See all available languages

    • English
    • Mandarin
    • Turkish
    • Thai
    • Swedish
    • Russian
    • Portoguese
    • Polish
    • Dutch
    • Dutch
    • Malay
    • Mongolian
    • Korean
    • Japanese
    • Italian
    • Indonesian
    • Hungarian
    • French
    • Finnish
    • Spanish
    • German
    • Arabic

    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.

    Who Runs AvaTrade?

    AvaTrade is currently lead by CEO Dáire Ferguson. Ferguson joined AvaTrade in 2008 from a background in pharmaceuticals, and a degree in Computers and Business from UCD, Dublin.

    The team of executives are a mixture of experienced and younger members.

    Start Trading Now at AvaTrade.com

    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Getting Started With Trading

    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.

    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

    AUD/CADEUR/RUBUSD/CNY*
    AUD/CHFEUR/SEKUSD/DKK
    AUD/JPYEUR/TRYUSD/HUF
    AUD/NZDEUR/USDUSD/JPY
    AUD/USDEUR/ZARUSD/MXN
    CAD/CHFGBP/AUDUSD/NOK
    CAD/JPYGBP/CADUSD/PLN
    CHF/HUFGBP/CHFUSD/RUB
    CHF/JPYGBP/HUFUSD/SEK
    EUR/AUDGBP/JPYUSD/SGD
    EUR/CADGBP/NZDUSD/TRY
    EUR/CHFGBP/SEKUSD/ZAR
    EUR/DKKGBP/SGDUSD/CLP
    EUR/GBPGBP/USDUSD/ILS
    EUR/HUFGBP/ILSUSD/CNY*
    EUR/ILSNZD/CADUSD/CAD
    EUR/JPYNZD/CHFUSD/CHF
    EUR/NOKNZD/JPY
    EUR/NZDNZD/USD
    EUR/PLN
    EUR/RUB

    Indices

    AvaTrade offers CFD markets on 19 stock indices:

    See all AvaTrade's Indices

    S&P500MSCI
    NASDAQ 100NIKKEI225
    DJ 30SPAIN 35 (IBEX)
    CAC 40HSI
    DAX 30OMX30
    FTSE 100SPI 200
    FTSEMIBDOLLAR INDEX
    RUSSELL2000AEX
    DJ EURO STOXX50CHINA A50
    SMI

    Shares

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

    • Apple
    • Barclays
    • Berkshire Hathaway
    • Coca-Cola
    • Google
    • Groupon
    • Snapchat
    • Telefonica
    • Tesla
    • Twitter

    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

    Commodities

    AvaTrade offers CFD trading on the following commodities:

    See all AvaTrade's Commodities

    GoldCoffee C
    SilverSugar no. 11
    PlatinumCotton no. 2
    CornBrent Oil
    SoybeanPalladium
    WheatCocoa
    Natural GasCopper
    Heating Oil

    Cryptocurrencies

    See all AvaTrade's Cryptocurrencies

    BITCOINBITCOIN CASH
    BITCOIN GOLDLITECOIN
    ETHEREUMRIPPLE
    DASHNEO
    IOTASTELLAR
    EOS

    Bonds

    AvaTrade offers European and Japanese government bonds with a maximum leverage of up to 5:1.

    AvaTrade Spreads

    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 like volatility or liquidity.
    • Variable spreads: These spreads may fluctuate throughout the day in accordance with factors like liquidity or volatility. AvaTrade informs traders on its website of the minimum variable spreads as well as the average spreads over a recent timeframe.

