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AvaTrade Broker Review

By Jeffrey Cammack Created: Friday, April 19th, 2019 Updated: Tuesday, May 7th, 2019
Average Score

4/5

Min. Deposit $100
Max. Leverage 400:1
Min. Spread 0.7 pips
Regulators ASIC,FSCA,B.V.I FSC,FSA
Regulator Origin ASIC FSCA B.V.I FSC FSA
Broker Type Market Maker

Summary

AvaTrade is pushing the boundaries in many different directions at the same time.  While they continue to lead the market with Cryptocurrency trading, they maintain a firm and steadfast stance in the traditional broker space.  Offering tight spreads, 1-on-1 training sessions for higher depositors, and regulation on every continent where a regulator is found, AvaTrade is one of my top favourite brokers.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses 40% New Customer Deposit Bonus
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum deposit $100
Base currencies USD,GBP, EUR, AUD
Number of FX Pairs 50+
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD 1.3
GBP / USD 2
USD / JPY 1.5

Company Details

Company name Ava Capital Markets Australia Pty
Founded 2006
Website Visit site
Type Market Maker
Regulators ASIC,FSCA,B.V.I FSC,FSA
Office locations Australia, Japan, Ireland

Deposit & Withdrawal Methods

Supported Platforms for AvaTrade

AvaTrade Broker Detailed Review

Account Types

AvaTrade offers a basic set of accounts that should satisfy nearly all traders quite easily.  A 21-day demo account is available for traders who want to try the platform without opening a real account. Open a real account, and you will always have access to your demo account.  The real accounts are below.  As a general rule of thumb, the bigger your deposit, the tighter the spreads, the more attention you get from the broker, and better the trading conditions become.  At the time of writing, bonuses were available for deposits above 250 USD.

  • Silver – 100-1000 USD minimum deposit
  • Gold –  1000-10,000 USD minimum deposit
  • Platinum – 10,000+ USD minimum deposit.

Regulation

Avatrade (Ava Capital Markets Australia Pty Ltd) is regulated by ASIC (No.406684).  This regulation means that your funds are safe and secure and that the Australian government is acting on your behalf to ensure your trading is safe and not compromised.

Other International and credible regulatory organisations also regulate AvaTrade.

Spreads and Leverage

AvaTrade has floating spreads from 0.7 pips on some of the major currency pairs, but traders will only find these low spreads in times of high liquidity in the market.  It has been my experience that you should probably double the spread for your calculation when you see spreads this low – that way you will be able to calculate your profit/loss.

Deposits and Withdrawals

Make deposits by credit/debit cards, bank wire, and e-wallets.  The minimum deposit is $250 except if you wish to use bank wire – in which case it is $500. E-wallets include PayPal, Skrill, Webmoney, and Neteller.

Withdrawals must be completed through the same way that the account was funded. AvaTrade will take 1-2 business days to process the request, but depending on the method through which you are getting the return, the process could take up to 10 days for the amount to show on your account.

My experience has been using credit cards, and the process has taken a total of 3 days to complete.

Customer Support

Customer service is not the fastest in the industry, but it is some of the best quality services you can expect.  The AvaTrade team quickly understands what the issues are and puts together a solution minimising the time you need to spend sorting out problems instead of trading.

Support is available by email and by phone.  There are many local phone numbers for help, so no matter where you are in the world, or where your travels take you, you have easy access to your broker.

Overall

I am a fan of AvaTrade, but I think that after having read this review you will see why.  The traditional elements are there – customer support, solid regulation, good account types and quick access to your money should you wish to withdraw.  But they are also trying to push the envelope for their customers – pushing into cryptocurrencies, swap-free account options, and new promotional offers.  The only thing I would like to see now is an award for their work from 2017 or 2018 because there is a clear break in those award AvaTrade was winning between 2014 & 2016, and I would like to see the industry affirm that they are as big a fans as I am.

Compare Brokers

AvaTrade Pepperstone XM Global Markets.com
Funding Mastercard, Visa, Neteller, Skrill, PayPal, Bank Transfer Mastercard, Visa, UnionPay, Skrill, Paypal, Bank Transfer Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bitcoin, Bank Transfer Mastercard, Visa, Maestro, Neteller, Skrill, Paypal, Bank Transfer
Regulated ASIC FSCA B.V.I FSC FSA ASIC CySEC FCA ASIC IFSC ASIC
Broker Type Market Maker ECN/STP Market Maker Market Maker
Currency Pairs 50+ 80+ 55+ 50+
Minimum Spread 0.7 0 1 0.9
Minimum Deposit $100 $100 $5 $100
Max Leverage 400:1 500:1 500:1 300:1
Visit Website Visit AvaTrade Visit Pepperstone Visit XM Global Visit Markets.com
Expert Review Read review Read review Read review Read review

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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