AvaTrade Broker Review

Author By Jeffrey Cammack
Updated: September 24, 2021
Overall Rating
4.48 4.48 / 5
Rated #17 of 54 Recommended Brokers
Min. Deposit
USD 100
Regulators
Trading Desk
Trading Cost
USD 9
Website Language
Arabic, Thai, Malay, Vietnamese, English, Hindi, Portuguese, Hungarian, Indonesian, Japanese, Greek
Support Language
English, Japanese, Malay, Portuguese, Polish, Arabic, Chinese, Greek
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.

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Summary

AvaTrade is an internationally regulated beginner-friendly CFD broker offering trading on Forex, cryptocurrencies, commodities, indices, stocks, bonds, vanilla options, and ETFs. AvaTrade has received extensive industry recognition for AvatradeGO, one of the most popular mobile trading applications available globally and, unlike many European brokers, has a local Nigerian customer support team. 

AvaTrade’s single commission-free account has a minimum deposit requirement of 100 USD and has average trading costs for a market maker broker, with spreads starting at 0.90 pips on the EUR/USD. In terms of trading platforms, AvaTrade offers a wider choice than most brokers, with support  MT4, MT5, AvaOptions, and its proprietary web trader platform. The same is true for the trading tools available, with Avatrade offering Trading Central, Duplitrade, and AvaProtect, its own innovative risk management system.  Furthermore, Avatrade does not charge any deposit or withdrawal fees and provides an excellent selection of educational materials to get new traders started.

Reviews

Regulation
111104/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
Competitive Bonus

Account Information

Base Currencies
USD, GBP, EUR, AUD, CHF
Number of FX Pairs
50+
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0.90 pips
Commission
Fees Included in Spread
EUR/USD
0.9 pips
GBP/USD
1.6 pips
USD/JPY
1.1 pips
Max. Leverage
30:1

Company Details

Company Name
AVA Trade EU Ltd
Founded
2006
Office Locations
Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE

Pros

  • Good for beginners
  • Well regulated
  • Low minimum deposit

Cons

  • Dealing desk
  • Limited market analysis

Is AvaTrade Safe?

AvaTrade is considered a safe broker to trade with

Founded in 2006 in Ireland, AvaTrade has more than 200,000 registered clients globally and is a leading Forex and CFD broker.  Avatrade has a corporate structure composed of multiple regulated entities that operate in different regions across the world, including South Africa, Australia, Cyprus, Japan, Abu Dhabi, and the British Virgin Islands.  See below for more details: 

  • Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684).
  • DT Direct Investment Hub Ltd. is regulated by the Cyprus Securities and Exchange Commission (No. 347/17).
  • ATrade Ltd is regulated in Israel by the Israel Securities Authority (No. 514666577).
  • Ava Trade Middle East Ltd is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018).
  • Ava Trade Japan K.K. is licensed and regulated in Japan by the Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574).
  • Ava Capital Markets Pty is authorised and regulated by the South African FSCA (licence number No.45984).
  • Ava Trade Ltd is regulated by the British Virgin Islands FSC No. SIBA/L/13/1049.
  • AVA Trade EU Ltd is compliant with MiFID and is regulated by the Central Bank of Ireland, Reference No.C53877.

In Nigeria, Ava Trade Ltd is regulated by the British Virgin Islands FSC. The BVI FSC is not considered one of the best regulators, and its rules are not as strict as those of other regulators such as ASIC and those of the EU.  However, it does allow AvaTrade to offer higher leverage and bonuses to Nigerians.  Furthermore, although the BVI FSC does not require client funds to be segregated from the operational funds of the company, Avatrade segregates all client funds at top-tier banks, and provides negative balance protection to all traders. 

Nigerians should note that while Avatrade’s EU entity (Central Bank of Ireland) participates in an investor protector scheme of up to 20,000 EUR, Nigerians are not afforded this protection.  However, Avatrade regularly discloses its financials and is frequently assessed by external auditors, burnishing its credentials as a secure broker. 

Avatrade Regulation

In addition to being regulated by several national authorities, AvaTrade has received widespread industry recognition for its excellent trading conditions and innovations.  Recent awards include:

  • No. 1 Broker 2020 (The European)
  • Best Forex Broker 2020 (The European)
  • Best Bitcoin CFD Trading Provider of the year 2020 (The European)
  • Most Innovative CFD Broker 2019 (International Business Magazine)

Based on its long track record of responsibility, its provision of negative balance protection, the segregation of client money, and the high level of regulatory oversight, it is clear that Avatrade desires to provide a safe and secure trading experience for traders in Nigeria. 

