AvaTrade Review 2020

Avatrade is one of the international leading forex and CFD broker regulated in Australia, Canada, Ireland, and South Africa.

Our content provides useful information about this firm including its fees, deposit, withdrawals, regulations, software, services, and Avatrade review.

4.4/5

71% of retail CFD accounts lose money

Short Summary

Minimum Deposit

100 $

Assets

CFD, Forex, Crypto, Stocks, Options

Demo Account

Yes

Islamic Accounts

Yes

Caution: 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.

While trading with Avatrade, you should aware of its pros and cons

Pros
  • Fast account Opening
  • Excellent Research tools
  • Free Deposit and Withdrawals
  • Provide Education
  • Great Research Tools
  • Good Features for Social trading
Cons
  • Only CFD, Forex and Cryptos offered
  • MetaTrader5 is not available in all countries
  • Customer services need improvement
  • Inactivity fee

Introduction

71% of retail CFD accounts lose money

Year Founded

It was founded in 2006. Avatrade is working for a long time. So it is trustworthy to work with.

Owner and Team

Avatrade is the fruit of the mutual efforts of its owner and its hard-working team.

  • Emanuel Kronitz is the founder and CEO of this company. He has been managing successfully finance and consumer goods for more than twenty years.
  • Negev Nostakzi is the founder and also working as the Chief Marketing Officer.
  • Joshua Abramovitch is the president of this firm.
  • Ken Sandroffy is the Director of Marketing.

Headquarters

Avatrade has four headquarters

  • Australia,
  • The British Virgin Islands
  • Ireland
  • Japan

Choosing clients

Here are the names of countries accepted by Avatrade along with the not acceptable countries.

Acceptable Clients

Avatrade is an international and reputable forex broker but it accepts clients from Australia, British Virgin Islands, Canada, Denmark, France, Germany, Hong Kong, Italy, Kuwait, Norway, Qatar  Saudi Arabia, Singapore,  South Africa, Sweden, Thailand, United Kingdom, United Arab Emirates, and other countries.

Not Acceptable

Belgium, Iran, Iraq, India, Pakistan, the United States, and Zimbabwe are quite popular but not acceptable by Avatrade to work with.

Regulation

71% of retail CFD accounts lose money

While choosing a forex broker it is important to adopt the safety measures. And especially checking the registration of the company. Avatrade review shows proof of it. Being an international forex broker, Avatrade is heavily regulated with many regulatory bodies.

  • As it is based in Ireland, it is regulated by the Central Bank of Ireland. Its registration number isC53877. Its Legal Entity is AVA Trade EU Ltd in Ireland.
  • V.I Financial Services Commission on the British Virgin Islands.
  • Australian Securities and Investments Commission (ASIC). Its reg.no #406684
  • Financial Sector Conduct Authority (FSCA) in South Africa #45984.
  • Japanese Financial Services Agency (FSA) under license #16
  • Financial Futures Association of Japan (FFAJ) and reg. the number is 1572.
  • Abu Dhabi Global Market Authorities Financial Services Regulatory Authority (ADGM – FSRA)

Safety

Avatrade is reputable and ranked firm in the World. But some things should be kept in mind while checking the safety of Avatrade.

  • Mostly its clients belong to a top-tier financial authority.
  • It is not listed on the stock exchange.
  • Information regarding the finance of the company is not public.
  • It does not hold any banking license.
  • Avatrade gives Negative balance protection. This is the investment protection fund worth of €20,000. But this fund is only for the Europeans. Any client belongs to other parts of the World except Europe is not eligible for this fund.

Assets

Avatrade offers CFD, cryptocurrencies, and Options trading instruments.

Forex 

Including all majors, minors, and many exotics currency pairs Avatrade offers more than 50 pairs.

Cryptocurrency 

Traders can trade 9 different cryptocurrencies. Like Bitcoin, Ethereum, Ripple, and even Bitcoin Cash. But Cryptocurrencies are not available in Canada.

