AvaTrade Broker | A Complete Review

Welcome to the topic “AvaTrade Broker | A Complete Review.”

Broker Information

• Company Name: Ava Capital Markets Ltd
• Founded: 2006
• Country: Ireland

Platform Information

• Platform: ACT and MT4, Mirror trader, Zulutrade, Currensee
• Dealing Desk: Yes, 2
• Web-Based: Yes
• Mobile Trading: Yes

Broker Services

• Regulators: ASIC, MiFID, FSA, FSCA
• Bonus: 40% New Member Bonus
• Minimum Deposit: $100
• Leverage: 400:1
• US Clients: No
• Funding Methods: Wire, credit card, Paypal, MoneyBookers, Webmoney, NetTeller, etc.

Avatrade Broker is one of the most prestigious places for offering traders a large-scale selection of trading platform options.

No doubt, Avatrade Broker is well-regulated and there’s something in it for every trader.

One can trade instruments like Forex, stocks, commodities, indices, cryptocurrencies, bonds, and a lot more. In short* you name it and you have it.

What’s more, Avatrade is considered the “Leading International Forex Broker” and they are a part of the “AVA Group of Companies as well.”

The firm recently announced its partnership with English Premier League Champions (Manchester City) and the aim of Avatrade there is to grow their brand and visibility.

Regulation of Avatrade Broker

There are many reasons why people choose Avatrade Broker and regulation is one of those reasons. Trading in a “Secure, safe, and sound” atmosphere is what everyone asks for.

This is why we discuss the “Regulation” of any crypto broker before we get into more details.

Let’s talk about it!

• They are regulated by the Central Bank of Ireland in Europe
• They are regulated by ASIC in Australia
• In Japan, they are regulated by FSA
• In South Africa, they are regulated by FSB

They are considered “Low-Risk” with an overall trust score of 93 out of 99. The trust score is calculated by the best in the business “Forexbroker.com.”

Let’s now talk about the account types of Avatrade Broker and see what they have to offer to the “Beginners, Professionals and Experienced Traders.”

Account Types of Avatrade Broker

There are three types of accounts that Avatrade Broker is offering:

• Standard Account: This account type is for beginners and you can open the account without any obstacle coming your way.
• Corporate Account: This account type can only be owned by the professionals and the legal entity.
• Islamic Account: This account type is for those countries or traders who want to follow the SHARIAH LAW.

They do have a special account for those who are eyeing “Out of the box” services. You’ve to contact them by clicking here.

 But, there are special requirements that you need to fulfill in order to open a “Special Account.” The requirement includes:

• Minimum 1 year of experience in the Financial Sector
• Experience certificate of Trading Activity
• Portfolio Value worth up to $500k

Trading Platforms of Avatrade Broker

One of the best things about Avatrade Broker is “The availability of different trading platforms.” You’ve so much to choose from and it doesn’t matter if you’re a trader with beginner, intermediate or professional skills, you’ll still have something to choose.

Following are the trading platforms that Avatrade Broker is offering:

• MetaTrader 4 Platform
• MetaTrader 5 Platform
• MetaTrader for Mac 
• MetaTrader for Windows
• MetaTrader for Web Trading
• AvaTradeAct Platform

Avatrade brokers are offering their services on almost every device and you can trade on your mobile devices now.

Let’s now talk about the Spread of Avatrade Brokers. This will help you choose the perfect account for you.

Spread of Avatrade Accounts

With so many brokers on the internet, it’s hard to choose “Which one is best for your needs and wants.” Spread always play a vital role in choosing the best account for trading and here’s what Avatrade accounts have to offer:

GBP/USD Spread:	1.0 var
EUR/USD Spread:	0.7 var
EUR/GBP Spread:	1.7 var
Assets:	40+

Here’s the spread for the “CFDs” as well.

FTSE Spread:	0.5 pt
GBP/USD Spread	1.0 var
Oil Spread:	0.02
Stocks Spread:	0.13 Abv Market

That’s all from the Spread section and now it’s time to talk about “Execution Time.”

Execution Time

Just like other brokers in the market, Avatrade Broker is offering two types of executions.

• Instant Execution
• Market Execution

Instant Execution

Instant execution is a type of forex execution in which “You have to specify the volume and price of your order,” and the order should be processed instantly. If the trading price changes at the time of order placement, a broker cannot change the execution price.

It can or cannot go in the favor of the client, depending upon different situations and conditions.

Market Execution

Market execution is a type of forex execution in which the client places the order and specifies the volume only. The broker has to buy the order with the current price and can’t request the client for the price change in case of any “Market price changes.”

If you utilized market execution correctly, you’ll never face “Losses” in the trading world.

Note* There are a few brokers that deal with three types of executions. We will discuss them in upcoming articles too.

Commissions and Fees

Avatrade does charge the traders with Commissions/Fees and the rates are pretty average. The structure of the fee is pretty understandable, and can be calculated using the “Formula” described below.

The minimum account opening fee is $100 and you can use different payment gateways to deposit the money in your trading account. But we recommend you to go for “Wire transfer and Credit Card.”