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

    Forex Fixed Spreads

    See all AvaTrade's Forex (Fixed) Spreads

    InstrumentFixed Spread (Pips)
    AUD/CAD2.7
    AUD/CHF2.7
    AUD/JPY2.1
    AUD/NZD3.5
    AUD/USD1.1
    CAD/CHF2.9
    CAD/JPY2.3
    CHF/HUF25
    CHF/JPY2.5
    EUR/AUD2.9
    EUR/CAD3.3
    EUR/CHF2
    EUR/DKK15
    EUR/GBP1.5
    EUR/HUF20
    EUR/ILS40
    EUR/JPY1.8
    EUR/NOK30
    EUR/NZD4.4
    EUR/PLN20
    EUR/RUB700
    EUR/SEK30
    EUR/TRY45
    EUR/USD0.9
    EUR/ZAR90
    GBP/AUD3.2
    GBP/CAD4
    GBP/CHF3.1
    GBP/HUF24
    GBP/ILS60
    GBP/JPY2.5
    GBP/NZD5.2
    GBP/SEK40
    GBP/SGD15
    GBP/USD1.6
    NZD/CAD3.6
    NZD/CHF3.3
    NZD/JPY2.7
    NZD/USD1.8
    USD/CAD2
    USD/CHF1.6
    USD/CLP85
    USD/CNY*20
    USD/DKK13
    USD/HUF18
    USD/ILS30
    USD/JPY1.1
    USD/MXN65
    USD/NOK30
    USD/PLN18
    USD/RUB600
    USD/SEK28
    USD/SGD3.3
    USD/TRY40
    USD/ZAR85

    Indices Spreads

    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 100GBP0.50 over market
    FTSEMIBEUR10.00 over market
    RUSSELL2000USD0.30 over market
    DJ EURO STOXX50EUR1.00 over market
    SMICHF2.00 over market
    MSCIUSD0.10 over market
    NIKKEI225JPY10.00 over market
    SPAIN 35 (IBEX)EUR2.00 over market
    HSIHKD10.00 over market
    OMX30SEK0.50 over market
    SPI 200AUD2.00 over market
    DOLLAR INDEXUSD0.04 over market
    AEXEUR0.10 over market
    CHINA A50USD10.00 over market

    Shares Spreads

    See all AvaTrade's Shares Spreads

    InstrumentCurrencySpread
    ADIDASUSD0.16%
    ALIBABAUSD0.13%
    AMAZONUSD0.13%
    AMERICAN EXPRESSUSD0.13%
    APPLEUSD0.13%
    AT&TUSD0.13%
    BANK OF AMERICAUSD0.13%
    BARCLAYSGBP Penny0.13%
    BAYEREUR0.16%
    BERKSHIRE HATHAWAY.BUSD0.13%
    BMW.DEEUR0.16%
    BOEINGUSD0.13%
    CARREFOUR.FREUR0.18%
    CATERPILLARUSD0.13%
    CHEVRONUSD0.13%
    CISCO SYSTEMSUSD0.13%
    CITIGROUPUSD0.13%
    COCA COLAUSD0.13%
    CREDIT AGRICOLEEUR0.13%
    DAIMLER.DEEUR0.16%
    DEUTSCHE BANKEUR0.16%
    DEUTSCHE TELEKOM.DEEUR0.16%
    E.ONEUR0.16%
    EXXON MOBILUSD0.13%
    FACEBOOKUSD0.13%
    GENERAL ELECTRICUSD0.13%
    GENERALI ASSICURAZIONIEUR0.19%
    GMUSD0.13%
    GOLDMAN SACHS GROUPUSD0.13%
    GOOGLEUSD0.13%
    GROUPONUSD0.36%
    HSBCGBP Penny0.16%
    INTESA SANPAOLOEUR0.19%
    JOHNSON & JOHNSONUSD0.13%
    JP MORGAN CHASEUSD0.13%
    MASTERCARDUSD0.13%
    MCDONALDSUSD0.13%
    MICROSOFTUSD0.13%
    NETFLIXUSD0.13%
    NIKEUSD0.13%
    PEUGEOT.FREUR0.18%
    PFIZERUSD0.13%
    PROCTER & GAMBLEUSD0.13%
    RIO TINTO.UKGBP Penny0.16%
    RWE.DEEUR0.16%
    SAIPEM.ITEUR0.19%
    SAP.DEEUR0.16%
    SIEMENSEUR0.16%
    SNAPCHATUSD0.13%
    TELECOM ITALIAEUR0.19%
    TESCO.UKGBP Penny0.16%
    TESLAUSD0.13%
    TEVAUSD0.13%
    TOTALEUR0.18%
    TWITTERUSD0.13%
    UNICREDITOEUR0.19%
    VALLOUREC.FREUR0.18%
    VISAUSD0.13%
    VODAFONEGBP Penny0.16%
    WAL MARTUSD0.13%
    WALT DISNEYUSD0.13%