Indices, Bonds, Stocks, ETFs & Commodities are selective while trading with Avatrade.

This table might help you to understand the figure of the

Forex
56
Stock index CFDs
20
Stock CFDs
630
ETF CFDs
5
Commodity CFDs
17
Bond CFDs
2
Cryptos
17

Fees

71% of retail CFD accounts lose money

Avatrade has an average fee. It charges for trading and no- trading.

Trading Fee or Commission generally based on Spreads.

Avatrade offers Stocks, Forex, CFD, Includes, Currencies, and Cryptocurrencies. Its commission according to spreads and leverages are as described below.

Assets Spread Leverages Margin
Forex
Ranges from 0.9 pips to 600 pips.
400:1
0.25%
Stocks
Ranges from 0.13 pips mostly
10:1
10%
Commodities
Starts from 0.0001
Variable with Assets
1 % to 3 %
Cryptocurrencies
0.6 pips
20:1
4 % to 20 %
EFT
0.13 pips
20:1
5.00 %
Incides
From 0.50 pips to 3.00 pips
100:1 and also varies
 0.01% to 10%

Avatrade mostly doesn’t charge a lot of fees. Then comes the Non- Trading Fee. Avatrade does not have any kind of hidden charges or any fee on deposit and withdrawals. However, for inactive traders, Avatrade might cause some issues. Because this firm charges you in case of inactivity. If you are not trading for three months consistently then you have to pay 30 $. Inactivity for 12 consecutive months can make you pay 100 $ for being inactive.

Account Opening

71% of retail CFD accounts lose money

Opening an account in Avatrade is very easy and digital.

It takes almost 4 hours to open the account and start trading. The minimum deposit required for opening an account in Avatrade is 100 $.

The following things are required to open the account along with your amount.

  • Personal Information
  • You have to verify your identity. It can be attested when uploading a copy of your ID card, driving license, or passport. And for the verification of your residential address, you can provide your recent utility bill or any bank statement.
  • A set of questions to check your knowledge about forex trading.

A demo account will also be offered to you if you want to learn skills before trading.

Types of Accounts

71% of retail CFD accounts lose money

Avatrade offers different accounts according to the ease of the customer.

Standard Account

A standard account can be open for only 100 $. Any individual is free to own this account.

Corporate Account

These accounts can only be run if you have a legal entity.  It requires about 500 $ of bank transfers.

Muslim Account

Avatrade takes care of Muslim laws for trading. That’s why they offer Muslim Accounts for the Muslim Community. By providing them the Halal, Sharai, and interest-free trading. These accounts are swap-free and you don’t get charged for swaps.

For professional traders, Avatrade offers Multi-Account Manager. These accounts are also known as MAM accounts. This type of account allows fund managers to manage multiple accounts from a single account without having to create an investment fund. But it requires an experience of 12 months in the financial sector and an attractive portfolio.

Deposits & Withdrawals

71% of retail CFD accounts lose money

You need only 100 $ as an initial deposit to trade with Avatrade. This firm has a lot of options to deposit money. Traders can deposit their funds by

  • Credit cards ( Debit, MasterCard, Visa ),
  • Bank Wires
  • Electronic Wallets like Paypal, Skrill, NETELLER, and  POLi for Australian residents.

For withdrawals, you can use the same services used for deposits. Withdrawal is always slow as compared to deposit that takes up to 5 business days to process. However, by using the Ava Debit Mastercard, you can make fast withdrawals. Traders can apply for this card after signing up for an account. You just need to follow these steps.

  • Log into your AvaTrade account
  • Go to the Withdraw Funds option.
  • Choose your withdrawal method
  • Enter your desired amount

Trading Platform

71% of retail CFD accounts lose money

Avatrade allows you to trade with diverse software.

Web Trading platform

Their trading platforms are

  • Webtrader is also designed by AvaTrade
  • MetaTrader 4, a third-party trading platform
  • MetaTrader 5, a third-party trading platform

However, MT5 is used only in specific countries.

