Overall, AvaTrade can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. They offer an easy-to-use social copy trading platform with excellent customer support.  They have a trust score of 97 out of 99.  

AvaTrade Review – Analysis of Brokers’ Main Features

1. ☑️Overview
2. ☑️Detailed Summary
3. ☑️Safety and Security
4. ☑️Account Types
5. ☑️How To Open an  Account
6. ☑️Trading Platforms and Software
7. ☑️Fees, Spreads, and, Commission
8. ☑️Markets Can You Trade with?
9. ☑️Leverage and Margin
10. ☑️Deposit and Withdrawal
11. ☑️Educational Resources
12. ☑️Pros and Cons
13. ☑️Conclusion
14. ☑️Frequently Asked Question

 

Overview

AvaTrade is a well-known online broker with licensing in several countries, including Ireland, Australia, and South Africa. Their services cater to a diverse clientele, encompassing both beginners and experienced traders, and they offer a multitude of beneficial features. One of its strengths is its diverse range of trading platforms. They provide the mainstream MetaTrader 4 and 5 platforms and their unique AvaTradeGO platform, which is intended to be user-friendly for novices. They also have a strong educational emphasis, offering many materials like articles, videos, and webinars to assist traders in learning about markets and improving their trading abilities. This broker delivers an extensive range of trading products, covering forex pairs CFDs on stocks, indices, commodities, and digital currencies. This AvaTrade review consisted of honest user and unbiased trader experiences. This broad spectrum of options empowers traders to diversify their investment portfolios and participate in various financial markets. Furthermore, this broker provides competitive spreads and leverage, making it an appealing choice for proficient traders.  

Detailed Summary

Is AvaTrade a globally recognized broker?

Yes, in many countries, including Ireland, Australia, and South Africa.  

What kind of trading experience does AvaTrade offer to its users?

They provide a full trading experience for beginner and expert traders.  

Safety and Security

AvaTrade is dedicated to ensuring the security of its customers’ assets and personal information. The broker uses 256-bit SSL encryption across its website to secure data transfer and prevent illegal access. AvaTrade’s adherence to the WebTrust standards, as verified by the American Institute of Verified Public Accountants (AICPA), demonstrates its commitment to digital security. The broker employs segregated accounts, ensuring clients’ funds are separate from the company’s operational capital. This offers additional financial security, meaning clients’ funds remain safeguarded if the broker encounters financial difficulties.  

How does AvaTrade ensure the safety of client funds?

They protect customer assets by employing segregated accounts, which keep client money distinct from the company’s operational cash, adding additional financial protection.  

Are AvaTrade’s trading platforms secure to use for trading?

Yes, Their trading platforms contain sophisticated security measures, such as secure login procedures and regulatory compliance.  

Account Types

Retail Account

AvaTrade’s Retail Account serves many traders, from novices to experienced investors. It claims accessibility with a competitive $100 minimum deposit and an easy-to-use interface. Tight spreads and financial instruments, including forex, CFDs, options, and spread betting, provide several study and strategy development opportunities.  This account type values transparency, showing costs up front and eliminating hidden charges. Educational materials are easily accessible, making knowledge acquisition a natural element of the trading process. However, bear in mind that leverage, although adjustable, is limited to 1:30 for retail customers, showing a commitment to prudent trading practices. While certain professional tactics, such as short selling, may be limited, the Retail Account emphasizes risk management and managed exposure for its customers.

Islamic Account

Islamic Account distinguishes out for adhering to Sharia-compliant standards. Designed for Muslim traders, it eliminates interest-based expenses such as swaps using a “markup” approach. Instead of accruing daily expenses for holding vacant positions, a minor administrative fee is charged per Islamic financial standards. This account type provides traders access to a broad selection of Forex, CFDs, and commodities products, enabling them to follow various strategies while being true to their religious convictions. However, cryptocurrency trading is presently unavailable on AvaTrade’s Islamic Accounts. Despite the swap-free structure, traders should be cautious of a five-day holding period. Positions maintained longer than this time will be subject to ordinary swap costs. Transparency remains a top concern, with all costs clearly defined and easily accessible inside the site. Islamic Account is an excellent choice for Muslim traders seeking a halal-compliant trading environment. Its wide range of products, swap-free trading, and transparent cost structures enable customers to confidently and confidently engage in financial markets.

Professional Account

This type of account is designed for experienced traders with large financial portfolios, allowing additional freedom and possible incentives in return for certain duties. To qualify, you must achieve at least one of many requirements, including holding a €500,000 financial instrument portfolio, appropriate professional expertise, or displaying regular high-volume trading activity. If you qualify, you will get considerable benefits, including leverage of up to 1:400 on certain instruments, as opposed to the normal 1:30 for retail accounts. This opens up the possibility of increased earnings while also increasing the possibility of losses. You’ll also have more flexibility to use advanced trading methods such as short selling and hedging, enabling you to customize your strategy to the market. However, becoming a professional customer entails several precautions afforded to retail clients. You will have less investor protection, such as negative balance protection, and will be responsible for managing your risk exposure independently.