    ETF Spreads

    See all AvaTrade's ETFs Spreads

    InstrumentCurrencySpread
    MSCI Emerging Markets Index FundUSD0.13%
    S&P 500 VIX Short-Term Futures ETNUSD0.15%
    MSCI Brazil Index FundUSD0.13%
    Energy Select Sector SPDRUSD0.13%
    Market Vectors TR Gold MinersUSD0.13%

    Commodities Spreads

    See all AvaTrade's Commodities Spreads

    InstrumentCurrencySpread
    Crude OilUSD$0.03
    GoldUSD$0.34
    SilverUSD$0.029
    PlatinumUSD$1.10 over market
    CornUSD$0.25 over market
    SoybeanUSD$1.00 over market
    WheatUSD$0.25 over market
    Natural GasUSD$0.002 over market
    Heating OilUSD$0.0015 over market
    GasolineUSD$0.0015 over market
    Coffee CUSD$0.15 over market
    Sugar no. 11USD$0.02 over market
    Cotton no. 2USD$0.06 over market
    Brent OilUSD$0.02 over market
    PalladiumUSD$0.65 over market
    CocoaUSD$6.00 over market
    CopperUSD$0.005 over market

    Cryptocurrencies Spreads

    See all AvaTrade's Cryptocurrencies Spreads

    InstrumentTypical Spread (Pips) Over market
    ETHEREUM0.60%
    BTC/USD0.35%
    BTC/EUR0.50%
    BTC/JPY0.50%
    BITCOIN CASH0.80%
    LITECOIN0.60%
    RIPPLE0.95%
    BITCOIN GOLD2%
    STELLAR2%
    DASH2%
    NEO2%
    EOS1.5%
    MIOTA2%
    CRYPTO 10 INDEX1%

    Leverage and Margin Requirements

    The maximum leverage when trading with AvaTrade is 30:1. This maximum leverage is available on numerous forex pairs.

    However, different CFD assets have specific margin requirements. 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.

    Deposits, Withdrawals, and Fees

    Fee TypeCharges
    Deposit FeeNone
    Withdrawal FeeNone
    Inactivity Fee$/£/€50 per quarter after 3-months of inactivity
    Administration Fee$/£/€100 after 12-months of inactivity
    Overnight FeeOvernight fees (or credit) are charged when a position remains open past 22:00 GMT. According to AvaTrade's website, overnight fees are subject to change.
    CommissionAvaTrade is compensated via their Bid-Ask Spreads (Pip). Click here to see the Pip calculation formulas for each asset class.
    Optional Add-OnsCustomers may incur fees if they want to purchase additional optional value-added services offered by AvaTrade.

    Deposit Methods and Process

    AvaTrade offers several deposit methods. These include:

    • Credit and debit card (not available to traders from Canada)
      • Duration: Immediate*
    • Wire transfer
      • Duration: Up to 7-10 days*
    • E-wallets: Skrill, WebMoney, and Neteller (not available to traders from the UK and Australia)
      • Duration: Within 24 hours*

    *Subject to the expected operation of payment providers and adequate account verification with AvaTrade.

