Avatrade Broker Review 2021

Avatrade Broker is considered as “Low-Risk Place for investors”, and they have a trust score of “93 out of 99.” They aren’t publicly traded, and they don’t own a bank as well. Read the complete Avatrade Review now.

Avatrade

Regulated by BVI FSC, ASIC, FFAJ, AD-FSRA, CBI

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Introduction

Fabricated back in 2006, AvaTrade has built a solid place for itself in the Forex brokerage industry. Regulated by the tightest regulations, Ava is operating as a CFD and Forex broker globally and the headquarter is located in Ireland. 
 

Now that we’ve had a glance at the brief history of Ava, Let’s stay up to date with two of the most asked questions on the internet that are about them. Here’s how it goes: 
 

Is AvaTrade a good broker?
 

In short, they are actually pretty good.
 

When it comes to prominence, there's really nothing much to state as their reputation precedes them and in any case, Ava is quite clinical. Besides, they were awarded the "best copy trading platform in 2021", where they outperformed most of their competitors.
 

So, take a WILD guess!
 

Is AvaTrade safe?
 

AvaTrade is considered even safer with a trust score of 93 out of 99 therefore you can easily understand the rest. Ava is regulated by 3 A-listed regulatory bodies, including: 
 

  • -ASIC (Australian Securities & Investment Commission)
     
  • -JFSA (Japanese Financial Services Authority)
     
  • -IIROC (Investment Industry Regulatory Organization of Canada).
     

Hope you've got your answer!

Broker Details

  • Minimum Trade Size: 0.01
  • Maximum Leverage: 30:1
  • Minimum to Open Live: $100
  • Established: 2006
  • Address: Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland
  • Contact: cs@avatrade.com, 353 766803327
  • Regional offices: #
  • Prohibited countries: IRAN,UNITED STATES
  • Trading platforms: MT4, MT5, WebTrader, AvaOptions, AvaTradeGO, DupliTrade, Trading Central
  • Web Trading: Yes
  • Mobile Trading: Yes
  • Currencies: (55+)
  • Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
  • CFD: (500+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities
  • EAs/Robots: Yes
  • News Spike Trading: NO
  • Scalping: Yes
  • MAM: Yes
  • PAMM: NO
  • ZuluTrade: Yes
  • Deposit Methods:

    Bank Wire, VISA, MasterCard, Boleto, DinPay, FasaPay, gCard, Neteller, PaySec, SafeCharge, Skrill, VoguePay, WebMoney

  • Withdrawal Methods:

    Bank Wire, VISA, MasterCard, Boleto, DinPay, FasaPay, gCard, Neteller, PaySec, SafeCharge, Skrill, Tranzila, UnionPay, VeriTrans, VoguePay, WebMoney

Trading Conditions

AvaTrade is known for providing a wide range of trading opportunities for all sorts of traders. They provide 3 sorts of trading account, including:
 

Standard Account: Best suited for novice traders as it was built especially keeping them in mind.
 

Corporate Account: It is more of a professional trading account for the PRO Forex market figures.
 

Islamic Account: This account was designed for Muslims who follow the rule of SHARIAH.
 

Now, let's disclose some of the internal broker factors which obviously shed a light on the spreads, execution, margin and leverage, currency pairs, swap rates, trading hours.
 

Here are the deets...
 

Note: If you're looking to trade across a lot of pairs, then Ava can be referred to as your final destination as they are providing 40+ currency pairs to trade.
 

Spreads:
 

The spreads that AvaTrade provides are a bit high as well as a little above average comparing its competitors in the industry. Besides, the approx mathematical figure is 0.9 pips on the EUR/USD, and the rest follows like this...

 

 

Except for that, Ava is also providing CFDs as well and the variables are stated below:
 

  • FTSE: 0.5
     
  • GBP/USD:1.0
     
  • Oil Spread:0.02
     
  • Stocks Spread: 0.13 
     

Execution:

In the field of making ultra-fast executions, Ava is playing it GENTLY as they are now providing two types of executions.
 

