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96.8
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Overall
92
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Commissions & Fees
96
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Licensing & Safety
98
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Platforms & Tools
Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.
250+Number of instruments
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200,000+ Traders
Regulated by
FSCAFSCA
ASICASIC
IIROCIIROC
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AvaTrade review

21 April 2021 - Kate Leaman

Our AvaTrade review can confirm that this is a highly reputable broker, thanks to its vast experience and global regulation. AvaTrade is an award-winning company that was founded in 2006 by a team of financial experts. Since then, the company has grown rapidly and now boasts over 400,000 globally registered customers, who execute over two million monthly trades. At AvaTrade. you can trade forex, CFDs, cryptocurrency, stocks, indices, and commodities. These are available via MetaTrader 4, MetaTrader 5, and proprietary platforms.

  • ProMore than 1250 instruments available
  • ProSupports automated trading and copy trading
  • ProRegulated by CBI, B.V.I. FSC, ASIC, FSCA, FSA, FFAJ, and FRSA
  • ProBest broker for forex trading
  • ConNot regulated in the United States

AvaTrade overall scores

In this review, you can find all the information you need to decide whether AvaTrade is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how AvaTrade scored in each of our high-priority categories.

Commissions & Fees
92 Points
Payments
88 Points
Licensing & Safety
96 Points
Customer Service
89 Points
Trading Platforms & Tools
98 Points
Education
95 Points

AvaTrade fees and commissions

It’s easy to review AvaTrade’s fees as the broker lists spreads clearly on the Financial Instruments page. This page allows you to view the various spreads, which are the main form of fees charged by AvaTrade. The broker does charge an inactivity fee, which is fairly standard, yet if the account is not used for a year, there is also an administration fee. There are no deposit or withdrawal fees, however – a competitive decision which stood out as a major plus in our AvaTrade review.


Our experts have reviewed AvaTrade’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:

–      Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.

–      Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.

Below you will find a snapshot of the fees charged by AvaTrade. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.

The following table summarizes the fees charged by AvaTrade:

Trading Fees*
Type of Fee Cost
Minimum Spread EURUSD (pips) 0.6
Commission (%) 0%
Commission on Islamic Accounts (%) 0%

*Based on Standard account type.

Non-Trading Fees
Account Fee N
Inactivity Fees Y
Deposit Fees N
Withdrawal Fees N

AvaTrade trading fees

Our review of AvaTrade found that the broker has highly competitive trading fees. AvaTrade does not charge fees for trading directly and instead makes its profit via spreads. Within that model, the trading fees are very appealing, with some of the following example spreads:

  • EUR/USD from 0.9
  • Apple from 0.13%
  • Crude Oil Spot from 0.03
  • S&P 500 from 0.25 Over Market
  • MSCI Emerging Markets Index Fund from 0.13%
  • EURO-BUND from 0.03 Over Market
  • BTCUSD from 0.35% Over Market

Financing/overnight rates

As expected, AvaTrade does charge an overnight rate, which the broker refers to as an Overnight Premium. This is a set fee, and it varies by instrument. You can view and calculate the Overnight Premium by viewing information on the Trading Conditions and Charges page.

Click on the asset that you want to know the fees for, and you will see the relevant rates. As an example, the Overnight Interest Sell rate for EUR/USD is 0.0000%, whereas the Buy rate is 0.0118%.

Other examples of Overnight Interest Sell/Buy rates include:

  • Apple: -.01111% Sell/-0.0166% Buy
  • Crude Oil Spot: -0.0053% Sell/-0.0053% Buy
  • S&P 500: -0.0058% Sell/-0.0058% Buy
  • MSCI Emerging Markets Index Fund: -0.0111% Sell/-0.0166% Buy
  • EURO-BUND: -0.0042% Sell/-0.0042% Buy
  • BTCUSD: -0.033% Sell/-0.0694% Buy

Non-trading fees

Those who do not trade regularly should be aware of the potential fees for inactivity. Our AvaTrade broker review team cautions that if you have not used your account for three consecutive months, you will be charged an inactivity fee of $50 or 50 in your account’s base currency (e.g. 50 EUR or 50 GBP).