Demo Account

The sample account is a useful resource for new and seasoned traders. It provides a simulated trading environment where users may test different financial products and marketplaces without risking financial loss. When customers join up, they are given access to a virtual version of the AvaTrade online trading platform and a predetermined amount of $10,000 to $150,000 in phony cash. This enables the modeling of real-world trading situations using assets such as stocks, forex, cryptocurrencies, and commodities. The demo account correctly represents market conditions and pricing, allowing traders to get experience with several platforms like as MT4, MT5, WebTrader, and AvaTradeGO. However, traders should note that while there is no expiry time for inactivity, it is only available for 21 days. This account is particularly beneficial for developing new trading techniques and tools and recognizing the dangers of volatile financial instrument price swings.  

Can Muslim traders find Sharia-compliant accounts with AvaTrade?

Yes, this broker offers an Islamic Account that follows Sharia law and provides a swap-free trading environment.  

Does AvaTrade offer accounts with different base currencies?

Yes, including ZAR, USD, GBP, and AUD.  

How To Open an Account

• To register an account
• Click the “Open a Real Account” button. This is often seen on the homepage of AvaTrade’s website.
• Please enter your email address and create a new password. Make your password strong and tough to guess.
• Select your country of residence and account type. You may choose between a Retail Demo Account, a Retail Account, and a Professional Account.
• Fill out the remainder of the registration form. This will contain your personal information, including your name, birthdate, and address.
• Verify your account. You must submit a copy of your ID and proof of residence.
• Fund your account. You may fund your account with a credit card, a debit card, or a bank transfer
• Start trading! Once your account is funded, you may begin trading on the AvaTrade platform.

 

Are there any documents required for verifying an AvaTrade account?

Yes, A copy of your ID and proof of residency, such as a utility bill or bank statement.  

How long does the account verification process typically take?

The verification procedure at AvaTrade often takes a few business days, depending on the timeliness of document submission and verification inspections.  

Trading Platforms and Software

AvaTrade offers the following trading platforms and software:

• MetaTrader 4 and 5
• AvaTradeGO
• AvaSocial
• AvaTrade Web
• ZuluTrade
• DupliTrade
• AvaOptions

MetaTrader 4 and 5

AvaTrade offers two popular trading platforms: MetaTrader 4 and MetaTrader 5. MT4 is known for its user-friendly interface, extensive charting tools, and automated trading capabilities. MT5 adds new features like greater periods, economic calendars, and faster processing, broadening trading to equities, commodities, and indexes. Both platforms offer a comprehensive trading experience with back-testing tools.

AvaTradeGO

AvaTradeGO is AvaTrade’s mobile trading app, designed for a seamless, user-friendly trading experience. It features a dashboard for transaction tracking, advanced analytical tools, and live market trend updates. AvaProtect protects transactions against losses, and its connectivity with both MetaTrader platforms allows easy switching between desktop and mobile trading.

AvaSocial

AvaSocial is a social trading platform by AvaTrade that allows users to engage with expert traders and share their techniques. It fosters a community-driven trading environment, promoting knowledge exchange and collaborative trading experiences. The user-friendly layout allows quick deal duplication, making it an excellent tool for improving trading abilities through community involvement.

AvaTrade Web

AvaTrade’s web-based trading platform offers a user-friendly, accessible experience for traders of all skill levels. It features sophisticated charting, technical indicators, and real-time market news feeds. The platform also maintains strict security standards, ensuring data transmissions are encrypted for protection. This makes it ideal for traders who value simplicity and accessibility.

ZuluTrade

ZuluTrade, linked with AvaTrade, is an automated social trading platform that connects traders with experienced strategy managers. Users can choose from a pool of skilled traders and automatically duplicate their deals in real time. The user-friendly platform features a rating system to find top-performing traders and includes ZuluGuard to protect traders from unpredictable trading methods. It is ideal for those who prefer a hands-off approach or want to learn from others’ experiences.

DupliTrade

DupliTrade is an automated trading platform by AvaTrade that focuses on copy trading, allowing traders to imitate professional traders’ activities. It offers a variety of strategy providers with unique trading styles and track records, making it suitable for both novice and seasoned traders. The platform’s open approach provides comprehensive information about each provider, enabling informed decisions about which strategy to follow.

AvaOptions

AvaTrade’s AvaOptions platform is a specialized option trading platform that combines Forex trading’s flexibility with options’ unique features. It offers tools for strategy visualization, risk management, and portfolio simulations. The platform’s intuitive interface and extensive educational resources appeal to traders looking to expand their options trading repertoire. AvaTrade’s commitment to providing diverse trading solutions makes AvaOptions a testament to its versatility.  

