Founded
Exchange fee
Max. Leverage
Type
Trading Platform
2006
0.5%
1:400
2
MT4 MT5 Web Trader & more

Ava Trade Broker

Who is AvaTrade?

AvaTrade is a regulated broker offering online trading, including copy trading and mobile trading, as well as research and education. It was established in 2006 and is regulated by ASIC, B.V.I., FSA, FFAJ, SAFSCA and FSRA.

It provides trading on MetaTrader and copy trading with ZuluTrade and DupliTrade.

In terms of financial instruments, Avatrade offers a range of assets including Forex, Cryptocurrencies, Options and Indices, Bonds, Stocks, ETFs & Commodities. Forex includes
more than 50 currency pairs, with majors, minors, and many exotics available 24/7. Competitive spreads go as low as 0.8 pips and leverage up to 400:1. Their cryptocurrency offering includes Ripple, Ethereum, Bitcoin and Bitcoin cash. Very competitive spreads and high leverage is offered when trading indices, bonds, stocks, ETFs & commodities. Options trading is available for all traders through the AvaOptions platform.

Commissions and Fees

For forex trading, AvaTrade does not have any commissions and gets paid through the bid-ask spread. The broker charges inactivity fees of $50 for 3 consecutive months. Spreads are around 0.9 pips, and for professional traders can go as low as 0.6 pips.

Trading Accounts

AvaTrade offers professional trading accounts and Islamic trading accounts. In general, it offers two basic account types: a standard account, which can be opened with $100, and a demo account. Clients can deposit funds via various payment methods including: credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and E-Wallets (Paypal, Skrill, NETELLER and WebMoney). Similarly, they can withdraw funds via the same payment methods. The fastest withdrawal method is AvaTrade’s Debit Mastercard. Withdrawals are processed within 1 business day, but it may take longer to receive the payment. For Credit/Debit Cards, it can be up to 5 business days.

Trading Platforms

Ava Trade has a range of trading platforms to suit different trading profiles including WebTrader, AvaTradeGo for mobile trading, MetaTrader 4 and MetaTrader 5, AvaOptions, ZuluTrade and DupliTrade which traders can access via WebTrader.

MetaTrader offers access to 800 financial instruments, while the WebTrader to only 200.

AvaTrade’s Copy trading platforms can be compared to those of eToro.

AvaTrade’s more complex platform, AvaOptions, for desktop and mobile, is tailored for professional traders, and you will need a minimum deposit of $1k.

Education and Research

From YouTube daily market analysis videos to third-party provider Trading Central, AvaTrade offers a good range of research materials.  They do offer educational content from their in-house team with articles on beginners and advanced traders. They also provide tutorials, glossaries, and EBooks.

About AvaTrade

Ava Trade was founded in 2006 and has 200 thousand clients and 11 offices across the world. The broker is headquartered in Ireland and offers online trading in spot forex and forex options, CFDs and cryptocurrencies. In Canada, AvaTrade provides services though Friedberg Direct.

AVA Trade EU Ltd is regulated by the Central Bank of Ireland, Ava Capital Markets Australia Pty Ltd by ASIC, Ava Capital Markets Pty by the South African Financial Sector Conduct Authority (FSCA ) and
Ava Trade Japan K.K. in Japan by the FSA (No.1662) and the FFAJ (No.1574).

AvaTrade’s customer support consists of live chat, email, FAQ page, social media, fax and telephone support in multiple languages.

Top 3 Online Brokers

Min. $100
Deposit

Terms & Conditions apply

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Min. $5
Deposit

Terms & Conditions apply

avatrade-logo-sm

Min. $100
Deposit

Terms & Conditions apply

Pros

It is considered good for its platform range and its education for beginners. AvaTrade also has automated trading software for day trading and also offers free trading courses.

Cons

Limited instruments and average pricing position the broker alongside most brokerages.