AvaTrade Review 2020

(You invest at your own risk)

AvaTrade is your complete solution for everything related to forex and CFD trading online, either on your desktop or your smartphone and tablet.

On the following page, you’ll find the complete review of Avatrade that covers the broker in detail.

We’ll cover AvaTrade pros and cons, the assets offered, the different platforms you can choose between, and we’ll take a closer look at the fees you have to pay to use the service.

Naturally, we’ll also discuss safety and offer a breakdown of the different licenses that AvaTrade has obtained over the years.

Find the best trading platform. You capital is at risk when trading. Be careful.

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Tested Trading Platforms

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

AvaTrade Ratings - By BullMarketz & Visitors
  • Support
  • Deposits & Withdrawals
  • Financial Instruments
  • Platform
4.3

AvaTrade Conclusion

AvaTrade holds a place among the absolute top brokers on the internet. They offer an impressive amount of trading platforms that can be adjusted to your personal needs and more than 250 assets in several markets. We like AvaTrade for their long and positive history as well as their selection of cryptocurrencies. However, we do think it can get confusing with so many platforms on the same account, it just feels a bit over the top.

Sending
User Review
3.04 (26 votes)

AvaTrade – The Background Story

AvaTrade was first launched under the name Ava FX back in 2006 and was operating as a forex broker for several years. The broker has since been upgraded to also offer CFDs, meaning you can trade everything from stocks and forex to cryptocurrencies with AvaTrade.

The goal with this broker has always been to offer a customer-oriented product and at that, they excel, especially when it comes to mobile-friendly solutions and automatic trading, ie. robots.

According to data from 2013, AvaTrade has more than 200,000 customers that perform 2 million trades a month. Very impressive numbers if you ask us.

The broker’s headquarters are located in Dublin, which is unique in this industry. What’s even more unique is that AvaTrade’s main broker license was issued by the Central Bank of Ireland, unlike most other brokers that have licenses from CySEC or the FCA, but more about that in a second.

Today, the AvaTrade is the main sponsor of the English football team Manchester City.

Find the best trading platform. You capital is at risk when trading. Be careful.

Is AvaTrade a Legitimate Broker?

In Europe, AvaTrade is regulated by the Central Bank of Ireland under reference number C53877. Even though that’s a rare setup, it’s more than enough to prove that AvaTrade is, in fact, serious and trustworthy

They also have a license from B.V.I Financial Services Commission (British Virgin Islands), the Australian Securities and Investment Commission (ASIC number 406684), the Financial Sector Conduct Authority in South Africa (FSCA no. 445984), and two separate authorities in Japan with license number 1662 and 1574.

By getting licensed from other regulatory bodies than most, AvaTrade receives certain benefits but also a few disadvantages.

For example, AvaTrade is allowed to offer bonuses to European traders which is a great benefit.

Also, Japan has some of the strictest regulations in the world and AvaTrade has managed to get two separate licenses from Japan which gives them access to a market that is usually not available.

In addition, AvaTrade can be used in most of Asia, Australia, and even in countries in Africa.

One of the main downsides of having different regulations is that it can feel easier for more people to opt-out and choose another broker with a license from CySEC, FCA, or another regulatory agency that is more well known.

That being said, AvaTrade definitely has all the licenses they need to be a reliable and serious broker.

Find the best trading platform. You capital is at risk when trading. Be careful.

Pros and Cons with AvaTrade

Pros:

  • Licensed and safe
  • Great variety of platforms on offer
  • Satisfying selection of assets divided into 8 different classes
  • Top-shelf trading robot on offer

Cons:

  • A poorly translated website that can hurt their reputation in non-English speaking countries
  • No license from CySEC or the FCA
  • High spread on certain assets
  • Only 250 different assets in total

Assets and Markets Offered by AvaTrade

There are just over 250 underlying assets that you can trade with using AvaTrade.

In order to give you an idea of what they offer we have listed the available assets, split into two categories: currencies and CFDs.

  • Forex – With an AvaTrade account you can invest in 50 of the world’s most popular currency pairs. The selection consists of big players such as the American dollar (USD) and euro (EUR), but also smaller currencies such as the Swedish krona (SEK) and Mexican peso (MXN). AvaTrade also offers leverage and educational material for both beginners and experienced traders.
  • Cryptocurrencies – AvaTrade is also a cryptocurrency broker. The selection is quite impressive compared to other brokers, and you can choose between Bitcoin, Bitcoin Cash, Ethereum (ether), Ripple, Dash, Litecoin, Monero, and EOS.
  • CFDs – Contract for Difference is a speculative form of investment where your job is to predict how the value of an underlying asset will move in a short period of time. The following assets can be bought as CFDs on AvaTrade’s platforms.
    Stocks – You can buy shares with AvaTrade. Some of the world’s largest companies are available, among them you’ll find Apple, Google, Microsoft, Samsung, and Barclays.
    Index – An index is a collection of stocks that are traded together. Two of the most well-known indices are the S&P 500 and NASDAQ, and both of them are available with AvaTrade.
    Exchange-traded Funds (ETFs) – ETFs are a collection of assets traded at the same price. It is an interesting way of trading and one of the benefits with an AvaTrade trading account.
    Commodities – You can trade commodities such as gold, crude oil, coffee, and silver on AvaTrade’s platforms.
    Bonds – Bond trading is a favorite among many older traders and something with AvaTrade, it’s available through both MetaTrader 4 and the AvaTradeAct platform.
    Options – Options is also a part of AvaTrade’s selection of assets. Options trading, just like CFD trading, is a speculative form of trading with shorter closing times.

