Pros / Cons
- Global Multi-regulated Broker
- Low Minimum Deposit of $100
- Wide Deposit Options
- Crypto CFDs offered
- Not ECN account
Last AvaTrade Review update: 2nd November 2020
What is AvaTrade?
Founded in 2006, AvaTrade is primarily based in Dublin, Ireland. Although they are an Irish forex broker, AvaTrade has sales and support offices located throughout the world, including Sydney (Australia ), London (UK), Dubai ( UAE ), Hong Kong, and Singapore.
For over twelve years, AvaTrade has worked with over 200,000 retail and institutional Forex traders from all over the world and established itself as a reputed Forex broker who mainly operates in the online financial industry.
They are an official partner of Manchester City, one of the most popular football teams in the UK Premier League.
Since establishing its sales office in Sydney, AvaTrade has also obtained a license from the Australian Securities and Investments Commission (ASIC License No.: 406684).
How does AvaTrade work?
You can start trading over 250 instruments with only $100 minimum deposit to start trading if you want to open a real account. However, to try their platform you can go for its free 21-day demo account.
Regulation & Trust
Is AvaTrade a legit and regulated broker?
Yes, it is. As a global online broker, they are regulated by some of the major government regulatory bodies, including Central Banc of Ireland (Europe), ASIC (Australia), FSA ( Japan ), FSCA ( South Africa ), BVIFSC, and the ADGM-FSRA (Abu Dhabi, UAE).
All customer funds are held in segregated accounts at tier 1 banks.
Trading Platforms & Tools
Does Ava Trade use Metatrader?
AvaTrade.com.au understands that different traders have different needs based on their frequency of trade and preference of access. To meet such varied requirements from a diverse and global client base, AvaTrade has invested in developing several trading platforms. Besides, they also offer the popular MetaTrader 4 and 5 platforms so that their clients feel right at home when they decide to switch to AvaTrade.
AvaTrade also offers a standalone trading platform, WebTrader. It’s an exclusive Forex and CFD trading platform that offers clients a professional set of tools they need to successfully manage their account from either desktop and tablet.
Besides offline trading software and cloud-based Web Trader, this forex brokerage has also developed AvatradeGO, separate mobile trading apps for both iOS and Android devices and smartphones so that customers can trade on the go.
If you are interested in options trading, you can choose AvaOptions, where you can trade over 40 FX options, with risk management and stop and limit orders tools.
Also DupliTrade, a very innovative social trading platform.
How many assets can be traded at AvaTrade?
They currently offer over 250 assets including forex, crypto CFDs, stock CFDs, commodities CFDs and index CFDs.
We also found that AvaTrade is one of the handfuls of brokers operating in the forex trading market that offers Bitcoin as a trading asset.
You can trade 3 crypto CFDs with AvaTrade: Bitcoin, Ethereum and Ripple.
What are the AvaTrade Spreads?
AvaTrade offers floating spreads starting with as low as 0.7 pips on EURUSD or 1.0 pips on GBPUSD.
What are their fees and commissions?
They only charge a $50 inactivity fee to clients that trading accounts without activity during 3 consecutive months.
What is their max leverage with VantageFX?
AvaTrade leverage varies depending on regulation and traded assets. For example, if you are based in Europe or the UK and trade forex, your maximum leverage will be 30:1. If you are Australia, you can get a leverage up to 400:1.
Research & Education
Their trading education materials are very good for beginners and professionals. You can find courses, market analysis, techniques, economic indicators, ebooks, and videos, but webinars and live education are not offered by now.
Type of Accounts
They currently offer 3 different types of trading accounts around the world: Standard (individuals), Corporate (company) account and Islamic.
Forex Islamic Accounts: They provide Swap-Free Accounts?
What is the minimum deposit on Vantage FX?
For opening an account, with them, the requirement is pretty low at $100, as it is aimed at individual traders.
Deposit and Withdrawal Methods
Currently, AvaTrade accepts major credit cards as well as local fund transfer methods available to customers, including wire transfers, Skrill, Webmoney and Neteller ( not available to EU & AU clients).
For Australian clients, They accept deposits in both the Australian Dollar and US Dollar. Clients can obtain payment method details after opening a live account with them.
AvaTrade also supports withdrawing funds via respective deposit methods. However, if you are going to use a credit card to fund your account, it may incur a small transaction charge.
Customers of AvaTrade can reach their customer service by calling its international phone nr +3537766705834 during Sunday GMT 22:00 to Friday GMT 22:00.
Although They do not list any email address on their website, you can always use their contact form to submit a request. Also, they have a live chat option on their website that customers can use to get customer support.
AvaTrade Review: Summary
Since 2006, They have been involved in offering innovative Forex brokerage solutions to its clients in every continent. Their cutting-edge technology platform coupled with a willingness to work with government regulatory authorities has helped them create a safe and secure trading environment for all types of traders.
Acknowledging this fact, They have come up with four different types of trading accounts to cater to different traders with varied requirements.
If you are looking for a global CFD broker with a focus on your local market, AvaTrade could be a good option as they are regulated by multi jurisdictions.
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