AvaTrade Review

Diverse trading platforms for beginners and advanced traders alike.

Pros:

Cons:

Top Features:

Score: 4.5/5

Founded in 2006, AvaTrade is an Irish online brokerage platform headquarted in Dublin with offices in Australia, Italy, China, Dubai, Spain, and Japan. They are regulated by MiFID, ASIC, FSC, and the Central Bank of Ireland. AvaTrade is known as one of the top Forex and CFD brokers in the world.

With over 200,000 users on AvaTrade, they now execute around 2 million transactions per month. They offer multiple different platforms so that you can customize your trading preferences. AvaTrade is therefore geared toward both new and experienced traders.

Despite their global presence, AvaTrade is not available in the United States.

Features & Key USP

AvaTrade offers a wide variety of services which include BitCoin, Exchange Traded Funds (ETFs), Commodities, Equities, market indices, and bonds. They were one of the first brokers to introduce CFD trading on commodities, stocks, and indices.

Their platform is available in five different languages: English, Dutch, Italian, French, and German. While not fully global, they are pretty close, as the platform is available in over 150 countries now.

AvaTrade has won a handful of awards, including “Best Customer Support”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker”. A big plus for AvaTrade is that they’re known throughout the industry for their transparency.

Account Types

For people who are brand new to trading, there is a free demo account option that allows you to operate in practice mode with virtual currency until you’re ready to go live with real money.

There is only one standard account option, and it requires a $100 minimum deposit and offers leverage starting at 1:400. However, within the standard account, there are four different types of accounts: Silver, Gold, Platinum, and AVA Select. The higher your account level, the more features you’re able to access. Of course, your minimum required deposit will increase as well. For Silver members, the minimum deposit is $100, but for gold members, it’s $1,000. Platinum members must deposit at least $10,000, while AVA Select members have to deposit at least $100,000.

Trading Platforms

AvaTrade is known for the huge range of trading platforms they have on offer. AvaTradeAct and MetaTrader 4 let you get started with trading immediately, regardless of your knowledge and experience. For those who want to start with an automated trading platform and follow the experts, they also offer Signal Trader and ZuluTrade. They also have Floating Spreads and AvaOptions, as well as Web Trading, Mac Trading, and Mobile Trading.

Countries Available

AvaTrade is operational in most of the world, with availability in over 150 countries. However, their platform is not available to US traders.

Final Verdict

AvaTrade is a well-respected, trustworthy trading platform that operates almost worldwide. They’ve been in operation for over 10 years now, and they’ve won numerous awards for their service and programs.

While other platforms focus on copy trading and trading for newbies, AvaTrade is a great option for the more advanced trader, as they offer a huge number of platforms and tools. However, with a demo account option and automated trading integrated into several platforms, AvaTrade is also suitable for beginning traders. It’s a program that can grow with you.

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