    The minimum deposit is $/£/€100 across all methods. Deposits can be canceled by contacting AvaTrade's support team on business days (excl. Saturdays and Sundays). If deposits do not arrive in traders accounts, they can also contact the support team.

    AvaTrade Withdrawals

    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.

    After you have withdrawn up to 200% of your initially deposited funds (upon profit) to your funding card, you may choose other methods to withdraw the rest of your funds.

    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.

    Bid-Ask Spread (Pip) Calculation

    AvaTrade do not charge commissions, but are compensated through the bid-ask spread (Pip) charged during each trade. Traders can calculate the Pip charges using the following formulas for each asset class:

    • Forex, AvaOpions: Spread x Trade Size = Spread Charge in Secondary Currency*
    • Commodities, Stock Indices, Bonds, Individual Equities, ETFs: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in

    *Secondary Currency stands for the second currency presented in an FX pair

    Start Trading Now at AvaTrade.com

    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Account Types and Requirements

    AvaTrade offers two live trading accounts (retail and professional) and a demo account. The firm also offers Islamic accounts. Traders can open a live trading account with a minimum deposit of $\£\€100 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.

    Demo Account

    AvaTrade offers a 21-day demo account. Users get a total of 100,000 demo currency credits to test the platform with. Both live and demo accounts have live price feeds.

    Traders who want additional time on top of the standard 21-day demo account can contact your account manager for an extension.

    AvaTrade My Account dashboard
    This screenshot is only an illustration. Current market prices can be found on the broker website. Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Switching over to a real account from a demo account can be done via the demo dashboard by clicking on the ‘Upgrade to Real‘ button.

    Traders need to fill in some personal details to verify themselves, along with details on trading knowledge, experience, the preferred platform, and currency. Live chat is also available to assist with upgrades.

    Account Requirements

    The sign-up process is quick and simple with AvaTrade:

    1. Click the ‘Register Now' button on the AvaTrade website
    2. Choose between a real or demo account
    3. Enter your name, email and phone number
    4. Enter your address and date of birth (not needed for demo)
    5. Fill out basic information about your trading experience and trading knowledge (not needed for demo)
    6. Select a password, choose a trading platform (not needed for demo)
    7. Select the currency for your account (not needed for demo)

    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.

    Identity Verification

    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 (ID)

    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 (PoR)

    Acceptable forms of PoR:

  • Utility bills (gas, electricity, water etc.)
  • Bank statements (A/C statements, mortgage statements, etc.)
  • Visa statements
  • Household insurance policy
  • Vehicle insurance policy
  • Taxation documentation
  • Other PoR requirements:

  • 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 deposit for new customers is $/£/€100 via credit/debit cards, wire transfer, and e-wallets (including PayPal

    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.

    Retail and Professional Accounts: What's the Difference?

    AvaTrade offers two types of accounts. Retail accounts, and professional trading accounts.

    Professional traders have the benefit of pre-ESMA leverages, including 400:1 on forex pairs and 25:1 on selected cryptocurrency assets.

    In order to qualify for a professional account, traders have to meet an eligibility criteria. The criteria involves:

    • Sufficient trading activity over the past 12 months (inc. size, transaction volume).
    • Minimum 10 trades per quarter in the past 12 months
    • At least one year of relevant experience in the financial services sector
    • Financial portfolio of over $/£/€500,000 (inc. cash and instruments)

    Start Trading Now at AvaTrade.com

    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Mobile Trading: AvaTradeGO

    When it comes to mobile trading, AvaTrade caters for traders of all levels with AvaTradeGo.

    AvaTradeGo is an on-the-go trading platform designed and released as a mobile application in the App Store for iOS users, and on Google Play for Android users.

    avatrade mobile

    Mobile users who are not yet ready to trade live can access a practice account with AvaTradeGo.