  • Instant Execution
     
  • Market Execution
     

In instant executions, the clients can specify the order details along with can set both a specific amount and price of their preferred assets. On the other hand,

The market execution is completely different from instant execution. Using a market execution a trader can both buy and sell their trading assets according to the current market price. There's no need to set any specific amounts on it.
 

Margin and leverage: 

The maximum leverage that you'll get from Ava is 1:400 and which both Forex and indices abide by. But there is one specific condition which you've to follow which is you've to be a non-European. 
 

Apart from that, the brokerage is rendering 1:200 leverage on commodities and 1:20 on stocks.
 

Note: The daily swap rates that AVA charges quite often is an approximation of -0.0058% for both long and short positions on indices and individual stocks.
 

Trading Hours: 
 

Most of the markets stay open 24/5 (from Sunday night to Friday night) except the crypto market which operates 24/7 long.

Products

As we've already mentioned earlier, Ava is known for providing a wide range of trading products which includes:
 

Forex: You'll be getting up to 50+ currency pairs to choose from.
 

CFDs: Wide range of CFD services are available except real stocks and bonds.
 

Stocks: Apart from the real stocks, you'll be given access to other individual stocks to trade.
 

Cryptos: Vast number of cryptocurrencies are available for trading. Crypto CFDs are also available.
 

Besides, if you’re having second thoughts on why you should trade Crypto CFDs with Ava then look at this instead:

Source: AvaTrade.com


Note: Despite the fact, AvaTrade provides ultra-wide trading access but you won't be getting access to other popular assets such as real stocks, bonds and mutual funds.

Regulation

Regulation is considered to be one the most vital aspect that defines whether a brokerage is trustworthy or not. Besides, a properly regulated status ensures prominence and unparalleled service along with client satisfaction.
 

And that's not even the BEST case scenario!
 

Tight regulations imply that your funds and capitals are secure so that you can trade freely in a safe and user-friendly environment. 
 

Now, as of Ava's regulation, the brokerage is heavily regulated by probably the tightest regulatory bodies across the sphere. 
 

Here are the deets...
 

  • In the European continent, Ava is regulated by the Central Bank of Ireland in Europe with license number #C53877.
     
  • In the Australian region, The broker is regulated by ASIC under license number #406684.
     
  • In the Japanese region, they are regulated by both FSA and FFA and the license numbers are #1662, #1574. 
     
  • In South Africa. they are regulated by FSB under license #45984. 
     

So, now you might get an ABSOLUTE disclosure about their service as they are regulated BIG-Time.
 

And... it gets even better!
 

AvaTrade is working its way out to open a service in Canada and bearing that objective in mind, they're currently collaborating with Friedberg Direct which is a sub-division of Friedberg Mercantile Group Ltd.
 

Just so you know, they are regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

Platforms

We all can agree on a specific thing, trading platforms are one of the primary aspects that defines the status of a online trading broker and when it comes to that, 

Ava is like, " hold my trading platforms!"
 

As they will provide you access to probably all the trading platforms that currently exist in the trading sphere. Because Ava believes there should be something for everyone.
 

Whether you're a novice trader or an experienced one, you'll get everything you're looking for with AVA. Which includes:
 

Ava Web Trader: The web trader platform is pretty useful these days as it won't cost you any unnecessary installation process. , lso, with Ava's multi-language in trading platforms, it's getting easier to trade for every trader across the globe even if they speak other languages.
 

So, hatts off to Ava!
 

Look and feel: The web trader platform is not so very customizable but it's quite easy to understand. Due to that, first-timers won't feel any hassle using it.
 

Pros and cons: 
 

pros:
 

  • It's undoubtedly a user-friendly platform.
     
  • The search functions are alright.
     
  • Ava protect comes in handy
     

Cons:
 

  • Two-step verification is unavailable
     
  • Limitation in customization.
     
  • Price alerts are not available.
     

Security:
 

With the presence of Ava protects, the environment feels safer but a two-step verification would be more preferable.
 

MetaTrader 4 
 

The MT4 trading platform (available for both mac and windows) is considered to be one of the classic trading platforms of all time and with the extra edition of the multi-language support as a plus point the AVAs MT4 is BETTER than ever.
 

