AvaTrade Review: Everything You Need to Know

AvaTrade Review

AvaTrade is an award-winning trading broker that operates in multiple countries. They offer a wide range of trading options across different markets, with over 1250+ instruments to choose from. Their trading platforms are easy to use, and they provide excellent trading conditions such as low fees, competitive spreads, fast execution, multiple account types, various funding options, and great customer support. Overall, AvaTrade is a top choice for online trading due to its strong regulation, industry-leading conditions, and hassle-free experience.

Review: Pros & Cons

Regulation

AvaTrade is a trading broker that is regulated in several countries, including the EU, Japan, Australia, South Africa, and the British Virgin Islands. This means they have to meet high standards for handling client funds, security measures, and financial reporting. Trading with a broker regulated in multiple countries gives you confidence and assurance that you’re dealing with a trustworthy and reliable broker.

– AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877).

– Ava Trade Markets 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 the 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), the Financial Futures Association of Japan (License No.: 1574).
– Ava Trade Middle East Ltd is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018).
– DT Direct Investment Hub Ltd. is regulated by the Cyprus Securities and Exchange Commission (No. 347/17).
– ATrade Ltd is regulated in Israel by the Israel Securities Authority (No. 514666577).

Trading Platforms

AvaTrade enables individuals to trade and invest online. They provide a variety of standalone and online trading platforms to accommodate different types of traders and give them access to various markets.

Whether you’re a beginner or an experienced trader, AvaTrade’s platforms are user-friendly and easy to navigate. You don’t need any prior experience to start using them. Additionally, you have the option to open a free demo account, allowing you to try out the platforms without any risk before deciding to invest your money.

AvaTradeGo

AvaTradeGO, won the Best Forex Trading App 2020. This user-friendly app offers a sophisticated dashboard, complete with intuitive management tools, clear charts, zooming capabilities, and other unique features. Whether you’re on the move or exploring global markets, AvaTradeGO provides a smooth trading experience with live feeds, social trends, and a range of helpful tools. Discover new trading opportunities and enjoy the flexibility to trade from anywhere in the world with this intuitive mobile app.

WebTrader

The AvaTrade WebTrader platform is user-friendly and has a modern design, making it easy for both beginners and experienced traders. It doesn’t require any downloads or installations since it runs directly in web browsers, which is convenient if you switch between devices frequently. With WebTrader, you can stay updated on the market without spending too much time on analysis. Buying and selling assets is quick and straightforward, and you can see real-time data on what other AvaTrade traders are doing. This allows you to make informed decisions based on live market sentiment. However, if you need more advanced technical indicators for complex market analysis, you might want to explore other platforms as WebTrader has some limitations in that area.

AvaSocial

The AvaSocial app allows you to learn from experts and connect with peers while automating your trading. It’s popular among beginners and advanced traders alike. New traders can gain market exposure and learn from experts, shortening their learning curve. Experienced traders can save time by getting a clear market view without daily research. With the AvaSocial mobile app, you can follow and copy trades, learn from professionals, ask questions, and discover new strategies. If you’re short on time, social trading can be a helpful solution. It’s a good idea to try copying signals on a demo account to find a reliable trader.

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is a very popular trading platform used by millions of traders around the world. It provides a powerful and flexible trading environment suitable for beginners and professional traders. You can download MT4 for free on your desktop or mobile device or access it directly through your web browser without installing any additional software. If you want to use automated trading robots, MT4 has the widest selection of add-ons, including free and paid options, available on its market. Please note that robots can only run on the desktop version of the platform, which must be constantly running for them to trade. 

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is an upgraded version of the MetaTrader platform, offering enhanced trading capabilities, more technical analysis tools, different order types, extended timeframes, charting features, Advanced automated trading and copy trading signals. Despite these extra features, many traders still prefer to use MetaTrader 4 (MT4) due to the wide availability of free online tutorials and tools. If you just focus on forex trading without in-depth market analysis, then MT4 is enough. However, if you want to trade stocks and have access to a wide range of professional tools, the more advanced MT5 platform may be more suitable. 