If you leave your account inactive for 12 consecutive months, AvaTrade will then charge you an administration fee of $100 or 100 in your account’s base currency (e.g. 100 EUR or 100 GBP).

You should keep in mind that most brokers have lower inactivity fees and charge them monthly. AvaTrade takes a somewhat unique approach by having a higher inactivity fee and administration fee, yet each of which is only charged once.


AvaTrade safety

Our AvaTrade forex broker team can confidently state that AvaTrade is a safe broker. It is regulated by numerous organizations and regulatory bodies around the world, including the CBI, B.V.I. FSC, FSCA, ASIC, FSA, FFAJ, and FRSA. Client funds are always segregated, regardless of where your AvaTrade account is based. European clients additionally receive deposit compensation via the ICCL Investor Compensation Company Ltd.


Pros
Cons
ProRegulated and authorized by the CBI, B.V.I. FSA, FSCA, ASIC, FSA, FFAJ, and FRSA
ProSegregated client funds
ProICCL deposit compensation for European clients
ProNegative balance protection for all clients
ProNo regulation in the United States

AvaTrade licenses and regulation

As a worldwide broker, AvaTrade is regulated and licensed by various authorities in different jurisdictions:

The number of licenses certainly caught our eye during our review of AvaTrade forex broker, as it’s rare for a single broker to be regulated and licensed by so many organizations around the world. As such, this should give you a high level of trust in the broker.

Is AvaTrade safe?

Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:

  • What protection and/or insurance AvaTrade offers should something go wrong
  • AvaTrade’s reputation, history, and management

AvaTrade client protection

Depending on the region in which you open your AvaTrade account, you may be entitled to additional client protection.

Client Protection
Country
Legal Entity
Protected Up To
Regulators
United Kingdom
Trading Point of Financial Instruments UK Limited
£85,000
FCA
EEA countries
Trading Point of Financial Instruments Limited
€20,000
CySEC
Australia
Trading Point of Financial Instruments Pty Limited
No Protection Offered
ASIC
Rest of world
XM Global Limited
No Protection Offered
IFSC

As an AvaTrade client, you will always receive negative balance protection. This is true regardless of the country or region in which you open your account. Client funds are also stored in segregated accounts, in compliance with various regulatory bodies.

The broker uses 256-bit SSL encryption across its website and has the Embedded True-Site identity assurance seal. To prevent identity theft and credit card fraud, AvaTrade utilizes McAfee Secure (HackerSafe).

AvaTrade background and reputation

AvaTrade has been in operation since 2006, providing consistently reliable service to clients. This should give you confidence while you review AvaTrade, as the longevity of the broker indicates that it is unlikely to fail anytime soon.

AvaTrade’s history is almost entirely clear from scandals, scams, and warnings. The sole exception is that the Canadian government in Saskatchewan advised residents not to invest with AvaTrade in 2018. This was simply due to the lack of registration for operations in that jurisdiction, as well as in British Columbia, Quebec, and Ontario. This should be taken with a grain of salt, as many brokers choose not to operate in these Canadian provinces due to regulations that are extremely hard to meet. Additionally, AvaTrade will not accept clients from these provinces anyway, due to the lack of regulation. With proper context, this is far from a scandal.

The American Institute of Certified Public Accounts has determined that AvaTrade is WebTrust-compliant.

The AvaTrade Financial Centre is located in Dublin, Ireland. The broker has additional international offices in Sydney, Australia; Santiago, Chile; Beijing, China; Milano, Italy; Tokyo, Japan; CDMX, Mexico; Mongolia; and Johannesburg, South Africa.


Opening an account with AvaTrade

Our AvaTrade review team found it incredibly straightforward to open an account with the forex broker. It is quick, only taking a matter of minutes, and can be completed online. The minimum deposit is also very accessible at just 100 units of the base currency i.e. $100, 100 EUR, 100 GBP, or 100 AUD. Overall, this easy registration process should make AvaTrade a convenient option no matter where you’re trading from.


