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.
|🗺️ Regulated in||Ireland, Australia, South Africa, Japan, Abu Dhabi, BVI|
|🛡️ Is AvaTrade safe to trade||Yes|
|💵 EUR/USD spread||0.9 pips|
|🏦 Deposit||Bank Wire, Cards, e-payments Skrill, WebMoney and Neteller|
|💰 Minimum deposit||US$100|
|🏦 Withdrawal||Bank Wire, Cards, e-payments Skrill, WebMoney and Neteller|
|💻 Trading platform||MT4, MT5, AvaTrade GO, AvaOptions|
|💳 Trading markets||Forex, Commodity, Indices, Bonds|
|📈 Number of product||1250+|
|📉 Live chat response||Instant and relevant answers|
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
|Entity||Registered in||Regulator||License no.||Status|
|AvaTrade EU Ltd||Ireland||Central Bank of Ireland||C53877||Currently Regulated|
|Ava Capital Markets Australia Pty Ltd||Australia||Australia Securities and Investment Commission (ASIC)||406684||Currently Regulated|
|Ava Capital Markets Pty Ltd||South Africa||Financial Sector Conduct Authority (FSCA)||No.45984||Currently Regulated|
|AvaTrade Japan K.K.||Japan||Financial Services Authority Japan (JFSA)||SD008||Currently Regulated|
|Ava Trade Middle East Ltd||Abu Dhabi||FRSA, Abu Dhabi Global Markets (ADGM)||No.190018||Currently Regulated|
|AVATrade Ltd||BVI||Financial Services Commission BVI (FSC BVI)||SIBA/L/12/1049||Registered|
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
|Entity||Compensation Amount||Negative Balance Protection|
|AvaTrade EU Ltd||€20,000||Yes|
|Ava Capital Markets Australia Pty Ltd||No compensation||Yes|
|Ava Capital Markets Pty Ltd||No compensation||Yes|
|AvaTrade Japan K.K.||No compensation||Yes|
|Ava Trade Middle East Ltd||No compensation||Yes|
|AVATrade Ltd||No compensation||Yes|
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.
Cryptocurrencies at AvaTrade are widely presented, including Bitcoin and available from all AvaTrade platforms.
Ripple is another popular Crypto available at AvaTrade together with Litecoin, Ethereum, Dash, Monero and more.
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 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.
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
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-1||1.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
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.
|Markets||Instruments||Classic||Other brokers’ avg spread|
|ETFs||US Russell 2000||0.30||0.5-1.4|
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.
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.
|Change Leverage Allowed||Yes|
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).
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.
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 Method||Funding Time||Fee|
|Bank Wire Transfer||up to 7 business days||0$|
|Credit / Debit Card||Instantly||0$|
The required AvaTrade minimum deposit is $100.
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 Method||Withdrawal Time||Fee|
|Bank Wire Transfer||1-2 business days||Free|
|Credit / Debit Card||1-2 business days||Free|
|Neteller||1-2 business days||Free|
|Skrill||1-2 business days||Free|
|WebMoney||1-2 business days||Free|
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.
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.
MetaTrader 4 supporting various languages and available on operating system such as Windows, Mac, Android and IOs across all devices PCs, smartphones and tablets.
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.
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 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
- Educational courses articles
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
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 Asked||We asked about withdrawal.|
|Time of Reply||We were connected almost instantly to customer support representative and the replies were immediate|
|Quality of Reply||The answer is accurate and relative.|
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
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.