AvaTrade Broker Review

AvaTrade Broker review

4.8/5 rating

Losses can exceed deposit

No of Users

525,000+

Min. Deposit

Regulation

FCA,CMB,BaFin

Max Leverage

30:1

Spreads

EUR/USD

GBP/USD

USD/JPY

USD/CAD

AUD/USD

0.9

1.6

1.1

2

1.1

Spreads

EUR/USD : 0.9
GBP/USD : 1.6
USD/JPY: 1.1
USD/CAD : 2
AUD/USD : 1.1

Risk Warning: CFDs are leveraged products 73% of traders lose money when trading CFDs with XTB

Table of Content

Introduction to AvaTrade Markets

Avatrade was established in 2006 and is regulated and authorized by several financial regulatory bodies such as the Central Bank of Ireland, the Australian Securities and Investments Commission, the British Financial Conduct Authority, and the Japanese Financial Services Agency. Avatrade’s headquarters are based in Dublin, Ireland, where it initially opened as a platform for foreign exchange trading. Since its opening, Avatrade has accumulated over 400,000 customers from all over the world. It is a testament to their flexibility and customer-friendliness that they have managed to build such a large customer base in the past 14 years.

Established in 2006, Avatrade is a world-renowned broker that has been credited with propelling the online trading revolution. Boasting strength in CFDs and forex trading, Avatrade is regulated by the Central Bank of Ireland, Investment Industry Regulatory Organization of Canada (IIROC) and Australian Securities and Investments Commission (ASIC). Started by a diverse range of financial experts, With a massive selection of educational resources to meet every traders learning needs and low transaction costs, Avatrade continues to be a top choice for enthusiastic traders everywhere.

With the оvеrwhеlming numbеr оf Fоrеx brokers рорulаting thе Wеb, trаdеrѕ muѕt bе саrеful when ѕеlесting a Fоrеx brоkеr fоr their Forex trаding. AvaTrade hаѕ proven ti me аnd timе аgаin to bе a worthy соntеndеr for a top spot аmоng thе Wеb’ѕ leading Forex brоkеrѕ. AvаTrаdе is rеgulаtеd by thе Central Bank оf Irеlаnd (Rеfеrеnсе Nо: C53877) аnd also bу other wеll-knоwn regulators ѕuсh аѕ the Auѕtrаliаn Securities & Investments Commission (ASIC) аnd thе Finаnсiаl Sеrviсеѕ Commission (British Virgin Islands).

Risk Warning: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk as your capital is at risk

Spreads & Fees

A ‘Spread’ or otherwise known ‘Bid/Ask Spread’ is the measured difference between the buy and sell price quoted for any trading instrument: whether it be a Forex currency pair, Commodity (Crude Oil), precious metals (Gold), indicies, Stocks and Crypto (Bitcoin). It can be interpreted as the cost of trading charged by the broker to traders.

AvaTrade, along with majority of brokers charge a spread to their clients and that is the reason why majority of traders choose a broker with low spreads. Spread is reported in PIPs or known as basis points. Spreads can be calculated by spread value in pips × traded lot size.

The graphical illustration shows the comparison of how Avatrade’s spreads stacks against the combined average spreads of all other established brokers featured on ekzaga.

As you can see Avatrade’s forex spreads are fairly competitive versus its direct competitors especially highlighting that its fixed spread has always been in a consistent range. Avatrade won’t disappoint as their fixed spreads doesn’t fluctuate based on their historical data. If you’re thinking about scalping and placing multiple trades per day (Intense Intraday Trading) then this broker might not suitable for you.

Forex Spread is the difference between the buy and sell price of a currency pair. For example, if EUR/USD is trading at 1.1150/1.1151, then the spread is 1 pip. The eToro Forex spreads are different than the Forex industry average spreads because they are not based on commissions. When choosing a Forex broker, it is important to compare the different types of Forex spreads that they offer in order to find the best one for your trading needs.

Risk Warning: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk as your capital is at risk.