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Additional Fees
ASIC
FSCA
B.V.I FSC
FSA
CySEC
CBE
FRSA
Market Maker
2006
Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE
25 USD/mo inactivity fee

AvaTrade’s reputation as a safe broker is further enhanced by its AvaProtect risk management tool, which allows ‎clients to purchase protection against losing trades for a specified time. For more on AvaProtect and AvaTrade’s other trading tools, click here.

Avatrade Trading Fees

Avatrade’s trading fees are average compared to other Forex brokers.

Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, Avatrade only offers one commission-free account that employs instant execution.  Avatrade’s fee structure is transparent, and it publishes all trading fees. For more detail on AvaTrade’s trading account, click here.

Avatrade’s account was assessed to compare the costs to those of other brokers.  The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spreads:

Spread Cost Formula: Spread x Trade Size = Spread Charge in Secondary Currency (USD)

Avatrade Trading Costs

Avatrade’s fees are built into its spreads, so there are no extra costs, except for the interest fees charged on positions held overnight and various non-trading fees

Avatrade is completely transparent regarding its overnight financing rates.  However, Avatrade makes no claims about how these fees are derived.  Avatrade charges swap fees of 0.0064% on the EUR/USD on a long position, and 0.0031% on a short position.   Interest is paid on leveraged positions, which is the money borrowed from the broker to trade.

Compared to other market makers, Avatrade’s trading costs are average.  However, it charges a reasonable minimum deposit of only 100 USD, making it a good choice for both beginner and experienced traders.

Avatrade Non-trading Fees

Avatrade’s non-trading fees are mostly low compared to other Forex brokers, but its inactivity fees are high.

Avatrade does not charge deposit or withdrawal fees but does charge an account inactivity fee of 50 USD per quarter after three months of inactivity.  Additionally, a fee of 100 USD will be added to this after 12 consecutive months of no trading.  Compared to other brokers, these fees are relatively high.  

Opening an Account at AvaTrade

Avatrade’s account opening process is hassle-free compared to other brokers. 

All Nigerains are eligible to open a trading account at Avatrade but will have to meet the minimum deposit requirement of 100 USD. 

Creating an account is fast and fully digital, and accounts are usually ready for trading in a matter of minutes. 

How to open an account at Avatrade:

  1. Clients should click on “Register now” on Avatrade’s main page, and choose either a Real or a Demo account.
  2. Avatrade’s intake form requires clients to fill in their name, email address and choose either an individual or joint account.  
  3. Clients are required to answer questions that determine their level of trading knowledge.
  4. Avatrade requires individuals to submit a copy of their National ID or Passport with the signature page, as well as a copy of a recent utility bill or bank statement.
  5. Documents can be scanned or sent through as a high-quality digital camera picture.

Once all documents have been received, the account will be ready for trading within a matter of minutes. 

Compared to other similar brokers, Avatrade’s account opening process is fast, hassle-free, and fully digital. 

AvaTrade Account Types

Avatrade offers only one account type that is suitable for both beginner and more experienced traders.

We define beginner traders as inexperienced traders who have never traded before, or who have been trading for less than a year.  Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek.

Avatrade’s account is suited to both beginner and more experienced traders because of the reasonable minimum deposit requirement and average trading costs.  That said, other brokers offer a range of accounts for beginners with lower minimum deposits and sometimes allow trading in micro-lots.  Furthermore, more experienced traders may prefer to pay a higher minimum deposit in exchange for tighter spreads, which is not available at Avatrade. 

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Islamic
USD 100
400:1
1.20
None
Account Details
Professional
USD 100
400:1
0.90
None
Account Details
Retail
USD 100
400:1
0.90
None
Account Details
  • Standard Account: Avatrade offers a single live account with a minimum deposit requirement of 100 USD, spreads starting at 0.90 pips on the EUR/USD, and leverage of up to 400:1. Avatrade allows all trading strategies, including hedging, scalping, and copy trading.
  • Demo Account: AvaTrade’s free demo account is a handy tool to practice your trading, test an expert advisor, or acquaint yourself with how Forex trading works. With 100,000 USD in virtual funds, the demo account accurately simulates AvaTrade’s real account and will only expire after 21 days.
  • Islamic Account: AvaTrade offers Islamic accounts for traders of the Muslim faith. Islamic accounts are subject to an increased spread on all Forex pairs. To set up an Islamic account, the trader needs to: 
    1. Sign up for a real account.
    2. Complete the KYC process that includes submitting a copy of your passport or national ID and a recent proof of residential address.  
    3. Make a deposit to fund the account.
    4. Contact your account manager to request that the account to be converted to an Islamic account.  This process will take 1-2 business days.

