AvaTrade Review 2023
AvaTrade is a leading Forex and CFD broker committed to its core values of integrity, innovation, and empowering people to trade with confidence. AvaTrade was established in 2006 with the vision of making the trading world accessible to everyone, anytime and everywhere.
AvaTrade stands at the forefront of regulated brokers, subjected to strict regulation around the world. Its global spread has reached hundreds of thousands of clients in over 150 countries, and more than 250 employees in local offices worldwide.
AvaTrade’s clients enjoy an array of top notch services, a variety of instruments and flexible trading terms and conditions, in an advanced and safe trading environment.
Well-regulated and reputation as an honest dealing desk broker- Multilingual customer support in 38 countries around the world
- Servers strategically located worldwide for fast order execution
- Access to third party copy trading platforms
Only offers one type of account - not adequate for different trading styles- Demo account expiresafter a 21-day period
- Company Info
- Swap Comparison
- Volume Comparison
| Headquarters | Dublin, Ireland |
| Type of Broker | Market Maker |
| Founded | 2006 |
| Regulated By | Regulated By ASIC (Australia), CBI (Ireland), FSA (Japan), BVIFSC (British Virgin Islands), FSB (south Africa) |
| Offices In | Australia, Chile, China, Dubai, France, Italy, Japan, Mongolia, Nigeria, Panama, South Africa, Spain |
| Supported Languages | Arabic, Chinese, Dutch, English, French, German, Hindu, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Spanish |
| ESMA Regulation ? | This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
Typical Spread on Majors - Live
| EUR/USD | 1.9 |
| GBP/USD | 2.4 |
| USD/JPY | 2.0 |
Order Excution Tests Results - Live
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AvaTrade Server Location: , |
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Our Client Terminal Location: St. Louis, United States |
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Average Time (ms) |
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Server Response |
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Order Excution (Normal Hours) |
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Order Excution (During News) |
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Review Sections
AvaTrade started its journey as a Forex broker back in 2006. Since inception, it had the vision to empower ordinary people to trade and invest by giving them access to world-class trading facilities.
AvaTrade has its headquarters in Ireland, but its operation in Australia is run from Level 13 2 park street, Sydney 2000, New South Wales. Over the last 14 years, the company has grown exponentially and now has offices in nine countries around the world, including China, Chile, Italy, Japan, and South Africa.
As a true global leader in Forex and CFDs trading, AvaTrade accepts clients from all over the world, except the United States and Iran.
AvaTrade has gained the trust of over 200,000 registered clients worldwide and currently, it facilitates over $60 billion in trading volume per month. The management of the company is comprised of banking sector veterans who bring combined experience from companies like Morgan Stanley, PricewaterhouseCoopers, Citco Bank Nederland N.V, and Allied Irish Bank.
AvaTrade has been at the forefront of leading trading innovations and we found some unique services from the company that help them stand out in an industry that has fierce competition.
Regardless if you are a novice trader or have years of experience under the belt, you will likely find AvaTrade trading platforms to be adaptive to your needs. Also, the services of AvaTrade have been structured to meet the needs of both sophisticated and professional investors as well as someone who is just starting out.
Regulation and Safety of Funds
AvaTrade takes regulatory oversight very seriously and has volunteered to be regulated by several government agencies in over five jurisdictions. Its European clients register with AVA Trade EU Ltd, which is regulated by the Central Bank of Ireland. Clients opening accounts with its subsidiary in the British Virgin Islands register with AVA Trade Ltd, which is regulated by the B.V.I Financial Services Commission. Clients in Australia fall under its subsidiary called Ava Capital Markets Australia Pty Ltd and it is regulated by the Australian Securities and Investments Commission (ASIC). Its subsidiary in South Africa is called Ava Capital Markets Pty and it is regulated by the South African Financial Sector Conduct Authority (FSCA). Finally, the Ava Trade Japan K.K. is a Japanese subsidiary and it complies with regulation set by the FSA (No.1662) and the FFAJ (No.1574).
Almost all of these regulatory authorities require AvaTrade to keep client funds in segregated accounts in top tier banks in their respective countries. It means that regardless of where you open your account with AvaTrade, your deposits will be kept separate from its operational funds.
