AvaTrade

AvaTrade Review

Because of its excellent reputation in the trade industry, high standards, and multilingual customer service, AvaTrade is one of the world’s top brokers. The brokerage offers a wide variety of quality trading platforms, and it continues to excite both new and current customers with its attractive variety of promotions.

AvaTrade, founded in 2006, is known as one of the leading online forex brokers today. It has more than 1.5 million trades executed per month. AvaTrade has a proprietary trading platform that’s built around the user in an effort to provide the ultimate online trading experience.

Tradeable Assets

At AvaTrade, traders have access to a range of tradable assets, including FX pairs, cryptocurrencies, stocks, indices, commodities, and ETFs.

AvaTrade offers a total of 48 tradable assets. Although its list is a bit short compared to what other brokers offer, Ava’s biggest advantage over their competitors is that they’re one of a few brokers that allow trading of Cryptocurrencies like Bitcoin and Litecoin at up to 20:1 leverage with a €6 spread under normal conditions.

Account Types

To make matters simple, traders have the option of two types of trading accounts – a standard trading account and a demo trading account.

AvaTrade Standard Account

When opening a standard trading account, there’s a minimum deposit requirement. Depending on the currency of the trading account, the minimum deposit requirements are:

Credit Cards

• $100
• €100
• £100
• AUD $100

Wire Transfer

• $500
• €500
• £500
• AUD $500

Take note: There are swap free accounts also available for Muslim traders who want to trade the markets in line with Sharia principles.

AvaTrade MAM Accounts

For those professional traders who manage several trading accounts for their clients, there’s also the Multi-Account Manager (MAM) account. The MAM account has the following features:

• Ability for creating multiple sub trading groups
• All MT4 order types are available, like stops, limits and close
• Minimum lot at 0.01 lots
• Expert Advisors (EAs) compatible
• Multiple allocation parameters
• Trade order placements from a master account
• Order placements for unlimited client accounts

Additionally, with the MAM system traders can access all the information and separate client accounts to manage their clients’ accounts effectively.

Mobile Trading

At AvaTrade, you can get all the tools you need for trading on the move with their mobile trading apps for Android and iPhone.

• Free download
• Choose from MetaTrader4 and AvaTradeAct apps
• Trade over 200 Forex and CFD instruments on your phone
• Open an AvaTrade account and get a bonus of up to $10,000

Regulation

The Central Bank of Ireland (Reference No: C53877) regulates AvaTrade, as well as other well-known regulators such as the Financial Services Commission (British Virgin Islands) and the Australian Securities & Investments Commission (ASIC). The brokerage is especially tightly regulated in Japan by several agencies having oversight on its operations in Japan simultaneously. No matter if a trader is a beginner or an experienced trader, AvaTrade will be able to meet all their trading requirements.

Platforms

Ava features a selection of trading platforms. Their trading platforms include the popular MetaTrader4, in addition to their very own downloadable platform called AvaTrader. AvaTrader features advanced charting and multiple live news feeds. The MT4 is known to be a standard in this industry, and it’s very flexible for beginner traders. Also, they offer Webtrader, Mobile and an automated trading system,  including ZuluTrade and MirrorTrader.

Promotions

AvaTrade has a new accounts promotion that’s available for traders. Furthermore, for every successful referral that a trader makes (refer a friend), they’ll receive bonuses, in the range of $75 to $400. However, the withdrawals of the bonuses awarded are subject to several terms and conditions.

Deposits Options

AvaTrade offers multiple deposit options, such as debit Mastercard, Skrill, Neteller, bank transfer, Webmoney, PayPal, and Western Union. All traders can sign up no matter what type of payment option they require.

Withdrawal Methods

Withdrawals take a total of 5 business days to process. It takes 1 to 2 business days for verifying the submitted withdrawal form before they begin processing the transfer of funds. Moreover, the speed of the withdrawal process is well above the industry standards. Clients can withdraw their earnings via Bank wire, Moneybookers, PayPal, Neteller, and Moneygram.

Customer Support

If you have questions about how the site works or experience technical difficulties, AvaTrade will give you extensive customer support. This support network includes email, live chat, and 30 local phone numbers in various countries, and AvaTrade’s customer service team is available 24/5.

Languages

AvaTrade caters to a wide global community, offering its platform and services in Arabic, Dutch, Chinese, English, German, French, Italian, Portuguese, Japanese, Spanish, and Russian.

Address

Ava Financial Ltd Euro-American Trust Building
POB 3161 Road Town, Tortola BVI

Ease of Use

AvaTrade provides its traders with learning tools to help them navigate the foreign exchange system. It also offers live market news and indicators of the international economy to aid its clients in making informed decisions.

Why Trade at AvaTrade

In comparison with other internet brokers, AvaTrade has one of the most ambitious spreads. The brokerage guarantees its clients complete transparency, and its customer support team is award-winning.

AvaTrade stands out in more than one respect from the other brokers in the industry with recognition through their numerous awards and their longevity of more 10 years in the industry. If a trader places safety above everything else, AvaTrade is a regulated and authorized broker. It operates as a part of an international financial group with market capitalisation, making it, clearly, an outstanding choice.

Thanks to their incredible manual and automated trading solutions, AvaTrade is an unusually well-suited option for professionals that are advanced and sophisticated. However, even beginner traders will be pleased with the customer support staff that is both friendly and accessible, the broker’s  easy-to-grasp and intuitive interface and relatively small initial deposit requirement. Any prospective trader will find the unique flexibility that distinguishes AvaTrade from its competitors impressive.

To see how AvaTrade ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.