AvaTrade Review

Background

AvaTrade is a well known registered CFD broker that offers traders adaptable trading platforms with both automated and social copy trading. The brokerage has some excellent platform features, good customer service and strong Comodo SSL security. Although established as a forex broker in 2006, AvaTrade now provides a wide asset index, drawn on all major asset classes including commodities, stocks, indices and more. The brokerage has a global reach and accepts traders from most countries.

Open an Account With This Broker

Protection & Security

AvaTrade is registered in Ireland and provides traders the highest level of protection. Client money is held by AvaTrade is segregated bank accounts and the platform and site is protected by the latest SSL security protocols. Traders also have effective customer service and professional account managers.

Global Presence

AvaTrade has a corporate HQ in Ireland and regional offices in 11 other countries. The online broker accepts traders from most countries around the world and provides a full mutilingual brokerage service, backed up by regional customer service.

Account Types

AvaTrade allows newcomers to get started with a minimum deposit of just $100. This may appear convenient, but is not really a practical amount for effective trading.

Minimum Deposit – $100

Deposits & Withdrawals

Avatrade is an experienced brokerage that has developed a smooth deposit and withdrawals process. Clients can transfer funds in and out of their accounts with a minimum of hassle. Avatrade accepts bank wire transfer, credit/debit cards and a range of other payment methods. There are no hidden charges or unfair fees.

Deposit

Deposits at AvaTrade are fast and convenient and the account management system is user friendly. AvaTrade encourages traders to deposit by bank wire or credit/debit card. There are no fees or commissions for deposits.

Withdrawals

The Withdrawals procedure is designed to be convenient and there is no pressure to reinvest your profits. Avatrade aims to process withdrawals within one or two working days and won’t surprise traders with hidden fees or unfair terms and conditions.

Trading Platforms

Avatrade offers an impressive choice of trading platforms, including AvaOptions, MT4, and Zulutrade. There is also AVaTradeGO for mobile traders. The platforms all deliver a top quality trading experience and come with the latest trading tools and advanced features.

Markets & Products

AvaTrade has all the assets that you’d expect to find at a major brokerage, including Forex, Stocks, Indices, commodities, ETFs, Bonds and Cryptocurrencies. AvaTrade is usually one of the first brokers to add new assets as they appear on the markets.

Edcuation Center

AvaTrade has a reasonably good education center, but a brokerage with their experience and resources could easily do better. There is the usual selection of trader ebooks, VOD films, a glossary and occasional webinars. The learning tools are enough to get beginners started on the platform.

Customer Service

AvaTrade provides full 24/5 chat, phone and email support. There are also some useful social media portals and online contact forms. Customer service is multilingual and the reps are well trained and usually quick to respond to queries.

Promotions & Offers

AvaTrade offers a standard welcome bonus to new traders and can be relied on to offer promotions for the main holidays and big economic events. The bonuses are average and won’t make a noticeable difference to your trading potential. It’s probably better to push for an account upgrade or individual training.

Trading Tools & Reaserch

AvaTrade has a good range of platforms and these come with some interesting features. Traders have all the usual signals, alerts, charts, heatmaps and risk management tools, but we particularly liked the copy and social trading and the AutoChartist plug-in for MetaTrader.

Overall Summary

PLUS:
AvaTrade is a well established registered broker that has won a number of awards. It protects client security with segregated accounts and the latest SSL security protocols. AvaTrade has a choice of trading platforms and an impressive asset index, as well as two different mobile apps (MT4 and WebTrader).

MINUS:
The spreads aren’t great at AvaTrade and the order execution time could be faster. The education center needs improvement and the bonuses and promotions are average at best.

Pros & Cons

Pros

Good choice of trading platforms

Established and experienced broker

Multilingual customer service

Impressive asset index

Cons

Weak education center

High spreads

Slow order execution

AvaTrade

AvaTrade

Protection & Security
4/5
Global Presence
4/5
Account Types
3/5
Deposits & Withdrawals
3.5/5
Trading Platforms
3.5/5
Markets & Products
3/5
Edcuation Center
3/5
Customer Service
3/5
Promotions & Offers
3/5
Trading Tools & Reaserch
4/5

Minimun Deposit - $100

Recent Comments

Ramon S.

November 17, 2020 08:00

3.7

Protection & Security

4.0

Deposit & Withdrawal

3.2

Trading Platform

4.1

Markets & Products

3.8

Education & Research

3.4

Customer Service

3.5

Wasn’t impressed by the ‘withdrawal fee’ or the wait. I won’t be trading here again.

Pros

Cons

$100 minimum deposit

Unhelpful customer service

Good range of assets

Unexpected withdrawal fee

MT4 with Autochartist

Poor education center

Ramon S.

November 17, 2020 08:00

3.4

Protection & Security

3.5

Deposit & Withdrawal

3.7

Trading Platform

3.5

Markets & Products

3.5

Education & Research

3.3

Customer Service

3.8

Second rate trading experience and the mobile trading is weak.

Pros

Cons

I liked the heatmaps and other features

Slow execution

Webtrader Platform is fine

Trading costs build up fast

Assets are adequate - but not great

Education center needs a lot more resources

Add a new comment