Look and feel:
 

The MT4 indeed contains a better customization option than the web trader. Changing the size and position of the tabs has never been this easy.
 

Well played there!
 

Pros and Cons
 

pros:
 

  • A great customization option is available 
     
  • Multi-language support is available
     
  • Ava protect is working smoothly
     

cons:
 

  • Two-step verification is not present
     
  • Some usual search functions were missing
     

Security:
 

The security status of the MT4 trading platform is "okay". Not too good though as it doesn't support a two-step authentication process.
 

MetaTrader 5 
 

The MetaTrader 5 is more of a modern time MT4 sort of account or in simple words, it's an updated and modified version of MT4. The trading platform is comparably more innovative and offers a smart trading experience than its competitors.
 

Look and feel:
 

The MT5 is a heavily customizable trading platform also it supports various language setups just in case you are not compatible with English.
 

Pros and Cons
 

pros:
 

  • User-friendly trading platform
     
  • Multi-language support is available
     
  • Security is Top-notch as the information is transferred through 128-bit keys.
     

cons:
 

  • Two-step is verification is not available
     
  • Some usual search functions were missing
     

Security:
 

Though the MT5 doesn't have a two-step verification procedure it is secure 100%. With the use of military-grade encryption of 128-bit keys, you'll feel a more secure trading environment.

Mobile Trading

AvaTrade Go 
 

AvaTrade Go is a mobile trading platform designed by Ava. It's one of the most customized and user-friendly mobile trading platforms out there. 
 

Note: AvaTrade Go doesn't come with the multi-language setup option and the language is English by default.
 

Look and Feel: 

Needless to say, the mobile trading platform of Ava is HEAVILY customized to provide the user a friendly and satisfactory trading experience. Price alerts and search functions are operating smoothly. 
 

The AvaTrade mobile trading platform looks nice and is user-friendly.
 

Beyond the usual mobile functions such as search or alerts, even education videos and customer support chat are available right inside the app.
 

Pros and Cons:
 

Pros: 
 

  • The platform is user friendly
     
  • Search functions are alright
     
  • Secured with AvaProtect
     

Cons:
 

  • Two steps verification is not available
     
  • Multi-language setups are not available.
     

Security: 
 

Like every other trading platform provided by Ava, their mobile trading platform also doesn't come with two-step verification.
 

They need to work on that one, wouldn't you agree?
 

AvaOptions Mobile
 

AvaOptions mobile is the latest trading platform designed by ava and which was created for mobile devices only. The trading platform is quite similar to the web version provided by Ava. Despite the visual lackings, the platform is BEST suited for professionals.
 

Look and feel
 

The AvaOptions mobile doesn't come with anything fancy rather than that it's quite a simple one. It's easy to use and all the systematics are fully operational but sometimes things can get a little out of hand while using it on mobile devices.

Which is somehow justified!
 

Pros and Cons
 

 pros:
 

  • The user interface is easy to understand
     
  • Multi-language support is available
     
  • Fast and secure response
     

cons:
 

  • Two-step is verification is not available
     
  • Lack of customization
     

Security
 

With the Ava protect option is activated, the platform feels safer, but there's no denying that the presence of two-step authentication would add much more value.
 

What is your concern regarding this?

Bonus & Promotion

AvaTrade has declared itself as one of the most secure and regulated brokerage firms that currently exist. As a result, they don't provide bonuses or promotions quite often.
 

But, guess what?
 

They are now providing 2 types of Forex bonuses which include the welcome bonus for the new traders and a referral bonus for all sorts of traders.
 

Let's break it down in a little bit of detail, shall we?
 

Welcome bonus:
 

Ava is currently providing up to 40% Forex welcome bonus and for your kind information, the percentage will vary depending on the amount made on deposits.
 

Here are the terms and condition that you need to follow in order to attain the bonus:

Referral Bonus
 

Referral in simple terms implies, inviting your friends or known person to join a certain group. Ava also lets you do that and not only that they also render a solid amount based on the deposits that your referred person makes. 
 

The bonus starts at  $250-$500, offering a $75 bonus, to $10,000, and up offering a $400 bonus.
 

