Avatrade Review 2020

avatrade review

Here is long awaited and brutally honest Avatrade review.

 

Overall Rating:

4.65

Trading Costs, Spreads 4.5
Trading platforms (MT4.MT5) 4.8
Customer support 4.8
Trading experience 4.5
Education for traders 4.5
Automated trading 4.8


Pros

  • Fixed Spreads
  • MT4 /MT5 / Mobile apps
  • Fast trade execution
  • Excellent reputation ~300k clients
  • Automated trading !!

Cons

  • No real stocks available
  • Not available for USA traders
  • No bonuses

 

Visit Avatrade.com

 

Introduction

Established in 2006 and with more than 300k happy traders from 160 countries, the Dublin based broker AvaTrade is one of the market leaders across the Globe. Each month it manages to execute more than 2 million trades with a volume of around 50 billion Euros. The company founders are all former exchange traders, who brought in a corresponding know-how.

Avatrade regulation & licenses

 

  • European Union

Ava Trade Ltd is a registered financial services company in the British Virgin Islands and is fully licensed and regulated by the British Virgin Islands Financial Services Commission (No. SIBA/L/13/1049). The B.V.I Financial Services Commission is the Territory’s single financial services Regulator responsible for authorising and licensing companies or persons to conduct financial services business.

  • Polish Branch

AVA Trade EU Ltd operates a Polish Branch under the AvaTrade EU authorization, which has been approved by the Polish Financial Supervision Authority. (https://www.knf.gov.pl/en/ENTITIES#693023)

  • Australia

Ava Capital Markets Australia Pty Ltd is licensed in Australia by the Australian Securities & Investments Commission (License No.: 406684). The ASIC is Australia’s corporate, markets and financial services regulator and is responsible for ensuring its financial markets are fair and transparent. Australian license and regulation applies to Australian residents only (ASIC REGULATORY GUIDE 227)

  • International (B.V.I)

Ava Trade Ltd is a registered financial services company in the British Virgin Islands and is fully licensed and regulated by the British Virgin Islands Financial Services Commission (No. SIBA/L/13/1049). The B.V.I Financial Services Commission is the Territory’s single financial services Regulator responsible for authorising and licensing companies or persons to conduct financial services business.

  • Japan

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).

  • South Africa

As of 2016, AvaTrade is part of the South African market under the name ‘Ava Capital Markets Pty Ltd’. Regulated by South African Financial Sector Conduct Authority (FSCA No.45984).

  • Middle East

ADGM’s Financial Services Regulatory Authority was established to advocate a progressive financial services environment and uphold the integrity of the whole international financial centre by managing any potential risks exposure and undesirable impact.

FSRA’s policies and the adherence to ADGM’s rules and regulations, which are modelled on and consistent with internationally recognised standards, ensure that financial entities operate with certainty, market participants thrive in an equal level-playing environment, and the best interests of investors are safeguarded.

  • Regulated by ISA (Israel Securities Association)
  • A collaboration with the leading Canadian broker Friedberg Direct, a division of Friedberg Mercantile Group Ltd. to make possible and further enhance our offering to clients in Canada. In general terms, this collaboration allows Canadian residents to utilise AvaTrade’s platforms and technology while maintaining their account with a Canadian regulated broker.

The funds are being kept separate (in segregated bank accounts) from the company assets, in addition, there is a deposit insurance under MiFID up to 50,000 € for EU clients.