Note that cryptocurrency trading is not available on Islamic accounts.  To trade cryptocurrencies, clients must give up their ‘Islamic account’ privileges and be subject to special fees or interest.  Furthermore, certain FX instruments (ZAR, TRY, RUB, MXN pairs) are also not available on Islamic accounts. 

Account-holders also enjoy progressive perks with increasing deposit amounts.  For example, from 1,000 USD and upward, traders receive a 20% on-deposit bonus and one-on-one trading sessions with a personal account manager.  Clients who deposit 2,000 USD or more will gain free access to Duplitrade, a powerful third-party copy trading platform. 

All accounts are available on MT4, MT5, and Avatrade’s proprietary platform (click here for more details on Avatrade trading platforms) and are available as Islamic swap-free options. 

Overall, Avatrade’s trading costs are average compared to other similar brokers, but its minimum deposit requirements are reasonable. 

Avatrade offers trading on multiple financial instruments, including commodities, stocks, indices, cryptocurrencies, vanilla options, bonds, and ETFs.  With over 50 forex pairs, its asset choice is similar to those offered by its competitors. For more detail on Avatrade’s assets, click here.

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
111115/ 5
USD, GBP, EUR, AUD, CHF
0.90 pips
USD 9
0.9 pips
1.6 pips
1.1 pips
0.0
111003/ 5
EUR, USD, ZAR
0.80 pips
USD 8
0 pips
0 pips
0 pips
0.0
11110.54.5/ 5
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
0.60 pips
USD 6
0.6 pips
0.9 pips
0.7 pips
0.0

Avatrade Deposits and Withdrawals

Avatrade’s deposit and withdrawal fees are low compared to other market makers.  However, withdrawal times are slow compared to other brokers.

A well-regulated broker, Avatrade ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. It is important to note that traders must withdraw up to 100% of the deposit to a credit or debit card. After this, funds may be withdrawn by another method, but they must be in the trader’s name.  Avatrade does not charge fees for deposits or withdrawals.  See below for a list of payment options:

  • Skrill: 100 – 5,000 USD
  • WebMoney: 100 – 5,000 USD
  • Neteller: 100 – 5,000 USD
  • Wire transfer: 100 USD minimum
  • Credit or debit cards: 100 – 20,000 USD

Deposits and Withdrawals Fees

Ways to Deposit to AvaTrade

You can fund your AvaTrade trading account with:

  • Moneybookers (Skrill): 100 – 5,000 USD
  • WebMoney: 100 – 5,000 USD
  • Neteller: 100 – 5,000 USD
  • Wire transfer: 100 USD minimum
  • Credit or debit cards: 100 – 20,000 USD

How Fast are Deposits Processed?

  • E-payments are processed within 24 hours.
  • Bank transfers can take up to 7 business days to be processed.
  • Initial deposits with credit or debit cards can take up to 1 business day to reflect in your trading account due to the security verification process.

How to Withdraw Funds From AvaTrade

Withdrawals are typically processed and sent within 1 to 2 business days. Once the withdrawal is processed, additional time may be required for you to receive it. Here are the different times according to the different payment channels:

  • For credit and debit cards – up to 5 business days.
  • For e-wallets – up to 24 hours.
  • For wire transfers – up to 10 business days (depending on the bank’s location).

Overall, while withdrawal and deposits are free, Avatrade takes longer to process deposits and withdrawals than other similar brokers.

Avatrade Base Currencies

Avatrade offers a reasonable number of base currencies compared to other similar brokers but does not offer NGN trading accounts. 

Traders can choose between five base currencies at Avatrade, including USD, EUR, GBP, CHF, and AUD.  AUD is only available for Australian clients, and GBP is only available for UK residents. 

This is a disadvantage for Nigerians who have bank accounts denominated in NGN, as they will have to pay conversion fees, which may affect profitability. While this may not affect occasional traders, high volume traders (who trade more than 10 lots a month) should consider opening an account denominated in USD, because a conversion fee will be charged for every trade made on a USD quoted currency pair.  This can be done by opening a multi-currency bank account at a digital bank.  