Is AvaTrade available in your country?

AvaTrade is available in most countries due to its global regulation. Some countries, however, have a more limited selection of assets available.

AvaTrade is not available in the United States as it is not regulated there.

How to open an AvaTrade account

Opening an AvaTrade account is incredibly easy, and you can complete the steps within minutes.

  • Step 1

    Go to the XM Group homepage and select the “Open an Account” button in the top-right corner

  • Step 2

    Fill in personal details, including name, email address, country of residence, preferred language and phone number

  • Step 3

    Select which XM Group entity you wish to trade with (only for EU traders, choose between XM CY or XM Global) and select your trading platform (choose between MT 4 and MT5)

  • Step 4

    Supply the broker with your date of birth and address (this should be the same as it will appear on your supporting documentation). Verify whether you are a US citizen for tax purposes, choose your base currency and your leverage

  • Step 5

    Answer questions about employment status, capital, trading aims, and trading experience

  • Step 6

    Create a password, accept terms and conditions and select the “open real account” button

  • Step 7

    Download and open the trading platform software and log in with your new XM credentials

What you will need to open an account

Review AvaTrade forex broker registration requirements before opening an account. This will help you ensure that you have the proper information and documents on hand.

  • Personal information – You will need to provide your full name, email address, phone number, address, tax residency information, and employment status.
  • Regulatory information – As part of KYC and AML requirements, AvaTrade requires the above personal information and below documentation. In some jurisdictions, such as Europe, AvaTrade may also ask you to complete a small questionnaire concerning your trading aims, experience, and knowledge.
  • Documentation – You must submit proof of ID and address to verify your account. The proof of ID must be a colored copy of a government-issued ID, such as a driver’s license or passport. It must include your date of birth, name, and photo. The proof of address must be a utility bill that includes your name and address. It must also display the date issued, which must be within the past six months. Mobile phone bills are not accepted. If you make a deposit using a credit card, you may also need to submit images of the card in question, with the middle eight digits from the front and the back security code hidden.

To open an account with AvaTrade, you’ll need to provide proof of identity and proof of address. This process allows AvaTrade to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices, such as money laundering.

What is the minimum deposit at AvaTrade?

The minimum deposit at AvaTrade is just 100 units of the base currency. If your account is in USD, this is $100. Otherwise, it may be 100 EUR, 100 GBP, or 100 AUD.

AvaTrade payment methods

You can choose to open an AvaTrade account in one of four base currencies: USD, EUR, GBP, or AUD. Keep in mind that only Australian customers can choose AUD as their base currency, and only customers from the United Kingdom can choose GBP as the base currency. The deposit and withdrawal methods vary based on location. All clients can use credit cards and wire transfers, and clients from outside Australia and the EU can also use e-payments.

Payment Methods
Method
Depositing time
Accepted currencies
Depositing fee
Max. deposit
Withdrawal
Withdrawal time
Minimum withdrawal
Withdrawal fee
Visa (Credit, Debit)
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Visa Electron (Credit, Debit)
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Mastercard
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Maestro
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
UnionPay
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Neteller
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Skrill
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Sofort Banking
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
Depends on Country
5 USD (or equivalent)
N/A
Bitcoin
Instant
USD,EUR,JPY
N/A
Y
24 Hours
5 USD (or equivalent)
N/A
Bank Transfer
Instant
USD,EUR,GBP,CHF,AUD,PLN,HUF
N/A
Y
2-5 business days
200 USD (or equivalent)
Depends on bank

AvaTrade account types

As you review AvaTrade forex broker account types, you will notice that they vary based on where you’re trading from. Most clients can open one of two account types: a Standard Account or an Options Account. If you are in Abu Dhabi, you’ll also have the option of a Professional Account, whilst European clients can open Professional or Spread Betting accounts too. As each account type offers access to all asset classes and numerous trading platforms. whichever way you like to trade, there’s an AvaTrade account for you.


