AvaTrade is an international CFD broker that has successfully established its presence since its inception in 2006, initially operating under the brand name AvaFX. With a significant client base, AvaTrade has emerged as a popular choice for investors seeking a platform to trade on. 

AvaTrade has made significant strides in expanding its reach across the globe. Operating as a regulated broker in seven countries, including Ireland, Australia, Japan, and several others, AvaTrade has positioned itself as a trusted partner for traders worldwide. The broker prides itself on offering a user-friendly platform that caters to both novice and experienced traders. 

This AVATrade Broker review will delve into the Broker’s regulation, assets offered, trading platforms, customer support, and others. By the end, you will comprehensively understand AVATrade’s services and offerings.

Supported Countries

AVATrade is a global Forex and CFD broker that accepts clients from various countries across the globe, subject to regulatory restrictions. 

AVATrade accepts clients from Austria‎ , Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Australia, South Africa, Nigeria, Argentina‎, Brazil, Chile, Colombia, UAE, Mexico, Japan, Australia, South Africa, the United Arab Emirates, and the British Virgin Islands, among other countries. These regions represent some of the major trading hubs in the world, with a high demand for Forex and CFD trading services.

However, due to regulatory restrictions, AVATrade does not accept clients from some countries, including Belgium, Cuba, Iran, Syria, the United States, Canada, and New Zealand. The Broker complies with each country’s regulations, ensuring that it operates within the legal frameworks of each jurisdiction.

Customer Service Rating

AVATrade rating on Trustpilot shows that the Broker has an « Excellent » rating on Trustpilot, with a 4.7 rating out of a possible 5, based on 7,737 reviews. This indicates that most customers who reviewed AVATrade on Trustpilot had a positive experience with the Broker’s customer service.

Positive reviews praised AVATrade for its multiple regulations, providing excellent service, and ensuring clients are comfortable and satisfied with the platform. Negative reviews criticized the Broker for misappropriation of money from replenishment.

AVATrade Trading Platforms

AVATrade offers multiple trading platforms to cater to the needs of different types of traders.

• WebTrader: AVATrade’s Web Trader is a user-friendly trading platform that does not require downloads or installations. Traders can access the platform directly from their web browser, making it convenient for traders who prefer to trade from their desktop or laptop. The Web Trader platform offers advanced charting tools, technical analysis indicators, and automated trading capabilities.
• MetaTrader4: MetaTrader 4 is a popular trading platform among Forex traders, known for its advanced charting tools, technical analysis indicators, and automated trading capabilities. AVATrade offers MetaTrader 4 to its clients, providing them access to a wide range of Forex currency pairs and other instruments.
• MetaTrader5: MetaTrader 5 is the successor to MetaTrader 4, offering enhanced charting capabilities, advanced trading tools, and more features. AVATrade also offers MetaTrader 5 to its clients, providing them with access to a wider range of instruments, including stocks, indices, commodities, and cryptocurrencies.
• Automated Trading: AVATrade’s trading platforms support automated trading, which allows traders to use algorithmic trading strategies and expert advisors to execute trades automatically. This feature is available on MetaTrader 4 and 5 platforms and is suitable for traders who prefer automating their trading activities.
• AvaTradeGO: AvaTradeGO is a proprietary mobile app developed by AVATrade, which allows traders to access their accounts, monitor their positions, and place trades while on the go. The app is available on iOS and Android devices and provides traders with a user-friendly interface and access to a wide range of trading instruments.

AVATrade Licenses and Regulatory Compliance

AVATrade is a well-established and reliable broker offering various trading instruments. The company is licensed and regulated in various countries, providing its customers with peace of mind knowing they are trading with a compliant and regulated broker.

Here are the regulatory bodies that oversee AVA Trade’s operations in various countries:

• Central Bank of Ireland (No.C53877) regulates AVA Trade EU Ltd.
• ASIC (No.4066840) regulates Ava Capital Markets Australia Pty Ltd.
• The South African Financial Sector Conduct Authority (FSCA No.45984) regulates Ava Capital Markets Pty.
• In Japan, the Financial Services Agency licenses and regulates Ava Trade Japan K.K. (License No.: 1662).
• Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018) regulates Ava Trade Middle East Ltd.
• Cyprus Securities and Exchange Commission (No. 347/17) regulates DT Direct Investment Hub Ltd.
• The Israel Securities Authority (No. 514666577) regulates ATrade Ltd.

