About its history and inception
AvaTrade was launched in 2006, with the very purpose of delivering online trading in a common way. The business, as it has evolved, has come to be regarded as one of the most reputable brokers in the field, offering traders a range of innovative solutions.
Mission and Vision
AvaTrade's mission is to give individuals the ability to trade with self-assuredness by providing a highly secure environment rich in trading features. It sees itself as the standard-setter in global exceptional trading conditions and customer satisfaction.
International presence
With its headquarters in Dublin, Ireland, AvaTrade is present in more than 150 countries and provides a multilingual platform and services adapted to regional conditions. The brokerage company maintains offices in Europe, Asia, and the Middle East exerting their presence.
Strengths and Weaknesses
Strengths
- AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world
- There is a wide range of financial instruments that can be traded across financial markets
- There are several technical indicators, economic indicators, and other solutions for advanced traders
- There are several trading platforms to choose from
- There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to
- There is a multitude of social trading opportunities offered
- The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others
Weaknesses
- Variable spreads are not offered
- There is a limited choice between account types
- Inactivity fees are applied
- Currency conversion fees may be applied
- There is a limited number of base currency options offered on accounts
Safety and Regulations
Certification
The broker is authorized by the following financial authorities: the Central Bank of Ireland, ASIC of Australia, FSA of Japan, and FSCA of South Africa, to make a trading platform really safe and secure.
Keeping of Funds Separated and Protection by Insurance
The trader uses segregated client accounts with top-tier banks. There is also protection against negative balances.
Instruments Available for Trade
Forex Pairs
With more than 55 forex pairs—mostly the majors, but also many minors and exotics—tight spreads and a flexible margin are linked to outstanding trade conditions.
Commodities
Trade traditional gold, silver, oil, and natural gas deals on very competitive terms with light margin requirements.
Indices
S&P 500, NASDAQ, FTSE 100, DAX 30; a wide range of global indices are available to traders, which allows them to diversify their investment portfolio.
Cryptocurrencies
Investing in major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, customers trading crypto assets are given fractional ownership of the digital asset market volatility.
Types of Accounts
Standard
| Minimum deposit | 0 |
|---|---|
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:400 |
| Margin call level | 25 |
| Stop-out level | 10 |
Fees and Charges
Spreads and Commissions
Spreads range from floating to fixed as low as 0.9 pips on forex. With commission-free trading, most accounts are very low cost.
Swap Rates
Costs differ from instrument to instrument when held overnight. Islamic Accounts do not incur overnight swap rates.
Inactivity Fees
An account is classified as dormant at the end of three calendar months, and a fee is charged for this reason.
Trading Platforms
| Available tools | Forex, Commodities, Share CFDs, Indices, Cryptocurrencies, ETFs, Bonds, FX Options |
|---|---|
| Cryptocurrencies | BTC, ETH, LTC, DOGE, XRP, ADA, MATIC, XLM |
| CFD | Forex: 53 Indices: 36 Energy: 5 Metals: 7 Commodities: 6 Cryptocurrency: 26 Stocks: 637 ETFs: 62 Bonds: 2 Options: 79 |
MetaTrader 4 and 5
The duo has been successful beyond MT4, incorporating quick trading infrastructure, technical indicators, Algo Trading, and improved charting tools.
AvaTradeGO
An exciting application built for trading via smartphone systems that are modern yet user-friendly.
WebTrader
No software installation needed; trade directly from AvaTrade's WebTrader platform with helpful tools and multiple languages.
Customer Support
Registration Process
The registration process is straightforward: complete a questionnaire, indicate account type, and submit identity verification documents.
Verification Requirements
Under KYC rules, identity and location proofs are required, such as a passport, driving license, or National ID.
Deposits and Withdrawals
Methods of Payment
E-wallets, credit/debit cards, bank transfers, Skrill, and Neteller are among the payment methods available.
Time needed to process
Processing time varies. Withdrawals may take between one and three days.
Challenges Pertinent to Associated Fees
No deposit charge; minor transaction costs may apply on withdrawals depending on the provider.
FAQ
Is the broker regulated?
Yes, AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland, ASIC, and FSCA.
What trading platforms are available?
MT4 and MT5 are available alongside AvaTradeGO and WebTrader.
What is the required minimum opening balance?
Most account types require an opening balance of $100.
What types of accounts does the broker offer?
AvaTrade offers Standard, Retail, Professional, and Islamic accounts.
What fees and commissions are charged?
Common fees include spreads and overnight margin costs. Dormant account fees also apply.
What is the highest available leverage?
The highest leverage is 1:400.
Are demo accounts available?
Yes, AvaTrade provides risk-free demo trading accounts.
How can I reach customer support?
Live chat is available for customer support.