Account Types
Minimum Deposit
Max Leverage
Minimum Order Size
Spreads
Commission
Available Instrument Types
Available Instruments
Trading Platforms
Automated Trading
Execution Type
Standard
100 USD/EUR/GBP/AUD
1:400
Microlot
From 0.9
N/A
FX, Indices, Commodities, Crypto, Equities, ETFs, Vanilla Options
1,000+
Webtrader, MT4, MT5, AvaTradeGO (app), AvaOptions
Y
Market Maker
Pro
100 USD/EUR/GBP/AUD
1:400
Microlot
From 0.6
N/A
FX, Indices, Commodities, Crypto, Equities, ETFs, Vanilla Options
1,000+
Webtrader, MT4, MT5, AvaTradeGO (app), AvaOptions
Y
Market Maker
ESMA
100 USD/EUR/GBP/AUD
1:30
Microlot
From 0.9
N/A
FX, Indices, Commodities, Crypto, Equities, ETFs, Vanilla Options
1,000+
Webtrader, MT4, MT5, AvaTradeGO (app), AvaOptions
Y
Market Maker

Demo accounts

Our AvaTrade review team strongly suggests that you open a demo account before trading with a live account on AvaTrade. The demo account is completely free, and you can use it on all of the supported trading platforms. The demo account comes with $100,000 in virtual funds.

We suggest that beginners use this demo account to hone their skills and test strategies. The demo account is also an excellent way to get a feel for the various platforms. Even advanced traders should use the demo account to test new strategies before implementing them.

Islamic accounts

Opening an Islamic account is simple and lets you trade in a way that is compliant with Sharia law. Before you open an Islamic account, you must first open a regular account. After you’ve created and verified it, add some funds. Once there are funds in the account, you can register for an Islamic account. It usually takes one or two business days to process the requests.

Professional accounts

Because the account offerings from AvaTrade are fairly straightforward, we included a deeper look at Professional accounts in our review of AvaTrade Forex broker. Remember that this type of account is only available in select EU countries and under European Union regulations.

Professional traders receive tighter spreads when trading, along with the possibility of increased leverage. Because the risks are greater, you must meet two out of three requirements to open a professional account with AvaTrade.

To open a Professional account, you must:

  • Have had an average of 10 transactions per quarter, of significant size, for the past four quarters
  • Have at least a year of experience working in the financial sector in a professional role that required service or transaction knowledge, and/or
  • Have at least 500,000 EUR in your financial investment portfolio, including financial instruments and cash savings

AvaTrade trading platforms

Our AvaTrade broker review team is highly impressed by the variety of platforms offered by the broker. Clients can use the ever-popular MetaTrader 4 and MetaTrader 5 platforms, which advanced traders are already familiar with. There is also a mobile AvaTradeGO application, AvaOptions, and support for external automated trading platforms. This includes DupliTrade, ZuluTrade, and MQL5 – Signals Service.


AvaTrade offers seven trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too.

To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of AvaTrade’s trading platforms. When doing so, they considered a range of factors, including how easy the platforms are to use, what features each trading platform offers, and how suited each platform is to different types of traders.

Trading Platforms

MetaTrader 4

MetaTrader 4 (MT4) has been around since 2002 and is the industry standard for Forex and CFD trading. You can access the AvaTrade MT4 trading platform via your personal computer, web browser, or mobile device. The platform is fast and flexible.

You can access trading signals from some of the top providers via MetaTrader 4. Plus, you can take advantage of expert advisors for algorithmic trading. Our AvaTrade broker review also encourages you to look into the Guardian Angel feature incorporated into MT4, which is a personal decision-making tool aimed at novice traders. MetaTrader 4 also allows hedging, which gives you protection from market uncertainties.

You can use the MQL4 programming language to develop custom trading tools or take advantage of those that are already in the program.

MT4 already includes nine timeframes, three charts, 30 built-in indicators, and 24 graphical indicators as well as four pending order types.

With MT4, AvaTrade clients can trade directly from the charts, trade micro-lots, and take advantage of streaming news. There is even a free chat function for the trading community on the mobile version.

