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AvaTrade's web trader - A fantastic platform
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AvaTrade is a well-known broker in the industry. It has been around since 2006, and its headquarters are in Limassol, Cyprus. AvaTrade offers a range of trading products for anyone who wants to trade on their website. The platform features over 1 million active traders from 189 countries, including the UK. With more than twenty different assets and order types to choose from, it is a popular trading platform for investors. Here is an in-depth review of AvaTrade or in case you don't want to wait, check out AvaTrade's website right now.

AvaTrade

AvaTrade logo

Overall rating

9.56/10

Rating details

9
9
10
10
10
10
9
9
10

  • Min. deposit

    50 GBP

  • Platforms

    5

  • Founded

    2006

  • Licenses

    6

  • Country

    Ireland

  • Commodities/Crypto

    Yes

  • Stocks

    Yes

  • Support

    Email, Phone

  • Deposit currency

    GBP, USD, EUR

 
AvaTrade is an innovative currency broker headquartered in Ireland, which has been on the market since 2006. Ava Trade has now set its sights on doing something great in forex trading and becoming one of the leading companies. The company has over 200,000 customers and is considered one of the fastest growing companies in currency trading. Deposits to your AvaTrade currency account can be made with either GBP, EUR or USD as the base currency for Britons. Withdrawals are considerably faster through AvaTrade than many competing companies in foreign exchange trading. Try a great site yourself today - create a demo account with AvaTrade.
 
How Quick is it to Register at AvaTrade?
AvaTrade does not make you jump through hoops to open an account with them. Users only need to fill out a short form that asks for basic personal information like name and contact details to get started. Once this is done, traders will require identification documents such as a passport or driver's license to verify their identity. Once all of this is put together, a trader has to contact AT's customer service team and make a deposit. It takes less than five minutes.
 
AvaTrade's leverage requirement is 1:50; however, it offers a more suitable 1:2 for active traders. That means that if an account has GBP2000, the trader can open a position worth at least GBP20 000. The maximum amount of money shareable in one position is 100 shares. This means that if you have GBP5 000, you cannot open more than five positions.

There is also the provision of enhanced leverage for traders opting for maximum margin trades. AT offers a maximum of 1:400 leverage on instruments with a minimum GBP25 price movement and a minimum lot size of 0.01 lots (100 x contracts).

Besides that, there are Fractional and Direct Debit (non-leveraged) accounts, the latter of which is more suitable for those with smaller accounts.

The margin requirements can be found on AvaTrades website. Be sure to check the trading conditions before opening a live account.
 
There are several fees and costs involved in using AvaTrade for your investments. Here are the potential costs to look out for:

Inactivity Fees
AT awards users with several free trading days upon registration. These are usually equal to the time that has passed since you opened your account at Ava Trade. If you have not made a trade in the meantime, you will be charged a fee for your account's inactive every three months. This rule applies to all accounts, whether they are demo or live.

Withdrawal Fees
There are various withdrawal fees involved when you make a withdrawal at AT. The first of these is the bank fee that appears on your provided bank account. This fee varies depending on your financial institution, and you need to check with them before making a final choice. You will also have to pay a currency conversion fee of 0.2% of the sum you are withdrawing. The site has a range for withdrawal, but it may be higher in other countries. As you embark on trading or making investments, you must also be aware of the processing fee. It is dependent on the trading activity in question.
 
Do you wonder about which payment methods are available? There are several different payment methods available for you to deposit AT. This is excellent news for traders who may not own or want to use their bank accounts for their transactions.

PayPal & Skrill
AT provides a great payment solution for both PayPal and Skrill users. If you have an account at either of these two financial institutions, then you can quickly deposit your funds into your AT account. There is no wire fee associated with using either of the services provided by Skrill or PayPal.

Visa & MasterCard
These are the most popular credit and debit cards that AT accepts. The only downside is that you will be charged a 3-5% fee for using them as a payment method on some occasions.

Bitcoin & Bitcoin Cash
AT provides an excellent way to deposit funds into your account with Bitcoin and Bitcoin Cash. AT charges 1% for using either of these two cryptocurrencies as payment methods. The good news is that you will not be charged any additional fees when making transactions to your account with this method.

Bank transfer
This is another bank transfer payment method used by traders and investors from all around the world. It has a high transaction limit, and it usually takes three business days to complete the transaction. This payment method is available in most countries, but you should check AT for verification before using it in your respective country.

Multibanco
Multibanco is the name for Portuguese bank transfers. It is one of the most used payment methods in terms of deposits and withdrawals in Portugal because it also provides a significant number of locations where you can make such transactions. Multibanco usually takes 2-3 business days to complete.

WebMoney
This is the other name for one of the oldest digital transaction methods in existence. WebMoney was launched back in 1998, and it has been used by traders worldwide since then. It can be used both to deposit funds into your AT account or for withdrawing them.

 
+ A variety of orders to choose from.
+ Navigable and comfortable website.
+ Easy and fast account opening.
+ You get fixed spreads for fixed returns.
 
- The withdrawing process can be lengthy.
- The platform can be intuitive for most people.
- AvaTrade has a high inactivity fee.
 
AT has a wide range of platforms available to its clients. Here are some famous options onsite.

Metatrader 4
The first platform is Metatrader 4. Anyone who desires an AT account should know that this is a charting program for support and resistance, Fibonacci retracements, Gann angles, Elliott wave theory, and Bollinger bands. Metatrader 4 was built using MetaQuotes Software Corporation's proprietary MT4 language, which allows it to communicate with Ava's servers.

Metatrader 5
Another platform for AT is the Metatrader 5. It was first released in March 2009, and it has a lot of the same features that MT4 includes. Both platforms have a fixed spread from 0 to 1 pip, maximum leverage of 400:1. They are a perfect plan for investors.

AvaWeb Trader
AvaWeb Trader is the third platform that can be found on site. It allows its trader to carry out Ava Option trades, Forex and CFDs. This trading platform has a user-friendly design which makes it easy for anyone to use. This trading software also features an automated trading system with no commissions or fees required to use it.

AvaTrade Go
AvaTrade Go is the fourth platform that site users can choose from. Built-in HTML5, this platform can be accessed through different devices like mobile phones, tablets and laptops. It has a multi-language option where traders can use their own set of symbols for quotes; it also has an integrated social network, automated trading systems and graphs from different asset classes.

AvaSocial
The fifth available platform onsite is AvaSocial. This social network was built to allow traders to communicate with each other. It contains news feeds, risk management tips, live price updates and more put together to help make things easier for its users.




iOS:

Android:
 
AvaTrade has a user-friendly platform for automated trading, which makes it easy for you who want to get started quickly. Their system is called DupliTrade and allows you to copy entire trading strategies, getting their most successful traders. With DupliTrade, MT4 compatibility is given. Another option is ZuluTrade, which converts trades from your selected traders, which can also be done automatically from your own AvaTrade account.

You can easily check which instruments you want to buy, or do not want to bring. There are both risk management and strategy tools to optimize the outcome of your automated trading. The cost of using DupliTrade is 1.5 pips for all instruments, which is a very low amount to gain access to such a fantastic automated trading system. You normally need to fill in an extra form after you have registered, to get started with DupliTrade. Just ask the live chat for your complete registration, and everything will be fixed quickly and easily.
›› Read and try auto trading at AvaTrade here
 
The customer support team at AT is very friendly and available 24/7 for your assistance. You can contact them via email, web contact form, or their phone number. What's more? They have live chat support where you can quickly type in your question and get help.
 
AvaTrade are licensed according to the below jurisdiction(s). It however seems like a license within EU is missing, which can indicate that the company does not follow the same strict customer beneficial processes hence potentially a higher risk for you as customer.

License in Australia: Yes, Australia Pty Ltd, ASIC (No.406684)
License in Japan: Yes, Ava Trade Japan K.K., FSA (No.1662) & FFAJ (No.1574)
License in South Africa: Yes, Ava Capital Markets Pty, South Africa (FSCA No.45984)
License in the British Virgin Islands: Yes, AVA Trade Ltd, B.V.I
License in UAE: Yes, AVA Trade Middle East Ltd (#190018)
 
 
Are you a new AvaTrader? Well, you have come to the correct section. This part contains the frequently asked questions about AT and plausible answers to help you better navigate the site and make informed choices.

Can you trade commodities at AvaTrade?

Yes, you can. AT offers traders the opportunity to trade various commodities, but not all of them are available at all times. You can invest in multiple commodities at the platform through CFD trading and make the most out of commodity price movements.

Is AvaTrade a reliable broker?

AT is one of the most reliable trading brokers I have come across. It offers traders a variety of benefits, including various account types, excellent customer support services, and its website interface is straightforward to navigate.

Can I change the background colour at AvaTrade

Yes. You can change the background colour on your AT trading platform by clicking on 'Settings' and choosing one of the available colours on offer. I recommend you choose a dark coloured theme to reduce eye strain.

How does AvaTrade make money?

AT makes money by charging commissions on retail forex transactions, spread betting and CFDs. This is known as "over the counter" trading, which means that you are dealing directly with each other instead of using an exchange platform like in traditional stock markets.

Is it possible to trade currency with AvaTrade without interest charges?

Yes. The platform offers a chance to its Islamic AvaTraders who want to avoid trading with high-interest charges. Nevertheless, an AvaTrader cannot trade currency pairs with high-interest rates like the Turkish Lira.

Which Countries is AvaTrade Licensed?

AT is an international forex broker that has servers in almost every country in the world. Some of the countries include: Ireland, The British Virgin Islands, Australia, South Africa, Japan, EU, UAE, and Israel. As a trader, remember to check with your country's regulations before you begin. Regardless of where you are, you can access the platform using a VPN if you are away from the UK.
The company behind AvaTrade has previously been named or is still called AvaFx
    No more news about AvaTrade available.

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Historical returns are no guarantee of future returns. All trading in financial instruments involves risk, including currency trading with CFDs. Financial instruments can both rise and fall in value and it is not certain that you will get back invested capital.

Only invest capital that you are prepared to lose. CFDs are complex instruments that have a high risk of losing money due to leverage. Between 62-89% of all private investor accounts lose money when trading CFDs. You should consider if you understand how CFD works and if you can afford to take the high risk of losing your money. The information on this site is presented for educational purposes and should not be construed as investment advice. It is completely free to use our website, even for real-time prices for a wide range of financial instruments. Instead of charging for using the website, we get paid by forex brokers and business partners with whom we have commercial partnerships.

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