AvaTrade Review 2023 - Verified Customer Reviews

Regulations and Money Protection

Entity/Regulation

• International customers: Ava Trade Ltd will be the counterparty for International customers. This entity, with registered address at Euro American Trust Building, PO Box 3483, Road Town, Tortola, British Virgin Islands, is regulated by the BVI Financial Services Commission with licence no. SIBA/L/13/1049.
  
  
• European customers: Ava Trade EU Ltd, with registered address at AvaTrade Financial Centre, Five Lamps Place, Amiens Street, Dublin 1, is incorporated in Ireland and is regulated by the Central Bank of Ireland. AVA Trade EU Ltd is a licensed investment firm compliant with the Markets in Financial Instruments Directive (MiFID).
  
  
• Australian customers: Ava Capital Markets Australia Pty Ltd (ACN 143 340 907), located at Level 13, 2 Park Street, Sydney NSW 2000 Australia, is licensed by the Australian Securities & Investments Commission (ASIC) with licence number ASFL 406684. Ava Capital Markets Australia Pty Ltd is registered to carry out financial services business in Australia, limited to the financial services covered by its AFSL licence.
  
  
• Japan customers: Ava Trade Japan K.K. with address at Minatoku Akasaka 2-18-1, Akasaka Hillside Building (4th Floor), Tokyo, Japan, is licensed and regulated in Japan by the Financial Services Agency, with licence number 1662 and by the Financial Futures Association of Japan with licence number 1574.
  
  
• South Africa customers: Ava Capital Markets Pty, registered in South Africa with company number 2015/074039/07 and with registered address at 70 Grayston Drive, 2nd Floor, Sandton, Johannesburg, South Africa 2196, is authorized and regulated by South Africa's Financial Sector Conduct Authority (FSCA) with a financial services provider licence number 45984.
  
  
• UAE customers: Ava Trade Middle East Ltd, located at 2424, 24th Floor, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, UAE, is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) with a Financial Services Permission Number 190018.
  
  

Client Money Protection

• AvaTrade complies with the highest safety standards for client's funds. For this reason, AvaTrade client's funds are kept in top-tier international banks, such as ANZ Bank, Danska Bank, NatWest Bank, fully segregated from the company's funds.
  
  
• AvaTrade also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. AvaTrade holds client's money separately to the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation Scheme

Negative Balance Protection

Accounts, Instruments and Platforms

Account types and currencies

• AvaTrade has just two trading account types; Standard and Pro. A special note here. The Pro account is reserved only to professional traders that meet the required profile to qualify*. AvaTrade also offers swap-free accounts for traders of Islamic belief.
  
  
• AvaTrade allows for social trading, including copy trading, available through DupliTrade and ZuluTrade.
  
  
• AvaTrade does not offer PAMM accounts alternatives for money managers.
  
  
• AvaTrade maximum leverage is 30:1 for accounts opened in Europe and Australia, and up to 400:1 for accounts opened in other countries around the world.
  
  
• Currently, AvaTrade trading accounts are only available in AUD, EUR, GBP, JPY and USD.

1.    Sufficient trading activity in the last 12 months
2.    Relevant experience in the financial services sector
3.    Financial instrument portfolio of over €500,000 (including cash saving and financial instruments)
   

Financial instruments

• FX market - 60 currency pairs (including Minor and Exotic crosses).
  
  
• Indices - 23 world indices, including CAC 40, FTSE 100, Nikkei 225 and NASDAQ 100.
  
  
• Stocks - 600+ stocks CFDs from worldwide top companies and banks, such as Harley Davidson, Ryanair, Lloyds or Ferrari. Also provided by AvaTrade, 31 ETFs and 2 bonds Euro-bund and Japan Govt. Bond).
  
  
• Commodities - 26 commodities CFDs available for trading; 5 metals (Silver and Gold included), 5 energies including UK Oil, US Oil and Nat Gas and 7 soft commodities including Sugar, Coffee and Cocoa. To complete the commodities offering AvaTrade has also 9 Futures contracts; 4 metals and 5 energies.
  
  
• Cryptocurrencies - 13 CFDs crosses for trading, including Bitcoin, Ripple, Stellar, Dash, Eos and Litecoin.
  
  

Pricing

Spreads

Rollover Rates

Deposits/Withdrawals and Other Fees

• Deposit fees - Trading accounts can be opened in 5 different currencies and maintained via 5 different funding methods, including cards, bank wires and e-payments such as Webmoney, Neteller and Skrill. Deposited funds are available almost instantly (with credit and debit cards). AvaTrade does not charge any fees for deposits.
  
  
• Withdrawals fees - Same policy applies for withdrawals (processing times vary depending on the withdrawal method chosen, it can take between 1-10 working days). Traders can only withdraw after passing the verification process. For more information, please visit the AvaTrade deposit and withdrawals dedicated page.
  
  
• Inactivity fee - AvaTrade charges an inactivity fee after 3 consecutive months (called the Inactivity Period) of no trading activity on the account. An inactivity fee of $50 will be deducted from the customer's trading account balance (and for every successive Inactivity Periods of 3 months). This fee is subjected to the customer's relevant currency base account. After 12 consecutive months of non-use an Administration fee of $100 will be deducted.

Popularity

• Trading accounts - The AvaTrade Pro trading account is not a very popular choice with traders looking to save on trading costs. With a fixed spread of 0.6 (that often wides on extreme volatility or news events), and even without commissions, this account is just average when compared with other brokers. Still, some extra popularity points for AvaTrade's policy of no fees on deposits or withdrawals.
  
  
• Forex education - AvaTrade earns a couple of popularity points for their range of Forex education materials available on the Education tab. Traders can find and enroll on FX courses, watch and learn with trading videos, download eBooks, practise with some trading strategies, read and follow AvaTrade market analysis.
  
  

• Minimum deposit - Opening a trading account with AvaTrade is quite easy and fast, taking around 15 minutes to complete all the forms with the required information. The minimum deposit requirement for the Standard account is 100 currency units. If traders are funding their accounts via bank wire, then the minimum deposit is 500 units of the denominated account currency.
  
  
• Customer support - AvaTrade's multi language customer support service is available 24 hours, 5 days a week, in 14 languages. AvaTrade's support is available via global phone numbers (depending on jurisdiction), email and live chat directly from the broker's website.

Broker Profile