Spread vs Trader

	Avatrade	XTB	Plus-500
Overall Trust Score	A+	A+	A-
Years Established	16+	20+	14+
Regulatory Authority	ASiC,BVI,CBI,MiFID	FCA	Cysec,FCA
Why Choose?	Excellent For Beginners	Most Exponential Grown CFD Broker	Segregated Accounts
	Zero Commission Account	Over 525,000 Customers Trust XTB	Powerful And User-Friendly Trading App
	Listed - London Stock Exchange	5-Star Rating On Trust Pilot	Superior Customer Service

Trading Platforms

Avatrade offers a wide array of trading platform options, including mobile and web trading apps. A big draw of the Avatrade platform is how easy it is to use, making it great for beginner traders. With features like charting tools loaded with various indicators, drawing tools, and customizable options all available at the click of a button, Avatrade provides a powerful yet user-friendly experience. Mobile traders have access to a robust suite of analysis and order functions that are perfect for putting on trades while away from a desk, including in-depth risk management tools. Whether you’re interested in stocks, commodities, or currencies, Avatrade has something for everyone.

Avatrade offers a wide range of trading platforms to meet the needs of beginner and advanced traders alike. From mobile trading apps to web trading, Avatrade covers all the bases with highly secure and innovative platforms. Trading on Avatrade is fast and easy – even beginners or those with limited experience will find it simple to navigate an account and start trading quickly. Plus, Avatrade has some great charting tools for more advanced users, including various indicators and drawing tools that are designed to help identify trends in the market.

All in all, Avatrade provides a comprehensive selection of trading platforms that cater to traders at all levels – from novices looking for an easy-to-use platform to professionals looking for technical capabilities like analyzing charts and managing multiple positions at once.

Avatrade offers the popular MetaTrader 4/5 platforms as well as its own proprietary Webtrader platform. They also offer their unique award-winning AvatradeGO app making it easy to manage trades and positions on the go through multiple devices.

Platforms Offered

Accounts Types

	Standard
Min. Deposit	$0
Trading Instruments	✓FX ✓Metals ✓Stocks ✓Indices ✓Commodities
Commission	Zero
Platform	MT4/x Station
Base Currency	EUR, USD, GBP, HUF

Avatrade offers an impressive variety of account types, including standard and Islamic accounts. Standard accounts require no commission fees, but customers need to be aware that spreads are higher on this type of account than with most trading firms. This being said, however, Avatrade still provides extremely competitive spreads when compared to the market average. Islamic accounts offer swap-free trading conditions so Muslims can trade following religious rules and regulations. Fees on these accounts come in the form of a fixed commission, which is lower than most brokerage houses.

The difference between a standard and an Islamic account is that an Islamic account does not allow rollovers or any other kind of fee associated with overnight positions. Both kinds of accounts offer clients access to an extensive list of financial instruments from around the world, such as indices, commodities, stocks and currencies.

Avatrade is an international trading platform that offers a variety of account types for investors to choose from. Depending on the type of investment activities and trading strategies, each account type has different features that can be beneficial to the investor. For example, Avatrade’s standard account is designed for experienced traders seeking larger profits by leveraging larger volumes and higher risks; such as margin accounts. In contrast, Avatrade also offers an Islamic account which is religiously compliant in accordance with Sharia Law. Unlike the regular account, this type of account doesn’t include typical fees or interest which may have otherwise gone against religious beliefs. Depending on what you’re looking to get out of your investing experience, you can use either one of these accounts to achieve whatever outcome you’re aiming for

Account Types Offered

Deposit & Withdrawal

Deposit Methods

	Base Currency	Fees/Commission	Processing Time
Credit Cards
Visa	USD, EUR, GBP	zero	Instant
Mastercard	USD, EUR, GBP	zero	Instant
E-Wallets
Skrill	USD, EUR, GBP, HUF	zero	Instant
Neteller	USD	zero	Instant
Bankwire	USD, EUR, GBP, HUF	zero	Up to 7 working days

Withdrawal Methods

	Base Currency	Fees/Commission	Processing Time
Credit Cards
Visa	USD	$5	Within 2 Business Days
Mastercard	USD	$5	Within 2 Business Days
E-Wallets
Skrill	USD	$5	Within 2 Business Days
Bankwire	USD	$5	Within 2 Business Days

Avatrade offers a variety of convenient and secure ways to deposit funds on its trading platform. It is easy to open an Avatrade account as the process is simple, fast and well-guarded. Client funds are highly protected through encryption protocols and segregated accounts for maximum safety. Fund deposits generally take just a few minutes, so accounts can be funded almost instantly. Though most deposit methods incur no additional fees, there may be processing charges on certain means like debit or credit card withdrawals. The fastest method of depositing with Avatrade is eWallet transfer, available for customers across multiple jurisdictions. For withdrawal requests, Avatrade implements a comprehensive security protocol including identity validation to ensure that all clients’ funds and investments are kept safe throughout the process.

