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AvaTrade Review

  • Regulated by: Central Bank of Ireland, ASiC, FSA, FSB …
  • Used by: 200,000+ traders
  • Trust Rating: AAA
Open AvaTrade's Website

Losses can exceed deposits. Your capital is at risk.

AvaTrade offer Forex, CFDs, Spread Betting, Social Trading.

To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, AvaTrade offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by ASiC (AFSL #406684), and Financial Services Provider #45984 in South Africa. AvaTrade puts all client funds in a segregated bank account and uses tier-1 banks for this. AvaTrade have been established since 2006, and have a head office in The British Virgin Islands.

Before we dive into some of the more detailed aspects of AvaTrade’s spreads, fees, platforms and trading features, you may want to open AvaTrade‘s website in a new tab by clicking the button below in order to see the latest information directly from AvaTrade.

Open a demo account Visit AvaTrade

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

AvaTrade screenshot

PROS

  • Used by 200,000+ traders
  • Established in 2006
  • Regulated by Central Bank of Ireland, ASiC, FSA, FSB and BVI
  • Min. deposit from $250

CONS

What are AvaTrade's spreads & fees?

Like most brokers, AvaTrade take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on AvaTrade’s website. The colour bars show how competitive AvaTrade’s spreads are in comparison to other popular brokers featured on BrokerNotes.

As you can see, AvaTrade's minimum spread for trading EUR/USD is 1.9 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with AvaTrade vs. similar brokers.

See all Spreads

How much does AvaTrade charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with AvaTrade at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $12. Here's a rough breakdown of the fees and how this compares against Plus500 & IG.

AvaTrade Plus500 IG
Spread from: $7.00 $6.00 $6.00
Typical overnight fee: $5.00 $9.40 $9.10
Commission: 0 0 1
Total cost of a 100k trade: $12 $15.4 $16.1
$3.40 more $4.10 more
Visit AvaTrade Visit Plus500 Visit IG

All fees/prices are for informational purposes and are subject to change. Last updated: March 31, 2018.

General Fees

  • AvaTrade doesn't charge inactivity fees
  • AvaTrade doesn't charge withdrawal fees

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$5.00
  • The rollover fee for short positions on EUR/USD is $0

Commissions

  • AvaTrade doesn't charge commission on CFD shares

What can you trade with AvaTrade?

AvaTrade offers over 250 different instruments to trade, including over 59 currency pairs. We’ve summarised all of the different types of instruments offered by AvaTrade below, along with the instruments offered by Plus500 and IG for comparison.

FX / Currencies AvaTrade Plus500 IG
# of forex pairs offered 59 61 90
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs AvaTrade Plus500 IG
# of commodities offered 16 17 34
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs AvaTrade Plus500 IG
# of Stocks offered 99 1816 8000
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See AvaTrade's Instruments See Plus500's Instruments See IG's Instruments

What's the AvaTrade trading experience like?

1) Platforms and apps

AvaTrade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

AvaTrade Screenshot See AvaTrade's Platforms

AvaTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See AvaTrade's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

AvaTrade allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker, AvaTrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, AvaTrade offer margin up to 0.05% on currencies.

Finally, we’ve listed some of the popular funding methods that AvaTrade offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Payoneer
  • Neteller

3) Client support

AvaTrade support a wide range of languages including English, Italian, German, French, Greek, and Hebrew

AvaTrade have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

4) What you’ll need to open an account with AvaTrade

As AvaTrade is regulated by Central Bank of Ireland, ASiC, FSA, FSB and BVI, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore AvaTrade’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with AvaTrade you can visit their website here.

If you’re wondering how AvaTrade works or just want to see inside their platform, we’ve recorded this short 4-minute video walking through the process of creating an account on AvaTrade.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.avatrade.com/ on March 31, 2018.