Who is AvaTrade?
AvaTrade is an industry-leading forex trading platform. Established in 2006, AvaTrade ranks among the best of the world’s premier FX trading brokers with welcome bonus options and a wealth of tools, resources and features available to clients.
Retail traders can benefit from AvaTrade’s extensive experience in the industry, with exceptional trading software, up-to-date trade executions, and watertight security. Financial instruments like Ava Forex, AvaTrade Options, AvaTrade ZuluTrade, and AvaTrade Signals are a few of the many elements available to traders online.
Among the regulated CFD brokers (contracts for difference), AvaTrade is in its own league.
Clients can enjoy derivatives trading in rising or falling markets by trading price movements of securities without owning the underlying asset. As a credible, established, and reputable brokerage, AvaTrade has earned the admiration of traders as one of the best brokers.
An innovator par excellence, AvaTrade.co.za continually pushes the limits, delivering
an ever-increasing range of financial instruments with instant trade executions to clients. A community of like-minded traders contributes to the knowledge base, supplying valuable trading and investment advice.
As a fully regulated broker, AvaTrade enjoys ranking status around the world, notably in South Africa, the UAE, the British Virgin Islands, Australia, Europe, and Japan.
|Europe, Australia, Japan, British Virgin Islands, UAE & South Africa
AvaTrade Pros & Cons
Our comprehensive AvaTrade review covers all the bases, offering clients a complete picture.
One of the key areas where AvaTrade shines brightest is licensing and regulation. As one of the premier brokers with welcome bonus, AvaTrade maintains the highest regulatory standards among global authorities. Traders can rest assured that AvaTrade is fully compliant with the rules of each host nation, ensuring client protection and conflict resolution through regulatory oversight. This builds trust among stakeholders in terms of asset handling, financial reporting, transparency, and operational conduct.
Further, a strong global presence indicates access to the broad financial markets. This naturally lends to an impressive portfolio of financial instruments to trade across multiple time zones. That AvaTrade is an interconnected set of regulated companies speaks volumes about
the stability and credibility of the brand. Traders get to enjoy a local flavour with customised support options, a preferred selection of financial instruments, and tailored offerings for the rainbow nation.
The following regulatory approval has been granted to AvaTrade com and its various holding companies, subsidiaries, or branches around the world:
- In the UK, AvaTrade is regulated by the Financial Conduct Authority (FCA), adhering to high standards such as client fund segregation and transparent operations, ensuring a secure trading environment.
- AVA Trade EU Ltd – Regulated by the Central Bank of Ireland (CBI No.C53877)
- DT Direct Investment Hub Ltd – Regulated by the Cyprus Securities and Exchange Commission (No. 347/17)
- Ava Capital Markets Australia Pty Ltd – Regulated by the ASIC (ASIC No 406684)
British Virgin Islands:
- Ava Trade Markets Ltd – Regulated by the B.V.I Financial services commissions.
- Ava Trade Japan K.K. – Licensed and regulated by the Financial Services Agency (License No.: 1662) and the Financial Futures Association of Japan (License No.: 1574)
- Ava Capital Markets Pty – Regulated by the South African Financial Sector Conduct Authority (FSCA No. 45984)
- Ava Trade Middle East Ltd – Regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA No. 190018)
- ATrade Ltd – Regulated by the Israel Securities Authority (No. 514666577)
- In Canada, Friedberg Direct, powered by AvaTrade’s technology, operates under the regulatory oversight of the Investment Industry Regulatory Organization of Canada (IIROC). This partnership allows Canadian traders to utilize AvaTrade’s advanced trading tools with the security of a regulated Canadian firm, backed by the protections offered by the Canadian Investor Protection Fund
This Top 10 Forex Broker maintains a legit presence across multiple jurisdictions, ensuring compliance, transparency, and trust. Our Ava Trade review highlights the reasons we consider AvaTrade legit, and the best trading platform for beginners and experienced professionals alike.
AvaTrade facilitates smooth trading with an extensive variety of financial instruments. A personalized approach is adopted by this reputable platform, courtesy of automated trading options and manual trading options. Clients are welcome to enjoy 24/5 trading on PC, Mac, and mobile devices with a variety of powerful platforms. These trading platforms make it easy for clients to open/close positions and stay up-to-date with real-time prices and charting capabilities, among others.