For trading forex or any other instrument, AvaTrade Broker doesn’t charge you a single dollar. But, they do have an “Inactivity” fee which is $50. If you’re not using Avatrade for more than 3 months, they will deduct this amount from your account.

What’s more, there’s a piece of bad news for you if you’re not using the platform for more than a year. They will charge you another $100 as an administration fee for handling your account.

If you don’t want to pay these fees, you’ll have to stay active.

Note* Other charges may include: overnight interest, maturity rollover, and corporate actions. 

Leverage of Avatrade Broker

For all residents outside Europe, they offer the leverage of 1:400 on forex trading and indices.

Additionally, Avatrade broker is also offering 1:200 leverage on commodities and 1:20 on different instruments and stocks.

Now, it’s time to move to the next section known as “Customer Care.”

Customer Care Service

There are many ways of contacting Avatrade Broker and the mainstream ones are:

• Live Chat
• Phone Call
• Email

They have a great “Live Chat” service on the website and you’ll get a reply from the agent within 5 minutes. You can talk to the live agent in 20 different languages including Chinese, French, Russian, Italian, German, and English.

The Phone Call service is pretty expensive. You’ve got to wait for more than 4-5 minutes in order to get connected. But, they solve your problems within no time on phone calls, which is a “Plus.”

They do not offer 24/7 availability. That means you’ll have to wait for the next business day if you’re facing a problem on the weekends.

Now, it’s time to talk about “How to open an account on Avatrade.”

So let’s talk about it!

How to open an account on Avatrade

Opening an account on Avatrade is easy and one can do it within 3-4 steps.

We are breaking down the instructions that you can follow in order to open an account. Here we go!

• Head towards the official website of Avatrade Broker by clicking here.
• Click on the register now button or Click Here to reach the destination. (Not including the screenshots or pictures because of the Copyright claims.)
• Now, choose the account that you want to open and provide them with your details on the registration page.
• Verify your account and you’re done

They might need a few days to review your account opening request and once approved, they will notify you through your number and email.

How to withdraw/deposit money

Withdrawal and Deposit of money is pretty simple and you can do it by following the steps below.

• Login to your account
• Go to the withdrawal option from the menu
• Now fill the withdrawal form and then click on the proceed button
• They will review your request and then respond to you within 24 business hours

Let’s now compare Avatrade with XM broker.

Avatrade vs XM Broker

XM Broker	Avatrade Broker
Overall Ratings: 4/5	Overall Ratings: 4.5/5
Trust Score: 80	Trust Score: 93
Year Founded: 2009	Year Founded: 2006
Publicly Traded: No	Publicly Traded: No
Bank: No	Bank: No
ASIC Authorized: Yes	ASIC Authorized: Yes
FSA Authorized: No	FSA Authorized: Yes
Forex: Spot Trading: Yes	Forex: Spot Trading: Yes
Social Trading: Yes	Social Trading: Yes
Platforms and Tools Rating: 3.5/5	Platforms and Tools Rating: 3.5/5

Which Trading Platform is the best?

As discussed above, there are two types of trading platforms to choose from Avatrade Broker.

• MT4
• MT5

Features of MT4

• User-Friendly Features
• Access to all the major Forex trading features
• Different Language Support
• Multi-Currency Support
• Automated Trading

Features of MT5

• MQL5 Trading Signals
• 38 Technical Indicators and 21 Time Frames
• 4 Execution Modes
• Market Depth, Hedging and Netting Availability

There’s no doubt that MT5 comes up with more features and advanced in-depth details. But, if you’re a beginner or even professional, MT4 can still be useful.

You can download the MetaTrader 4 or 5 by clicking here.

Before we wrap up things and finish the article with a conclusion, it’s important to write down the advantages and disadvantages of Avatrade Brokers.

Here they are!

Advantages and Disadvantages of Avatrade Broker

Advantages

• They have more than 250+ trading instruments, such as Crypto, Indices, Metal, Commodities, Forex, and a lot more.
• You can trade forex 24 hours a day, 7 days a week. This is a huge plus for big traders.
• They offer both MT4 and MT5 and you can download them on any device.
• The platform is risk-free as they are regulated
• Customer Service is top-notch and you’ll get a reply within 5 minutes
• They offer different bonuses on Events and provide the newbies with free webinars as well

Disadvantages

• They aren’t regulated by the NFA, which means “People from America won’t be able to invest on this website as a trader.”
• They have limited deposit and withdrawal methods as compared to other brokers.
• No 24/7 availability of Customer Service

Conclusion

Avatrade is no doubt “One of the best brokers” in the world with so much to offer to their users. They have a great trust score and opening an account is super-easy.

Additionally, they won’t charge you a heavy fee for withdrawing or depositing money in your account. The account opening fee is $100 which is “Fine.”

What’s your take on the Avatrade Broker? Let us know in the comment section below. We love to hear from readers.

Have any questions regarding the topic “AvaTrade Broker | A Complete Review?” Feel free to comment down below.

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