AvaTrade Review 2023: Pros, Cons, and Key Features for Traders

AvaTrade is a reputable and well-known online brokerage firm that has been providing top-notch trading services since 2006. With over 15 years of experience in the industry, the broker has built a reputation for innovation, transparency, and excellent customer support.

One of the main reasons why Avatrade is a popular choice among traders is its diverse range of trading instruments. This provides ample opportunities for traders to diversify their portfolios and take advantage of market opportunities across various asset classes.

In this Avatrade review 2023, we’ll explore the broker’s range of trading instruments, trading platforms, and customer support to help you determine whether it’s a broker that aligns with your trading goals.

AvaTrade At A Glance

Here’s a brief overview of AvaTrade:

Founded in 2006 in Dublin, Ireland
Holder of multiple regulatory licenses, including the Central Bank of Ireland, ASIC, FSC, and FSB
Offers to trade in forex, commodities, stocks, indices, and cryptocurrencies
All major trading platforms supported, including MetaTrader 4, MetaTrader 5, and AvaTradeGO
Educational resources for beginners
A free demo account for traders to practice and test strategies
Reputable and multi-award-winning broker in the industry.

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Why AvaTrade?

There are several reasons why a trader should choose AvaTrade:

Multi-regulation: AvaTrade is regulated by multiple financial authorities worldwide, which helps ensure the safety and security of traders’ funds.
Wide Array Of Trading Instruments: It offers a wide range of trading instruments, including over 50 forex pairs, commodities, stocks, indices, and cryptocurrencies.
Advanced Trading Platforms: The broker offers multiple trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as its proprietary platform, AvaTrade GO.
High-Quality Educational Resources: The broker provides various educational resources, such as trading guides, webinars, and video tutorials, to help traders of all levels improve their trading skills.
A Free Demo Account: AvaTrade demo account allows traders to practice trading strategies and test the broker’s trading platforms without risking real money.

Overall, based on our analysis for AvaTrade Review 2023, it can be considered the best CFD broker offering a reliable and comprehensive trading experience.

Is AvaTrade Scam or Legit?

Based on our research and analysis of AvaTrade Review 2023, we conclude it is a legit broker regulated by multiple financial authorities worldwide, including the Central Bank of Ireland (No.C53877), ASIC (No.406684), FSC (FSCA No.45984), FFAJ (License No.: 1574), FRSA (No.190018), CySEC (No. 347/17), ISA (No. 514666577) and FSB (License No.: 1662).

The broker has been in operation since 2006 and has a large and diverse client base. Overall, no evidence indicates AvaTrade is a scam.

Unique Features Of AvaTrade

One unique feature of AvaTrade is its AvaProtect feature. This innovative risk management tool allows traders to protect their trades from potential losses for a defined period.

With AvaProtect, traders can purchase protection for their trades by paying a small fee, which is calculated based on the potential risk of the trade. In addition, the broker will reimburse the trader for the losses up to the protected amount if the trade ends up in a loss during the protected period.

Another unique feature of the brokerage is its proprietary trading platform, AvaTrade GO. This platform is designed to provide traders with a seamless and intuitive trading experience with advanced charting tools, technical analysis indicators, and market analysis features.

In addition, AvaTrade’s own API trading solution allows traders to create and execute automated trading strategies based on predefined criteria, such as technical indicators or market events.

This can help traders to save time and reduce the risk of emotional trading decisions. Our detailed findings from AvaTrade Review indicate the broker’s unique offerings make it stand out from other online brokers.

What Are The Different Accounts In AvaTrade?

The broker offers multiple account types to cater to the needs of different traders. Here are the account types that you can open:

Retail Account: This is the standard account type for most traders, which requires a minimum deposit of $100 and offers competitive spreads, leverage up to 1:400, and access to a wide range of trading instruments.
Professional Account: This type is designed for experienced and professional traders meeting specific eligibility criteria. It offers higher leverage, lower margins, and access to exclusive trading conditions.
Demo Account: The broker offers a free demo account that allows traders to practice trading strategies and test the broker’s trading platforms without risking real money. The demo account is preloaded with virtual funds and is a great way to get familiar with trading before opening a real account.
Islamic Account: AvaTrade Islamic accounts, also known as swap-free accounts, are designed to comply with Islamic Shariah law. These accounts do not accrue or pay interest on overnight positions and are available to traders of the Muslim faith.

Based on our account analysis report of AvaTrade Review 2023, the broker offers a range of account types to suit the needs of different traders, whether you are a beginner or an experienced professional.

