Avatrade Review

AvaTrade (go to site) is one of the most well-known CFD brokers on the internet, and it was one of the first to offer online trading (over 14 years of experience). It has a unique feature: the platform’s parent company, the same-named company, is based in Ireland.

How would you describe AvaTrade? What are the opinions of the users? The service is entirely based on CFDs (such as Plus500), but it also includes a form of copy trading that is similar to that of eToro.

AvaTrade appears to be the ideal broker because it combines two of the best platforms. Is it, however, safe to trade on AvaTrade? Above all, what do users have to say?

Before you sign up, read our comprehensive AvaTrade review to learn more about how it works, the costs, the tools available, and investor feedback.

Avatrade Review

What is AvaTrade (AvaFX)?

AvaTrade (or AvaFX) is an international Irish broker founded in 2006. It has around 200,000 registered traders and operates in many countries around the world. This explains why it has offices and regulations on every continent.

Is AvaTrade a Scam or a Safe Site?

To avoid becoming a victim of a scam, check to see if the investment firm is authorized to offer its services before forming an opinion on them.

Is AvaTrade reliable or should you look elsewhere?

On paper, AvaTrade appears to be one of the most tightly regulated (and thus potentially safer) online brokers. The broker currently has 7 authorizations and is regulated in 6 countries:

  • Central Bank of Ireland (Ireland)
  • Financial Services Commission (British Virgin Islands)
  • FFAJ and FSA (Japan)
  • ASIC (Australia)
  • FSCA (South Africa)

Abu Dhabi Global Market (United Arab Emirates).AvaTrade operates in Europe thanks to the Central Bank of Ireland’s approval, which effectively ensures the broker’s safety.

The AvaTrade trading platform provides a diverse range of financial products, all of which are available as CFDs (contracts for difference, leveraged derivatives).

AvaTrade falls into the category of market maker brokers, which are firms that act as a middleman between the market and the trader, paying no commissions to the client but imposing their own spreads.

There are also notable sponsorships, such as a partnership with the Manchester City football team, as well as positive user feedback (read on to find out).

The AvaTrade Trading Platform

The AvaTrade trading account is unique in that it is extremely adaptable. In practice, opening an account with this broker allows you to trade on a variety of platforms:

  • WebTrader
  • MetaTrader 4
  • MetaTrader 5
  • desktop platform optimized for Mac
  • AvaTradeGo
  • AvaOptions
  • mobile app
  • auto trading software

The platforms provided by the AvaTrade broker are a good mix of professional and user-friendly. From the most basic (web environment) to the most complex, each type of trader can find their own customized solution (MetaTrader).

It is also possible to use the AvaTrade account with the DupliTrade and ZuluTrade platforms, which are designed for those who want to automate their investment activity, for those who want to try an automatic copy trading experience.

AvaTrade Trading Platform

AvaTrade Demo Platform

One of the most important services provided by AvaTrade to begin investing online is the demo account.

In just a few clicks, you can register for free on the online platform and receive 100,000 virtual euros to use in a series of AvaTrade simulations.

This way, you can try out the AvaTrade broker’s trading environment, look over the instruments on offer, and learn how to invest safely and without losing money.

AvaTrade Demo

AvaTrade Costs and Commissions

AvaTrade does not charge commissions on CFD trading because it is a market maker broker. It can, however, control the spreads’ value, which is the difference between the derivative’s purchase and sale price and the underlying instrument’s purchase and sale price.

Furthermore, AvaTrade requires the payment of dry fees or percentages in other situations that it is important to be aware of in order to avoid unpleasant surprises. The following table summarizes the costs incurred by AvaTrade:

 

Activities AvaTrade fees and commissions
Currency conversion Free (in euros, dollars and 4 other currencies)
Deposit fees Free (any fees provided by the bank apply)
Fees on withdrawals Free
Avaprotect Variables
Spread overnight Variables
Inactivity fee 50 euros every 3 months of inactivity
Trading spreads Variables

 

Let’s take a closer look at the circumstances. AvaTrade offers accounts in euros, dollars, and four other currencies, so there are no currency conversion fees for accounts in euros.