There are various options when it comes to withdrawing funds, including debit cards, bank transfers and eWallets such as Neteller and Skrill. Regardless of the method used, withdrawals usually take between 3-5 business days as they must undergo approval before payment can be issued.

Client Fund Protection

As AvaTrade does not have a FCA regulatory license, traders are not subject to a deposit protection scheme. However, AvaTrade has shown robustness over the years serving clients/traders for over 16+ years.

Deposit Methods

Unique Features

Avatrade is a leader in the online trading sphere and they offer their clients exclusive features that can’t be found anywhere else. Through Avatrade, traders have access to a range of markets including stocks, commodities, cryptocurrencies, and indices. Not only that, but they also benefit from powerful trading tools such as educational seminars, market analysis, and webinars to help users improve their trading skills. For those seeking even more protection against losses due to market fluctuations, there is AvaProtect – an insurance policy provided by Avatrade that helps you protect your investments. AvaProtect provides security by allowing clients to ‘insure’ their trades against losses, therefore, making it an excellent platform for novice traders who are just starting out. With all these cutting-edge features on offer, it’s no wonder that Avatrade has become one of the most trusted names in online trading.

Avatrade is an online trading platform that offers some unique features for its traders. For example, Avatrade provides a wide range of trading tools, such as their own in-house software, the MetaTrader 4 Platform and ZuluTrade. On top of that, they provide market analysis which helps traders to stay informed on potential moves and trends. Additionally, Avatrade also offers exclusive education options tailored to different trading levels, ranging from beginner to advanced so you can make the most efficient trades.

Customer Support

Avatrade’s customer service is highly beneficial for those that seek help. The customer support team is fast and reliable and is available from Monday to Friday from 7 am to 8 pm GMT+2 via email, telephone, and chatbot. Avatrade puts an emphasis on resolving customers’ complaints as quickly as possible, typically within 24 hours of receiving a query. For customers who are non-native English speakers, Avatrade also offers its website in 12 different languages besides English and provides multilingual support through its customer service team too. This makes it easy for customers all around the globe to get the help they need in their native language. As a result, many are impressed with the level of customer service that Avatrade provides and the speed at which queries are answered.

Avatrade is known for its impeccable customer service. They deal with customer complaints in a timely and efficient manner, prioritizing customer satisfaction. Their customer support team is available 24/5 and they guarantee responses to queries within 1-2 hours. For communication, they offer both email and live chat – customers can also contact them via telephone depending on the country they’re from. The Avatrade website is available in 8 different languages, including English, German, Chinese, Spanish and Portuguese; their customer service team supports over 13 languages.

Avatrade takes customer service very seriously, which is why they have a professional team available 24/7 to respond to any customer queries or complaints. The customer service team can be reached through telephone, email, live chat, and social media channels, with support in over 15 languages for customers from all over the world. Avatrade is committed to providing a fast and comprehensive response since any customer complication requires immediate attention. Moreover, all the necessary information about contact details is easily accessible on their website, with the added convenience of translatable content into multiple languages. Customers can rest assured that they will receive an effective resolution when they reach out to Avatrade’s helpful and informed staff.

Conclusion

Avatrade, we at ekzaga feel are a very good broker indeed. They are continually adding new innovative and dynamic features ensuring that they stay relevant. They have everything that a trader could ask for and cover all different aspects of the trading world. Avatrade offers fairly competitive spreads, and they offer fairly comprehensive educational videos and webinars. They have their own social trading platform, as well as ZuluTrade. They are well-regulated by a number of financial regulatory bodies across the world. Avatrade offers great service, clients depositing a $1000 are assigned a dedicated Account manager to assist you wherever and whenever you require it. Overall a broker who ticks many boxes. Important boxes that a client needs when choosing a broker. Choosing Avatrade as your broker wouldn’t be a mistake at all, a good choice indeed.

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