How To Open AvaTrade Real Account?

Opening an account with AvaTrade is a straightforward process. Here are the steps to follow:

Go to the broker’s website (www.avatrade.com) and click on the “Register” button in the top right corner of the homepage.
Fill in the registration form with your personal information, including your name, email address, phone number, and country of residence.
Choose the account type you want to open (Retail, Professional, Islamic, or Demo) and select the base currency for your account.
Provide additional information, such as your date of birth, employment status, and trading experience.
Upload the required documents to verify your identity and address, such as a government-issued ID and a utility bill.
Agree to the terms and conditions and submit your application.
Once your application is approved, you can fund your account and start trading.

Note that the verification process may take a few business days to complete, depending on the volume of applications the broker receives. Also, carefully read and understand the terms and conditions of the broker before opening an account.

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How To Deposit Funds In AvaTrade?

The broker offers a variety of deposit methods to make it easy for traders to fund their accounts. Here’s how traders can deposit funds into their accounts:

Sign in to your account using the AvaTrade login credentials and click on the “Deposit Funds” button in the top right corner of the screen.
Choose the preferred deposit method, such as bank wire transfer, credit/debit card, or e-wallet.
Enter the deposit amount and select the currency you want for your account.
Follow the instructions provided by the deposit method you selected. For example, if you choose to deposit by credit/debit card, you must enter your card details, including the card number, expiry date, and CVV code.
Confirm the deposit and wait for the funds to be credited to your account. The processing time for deposits can vary depending on the deposit method used.

How To Withdraw Money From AvaTrade?

The AvaTrade withdrawal conditions seem trader-centric, as per our AvaTrade review 2023.

Meanwhile, below we have listed a step-by-step process for withdrawing funds from your account:

Log in to your account and click the “Withdraw Funds” button in the top right corner of the screen.
Select your preferred withdrawal method, such as bank wire transfer, credit/debit card, or e-wallet.
Enter the amount you wish to withdraw and select the currency you want to use.
Follow the instructions provided by the withdrawal method you selected. For example, if you withdraw by bank wire transfer, you must provide your bank details, including the bank account number and SWIFT code.
Confirm the withdrawal and wait for the funds to be processed. The processing time for withdrawals can vary depending on the withdrawal method used.

AvaTrade Deposit & Withdrawal Methods

The broker offers various deposit and withdrawal methods to its clients, including:

Deposit Methods:

Credit/Debit Cards (Visa, Mastercard)
Bank Transfer
Electronic Wallets (PayPal, Skrill, Neteller, WebMoney, etc.)
Local Payment Methods (depending on the region)

Withdrawal Methods:

Credit/Debit Cards (Visa, Mastercard)
Bank Transfer
Electronic Wallets (PayPal, Skrill, Neteller, WebMoney, etc.)

As per our AvaTrade Review 2023, it is important to note that withdrawal methods may vary depending on the region and the client’s regulatory jurisdiction.

Additionally, some withdrawal methods may have certain fees associated with them, which traders should review before selecting a method.

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Does AvaTrade Have Fees?

The broker charges specific fees & commission charges that are classified into trading and non-trading fees.

Here’s a detailed AvaTrade fee structure:

Spreads: The broker charges variable spreads on most trading instruments, which vary depending on market conditions and liquidity and can be as low as 0.6 pips for major currency pairs.
SWAP Fees: The platform charges overnight financing fees for positions held overnight. The charges are calculated on various factors.
Inactivity Fee: AvaTrade charges an inactivity fee of $50 per quarter if no trades or deposits are made in the account for three consecutive months.
Deposits and Withdrawals: The broker does not charge any deposit or withdrawal fees for most deposit methods. However, some third-party payment providers may charge fees for their services.
Trading Commissions: AvaTrade charges commissions for specific financial instruments, such as CFDs on stocks and ETFs, ranging from $0.02 to $0.1 per share.

As per our detailed AvaTrade Review 2023, the broker’s fees are comparatively lower than other online trading platforms.

AvaTrade Leverage & Margin Requirements

The broker offers leverage and margin trading to its clients, allowing them to trade financial instruments with a higher trading volume than the amount they have deposited.

Here are some general guidelines for leverage and margin trading:

Leverage: AvaTrade offers leverage of up to 1:400 for forex trading, up to 1:200 for commodities, up to 1:100 for indices, and up to 1:20 for stocks.

Margin Requirements: The margin requirement for forex trading is typically 3.33%, meaning that traders need at least 3.33% of the total value of the trade in their account to open the position.

What Financial Instruments Are In AvaTrade?