MetaTrader 5

We suggest that advanced traders review AvaTrade’s MT5 access as this platform has even more tools available than the MetaTrader 4. MT5 also supports expert advisors and custom indicators, as well as scripts and libraries. It is available on mobile devices, the web, or as a download.

You can use the already-created automated trading robots made by professionals or create your own. The programming language in MT5 is MQL5, which is for financial applications. Compared to MT4, MT5 is more advanced and features a quicker development cycle, which makes optimization easier.

To help with your analysis and trading, you can use 12 timeframes, three charts, 38 built-in indicators, six pending order types, and 37 graphical objects with MT5 for AvaTrade. You also get the ability to trade directly from charts, one-click trading, micro-lots, and a multi-threaded strategy tester that advanced traders will appreciate.

AvaTradeGO

In addition to the mobile versions of MT4 and MT5, you can trade on the go with AvaTradeGO. It includes full access to AvaTrade instruments. The application includes clear charts, details, zoom functionality, and intuitive management tools.

Monitoring markets and executing trades is simple on AvaTradeGO. There is also an exclusive Market Trends feature to monitor social trends from the community of traders. This feature gives you insight and helps with sentiment analysis.

AvaTradeGO also offers AvaProtect, a unique feature that sets the broker apart from the crowd. Our AvaTrade reviewers found that AvaProtect is a risk management tool that protects your trades. You have the option to purchase protection for a trade and indicate the duration. If the protection period is over and the open position is losing, AvaTrade will reimburse you. It is a small fee that can provide 100% protection on your trades.

AvaOptions

AvaOptions is the AvaTrade platform designed specifically for trading options. It features 13 options trading strategies as well as the ability to trade forex and forex options visually. AvaOptions is available as a mobile application, where you can access more than 40 currency pairs in addition to any combination of put and call options. The platform lets you execute spreads, risk reversals, straddles, strangles, and more.

Both the mobile and desktop versions of AvaOptions feature risk management tools, including the ability to view risks and simulate positions. You also get flexible orders, including limit and stop orders, with pre-determined premium levels. This way, you have complete control. The interface is fully customizable, with features like streaming prices for options and spots, payoff diagrams, and live risk reports.

Our AvaTrade review team also recommends this platform to professionals because of its money management features. That includes the ability to trade on multiple accounts with just one ticket. AvaOptions also comes with an interactive streaming pricing widget, options education, physical or cash settlement in a margin account, and streaming liquidity.

DupliTrade

We encourage AvaTrade clients interested in automated trading to consider using the DupliTrade platform, which is compatible with MT4. This is a user-friendly platform that makes it possible to copy trades made by experts. You can choose from a range of successful traders and their successful strategies. You can see trading records and the proven history before you choose who to copy, providing you with additional confidence.

With DupliTrade for AvaTrade, you can easily analyze and track your trading account with real-time information. For further control, you can view extensive information about each strategy and strategy provider before choosing one. You can see the strategy type, net profit/loss (percent), followers, and charts of the strategies.

To use the DupliTrade platform, you will need to have at least $2,000 in your AvaTrade account. Our review of the AvaTrade Forex broker points out that this minimum is higher than the $100 minimum for opening an AvaTrade account, so you should plan accordingly.

ZuluTrade

ZuluTrade is another automated trading platform that can appeal to a range of AvaTrade clients. This platform also works with MetaTrader 4. With ZuluTrade, you copy and follow seasoned traders. It gives you the ability to choose from many signal providers and view rankings based on currency, success, and other factors.

ZuluTrade comes with strategy and risk management tools. It also features ZuluGuard for protection, in case the signal providers you are copying change their strategy or their trades stop doing well.

Our team cautions that there is a higher minimum deposit to access ZuluTrade than AvaTrade in general, although it is more accessible than that of DupliTrade. The minimum balance to use ZuluTrade with your AvaTrade account is $500. You can also use your demo account with ZuluTrade if you wish.

What is the execution policy at AvaTrade?

