Avatrade review
AvaTrade Review
AvaTrade offers not just extensive forex trading platforms and CFD traders but also competitive educational content. This is why it has earned a Best in Class rating for Beginners for 2022 from our testing. Our tests found that the AvaTrade broker is great for copy trading, competitive on mobile, and generally in line with the industry average in terms of pricing and research. Let’s have an in-depth analysis & get an honest Ava trade review of its features.
AvaTrade is a forex broker founded in 2006 with headquarters in Ireland. The company has offices worldwide and offers many of the best forex trading platforms for both web, desktop, and mobile devices, such as spot forex and CFDs on cryptocurrencies. The company holds licenses across the world to provide services legally; its regulator is the Central Bank of Ireland, which also provides up to EUR 20K coverage for clients should their broker ever go bankrupt. Ava Trade Ltd. does not directly run operations or provide service in Canada but works via a partnership with Friedberg Direct, which required regulatory approval from FINTRAC (Financial Transactions and Reports Analysis Centre).
Is Ava Trade safe?
AvaTrade is considered low-risk, with a Trust Score of 93 out of 99. Ava Trade is not publicly traded and does not operate a bank. In addition to this, they are authorized by three tier-1 regulators (high trust), which include the Australian Securities and Investment Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), and the Japanese Financial Services Authority (JFSA).
Offers of investments
Ava Trade offers a variety of investment products, from stocks to currency. The amount and types of markets available depend on the trading platform you chose and which global entity holds your account. Ava Trade has 1,260 symbols and nearly the same number in WebTrader. You can use AvaTrade to trade in cryptocurrency, but you cannot buy the actual asset.
Note: avatrade Crypto CFDs are not available to retail traders from any broker’s U.K entity, nor to UK residents.
| Feature | AvaTrade |
|---|---|
|
Forex Trading |
|
|
CFD Trading |
|
|
Tradeable Symbols (Total) |
1260 |
|
Forex Pairs (Total) |
55 |
|
US Stock Trading (Non CFD) |
|
|
Int'l Stock Trading (Non CFD) |
|
|
Cryptocurrency (Physical) |
|
|
Cryptocurrency (CFD) |
|
|
Social Trading / Copy-Trading |
|
Fees
AvaTrade spreads are close to the industry average at just under one pip (0.9 pips). They’re slightly higher than you’ll find on CMC Markets’ and Tickmill’s entry-level accounts, though.
For qualified professionals, Ava Trade’s Professionals account offers competitive spreads with 0.6 pips and is comparable to FP Markets.
| Feature | AvaTrade |
|---|---|
|
Minimum Deposit |
$100.00 |
|
Average Spread EUR/USD - Standard |
0.91 (August 2020) |
|
All-in Cost EUR/USD - Active |
0.61 (August 2020) |
|
Active Trader or VIP Discounts |
|
|
Execution: Agency Broker |
|
|
Execution: Market Maker |
|
|
Avatrade No Deposit Bonus |
|
|
Avatrade Bonus |
|
AvaTrade Leverage
Avatrade has a maximum 400:1 Avatrade leverage on their platform, but if your account is held in the EU, it can only be 30:1.
Mobile trading apps
Ava Trade has a range of mobile apps, which will satisfy most traders. They might not be as advanced as the ones provided by category leaders like TD Ameritrade and CMC Markets, but they’re still quite good. AvaTrade is always improving in this field to provide you with the best experience possible!
Overview of Avatrade App:
Ava Trade provides its proprietary mobile platforms, AvaTradeGO and AvaOptions, as well as the full MetaTrader suite, Avatrade MT4 and Avatrade MT5, for Android phones.
Easy to use:
AvaTradeGo is an app that closely resembles its web counterpart. It includes a default set of watchlists and the AvaProtect feature, which will hedge your risk on open trades with AvaTrade forex options.
Charting:
AvaTrade GO has a wide range of indicators, though I found it difficult to access them. The app also lacks drawing tools and only offers three chart types at the moment. Trading Central provides integrated research and related apps that mirror what’s available on its web platform, which makes for more success in mobile trading than the AvaTrade GO App currently offers. All in all, the charts are good but have room for improvement within the AvaTradeGo app.
AvaOptions:
AvaOptions has a unique approach to displaying avatrade option-chain data. The app overlays strike prices onto a chart, allowing traders to change the strike price simply by dragging it up or down—this is an incredibly helpful feature I’ve found!
There are also 14 default options trading strategies available, and selecting one will automatically populate your order ticket with related contracts.
Other AvaTrade Platforms
AvaTrade was once again awarded for best copy trading platform by 2022, thanks to our extensive offering of AvaTrade copy trading platforms.
Platforms overview:
Ava Trade offers two proprietary platforms (Ava Trade WebTrader and AvaOptions), the full MetaTrader suite, ZuluTrade, as well as DupliTrade (accessible via WebTrader).
Charting:
AvaTrade’s WebTrader platform has 90 indicators, 13 drawing tools, 10-time frames, and 3 chart types. This is a far cry from industry leaders such as IG, Saxo Bank, or CMC Markets, which offer many more features in terms of depth and richness of options. For example, I discovered that when it came to charts, data appeared compressed on the screen, making me constantly zoom out by dragging up or down just to decompress prices.
Trading tools:
I found the proprietary WebTrader platform to have a well-designed responsive layout. Ava Trade won our award for #1 Innovation in 2021 due to its quick evolution as a new AvaTrade platform. I was also pleased to find Trading Central’s suite of trading tools integrated within the WebTrader platform and alerts are only found in the mobile version but AvaProtect is included on both platforms.
Copy-trading:
AvaTrade has made significant progress over the years in expanding and enhancing its copy trading service, which is available at competitive rates. Ava Trade offers a variety of services, including ZuluTrade, DupliTrades, and Signals. Additionally, it offers Pelican Exchange’s native service, Avasocial, as part of their partnership with them in the U.K., where they have had success so far.
AvaOptions:
AvaOptions is a forex options platform for both desktop and mobile. It provides only the Windows version, which requires Microsoft’s. NET Framework 3.5 SP1 to be installed before use. This might put off some traders who are not yet confident in their knowledge of technicalities like these. The layout may also seem complex if you’re unfamiliar with professional trading platforms; it would benefit from being redesigned more simplistically for beginners.
Research
Ava Trade has made improvements in its research offering and granted access to Trading Central research modules. However, it cannot stack up against the best forex brokers when it comes to providing quality content.
Research overview:
AvaTrade has a variety of features that are exclusively available through Trading Central, including Market Buzz, Analyst Views, and Featured Ideas. Ava Forex also offers trading with ZuluSocial, DupliTrade, and more via Avatrade copy trading.
Market News and analysis:
AvaTrade provides daily market analysis articles and videos on its blog, as well as on Vimeo and YouTube.
Education
AvaTrade Forex has a rich array of educational content from its in-house staff and SharpTrader, as well as third-party providers like Trading Central. AvaTrade finished Best in Class for Education in our 2022 review, taking second place.
Learning Center:
AvaTrade provides a variety of educational content from its in-house staff and third-party providers. AvaTrade finished as the best broker for our 2022 review; it took second place for its website, which features 103 comprehensive articles that cover beginner and advanced topics.
Pros & Cons
- AvaTrade is regulated in three tier-1 and three tier-2 jurisdictions, making it one of the safest brokers (low risks) for trading CFDs and forex.
- Along with MetaTrader, AvaTrade offers its proprietary platforms such as the web-based trading platform and mobile app AvaTrade WebTrader, which has additional features like antivirus security.
- The AvaOptions app, powered by Sentry Derivatives, provides you with a quality forex options mobile trading platform through the AvaTrade website.
- AvaTrade offers 44 forex options, in addition to more than 1,200 CFDs.
- Retail accounts get a fair price, but they’re always playing catch-up with the leaders in terms of pricing.
- The AvaOptions desktop platform is slow to load and has an outdated design, while its mobile counterpart matches this sleek responsive design.
- Out of 1,260 available symbols, 351 are on hold for both the MetaTrader and WebTrader platforms at AvaTrade.
- All research is limited to Trading Central modules, and just one or two articles and videos per day.
Final thoughts
AvaTrade is an excellent broker for traders when it comes to its selection of trading platforms and educational content. Its range of tradeable markets has nearly doubled over the past year, while spreads for clients designated as professional traders in the EU are quite competitive.
How long do Ava Trade withdrawals take?
When you withdraw money at AvaTrade, the time it takes is between one and two business days. This amount of time is comparable to that of nearly all forex brokers. The withdrawal time can also vary depending on your chosen withdrawal method; make sure to check with your broker before withdrawing if a considerable amount of time has passed since opening up their account so they can process your request properly!
What is the AvaTrade minimum deposit ?
It has a variety of account types and an AvaTrade minimum deposit, depending on the type of currency you are trading. For example, if your account is in USD, it will have a $100 minimum deposit for AvaTrade, whether you fund via wire or credit card. That said, Ava Trade recommends that traders start with one to two thousand units of their preferred base currency (EUR, GBP, or AUD) for a more comprehensive experience across its products.
Is my money safe in AvaTrade ?
AvaTrade is the world’s most trusted online broker. It has been regulated by more than 300,000 customers with millions of dollars in deposits. There are always risks when it comes to investments and choosing a broker, but you should always look for brokers that are well-capitalized and highly ava trade-regulated, in addition to being secure from cybersecurity threats like AvaTrade, which complies with WebTrust standards, as well as following the best practices to protect client information. Forex Risk Disclaimer Trading Securities can be a risky business.
With margin-based trading and off-exchange derivatives, there is considerable exposure to risk that might not be met by regulatory protection or market volatility. The methods presented in these products may not yield a profit, or they could lead to losses.
Risk
Warning: CFDs
are complex instruments and come with a high risk of losing money rapidly due
to leverage. 73% of retail CFD accounts lose money. You should consider whether
you understand how CFDs work and whether you can afford to take the high risk
of losing your money.