Avatrade’s Trading Platforms

Avatrade offers a wide range of trading platforms compared to other similar brokers, including MT4, MT5, and its own proprietary platform.  Avatrade also provides one of the best mobile trading experiences, with its AvatradeGo App.

Avatrade offers several trading platforms, including:

  • Webtrader, Avatrade’s proprietary platform
  • Metatrader 4
  • Metatrader 5
  • AvaOptions, Avatrade’s platform for CFD options
  • AvaSocial, Avatrade’s social platform (which will be covered in the Social Trading section)
  • AvatradeGO, Avatrade’s mobile application (covered in the mobile trading section)

Avatrade Webtrader

With a clean user interface and intuitive design, the web trader platform requires no downloads or installation and is available for all devices. Traders can access a wide selection of indicators in multiple timeframes.  It is also easy to search for various instruments, but traders only have access to three basic order types, including Market, Limit, and Stop orders.  One drawback is that the platform is not customisable, and traders can’t change the size and position of the tabs.  The platform also does not allow traders to set price alerts and notifications. 

Trading Central, one of the most popular third-party trading tools available, is fully integrated into the platform and provides technical insight and instant pattern recognition.

Traders also have access to AvaProtect, Avatrade’s innovative risk management system.  This unique trading tool allows ‎clients to purchase protection against losing trades for a specified time, and if a trade is closed during that period any losses will be fully refunded.  While the AvaProtect feature is active, traders will still be able to benefit from any gains on a position. The cost of AvaProtect changes according to the market and size of the trade.  AvaProtect is also available on the AvaTradeGO App.  Note that this feature is not available on limit orders, only on market orders. 

Metatrader 4 (MT4)

Developed by MetaQuotes in 2002, MT4 is still considered one of the best CFD trading platforms in the world.  The benefit of Avatrade offering a third-party platform such as MT4 is that traders can use the platform should they choose to migrate to another broker. Although the platform feels somewhat outdated, it is still widely recognised for its execution speeds, excellent charting tools, algorithmic trading, and customisability.  Other features of MT4 include:

  • Supports the creation, modification, and utilisation of automated trading strategies.
  • Supports MQL4 programming language.
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Allows traders to develop their own custom indicators.
  • Superior charting tools in nine timeframes
  • 24 graphical objects
  • 30 built-in indicators
  • Four pending order types, including buy stop, sell stop, buy limit, and sell limit.

 Note that traders will not be able to trade on stocks and options on the MT4 platform. 

Metatrader 5 (MT5)

Developed in 2010, MT5 is the newer version of its predecessor, MT4.  The primary difference between MT4 and MT5 is that MT4 is a Forex-only platform, while MT5 is a multi-asset trading solution. On MT5, you can trade stocks, stock indices, commodities, cryptocurrencies, ETFs, and precious metals.

MT5 is more powerful and faster than MT4, especially when it comes to back-testing functionality.  MT5 also has a built-in news feed, market depth indicator, economic calendar, and trades that can be made on charts. Additional features of MT5 include:

  • 12 timeframes
  • 38 built-in indicators
  • 37 graphical objects
  • Six pending order types
  • Multi-threaded strategy tester

AvaOptions

AvaTrade allows trading on vanilla options. Options trading provides traders with opportunities to benefit from more than just the 2-dimensional nature of Forex trading. Vanilla options are available on more than 40 currency pairs, gold, and silver. Trading options can be a complex undertaking, but the AvaOptions platform simplifies the process. 

AvaOptions is an intuitive and well-designed platform and allows traders to execute Straddles, Strangles, Risk Reversals, Spreads, and other strategies. Traders can learn to trade vanilla options on the AvaOptions demo account. 

Overall, Avatrade provides an excellent selection of both proprietary and third-party platforms to suit the needs of any trader. 

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Broker
Platform Choice
Copy Trading
Platforms
11110.54.5/ 5
Avatrade Social
111104/ 5
Plus500
11110.54.5/ 5
L2 Dealer
ProRealTime

Avatrade Mobile Trading Platforms

Avatrade offers an excellent mobile trading experience compared to other similar brokers.

Avatrade offers three mobile trading platforms:

  • AvatradeGO, Avatrade’s proprietary mobile trading platform
  • Metatrader 4
  • AvaOptions

AvatradeGO

Having won numerous industry awards, AvatradeGO provides a superior mobile trading experience and is available on both Android and iOS. 

