AvaTrade Review

AvaTrade was established in 2006 and is located in Dublin, Ireland. Offering trading services in over 150 countries with offices located worldwide. Today, the AvaTrade brand has offices in 11 countries and provides multiple trading platforms for web, desktop, and mobile devices, offering spot forex and forex options and CFDs on multiple asset classes, including cryptocurrencies.

AvaTrade is also available in Canada by collaborating with the local broker Friedberg Direct which is regulated by IIROC, the main regulator in Canada (Investment Industry Regulatory Organization of Canada). In addition to its entities regulated in major regulatory hubs, AvaTrade also has entities regulated in the British Virgin Islands (BVI) by the Financial Services Commission (FSC) and by the Financial Services Board (FSB) in South Africa.

**AvaTrade does NOT accept Clients from USA**

Unique Features of Trading with AvaTrade

The most salient feature of AvaTrade is the incredibly diverse and rich automated trading package that comes bundled with the trading software itself. Forex trading APIs and advanced strategies that sell for hundreds of dollars in the market are being offered for free by the broker for the simple cost of trading forex; you only pay the spreads for trading and no additional costs for the advanced and professional auto-trading tools that you’re provided with.

The automated-trading package includes the popular ZuluTrade system, AvaTrade’s own Ava AutoTrader system which enables algorithmic trading in its latest versions, as well as an advanced array of various APIs that allow you to devise your own forex automation solutions from scratch. This is a unique advantage available with no other company in the forex world as of the time this review was being created.

Trust Score

Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.

Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of AvaTrade.

 AvaTrade
Trust Score76
Year Founded2006
Publicly-Traded Company (Listed)No
Regulated in Major HubYes
Regulated in Emerging HubYes
Authorised in the European UnionYes
CFTC Registered (USA)No
FCA Regulated (UK)No
IIROC Authorised (Canada)No
FINMA Authorised (Switzerland)No
ASIC Authorised (Australia)Yes
SFC Authorised (Hong Kong)No
MAS Authorised (Singapore)No
FSA Authorised (Japan)Yes
FMA Authorised (New Zealand)No
CySEC Authorised (Cyprus)No

Trading Software

AvaTrade Review

Catering to every type of trader, AvaTrade offers a wide variety of platforms, both automated and manual. Each platform allows access to over 250 trading instruments, multiple analytical tools, indicators and up to the minute charts.

AvaTrader is a powerful user-friendly platform that allows for single-click trading on all assets from a single screen. It is a fully customizable platform, that boasts advanced charting, live-analysis as well as live feeds.

MetaTrader 4, known as the most popular trading platform, provides flexibility and power to satisfy traders of all experience levels and trading knowledge. The platform accommodates you to trade in you ideal trading environments.

Auto trading platforms, such as Mirror Trader and Zulutrade, are the leading auto trading interfaces in the industry. The auto-trading software allows you to duplicate the trades of skilled online traders, at any time, even while away from your computer.

Deposits and Withdrawals

The minimum initial deposit requirement of AvaTrade is $100. Maximum leverage is 400:1, always keep in mind that the higher the leverage, the greater the risk. In addition to the possibility of immediate deposits through popular credit cards, the broker accepts wire transfers and also facilitates funding through PayPal, NeTeller, Moneybookers, and WebMoney. With the Ava Debit Card feature of AvaTrade, clients can withdraw funds with no paperwork delaying the process although it can take up to five days for the money to be transferred.

Commissions & Fees

The trading costs at AvaTrade depend on the pricing method chosen. Two pricing methods are available: fixed spreads and floating (variable) spreads.

In the fixed spread model, the EUR/USD lists a 1.9 pip fixed spread, whereas the variable pricing offers typical floating spreads of 0.7 pips (median value derived from spreads during trading hours – 7:00-18:00 GMT – over prior quarter). Compared to our 2017 review, the broker’s spreads have improved in both the floating and fixed spread offerings. For price-sensitive trading strategies, variable pricing available in AvaTrade’s floating spread offering is the obvious choice.

AvaTrade also offers AvaSelect, which is comparable to an active trader program – with tailored trading terms  – for those who deposit over 100,000 (EUR, GBP, or AUD equivalent) or who trade 100 million in volume (1000 standard lots) per quarter.

Overall, AvaTrader’s spreads are not its most competitive feature, as the average spreads on its variable pricing are higher than those of its top competitors.

 AvaTrade
Average Spread EUR/USD – Standard1.90
All-in Cost EUR/USD – Active1.90
Active Trader or Premium/VIPYes

Conclusion

AvaTrade offers traders multiple platforms through its regulated brands, providing clients with a wide range of options for using trading tools across a good range of markets, including spot forex on 59 currency pairs and 37 currency pairs for forex options trading.

In addition to forex, AvaTrade provides access to CFDs on popular cryptocurrencies, indices, single-stock securities (shares), ETFs, bonds, and hard and soft commodities, including metals. These comprise 231 tradable products.

A reduction in the firm’s trading costs have helped AvaTrade’s value proposition when it comes to available spreads and pricing. The broker provides a good range of research tools and platforms for social copy trading. Meanwhile, traders who meet deposit or volume requirements for Ava Select can access tailored trading terms.

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1 Response

  1. December 13, 2018

    […] AvaTrade Review […]

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