A quick comparison accounts offered by AvaTrade
AvaTrade has a fairly unique position in the Forex brokerage industry as it only offers a single type of live account to customers. While most brokers cater their trading services to different segments of customers, AvaTrade keeps it simple by combining all the services into a single account.
Depending on which subsidiary you are trading with some features will vary greatly. For example, while Ava Trade EU Ltd, the Irish main branch, allows spread betting products, Ava Trade Ltd, regulated by the B.V.I Financial Services Commission, does not allow it. But it does allow leverage up to 400:1 for Forex pairs. By contrast, the clients opening accounts with the Irish main company will only get to enjoy up to 30:1 leverage - keeping in line with ESMA regulations.
AvaTrade offers accounts in different base currency denominations, including the U.S. Dollar and the Euro. Customers from Australia are allowed to open accounts in Australian Dollar denomination and customers from the United Kingdom can also open accounts in the British Pound. But European customers cannot open an Australian Dollar or Pound denominated accounts. The minimum deposit for opening a real account with AvaTrade is always $100 U.S. Dollar or equivalent in the respective currencies.
At the time of writing this review, AvaTrade supported over 55 currency pairs for trading. Besides Forex, AvaTrade customers can also trade over 10 cryptocurrencies, including Bitcoin, Litecoin, and Ethereum. AvaTrade also offers a range of CFDs, including commodities like Gold and Silver, Stocks, Stock indices, various Bonds, and other commodities.
Keep in mind that AvaTrade is a dealing desk broker and does not provide ECN trading services. Hence, it charges spreads as fees to cover the cost of doing business. We found AvaTrade spreads to be reasonable as a standard account provider. For example, the typical spread on EUR/USD was listed at 0.9 pips, and it went as high as 2.5 pips for GBP/JPY.
When it comes to the range of services, AvaTrade has proven itself to be at the forefront of technological innovation. Compared to other brokers offering Forex trading services, we found services of AvaTrade to be at the cutting edge of what a broker can offer.
While most traders outsource their software to third-party companies like MetaQuote or Spotware Systems, AvaTrade has invested to bring some unique technology to its customers. For example, the AvaTrade app allows clients to trade and experience a modern dashboard, coupled with a set of intuitive management tools, and clear charts, all within the app.
Another great and inovative offering is the AvaProtect feature that lets traders purchase protection and define its duration. With AvaProtect, you can buy a kind of insurance for all of your trades and as long as the protection period is valid, even if the market moves against your position, you will not lose any money on the trades! The AvaProtect service is one of a kind in the Forex brokerage industry and could prove to be a lifesaver for beginner traders because AvaTrade will reimburse you for losing trades when the protected period ends.
Besides the live account, AvaTrade also helps traders to test their strategies by offering a free demo account that lasts for a 21-day period. However, the DupliTrade platform offers a free 30-day automated demo trading account.
AvaTrade has introduced several trading platforms for Forex and CFD trading. Traders who want to conduct discretionary trading will find familiar software like MetaTrader 4 and 5 that allows incorporating a vast number of technical indicators for customized technical analysis.
MetaTrader is one of the most popular Forex trading platforms in the world. It brings robust technical analysis capabilities, giving traders the ability to draw trend lines, Fibonacci levels, and adding multiple technical indicators to their charts. Besides discretionary technical analysis, AvaTrade MetaTrader 4 and 5 software comes with advanced coding capabilities with the incorporation of MQL programming language. With it, you can run custom-built algorithms for automated trading.
AvaTrade also brings a WebTrader option to its clients. With WebTrader, you can access your MetaTrader account using any modern browser and trade from anywhere without having to install and regularly update the platform on your personal computer.
If you do not have access to a computer, no problem! AvaTrade offers Smartphone and tablet apps for both Android and iOS platforms. With the AvaTrade apps, you can trade on the go from anywhere in the world as long as you have your phone and access to the internet. We found AvaTrade to be robust enough to conduct advanced technical analysis and very reliable.
Besides MetaTrader, AvaTrade also offers two copy trading platforms to automate your trading, DupliTrade, and ZuluTrade. Both platforms complement MetaTrader by allowing you to connect your account to different copy traders. What copy trading basically means that you can analyze the performance of various other traders and duplicate their trades in your account. This way, if the traders you are following are profitable, their trades get copied to your account and you also make profits. Copy-trading has become extremely popular as it allows traders to simply follow other profitable traders without investing too much time and effort to build their own strategies.