The AvatradeGO app is not a trading platform, but more of a portal that allows traders to manage their Metatrader 4 platform from a mobile device or tablet.  It also integrates with Avatrade’s social trading application.

Avatrade Mobile Trading Platform

AvatradeGO is user-friendly and has a sophisticated dashboard and intuitive home screen that allows traders to view educational videos and contact customer support from the app.  It has excellent search functionality and allows traders to place orders, set price alerts, create watchlists, and view live prices and charts.  Traders can choose from over 1,000 financial instruments, including Forex, commodities, stocks, cryptocurrencies, and more.  Like the web trader platform, the mobile app features AvaProtect, Avatrade’s risk management system. 

Metatrader 4 Mobile Application

Avatrade offers MT4 on a mobile trading platform. It is available for both Android and iOS. Although there is slightly limited functionality compared to the desktop version of the platform, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders. 

AvaOptions Mobile Application

AvaOptions is available on all mobile devices and has the same functionality as the browser version.  It also offers the same options strategies, but traders cannot set price alerts and notifications. 

Trading Tools

Avatrade offers an excellent selection of trading tools and social trading platforms compared to its competitors.

Avatrade’s tools include Trading Central, alongside the Duplitrade, Zulutrade, and AvaSocial social trading platforms.

Trading Central

Trading Central is a third-party company that allows Avatrade to provide market insights and intelligence directly to its clients.  These products are available through Avatrade’s proprietary interfaces (WebTrader and AvaTradeGO) and via notifications (SMS/email/push).  The market insight provided by Trading Central helps inform traders’ strategies and trading plans and is created by expert analysts.  The tool helps to merge the views of these experts with automated algorithms and offers pattern recognition to trigger trading ideas. Trading Central also delivers a daily strategy newsletter, combining both technical and fundamental research directly to your inbox.

Overall, Avatrade offers an excellent selection of tools compared to its competitors, however, some of these are available with higher minimum deposits.

Trading Calculator

Like many brokers, Avatrade offers a trading calculator to help traders calculate the potential profits, losses, and costs of trading.  The calculation outcome will help traders decide if or when to open a position, what margin is required, and what the cost of trading will be.

Social Trading

Avatrade offers an excellent social trading experience compared to other brokers. 

Avatrade offers three social trading platforms:

  • Duplitrade, a third-party copy trading platform
  • Zulutrade, also a third-party copy trading platform
  • AvaSocial, Avatrade’s proprietary social trading platform

Duplitrade

With a minimum deposit of 2,000 USD at Avatrade, traders gain access to DupliTrade, a copy trading platform linked to the MT4 trading platform. DupliTrade allows traders to automatically duplicate the actions of expert traders (with proven histories) directly into their AvaTrade trading account.

Zulutrade

One of the most popular auto trading platforms used today, ZuluTrade converts experienced traders’ recommendations and automatically executes the trades in your AvaTrade account.

Although Zulutrade offers automated trading, copy traders can monitor all open positions in real-time and will have full control over their funds.  Copy traders can choose from a large set of experienced and high-ranking traders with many followers.  In order to open a copy trading account, traders should click on “New Account” and select Zulutrade as the trading platform.

AvaSocial

AvaTrade clients can also download the broker’s social and copy trading platform – AvaSocial. Available on iOS and Android devices, the mobile app allows clients to replicate the trades of successful investors. Users can opt to manually trade on market signals or to follow a fully automated service. 

Users can interact with other traders via community channels and ask questions on specific strategies, find out more about crypto markets, or seek out a trading mentor, making it a great tool for beginner traders.

Overall, Avatrade offers a comprehensive social and copy trading experience compared to other brokers.

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Display Name
Research Team
Daily Market Commentary
Forex News
Analysis Webinars
In House
In House
In House
  

Avatrade’s Financial Instruments

Avatrade’s financial instrument range is average compared to other similar brokers.