Avatrade account details

 

  • Account currencies: AUD, JPY, GBP, USD, EUR, CHF
  • Minimum deposit: $100 | €100 | £100
  • Maximum leverage: EU – Up to 30:1, Professional Client/ROW up to 400:1
  • Minimum trade size: 1,000 units on Forex pairs
  • Spreads: EUR/USD

For EU:

  • Retail spreads: as low as 0.90
  • Pro Spreads + Canada: as low as 0.60

For BVIas low as 0.90

  • Spread betting: UK & Ireland (only in GBP Currency)
  • Scalping – Millisecond trading
  • Hedging – Open Buy & Sell positions simultaneously
  • Free demo account – active for only 30 days
  • Vanilla options (AvaOptions): Forex pairs, Gold & Silver
  • VIP account: Yes
  • Demo account: Yes
  • Islamic account: Yes
  • Segregated account: No
  • Corporate account: Yes
  • Managed account: Yes
  • Institutional account: No

Trading desk type: Dealing desk + Market maker


 

Before you start trading 

Firstly, traders must ensure that AvaTrades fee and broker model is consistent with their personal trading strategy. AvaTrade is a market maker broker . While some traders rely with their strategies on commissions based model (mostly used by true ECN brokers), we must say that for majority of traders and their trading strategies the market maker broker model is absolutely sufficient (je to v pohode takto anglicky?) mainly thanks to tight spreads and low entry bareers.

With AvaTrade you get one of the best forex spreads on the market together with very fast trade execution!

The minimum deposit is of great importance, which is € 100 and therefore even beginners with small capital are able to pave the way to the trading world easily. As a result, clients can trade at fixed & variable spreads, which can be e.g. 1 or 1.8 pips for EUR / USD.

AvaTrade Demo Account

Customers also get a free demo account from AvaTrade, which can be used to gain initial insight into stock market trading without risk, or to examine new trading strategies and trading platforms. What amount is available on demo account and is it for time unlimited period or will block itself after certain time is passed ?

Financial Instruments available 

Including ETFs and bonds, nearly 200 assets are traded with AvaTrade. In this context, the AvaTrade experience is above average as well. There are three platforms available for trading. The MirrorTrader was added to the in-house AvaTrader and the well-known platform MetaTrader 4. This platform makes it possible to copy trades of other investorsand is thus particularly suitable for beginners who would like to gain further experience. Of course, the AvaTrader and MT 4 are also available as mobile platforms to allow trading on the move.

  1. Forex pairs
  2. Cryptocurrencies
  3. Commodities
  4. Indices
  5. Stocks
  6. Bonds
  7. Vanilla Options
  8. ETFs

Avatrade was among the first CFD brokers to offer Cryptocurrencies

Avatrade was among the first few companies that allowed trading Bitcoin. Currently besides Bitcoin one can trade also several other crypto currencies like

  • Bitcoin
  • Ethereum
  • BTCJPY, BTCEUR
  • Litecoin
  • Bitcoin Cash
  • Bitcoin Gold
  • Ripple
  • Stellar
  • Dash – 10,
  • Miota, NEO,
  • Crypto10 Index,
  • EOS – 14

Remember you trade cryptocurrencies as CFD and not physical crypto like with Etoro social trading platform.

AvaTrade trading platforms

 

#1 – Metatrader

In the search for the right online broker, particular attention should be given to the available trading platforms, as they can in some cases decide on profit and loss. Our AvaTrade experience has shown that the Irish company does everything right by offering a wide range of different trading platforms. It goes without saying that the popular MetaTrader 4 MetaTrader 5, which is characterized by Expert Advisors, a professional interface and numerous indicators, but also the in-house AvaTrader knows how to convince with various advantages. Both professionals and beginners can benefit from AvaTrade.

In addition, an optional trading platform – AvaOptions, is part of the company’s offering, as well as its own trading platform for Mac operating systems.

#2 – Automated trading

If required, investors can also trade via portals such as  DupliTrade, ZuluTrade or pursue browser-based trading via the AvaTrade WebTrader.

  • MQL5 Signal Service
  • API Trading
  • DupliTrade
  • ZuluTrade

#3 – Mobile trading platforms

 

Avatrade is proud for their inhouse AvaTradeGO mobile trading platform but you can use also MetaTrader 4, MetaTrader 5, AvaProtect while on the go.

We found AvaTradeGO as one of the best apps available on the market !