CFD and options trading platforms are available, with web-based platforms, desktop platforms, and mobile platforms readily available. An intuitive, dynamic interface on each platform ensures a robust and feature-rich experience. The safety and security of traders is sacrosanct, with ironclad security protocols in place, AvaTrade demo trading for new traders, and rapid onboarding. Perhaps the most useful features of the trading platforms are the educational tools and resources.
New traders and seasoned traders alike can access videos, guides, trading tools and resources, and the reputable Ava Trade blog for expert insights. The main trading platforms include the following options:
- MetaTrader 4: Meet the king of trading platforms. MetaTrader 4, often hailed as a beginner’s best friend, offers a blend of simplicity and advanced features. Its unique selling point is the automated trading support with Expert Advisors, making it a top choice for both newbies and seasoned traders.
- AvaTradeGO: Trading on the go? AvaTradeGO is your perfect companion. This mobile app dazzles with its user-friendly design, advanced trading features, and crisp chart visuals, ensuring a top-notch trading experience right at your fingertips.
- WebTrader: Welcome to the future of browser-based trading with WebTrader. An award-winning platform that combines ease of use with advanced trading tools, all without the hassle of any downloads. It’s a hit among traders who prioritise convenience and simplicity.
- MetaTrader 5: Elevate your trading with MetaTrader 5, the advanced sibling of AvaTrade MT4. Boasting cutting-edge trading capabilities, an abundance of technical analysis tools, and a new coding language for automated trading, it’s designed for those who crave next-level trading.
- AvaSocial: Socialise your trading with AvaSocial. This innovative app transforms trading into a collaborative journey. Follow the lead of expert traders, engage with mentors, and uncover new strategies in a vibrant trading community.
- Vanilla Options Trading with Ava Trade: For those who love expressing market views with a twist, trading Vanilla Options with Ava Trade is a treat. It’s not just about calls and puts; it’s about leveraging embedded tools to craft and maximise your trading strategies.
- MetaTrader4 for Mac: Mac enthusiasts, rejoice! Trade effortlessly on your Mac with the tailor-made MetaTrader4 Mac version. Enjoy the full AvaTrade MT4 experience, optimised for your Mac interface, or switch seamlessly to WebTrader for a change of scenery.
AvaTrade introduces a new standard in risk reduction with AvaProtect, a new and innovative risk tool.
This unique risk management feature allows you to protect a specific trade against losses of up to one million dollars over a chosen time frame, all of this is in exchange for a modest hedging cost paid at the time of purchase.
AvaProtect was developed as part of the company’s ongoing commitment to client success and satisfaction and is available exclusively on AvaTrade’s platforms, Including WebTrader, which requires no download or installation whatsoever.
*For NEW traders considering joining AvaTrade, there’s an enticing promotion to consider. A 20% bonus is available until January 31st, 2024 (may be extended at management’s discretion), applicable on deposits starting from $200. This offer is a great way to boost your trading capital right at the start.
AvaTrade Accounts Types & Features
- Real account– Begin your journey into real money trading with a manageable AvaTrade minimum deposit of only $100*. The AvaTrade real account option is designed for traders ready to dive into the dynamic world of live trading, offering a gateway to the markets with a comfortable starting point.
- Demo account – A free account for practice purposes. Before trading with real money you can try Avatrade demo account and practice with $100,000.
- Copy Trading: A standout feature is AvaTrade’s copy trading facility. Especially beneficial for new traders, this feature allows users to mimic the trades of experienced traders, offering a learning curve while potentially earning. AvaTrade’s AvaSocial app enhances this experience, making it convenient to follow and replicate the strategies of seasoned traders.
- Free Demo Account – Hone your trading skills without any financial risk using AvaTrade’s free demo account. It’s the perfect training ground, providing you with $100,000 in virtual funds to practice and refine your strategies before you step into the realm of real money trading. It functions much the same as the real money account, with zero risk.
- Day Trader Account – Tailored for the active trader, this account offers competitive spreads and a diverse selection of assets. It’s an ideal choice for those who engage in daily trading activities.
- Professional Account – Designed for the experienced trader seeking an edge. This account features high leverage, low spreads, and the flexibility to engage in hedging and scalping strategies.
- Islamic account – Fully compliant with Shariah law, the AvaTrade Islamic Account caters to Islamic traders. It adheres to RIBA (no interest) principles, ensuring a trading environment respectful of Islamic financial values. This type of account uses MetaTrader4.