Is there a mobile trading app provided by AvaTrade?

Yes,  they offer the AvaTradeGO mobile app, which has a user-friendly layout and powerful trading features.  

Can beginners easily navigate AvaTrade’s trading platforms?

Their platforms, particularly AvaTradeGO, are meant to be straightforward and user-friendly, making them ideal for novices.  

Fees, Spreads, and, Commission

Spreads

AvaTrade, a Market Maker broker, incorporates broker fees into fixed spreads and executes orders using proprietary procedures. It offers traders access to the interbank market and large positions from various liquidity sources. In South Africa, average spreads for various instruments fall within defined ranges, including 0.9 pips for EUR/USD, 0.13% for stock CFDs, and specific over-market rates for commodities like crude oil and gold.  

Commissions

AvaTrade offers a commission-free trading environment in South Africa. This is accomplished by inserting a markup into the fixed spreads, which eliminates the need for additional commission payments. This strategy guarantees a clear and complete trading structure, resulting in a more transparent trading experience.  

Overnight Fees

Overnight costs at AvaTrade vary based on whether various assets have swap rates for long and short positions, including EUR/USD, equities, precious metals such as gold and silver, options in EUR/USD, the Nasdaq index, BTC/USD, and the VIX 75.  

Deposit and Withdrawal Fees

No extra fees will be applied on deposits and withdrawals across all available transaction methods.  

Inactivity Fees

the position is long or short, its value, the traded asset, and the current market circumstances. To determine overnight costs, multiply the transaction amount by the applicable rate. They charge an inactivity fee on accounts without trading activity for three months. During this inactive time, a $50 monthly fee is paid. If the account is idle for over a year, the cost increases to $100.  

Currency Conversion Fees

Traders using AvaTrade should be aware of possible currency conversion expenses. These costs apply when the deposited monies are not in a recognized deposit or base currency, requiring conversion to the currency designated for the trader’s account.  

Does AvaTrade charge commission fees?

No, they do not impose commissions; trading expenses are reflected in the spread.  

Are there any inactivity fees at AvaTrade?

Yes, levies a $50 inactivity fee after three months of account dormancy, which rises to $100 after twelve.  

Which Markets Can You Trade?

This broker offers the following trading instruments and products:

• AvaTrade trades over 50 currency pairings, including major, minor, and exotic pairs.
• You may trade precious metals such as gold and silver.
• Exchange-traded funds (ETFs) allow traders to get exposure to a basket of assets in a single transaction.
• Traders can trade various things, including agricultural commodities, metals, and energy resources.
• AvaTrade allows you to trade on important global indices.
• Stock trading allows traders to bet on the price fluctuations of individual firm shares.
• They offer access to several popular cryptocurrencies for trading.
• Options trading, including vanilla options, provides flexible hedging and speculating techniques.
• AvaTrade’s services include energy commodities such as oil and natural gas.
• They offer FXOptions, which combine the benefits of Forex and options trading to provide unique hedging and speculating possibilities.

 

Can traders access cryptocurrency markets through AvaTrade?

Yes, They allow you to trade prominent cryptocurrencies such as Bitcoin and Ethereum using CFDs on platforms like MetaTrader 4.  

Does AvaTrade offer trading in options and ETFs?

Yes, they enable traders to trade options, including vanilla options and ETFs, which provide them with flexible hedging and speculative possibilities.  

Leverage and Margin

Leverage at AvaTrade refers to using borrowed funds to boost the possible return on investment. Essentially, it permits traders to get greater exposure to the market than they would have with their funds alone.  For example, with leverage of 1:30, a trader may manage a position worth 30 times their initial investment. They provide various leverage ratios, which might alter depending on the asset being traded and the trader’s location, owing to regulatory constraints. Higher leverage may increase both earnings and losses.  In contrast, margin refers to the money needed to start and sustain a leveraged trading position in a trader’s account. It is simply a good faith deposit, or collateral, required to employ leverage. AvaTrade mandates traders to hold a percentage of the entire deal value in their account as a margin. The quantity depends on the leverage given. For example, if the leverage is 1:30, the margin needed might be about 3.33% of the entire value of the deal.  

How does margin trading work with AvaTrade?

Margin trading requires a deposit of a percentage of the entire transaction value to retain a position, with the proportion variable depending on the leverage employed.  

Are retail traders at AvaTrade subject to lower leverage limits?

Yes, retail traders are subject to a leverage limit of 1:30 per regulatory rules to encourage prudent trading.  

Deposit and Withdrawal

Bank Wire Transfer

• Log into your account.
• Click on the “Deposit” tab. This is often seen at the top of the AvaTrade interface.
• Choose “Bank Wire Transfer” as your deposit option.
• Select the currency you want to deposit.
• Enter the amount you want to deposit.
• Click “Next”.
• Enter your bank account information. This will include your bank account number, name, and SWIFT code.
• Click “Next”.
• Examine your deposit information. Make sure all of the information is accurate.
• Click “Confirm”.

 

Credit or Debit Card

• Log into your account.
• Navigate to the “Deposit” section.
• Choose “Credit/Debit Card” as the chosen deposit method.
• Choose the trading account where you wish to deposit money.
• Enter your chosen deposit amount.
• Fill out your credit/debit card information.
• Sift through your deposit information.
• Before moving on, double-check that everything is correct.
• Click on “Deposit”.

 

Cryptocurrency Wallets

• Log in to your account using your registered credentials.
• Locate and click on the “Deposit” or “Funding” option on the site.
• Select “Cryptocurrency” from the available choices.
• Select the cryptocurrency you want to deposit, such as Bitcoin or Ethereum.
• They will create a unique wallet address only for your deposit.
• Copy this address precisely.
• Access your external Bitcoin wallet, where you keep the money.
• Make a transfer to the supplied AvaTrade wallet address.
• To prevent losing cash, double-check the address for correctness.
• Enter the amount you want to deposit.
• Confirm the transaction in your wallet.

 

e-wallets or Payment Gateways

• Log into your account.
• Navigate to the “Deposit” section.
• Select your favorite e-wallet or payment gateway.
• Choose the trading account you wish to put money into.
• Enter your chosen deposit amount.
• Click “Next” or the equivalent.
• Follow the steps for your preferred e-wallet or payment gateway.
• Review your deposit information and confirm the transaction.

Here is an overview of how to make a Withdrawal from AvaTrade via the most popular Withdrawal Options:  

Bank Wire

• Navigate to the “Withdraw” section.
• This is normally found in the “My Account” or “Account Management” section.
• Select “Bank Wire Transfer” as your withdrawal option.
• Choose the account you wish to withdraw money from.
• Enter the amount you want to withdraw.
• Provide your bank account information.
• Check your withdrawal information carefully.
• Click “Submit Withdrawal” or the equivalent.

 

Credit or Debit Card

• Log into your AvaTrade account.
• Navigate to the “Withdraw” section.
• This is normally found in the “My Account” or “Account Management” section of the platform.
• Choose “Credit/Debit Card” as your withdrawal method.
• Select the account you wish to withdraw money from.
• Enter the amount you want to withdraw.
• Enter your credit and debit card information.
• Check your withdrawal information carefully.
• Click “Submit Withdrawal” or the equivalent.

 

Cryptocurrency Wallets

• Access your AvaTrade account.
• Go to the Withdrawal Page:
• Locate and click the “Withdraw” or “Funds Management” option on the site.
• Choose your preferred cryptocurrency.
• Choose the cryptocurrency you want to withdraw.
• Enter the exact wallet address of your external cryptocurrency wallet.
• To avoid losing your address, double-check it for correctness.
• Specify the amount of Bitcoin you wish to withdraw.
• Review and confirm your withdrawal.

 

e-wallets or Payment Gateways

• Log into your account.
• Navigate to the “Withdraw” section.
• Select your favorite e-wallet or payment gateway.
• Accepts various payment methods, including Skrill, Neteller, and Sofort.
• Choose the account you wish to withdraw money from.
• Enter the amount you want to withdraw. Take note of any minimum withdrawal amounts or costs connected with your preferred method and account type.
• Click “Next” or the equivalent.

 

How long do withdrawals take with AvaTrade?

Withdrawals usually take 1-2 business days. However, depending on the method and banking procedures, they may take up to 10 days.  

Are there any fees associated with deposits or withdrawals at AvaTrade?

There are no extra fees for deposits or withdrawals.  

Educational Resources

They include a glossary or compendium of market words that are very useful for traders to get familiar with the terminology used in trading circles, allowing for improved understanding and communication. Additional educational resources include:

• The Trader’s Blog
• Video Lessons
• Instructional Materials

Finally, AvaTrade offers trading ideas that traders may use as inspiration or a framework to construct their techniques and analysis, perhaps leading to better-educated trading choices.  

Does AvaTrade offer any practical trading education, like demo accounts?

Yes, they provide a demo account with virtual cash, allowing new and experienced traders to test their strategies and get acquainted with the platform’s risk-free features.  

How can I access AvaTrade’s video tutorials, and are they free of charge?

Video courses are free on their website and provide visual and interactive instruction on various subjects, from forex fundamentals to technical analysis.  

Pros and Cons

 

Conclusion

AvaTrade is a licensed and established broker that provides a full trading experience across various platforms and products.