AVATrade Customer Protection

AVATrade takes its responsibility to protect its customers seriously, and as such, it has implemented various measures to ensure that its customers are protected while trading. AVATrade ensures that customer funds are kept separate from the company’s operating funds. This ensures that customer funds are protected during the company’s insolvency.

AVATrade provides its customers with negative balance protection, which means that they cannot lose more than the amount they deposited in their trading account. The Broker also provides its customers with a secure trading environment, including advanced encryption technology, two-factor authentication, and secure payment methods.

AVATrade offers various risk management tools to its customers, such as stopping loss orders and taking profit orders. These tools help customers manage their risk exposure and prevent significant losses. Its multiple regulations also ensure the company operates within strict regulatory frameworks and meets compliance requirements.

Customer Support

AVATrade is known for its responsive and helpful customer support, available 24/5 via phone, email, and live chat. The Broker also provides local phone support in various countries, making it easier for traders to get assistance when needed. The customer support team is known for providing a positive trading experience to traders.

Trading Information

Unlike some other brokers, AVA Trade offers spreads that are over the market. This means that you may be paying slightly more than the market rate for a particular currency pair, but you’ll be able to trade without worrying about requotes or slippage. However, spreads can vary depending on market conditions.

If you’re using the popular MetaTrader platform on AVATrade, you’ll need to keep in mind that the minimum trade size is 0.01 lots. This means that you’ll need to trade in multiples of 0.01 lots, which can be a bit limiting for some traders. Also, margin requirements can vary depending on a variety of factors, including your position size, news releases, and market volatility.

If you hold a position overnight on AVATrade, you may be charged or paid an overnight interest rate, depending on the currency pair and the direction of your trade. And if you have an Islamic account with AVATrade, you should be aware that cryptocurrency trading is not available. This is because Islamic accounts are designed to comply with Sharia law, which prohibits the payment or receipt of interest.

AVATrade Leverage

AVATrade provides leveraged trading of up to 30:1 on various CFDs. This means that traders can open larger positions than their account balance, allowing them to potentially increase their profits. 

Deposits and Withdrawals

AVATrade strives to process all deposits as quickly as possible, though processing times may vary depending on the chosen method and any additional verification requirements.

In order to withdraw funds from an AVATrade account, clients must first complete the KYC process, which requires the verification of identity and account information. This process is mandated by regulatory bodies and is designed to prevent illegal activities.

Deposits

AVATrade offers clients a range of deposit methods, including credit cards and wire transfers, and e-payment options like Skrill, WebMoney, and Neteller (excluding EU and Australian clients). Deposits are available to all global clients and can be made using the client’s preferred method.

Withdrawals

Once an account has been verified and confirmed, clients can make withdrawals using their preferred method. Withdrawing your funds from AvaTrade usually takes between 24 to 48 hours for credit cards, debit cards, and e-money. However, if you prefer to use wire transfers, the waiting time can be a bit longer, up to 10 business days. It’s important to note that withdrawals can only be sent via the payment methods you used to fund your account, which is in line with international anti-money laundering regulations.

AVATrade Education and Training

AVATrade provides a range of educational resources to help traders of all levels improve their skills and knowledge. For beginners, AVATrade offers training on how to trade online, stocks, currency trading, copy trading, cryptocurrency trading, and financial derivatives. Additionally, AVATrade offers tutorials on its trading platforms, covering topics such as charting, technical analysis, and order execution. Traders can also access economic indicators and trading rules to help them stay up to date with market developments and make informed trading decisions.

CONCLUSION

AVATrade is a reputable and regulated online broker that offers a wide range of trading instruments, competitive spreads and commissions, and excellent customer service. 

With a user-friendly platform and comprehensive educational resources, AVATrade is well-suited to traders of all levels of experience. Its commitment to customer protection, regulatory compliance, and transparency makes it a trustworthy choice for anyone looking to trade in the financial markets.