But most people use MT4 and WebTrader. Let’s check out their features.

Web Trader Meta Trader 4
User friendly
User friendly and well designed
You cannot customize bars and tabs
You can customize according to your ease
One-step login
One-step login
Most popular languages
A large variety of languages even native languages also
Functions for searching are very well
Search Functions are not so good
It is updated
Sometimes it went outdated
You can't set price alerts and notifications
On the web version, you are unable to set price alerts
While placing an order you can also use the feature of Good 'til time (GTT
You can use Good 'til canceled (GTC) and Good 'til time (GTT)
It keeps a history of fee, trading, and swaps also
It also maintains the only history of trading and fee.

Mobile Trading platform

AvaTrade GO is the own trading platform of AvaTrade

AvaOptions is also the own mobile trading platform of Avatrade to deal with forex options.

AvaTrade Go

Have a look at the facts of AvaTradeGo

  • It is user-friendly and easy to use
  • No two-step (safer) login
  • It is well designed and customized.
  • There are also order time limits you can use:
  1. Good ’til canceled (GTC)
  2. Good ’til time (GTT)
  • Search functions are good
  • One-step login
  • Also allows fingerprint login
  • Unlike MT4 and MT5, you can set alerts and notifications.
  • Available on iOS and Android.
  • Only in English
  • It also provides educational videos

AvaProtect order type by which you pay a small fee to protect your account and trades from losses. If you have any losses, AvaTrade will compensate for that amount.

Desktop Trading platform

MetaTrader4 is available for desktop trading platform

It has good customizability that is good to see the charts clearly

  • You can set price alerts and notifications by providing your MetaQuotes ID which is easily available when you go to your settings.

Research

71% of retail CFD accounts lose money

Avatrade review might be good due to its research qualities.

  • If you WebTrader that is the own trading platform of Avatrade you will find some of the following facts.
  • Avatrade gives you unique Trading ideas.
  • By using Avatrade economic Calendar, you can seek assistance by learning fundamentals.
  • Its charting tool is awesome.
  • Fundamental data on Stocks is missing.
  • The news present in it is really helpful.

Social Trading

71% of retail CFD accounts lose money

AvaTrade offers social trading.

  • The initial deposit for using ZuluTrade is $500.
  • For DupliTrade it is $2,000 to start.

This software allows you to watch and copy trades of other traders.

Automated Trading

For automated trading, this software is allowed by Avatrade

  • RoboX
  • Mirror Trader
  • MQL5 Signal Service
  • API Trading

Day Trading Tools

  • They educate you through various videos and webinars.
  • A wide range of assets to trade
  • Trading tools are incredible and helpful
  • A free course regarding forex trading.

Education

71% of retail CFD accounts lose money

Avatrade provides education in different ways. You can learn forex trading by

  • Using the Demo account
  • Webinars
  • Tutorial Videos
  • Articles by Avatrade

SharpTrader

SharpTrader is an educational tool that includes more than 35 educational units. Almost 200 video tutorials and articles that are easy to understand. You can access Sharptrader via Avatrade.

Promos

Avatrade often offers different promos according to the countries.

Customer Services

71% of retail CFD accounts lose money

Avatrade is currently working in 2 African countries, 6 Asian Countries, 4 countries of South America, and 21 countries in Europe. It is also working in Australia with a country in the Middle East.

  • Avatrade has good customer services.
  • It has a great live chat that provides services in many languages.
  • You can contact them by phone, email, and via live chat.
  • They are very responsive to their queries.
  • But their phone service is not very responsive. And being an international forex broker it should maintain a 24/7 customer care service but they are failed to do so.

Avatrade review

71% of retail CFD accounts lose money

This firm is a reputable and highly ranked broker. Avatrade review can be checked by asking your web for the most popular and best brokers. However, it has some drawbacks to work with it. But overall it is excellent especially for beginners due to its educational forums and tools.

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