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AvaTrade: In-Depth Review

AvaTrade is a forex broker located in Ireland.

In this article, you’ll get a review of this broker, including analysis and instructions to open an account with AvaTrade.

Here’s what you’re going to learn:

What Is AvaTrade?

AvaTrade is a Forex (CFDs) broker located in Dublin, Ireland, and was founded in 2009. They have been in business for a good amount of time already, which should give you some confidence when compared to brokers that just appeared in the market.

What Can You Trade With AvaTrade?

AvaTrade is a Forex broker that gives you a wide range of instruments to trade besides Forex.

Here’s a list of all of the instruments that you can trade with AvaTrade:

  • Forex: A good selection of 53 currency pairs, between major, minor, and exotic currencies.
  • Energies: Brent Crude Oil, WTI Crude Oil, Natural Gas, Gasoline, and Heating Oil.
  • Metals: Gold, Silver, Platinum, Palladium, and Copper.
  • Indices: A wide range which includes Dax, Dow Jones, Nasdaq, SP500, AUS200, CAC40, FTSE, and much more.
  • Stocks and ETFs: All major EU and US stocks are there, like TSLA, META, AAPL, and more. You have a list of 600+ stocks to choose from and dividend payout.
  • Crypto: 20 crypto pairs are available to trade. The list included BTC, ETH, LTC, XRP, and much more.
  • Agricultural commodities: Cocoa, coffee, corn, cotton, soybean, sugar, and wheat.
  • Bonds: You can trade the Euro-Bund and the Japan Govt Bond.
  • Options: Options are available to trade either on Forex Pairs, Indices, and Commodities (Metals, Energies, Agricultural)

What Is The AvaTrade Minimum Deposit?

To open a real account with AvaTrade you need to deposit a minimum of $100.

You don’t need to deposit anything if you’re just trying the broker and testing a demo account.

What Is The AvaTrade Leverage?

The AvaTrade leverage varies according to the product you are trading and the account type you’re trading. The leverage is as high as 1:400.

Here’s the maximum leverage provided by AvaTrade for each instrument and account type:

International or EU (Pro) Account:

  • Forex: 1:400
  • Indices: 1:200 (major indices) and 1:100 for others
  • Metals: 1:200 for Gold and 1:50 for others
  • Energies: 1:100 for Oil and 1:50 for others
  • Stocks: 1:10
  • ETFs: 1:20
  • Crypto: 1:20 to 1:5
  • Agricultural commodities: 1:33
  • Bonds: 1:100

EU (non-Pro) Account:

  • Forex majors: 1:30
  • Indices minors and exotic: 1:20
  • Metals: 1:20 for Gold and 1:10 for others
  • Energies: 1:10
  • Stocks: 1:5
  • ETFs: 1:5
  • Crypto: 1:2
  • Agricultural commodities: 1:10
  • Bonds: 1:5

AvaTrade Reviews

According to Trustpilot, AvaTrade is classified as excellent. It’s scoring a 4.6/5.0 after no less than 8,505 reviews. That’s a big number!

AvaTrade Regulation and Licenses

When you open an account with AvaTrade, you can be sure that you will be trading with a regulated broker.

The regulations and licenses come from all over the world:

  • ASIC (Australian Securities & Investments Commission)
  • CBI (Central Bank of Ireland)
  • FSCA (South African Financial Sector Conduct Authority)
  • FSA (Japan – Financial Services Agency)
  • FRSA (United Arab Emirates – Financial Regulatory Services Authority)
  • CySec (Cyprus Securities and Exchange Commission)
  • ISA (Israel Securities Authority)
  • FSC BVI (Financial Services Commission from the British Virgin Islands)
  • PFSA (Polish Financial Supervision Authority)

AvaTrade Trading Platforms

AvaTrade gives you access to the most popular trading platforms used by Forex brokers, including the ones that give you access to social trading and copy trading.

You can use:

  • MetaTrader 4
  • MetaTrader 5
  • AvaTrade App
  • AvaOptions
  • AvaSocial
  • DupliTrade
  • ZuluTrade

They also have web and mobile versions, meaning that you can easily trade wherever you are.

AvaTrade Account Types

There’s a main account type when you trade with AvaTrade.

  • Demo account: With this account type you can try the broker without needing to deposit any amount of money. Practice how to use the platforms and how different instruments behave before you deposit on a real account.
  • Real account: This is where you get the full potential from AvaTrade. The real account has no commission on any symbol which is fantastic.
  • Islamic account: If you need this type of account, it is available to you on AvaTrade. It was specifically tailored to meet the needs of the Muslim traders.

Other types of accounts like micro accounts, cent accounts or commissions accounts are not available when using AvaTrade.

Open An AvaTrade Account

AvaTrade Professional Account

Professional accounts exist in brokers regulated in the EU, to give you access to a bigger leverage.

If you live in the EU you can bypass the ESMA’s most restrictive leverage rules by applying to a professional account on AvaTrade.

