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Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.
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If you are searching for a trading platform tailored for both beginners and seasoned pros, we recommend AvaTrade. This service provider has been up and running since 2006 and has hundreds of thousands of global clients. Over the years, it has received numerous prizes and awards, from the Best Forex Trading App Europe (2024 FX Empire) to the Most Trusted Trading Platform UAE (2024 International Business Magazine).
We also consider the AvaTrade broker to be an exceptional service provider because it offers excellent educational resources, from guides and courses. Beginners can use such materials to advance their knowledge and increase the odds of making decent profits. AvaTrade users also have access to the most popular tradable assets, outstanding trading platforms, and impressive customer support services.
In This Guide
Our Opinion about AvaTrade
We’ve used AvaTrade for a long time, and it’s one of our favorite trading platforms. We always recommend it since it is regulated by numerous reputable bodies, from ASIC and the CBI to CySEC, the FSA, and the FCA. If you want to enjoy unmatched security and peace of mind, consider trading with this service provider. You’ll also get unlimited access to the most important financial instruments today, including forex pairs and CFDs on ETFs, stocks, etc.
AvaTrade is also on our list of the most recommended brokers since its users have access to incredible platforms, from AvaSocial and DupliTrade to MT4 and MT5. And if you’re a beginner who has yet to become familiar with such solutions or any other aspects of online trading, AvaTrade has your back. The broker gives newbies and novices access to different rich learning materials, including free courses, guides, and tutorials. Check out the Ava Academy for these and many other educational resources.
AvaTrade
✔Regulated by FCA
✔The platform supports algorithmic trading
Pros & Cons
Pros
- Licensed and regulated by numerous top-tier authorities, including the FCA, CySEC, the FSCA, and ASIC
- Unparalleled educational resources, from guides and courses to tutorials and webinars
- Responsive and knowledgeable customer support representatives
- Users have access to diverse outstanding trading platforms, including MT, MT5, and AvaSocial, Ava Trade’s social trading app
- The platform supports algorithmic trading
- Top-notch risk management systems like Guardian Angel and stop-loss orders
Cons
- Higher inactivity fees than many of its competitors
- Fewer tradable instruments than other top brokers
- No biometric authentication or 2FA
Fees
Our experts investigated the AvaTrade broker’s fees and charges. We first noticed that the platform has a modest minimum deposit requirement of $100. What’s more, its users pay no additional costs while depositing funds or cashing out. That makes AvaTrade an ideal broker for both cost-conscious and newbie traders who want to test their waters with small capital before going all in.
That said, AvaTrade requires dormant account holders to pay $50 after every 3 consecutive months of inactivity. Moreover, if you let your account remain inactive for over successive months of inactivity, the broker will charge you a $100 administration fee. Not to forget, AvaTrade requires traders who hold positions overnight to cover a premium.
Here’s a breakdown of the fees you should expect to encounter while trading with this service provider:
| Fees and Charges | Amount |
|---|---|
| Spreads | From 0.9 pips |
| Administration fee | $100 |
| Inactivity fee | $50 |
| Overnight premium | Yes |
Available Assets
The AvaTrade trading platform’s users have access to over 1,250 financial instruments, from forex pairs and indices to commodities, options, ETFs, and more. Below is an overview of some of this service provider’s product offerings:
- Forex: As an AvaTrade user, you can trade diverse popular currency pairs, like EUR/USD, CAD/JPY, and USD/TRY. You can also boost potential returns with leverage of up to 400:1.
- Commodities: From crude oil to silver, corn, and platinum, countless commodities are available on the Ava trading platform. They have competitive spreads and juicy leverages for individuals who want to access larger positions with small capital.
- Cryptocurrencies: With an AvaTrade account, you can trade crypto CFDs like BTC/USD, Ripple, and Bitcoin Gold. These assets have reasonable spreads starting from 0.10% over-market.
- Stocks: Over 90 stocks are accessible on the AvaTrade platform, including popular products like Groupon, Apple, and Microsoft. You can trade such instruments and enjoy reasonable spreads starting from 0.13%.
- ETFs: If you want to trade ETFs, AvaTrade has you covered. You’ll find numerous outstanding assets, such as the MSCI EAFE Index Fund, S&P 500 VIX Short-Term Futures ETN-Series B, and Energy Select Sector SPDR.
- Indices: After opening an AvaTrade account, you’ll get uncapped access to US500, UK100, CHINA A50. The broker also allows index traders to enhance potential returns with up to 100:1.
- Options: AvaTrade’s AvaOptions trading platform allows users to trade options. It’s also equipped with 13 strategies, including call spread, put spread, and straddle.
Security
AvaTrade is dedicated to providing optimum security. The broker protects client money and information using 256-bit SSL encryption and strict account segregation policies. Plus, the Ava site has a True Site identity assurance seal and uses McAfee Secure to prevent identity theft and credit card fraud. We also consider AvaTrade to be one of the most secure trading platforms today since multiple authorities, including the FCA and CySEC, monitor it.
Note: AvaTrade CBI regulation in Europe only applies to members of the European Union. This also means that some countries in the EU have other financial authorities regulating their activities.
Conclusion
Our AvaTrade review has introduced you to some of the upsides and downsides of trading with this outstanding broker. But, before opening an account, we strongly urge you to vet this service provider based on your needs and goals. If you are a beginner, please visit Ava Academy and acquire as much knowledge as possible before risking any capital. Don’t forget to make good use of the demo account offered by this broker.
BrokerRaters Rating:
✔Regulated by FCA
✔The platform supports algorithmic trading
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Risk Warning
76% of retail investor accounts lose money when trading CFDs with this provider. 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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5
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5
Commissions & Fees
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5
Platforms & Tools
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Educational Resources