Avatrade offers a range of financial instruments for CFD trading (click here for more details on CFD trading), including Forex, cryptocurrencies, stocks, commodities, ETFs, bonds, and indices. Avatrade generally offers a similar range of instruments as other brokers, but offers a wider range of commodities and cryptocurrencies:

  • Forex: Avatrade offers 55 currency pairs for trading, including majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and USD/ZAR), but no exotics. While this is around average, many international brokers will offer 60+ pairs to trade including a range of exotic pairs. The leverage on Forex pairs is up to 400:1.
  • Share CFDs: Avatrade offers 625 share CFDs, which is around the average offered by other brokers. The selection available includes some of the major US companies, including Apple, Amazon, Facebook, Microsoft, and Google, among others. Note that most share CFDs are only available on MT5. Leverage on share CFDs is up to 10:1.
  • Commodities: Avatrade offers 17 commodities, which is excellent, as most brokers offer trading on between 5 – 10 commodities. These include gold, silver, platinum, petroleum, oil and softs such as coffee, corn, soybeans, and wheat. Maximum leverage on commodities is 200:1.
  • Indices: Avatrade offers trading on 33 indices, which is average compared to other similar brokers, and includes the likes of the US 30, US 500, US TECH100, and the FTSE 100. Unlike many other brokers, at Avatrade trading is available on the VIX index. Leverage is up to 200:1 on indices.
  • Cryptocurrencies: With 13 crypto pairs available for trading, Avatrade offers a wider range than is available at most other brokers, including crypto/crypto pairs, as well as crypto/fiat pairs (USD, EUR, JPY, and more). Leverage on cryptocurrency trading is higher than most other brokers, at up to 25:1. Avatrade also offers 24/7 support for crypto trading. 
  • Bonds: Avatrade offers trading on two bonds, namely the EURO-BUND, and the JAPAN GOVT BOND. These are available at a leverage of up to 20:1.
  • ETFs: Avatrade offers trading on 59 ETFs, which is a wider range than most other brokers, including the S7P 500 VIX Short-Term Futures ETN Series B, iShares Gold Trust, and iShares Silver Trust. Leverage is up to 20:1 on ETFs.
  • Vanilla Options: Traders can trade on 53 currency pairs, in addition to gold and silver on the AvaOptions platform. Vanilla options are seldom offered at other brokers, so Avatrade really shines on this front.  Leverage is up to 100:1 on options.  

Overall, Avatrade offers a wide range of financial instruments but stands out for its range of cryptocurrencies, commodities, and vanilla options. 

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Fx Pairs
CFD Investments
50+
Commodities
Cryptocurrencies
Forex
Indicies
Equities
ETFs

Avatrade Research and Market Analysis

Avatrade’s research is good compared to other similar brokers, but most of the research is curated by third-party providers. 

Research is available through the web trading platform, the MetaTrader platform, AvaOptions trading platform, and on Avatrade’s website:  

  • Trading Central: As described in the trading tools section Trading Central provides trading ideas based on technical analysis, and covers various commodities, stock indices, and most Forex pairs. Trading Central also provides an updated news feed for each asset, which also comes with a sentiment score for that asset.  An additional feature of Trading Central is the Trend Analysis, which predicts whether assets will rise and fall, and by what percentage. 
  • Blog: Avatrade also provides a blog covering daily market movements, including relevant news, in addition to a regular market commentary presented in video format.
  • Economic Calendar: Avatrade’s Economic Calendar provides a good selection of fundamental data. It also offers a feature that allows traders to gauge historical volatility and trends, including an “impact” button to see how various prices were affected by certain news updates.

Overall, while Avatrade’s in-house team does not provide as much market analysis as is available at other large international brokers, it provides a good set of third-party tools to help its clients make trading decisions. 

AvaTrade Educational Material

Avatrade provides an excellent selection of educational materials compared to other similar brokers.  The education section caters to both beginner and more experienced traders alike. 

Avatrade’s world-class educational materials comprise trading videos, a trading beginners section, correct trading rules, online trading strategy guides, order types, technical analysis indicators and strategies, economic indicators, market terms, and a free trading e-book.  All the material is in-depth and well-structured and caters to both beginner and experienced traders.  Avatrade also offers an unlimited demo account for traders to practice their trading. See below for more details:

