AvaTrade is a leading international forex broker and member of the AVA Group. Founded in 2006, AvaTrade is one of the oldest online brokers. Our review details trading platforms, mobile apps, deposit methods and MT4 integration. We also compare transaction costs, spreads and leverage. From Bitcoin to vanilla options, whatever you want to trade, see if Avatrade is right for you. The company currently has four offices around the world, located in Japan, Australia, Ireland and the British Virgin Islands. As one of the largest and most respected online brokers in the world, AvaTrade accepts clients from a large range of regions and accepts trading accounts in multiple currencies. The company also recently announced a major partnership with English Premier League champions Manchester City, highlighting the growth and vision of the brands.
Regulations & reputation
Choosing a forex broker that is regulated by a reputable regulatory body is of the utmost importance, as regulatory status helps ensure the credibility and competence of the company. AvaTrade is definitely a reputable company, regulated by a number of authorities from all over the world.
- In Europe, the broker is regulated by the Central Bank of Ireland under license #C53877.
- In Australia, the broker is licensed by ASIC under license #406684.
- In Japan, the broker is licensed by the FSA under license #1662 and FFA under license #1574.
- In South Africa, the broker is licensed by the FSB under license #45984.
AvaTrade is one of the best online brokers in the industry in terms of reputation and reliability, and you can trade with confidence. The company has won many awards for “ Best Customer Support ”, “Best Alert System ”, “Best Financial Derivatives Trading Offer ”, and “Best Forex Broker YEAR ” Company The company has also now opened up its market in Canada through a partnership with Friedberg Direct. Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Investor Protection Fund of Canada (CIPF) and most Canadian exchanges. Friedberg Mercantile Group Ltd. headquartered at 181 Bay St., Suite 250, Toronto, ON M5J 2T3, Canada.
Types of exchanges available
One of the most impressive aspects of AvaTrade is the number of brokers available to traders. There’s literally everyone here, whether you’re a beginner, seasoned trading veteran or something else. The following platforms offered by AvaTrade are:
- MetaTrader 4 Platform
- MetaTrader 5 Platform
- Meta Trader for Mac
- Meta Trader for mobile trading (Download app Avatrade directly here )
- Meta Trader for Web Trading
- AvaTradeAct Platform (Proprietary Platform)
In addition to these platforms, AvaTrade also has various automated trading platforms to suit everyone’s needs. The following is:
- RoboX
- Mirror’s Mirror
- MQL5 Signaling Service
- Transaction API
- Duplrade
Trading account provided
AvaTrade keeps things simple with their accounts by offering only two account types to most traders. One standard account and one demo account. Standard accounts can be opened for as little as $100 by credit card or $500 via bank transfer. In addition to the two standard accounts, Muslim traders are supported by offering a ‘free account exchange’ that operates according to the Islamic Sharia Principles of interest-free trading. At the same time, professional traders can open MAM accounts to easily manage several accounts for their clients. These account types include the following features:
- Possibility to create multiple subgroups of transactions
- All MT4 order types like stop, limit and close are available
- Compatible Expert Advisors (EAs)
- Minimal lot 0.01 lot
- Multiple allocation parameters
- Location for unlimited client accounts
- Trading order position from main account
Bonus & Promotion
Bonuses may be available depending on geographical location; Please contact AvaTrade for more information.
Tools & Property
AvaTrade excels once again in providing traders with a wide range of financial trading tools. Investors are free to trade:
- Forex – More than 50 currency pairs available, including all majors, minors and many exceptions available 24 hours a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips and leverage up to 400:1.
- Cryptocurrencies – (Not available in Canada) – Traders can trade 9 different cryptocurrencies with leverage up to 20:1. These currently include Ripple, Ethereum, Bitcoin and Bitcoin cash.
- Indices, bonds, stocks, ETFs & Commodities – AvaTrade traders enjoy the highest leverage with very low spreads and are competitive to trade these financial assets.
- Options – Avatrade has made trading options accessible to traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a wide range of opportunities for those curious about using the product.
Customer Support
AvaTrade offers excellent customer support through several multilingual options. Options include live chat, email, FAQ page, social media, fax, and by phone. Phone support is available in several languages and countries worldwide, including 21 different countries across Europe, 2 countries in Africa, 6 countries across Asia, 4 countries countries throughout South America, 2 countries in the Middle East and Australia. Support is provided quickly and informatively from local customer support representatives. A recent partnership in Canada, for example, allows customers to access local Friedberg Direct customer services.
Deposit & withdraw money
Deposits – AvaTrade offers their clients a wide range of deposit options. Merchants can fund their accounts using credit cards (VISA, MasterCard, debit), Bank Transfer and various forms of E-Wallets such as Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit to open an account is just $100. Withdrawals – Traders can withdraw their funds through the same methods used for deposits. Withdrawal requests will take up to 5 business days to process. Once processed, withdrawals will be completed as soon as the methods that allow them are completed. The fastest withdrawal method is using the Ava Debit Mastercard, which traders can sign up for once upon registration of an account.
AvaTrade Day Trader
Education – AvaTrade has a special education center. It might be the best we’ve ever seen, complete with videos, eBooks, tutorials, glossaries, and more. There is an entire section on their website dedicated to educating their traders. At the same time, the entire site is generally very informative for day traders. Trading Tools – AvaTrade has a lot of features dedicated to successful day traders. One of their most impressive features is their special automated trading software package for day trading. Asset Range – There is a wide range of assets to choose from, which makes this broker great for beginner traders or seasoned veterans. Free Trading Training Course – The recent partnership push with Manchester City Football Club includes a number of free trading courses. Specific details can be found here: MCFC Online Trading Course
Avatrade spreads
Examples of variable spreads at AvaTrade;
Spreads are competitive at Avatrade and they are constantly working to reduce them further. In the crypto market alone, the company has made great strides. Recently, spreads on crypto trades were cut by 50% – but an announcement revealed that they have been cut by another third. As brokers gain confidence in the liquidity of the market, they can be more brave with arbitrage.
Accepted countries
Avatrade accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders cannot use Avatrade from USA, Belgium, Zimbabwe, Iran, Iraq, India, Pakistan.
Frequently Asked Questions
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