Introduction or Skip Content and Read the Bottom Line!
AvaTrade was founded in 2006 and is known to be one of the leading online forex brokers today with over 1.5 million trades executed per month.
They offer a proprietary trading platform that is built around the user with an aim to provide the ultimate on-line trading experience.
Such goals are quite high but the question is, are they really achievable?
Web Trading, AvaTradeGo (mobile app), MT4, MT5, AvaOptions, Autumated trading (DupliTrade), and AvaSocial
Minimum account size
Minimum lot size
1:400, EU – 1:30 and 1:400 (Professional Accounts)
AvaTrade offers the standard MetaTrader 4 platform and supports various types of PCs and devices including smartphones. They also have a platform which supports copy trading.
This merits AvaTrade with a Platform score of 9.1.
Most of the MT4 platforms are not customizable but for those that they can skin, they actually did a great job in making it more personalized with the same colors as their brand and for this, we are giving this broker a Design score of 10.
AvaTrade MT4 WebTrader platform
Minimum Deposit 7/10
To start trading with this broker, you need to make an initial deposit of $100. It’s a bit higher than other brokers but this is actually a reasonable size for starters especially if you’re going to explore various markets.
This warrants AvaTrade with a minimum deposit score of 7.
Minimum Lot Size 10/10
The minimum lot size is 0.01 which is ideal for small investors who prefer investing with a much smaller lot size.
Another advantage is that it also lowers the risks for the trader and because of this AvaTrade gets a Minimum Trade Score of 10.
Tradable Assets 8.9/10
More than 1000 assets can be traded on their platforms. It’s not as many as what eToro or Plus500 are offering but the good news is that the most popular instruments are available.
This is the reason why they notched a Tradable assets score of 8.9.
AvaTrade’s spreads are fixed and floating and this depends on the platform you will use. They even reduced the spreads so that’s more favorable for traders. For example, you can enjoy a floating spread of 0.9 pip on EURUSD.
Such rates warrant this broker a Spreads score of 9.5.
Withdrawal Time 9/10
It will take around 1-7 working days to get the withdrawals processed. That includes the verification and the actual crediting of the funds into your chosen payment method.
Such speed is well above the industry standards, which usually takes longer and this advantage has earned this broker a Withdrawal Time score of 9.
Payment Methods 10/10
You can fund your AvaTrade account using a credit or debit card, wire transfer and other e-payment methods. They also use 256-bit SSL encryption for added protection when making deposits.
Such coverage and security warrants this broker with a Deposit and Withdrawal Methods score of 10.
AvaTrade deposit page
Customer Support 9.8/10
You can contact AvaTrade via phone, email and live chat.
Their support agents know what they are doing and are very accommodating.
AvaTrade customer support
They were able to answer our questions and the waiting time to get an agent doesn’t take a lot of time. For this reason, AvaTrade notched a Support score of 9.8.
Quotes Accuracy 9.5/10
We never experienced any lags or price delays from the platforms we’ve tested so it shows that their quotes are accurate. Because of this, we are giving this broker a Quote Accuracy Score of 9.5.
This broker has been operational since 2006 so it’s safe to say that they are credible. In addition, they are also licensed by the following:
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
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).
They are able to sustain an excellent credibility and for this they get a Reputation score of 9.6.
AvaTrade user comment
AvaTrade user comment
AvaTrade user comment
AvaTrade is the way to go if you’re looking for a credible broker with a stable platform. You’ll be able to access your account and trade not just via your PC or laptop but also via your mobile phone or tablet because their platforms support it.
Over 200 assets can be explored and the spreads are quite competitive with this broker. And if you have any issues or concerns, you can get in touch with their reliable support team via various methods.
Overall, AvaTrade is a great broker with great features so we highly recommend this brand for online trading.
Our team of financial experts have years of experience in the foreign exchange markets and can guide you into focusing on the more important factors to look at in selecting a forex broker to sign-up for.
And we don’t just look at the numbers here. We go beyond the quantities or amounts to make a real and measurable review that is based not just on the pros but also on the cons.