Considering that AvaTrade only offers 250 tradable assets, the selection of markets is impressive. It’s apparent that AvaTrade has spent a lot of time and effort handpicking the best assets spread out over 8 asset classes. It’s not an easy task, but we think the broker did a great job.

Find the best trading platform. You capital is at risk when trading. Be careful.

Fees and Commission When using AvaTrade

Like any profit-seeking company, AvaTrade has to make money.

This is done by charging spread on each trade conducted on the broker’s platform as well as a few selected fees in certain situations.

This is what the system looks like for AvaTrade’s spread and fees.

Spread

AvaTrade spread changes depending on what asset you are trading and on which platform you trade on.

A certain asset might come with a fixed spread on one platform while it has a floating spread on another. It’s your job to either decide whether you like fixed or floating spread and stick with that, or you need to evaluate the situation before each trade to see which deal is cheaper.

The floating spread changes throughout the day and we suggest you apply that fluctuation to your investment strategy.

Generally speaking, AvaTrade’s spreads aren’t very competitive, but at times you can find really good deals.

AvaTrade Fees

There are a few fees that you should be aware of before you start trading with AvaTrade.

Almost every broker charges an overnight fee for positions held after the market closes, this is done to pay for the maintenance but also to cover large market movements that happen after closing.

Also, AvaTrade charges a rollover fee for most currency pairs, and there is an inactivity fee charged to accounts that haven’t been used for a predetermined amount of time.

AvaTrade Commission

As mentioned, AvaTrade is a commission-free broker, and the likelihood of them ever introducing a commission is slim.

AvaTrade Platforms

In order to accommodate as many traders as possible, AvaTrade has opted to offer a selection of the world’s greatest trading platforms.

MetaTrader 4 & 5

MetaTrader 4 is one of the most used forex trading platforms on the planet and for good reason.

The tool is easy to navigate and it comes with an excellent selection of analytic tools and features that make it as easy as possible to enter positions.

However, the platform was originally developed for forex trading, and that is still what it does best. Therefore, AvaTrade also offers the MetaTrader 5 which is better for CFD trading.

AvaTrade Trading Robots

Do you like trading with robots? Are you interested in getting started with automatic trading?

Then AvaTrade has everything you’re looking for. Their trading robots have been designed to work as efficiently for forex trading as they do for CFD trading and it’s great.

What is amazing is that there is more than one robot to choose from depending on the results you want to achieve.

AvaTrade Options

Moreover, AvaTrade has a platform designed for options trading if that is what you’re into. Trading CFDs and options are similar in many ways but there are also certain differences between the two methods.

Therefore, it’s recommended that you study these differences before you get started.

AvaTrade App – AvaTradeGo

Using AvaTrade’s platforms on mobile devices is just as easy as you would expect in 2020.

You have two choices, you can either download the MT4 app and start trading with their forex app on your mobile device, or you can download AvaTradeGO to trade CFDs.

Both apps are available on Android smartphones and tablets as well as on the Apple iPhone and iPad.

We’ve said it before and we will say it again, AvaTrade’s mobile platform is possibly the best in the world. In fact, few mobile trading platforms can compete with the AvaTradeGo app.

Open an Account with AvaTrade

Even though AvaTrade is licensed by different authorities than most brokers, their registration process is fairly similar to other brokers. That means that you have to register an account and verify your identity before you can start trading.

However, unlike most brokers, AvaTrade allows their customers to register an account using Facebook or Google and that makes everything much easier.

AvaTrade Demo Account

AvaTrade has an unlimited and free demo account that everyone is allowed to sign up for. There are many advantages of using the AvaTrade demo account, and we encourage you to check it out.

The demo account features $10,000 in virtual funds that you can use to trade on AvaTrade’s different platforms including the app. It’s a great way to test the broker to ensure that it’s a good fit for you.

Find the best trading platform. You capital is at risk when trading. Be careful.

AvaTrade Deposits and Withdrawals

The minimum deposit amount to open an account with AvaTrade is $100 which is fair and similar to most other brokers.

You can choose between depositing using your credit or debit card or a regular bank transfer. In addition, you can also deposit fund to AvaTrade using e-wallets such as Neteller, Skrill, and Paypal.

Keep in mind that you can only withdraw funds to the same account that you used for your original deposit. So make sure you use a payment method that you’re comfortable with. Also, please note that certain payment options, especially the e-wallets, might not be available in all jurisdictions.

Final Words

AvaTrade is a fantastic online broker for anyone looking to trade forex and CFDs on a range of top-shelf platforms or one of the world’s leading trading apps.

This broker is fully regulated and the official sponsor of Manchester City, which are both signs of how serious and trust-worthy they are. Moreover, they’ve managed to create a registration process that’s easier than most other brokers.

Today, AvaTrade is available in pretty much all of the world, although Europe remains their main market.

Find the best trading platform. You capital is at risk when trading. Be careful.

AvaTrade Ratings - By BullMarketz & Visitors
  • Support
  • Deposits & Withdrawals
  • Financial Instruments
  • Platform
4.3

AvaTrade Conclusion

AvaTrade holds a place among the absolute top brokers on the internet. They offer an impressive amount of trading platforms that can be adjusted to your personal needs and more than 250 assets in several markets. We like AvaTrade for their long and positive history as well as their selection of cryptocurrencies. However, we do think it can get confusing with so many platforms on the same account, it just feels a bit over the top.

Sending
User Review
3.04 (26 votes)

COMMENTS

WORDPRESS: 17
  • comment-avatar
    jacque 2 years ago

    I got scammed by a scam broker a couple of months ago it was very difficult to get a withdrawal after several failed attempts.

    • comment-avatar

      We are very sorry to hear that you got scammed, though, it sounds like it was another broker who did the scam? Avatrade is a regulated broker and as far as we know, they can be trusted.

      Use only regulated brokers, for EU CySEC is good and for the UK FCA is good.

      // Jim

  • comment-avatar

    I find avatrade to be a decent option, they have many different solutions on platforms and they offer free demo account. What bothers me is long time to cash out money, this is off putting. Can take about two weeks sometimes..

    • comment-avatar

      Hi,

      Avatrade is an excellent choice, and they are currently doing a lot of good updates to their product as well. Indeed, the demo account with Avatrade is a great option, although most brokers today offer free demo accounts, it is pretty standard.

      1. Sign up for the free test account and see what you think.
      2. It would be awesome if you could let us know what you think about the broker here in the comments.

      // Jimmy

  • comment-avatar
    Bard crew 2 years ago

    Do this broker offer a demo account? How can I sign up?

    • comment-avatar

      Hi Bard,

      Avatrade definitely offers a demo account, its completely free and the sign-up process for a demo account is much easier than for a real account, with a demo account you get full access to the platform and you can trade CFDs, Forex, Cryptocurrencies and much more. If you try Avatrade, let us know what you think here in the comment section, user reviews are always appreciated.

  • comment-avatar

    How does avatrade compare to other brokers? any other good alternatives you would recommend? I am asking because avatrade feels a bit old school if you ask me, there seems to be quite a lot of other more modern brokers around..

    • comment-avatar

      Avatrade definitely competes with a lot of the big brands out there, etoro, plus500, IQ Option and more. You will have to read through all of our reviews and make your mind up based on that, also we recommend that you set up a demo account with each broker so you can try their platform before you deposit real money.

  • comment-avatar
    Michael 2 years ago

    Is avatrade still a good broker for trading? I mainly want to trade cryptocurrencies

    • comment-avatar

      Hi Michael,

      Avatrade is still a great option, fully regulated and a neat looking trading platform. As for cryptocurrencies, you can trade bitcoin, ethereum, bitcoin cash, bitcoin gold and ripple.

  • comment-avatar

    Been eying this broker for some time now and I think I will sign up with them.. thanks for the reivew

    • comment-avatar

      Hi Carol,

      Making this Avatrade review was our pleasure, we are glad you like it. If you try Avatrade, feel free to drop us a user review in the comment section here..

  • comment-avatar

    Looks like another scam broker if you ask me, I have been waiting for my withdrawal now for over 1 week…

  • comment-avatar
    bitcoin mam 2 years ago

    Can I trade bitcoin with avatrade?

  • comment-avatar

    As far as CFD brokers go I think avatrade is one of the best brokers, though, I think there is a lot of other better investment strategies that are better then cfds.. sure profits can be good but so can losses be, same thing with forex trading or crypto trading.. safety first kids..

  • comment-avatar

    hello
    i warn they are scam my account number is 6480130 in ava trade broker .

    I had buy currency pair EUR TRY 3 lot and my target was 5.5800 .at 2018/07/09 market reached my target ,but they server has been disconnected.They stopped the server for ten minutes. For these ten minutes, the market has reached 40 pips higher than the designated
    Target. my positions Has not reached the target for this.The market was at an hour 21:13 to the point I determined to broker time. But they
    server was down .The definitive server must be announced by the broker beforehand.This is a violation of the rules.
    I officially objected to them, and they did not agree.

    Under international law, can Brooker at any time stop the server. And the price is reached At the definitive server time Does not count ??
    I Withdraw my money It took exactly 3 weeks to move to Turkey via the Swift transfer
    They have a very bad support. They do not respond to emails.
    my order numbers : 234576940. 234551788. 234452471

  • comment-avatar

    Avatrade comes across as a scam broker. I have seen a lot of complaints on different forums around the internet, though I am looking at their platform now and it looks really nice.. can I trade with them?