How to open a trading account with Avatrade

Particularly for an inexperienced trader, it can sometimes be very difficult to open a trading account with an online broker such as AvaTrade without losing valuable time through mistakes or missing documents. That’s why we’ve put together a quick, step-by-step guide to opening an account with AvaTrade that’s not just for newbies.

Step 1:

In order to open an AvaTrade trading account, you as a trader must firstly provide some personal information, such as: your name, e-mail address, telephone number. This should be relatively fast and easy part.

Step 2:

Information about your past trading experience: This is required by law. At this point, the whole thing may be a bit more precise: Each customer provides information on his previous trading experience. Based on this statement company determines whether the customer is suitable for trading with real capital or should they rather train in a demo account. In addition, further details about the place of residence and account details must be added here.

Step 3:

If the opening form is completed and sent out, trading begins. However, before the customer can withdraw his earned capital, he has to verify himself. This is done by sending the copy of ID and possibly the credit card for future deposits and withdrawals.

AvaTrade customer support

As mentioned in the review, the company is based in Dublin. Support can be contacted via

  • phone
  • email
  • live chat
  • callback form.

The support has been very competent and provides real assistance in all matters relating to the trade and the various platforms that appear in the review.

Customer support is available in the following languages:

  • English
  • Arabic
  • French
  • German
  • Italian
  • Portuguese
  • Russian
  • Spanish

AvaTrade deposit methods

Three valuable tips:

In order to deposit funds to the AvaTrade trading account successfully, inexperienced novices in Forex and CFD trading may need valuable tips that can facilitate and accelerate the deposit process. It may be important to know that AvaTrade customers have several ways to make a deposit: one is the bank wire transfer and the other that is faster is a credit card deposit.

Deposit methods:

Besides bank wire transfer, you can use alternative funding method:

  • Credit card
  • Wire transfer (NatWest, Barclays, UniCredit)
  • Neteller
  • Webmoney
  • DinPay
  • FasaPay
  • Moneybookers
  • Safecharge
  • VoguePay (PraxisCC55)
  • Skrill
  • F2P CUP
  • Paysec
  • G-Card
  • UnionPayBT
  • UnionPay
  • Tranzilla
  • Veritrans
  • POLi (Australian clients only)
  • Ideal –An Instant Bank Wire Transfer for Netherlands.
  • Klarna (Sofort)
  • Rapid Transfer
  • WebMoney
  • Perfect money

Deposit methods vary between countries (per regulation)…

Tip 1:

Choose the right deposit method! It is important to choose the best method of deposit wisely. Bank transfer usually takes longer, but is usually free of charge. On the contrary, a credit card transaction is usually fast, but often involves fees.

Tip 2:

Choose the right credit card. Are you planning to buy a credit card or change your credit card provider in the near future? Then allow yourself a little more time with your deposit into your trading account at AvaTrade: The money laundering laws stipulate that withdrawals can only be made on the same credit card used for the deposit. It makes no sense to use a third-party credit card for a deposit or a credit card that needs to be replaced soon, as this is only an unnecessary expense.

Tip 3:

Pay attention to the fees! Not only the fees charged by AvaTrade, but also the costs charged by banks or credit card companies. Please inform yourself in advance about any transaction fees that may be charged by your bank or credit card company.


Avatrade review conclusion:

When we compare trade execution with other competitors, Avatrade was really really fast during our test. But we think the biggest advantage of this broker are low spreads which are among the lowest in the industry! Whether you compare their spreads on majors like EURUSD or you compare their swap rates that you will pay for keeping your trades run overnight, you will definitely pay less than with other brokers!

 

Short video:

AvaTrade awards

It is not a surprise that during its almost ten years of existence, the Irish company has already received many awards, both from industry experts and from customers themselves. AvaTrade received the first awards in 2009, and so far the awards for the Irish company remained the value. In 2014, AvaTrade was awarded as The Best Bitcoin Trading Provider of the Year. In 2013, the Irish company received numerous accolades from the well-known online platform investing.com as well. Should AvaTrade be able to maintain its level in the future and further expand its offer, this should not have been the last awards for the Irish broker.