AvaTrade – Forex Broker review

AvaTrade – Forex Broker review
3.8 (75%) 4 votes

Read AvaTrade forex broker review, rating and detail information for their services below. AvaTrade founded in 2006 as AvaFX and boasts more than 150,000 clients in 150 countries. They have also branch offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. First of all AvaTrade is one of the oldest brokers who introduce CFD trading on commodities, indices and stocks.

Above all AvaTrade also introduce trading in Cryptocurrencies mostly Bitcoin for their retail traders from 2013. Furthermore, in honor of their 10 year anniversary, traders can receive a 100% bonus. AvaTrade also offers spread betting in UK and Ireland.

Regulation

AvaTradeGOAvaTrade is regulated by the Central Bank of Ireland (Reference No: C53877). It is subjected to the ‘Markets in Financial Instruments Directive’ (MiFID) issued by the European Union (EU). Furthermore AvaTrade is regulated by below regulatory boards.

  • Australian Securities & Investments Commission (ASIC)
  • Financial Services Commission (British Virgin Islands)
  • Financial Services Agency in Japan
  • Financial Futures Association of Japan
  • Commodities Futures Association of Japan

Trading Platforms

AvaTrade provides MetaTrader 4 platform developed by MetaQuotes Software to its clients for an efficient and reliable trading experience. They also offer AvaTrader platform. AvaTrader is a professional-grade trading platform which provides API Libraries free of cost. Even more, AvaTrade offers Mirror Trader for automated Forex trading. They are integrated with a variety of service providers like DupliTrade, MQL5 Signals and ZuluTrade with their account. AvaTrade platforms are also available for smartphone. The app is free and can be downloaded from Google PlayStore and Apple App Store.

Hence, please find the below list for all platforms provides by AvaTrade.

  • MetaTrader 4 (MT4) platform
  • AvaTrader platform
  • AvaTradeAct platform
  • AvaOptions and their WebTrader
  • RoboX platform
  • DupliTrade platform
  • Mirror Trader platform
  • ZuluTrade platform
  • MQL5 Signal Service platform
  • API Trading platform

Commissions & Spreads

Like other online Forex brokers, AvaTrade doesn’t have any commissions or service fee. The spreads at AvaTrade are in the form of fixed and floating spreads. Spreads for currency pair is starting from 0.9 pips. Leverage is offered at 1:400.

Cryptocurrencies Trading

AvaTrade supported 8 different types of cryptocurrencies which includes

  • Bitcoin
  • Bitcoin Cash
  • Dash
  • Ethereum
  • Litecoin
  • Monero
  • Neo
  • Ripple

Cryptocurrency trading allows traders to diversify their investment portfolio, as cryptocurrency price is mainly determined by market sentiment, demand and supply

Payment options

AvaTrade Supports credit cards (Visa, Mastercard, etc), eWallets or bank wire transfer for deposits and withdrawal. Withdrawals are also imitated through the same methods used for depositing the funds.

Support

Customer support at AvaTrade is available 24/7. Hence there are several ways which you can get in touch with the support team such as email, social media, live chat, fax and telephone. You also have the benefit of multi-lingual support. Above all customer can get support by phone to 34 countries. Their website available in English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, Taiwanese.

AvaTrade Detail Information

Company Ava Trade Ltd
Founded in 2006
Offices in Australia, France, Germany, Ireland, Italy, Japan
Payment options Credit/debit cards, Neteller, PayPal, Skrill, WebMoney, Wire transfer
Demo platforms MetaTrader 4 (Limited with 21 days), AvaTrader
Account currencies Australian dollar, Euro, Japanese yen
Currency pairs
AUD/CAD AUD/CHF
AUD/JPY AUD/NZD
AUD/USD BTC/USD
CAD/CHF CAD/JPY
CHF/JPY EUR/AUD
EUR/CAD EUR/CHF
EUR/DKK EUR/GBP
EUR/HUF EUR/ILS
EUR/JPY EUR/NOK
EUR/NZD EUR/PLN
EUR/SEK EUR/TRY
EUR/USD EUR/ZAR
GBP/AUD GBP/CAD
GBP/CHF GBP/ILS
GBP/JPY GBP/NZD
GBP/SGD GBP/USD
NZD/CAD NZD/CHF
NZD/JPY NZD/USD
USD/CAD USD/CHF
USD/DKK USD/HUF
USD/ILS USD/JPY
USD/MXN USD/NOK
USD/PLN USD/SEK
USD/SGD USD/TRY
USD/ZAR
Regulated by ASIC, 143 340 907; Central Bank of Ireland, C53877; Financial Futures Association (Japan), 1574
Website available in Arabic, Chinese, English, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish
Support available in Arabic, Chinese, Dutch, English, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Portuguese, Romanian, Russian, Slovenian, Spanish, Swedish, Turkish
Support methods Callback, Email, Forum, Live chat, Phone, Skype, Web form
Trading server time zone GMT
Conditions for VIP traders Reduced spreads, free trading signals, every day contact with account manager.

AvaTrade Features

  • Bonus offers
  • Trading contests
  • Free education
  • Personal manager
  • PAMM accounts
  • Segregated accounts
  • Managed accounts
  • Islamic accounts available
  • Requires sending documents via postal mail

Account Types

  • Standard MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-Cancels-Other (OCO) orders
    • One-click trading
    • Mobile trading
    • Automated trading

AvaTrade Review and Rating

AvaTrade offers a wide range of trading platform. Most noteworthy, AvaTrade provides access to CFDs on popular cryptocurrencies, indices, ETFs, bonds, and hard and soft commodities, including metals. They also includes over 200 Forex pairs. According to their website, they have more than 200,000 traders. AvaTrade provides a good range of research tools and platforms for social copy trading. While they provide only one standard trading account for their customers.

Support
90%
Platform
90%
Bonus
70%
Commission
60%
Leverage
60%

Pros

  • Strict regulation
  • Multilingual support
  • Supports cryptocurrency and CFD trading
  • Wide range of trading platform
  • Demo Account
  • Good amount of Bonus

Cons

  • Only one standard account
  • Difficult withdrawal process
7.4

Average Score

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1 thought on “AvaTrade – Forex Broker review”

  1. John Honcharuk my account manager sortd my issue straight away after I had been messed around by others at AVA Trade. Top man thank you !

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