AvaTrade Review

AVATrade Review

This award-winning forex broker was established in 2006 with its headquarters in Dublin, Ireland, and is regulated by the Central Bank of Ireland, by ASIC in Australia, by the FSC in Japan and also in the British Virgin Islands (B.V.I). The broker is also regulated by FSCA in south Africa, ADGM in the middle east and IIROC in Canada. 

This makes AVAtrade one of the most heavily forex broker in the world. It has offices around the world, in Ireland, Australia, Chile, China, Italy, Japan, Mexico, Mongolia, Poland, South Africa and other countries. AVA has over 300,000 clients worldwide and execute over 2 million trades a month, on average. Traders will enjoy competitive spreads, generous bonuses, diverse trading package, and complete transparency.

Account

Single commission-free standard account, with fixed and variable spread accounts and spreads starting at 0.0 pips, they self identify as having “ultra low spreads”. 

Traders can choose between trading forex with fixed spreads or floating spreads. Generous opening bonuses are available depending from which country you live in. Accounts can be traded on desktop, mobile, tablet and web-based platforms. 

There are no restrictions on scalping and short selling. Client funds are kept in segregated accounts in international banks. Traders can open a demo account with a trading platform of their choice to test out their skills and practice before playing with real money.

Minimum deposit

$100

Maximum leverage

 400:1 / 30:1 for EU Clients

Features

Ava Trade gives you the proprietary AvaTradeGO and AvaOptions trading platform as well as MetaTrader 4/5 to trade on. 

Clients can trade in over 50 forex pairs as well as cryptocurrencies, CFD stocks, bonds, Indices, ETF’s and commodities. They were one of the earliest brokers to offer digital trading on their platform. 

The Ava Trade trading platform gives you access to many types of orders including Limit orders, Market orders, Stop Loss, Entry Limits and Trailing stops. Hedging is allowed. Spread betting is possible through the Meta Trader 4 platform (for UK and Ireland-based clients only.) 

Clients with over $1000 deposits can access charting tools at Trading Central. The brokers also offer programs like Money Managers, Introducing Brokers, White Labels, Marketing Partners and Affiliates.

Cryptocurrency trading is available 24 hours a day 7 days a week.

Education

 Ava Trade offers education for beginners, videos, ebooks, economic indicators and access to Sharp Trader’s resources. 

The education section feature: Trading for beginners, Professional Trading Strategies and Economic Indicators.

Deposits/Withdrawals

Deposits can be done via wire transfers and cards such as credit/debit, with a minimum $100 deposit. Withdrawals are processed on the submission of a withdrawal form, but can take several days to process.  

Deposits with credit cards are instantly credited to your account, while e-payments can take up to 24 hours. Withdraws are processed within 1-2 business days.

The most common deposit method are bank wire, Visa, Mastercard, Skrill and Neteller. Deposit methods depend on your country of origin.

Customer service

Award-winning, multilingual support is available via phone, live chat and email in 34 countries and 25 languages.