AvaTrade hosts its MetaTrader servers in three key locations United States, United Kingdom, and the Netherlands. We found their servers to be responsive and order executions were efficient. However, being a dealing desk broker, we found that AvaTrade lagged during fast-moving market conditions, especially during high impact news releases. If you have a scalping strategy that leverages highly volatile market conditions, AvaTrade may not be the right broker for your needs.
AvaTrade differentiates its services from other Forex brokers by offering top of the line customer support. We found that AvaTrade lists 38 phone numbers in different countries in 7 regions that cover the bulk of their clients. We were also happy to see that AvaTrade has invested in training support staff in these different geographical locations to provide customer support in different languages.
AvaTrade’s website can be accessed in 29 languages and it offers one of the highest numbers of multilingual support among Forex brokers in the world.
Also, if you are not located in any of these 38 countries with dedicated phone support staff, you can always call their International support number at +353766705834, which is based in Ireland.
AvaTrade customers can also reach them via email with a hosted customer support form on the contact page. Besides email and phone support, you can also have a quick chat with customer support agents on the website.
During our research for this review, we found the AvaTrade support staff to be friendly and knowledgeable about Forex related topics.
Based on our criteria, we gave the following ratings to their customer service:
AvaTrade supports a wide range of deposit and withdrawal methods, including major debit and credit cards, wire transfers, and various e-payments such as Skrill, WebMoney, and Neteller. While all AvaTrade customers can make deposits and withdrawals using major credit cards, clients in Canada are currently permitted to use this method.
Also, to comply with anti-money laundering laws in different countries, AvaTrade requires that you withdraw profits using the same deposit method. For example, if you made a $200 deposit into your account using a credit card, AvaTrade requires that you withdraw the first $200 profit as a refund first. The remaining balance can be sent to you using any of the other supported payment systems.
We found the AvaTrade withdrawal time frame to be rather long compared to other brokers. While some brokers offer almost instantaneous withdrawals, it can take one or two business days for AvaTrade to process withdrawal requests. Moreover, if you deposit using wire transfer, it might take up to 10 business days for your deposit to show up in your trading account, which we found not very impressive in 2020.
AvaTrade is currently offering a 20% deposit bonus for new account holders. However, to be eligible for this promotional offer, you need to make a minimum deposit of $1,000. It means that if you deposit $10,000, you can earn up to $2,000 just in bonuses!
AvaTrade has a nice deposit bonus calculator on its website that easily helps you figure out how much bonus can you earn from your deposits.
AvaTrade has been in the industry for a long time and earned the reputation of being an honest dealing desk broker. Over the last few years, it has faced stiff competition from newer ECN brokers who are offering faster order executions and more transparent pricing models to customers.
However, AvaTrade has positioned itself to serve a few segments of the Forex brokerage market and they are comfortable being a market leader in those segments. For example, by not offering ECN Forex accounts to traders, it can fully concentrate on providing fringe services like the AvaProtect and offer clients access to copy trading platforms like ZuluTrade and DupliTrade that other brokers do not.
AvaTrade is not competing to provide the fastest order execution or the lowest spreads. In fact, we found the spreads to be rather high compared to other brokers who offer direct market access via top tier liquidity providers. Instead, AvaTrade caters to its service to meet the requirements of discretionary traders who want a broker that offers the best in class customer support.
If you want to trade with a regulated broker that takes helping customers seriously, AvaTrade would be a good company to consider. Also, with the current promotion of a 20% deposit bonus, it remains an attractive option for beginner traders.
