AvaTrade Review Broker 2023: Features & More

Headquartered in Ireland, AvaTrade has become a well-known and well-respected broker. Is AvaTrade a reliable broker for investing?

AvaTrade Main Highlights

🚀 Minimum deposit:	100$
⚖️ Leverage:	1:30 (EU) 1:400 (Professional)
🛡️ Regulations & Licenses:	B.V.I, FSCA, JFSA, CySEC, FSC, ISA, ADGM
💵 D/W:	Visa Card, Master Card, Skrill, Neteller, Wire Transfer
💻 Trading platform:	MetaTrader 4, MetaTrader 5, Mobile App, WebTrader, AvaOptions, Avatrade Social
🌙 Islamic Account:	Yes
🔗 Main domain:	avatrade.com

A look at AvaTrade

AvaTrade, a member of the Ava Group of companies established in 2006, is a respected, heavily regulated, and award-winning forex and CFD broker with more than 300,000 traders signed up and trading amounts reaching over $70 billion monthly.

Their proprietary platform provides new and experienced traders with state-of-the-art tools, a flexible and secure trading environment, and AvaTrade CFD fees which are among the lowest in the industry.

AvaTrade, based in Dublin, Ireland, is a regulated broker with licenses from ASIC Australia, the Central Bank of Ireland, FSCA Japan, the British Virgin Islands, ADGM Middle East, FSCA South Africa, Polish Financial Supervision Authority (KNF) and Investment Industry Regulatory Organization (IIROC) Canada. Unfortunately, it does not accept traders from the United States.

AvaTrade is a well-known trading platform with an average of 3 million trades a month. It has offices in many countries, including Australia, Ireland, China, Japan, Italy, Mexico, Poland, Mongolia, and South Africa. It offers generous bonuses, competitive spreads, and diverse offerings with complete transparency to its clients. AvaTrade review from Brokers Times:

AvaTrade Account Types

What is AvaTrade’s account type?

Standard or Retail account

To open a Standard account, you only need to deposit a minimum of $100 using your debit or credit card.

Corporate account

If the trader is interested in opening a corporate account, they need to submit several documents including the certificate of incorporation, the government-issued ID of the company director, a recent utility bill, a corporate board resolution, a memorandum and articles of association.

Islamic account

Avatrade provides an Islamic account, which is free of swap fees.

Forex options account

Avatrade offers a forex options account, giving traders the option to select from over 40 currency pairs and any combination of call or put options from a single account.

Spread Betting account

AvaTrade offers different types of accounts depending on the country of origin.

Those from the British Virgin Islands, Australia, South Africa, and Japan can have a standard account and an options account. Clients from Abu Dhabi can open a retail account, options, and professional account. To open a new account, traders must first satisfy the relevant regulatory requirements. Spread betting accounts are only available to residents of the United Kingdom and Ireland.

Financial instruments by AvaTrade

Cryptocurrencies

Traders have access to maximum leverage of 20:1 to trade 9 different types of cryptocurrencies.

Forex

Access to the forex market with more than 40 currencies.

FX options

AvaTrade has revolutionized the process of trading options by making them available for traders of all levels. Their innovative options trading platform simplifies vanilla options and presents a range of new possibilities.

Stocks, Bonds, Indices, Commodities & ETFs

AvaTrade customers benefit from high leverage and are competitively priced when trading financial instruments.

Avatrade Trading platforms

AvaTrade review for trading platforms:

WebTrader

The WebTrader platform at AvaTrade grants traders an effortless and easy trading experience using a sophisticated interface, which can be accessed directly from an internet browser. Users do not need to install or download anything as long as they have a stable internet connection, allowing them to trade forex from any location.

The platform offers a variety of features, such as Trading Central, a tool providing instant pattern recognition and technical insights. And it is integrated with AvaProtect, a risk management tool that helps traders to protect their trades from potential losses, as well as take profit and stop-loss settings. So users can also view charts and their trading history, as well as open and close positions with the click of a mouse.

MetaTrader 4

MetaTrader is a third-party trading software and it is highly popular among traders. It provides users with an excellent user experience and several features. AvaTrade offers two versions of the platform, MT4, and MT5, which can be accessed on desktop, web, and mobile trading platforms. And regardless of the trading platform chosen, both versions offer a great trading experience.

The software runs smoothly and quickly, allowing traders to take advantage of even the fastest-moving markets. It is equipped with powerful trading technologies and analytical tools to enable the execution of complex strategies.

MetaTrader 5

AvaTrade provides MT5, a cutting-edge trading platform, to facilitate the trading of numerous asset classes, including cryptocurrencies. This multi-asset platform offers traders a more efficient and intuitive experience. As per our AvaTrade review, MT4 and MT5 are available with backtesting capabilities.

The biggest advantage of MT5 over MT4 is that it’s tailored to meet the needs of US markets, as well as non-forex trading activities. It allows investors to place market orders from any location. And AvaTrade also gives traders access to competitive pricing and an environment free of dealing desks.