As you review AvaTrade’s execution policy, you will notice that the broker is a market maker. According to AvaTrade, this execution policy allows it to maintain highly competitive spreads. AvaTrade prides itself on offering a fast execution speed, and there are no requotes on MetaTrader 5.


AvaTrade markets and products

AvaTrade provides access to more than 1250 instruments in nine asset classes,  including forex and CFDs, commodities, ETFs, shares, and cryptocurrencies. This huge range is larger than many brokers of the same caliber and provides you with great opportunities to protect your balance by diversifying your portfolio. Our AvaTrade review team was especially happy to find a wide range of cryptos, as we know these are increasing in popularity with all types of traders.


Instrument Number
Currency Pairs 55
Commodities 18
Precious Metals 5
Indices 20
Stocks and Shares 617
Cryptocurrencies 14
Options 44
ETFs 5

Currency pairs

The 55 currency pairs offered by AvaTrade include majors, minors, and exotics. With so many currency pairs, you can trade currencies from around the world.

As an example of the trading conditions for Forex pairs, EUR/USD has spreads from 0.9 pips, leverage of up to 400:1, and margin requirements of just 0.25%.

Commodities

Commodities are one of the many instruments AvaTrade offers as CFDs, allowing you to diversify your portfolio without owning the underlying asset. Commodities include agricultural products and energy. Spreads and leverage depend on the commodity in question.

As an example, gold has spreads from 0.34 and leverage of up to 200:1, while these figures are $0.25 over market and 33:1 for corn or $0.0015 over market and 50:1 for heating oil.

Precious metals

Precious metal CFDs are included under the commodity CFDs from AvaTrade. These include copper, platinum, gold, silver, and palladium. Most of these have maximum leverage of 50:1, although the maximum leverage for gold is 200:1.

Indices

You can easily see the global reach of AvaTrade via its index offerings, which are also offered solely as CFDs. There are indices from around the world, including the S&P 500, NASDAQ 100, DJ EURO STOXX50, MSCI, SPAIN 35, NIKKEI225, and CHINA A50. There are also rarer indices, such as the CANNABIS INDEX, which are perfect for adventurous traders.

Stocks and shares

Trading stocks and shares on AvaTrade is only available via CFDs, so you should keep that in mind. This is a nice alternative to traditional stock trading as it allows you to profit from market movements in either direction and trade with leverage.

As an example of stock trading conditions, Apple, Cisco Systems, Google, and Amazon all have spreads from 0.13%, margin requirements of 10%, and leverage of up to 10:1.

One important thing to note is that trading on MetaTrader 5 gives you full access to the 617 stocks and shares from AvaTrade. Trading on MetaTrader 4 only provides access to 64 of these. In the experience of our AvaTrade broker review team, the latter of these figures is an average amount of CFD shares available for trading, while the offerings for MT5 are exceptional.

Cryptocurrencies

Based on the findings from our review of AvaTrade, we encourage those of you with an interest in cryptocurrency to consider crypto CFDs at this forex broker. Cryptocurrency CFDs let you trade and make a potential profit without having to own the underlying asset. With 14 cryptocurrency pairs available, AvaTrade has an above-average selection.

Notably, our AvaTrade Forex broker review team points out that Bitcoin is available as an instrument traded with more than just USD. You can also trade BTC/EUR and BTC/JPY, the latter of which is a particularly rare offering. The inclusion of the CRYPTO 10 INDEX is also noteworthy as it allows you to invest in cryptocurrency as a whole.

ETFs

Although AvaTrade only has five ETFs available, they are fairly varied, including the MSCI Brazil Index Fund for international interests. The other ETFs are the MSCI Emerging Markets Index Fund, the S&P 500 VIX Short-Term Futures ETN-Series B, Market Vectors TR Gold Miners, and Energy Select Sector SPDR.

Bonds

Just two bond CFDs are available from AvaTrade, although this is more than most competitors offer. You can trade EURO-BUND or JAPAN GOVT BOND, each with leverage of up to 20:1 and with spreads of 0.03 over market and 0.06 over market, respectively.