The broker offers a diverse range of financial instruments for trading, including:

Forex: It offers a range of currency pairs, including majors, minors, and exotics.
Stocks: CFDs on a wide range of global stocks, including Apple, Amazon, Facebook, and Tesla, are available.
Indices: The broker offers CFDs on a variety of global indices, such as the S&P 500, NASDAQ, and FTSE 100.
Commodities: These include a range of commodities, such as gold, silver, oil, and natural gas.
Cryptocurrencies: The broker offers CFDs on popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin.
Bonds: Avatrade offers CFDs on a range of global bonds, such as US Treasury bonds and UK gilts.
ETFs: The platform offers CFDs on exchange-traded funds (ETFs), such as the SPDR S&P 500 ETF and the iShares MSCI Emerging Markets ETF.

Based on our research and experience through AvaTrade Review 2023, the availability of financial products on the platform is impressive.

This impressive selection allows traders to diversify their portfolios and capitalise on various market trends, ultimately helping them achieve their trading goals.

AvaTrade Review: Pros & Cons

Pros

A wide range of market instruments gives traders access to diverse trading opportunities.
Multiple trading platforms allow traders to choose the platform that best suits their trading needs.
AvaTrade educational resources, such as webinars, video tutorials, e-books, and market analysis, help traders learn and improve their trading skills.
The broker’s multiple regulations and awards ensure the client’s safety.

Cons

Limited research tools may not be as extensive as some other brokers offer.
The brokers limited account types may not be sufficient for traders with more advanced needs.

Considering the pros & odds of the broker through our detailed AvaTrade Review 2023, the broker is a complete trading package.

What Trading Platforms Does AvaTrade Support?

The broker offers several trading platforms that cater to different types of traders and their preferences.

Here are the trading platforms offered:

MetaTrader4

User-friendly interface and advanced charting tools
Available for desktop and mobile devices
Offers features such as automated trading, customisable indicators, and multiple order types.

MetaTrader5

More advanced features and tools than MetaTrader 4
Additional technical indicators and charting options
Economic calendar and market depth view

AvaTrade GO

Mobile Trading app designed for on-the-go trading
User-friendly interface, real-time charts, and live market news and analysis
Price alerts, one-click trading, and the ability to manage multiple trading accounts

WebTrader

Web-based trading platform that does not require software downloads
Real-time market analysis, advanced charting tools, and customisable trading indicators
Available in multiple languages

AvaTrade Copy Trading Platform

The broker also offers a copy trading platform, AvaSocial, which allows traders to copy the trades of experienced traders in real time.
Traders can choose from various signal providers based on their performance and trading strategies.
The platform includes risk management tools and the ability to customize the trade settings.

Resources Offered By AvaTrade

The broker offers many resources and tools to help traders make informed decisions and improve their trading skills. Here are some of the resources offered:

Educational Resources: The platform provides an extensive collection of educational resources to help traders learn about trading strategies, risk management, technical analysis, and other topics related to trading. These resources include video tutorials, e-books, webinars, and trading courses.
Trading Tools: Alongside educational resources, it also offers a range of trading tools to help traders analyze the markets and make informed trading decisions. These tools include market analysis, economic calendars, trading calculators, and more.
Trading Signals: The broker also provides trading signals to help traders identify potential trading opportunities. These signals are generated by expert analysts and are based on technical analysis, fundamental analysis, and other factors.
Market Analysis: AvaTrade offers daily market analysis to inform traders about the latest developments. This analysis covers various financial instruments, including forex, stocks, commodities, and indices.

AvaTrade Customer Service

The brokerage platform offers customer support through various channels to help traders with any questions or issues. Here are the customer support options offered:

Live Chat: The broker’s website and mobile app offer a live chat feature where traders can chat with a representative in real-time to get quick answers to their questions.
Email Support: Traders can also contact Avatrade’s support team via email at support@avatrade.com.
Phone Support: Traders can also contact Avatrade’s support team via phone. Avatrade has multiple international phone numbers that traders can use to call their support team –
WhatsApp: +447520644093

Overall, the broker’s customer support services are well-responsive and widely available, as per our detailed AvaTrade Review 2023.

Does AvaTrade Have Welcome Bonus?

Yes, AvaTrade currently offers a welcome bonus to new traders who meet specific requirements. Traders who open a new trading account with AvaTrade and make a minimum deposit of $200 (or equivalent in other currencies) are eligible to receive a welcome bonus.