  • Trading for beginners – The Trading for beginners section gives you all the information you need to tackle Forex and CFD instruments with confidence. In this section, traders can learn about many trading topics, including ‘What is Forex’, ‘What is a pip’, ‘What is Metatrader?’, ‘MACD trading strategies’, ‘How to read a Forex chart’, ‘Technical analysis’, and more.
  • Video Education – AvaTrade’s video section is strong and covers many different topics including Advanced Trading Tools, Beginner Lessons, Forex Trading Strategies, and more.
  • Correct Trading Rules: These guides educate traders on how to trade efficiently and master the basics, and progress to more advanced trading techniques and strategies.
  • Online Trading Strategies: This section enlightens traders on various online trading strategies, including day trading, swing trading, and financial instruments.
  • Order types: This section covers different types of market orders, pending orders, and conditional orders used on the financial markets.
  • Technical Analysis Indicators and Strategies: CFD and forex traders mostly utilise technical analysis methods in analysing the price changes of their preferred assets. These articles help traders understand price action methods (candlestick types and candlestick patterns, trends, volatility, market cycles, etc.
  • Economic Indicators: These articles outline the types of economic indicators and their importance during trading.
  • Market Terms for Pros: These guides help traders understand all the relevant key terms, gain further knowledge from more professional sites, and participate in interesting trader-centric forums.
  • Ebook – AvaTrade’s Ebook gives traders a good overview of basic Forex terminology and the different groups of currency pairs available. The Ebook also explains how to read a Forex quote and the advantages of Forex trading.
  • Demo Account: AvaTrade’s free demo account is a handy tool to practice your trading, test an expert advisor, or acquaint yourself with how Forex trading works. With 100,000 USD in virtual funds, the demo account accurately simulates AvaTrade’s real account but expires after 21 days.
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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
High
Low
High

Avatrade’s Customer Service

Avatrade offers excellent customer service compared to other similar brokers.

Customer support is available 24/5 for CFD trading, and 24/7 for cryptocurrency trading.  Support is available in a range of languages via email, live chat, and via a South African telephone number. 

Customer support is responsive, polite, and knowledgeable – the live chat agent was able to answer all of our questions satisfactorily. 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the AvaTrade offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

AvaTrade Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. AvaTrade would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.

Overview

AvaTrade is one of the best, largest, and most reputable market maker brokers in the world. Trading costs are average compared to other large market makers, with spreads starting at 0.9 pips on the EUR/USD in exchange for a minimum deposit of 100 USD. 

Avatrade offers trading on a wide range of financial instruments on MT4, MT5, and a number of proprietary platforms, including its award-winning AvatradeGO mobile app. It also boasts an excellent range of trading tools, including Trading Central, Duplitrade, and Zulutrade. Lastly, Avatrade’s excellent education, local customer service, and relatively tight spreads make it a good place for beginners to start their trading careers. 

FAQ

Is AvaTrade Safe?

Yes. AvaTrade is an internationally, and FSCA regulated Forex CFD broker.

What is the AvaTrade minimum deposit?

Clients can open a live AvaTrade account for 100 USD.

How do I fund my Avatrade account?

Clients can fund accounts using Skrill, Webmoney, Neteller, ETF, and credit cards. Payments will reflect in your trading account between 1-5 days depending on the deposit method.

How can I withdraw money from Avatrade?

Clients can only make withdrawals via payment methods used to fund your account, with the only exception made for clients who are withdrawing earnings and have already made a withdrawal via the original funding method. Withdrawals are typically processed and sent within 1 to 2 business days.

Does AvaTrade have a demo account?

The free AvaTrade demo account has 100,000 USD virtual funds. The account will expire after 21 days, but can be reopened by the support team.

AlertAccepts Nigerian Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.48/ 5
USD 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
ETFs
50+
18
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Dealing desk
  • Limited market analysis
111104/ 5
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
72% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.90 pips
Islamic
Professional
Retail
Avatrade Social
POLi
Visa
Mastercard
Skrill
Neteller
Paypal
Bank Transfer
Fees Included in Spread
11110.54.09/ 5
USD 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
Vanilla Options
ETFs
70+
9
  • Well regulated
  • Wide range of assets
  • Limited education
  • Limited account options
111115/ 5
111003/ 5
111104/ 5
11110.54.5/ 5
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
72% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Standard
Plus500
Bank Transfer
Visa
Mastercard
Skrill
Paypal
Fees Included in Spread
11110.54.69/ 5
USD 250
Market Maker
Commodities
Cryptocurrencies
Forex
Equities
Bonds
Interest Rates
Digital 100s
IPOs
93
8
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis
  • High minimum deposit
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
111115/ 5
111115/ 5
111104/ 5
75% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.60 pips
Live Account
Spread Betting
L2 Dealer
ProRealTime
Bank Transfer
Visa
Mastercard
Paypal
Fees Included in Spread
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