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AvaTrade Review, Test & Rating in 2024

Autor: Florian Fendt — Updated in Jun 2024

avatrade review

AvaTrade Trader Rating

Rated 4.2 out of 5
4.2/5 stars (9 reviews)
AvaTrade was founded in 2006 and is regulated on 5 continents. AvaTrade currently has 250,000 registered traders worldwide who place more than 2 million trades each month. AvaTrade offers up to 24 languages. Ava Trade EU Ltd. is regulated by the CBI (Central Bank of Ireland).
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76% of retail investor accounts lose money trading CFDs with this provider.

Summary about AvaTrade

AvaTrade was founded in 2006 and has grown into a global broker. The unified account and fee structure as well as the wide range of learning materials make AvaTrade ideal for beginners. Cryptotraders are also in good hands with AvaTrade due to 24/7 trading. However, since AvaTrade does not offer an ECN or STP account and the selection is somewhat limited when it comes to 700 trading instruments, advanced traders should rather prefer other brokers.

All in all, our AvaTrade experience was rather positive.

AvaTrade review highlights
Minimum deposit in USD$100
Trade commission in USD$0
Withdrawal fee amount in USD$0
Available trading instruments700
Pro & Cons of  AvaTrade

What are the pros & cons of AvaTrade?

What we like about AvaTrade

AvaTrade has a unique trading feature for CFD brokers - 24/7 crypto trading. All cryptocurrencies (currently 8), can thus be traded at any time, minimizing possible gaps in the volatile crypto market and reliably triggering stoplosses. Avatrade offers many helpful webinars and lessons for curious traders. With 29% successful traders, Ava clients are above the market average. Spreads are below average for stock CFD's. As a new feature, AvaTrade, has introduced AvaProtect. With AvaProtect, traders can hedge their positions for a relatively low commission.

  • 8 cryptocurrencies
  • 24/7 Crypto Trading
  • Several regulations
  • AvaProtect

What we dislike about AvaTrade

AvaTrade's biggest problem is the slightly above-average spread and swap fees for commodities, forex and indices. Also, no ECN or STP account is currently offered, which is the preferred account structure for many successful forex traders. So AvaTrade is a 100% market maker here.

  • Slightly above-average fees
  • No ECN / STP account available
  • Limited choice of CFD futures
  • No US traders allowed
Available Trading Assets at  AvaTrade

Available trading instruments at AvaTrade

AvaTrade offers a wide range of trading instruments. In particular, the 24/7 crypto trading is worth highlighting.
AvaTrade currently offers over 700 trading instruments, including:

  • +55 forex/currency pairs
  • +23 indices
  • +5 metals
  • +6 energies
  • +7 agricultural products
  • +14 Cryptocurrencies
  • +600 Shares
  • +19 ETF
  • +2 Bonds
  • +50 FX options
 AvaTrade Review

Conditions & detailed review of AvaTrade

AvaTrade offers a simple account structure - a demo account and a real money account. Avatrade's fees are slightly above average. Currently on offer are 250 - 700 trading instruments, including 14 cryptocurrencies. For MetaTrader 4 traders, only around 250 trading instruments would be available. AvaTrade even offers 24/7 cryptocurrency trading, which is unique for CFD brokers. The software offered consists of the all-rounder Metatrader 4 & 5 as well as AvaOptions and AvaTradeGO a mobile / web trader. Learning materials and webinars are also available free of charge. AvaTrade does not offer an ECN or STP account.

Trading Platform of  AvaTrade

Software & trading platform of AvaTrade

AvaTrade offers a wide range of trading platforms. On offer are: MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGO as well as its own webtrader platform.AvaOptions

Depending on the platform, different trading instruments are tradable. For example, FX options are only tradable via AvaOptions. Most stocks, on the other hand, are tradable on the web or via MetaTrader 5 (MT5).

What is AvaOptions?

AvaOptions looks a bit confusing and is not suitable for the absolute trading novice. Here you can trade FX options. You can use a historical chart and confidence intervals to estimate the direction in which the market might move. At the same time you can see the risks and opportunities on the profit/loss diagram.AvaOptionen

In the picture on the right, you can also see the implied volatility. From this, among other things, the option prices are calculated. But it can also be used to draw conclusions for normal Forex trading. A high implied volatility would for example warn the trader of larger movements.

As with real options, up to 13 option strategies can be implemented with AvaOptions, from straddle, strangle to butterfly or condor. If you do not have an options broker, you can also trade these options directly via AvaTrade. However, we would like to point out that options are very complex and are probably too difficult for trading beginners.AvaTrade Options

AvaTradeGO and AvaProtect

The proprietary trading platform AvaTradeGO has some additional features that MT4 or MT5 do not have. For example, you can use the AvaProtect function, which protects the trader from possible losses. As compensation, a commission is due here.

What is AvaProtect?

With AvaProtect you protect your positions in advance, before you enter the trade. So if you are afraid that the trade will go into the red, you can pay a fee (depending on the position size) to minimize this risk. Once the protection ends and you have an open position that incurs losses, AvaTrader simply refunds the amount to your account. Thus, the only cost is the AvaProtect fees. Comparable to AvaProtect is dealCancellation from easymarkets.