AvaTrade Reviews
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| Currencies Swap | |||
|---|---|---|---|
| Short | Long |
Type
| |
| Swap Chart for EURUSD for different FX Brokers |
|---|
| Change Currency | ||||
|---|---|---|---|---|
| Volume | ||||
| AUDCAD | 86 | |||
| AUDCHF | 72 | |||
| AUDJPY | 89 | |||
| AUDNZD | 36 | |||
| AUDUSD | 39 | |||
| CADCHF | 22 | |||
| CADJPY | 91 | |||
| CHFJPY | 150 | |||
| EURAUD | 91 | |||
| EURCAD | 18 | |||
| EURCHF | 29 | |||
| EURDKK | 4 | |||
| EURGBP | 5 | |||
| EURHUF | 13 | |||
| EURJPY | 25 | |||
| EURNOK | 12 | |||
| EURNZD | 56 | |||
| EURPLN | 2 | |||
| EURSEK | 18 | |||
| EURTRY | 1 | |||
| EURUSD | 22 | |||
| GBPAUD | 27 | |||
| GBPCAD | 19 | |||
| GBPCHF | 36 | |||
| GBPJPY | 68 | |||
| GBPNZD | 77 | |||
| GBPSEK | 17 | |||
| GBPUSD | 13 | |||
| NZDCAD | 53 | |||
| NZDCHF | 18 | |||
| NZDJPY | 98 | |||
| NZDUSD | 32 | |||
| USDCAD | 56 | |||
| USDCHF | 22 | |||
| USDCNY | 7 | |||
| USDDKK | 21 | |||
| USDHKD | 8 | |||
| USDHUF | 13 | |||
| USDJPY | 35 | |||
| USDNOK | 18 | |||
| USDPLN | 6 | |||
| USDRUB | 1 | |||
| USDSEK | 42 | |||
| USDSGD | 38 | |||
| USDTRY | 32 | |||
| BTCUSD | 88 | |||
| BCHUSD | 101 | |||
| ETHUSD | 119 | |||
| XRPUSD | 30 | |||
| LTCUSD | 36 | |||
| Volume Chart |
|---|
- Company Info
- Swap Comparison
- Volume Comparison
| Headquarters | Dublin, Ireland |
| Type of Broker | Market Maker |
| Founded | 2006 |
| Regulated By | Regulated By ASIC (Australia), CBI (Ireland), FSA (Japan), BVIFSC (British Virgin Islands), FSB (south Africa) |
| Offices In | Australia, Chile, China, Dubai, France, Italy, Japan, Mongolia, Nigeria, Panama, South Africa, Spain |
| Supported Languages | Arabic, Chinese, Dutch, English, French, German, Hindu, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Spanish |
| ESMA Regulation ? | This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
| Currencies Swap | |||
|---|---|---|---|
| Short | Long |
Type
| |
| Swap Chart for EURUSD for different FX Brokers |
|---|
| Change Currency | ||||
|---|---|---|---|---|
| Volume | ||||
| AUDCAD | 86 | |||
| AUDCHF | 72 | |||
| AUDJPY | 89 | |||
| AUDNZD | 36 | |||
| AUDUSD | 39 | |||
| CADCHF | 22 | |||
| CADJPY | 91 | |||
| CHFJPY | 150 | |||
| EURAUD | 91 | |||
| EURCAD | 18 | |||
| EURCHF | 29 | |||
| EURDKK | 4 | |||
| EURGBP | 5 | |||
| EURHUF | 13 | |||
| EURJPY | 25 | |||
| EURNOK | 12 | |||
| EURNZD | 56 | |||
| EURPLN | 2 | |||
| EURSEK | 18 | |||
| EURTRY | 1 | |||
| EURUSD | 22 | |||
| GBPAUD | 27 | |||
| GBPCAD | 19 | |||
| GBPCHF | 36 | |||
| GBPJPY | 68 | |||
| GBPNZD | 77 | |||
| GBPSEK | 17 | |||
| GBPUSD | 13 | |||
| NZDCAD | 53 | |||
| NZDCHF | 18 | |||
| NZDJPY | 98 | |||
| NZDUSD | 32 | |||
| USDCAD | 56 | |||
| USDCHF | 22 | |||
| USDCNY | 7 | |||
| USDDKK | 21 | |||
| USDHKD | 8 | |||
| USDHUF | 13 | |||
| USDJPY | 35 | |||
| USDNOK | 18 | |||
| USDPLN | 6 | |||
| USDRUB | 1 | |||
| USDSEK | 42 | |||
| USDSGD | 38 | |||
| USDTRY | 32 | |||
| BTCUSD | 88 | |||
| BCHUSD | 101 | |||
| ETHUSD | 119 | |||
| XRPUSD | 30 | |||