The MetaTrader 5 platform provided by AvaTrade has a fully integrated economic calendar, enabling traders to access data from the past, schedules for upcoming news releases, market consensus, educational videos, and more.

This platform also facilitates easy fund transfers for traders, providing them with flexibility and convenience. So, traders can use a graphical representation of bid and offer prices to observe market movements and make informed decisions when trading futures, options, bonds, forex, algorithmic trading, and CFD.

AvaOptions

AvaTrade provides customers the opportunity to engage in options trading with the use of its desktop trading platform, AvaOptions.

This platform provides traders with a variety of options, including the ability to construct a portfolio, select from more than 40 currency pairs, and receive rewards. And, AvaOptions includes portfolio simulations and risk management tools designed to be used by professionals.

AvaTradeGO mobile trading app

AvaTradeGO was acknowledged as the premier Forex Trading App of 2020. The app provides a secure platform for traders to reduce their risk and take advantage of market trends. AvaTradeGO is an exclusive app from AvaTrade, with user-friendly features and social trading monitoring.

Reviews from users demonstrate a favorable experience with AvaTradeGO, with its notifications, price alerts, and charting features giving traders a better understanding of the financial markets. AvaTrade, who are a broker and not market makers, provide this app to their customers.

Automated trading

AvaTrade suggests utilizing automated copy trading programs such as ZuluTrade, DupliTrade (which boasts an above-average educational section), and MQL5. By leveraging these platforms, traders can imitate the trades of more accomplished traders. For experienced traders, AvaTrade provides a variety of auto trading products, as well as professional advice from industry specialists.

MAC trading

AvaTrade provides a variety of trading options that can be accessed on both desktop and mobile devices. Mac users have the convenience of trading a variety of assets on the MetaTrader 4, MetaTrader 5, and WebTrader platforms. The range of currency and stock trades can be completed at any time and from any location.

This platform is tailored for Mac users and offers an easy-to-use interface with a variety of order types and charting options. And it also gives traders access to trading strategies for maximum efficiency.

Mobile trading platform

The AvaTrade review about the AvaTradeGO mobile application: The AvaTradeGO provides users with numerous advantageous features of MetaTrader 4.

This app contains helpful elements like a straightforward dashboard, social trading, notifications, deposit bonus, and more. With the help of this, traders can configure their watchlists, receive notifications, view live prices, and look at technical charts.

AvaTradeGO mobile app is available on both android and ios devices.

AvaTrade withdrawal fees

To remove funds from an AvaTrade account, traders must ensure their account has been verified and confirmed.

AvaTrade review shows that AvaTrade does not charge a withdrawal fee, yet they must comply with KYC (Know Your Customer) protocols as mandated by regulatory authorities. This process verifies the trader’s identity and ensures that no fraudulent activities are taking place.

According to our AvaTrade review, the withdrawal process generally takes 1 to 2 business days. This broker is regulated by international anti-money laundering regulations.

The conversion fee varies depending on the base currency, payment provider, and receiving currency.

AvaTrade deposit fees

One can begin trading with AvaTrade without payment of a deposit fee by placing funds into a trading account. Because of that, deposits can be conducted using a variety of methods, such as credit/debit cards, e-wallets (Skrill, WebMoney, Perfect Money, Neteller), and bank transfers, with the processing time depending on the method chosen.

Recently, the minimum deposit requirement to open a live trading account has been reduced by a lot of brokers, and AvaTrade has a minimum deposit of $100. And AvaTrade offers four main base currencies: USD, EUR, GBP, and AUD. Bank transfers may take up to 10 business days to complete.

AvaTrade’s Regulations and Licenses

• Ava Trade EU Ltd is regulated by the Central Bank of Ireland – No.C53877

• Ava Trade Middle East Ltd is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018)

• Ava Capital Markets Australia Pty Ltd is regulated ASIC (Australian Securities and Investment Commission) – No.406684

• Ava Trade Ltd is regulated by the B.V.I. Financial Services Commission

• Ava Capital Markets Pty is regulated in South Africa by the South African Financial Sector Conduct Authority (FSCA NO.45984)

• Ava Trade Japan K .K. is licensed and regulated in Japan by the Financial services agency (License No.1662), the financial futures association of Japan (License No.1574)

AvaTrade Academy

AvaTrade review about the academy:

Progress through courses on different trading topics, answer quizzes after each level to evaluate your understanding and use a real-time trading simulator to practice the newly acquired knowledge.

AvaTrade provides a comprehensive academy for trading which includes instructional material in the form of videos, pictures, and articles to enable new traders to learn the necessary skills for trading:

• Forex trading courses.
• Stocks trading courses.
• Commodities trading courses.
• Market indices and ETFs.
• Crypto trading courses.

The AvaTrade Academy is a popular resource for novice traders due to its user-friendly content and extensive coverage of questions that are asked before, and after, commencing trading.

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