AvaTrade Review 2024
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AvaTrade is #91 in our rankings of CFD brokers. |
| Top 3 alternatives to AvaTrade |
| AvaTrade Facts & Figures |
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Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience. |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
| Demo Account | Yes |
| Min. Deposit | $100 |
| Mobile Apps | iOS & Android |
| Trading App |
AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere. |
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| Min. Trade | 0.01 Lots |
| Regulated By | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
| MetaTrader 4 | Yes |
| MetaTrader 5 | Yes |
| cTrader | No |
| DMA Account | Yes |
| ECN Account | No |
| Social Trading | Yes |
| Copy Trading | Yes |
| Auto Trading | Expert Advisors (EAs) on MetaTrader |
| Signals Service | Yes |
| Islamic Account | Yes |
| Commodities |
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| CFDs | AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. What we love is that you can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools to help you discover short-term trading opportunities. |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| FTSE Spread | 0.5 |
| GBPUSD Spread | 1.5 |
| Oil Spread | 0.02 |
| Stocks Spread | 0.13 |
| Forex | AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'. |
| GBPUSD Spread | 1.5 |
| EURUSD Spread | 0.9 |
| GBPEUR Spread | 1.5 |
| Assets | 50+ |
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| Stocks | AvaTrade offers hundreds of shares on leading exchanges including the US NYSE and UK FTSE. You can take positions on leading tech firms like Tesla, Apple and Microsoft with no trading restrictions and 24/5 support that impressed during testing. There is also an above-average selection of 45+ indices and 60+ ETFs for additional stock market opportunities. |
| Spreadbetting | AvaTrade is a first-rate spread betting platform with opportunities on 1000+ stocks, indices, commodities and currencies, sporting leverage up to 1:400. The MetaTrader platforms cater to seasoned traders with advanced charting tools and alerts, while the extensive Academy is home to terrific education with 18 courses, 150 lessons, 50 quizzes and a video tutorial explaining how to spread bet at AvaTrade. |
When choosing a broker for Forex or CFD trading, it is important to select a platform that offers both reliability and versatility in order to ensure the best chances for long term trading success. Since 2006, AvaTrade has been providing just such a platform to its customers.
By integrating a great trading platform with helpful innovations in online Forex trading, AvaTrade has become the preferred broker of over 100,000+ traders worldwide.
This review will explore AvaTrade’s platform, services and programs to help those looking for a new Forex brokerage platform decide if AvaTrade is a good fit for their trading needs.
Download the AvaTrade Mobile App.
Trading Platform
In order to allow traders the greatest possible degree of versatility in their preferred trading styles, AvaTrade offers multiple platforms for executing trades. The two main basic platforms are AvaTrade’s proprietary platform and the widely popular MetaTrader MT4 platform.
The latter, being a common industry standard, allows traders who have previously used almost any other major brokerage to smoothly transition to AvaTrade with a familiar piece of trading software.
Over 200 individual assets, including Forex currency pairs, CFDs, stocks, commodities and Bitcoin are available for trading. Spread betting is also available on the MetaTrader 5 platform, offering tax-free profits on popular financial assets using a leveraged derivative.
AvaTrade offers traders tight spreads and high leverage, making it possible to realise a substantial return on investment, even on smaller trades.
On Forex currency pairs, for example, leverage of up to 400:1 is made available with spreads as low as 0.9 pips. CFDs, gold and other metals offer 200:1 leverage, with oil offering 100:1 and stocks offering 20:1.
Automated Trading with Avatrade
In addition to its traditional trading platforms, AvaTrade also gives its traders the option to engage in automated trading.
Five separate automated trading platforms including ZuluTrade, SignalTrader and Mirror Trader allow those who trade through AvaTrade to automate their trades. Either through fully automated signal trading or by copying the trades executed by other successful traders.
These options make AvaTrade a useful platform for those who are new to trading, as they allow inexperienced traders to learn the ins and outs of basic trading while still trading using automated trades.
In addition to desktop platforms, AvaTrade also offers a complete mobile platform, allowing traders to execute trades quickly and easily from anywhere in the world.
Mobile platforms for both iPhone and Android are available. It should be noted that only AvaTrade’s proprietary platform and MT4 are available in the mobile format.
Trading Signals
Avatrade recently added semi automated trading signals to their package. These have proved extremely popular among their customers. The features are simple to implement and use, and have been historically accurate, fuelling support among traders.
Customer Support
In addition to its versatile trading model, AvaTrade offers comprehensive 24/5 customer service to all of its traders. The firm’s team of professional customer service experts may be contacted via phone or email. In order to fill the needs of traders worldwide, dedicated teams of support staff are assigned to individual countries in seven different regions of the world.
AvaTrade’s trader support goes beyond its knowledgeable service team to include several excellent educational tools for traders of all experience levels.
Educational articles regarding basic trade execution, Forex markets and basic technical analysis help new traders to begin understanding the details of trading financial assets. There is also AvaAcademy for more in depth insight.
A host of other educational tools, including a complete digital trading book, market news, a calendar of major economic events, video tutorials and even live webinars are also available to help traders develop their skills and become more successful.
For complete novices, a demo account option is also available. This lets new traders execute theoretical trades based on real time market conditions without risking any real capital in order to learn their way around both the platform and the basics of trading.
Deposit and Withdrawal Methods
Deposits made to AvaTrade may be conducted via either major credit card or wire transfer. Credit card deposits require a minimum amount of £100, while wire transfer deposits require a £500 minimum. Withdrawals may be conducted using the same methods and take up to five business days to process once a request for a withdrawal of funds has been made.
AvaTrade Bonuses and Promotions
As an incentive for new traders who sign up with AvaTrade, the firm offers a generous initial deposit bonus.
This bonus can range from £40 for a deposit of £250 to as much as £10,000 for an initial deposit of £50,000 or more.
In addition, a refer-a-friend program is also available, allowing traders to earn a trading credit of up to £400 for every new customer referred. As traders grow their accounts and begin to move into higher trading volumes, they also become eligible for higher membership levels.
These higher-level memberships include incentives like more educational tools, better market analysis and even more flexible trading conditions.
The recent marketing move to partner with Aston Martin is also noteworthy for motoring enthusiasts. Both brands are synonymous with quality, speed and reliability.
The AvaAcademy also provides a place of learning for traders looking to expand their knowledge of more diverse products, markets and trading strategies. It provides one of the best education programmes of any broker.
Conclusion
By merging excellent basic trading platforms with new innovations in the world of online trading, AvaTrade has grown into a leading broker of Forex and CFDs.
Automated trading, comprehensive educational tools and a low initial deposit requirement allow even inexperienced traders to easily make use of AvaTrade, and more involved options allow expert traders to customize their trading to their own personal preferences.
Excellent customer service and a generous initial bonus program nicely round out AvaTrade’s offerings. Overall, AvaTrade is an excellent platform for Forex trading and has much to offer for almost any trader.
Spreads And Trading Costs
Top 3 AvaTrade Alternatives
These brokers are the most similar to AvaTrade:
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
- XTB - Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 6400+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.
- CMC Markets - Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
AvaTrade Feature Comparison
| AvaTrade | Pepperstone | XTB | CMC Markets | |
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| Rating | 4.9 | 4.8 | 4.8 | 4.7 |
| Markets | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting |
| Minimum Deposit | $100 | $0 | $0 | $0 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | FCA, CySEC, KNF, DFSA, FSC | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Bonus | - | - | - | - |
| Education | Yes | Yes | Yes | Yes |
| Platforms | MT4, MT5 | MT4, MT5, cTrader | - | MT4 |
| Leverage | 1:30 (Retail) 1:400 (Pro) | 1:30 (Retail), 1:500 (Pro) | 1:30 | 1:30 (Retail), 1:500 (Pro) |
| Visit | 75.1% of retail investor accounts lose money when trading CFDs |
69% of retail CFD accounts lose money. |
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| Review | AvaTrade Review |
Pepperstone Review |
XTB Review |
CMC Markets Review |
Trading Instruments Comparison
| AvaTrade | Pepperstone | XTB | CMC Markets | |
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| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | No | Yes | Yes | No |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | Yes | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | Yes | Yes | Yes | Yes |
| Silver | Yes | Yes | Yes | Yes |
| Corn | Yes | Yes | Yes | No |
| Futures | Yes | No | No | No |
| Options | Yes | No | No | Yes |
| ETFs | Yes | Yes | Yes | Yes |
| Bonds | Yes | No | No | Yes |
| Warrants | No | No | No | No |
| Spreadbetting | Yes | Yes | No | Yes |
| Volatility Index | Yes | Yes | Yes | Yes |
AvaTrade vs Other Brokers
Compare AvaTrade with any other broker by selecting the other broker below.
Popular AvaTrade comparisons:
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| Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience. | ||