Avatrade Review

Avatrade.com delivers an online trading platform that enables its clients to “trade with confidence.” Its hottest selling points include 24/7 cryptocurrency trading, licenses in six jurisdictions, ultra-low spreads, mobile trading app, and an international sponsorship deal with Manchester City Premier League Champions. The broker has been delivering world-class trading services ever since its launch in 2006.

AvaTrade’s expansion and growth has been tremendous. Today, it is home to a community of over 200,000 clients from all over the world. Its client base executes over two million trades every month and its monthly trading volume exceeds $60 billion.

The parent company of AvaTrade.com has sales centers and regional offices in Milan, Dublin, Sydney, Tokyo, and Paris. But it is headquartered in Dublin, Ireland. So far, the FX broker has received nine industry awards in recognition of the excellence of its services and products.

Here is a list of the awards AvaTrade has bagged so far:

• The European’s Best Broker Award (2017)

• FXEmpire’s Best Trading Experience Award (2017)

• jFEX’s Best Dealing Room Award (2017)

• FXEmpire’s Best Broker Award (2016)

• The European’s Best Broker Award (2016)

How Reliable Is Avatrade?

AvaTrade has received regulatory licenses in jurisdictions across five continents. Moreover, it has got offices in countries from different parts of the world, including Dublin, Milano, Tokyo, Madrid, Australia, Mongolia, Nigeria, Chile, South Africa, and China.

Here is a list of its licenses:

• Investment Industry Regulatory Organization of Canada (IIROC)

• Central Bank of Ireland

• British Virgin Islands Financial Services Commission

• Financial Services Agency Japan

• The Financial Futures Association of Japan

• Financial Sector Conduct Authority (FSCA)

• Australian Securities and Investments Commission (ASIC)

AvaTrade also offers excellent 24/5 customer support through an online contact phone, telephone numbers for several countries worldwide, and live chat.

Avatrade Facts and Figures 2023

Instruments	250+ Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, Bonds.
Licenses and Regulation	(IIROC) Canada, (BVI) British Virgin Islands, FSCA, Central Bank of Ireland, FSA, FFAJ, (ADGM-FSRA) Abu Dhabi, (ASIC) Australia.
Demo Account	Yes
Islamic Accounts	Yes
Trading Platforms	AvaTraderGO, MetaTrader 4/5, WebTrader, AvaSocial, AvaOptions.
Minimum Deposit	$100
Accounts	Over 300,000 registered traders.
Customer Support	Phone, Email, Live Chat, Online Contact Form, WhatsApp, Facebook, FAQ.
Funding & Withdrawal	Bank Transfer, Wire Transfer, Credit/Debit Cards, Skrill, Neteller, WebMoney.

Open an Account and Start Trading

Traders can get started at AvaTrade.com with a demo account. As holders of demo accounts, they don’t have to risk their hard-earned money. They can trade 250+ instruments using virtual funds.

There are two ways to open a demo account at AvaTrade.com:

• Method #1: Take a shortcut through your Google or Facebook accounts.

• Method #2: Reveal your personal details, confirm your willingness to receive market updates, newsletters, and special promotions from the Forex broker, and then hit on the Create Account button.

The procedure to open a real account at AvaTrade is the same as the procedure to open a demo account. The only difference is that you can trade for real on this account.

Followers of Islam have the option of opening an Islamic account at AvaTrade.com. Holders of this account can trade 24 hours per day on several instruments such as commodities, bonds, currencies, forex, shares, and so on. Moreover, Islamic accounts are swap-free or utterly free of interest or special fees, which is in compliance with Sharia laws. Instead, holders of Islamic accounts have to pay administrative fees every day.

Islamic accounts, however, do not offer trading on cryptocurrency and certain currency pairs. Beginners can open an Islamic demo account if they wish to learn about trading without risking any money.

Trading Platforms

When it comes to trading platforms, AvaTrade.com offers the following options:

MetaTrader 4

MT4 is the most popular trading software platform in the world and it is available for browser-based trading, desktop trading, and mobile trading. To trade on MT4, customers will have to download the MT4 software and install it on their computers. Its top feature is its support for MQL language, which expert traders use to create Expert Advisors (EAs), scripts, and custom indicators, all of which are essential in automated trading.

AvaOptions

AvaOptions is a feature that has made options trading very easy. Here are some of its top features:

• Trade 40+ currency pairs

• Portfolio simulations and risk management tools

• Gain full control over your trading portfolio

• Limit and stop orders give traders more control over their trades

• Trade multiple accounts

Trade on the Move

The biggest selling point of AvaTrade.com is AvaTradeGO, which enables clients to trade on the move. This innovative mobile trading app is available for download at the Apple Store for iOS devices and the Google Play Store for Android devices.

AvaTradeGo incorporates all the top features of MT4 and allows customers to register, make deposits and withdrawals, get social trading notifications, and much more.

Trade on Your Mac

You can trade 250+ commodities, currencies, stocks, indices, and others on your Mac computer using AvaTrade’s Mac online trading platform. This is a powerful MT4 platform that works well with all browsers. Customers can either use the no-download option or use the native trading apps for iPhone and iPad.

