AvaTrade review

AvaTrade is a pioneering and highly regulated online broker that offers a wide range of trading platforms, instruments, and account types. They prioritize customer satisfaction and provide a secure trading environment. With over 400,000 happy traders globally, AvaTrade offers cutting-edge technology, multiple trading platforms, dedicated customer service, educational resources, and strong security measures. AvaTrade has a long history dating back to 2006 and is regulated by reputable authorities such as ASIC (Australia), CBI (Ireland), FFAJ (Japan), FSCA (South Africa), AD-FSRA (UAE, Abu Dhabi), and BVI FSC. The broker has even partnered with Aston Martin, a renowned supercar manufacturer. Withdrawals at AvaTrade typically take 1 or 2 business days to process, while deposits are instant. Since its inception, AvaTrade has received numerous awards, including Best Mobile Trading Platform, Best Affiliate Programme, and Most Trusted Broker for 2023. The broker has a very good reputation on Trustpilot making it a reliable choice among traders. Not only is the website multilingual but there are multiple websites offered for diverse jurisdictions to fully adjust to local regulatory environments. The broker has introduced AvaProtect enabling traders to get refunded on losing trades and also implements negative balance protection for retail accounts. With segregated accounts, clients' funds are untouchable by the broker. Additionally, all support is available in multiple different languages, making AvaTrade a trustworthy global broker.

COUNTRIES

Afghanistan, Albania, Algeria, Andorra

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REGULATIONS

ASIC, CySEC, DFSA, FSCA

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ACCOUNT CURRENCIES

AUD, CHF, EUR, GBP

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ASSETS

CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals, Soft Commodities

PLATFORMS

MT4, MT5

DEPOSIT METHODS

Bank Transfer, Credit Card, Neteller, Perfect Money, Skrill, STICPAY

OTHERS

Segregated accounts, Cent Accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Lowest spreads, Mini lots, NDD, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, STP, Swap-free

PROMOS

Deposit bonus, Free VPS, Welcome bonus, Referral bonus

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AvaTrade stands out for its range of account options, catering to different types of traders. While it doesn't offer traditional trading accounts, it provides retail, professional, demo, and Islamic accounts. Retail accounts are designed for individual clients and grant access to a wide array of financial instruments, such as Forex, stocks, commodities, futures, and cryptocurrencies. The specific features offered, such as leverage and margin requirements, may vary depending on the regulatory jurisdiction and the chosen account type. As a market maker broker with an in-house dealing desk, AvaTrade is able to offer low fixed spreads. For example, the fixed spreads for EURUSD are set at 0.9 pips, lower than the industry average of 1 pip. This fixed spread feature allows traders to open positions at low spreads even in highly volatile markets. AvaTrade particularly appeals to experienced traders who enjoy trading news during periods of extreme market volatility. However, it's worth noting that the spreads for GBPUSD are slightly higher at 1.5 pips. The maximum leverage available also varies depending on your jurisdiction, with some allowing up to 1:400. However, regulatory bodies like FCA, ASIC, and CySEC restrict the leverage to a maximum of 1:30. In addition to its diverse account options, AvaTrade offers Islamic trading accounts, also known as swap-free accounts, which cater to traders who adhere to Islamic Sharia laws. For those who qualify as professional traders, AvaTrade provides accounts with a leverage of up to 1:400, lower margin requirements, and priority customer support. To support traders at all levels, AvaTrade provides a dedicated trading academy offering courses for beginners. These courses cover essential trading concepts related to Forex, cryptocurrencies, and commodities. The broker also maintains a trading blog and offers various trading tools, including an economic calendar, Trading Central, a calculator, and analysis. Traders can access periodic fundamental and technical analyses in the AvaTrade analysis section, further enhancing their trading experience. Overall, AvaTrade offers a comprehensive range of account options, educational resources, and trading tools, making it a suitable choice for traders of different skill levels and preferences

FAQS ABOUT AVATRADE

Is AvaTrade a trusted broker?

Yes. AvaTrade holds multiple licenses from reputable regulators including FSCA, ASIC, FFAJ, and offers fixed spreads from 0.9 pips.

What is the minimum deposit on AvaTrade?

AvaTrade has a minimum deposit requirement of 100 USD, depending on the trading account selected this number may be different.

What countries is AvaTrade available?

AvaTrade offers its services to several jurisdictions including the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands.