Written by Angelo Martins
Edited by David Johnson
Fact checked by Alexandreas Kourris
Human moderated by Jason Peterson
Last updated November, 2024

AvaTrade Overall rating

4.1
Ranked 77 out of 941 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
3.9
3
Regulation
5.0
2
Pricing rating
3.0
1
Features
Not rated
1
Customer Support
Not rated
1

Pros

  • Regulated by multiple authorities worldwide
  • High user rating of 4.2 out of 5
  • Well-established, founded in 2006
  • Wide range of tradable instruments
  • Popular trading platforms like MetaTrader 4 and 5
  • 1,138,802 organic monthly visits indicating popularity
  • Provides segregated client money

Cons

  • Not publicly traded
  • Does not provide its financials publicly
  • Moderate swap rates compared to industry leaders
  • Higher spreads in some asset classes
* As of November 13, 2024

We tested AvaTrade using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

* As of November 13, 2024

AvaTrade, founded in 2006, is regulated by multiple authorities worldwide, including AU ASIC, JP FSA, ADGM FRSA, IE CBI, ZA FSCA, and BVI FSC. With a high user rating of 4.2 out of 5 from 31 total user reviews, 29 of which are from verified real trading accounts, AvaTrade is ranked 27th out of 827 forex brokers based on user ratings and 46th based on expert ratings.

The broker receives 722,642 organic monthly visits, ranking 34th out of 827 forex brokers for organic traffic. Despite being a privately owned company that does not provide its financials publicly, AvaTrade is popular and well-established. However, it is important to keep in mind that even highly regulated and successful financial firms have failed in the past.

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Ava Capital Markets Australia Pty Ltd 30 : 1
Ava Trade Japan K.K. 25 : 1
Ava Trade EU Ltd up to €20,000 30 : 1
Ava Capital Markets Pty 500 : 1
Ava Trade Middle East Ltd 30 : 1
Ava Trade Ltd 3000 : 1

Deposit Insurance

Deposit insurance is a critical aspect of financial trading, providing a safety net for investors if a broker or authorized financial firm fails. AvaTrade offers deposit compensation schemes under some of its regulatory frameworks, such as the IE CBI, which compensates investors in the event of firm insolvency.

However, it does not provide deposit compensation under all its regulatory bodies. It is essential for traders to understand which regulatory frameworks and compensation schemes apply to their accounts to ensure the safety of their funds.

Spreads and Costs

* As of November 13, 2024

AvaTrade offers spreads and costs that are generally in line with industry standards, though some asset classes may have higher spreads compared to leading brokers.

For example, their average forex spread is 1.98, which is competitive but higher than some market leaders like IC Markets. Overall, AvaTrade provides reasonable trading costs for most traders.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
AvaTrade – Standard 56.10 1.98 - -
Exness – Standard 22.64 2.22 7.07 0.12
IC Markets – Standard 9.10 1.54 1.12 0.10
ThinkMarkets – Standard 16.89 2.06 1.59 0.14
Admirals – Trade - 2.65 - 0.19
Oanda – Standard - 2.43 - -
Forex.com – Standard - 3.05 - -

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Broker - Account Type BTCUSD ETHUSD EURUSD USDJPY GBPJPY EURGBP AUDNZD CADCHF AUS200 US30 XAUUSD XAGUSD
AvaTrade – Standard 106.86 5.35 0.92 1.49 2.99 1.23 3.10 2.13 - - - -
Exness – Standard 38.87 6.40 1.29 1.87 3.89 1.98 2.63 1.62 6.41 7.74 0.20 0.05
IC Markets – Standard 15.19 3.00 0.87 1.19 2.16 1.37 2.27 1.38 1.28 0.95 0.17 0.02
ThinkMarkets – Standard 31.92 1.80 1.12 1.32 2.24 1.98 3.67 2.00 1.47 1.71 0.24 0.03
Admirals – Trade - - 0.96 1.53 2.88 1.15 4.17 5.21 3.57 - 0.35 0.03
Oanda – Standard - - 1.46 1.77 3.80 1.36 3.40 2.80 - - - -
Forex.com – Standard - - 1.41 1.71 4.34 1.51 5.23 4.08 - - - -

Comparison to other Brokers

* As of November 13, 2024

AvaTrade, established in 2006, is a well-regulated and popular broker. It stands out with its high user rating of 4.2 out of 5, indicating strong customer satisfaction. Compared to industry-leading brokers like IC Markets and Exness, AvaTrade offers competitive forex spreads but has higher spreads in other asset classes.

AvaTrade's regulatory framework includes several top-tier authorities, adding to its credibility and trustworthiness. However, unlike some competitors, it does not provide deposit compensation under all regulatory bodies and does not publicly disclose its financials. AvaTrade's swap rates are moderate, with better rates offered by brokers like IC Markets and ThinkMarkets.

Overall, AvaTrade is a robust choice for traders, particularly those who value regulation and user experience.

Trading Platforms - Mobile, Desktop, Automated

Platform Device Automated Trading
MetaTrader 4 Desktop, Mobile, Web Yes, MQL4 (Easy)
MetaTrader 5 Desktop, Mobile, Web Yes, MQL5 (Moderate)
AvaTrade App Mobile only No
AvaOptions Mobile only No
AvaSocial Mobile only No

AvaTrade offers a range of trading platforms to suit different trader needs. MetaTrader 4 (MT4) is available on desktop, mobile, and web, supporting automated trading through MQL4, which is known for its ease of use. MetaTrader 5 (MT5), also available on desktop, mobile, and web, supports more advanced automated trading through MQL5, which offers greater functionality but is slightly more complex to learn.

The AvaTrade App is designed for mobile trading, offering a user-friendly interface but does not support automated trading. Each platform provides robust charting tools, with MT5 offering more advanced features and indicators compared to MT4.

Overall, AvaTrade's platform offerings cater to both novice and experienced traders, with strong support for automated trading on MT4 and MT5.

What Can you Trade?

Asset Class Number of Instruments
Forex CFD 60
Crypto CFD 16
Stock CFD 600+
Stock Index CFD 23
Commodities CFD 27
ETFs 60
Bond CFD 2
Futures CFD -

AvaTrade offers a wide range of tradable instruments, including 60 forex CFDs, 16 crypto CFDs, over 600 stock CFDs, 23 stock index CFDs, 27 commodities CFDs, 60 ETFs, and 2 bond CFDs. These instruments are traded as CFDs, meaning you do not own the underlying asset but speculate on its price movement.

Trading CFDs allows for leverage, which can amplify both gains and losses. AvaTrade's leverage offerings vary by instrument and regulatory jurisdiction, providing flexibility for different trading strategies. For detailed information on the specific instruments available, visit AvaTrade's website.

Available Leverage

AvaTrade offers different leverage levels depending on the instrument and regulatory jurisdiction. Retail clients can access leverage up to 30:1 in regions like Australia and the European Union, while higher leverage ratios up to 500:1 are available in South Africa.

For more volatile instruments like cryptocurrencies, leverage is generally lower to mitigate risk. It's essential for traders to understand the leverage applicable to their accounts, as it significantly impacts trading risk and margin requirements.

Prohibited Countries

AvaTrade cannot open client accounts in certain countries due to regulatory restrictions. These prohibited countries typically include the United States, Belgium, and Iran, among others. Traders should check AvaTrade's website or contact customer support for a complete and updated list of restricted countries to ensure they can open an account from their location.

AvaTrade Account types

  MT4 Pip Rebate MT4 Spread Rebate**
Maximum leverage30:1 CBI, 400:1 Others
Mobile PlatformMT4 Mobile
Trading platformMT4, MT5
Spread TypeFixed Spread Variable Spread
Minimum Deposit100
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  MT4 Pip Rebate
Maximum leverage 30:1 CBI, 400:1 Others
Typical Spread 0.9
Trading platform MT4MT5
Mobile platform MT4 Mobile
Spread type Fixed Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  MT4 Spread Rebate**
Maximum leverage 30:1 CBI, 400:1 Others
Typical Spread 0.9
Trading platform MT4MT5
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

AvaTrade Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
avatrade.com
Organic monthly visits 696,051 (99%)
Organic traffic rank 37 out of 941 (Forex Brokers)
Paid monthly visits 5,078 (1%)
Total monthly visits 701,129
Bounce rate 45%
Pages per visit 5.73
Average visit duration 00:04:06.1140000

AvaTrade Profile

Company Name Ava Capital Markets Ltd
Categories Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates
Primary Category Forex Brokers
Year Founded 2006
Headquarters Ireland
Office Locations Australia, Chile, China, France, Ireland, Italy, Japan, Mongolia, Mexico, Malaysia, Poland, Saudi Arabia, South Africa
Account Currency AUD, EUR, GBP, JPY, USD
Client funds bank ANZ Bank, Danska Bank, Natwest Bank
Support Languages Arabic, Chinese, English, Dutch, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Swedish, Afrikaans, Mongolian
Funding Methods Bank Wire, Credit Card, Neteller, PayPal, Skrill, Webmoney, Boleto Bancario
Financial Instruments Futures, Forex, Shares, Indices, Bonds, Oil/Energies, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries Iran, United States
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

AvaTrade User reviews

4.2
(31 )
Ranked 55 out of 941 (Forex Brokers)
This rating is based on 29 reviews by users that proved they are real customers of this company and 2 that did not. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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AvaTrade Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  MT4 Pip Rebate MT4 Spread Rebate**
Forex0.46 Pips30% Of The Spread
Bonds0.46 Pips30% Of The Spread
Oil / Energies0.46 Pips30% Of The Spread
Metals0.46 Pips30% Of The Spread
Indices0.46 Pips30% Of The Spread
Soft commodities (coffee,sugar...)0.46 Pips30% Of The Spread
ETFs0.46 Pips30% Of The Spread
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  MT4 Pip Rebate
Forex 0.46 Pips
Bonds 0.46 Pips
Oil / Energies 0.46 Pips
Metals 0.46 Pips
Indices 0.46 Pips
Soft commodities (coffee,sugar...) 0.46 Pips
ETFs 0.46 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
  MT4 Spread Rebate**
Forex 30% Of The Spread
Bonds 30% Of The Spread
Oil / Energies 30% Of The Spread
Metals 30% Of The Spread
Indices 30% Of The Spread
Soft commodities (coffee,sugar...) 30% Of The Spread
ETFs 30% Of The Spread
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

AvaTrade does not pay commission until their revenue from all your trades exceeds any bonus amount.

** Rebates are not paid on the percentage of a trade using bonus money as margin.

Rebates are not paid to:
  • Residents of EU, UK, New Zealand, Israel, Hong Kong, Singapore.
  • Accounts registered with: Japan FSA, Israel ISA entities 

What are AvaTrade rebates?

AvaTrade rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do AvaTrade rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much AvaTrade rebates can I earn?

Use our forex rebate calculator to estimate your AvaTrade rebate earnings:

 
You must enter a valid number

AvaTrade Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Ava Capital Markets Australia Pty Ltd 30 : 1
Ava Trade Japan K.K. 25 : 1
Ava Trade EU Ltd up to €20,000 30 : 1
Ava Capital Markets Pty 500 : 1
Ava Trade Middle East Ltd 30 : 1
Ava Trade Ltd 3000 : 1

AvaTrade Symbols

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