Avatrade Broker Review 2017

FairBinaryOptions Broker Certificate
  • Min. Deposit $100
  • Max. Leverage 1:400
  • Spread EUR/USD 3 pips
  • Mobile Yes
  • Platform MT4/Webtrader
  • LiveChat Yes

AvaTrade is a Forex and CFD broker founded in 2006 with headquarters in Dublin, Ireland. Operating in over 150 countries worldwide and regulated across almost all international markets, this broker has earned its reputation as one of the most distinguished in the industry. Traders can choose from 6 platforms and a variety of over 250 trading instruments. In the newest upgrade to their offering, AvaTrade added probably the widest selection of cryptocurrency CFDs on the market.

Read our full review to discover what makes Avatrade stand out from the rest.

  1. Website Preview

  1. Avatrade Account Features

    AvaTrade offers its members just one account type; the real account will set you back a minimum deposit of just $100 (or $500 when using wire transfer).

    Most brokers offer multiple account types which come with different minimum account types and offer different benefits to traders. However, by keeping things simple, AvaTrade still manages to cater for traders of different levels.

    We were also pleased to discover that they also offer the opportunity of a demo account; this is a great way for traders to practice trading without risking any real money. The demo account features live price feeds just like a real account so traders can really experience the market. Moreover, upon registering for a demo account, we were immediately assigned a personal account manager who urged us to reach out to him should we require any assistance. This level of customer service is hard to find with most brokers.

    They also offer Islamic accounts for traders who must abide by Sharia Law. Deposits of over $100,000 will grant traders access to the exclusive Ava Select club, where they will be entitled to additional perks and benefits.

    All new customers are eligible to a welcome bonus according to the bonus promotions available at the time.

  2. Avatrade Trading Software

    AvaTrade supports the popular MetaTrader4 trading platform with low floating spreads with a leverage of 400:1. All of the broker’s customers also get free access to MQL5 trading signals which is fully integrated with the MT4 platform so traders can handle every aspect of their trading from one place.

    The broker also provides its proprietary AvaTrader platform, using ACT software, from which they offer fixed spreads with as little as 0.8 pips. The popular Autochartist technical analysis tool is also available from this platform, helping traders by scanning the market for trading opportunities and making price predictions.

    The AvaOptions platform was the first of its kind to offer online OTC forex options for trading OTC Vanilla Put/Calls.

    Additionally, AvaTrade also provides fully automated trading for all its members; their MirrorTrader allows traders to copy professionals’ trading strategies alongside manual trading while ZuluTrade’s peer-to-peer social trading system lets traders execute third party trade signals for Forex pairs through their AvaTrade account.

    The broker offers trading on several assets, ranging from currencies, indices, commodities, ETFs, bonds and equities, more than 250 trading instruments in total.

    AvaTrade Cryptocurrencies CFDs – Trade Bitcoin and other coins

    In 2013, AvaTrade became the second broker to introduce online bitcoin trading from both its platforms.

    In 2017 AvTrade introduced a full set of most popular cryptocurrencies CFDs which include

    • Bitcoin
    • Litecoin
    • Ethereum
    • Ripple
    • Dash

    All these underlying crypto-assets can be traded on AvaTrade platform with leverage of up to 1:20 which perfectyl balances the need for leveraged trading, but also takes into account the volatility of cryptocurrencies

    Both the MT4 and AvaTrader platforms are available to trade on mobile devices too so traders are not restricted to desktop pcs and can trade from anywhere. The mobile apps are free to download for Apple and Android devices. These 2 major platforms are also compatible with Mac computers.

     

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  3. Avatrade Support Information

    AvaTrade continued to deliver with its wide range of support options available.

    Traders may get in touch by sending an email directly from the site, according to the nature of their query by choosing from one of the following: Account Opening, Customer support, Introducing Brokers.

    Extensive phone support is also available on an international level; local phone numbers are provided for almost all countries open to trading.

    We were also pleased to note the live chat feature available in 9 languages; more importantly, the support agent replied to all our queries in a timely and efficient manner, a sure sign of a dependable broker.

    Traders can also find a detailed FAQ section which includes the most popular concerns faced by traders and is neatly organized into categories.

    The site also features an extensive Education section featuring a series of webinars (both live and archived), trading video tutorials, a forex e-book, economic indicators, a beginners’ trading guide, and a glossary. AvaTrade customers will also receive exclusive access to the SharpTrader, an educational website stocked with trading resources and tools for traders of all levels, including daily technical and fundamental analysis.

    The website is available in a total of 21 languages, catering to traders from all corners of the globe.

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  4. Avatrade Payment Methods

    When it comes to payment options, deposits to AvaTrade accounts may be made by credit/debit card as well as bank wire (minimum deposit $500). Some alternative payment methods such as Skrill, WebMoney, Neteller are also available (except to EU and Australian traders). Certain verification documents are required in case of credit card deposits.

    After their account is verified, traders can apply for a withdrawal by submitting an online form through MY AVA. The withdrawal process is a little lengthy and can take up to 5 days. However, Ava Premium clients are entitled to express withdrawals within 24 hours.

    Customers may also apply for an Ava Debit Mastercard from the My Account section which can take up to 28 business days to receive.

    As mentioned above, AvaTrade is an established forex broker operating in the industry for over ten years on a worldwide basis.

    AvaTrade Australia

    AvaTrade is not only regulated and licensed by the Central Bank of Ireland, but also by various other international regulators such as ASIC, BVI Financial Services Commission, Japan’s Financial Services Agency and the Financial Services Board in South Africa. The broker also has branches in 11 countries.

    Traders will definitely be impressed by this broker’s remarkable product offering as well as their outstanding customer service.

    Unfortunately, AvaTrade does not currently offer trading on binary options. While we hope that this will change in the near future, we advise binary options traders to choose a regulated binary broker from our tried and tested list.

  5. Your capital is at risk
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