AvaTrade Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. 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
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Comprehensive Platform Options: AvaTrade offers both MetaTrader 4 and MetaTrader 5, alongside a proprietary platform, providing traders with multiple 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.
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 - None.
- 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) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | 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 | $100 |
| Average Spread EUR/USD - Mini | 0.92 |
| Average Spread EUR/USD - Standard | 0.92 |
| All-in Cost EUR/USD - Active | 0.61 |
| Active Trader or VIP Discounts | Yes |
AvaTrade trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokersNotes, 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 platform, catering to all types of traders.
Trading platforms offered: MetaTrader 4, MetaTrader 5, and AvaTrade’s proprietary platform are all available.
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.
| Feature |
AvaTrade
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | Yes |
AvaTrade trading platform screenshots
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 | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
AvaTrade mobile app screenshots
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) | 1260 |
| Forex Pairs (Total) | 55 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | 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) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | 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.
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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).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
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 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.