The AvaTrade broker does not charge fees or commissions on money sent or withdrawn from the account. However, depending on the method of deposit, your bank’s economic conditions will still apply.

We’ve arrived at AvaTrade spreads, which are the real-time costs for traders. Because the platform is a market maker, it uses different spreads depending on the type of investment.

AvaTrade, for example, applies an overnight spread to the investment by keeping the position open overnight. There is a cost surcharge if you want to use Avaprotect coverage on new positions (on certain assets only).

Finally, the trading spread differs from one instrument to the next. To give you an idea, here are the ones used by AvaTrade on the most commonly traded assets on a daily basis:

  • US shares (Amazon, Tesla, Apple): 0.13%
  • S&P 500 index : 0.25%
  • Gold: 0.34 pips
  • EUR / USD exchange rate : 0.9 pips
  • Bitcoin: 0.35%

Finally, keep in mind that if your AvaTrade account is inactive for more than 90 days, you will be charged a trader inactivity fee of $ 50.

Bitcoin and Cryptocurrencies at AvaTrade

Cryptocurrencies are also given a lot of weight among AvaTrade’s assets. In fact, the platform allows users to trade the underlying CFDs to speculate on the price of cryptocurrencies on the stock exchange (without actually buying digital currency).

Trading CFDs on AvaTrade allows you to buy and sell the most popular cryptocurrencies in circulation, including:

  • Bitcoin (BTC)
  • Bitcoin Cash
  • Ethereum (ETH)
  • Ripple (XRP)
  • EOS
  • Dash (DASH)
  • Bitcoin Gold
  • Litecoin (LTC)

AvaTrade Deposits and Withdrawals

A $100 initial deposit is required to begin trading with AvaTrade. We didn’t have any problems depositing or withdrawing money.

In addition to accepting credit card deposits right away, the broker also accepts bank transfers and deposits via:

  • PayPal
  • Moneybookers
  • WebMoney
  • Netelle

Clients can withdraw funds from AvaTrade’s ” Ava Debit Card ” feature (offered by Payoneer) without having to wait for the traditional withdrawal timeline, which typically ranges from 3 to 5 business days.

AvaTrade Deposits and Withdrawals

Customer Service

Many brokers underestimate this aspect, which turns out to be extremely important both professionally and technically. Good assistance means fewer refund requests and more benefits for traders.

Customer service at AvaTrade reflects this philosophy by providing support in 15 languages worldwide. There is also the option of receiving assistance via direct chat or email.

Opinions on AvaTrade

AvaTrade is one of the best brokers in the industry because of the platform’s capabilities, tradable assets, free training, automated trading, and account flexibility.

AvaTrade is one of the most interesting options for those looking for a CFD broker to invest in alternative markets to the traditional eToro or Plus500. This is supported by the opinions and reviews of online users, who praise the platform’s high quality.

On Trustpilot, for example, AvaTrade collected 4.5 / 5 stars out of a total of over 6,029 reviews.

Avatrade trustpilot

Conclusion

AvaTrade is monitored by more than 6 supervisory authorities around the world, indicating that it is not a scam broker.

The broker has one of the most extensive experience in the industry, and it has been able to renew itself over time by maintaining a comprehensive and diverse trading offering.

You can open a demo account and test the platform’s potential without obligation if you want to try AvaTrade and give your personal opinion to the broker.

You can open a demo account and test the platform’s potential without obligation if you want to try AvaTrade and give your personal opinion to the broker.

AvaTrade – Frequently Asked Questions

How does AvaTrade work?

AvaTrade is a market maker broker that allows you to trade CFDs on major financial markets quickly and easily. If you are having trouble investing on your own, you can open a demo account to put it to the test, receive free training, or use automatic trading (copy trading). Learn how to do it.

Is it safe to trade with AvaTrade?

Yes. It is regulated by 6 international supervisory authorities.

What are the reviews on AvaTrade?

On Trustpilot, AvaTrade has thousands of positive reviews with an average rating of over 4/5 stars. Find out why it has been rewarded by so many traders.

Avatrade Logo

Min $100 Deposit

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