    Mobile Platform Features

    The mobile application is feature-rich. Traders are not asked to compromise any of the desktop and web trader features, receiving:

    • A three-tiered dashboard with a watchlist, hot trades, and trending trades sections
    • All 9 asset classes
    • An overall P/L indicator (wallet dashboard)
    • An overall margin level indicator (wallet dashboard)
    • Order management dashboard
    • Full-feature trade execution with P/L limits
    • AvaProtect – lets traders define trade duration as protection
    • Tutorials and educational resources
    avatrade assets
    This screenshot is only an illustration. Current market prices can be found on the broker website.

    Executing Trades

    The trade execution screen seems busy at first, although is well-designed and straightforward to navigate. The top of the screen presents a choice to buy or sell, followed by a slot to define the exact amount.

    executing trades with avatrade
    This screenshot is only an illustration. Current market prices can be found on the broker website.

    At the bottom of the trade execution screen, users can access a small chart of their selected products.

    Traders can choose from Stop-Loss and Take-Profit limits, as well as AvaProtect.

    buy confirmation with avatrade
    This screenshot is only an illustration. Current market prices can be found on the broker website.

    Signing Up on Mobile

    The mobile sign-up process is relatively quick. Users can choose between a practice account or a real account.

    As per the web trader registration, traders are asked to fill in a set of personal and experience-related details. Demo account traders are not required to complete the verification process.

    Upgrading to Live Trading on Mobile

    Traders can upgrade to a real trading account directly from the mobile application, either from the homepage dashboard, or the account settings section.

    This process is completed once traders' accounts are verified.

    AvaOptions Mobile Trading

    AvaOption is AvaTrade's mobile-exclusive options platform. Traders can execute, and manage FX and option trades on-the-go with 13 different options strategies available.

    The AvaOptions mobile app includes an integrated strategy guide and 40+ currency pairs.

    Start Trading Now at AvaTrade.com

    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    AvaTrade Platform Review

    AvaTrade offers traders access to several third-party trading platforms including:

    • AvaTrade Web: AvaTrade's own in-house trading platform accessible through desktop and larger tablets.
    • AvaTradeGo: A full-featured mobile application version of the AvaTrade web trader.
    • MetaTrader 4 & 5: A popular industry-wide trading software that's accessible through mobile, tablets, and desktop.
    • DupliTrade: A social trading platform with the option to automate trades, integratable with AvaTrade web.
    • MQL5: Social trading integratable with MetaTrader 4 and 5.
    • ZuluTrade: Social trading with trade protection features.

    This review in particular focuses on AvaTrade's web trader and its features.

    The Dashboard

    The AvaTrade web trader's dashboard welcomes traders with a shortcut menu on the left-hand side, offering tabs like trading, position management, open orders, and order history.

    The hamburger menu allows access account settings, personal preferences, and various trading tools like the trading calculator.

    avatrade dashboard
    This screenshot is only an illustration. Current market prices can be found on the broker website. Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Given that the page is split into asset browsing and charting, it has a simple and uncluttered design. The top-bar crowns the page with overall account balance statistics, like the available and total balances, along with the trader's profit/loss and equity data.

    Live chat is available directly from the AvaTrade web trader dashboard.

    Key Features

    By key features, we mean those features with which a trader is bound to interact with while executing a trade.

    • Assorted Asset Browsing: Traders can access various trending asset classes, like ‘Hot', ‘Most Rising', or ‘Most Falling' amongst a few, as well as specific asset classes like commodities and bonds.
    • Two-Click Trades: Trades can be executed in as little as two clicks.
    • One-Click Favorites: Each tradeable product has a star next to it. By clicking it, traders can add the product to their list of favorites.
    • Risk Management Tools: When buying or selling, traders can set limits for specific profit and/or loss amounts.
    • Future Trade Limits: Set the price at which you want a trade to be executed in the future.
    • Order History: A comprehensive order history tab that keeps track of past trade statistics, navigatable by custom time periods
    • Trading Calculator: A simple calculator that allows traders to project and calculate the minute details (spread cost, margin, profit/loss) of prospective trades.