| LTCUSD | 36 | |||
| Volume Chart |
|---|
- Account Details
| Account Currencies | GBP, USD, EUR, JPY.AUD |
| Minimum Deposit | $100 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Muslim Faith Only |
| ECN / STP Accounts Offered | No |
| Commission on STP or ECN | 0 |
| VIP Accounts Offered | Yes |
| VIP Account Requirements | $50,000 Minimum Deposit |
| Mini Accounts Offered | No |
| PAMM / MAM Solutions | Yes |
| API Solutions | Yes |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal, Webmoney |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal, Webmoney |
- Platform Details
| Platforms Offered | ActTrader, ActTrader Mobile, MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS, WebTrader, Mirror Trader, RoboX, AvaOptions, ZuluTrade, DupliTrade, AvaTradeGO, |
| NO of Pairs | 60 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | Yes |
| Trading Server Time | GMT + 0 |
| Demo Account Expiry | 3 Weeks |
| VPS Offered | No |
- Trading Details
| Dealing Desk | Yes |
| Maximum Leverage | 400:1 |
| Minimum Contract Size | 0.01 |
| Execution | Instant Execution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Option of OCO | Yes |
| Option of FIFO | No |
| Liquidity Providers | 25+ |
| Negative Balance Protection | Yes |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Oil | Yes |
| Stocks | Yes |
| Futures | Yes |
| Indices | Yes |
| EFT's | Yes |
| Spread Betting | Yes |
- Currencies Swap
| Short | Long | Type  |
|
| AUDCAD | -0.80 | -2.32 | 2 |
| AUDCHF | -4.14 | 0.90 | 2 |
| AUDJPY | -6.15 | 2.17 | 2 |
| AUDNZD | -1.00 | -2.66 | 2 |
| AUDUSD | -0.09 | -2.49 | 2 |
| CADCHF | -4.68 | 1.88 | 2 |
| CADJPY | -6.69 | 2.65 | 2 |
| CHFJPY | -3.47 | 0.19 | 2 |
| EURAUD | -1.36 | -1.82 | 2 |
| EURCAD | -0.38 | -2.36 | 2 |
| EURCHF | -3.72 | 0.86 | 2 |
| EURDKK | -1.88 | -1.24 | 2 |
| EURGBP | -0.06 | -2.73 | 2 |
| EURHUF | 3.10 | -11.34 | 2 |
| EURJPY | -5.73 | 2.14 | 2 |
| EURNOK | -1.21 | -1.85 | 2 |
| EURNZD | -0.58 | -2.70 | 2 |
| EURPLN | -0.49 | -4.26 | 2 |
| EURSEK | -1.63 | -1.49 | 2 |
| EURTRY | 1.66 | -35.87 | 2 |
| EURUSD | 0.34 | -2.53 | 2 |
| GBPAUD | -2.69 | -0.49 | 2 |
| GBPCAD | -1.71 | -1.02 | 2 |
| GBPCHF | -5.05 | 2.20 | 2 |
| GBPJPY | -7.06 | 3.08 | 2 |
| GBPNZD | -1.91 | -1.36 | 2 |
| GBPSEK | -3.38 | 0.00 | 2 |
| GBPUSD | -0.99 | -1.20 | 2 |
| NZDCAD | -1.68 | -1.54 | 2 |
| NZDCHF | -5.02 | 1.68 | 2 |
| NZDJPY | -7.03 | 2.83 | 2 |
| NZDUSD | -0.97 | -1.72 | 2 |
| USDCAD | -1.52 | -0.63 | 2 |
| USDCHF | -4.86 | 1.82 | 2 |
| USDCNY | -5.16 | 0.00 | 2 |
| USDDKK | -3.32 | 0.19 | 2 |
| USDHKD | 0.00 | 0.00 | 2 |
| USDHUF | 1.67 | -9.91 | 2 |
| USDJPY | -6.87 | 2.55 | 2 |
| USDNOK | -2.65 | -0.42 | 2 |
| USDPLN | -1.93 | -2.83 | 2 |
| USDRUB | -2.57 | -0.13 | 2 |
| USDSEK | -3.07 | -0.06 | 2 |
| USDSGD | -3.46 | -0.23 | 2 |
| USDTRY | 1.59 | -34.44 | 2 |
| BTCUSD | -7.50 | -18.00 | 2 |
| BCHUSD | -7.50 | -30.00 | 2 |
| ETHUSD | -7.50 | -24.00 | 2 |
| XRPUSD | -7.50 | -30.00 | 2 |
| LTCUSD | -7.50 | -30.00 | 2 | Compare Swap rates from other Brokers |
