71% of retail investor accounts lose money when trading CFDs with this provider.

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AvaTrade Review

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Since its creation in 2006, AvaTrade has become a large online trading platform with approximately 200,000 registered clients completing up to 2 million trades per month totalling approximately $60 billion of trading volume.

From its base in Dublin, Ireland, AvaTrade offers a range of financial trading instruments such as indices, commodities, shares, forex, digital currency, bonds and exchange traded funds, while it also has sales centres in Tokyo, Sydney, Milan and Paris.

AvaTrade aims to offer around-the-clock multilingual support, with a number of trading platforms available, such as MetaTrader 4 and AvaTradeGo, as well as a variety of automated trading platforms including Zulu Trade among others. Its trading platform is also available for PC, mobile and tablet.

Licensed as a regulated broker in the EU, Japan, Australia, South Africa and the British Virgin Islands, AvaTrade is subject to stringent compliance requirements regarding how they handle client funds, security, and financial reporting.

Pros

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

Cons

To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, AvaTrade offers 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 has 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.

Visit AvaTrade

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

AvaTrade screenshot Open a demo account

71% of retail investor accounts lose money when trading CFDs with this provider.

What are AvaTrade's spreads & fees?

Like most brokers, AvaTrade takes 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' spreads are in comparison to other popular brokers featured on BrokerNotes.

AvaTrade
EUR/USD (Average: 0.7 pips) 1.3 pips 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) 2.0 pips 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) 1.5 pips 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 1.8 pips 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) 2.0 pips 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) 2.5 pips 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) 2.8 pips 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) 2.0 pips 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, AvaTrade’s minimum spread for trading EUR/USD is 1.3 pips - which is relatively high compared to average EUR/USD spread of 0.70 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 XTB & IG .

AvaTrade XTB IG
Spread from: $ 7.00 $ 2.00 $ 6.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 7.00 $ 2.00 $ 6.00
$5 less $1 less
Visit AvaTrade Visit XTB Visit IG

All fees/prices are for informational purposes and are subject to change.

General Fees

  • AvaTrade doesn’t charge inactivity fees*
  • AvaTrade doesn’t charge withdrawal fees*

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 XTB and IG for comparison.

FX / Currencies AvaTrade XTB IG
# of forex pairs offered 59 48 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 XTB IG
# of commodities offered 16 21 34
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs AvaTrade XTB IG
# of Stocks offered 99 1606 8000
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See AvaTrade's InstrumentsSee XTB's InstrumentsSee IG's Instruments

What’s the AvaTrade trading experience like?

1) Platforms and apps

AvaTrade is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

AvaTrade Screenshot

AvaTrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are 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
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

AvaTrade allows you to execute a minimum 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 has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

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
  • Skrill
  • Payoneer
  • Neteller

3) Client support

AvaTrade support a wide range of languages including English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch.

AvaTrade has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

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

As AvaTrade is regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE 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 01/10/2019.