The specific bonus amount and terms and conditions may vary depending on the region and jurisdiction of the trader, as some regulatory bodies may have restrictions on bonus offers. Therefore, it is recommended that traders consult with the customer support team or check the promotions page on their website for the latest information on welcome bonuses and other promotions.

Conclusion

Overall, based on our findings from AvaTrade Review 2023 and our personal experience, it is a reputable broker offering a wide range of market instruments, multiple trading platforms, and educational resources for traders.

It is also regulated by multiple financial authorities, which adds to its credibility as a broker. However, there are also some potential drawbacks to using Avatrade, such as limited research tools, limited account types, an inactivity fee, and limited customer support.

AvaTrade can be a good choice for traders who prioritise diverse market instruments, multiple trading platforms, valuable educational resources, and respected regulatory status.

FAQs

Is AvaTrade Legal In India?

Yes, AvaTrade is legal in India. However, Indian residents should comply with all local laws and regulations related to trading in foreign financial markets.

What Is The Minimum Deposit For AvaTrade?

The minimum deposit for AvaTrade varies depending on the account type and the funding method used. It can range from $100 to $10,000.

How Much Is the AvaTrade Withdraw Fee?

The broker does not charge any withdrawal fees. However, traders should check with their payment provider for any applicable fees.

Is AvaTrade Trustworthy?

It is a trustworthy broker with licenses from reputable regulatory authorities such as the Central Bank of Ireland, ASIC, and the FSCA. The broker also uses advanced security measures to protect clients’ funds and personal information.

How Much Does AvaTrade Charge per Trade?

The cost of trading with AvaTrade depends on the account type and the instrument being traded. Traders can view the applicable spreads and commissions on the broker’s website.

Is AvaTrade A Good Broker?

AvaTrade has been in operation since 2006 and is a well-established broker with a wide range of trading instruments, competitive pricing, and reliable customer support. Therefore, it is considered a good broker by many traders.

Is AvaTrade Only CFD?

No, the broker offers a range of trading instruments, including forex, stocks, commodities, indices, ETFs, and cryptocurrencies. While CFDs are available, AvaTrade is not only a CFD broker.

What Can You Trade On AvaTrade?

The broker offers a range of trading instruments, including forex, stocks, commodities, indices, ETFs, and cryptocurrencies. Traders can access these markets through various platforms, including MetaTrader 4, MetaTrader 5, and AvaTradeGO.

What Type Of Broker Is AvaTrade?

AvaTrade is a market maker broker that offers fixed and variable spreads and commission-based accounts. The broker also offers social trading and copy trading services.

Does AvaTrade Have Inactivity Fee?

Yes, AvaTrade charges an inactivity fee of $50 or equivalent per quarter for accounts that have been inactive for more than three months.

Is AvaTrade Allowed In India?

Yes, AvaTrade is allowed in India, and Indian residents can trade with the broker. However, traders should ensure they comply with all local laws and regulations related to trading in foreign financial markets.

How Do I Contact AvaTrade?

Traders can contact the customer support team through various channels, including live chat, email, phone, and social media. The broker also provides a comprehensive FAQ section on its website.

How Do I Get My Money Back From AvaTrade?

Traders can withdraw their funds from AvaTrade by logging into their accounts and submitting a withdrawal request. The broker processes withdrawal requests within one to two business days.

How Much Should I Invest In AvaTrade?

The amount traders should invest in AvaTrade depends on their financial situation, trading goals, and risk tolerance. Traders should only invest funds they can afford to lose and not risk more than they can comfortably afford.

How Long Do AvaTrade Withdrawals Take?

The processing time for AvaTrade withdrawals varies depending on the method chosen by the trader. For example, withdrawals made through credit/debit cards or e-wallets are usually processed within one business day, while wire transfers may take up to 10 business days.

Which Country Is AvaTrade?

AvaTrade is a multi-national online trading broker with headquarters located in Dublin, Ireland. In addition, the company has regional offices in several countries, including Australia, Japan, South Africa, the British Virgin Islands, and the United Kingdom.

How To Start Avatrade App Download?

To download the AvaTrade app, traders can visit the App Store or Google Play Store on their mobile devices and search for “AvaTradeGO.” Once found, they can download the app and follow the prompts to install it. Alternatively, traders can visit the AvaTrade website and download the app directly.

What Are Avatrade Minimum Deposit Requirements?

The minimum deposit required to open an account depends on the trader’s chosen account type. For example, the minimum deposit for a Standard Account is $100; for a Gold Account, it is $1,000; for a Platinum Account, it is $10,000; and for an Ava Select Account, it is $100,000.