AvaTrade Review 2019 | Is AvaTrade a Scam or Legit Forex Broker?

Read our AvaTrade review to find out if AvaTrade is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.8/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
90% Complete (danger)
4.5/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
AvaTrade
AvaTrade Overview

AvaTrade is an online trading and investing platform that gives you access to foreign currencies, CFDs (contracts for difference), and cryptocurrency trading through its mobile, web, and desktop trading platforms.

# Broker's Features AVATRADE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review AvaTrade.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. AvaTrade offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures.

Tradable Products: Accounts at AvaTrade allow you to trade more than 250 assets including: FX, CFDs, FX Options, and Spread Betting assets.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. AvaTrade is Dealing Desk, Market Maker.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. AvaTrade recommended minimum capital is $100.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. AvaTrade is regulated by ASIC, BVI, CBI, FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: AvaTrade is licensed and regulated around the world. AvaTrade offers two different platforms that give you unique trading opportunities and account options, but both protect you from losing more than you deposit.

Languages Available: Next lets have a look at each broker's different Language options. AvaTrade offers Arabic, English, French, German, Portuguese, Russi.

Payment methods: Next lets have a look at each broker's payment options. AvaTrade offers Boleto, Credit Card, FasaPay, Moneybookers, Neteller, Skrill, Wire Transfer different payment methods for each account types.

At AvaTrade Withdrawals can be made through credit and debit cards, bank wires and e-wallets. The broker charges no fees for transactions.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, AvaTrade makes ActTrader, MetaTrader 4, MetaTrader 5, Proprietary, Zulutrade available to clients.

Web & Desktop Trading Platforms: AvaTrade offers seven unique trading platforms for the web, desktop, and mobile devices. MetaTrader 4 is the flagship desktop trading system.
Mobile Trading Platforms:

Other

Trader Education
New traders and those looking to boost their skills and knowledge have access to a range of resources from AvaTrade.

Support
Customer support is available by email, phone, or live chat. Support is available in multiple languages and local numbers are available in many areas.

Recup
AvaTrade is a high-tech broker that gives you access to a wide range of tradable markets with a CFD account. It is licensed and regulated in many jurisdictions around the world with trading systems suitable for beginner and advanced traders alike.

Final Thoughts
While the assets you can trade are limited, with CFDs you can quickly build up a highly leveraged account to earn your big profits.

Trading Experience
With a wide selection of trading tools, AvaTrade fits both beginners and experienced traders

People Also Asked

Is AvaTrade regulated?
Yes, AvaTrade is regulated by top-tier regulators, ASIC, BVI, CBI, FSCA inclusive.
Where is AvaTrade based?
AvaTrade is based in , Ireland
How does AvaTrade make money?
AvaTrade charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in AvaTrade account?
With AvaTrade you can deposit money via the following means; Boleto, Credit Card, FasaPay, Moneybookers, Neteller, Skrill, Wire Transfer.
How do I withdrawal in AvaTrade account?
AvaTrade lets you request a withdrawal of funds from your account via the following means; Boleto, Credit Card, FasaPay, Moneybookers, Netell.
What is the minimum deposit for AvaTrade?
AvaTrade has $100 minimum deposit.
What are the available account base currencies with AvaTrade?
AvaTrade trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in AvaTrade?
AvaTrade has a maximum leverage is 1:30 for professional traders.
How do I open an account with AvaTrade?
Opening an account with AvaTrade is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does AvaTrade use MetaTrader?
AvaTrade platforms: Yes, AvaTrade use MetaTrader as well as the following platforms: ActTrader, MetaTrader 4, MetaTrader 5, Proprietary, Zulutrade
What type of broker is AvaTrade?
AvaTrade appears to be a Dealing Desk, Market Maker broker which offers market access to a variety of traders.
Does AvaTrade accept US clients?
No
Does AvaTrade offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with AvaTrade: You can trade a wide variety of instruments with AvaTrade: Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures