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AvaTrade Review 2024

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

May 23, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AvaTrade is highly recommended for traders aiming to engage in forex and CFD trading. Our thorough evaluation has shown that it excels with a diverse selection of trading platforms, comprehensive educational content, and competitive pricing.

Overall Rating

8.7 / 10

Minimum Deposit

$100

Trust Score info

Highly Trusted

Pros and Cons

thumb_up_off_alt Pros

Comprehensive Platform Options: AvaTrade offers both MetaTrader 4 and MetaTrader 5, alongside three proprietary platforms dedicated to either their main trading environment, options trading, or futures, providing traders with numerous trading environment choices.
Advanced Educational Resources: It is equipped with both beginner and advanced education videos, making it ideal for traders at all levels of experience.
Regulatory Robustness: Highly regulated by several top-tier authorities, including the ASIC and MiFID, ensuring a high degree of trust and safety.

thumb_down_off_alt Cons

Average Spread Cost: With an average spread of 0.92 for the EUR/USD pair, AvaTrade’s costs are competitive, but not the lowest in the market.
Inactivity Fee Charged: Charges an inactivity fee, which could be a downside for traders not planning to trade regularly.

Ratings Summary

Investment Types - 7.5/10
Commissions & Fees - 9.0/10
Trading platforms - 8.5/10
Research - 7.5/10
Mobile Apps - 8.5/10
Education - 10/10
Overall - 8.7/10

Can I trust AvaTrade?

AvaTrade is backed by authorization from multiple top-tier regulators such as ASIC and MiFID, and has been awarded a high trust score of 94 by ForexBrokers.com. These credentials assure traders of a secure and reliable trading environment.

AvaTrade is currently licensed and/or authorised by the following regulatory bodies:

Tier-1 Regulators - Australian Securities & Investment Commission (ASIC), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), and in the European Union via MiFID
Tier-2 Regulators - Israel Securities Authority (ISA), Financial Sector Conduct Authority (FSCA), and the Financial Services Regulatory Authority (FSRA)
Tier-3 Regulators - Financial Superintendence of Colombia (FSC)
Tier-4 Regulators - BVI Financial Services Commission (FSC)

Is AvaTrade good for beginners?

AvaTrade is an excellent choice for beginners. It offers a wide array of educational materials, including videos that cater to both beginner and advanced traders, facilitating a comprehensive learning experience.

Feature	AvaTrade
Education (Forex or CFDs) info	Yes
Client Webinars info	Yes
Videos - Beginner Trading Videos info	Yes
Videos - Advanced Trading Videos info	Yes
Investor Dictionary (Glossary) info	Yes

AvaTrade commissions and fees summary

AvaTrade offers competitive fees with a reasonable spread on major pairs but charges an inactivity fee that may discourage users not intending to trade regularly.

Feature	AvaTrade
Minimum Deposit info	$100
Average Spread EUR/USD - Mini info	0.93 info
Average Spread EUR/USD - Standard info	0.93 info
All-in Cost EUR/USD - Active info	0.61 info
Active Trader or VIP Discounts info	Yes

AvaTrade trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

AvaTrade provides an excellent selection of trading platforms and tools. It includes MetaTrader 4, MetaTrader 5, and its own proprietary platforms, catering to all types of traders.

Trading platforms offered: Available are MetaTrader 4, MetaTrader 5, and AvaTrade’s proprietary platforms: AvaTrade WebTrader, AvaOptions, and AvaFutures.

Trading tools: Offers a decent assortment of trading tools across its platform offerings.

Copy trading: AvaTrade includes options for copy trading, enhancing opportunities for those interested in mirroring the strategies of other successful traders. Platforms include ZuluTrade and DupliTrade (accessible via WebTrader)

Feature	AvaTrade
Virtual Trading (Demo) info	Yes
Proprietary Platform info	Yes
Desktop Platform (Windows) info	Yes
Web Platform info	Yes
MetaTrader 4 (MT4) info	Yes
MetaTrader 5 (MT5) info	Yes
DupliTrade info	Yes

AvaTrade trading platform screenshots

AvaTrade AvaOptions desktop trading platform

AvaTrade AvaOptions desktop trading platform charts

AvaTrade AvaOptions desktop trading platform layout

Mobile trading apps at AvaTrade

The mobile trading applications from AvaTrade are advanced, providing comprehensive functionality for on-the-go trading.

Feature	AvaTrade
Android App info	Yes
Apple iOS App info	Yes
Mobile Economic Calendar info	Yes
Mobile Alerts - Basic Fields info	Yes
Mobile Charting - Draw Trendlines info	Yes
Mobile Watchlist info	Yes

AvaTrade mobile app screenshots

AvaTrade web trader platform trade ticket

AvaTradeGo mobile app educational courses

AvaTradeGo mobile app educational videos

How do I open an account with AvaTrade?

Visit the AvaTrade website.
Click on the 'Register Now' button.
Provide the necessary personal information.
Complete the KYC process by submitting the required documents.
Fund your account and start trading.

What can I trade at AvaTrade?

AvaTrade offers a highly recommended array of trading options with 55 forex pairs and over 1,260 tradeable symbols, ideal for traders seeking variety and depth in their trading pursuits.

Feature	AvaTrade
Tradeable Symbols (Total) info	1260
Forex Pairs (Total) info	53
Social Trading / Copy Trading info	Yes
Cryptocurrency (Physical) info	No
Cryptocurrency (Derivative) info	Yes
Spread Betting info	Yes

AvaTrade research screenshots

Account funding at AvaTrade

AvaTrade supports multiple funding options, including bank wires, credit cards, and several eWallets such as Neteller, Skrill, and PayPal.

Feature	AvaTrade
Visa/Mastercard (Credit/Debit) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes
PayPal (Deposit/Withdraw) info	Yes
Skrill (Deposit/Withdraw) info	Yes
Neteller (Deposit/Withdraw) info	Yes

About AvaTrade

AvaTrade was established in 2006 and is headquartered in Ireland. It is highly regulated and not publicly traded, focusing on providing reliable forex and CFD trading services.

Compare AvaTrade

See how AvaTrade stacks up against other brokers.

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.