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AvaTrade Review

FX Author By Jeffrey Cammack Author Information Updated: July 9, 2020
Overall Rating
4.18 4.18 / 5
Min. DepositAUD 100
Max. Leverage400:1
Min. Spread0.9 pips
Regulators ASIC,FSCA,B.V.I FSC,FSA
Regulator Origin ASIC FSCA B.V.I FSC FSA
Trading Desk Type

Summary

Hugely respected worldwide, AvaTrade is one of the largest and best value brokers in the Forex industry. AvaTrade has built its reputation on providing a secure and innovative trading environment for beginner traders; it continues to add to that reputation with the recent addition of AvaProtect - an automated loss-protection tool - to its product lineup.

With support for the leading trading platforms and top-quality multilingual support, AvaTrade offers trading in Forex, commodities, cryptocurrencies, exchange-traded funds, options, bonds, and equities.

Reviews

Regulation 11110
Trading Conditions 11111
Trading Platforms 11110.5
Deposit & Withdrawal 11110.5
Education & Research 11000
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Standard
Bonuses 40% New Customer Deposit Bonus
Our Review Process

Trading Conditions

Minimum DepositAUD 100
Base currenciesUSD, GBP, EUR, AUD
Number of FX Pairs50+
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.9
GBP / USD1.6
USD / JPY1.1

Company Details

Company nameAva Capital Markets Australia Pty
Founded2006
Website www.avatrade.com.au
Type Market Maker
Regulators ASIC,FSCA,B.V.I FSC,FSA
Office locations Australia, Ireland, South Africa, Japan, British Virgin Islands

Deposit & Withdrawal Methods

Supported Platforms for AvaTrade

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.

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 the better the trading conditions become.  At the time of writing, bonuses were available for deposits above 250 USD.

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 $100 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.

Conclusion

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.

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.18 / 5 11110.5 4.61 / 5 11110.5 4.58 / 5
Minimum DepositAUD 100AUD 100AUD 5
Regulation
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
ASIC ASIC
DFSA DFSA
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs50+80+57
Crypto Pairs185
Pros
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Dealing desk
  • Limited education
  • High minimum deposit
  • Limited market analysis
  • Dealing desk
Read Full Review Read Full Review
Regulation 11110 4 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11111 5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Education & Research 11000 2 / 5 11110.5 4.5 / 5 11111 5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 79% of retail investor accounts lose money when trading CFDs with this provider 78.6% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage400:1300:1500:1
Spread0.9 pips0.0 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Retail (Standard)
  • Swap-free
  • XM Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , MT5 cTrader , MT4 , MT5 MT4 , MT5
Funding Methods POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread From 7 USD / lot - Razor Account 7 USD / lot - XM Zero Account
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Overall Rating 11110.5 4.18 / 5 11110.5 4.61 / 5 11110.5 4.58 / 5
Minimum DepositAUD 100AUD 100AUD 5
Regulation
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
FCA FCA
ASIC ASIC
DFSA DFSA
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs50+80+57
Crypto Pairs185
Pros
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Dealing desk
  • Limited education
  • High minimum deposit
  • Limited market analysis
  • Dealing desk
Read Full Review Read Full Review
Regulation 11110 4 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11111 5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Education & Research 11000 2 / 5 11110.5 4.5 / 5 11111 5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 79% of retail investor accounts lose money when trading CFDs with this provider 78.6% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage400:1300:1500:1
Spread0.9 pips0.0 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Retail (Standard)
  • Swap-free
  • XM Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , MT5 cTrader , MT4 , MT5 MT4 , MT5
Funding Methods POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread From 7 USD / lot - Razor Account 7 USD / lot - XM Zero Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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