Here are the terms and condition that you need to follow in order to attain the bonus:

Deposits & Withdrawals

Deposits 
 

When it comes to variation, AvaTrade almost lives up to every expectation that a trader generally possesses and why is that?
 

Well, that's how they like to do things!
 

Moving on, for making deposits they offer a wide range of accessibilities, including:
 

  • Visa
     
  • MasterCard, Debit card
     
  • Bank Wire Transfers
     
  • E-Wallets such as Paypal, Skrill, Neteller
     
  • WebMoney
     

Note: In order to open an account, the minimum deposit bonus of AvaTrade is 100 USD or equivalent to that amount.
 

Withdrawals
 

For withdrawing purposes, the traders are more than welcome to use all the transaction methods they've used to make deposits with AVA. And which are:
 

  • Visa
     
  • MasterCard, Debit card
     
  • Bank Wire Transfers
     
  • E-Wallets such as Paypal, Skrill, Neteller
     
  • WebMoney
     

Besides, the withdrawal procedure usually takes 5 business days to get completed and if you're looking for a faster way then try using the Ava Debit MasterCard for a change. Why?
 

Because it guarantees super-fast execution!

Customer Support

AvaTrade has an active customer care service committed to serving clients across the globe. Besides, you can interact with them using,
 

  • Live Chat
     
  • Phone
     
  • Email
     

The live chat is quite prominent as it offers multi-language support but remember that the service is only available 24/5. Though this could be better!
 

You can also communicate with them via mobile phones but which often is considered more costly than their other two communication methods. Besides, sometimes the calls take a lot of time to get connected.
 

Which can cause irritation sometimes!
 

Despite everything, their Email support is great as you'll be getting instant replies to your emails.

Research & Education

The education sector of Ava's is enriched with a lot of quality resources which includes several basic trading aspects, overviews of trading indicators, breakdown of charts, and much more!
 

Besides that, it also contains:
 

  • A demo account for beginners
     
  • Several tutorial videos
     
  • Common Educational videos 
     
  • Top-quality trading blogs
     
  • Trading Ebooks
     
  • Webinars
     

Those days are over when we use to surf the browser for several Forex articles or videos as Ava has put all of them in one place.
 

For that, Applaud!

Comparison

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frequently asked questions

  1. Log into your trading account with your email address and password.
     
  2. Once logged in, go to the withdrawal section.
     
  3. Fill out an online withdrawal form through your account.
     
  4. Your withdrawal will be processed within the next 24 business hours.

Withdrawals are typically processed and sent within 1 business day. Once the withdrawal is approved and processed, it may take some additional days to receive the payment: For Credit/Debit Cards - up to 5 business days. For e-wallets - 24 hours.

It is a measure of the market's expectation of near-term volatility of the prices of S&P 500 stock index options. Currently, AvaTrade does not offer the VIX. You can, however, expand your portfolio with other indices like the Dow Jones or the DAX 30. AvaTrade's list of assets continues to grow.

Trade the NASDAQ 100 with AvaTrade

AvaTrade is committed to providing you, our traders, with the most up-to-date trading tips, tools, and professional coaching advice that will assist you when making trading decisions on the NASDAQ 100 index. Register today and get a welcome bonus of up to $10,000.

For residents outside the European Union, AvaTrade offers maximum leverage of 1:400 on Forex and indices, 1:200 on commodities, 1:20 for individual stocks and shares and ETFs, and 1:20 on cryptocurrencies. Every type of account offered by AvaTrade allows hedging, scalping, and automated trading via Expert Advisors.

Dublin, Ireland

AvaTrade was established in 2006 and is located in Dublin, Ireland. Offering trading services in over 150 countries with offices located worldwide.

AvaTrade's customer support service has a good reputation, partly because they are a well-regulated and global Forex / CFD brokerage, and partly because support is given in a wide variety of languages provided by native speakers – in over 15 different languages.

AvaTrade is considered safe since it is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC).

All review here

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Newlen Tonway

Khulna , Bangladesh
2021-06-01 11:51:58

Very Fast Withdrawal Process

  • Service use : Live
  • Length of use: 0-3 Months

The withdrawal time takes 24 hours where required maximum of 72 hours. Loved their fast withdrawal process.