Web Trading

Web trading is ideal for those who do not want to download any trading software. They can start trading instantly on their browsers and enjoy features such as one-click trading, multiple charting facilities, instant trading, support for 41 languages, and a variety of overlays and analytical tools.

Automated Trading

AvaTrade.com makes automated trading simple through platforms such as ZuluTrade, DupliTrade, and MQL5.

DupliTrade

You can use DupliTrade to automatically copy the trades of successful traders.

ZuluTrade

This is a sophisticated auto trading MT4 platform with the following features:

• Wide range of top signal providers

• Facilities to copy expert traders

• Strategy and risk management tools

• Successful trading community

• Ranking of traders on the basis of success

MQL5

All AvaTrade.com clients gain free access to the world’s largest auto trading community, called MQL5 Signals. Since this feature is incorporated into the MT4 platform, traders can receive signals from the top providers on their trading platform. Holders of a 21-day demo account can also try this feature.

Trading Instruments

AvaTrade offers cryptocurrencies, CFD trading, and Forex trading.

• Forex Trading – You can choose from more than 50 currency pairs. Moreover, forex trading at AvaTrade comes with competitive spreads, sophisticated forex trading platforms, leverage of up to 400:1, and 24/5 live support in multiple languages.

• CFD Trading – Avatrade offers a variety of CFD instruments such as indices, commodities, stocks, bonds, ETFs, and cryptocurrencies. CFD trading at AvaTrade features leverage of up to 400:1, excellent 24/5 customer support in multiple languages, and sophisticated trading platforms.

• Cryptocurrencies – AvaTrade offers trading on cryptocurrencies such as Bitcoin Cash, Bitcoin, and Bitcoin Gold and altcoins such as Litecoin, Ethereum, and EOS. Cryptocurrency trading at AvaTrade.com comes with features such as leverage of up to 20:1, customer support in 14 languages, live quotes, competitive swap rates, and powerful trading platforms. Traders can invest as little as US$100. If the price of a cryptocurrency drops, traders can go short and make a profit.

Get Educated – Learn How to Trade

AvaTrade.com has dedicated an entire section of its website to education. Since its motto is “trade with confidence,” it offers the best trading education as it knows that the only way to empower traders and give them confidence is to educate them.

Here are some ways to get educated at Avatrade:

• Blog – Visit the AvaTrade blog to get the latest informative and educative articles, trade ideas, and trading insights.

• Economic Indicators – These can help you make informed decisions.

• eBook – Avatrade is offering a free eBook titled “Forex Trading Strategies” for the benefit of beginners.

• Video Tutorials – Avatrade offers the best video tutorials for beginners, intermediates, and advanced traders.

• Trading for Beginners – This is basic information for beginners, teaching them the ABCs of forex and CFD trading.

• Sharp Trader – Sharp Trader is an educational website with exclusive information for its clients. It includes resources such as videos for traders at different levels, analytical videos, daily fundamental and technical analyses by Avatrade’s market analysts, and a wide range of trading tools such as trading platforms, economic calendars, and trading calculators, to mention just a few.

How to Make Deposits and Withdrawals

You can make deposits using credit/debit cards, electronic wallet services, and wire transfer. Before making a deposit, you have to verify your account by uploading copies of supported documents.

Credit/debit card deposits are instantly credited to trading accounts. But deposits made through electronic payment processing services such as Neteller, WebMoney, and Skrill take 24 hours to reach trading accounts. Traditional methods such as Wire Transfer take as many as 7 working days depending on traders’ bank and country of residence. If customers are using their credit card to make deposits for the first time, they may have to wait for one banking day as the broker needs extra time for verification.

Avatrade credits withdrawals to the same method used for deposits. Traders have to withdraw as much as 200% of the amount they deposited to their credit/debit card. After this, they may choose an alternative withdrawal option. If clients made a deposit through a third party, they must withdraw 100% of the deposit amount on their first payment method.

AvaTrade.com processes withdrawals and credits them in 24 hours. But the exact time for the profits to reflect in traders’ personal account depends on their preferred withdrawal option. Accordingly, eWallet withdrawals may take up to one working day, credit/debit card withdrawals take up to five working days, and wire transfers may take up to seven working days.

Before making a payout request, clients have to verify their accounts, meet the minimum trading requirements for bonuses claimed, use the proper withdrawal option, and maintain adequate usable margin.

Final Thoughts on Avatrade

The fact that AvaTrade is the recipient of multiple industry awards proves that it is reliable and reputed. Moreover, AvaTrade has something to offer beginners as well as seasoned traders.

We are of the opinion that this Forex broker is one of the best in the world. It is licensed and regulated, offers multiple trading platforms, and hundreds of trading instruments. It also teaches new customers how to trade.

If you don’t want to take any serious risks, you can get started with a demo account. A demo account gives you the opportunity to explore AvaTrade without spending real money. We encourage you to click here to get started.

FAQ

Which trading platforms are supported by Avatrade?

AvaTraderGO, MetaTrader 4/5, WebTrader, AvaSocial, AvaOptions.

What is the minimum deposit required to open an account with Avatrade?

100 USD.

Avatrade Alternatives

	Minimum Deposit	Deposit Bonus	No Deposit Bonus	Islamic Accounts
Binary.com	$10	20-100%	$20	Yes
Olymp Trade	$10	50-100%	No	Yes