To qualify you must meet at least two of the following criteria:

  • Have traded in significant size, on a relevant market, at an average frequency of 10 per quarter over the previous four quarters.
  • Have relevant experience. Meaning that you must have worked in the financial industry for a minimum of 1 year, in a position that requires knowledge about the type of trading you’re trying to engage.
  • Financial instrument portfolio of over €500,000. This includes cash savings and financial instruments.

AvaTrade Deposit Bonus

From time to time AvaTrade offers deposit bonuses for new clients.

Click the image below and calculate how much bonus you’ll get based on your initial deposit:

Unfortunately, the Bonus is not available for all legislations/regulators. You’ll need to check by yourself if you’re a lucky one by visiting the AvaTrade bonus page.

AvaTrade No-Deposit Bonus

There’s no no-deposit bonus right now.

AvaTrade Contacts And Headquarters Location

If you need to contact AvaTrade here are their contacts and location from all over the world.

AvaTrade Payment Methods

AvaTrade accepts a limited range of methods either to deposit or to withdraw but they are enough for the majority of people.

Here’s a list of them:

  • Wire Transfer
  • Credit/Debit cards
  • PayPal
  • Neteller
  • Skrill
  • Perfect Money
  • Web Money

AvatTrade Negative Balance Protection

Yes, AvaTrade offers a negative balance protection.

If for any reason your account goes into negative balance, AvaTrade will take that loss and reset your balance back to 0. Unlike many brokers, with AvaTrade you don’t risk getting losses bigger than your deposits.

Open An AvaTrade Account

AvaTrade Margin Call/Stop Out

AvaTrade’s margin call is 50% for retail clients.

For professional or non-EU clients, the margin call is 10%.

This means that you always need to maintain an equity that is bigger than the margin required to keep your positions open.

If your equity (Balance + Open Profit or Loss) falls below the required margin you will receive a margin call and all your positions will be closed.

AvaTrade Micro Account

AvaTrade doesn’t offer Micro Accounts to its customers.

AvaTrade Free VPS

There are no VPS services with AvaTrade but you can always find a cheap VPS to host your EA and run it on AvaTrade.

AvaTrade Inactivity Fee

AvaTrade has an inactivity fee if you leave your account dormant for more than 3 consecutive months.

This fee will be deducted from your account at a rate of $50 for every 3 months of inactivity.

Is AvaTrade Legit?

Yes, AvaTrade is a legit broker and company.

Here are their headquarters contacts:

  • Email: customer@avatrade.com
  • Phone: +(353)15137861
  • Address: Dockline, Mayor Street, Dublin 1, D01 K8N7, Ireland

On the other hand, it doesn’t provide services to residents of some countries, or a country where providing that service would be contrary to the local law or regulation.

AvaTrade Hedging

There are no restrictions against hedging with your AvaTrade account. Heding accounts are the default with AvaTrade.

This means that you can open long and short positions on the same symbol at the same time.

If you don’t like hedging accounts, there’s also an alternative. They are called the NET accounts. With these types of accounts, on each specific symbol, you can only have one single position in one direction.

Net accounts are especially useful when you want to be able to add and reduce your position size.

Is Copy Trading Allowed With AvaTrade?

You are allowed to do copy trading on your AvaTrade account.

The signals you copy can come from any source. Just install your favorite copy-trading software and watch your account mirror the copy-trading source that you chose.

AvaTrade Social Trading

With AvaTrade you can connect your MT4/MT5 account to one of the best social trading sources: MQL5.

Besides that, you also have access to Zulutrade and DupliTrade. Using these services you can follow and copy a wide selection of seasoned traders to your own benefit.

Open An AvaTrade Account

AvaTrade Max Lot Size

When trading AvaTrade forex currency pairs, your lot sizes start at 0.01 and can go up to 100.

If you trade other symbols, like indices, or metals, the maximum lot sizes may vary.

AvaTrade Spreads

AvaTrade has Forex spreads starting as low as 0.9 pips and it doesn’t charge commissions.

AvaTrade Minimum Withdrawal

There’s no minimum amount to be able to request a withdrawal from AvaTrade. Whatever value you have on your account is yours.

There are also no deposit/withdrawal fees involved.

AvaTrade Countries

AvaTrade accepts residents from all over the world except some specific countries. AvaTrade doesn’t provide services for residents from the United States, Belgium, Cuba, Iran, Syria, and New Zealand.

AvaTrade Alternatives

Here is a list of the best AvaTrade alternatives:

Recap

  • AvaTrade is a broker that allows you to trade Forex currency pairs, Energies, Metals, Indices, Crypto, Stocks, and Bonds
  • It has multiple regulations and offices worldwide for your convenience.
  • The minimum deposit to start trading is $100.
  • The popular MT4 and MT5 platforms are available to trade, as well as copy trading and social trading platforms.
Open An AvaTrade Account

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