FX options

The inclusion of forex options in certain markets is a feature that helps AvaTrade stand out from the competition. Trading vanilla options lets you choose from call or put options, including the ability to buy or sell either.

Leverage on most Forex options is up to 100:1, and the spreads are typically the same as they are for the relevant Forex pair.

Social trading

Social trading is available on AvaTrade via DupliTrade and ZuluTrade, both of which easily integrate with MT4 and accommodate a range of asset classes.


AvaTrade research tools

Between the tools offered on its website and those on the various platforms, our AvaTrade forex broker review team found multiple useful research resources for traders of all levels. In addition to the Guardian Angel tool available on MT4 and MT5, and AvaProtect on the AvaTradeGO app, the broker also offers earnings releases, CFD rollover dates, trading calculators, and other useful analysis tools.


AvaTrade Research Tools
News (from top-tier sources) Y
Trading Signals and Indicators Y
Trade Ideas Y
Expert Analysis Y
Autochartist Tools Y
Sentiment Charts Y
Economic Calendar Y

News

You can find recent news from the industry in the News section of the broker’s blog. For the most relevant news, look at the Market Analysis & Reviews section.

Trading signals and indicators

The MQL5 Signals Service is one of the ways that AvaTrade gives you access to forex signals. MQL5 Signals Service is fully integrated with both MT5 and MT4. There is no required minimum account balance nor any hidden fees or commissions. Before choosing a provider to subscribe to, you can view their historical data to make an informed decision. Additionally, MQL5 has global cloud infrastructure, allowing for faster execution of signals. MQL5 signals put you in complete control, as you can add, remove, or renew signal subscriptions.

Trade ideas

Trade ideas come in multiple forms with AvaTrade. If you want ideas, the best option we discovered during our review of the AvaTrade Forex broker is subscribing to MSQL5 signals or Expert Advisors. Alternatively, you can make use of the social and copy-trading capabilities on ZuluTrade and DupliTrade.

Expert analysis

AvaTrade offers market analysis to all clients, and a login is required to access this information. The expert analysis includes technical analysis, fundamental analysis, and sentimental analysis.

Autochartist tools

You can use Autochartist with MetaTrader 4 on AvaTrade, including technical analysis tools, chart pattern recognition, Fibonacci pattern recognition, pattern quality indicators, and key level analysis.


AvaTrade education and training

You will find yourself with plenty of educational materials to review at AvaTrade, including the trading academy called Sharp Trader. The broker also provides video content and live webinars, to help you continue growing as a trader. Our experts found that AvaTrade’s educational offerings were far more substantial than competitors, which proves that the broker is committed to assisting both beginner and veteran traders.


AvaTrade Educational Features
Demo Account Y
Platform Tutorial Videos Y
Educational PDFs Y
Live Webinars Y
YouTube Videos N
Trading Academy Y
Trading Glossary Y

Platform tutorial videos

There are dozens of tutorial videos on AvaTrade, featuring introductions to the platforms as well as various concepts. You can find videos on how to use the platforms and their specific tools.

The tutorial videos make up a significant portion of AvaTrade’s education section, including advice and information for both advanced and beginner traders. The videos also include topics like trading safety and trading strategies.

Educational PDFs

AvaTrade offers a free e-book to help traders with their basic trading education. The e-book is free when you log into your account or just provide your contact information.

Live webinars

AvaTrade regularly hosts webinars on a range of topics. Interestingly, there is no dedicated page on the broker’s website for these. Instead, AvaTrade announces them in its blog.

Trading academy

There are many educational articles throughout the AvaTrade website, providing a basic introduction to various trading concepts and strategies. These include topics for beginners and advanced traders alike. Most of the articles are in the Education section, including on the Blog page.

Sharp Trader is AvaTrade’s premium educational website that has exclusive content just for clients. It features analytical videos, trading tools, daily fundamental and technical analysis, and educational videos for traders of all skill levels.

Trading glossary

Although there is not a single dedicated glossary page on AvaTrade, we feel the broker makes up for this by defining various terms throughout its website, on the educational pages, and in the FAQ section.