    Charting Features

    The charting tab is located under the trading dashboard. Unfortunately, trader's can't customize the size of the chart.

    There are four main features of the charting functionality:

    • Time frame: A choice of chart timescales between minutes (1, 5, 15, 30), hours (1, 2, 4), 1 day, and 1 week.
    • Chart type: Traders can choose between bar, candle, or line chart design.
    • Cursor type: Crosshair or plain cursor.
    • Studies: A charting tool that allows traders to draw up to five different indicators on the chart. These indicators vary from the simpler ‘standard deviation' index to the likes of a linear regression curve or gator oscillator. There are a total of 90 indicators available, although only 5 can be drawn up at a time.
    AvaTrade studies customization
    This screenshot is only an illustration. Current market prices can be found on the broker website.

    Start Trading Now at AvaTrade.com

    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    AvaTrade Education Resources

    There are two types of educational resources offered by AvaTrade. The main resource library is the Education tab on the AvaTrade website.

    It offers several 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 with a total of 55 videos on trading strategies, tools, safety, and generic beginner lessons.
    • 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.
    • Economic Indicators: An explanation of different types of statistics about particular countries' economies and how they are used.
    • ebook and Blog: Forex First Steps is an eBook for new traders. Traders can learn forex trading and other trading concepts. There is also a blog with various trading tips and insights.
    • Order: The section named ‘Other Type' in the dropdown menu leads to a page that explains different types of orders and how they are used.

    Customer Support

    AvaTrade has an extensive customer support center with phone support numbers in 38 countries.

    AvaTrade customer support phone numbers
    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    While there is an international phone number available on AvaTrade's context page, it is unclear whether dedicated phone support is also in local languages.

    AvaTrade also offers live chat and email support. All support avenues are available 24-hours-a-day, 5 days-a-week.

    Official trading hours are from 21:00 GMT on Sundays to 21:00 GMT on Fridays.

    Start Trading Now at AvaTrade.com

    Risk Warning: 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    FAQs

    Given that there is a great bundle of information on this page, here are a few common queries to get you started with finding out about some of the basics.

    What is the minimum deposit for AvaTrade?

    The minimum deposit for AvaTrade is $/£/€100. This deposit can be made through various methods. You can fund your AvaTrade account via credit and debit card, wire transfer, Skrill, Neteller, and WebMoney.

    Note that credit and debit card payments are not available for Canadian residents, while Skrill, Neteller, and WebMoney are not available for the UK and Australian residents.

    Is AvaTrade regulated?

    AvaTrade is regulated by several authorities, including the Central Bank of Ireland (CBI), Australian Securities and Investments Commission (ASIC), Financial Services Agency in Japan (FSA), and the Financial Sector Conduct Authority in South Africa (FSCA).

    AvaTrade is also regulated by the Markets in Financial Instruments Derivative (MiFID) with permission to operate in EU countries.

    How long do AvaTrade withdrawals take?

    AvaTrade claims that the withdrawal process takes one to two working days (Mon to Fri).

    The arrival time of your funds depends on the payment method used for your withdrawal. The fastest withdrawals are usually processed via credit and debit cards, alternatively via e-wallets like Neteller and Skrill. Wire transfers may take the longest.

    How do I withdraw money from AvaTrade?

    Before you can withdraw your money from AvaTrade, you need to ensure that your AvaTrade account and identity have been fully verified and confirmed by the AvaTrade team.

    Once the KYC and verification process is completed, you may proceed to withdraw your funds. The process takes one to two working days, although your funds may take longer to arrive.

    It must be noted that initial deposits must be withdrawn with the payment provider you deposited with.

    Start Trading Now at AvaTrade.com

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail trader accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Credits: Original AvaTrade review written by Lawrence Pines. Major updates and additions in May 2020 by Marko Csokasi with contributions from the Commodity.com editorial team.