How does AvaProtect work?

AvaProtect can be offered by AvaTrade, as they act as a market maker and process all orders in-house. Thus, orders do not have to be forwarded directly to the exchange first.

So especially trading beginners should have positive experiences with the offered platforms with AvaTrade.

Different Trading Accounts at AvaTrade

Your account at AvaTrade

To be fair, AvaTrade does not offer different accounts, unlike many brokers that stagger by deposit. So AvaTrade has only one account if you leave out the Islamic account, which AvaTrade the almost all brokers also offers. However, AvaTrade has different regulation and depending on the regulation there can be small differences.

By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.

To AvaTrade
76% of retail investor accounts lose money trading CFDs with this provider.
Deposit and Withdrawals at  AvaTrade

Deposits and withdrawals at AvaTrade

AvaTrade offers several deposit and withdrawal options. The minimum deposit is €100 for credit cards and €500 via bank transfer. People in the EU can deposit or withdraw money via the following payment methods:

  • Bank transfer
  • Credit cards
  • Skrill
  • Neteller
  • Webmoney

Unfortunately, PayPal is not currently offered. As a rule, withdrawals are processed within two business days.

AvaTrade charges an administration fee or inactivity fee after 3 consecutive months of non-use ("inactivity period"). Here, each subsequent Inactivity Period will have an Inactivity Fee* deducted from the customer's trading account balance. The inactivity fee is 50€. After 12 months this increases to 100€.

Service of  AvaTrade

How is the service at AvaTrade

AvaTrade is a truly global broker and offers over 35 service hotlines for different countries. There is also a dedicated number for Germany (+(49)8006644879), Switzerland (+(41)225510054) and Austria (+(43)720022655). AvaTrade's service is always available from Sunday 23:00 to Friday 23:00 (German time).

The following contact options are available:

  • E-mail
  • Telephone
  • LiveChat

As a further service AvaTrade offers a wide range of free learning materials. This includes trading tools but also online seminars / videos.

Is  AvaTrade regulated and secure or scam?

Regulation & Safety at AvaTrade

AvaTrade is a reputable broker, as can be seen from the large number of regulations. The central regulation for Germany would be the CBI (Central Bank of Ireland) for AVA Trade EU Ltd. - Further regulations include:

  • AVA Trade EU Ltd. is regulated by the Central Bank of Ireland (No.C53877).
  • AVA Trade Ltd is regulated by the B.V.I Financial Services Commission (No. SIBA/L/13/1049).
  • Ava Capital Markets Australia Pty Ltd is regulated by ASIC (No.406684).
  • Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984).
  • Ava Trade Japan K.K. is licensed and regulated in Japan by the Financial Services Agency (License No.: 1662) and the Financial Futures Association of Japan (License No.: 1574).
  • AVA Trade Middle East Ltd is regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority (No.190018).

Depending on the regulation, different trading conditions may apply. We primarily only discuss the CBI regulation here.

Highlights of AvaTrade

Finding the right broker for you is not easy, but hopefully you now know if AvaTrade is the best choice for you. If you are still unsure, you can use our forex broker comparison to get a quick overview.

  • ✔️ Free Demo Account
  • ✔️ Leverage 1:30 / Pro up to 1:300
  • ✔️ 24/7 Crypto Trading
  • ✔️ 14 Kryptopaare

Frequently asked questions about AvaTrade

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Is AvaTrade a good broker?

AvaTrade maintains a competitive trading environment and offers additional services such as AvaProtect, AvaOptions or AvaSocial.

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Is AvaTrade a scam broker?

AvaTrade is regulated in 9 countries and has a broad global corporate presence. No fraud alerts have been issued on the public websites of the authorities.

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Is AvaTrade regulated and trustworthy?

AvaTrade remains compliant with the rules and regulations of public regulators. Traders should consider it a safe and trustworthy broker.

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What is the minimum deposit at AvaTrade?

The minimum deposit at AvaTrade to open a live account is $100.

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Which trading platform is available atAvaTrade?

AvaTrade offers MetaTrader 4 (MT4), MetaTrader 5 (MT5) and proprietary AvaTrade trading platform as well as its own WebTrader.

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Does AvaTrade offer a free demo account?

Yes. AvaTrade offers an unlimited demo account for trading beginners or for testing purposes.

Trade at AvaTrade
76% of retail investor accounts lose money trading CFDs with this provider.

Author of the review

Florian Fendt
An ambitious investor and trader, Florian founded BrokerCheck after studying economics at university. Since 2017 he shares his knowledge and passion for the financial markets on BrokerCheck.

At BrokerCheck, we pride ourselves on providing our readers with the most accurate and unbiased information available. Thanks to our team’s years of experience in the financial sector and feedback from our readers, we have created a comprehensive resource of reliable data. You can therefore confidently trust the expertise and rigor of our research at BrokerCheck. 

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avatrade review
Trader Rating
Rated 4.2 out of 5
4.2/5 stars (9 reviews)
Excellent56%
Very good22%
Average11%
Poor11%
Terrible0%
To AvaTrade
76% of retail investor accounts lose money trading CFDs with this provider.

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