AvaTrade customer support

Our experience with AvaTrade customer support has been positive, with quick response times across multiple contact methods. There are even separate contact numbers for dozens of countries, meaning you can always call a local number for phone assistance. Between phone, email, and live chat, you’ll have no problem contacting customer support.


Pros
Cons
Pro24/5 support available
ProSupport in more than 14 languages
ProSupport via live chat, email, or phone
Pro9 offices worldwide
ConResponses to live chat are not always instant

During our review of AvaTrade, we tested multiple contact methods, including:

  • Live chat
  • Sending an email via the contact form
  • International phone number: +353766705834

Additionally, AvaTrade has separate contact numbers for many of the countries where it operates. There are unique numbers for 21 European countries, Australia, two African countries, seven Asian countries, four South American countries, two Middle Eastern countries, and one North American country. For added convenience, you can find the number for your location at the top of the AvaTrade website at all times, preventing the need to visit the Contact Us page and scroll through numbers.

AvaTrade has a reasonably extensive FAQ section with answers to most of the questions you are likely to have. Conveniently, the FAQ section has categories, sub-categories, and a search feature.

The customer support team is competent and available 24/5. It is easy to get answers to your questions, and our sample queries were answered promptly and in plenty of detail.

AvaTrade mobile compatibility

Our AvaTrade review found that the broker was easy to use on mobile devices. We appreciate the fact that AvaTradeGO, MetaTrader 4, and MetaTrader 5 are all available on mobile devices, in addition to mobile compatibility with automated trading. You’ll enjoy full functionality via these mobile applications, as well as unique features like AvaProtect. Furthermore, the ability to use a single login across devices – including mobile ones – is highly convenient.

The AvaTrade website is among the easier broker pages to navigate on mobile devices. It does not cut off any of the navigation menus on a mobile device, which is rare and makes exploring the site easier. Of course, visiting the website on a mobile device requires additional clicks, but all content is readily available.


AvaTrade – Our verdict

After compiling all the information for our review of AvaTrade, our team can confidently recommend this Forex broker. Its licensing across numerous jurisdictions and long history provides peace of mind. Additional fund protection, such as negative balance protection and compensation in certain regions, adds to the appeal of the broker.

AvaTrade has a competitive selection of instruments and asset classes for trading, including spread betting and options in certain jurisdictions. This, paired with familiar trading platforms like MetaTrader 4 and MetaTrader 5, makes the broker stand out from the crowd. What’s more, you can enjoy proprietary platforms and social trading.

Based on our research, you should have no hesitation in opening an account with AvaTrade. Click the link and sign up within minutes to start trading.

AvaTrade Final Summary
Minimum Deposit (USD) 100
Licenses FSCA, ASIC, IIROC, FSC, FSA, CBI.
Max. Leverage 1:400
Client Protection Y
Broker Type Market Maker
Number of Instruments 250+
Currency Pairs 55
Stocks 617
Cryptocurrencies 14
CFDs Y
Proprietary Trading Platform N
MT 4 Y
MT 5 Y
Mobile Compatible Y
Research Tools Y
Educational Materials Y
Payment Methods Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
24/5 Customer Support Y
Live Chat Y

*Max leverage of 1:30 for EU clients

AvaTrade information

  • Year Founded: 2006
  • Company Trading Names: AVA Trade EU Ltd., AVA Trade Ltd., Ava Capital Markets Australia Pty Ltd., Ava Capital Markets Pty, Ava Trade Japan K.K., Ava Trade Middle East Ltd.
  • Licenses: CBI, B.V.I. FSC, ASIC, FSCA, FSA, FFAJ, and FRSA
  • Headquarters Address: AvaTrade Financial Centre, Five Lamps Place, Amiens Street, Dublin 1, Ireland
  • Phone Number: +353766705834
  • Facebook: https://www.facebook.com/AvaTrade/
  • Twitter: https://twitter.com/AvaTrade

Risk Disclaimer: AvaTrade offers CFD products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Our methodology: This review of AvaTrade has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.

We update our methodology and our reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.


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