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Want to see if AvaTrade is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this AvaTrade Review.

We checked all AvaTrade licenses and regulations to see if AvaTrade scam or safe. We compared AvaTrade fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.

What is AvaTrade

AvaTrade is a trusted global brand a Forex and CFD broker, established in 2006. The company license is issued by the Bank of Ireland and is regulated by several financial authorities globally including the top-tier ASIC in Australia.

AvaTrade highlights

🗺️ Regulated inIreland, Australia, South Africa, Japan, Abu Dhabi, BVI
🛡️ Is AvaTrade safe to tradeYes
💵 EUR/USD spread0.9 pips
🏦 DepositBank Wire, Cards, e-payments Skrill, WebMoney and Neteller
💰 Minimum depositUS$100
🏦 WithdrawalBank Wire, Cards, e-payments Skrill, WebMoney and Neteller
💻 Trading platformMT4, MT5, AvaTrade GO, AvaOptions
💳 Trading marketsForex, Commodity, Indices, Bonds
📈 Number of product1250+
📉 Live chat responseInstant and relevant answers

Regulation

License and regulation are the keys to traders’ fund security. We check two facts, a license broker carry and its background, and how you are protected if something goes wrong.

Is AvaTrade legit

AvaTrade is regulated by several financial authorities, firstly it operate with Bank of Ireland license and authorized by the Australia Securities and Investment Commission (ASIC), the South African Financial Sector Conduct Authority (FSCA) and FSA in Japan and Abu Dhabi FRSA.

AvaTrade licenses and status

EntityRegistered inRegulatorLicense no.Status
AvaTrade EU LtdIrelandCentral Bank of IrelandC53877Currently Regulated
Ava Capital Markets Australia Pty LtdAustraliaAustralia Securities and Investment Commission (ASIC)406684Currently Regulated
Ava Capital Markets Pty LtdSouth AfricaFinancial Sector Conduct Authority (FSCA)No.45984Currently Regulated
AvaTrade Japan K.K.JapanFinancial Services Authority Japan (JFSA)SD008Currently Regulated
Ava Trade Middle East LtdAbu DhabiFRSA, Abu Dhabi Global Markets (ADGM)No.190018Currently Regulated
AVATrade LtdBVIFinancial Services Commission BVI (FSC BVI)SIBA/L/12/1049Registered
AvaTrade Review – Bank of Ireland License
AvaTrade Review – Bank of Ireland Licensee

Is AvaTrade safe

Yes, AvaTrade is considered safe because it is regulated by the top-tier regulators and has a strong background.

AvaTrade operates through six fully legal entities, while recently introduced entity under new regulator the South African Financial Sector Conduct Authority (FSCA) expanding proposal to Africa region.

AvaTrade compensation scheme

EntityCompensation AmountNegative Balance Protection
AvaTrade EU Ltd€20,000Yes
Ava Capital Markets Australia Pty LtdNo compensationYes
Ava Capital Markets Pty LtdNo compensationYes
AvaTrade Japan K.K.No compensationYes
Ava Trade Middle East LtdNo compensationYes
AVATrade LtdNo compensationYes

We recommend you register your account with the EU entity, if it’s available for you, as we consider its regulation the best

AvaTrade operates with negative balance protection for retail customers. If the balance on your account goes negative, it will be redeemed to 0.

Markets and Products

At AvaTrade you can trade FX, Vanilla Options and CFDs on Commodities, Stocks, Indices, ETFs, Bonds and Cryptocurrencies.

Bitcoin

Cryptocurrencies at AvaTrade are widely presented, including Bitcoin and available from all AvaTrade platforms.

Ripple

Ripple is another popular Crypto available at AvaTrade together with Litecoin, Ethereum, Dash, Monero and more.

MarketsInstruments
Forex60
Indices18
Commodities17
Bonds2
Cryptocurrencies9
Shares63

Account types

AvaTrade has singe account where you can select the platform and Ava server you will use for your trading.  Islamic Account available on request.

Login

Login Account available on the website, where you gain access to you online account area with options to download platform, manage your account details or contact customer support.

AvaTrade Review – Account
AvaTrade Review – Account

Fees and commissions

We ranked AvaTrade fee levels as low based as we recall its Live Account Spread and compare to 150 brokers in our database.

The spread we collected for popular instruments from 6 markets and over 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-11.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

All AvaTrade fees are built into a spread.

Comparing the spreads charged for our test trades to industry benchmarks, we admit the spread for all offered instruments to be quite low.