Social Trading Platforms

AvaTrade provides access to top-notch social trading platforms that offer a range of automated trading software. These platforms allow you to copy the trades of experienced forex traders. With automated trading, you can replicate other traders’ trades directly to your own trading platform or account. This means you can follow their signals or mirror their complete strategies, benefiting from their expertise. AvaTrade’s automated trading platforms are particularly helpful for individuals with limited time or trading knowledge, as they allow easy entry into trades. However, it’s important to note that while copying signals from other traders it’s risky as there is no guarantee of their performance.

DupliTrade

DupliTrade is a transparent and user friendly platform that enables you to automatically replicate the actions of expert traders directly into your AvaTrade trading account. It takes your trading experience to a new level by providing a diverse portfolio and a range of successful strategies created by skilled traders. These traders have been carefully chosen based on their demonstrated track record and proven history in trading.

ZuluTrade

ZuluTrade is a popular and widely used social platform for traders. It showcases other traders’ trading strategies, allowing you to automatically follow and copy their signals to your AvaTrade account. You have the ability to explore and filter available trading strategies, choosing those that suit your risk preferences and trading requirements.

AvaOptions

The AvaOptions platform was designed to simplify options trading on both mobile and desktop devices. It allows you to express your view of the market through calls and puts while providing built-in tools for optimizing returns. With over 40 forex options available, you can combine various buy and sell options to build your desired portfolio. AvaOptions supports various strategies such as straddles, chokes, risk reversals and gaps. It provides complete portfolio control and allows you to balance risk and reward based on your market outlook. The platform includes professional risk management tools, portfolio simulations and more. Calls and puts can be activated with pre-defined premiums, giving you more control over trade entry and exit. AvaTrade also offers comprehensive money management features, allowing you to trade multiple accounts with a single ticket.

Tools

AvaTrade provides traders with a variety of useful tools and services to enhance their trading. These include an economic calendar for staying updated on market news, software for technical and fundamental analysis, trading calculators, and real-time market updates. These tools help you analyze potential trading opportunities and enhance your overall trading experience. While the platform already offers helpful tools, having access to additional ones would be beneficial.

Trading Central

AvaTrade offers Trading Central, an award-winning automated technical analysis tool running on MetaTrader desktop and mobile platforms. Trading Central scans and analyzes markets, identifying trading opportunities for hundreds of financial instruments based on sophisticated detection engines.  

Chart pattern recognition: Easily identify various chart patterns, including emerging and completed patterns, with a pattern quality indicator to aid in decision-making.

Trading Central Feautures

Fibonacci pattern recognition: Automatically detect a range of simple and complex Fibonacci patterns, such as retracements and butterflies.

Key level analysis: Set stops and limits effectively by identifying support and resistance levels, categorized as breakout or approach levels.

Pattern Quality Indicator: Four visual indicators provide a quick assessment of the probability of a pattern completing.

Quality Risk Management Tools: Enhance your risk management strategy with tools like the Risk Calculator, Volatility Indicator, and Statistical Analysis tool, optimizing stop loss and take profit placements.

Economic Calendar

The AvaTrade global Economic Calendar includes regular financial events that have an impact on the financial markets. Experienced traders incorporate these events into their fundamental analysis trading strategies and make trade plans accordingly. These events can cause fluctuations in the value of various instruments, usually on a smaller scale.

AvaTrade’s Market Analysis

AvaTrade provides timely fundamental and technical market analysis to keep traders informed about the latest market movements. This analysis assists in making informed decisions during trading. The broker offers top-level market analysis through its educational site, Sharp Trader. On Sharp Trader, you can access daily news, analysis, and other updates relevant to various instruments and platforms.

Trading Position Calculator

Proper risk management is very important for traders. When dealing with volatile markets, it is important to assess potential gains, losses and transaction costs. The AvaTrade calculator is a valuable tool for calculating these risks before executing your next trade. This saves time by eliminating the need to repeat math calculations and is especially useful if you are unsure of your math skills.  

Education

AvaTrade offers a variety of free educational materials to enhance traders’ knowledge. These resources include videos, articles, eBooks, and daily market reviews in multiple languages. They cater to both beginners and advanced traders.

The educational content covers a wide range of trading topics, including money management, trading platforms, strategies, fundamental and technical analysis, and various markets. AvaTrade is committed to empowering traders and investing with confidence through knowledge and education. The educational materials are especially valuable for those new to trading, providing comprehensive advice. While experienced traders are familiar with the topics covered, the abundance of educational resources reflects AvaTrade’s commitment to helping clients make informed trading decisions. 

Sharp Trader

AvaTrade customers enjoy special privileges with the inclusion of Sharp Trader’s top-notch educational platform, designed to enhance their expertise and abilities. Sharp Trader provides an extensive collection of educational videos, articles, daily news updates, and trading tools. The topics covered encompass a broad spectrum, starting from fundamental trading strategies and progressing to the advanced tactics employed by seasoned professionals. This platform takes traders on a comprehensive journey, equipping them with the knowledge needed to excel in the trading world.

Markets

AvaTrade offers an impressive range of more than 1250 instruments, meeting the diverse needs of traders. Their vast range includes various asset classes such as Forex, Commodities, Cryptocurrencies, Stocks, Stocks, Indices, Metals, Energy, Options, Bonds, CFDs and ETFs. In fact, AvaTrade has one of the most comprehensive selection of tradable instruments of any broker I have ever come across. 

Accounts

AvaTrade offers a simple approach to their trading account. They offer two main options:
Standard retail accounts and professional accounts. Opening an account requires a minimum deposit of only $100. Instead of charging a commission on trades, AvaTrade applies a flat spread starting from 0.9 pips. It is important to be aware of the swap and inactivity fees associated with the account. One notable feature is that AvaTrade bundles all the features and services available in one account.

It should be noted that AvaTrade does not offer zero spread accounts. Instead, the entire transaction cost has been incorporated into the spread. While some day traders prefer zero spreads with separate commissions for opening and closing positions, AvaTrade follows a different model. 

Demo Account

AvaTrade offers demo accounts if you want to test different platforms and trading conditions before opening a real account with them. This can be a good way to familiarize yourself with the broker before trading on a live account.  

Professional Account

To obtain a professional account with AvaTrade, traders need to submit an application and fulfill certain criteria. For individuals residing in the European Union (EU) who wish to qualify for a professional account, they must meet specific requirements. These include engaging in substantial trading activity over the past 12 months and possessing relevant experience in the financial sector or a financial portfolio exceeding €500,000. These eligibility criteria stem from the rigorous regulations set by the EU.

Support

AvaTrade’s award-winning customer service is available 24/5 in 14 languages ​​by phone, chat and email. There is always someone available to answer your questions if needed. You can find a list of phone numbers for each country on the broker’s website as well as a very comprehensive help center covering all the topics you would expect.  

One potential drawback of AvaTrade is that they do not offer customer support on Saturdays and Sundays. This limitation can be particularly problematic for traders involved in 24/7 cryptocurrency trading. In the event of a crypto trader encountering an issue or needing assistance over the weekend, they would be unable to reach out to support until the following Monday. This restriction may be considered a drawback for those who require immediate assistance during weekends.

Funding

AvaTrade offers a variety of convenient deposit and withdrawal options, including bank transfers, credit/debit cards, and online payment processors. Offering e-wallet deposit options allows for faster transfers to and from trading accounts. 

AvaTrade, as a regulated broker, places strong emphasis on adhering to strict regulations established by regulatory authorities. This commitment ensures that all traders can conduct their business with reliability, convenience, and security, especially when it comes to depositing or withdrawing funds. By upholding these regulations, AvaTrade provides a trustworthy and secure environment for traders to engage in their financial activities.

AvaTrade offers the convenience of opening accounts in multiple currencies, including USD, GBP, EUR and JPY. This wide range of currency options is beneficial because it eliminates currency conversion fees for traders operating in their own currency.

However, it is important to note that AvaTrade, although offering cryptocurrency trading, does not accept or offer cryptocurrency. This can be seen as a disadvantage for those merchants who regularly use cryptocurrencies as a payment method. The lack of crypto funding options can limit the flexibility and convenience for these traders on the platform. 

Conclusion

AvaTrade, especially since they have very strict regulations in some jurisdictions to protect their clients. I love being able to trade with peace of mind.

The trading platforms provided are easy to use and suitable for different types of traders, giving you an enjoyable trading experience with low spreads, low commissions and fast execution speed. They offer you a great range of trading tools in different asset classes.

The broker also offers a variety of trading tools and educational materials free of charge, while the customer support team is ready to answer any questions quickly and in a friendly manner. Their award-winning customer service representatives are here to help with any business issues you may have.