MarketsInstrumentsClassicOther brokers’ avg spread
ForexEUR/USD0.91-1.5
IndicesUS 5000.250.5-1.4
CommoditiesGold0.340.5-1
StocksTesla0.13%0.6-1
ETFsUS Russell 20000.300.5-1.4
CryptocurrenciesBitcoin0.35%0.6-0.9%

Other Fees

AvaTrade has average non-trading fees. There is no fee for deposit, r withdrawals, however inactivity fee of 50$ charged after 3 consecutive months on non-use and 100$ administration fee after 12 months on inactivity.

Trading Conditions

The trading conditions at AvaTrade are good. You can deploy mostly all types of trading strategies including hedging and scalping, plus social trading and copy trading.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

For hedging, there are no time limitations for keeping hedging positions open.

For scalping, AvaTrade allows scalping and allowing to use you own choice of VPS for traders who run Expert Advisors (EAs).

Leverage

AvaTrade allows change account leverage to fit your trading needs. However, allowed levels depending on the entity, alike EU traders can use 1:30 and Australian up to 1:400.

Deposit

AvaTrade charges no deposit fees. You can use bank transfer, credit cards, e-payments such as Skrill, WebMoney and Neteller are not available to EU and Australian clients.

A bank transfer can take several business days, while payment with credit/debit cards is instant.

Deposit MethodFunding TimeFee
Bank Wire Transferup to 7 business days0$
Credit / Debit CardInstantly0$
Neteller24h0$
Skrill24h0$
WebMoney24h0$
AvaTrade Review - Deposit and withdrawal - Deposit
AvaTrade Review – Deposit and withdrawal – Deposit

Minimum Deposit

The required AvaTrade minimum deposit is $100.

Withdrawal

Similarly to deposits there is no fee for withdrawal at AvaTrade. You can use the same options for withdrawals as for deposit.

AvaTrade withdrawal process takes one or two working days, however the payment provider may add extra processing days.

Withdrawal MethodWithdrawal TimeFee
Bank Wire Transfer1-2 business daysFree
Credit / Debit Card1-2 business daysFree
Neteller1-2 business daysFree
Skrill1-2 business daysFree
WebMoney1-2 business daysFree

Bonus

AvaTrade offers from time to time a Welcome Bonus for new customers which is available in eligible countries, typically not available for the UK and EU countries.

Trading Platform

AvaTrade offers various platforms, it uses MetaTrader4 and MetaTraedr5, a third-party platforms, also developed its own AvaTrade GO and AvaOptions for Vanilla Options trading platforms.

MT4

MetaTrader 4 supporting various languages and available on operating system such as Windows, Mac, Android and IOs across all devices PCs, smartphones and tablets.

AvaTrade GO

AvaTradeGO gains our high rank as an intuitive App with easy-to-use interface and good charting tools and allowing easy trading via mobile devices.

AvaTrade Review – AvaOptions platform
AvaTrade Review – AvaOptions platform

Research and Tools

AvaTrade research and tools are widely presented trading ideas, such as AvaSocial Trading and Auto Trading via ZuluTrade and DupliTrade, AvaProtect as risk management tool, Streaming News, Trading Central and many more. Fundamental data and Daily Analysis views on YouTube is great.

AvaTrade research tools are available in different places:

  • MetaTrader trading platforms
  • AvaTradeGO platform
  • Trading info section on the website
  • AvaTrade blog
AvaTrade Review – Research – AvaProtect
AvaTrade Review – Research – AvaProtect

Education

AvaTrade delivers great educational content. You can learn via highest quality videos, tutorials, strategies, demo accounts and webinars.

We didn’t really find negative points, platform videos and all education section is well categorized.

At AvaTrade you can learn in the following ways:

  • Demo account
  • Trading videos
  • Platform tutorial videos
  • Social Trading
  • Webinars
  • Educational courses articles
AvaTrade review – Education
AvaTrade review – Education

Customer Service

AvaTrade customer service is great. We got relevant and fast answer via the Live Chat. On the downside, customer service is not available 24/7, only 24/5.

You can contact AvaTrade via:

  • Live chat
  • Telephone
  • Email
AvaTrade Review – Customer Service
AvaTrade Review – Customer Service

AvaTrade’s live chat is of fast-speed available both via your account area and website. The agents are helpful and provide relevant answers

Question AskedWe asked about withdrawal.
Time of ReplyWe were connected almost instantly to customer support representative and the replies were immediate
Quality of ReplyThe answer is accurate and relative.

Conclusion

AvaTrade is a safe broker to trade. It is a known trading brand and has a great range of trading platforms allowing to deploy almost any trading strategy. Beginning traders also can benefit from the great research tools.

AvaTrade also has many entities around the world, so you can choose which entity to open account with.

We recommend AvaTrade for beginning traders and seasoned traders who run EAs, scalping and prefer selection between platforms also with good trading costs.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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