- MAM (Multi-Account Manager) Account – A specialised account for Money Managers. This account type allows for the efficient management of multiple client accounts, providing a streamlined solution for portfolio management.
AvaTrade offers an impressive range of trading instruments. Apart from the popular forex pairs and CFDs on commodities and indices, traders have access to major indices like the S&P500 and NASDAQ (National Association of Securities Dealers Automated Quotations), and even exotic instruments like VIX75 and Vanilla options. This versatility ensures that traders with diverse interests and strategies can find their niche.
AvaTrade Fees & Commissions
All forex brokers have fees and commissions. AvaTrade broker keeps it simple with a basic framework for charging clients. This includes compensation from the buy/sell spread whenever traders open positions. It’s seamlessly integrated into the quoted rates, ensuring no surprises on your trades. There are also several other fees to keep in mind, including the following:
- Overnight Premium: Holding a position beyond the Overnight Funding Time incurs an overnight premium, which is deducted from your account. This fee accounts for the cost of maintaining your position outside of standard trading hours.
- Inactivity Fee: AvaTrade encourages regular trading activity. Hence, an inactivity fee is charged after three consecutive months of non-use. This fee, subject to the currency of your account (USD: $50, EUR: €50, GBP: £50), is designed to maintain accounts that are not actively in use.
- Administration Fee: For accounts inactive over 12 consecutive months, an annual administration fee is applied. This fee compensates for the cost of making AvaTrade’s services available, even when not actively used. The fee structure is based on the account’s currency (USD: $100, EUR: €100, GBP: £100).
*Fees, commissions, and charges are issued at management’s discretion and are subject to change. It’s always a good idea to stay abreast of the latest fees by contacting customer support.
One of the benefits of being an AvaTrade trader is their customer service. Avatrade offers 24/5 support in English, French, Spanish, Portuguese, German, and Arabic. There are a few options for customer service:
- Live chat
- Email support
- Phone support
Here are the phone numbers and the contact information
Whether you are a new trader or an expert, it’s important to be able to get in touch with customer support as easily as possible. At AvaTrade, the support representative certainly doesn’t disappoint. They are highly knowledgeable, responsive, and courteous in all dealings with clients. The range of options is diverse and covers a variety of contact options such as WhatsApp, telephone, email and online contact forms.
Importantly, this Forex trading platform offers localised services for country-specific traders. A variety of options exists, with dedicated telephone numbers, for example SA traders (+27) 319800174, in addition to live chat functionality, a robust collection of FAQs, and a bustling community of social traders ready to lend a hand. That’s the true power of AvaTrade – the community of traders.
Avatrade’s latest Awards
- The European Best Forex Broker 2014 – 2019
- The European Best Bitcoin CFD Trading Provider 2014 – 2019
- Day Trading Best Forex Broker 2019 Winner
- International Business Magazine Most Innovative CFD Broker UK 2019 Winner
- Rankia The Best Forex Broker Portugal 2019
- FxdailyInfo Best Trading Experience 2018 Winner
- Wikifix Top 10 Brokers China 2018
- FX Eye The most Trust Worthy Broker China 2018
- FXEmpire Best Forex broker 2011 – 2018
Full awards list
AvaTrade’s Education materials
AvaTrade offers a rich collection of training materials including:
Trading videos – Video tutorials for beginner and expert MT4 traders on a wide variety of topics
Trading for beginners– +20 forex trading tutorials or beginners contain all the basics of online trading.
Technical analysis indicators & strategies
Economic indicators – Type of economic indicators, What is an economic calendar, and how to use economic indicators.
Market terms for pros – Learn the basic terms as Asset, Bid/Ask prices, Spread, Day trading, Swing trading.
Order types– Information about different types of market orders, pending orders, and conditional orders used on the financial markets
Trading ebook – Avatrade offers a free e-book “Forex trading strategies“
- What is AvaTrade?
AvaTrade is a leading forex trading platform established in 2006, renowned for its extensive experience, advanced trading software, and robust security measures.
- What makes AvaTrade stand out among CFD brokers?
AvaTrade distinguishes itself with its adherence to regulatory standards, offering derivatives trading in various markets and earning global admiration for its credibility and innovation.
- What types of trading platforms does AvaTrade offer?
AvaTrade provides a range of platforms, including AvaTrade MetaTrader 4, AvaTrade MetaTrader 5, AvaTradeGO, WebTrader, AvaSocial, and Vanilla Options Trading, each offering unique features for different trading styles.
- What account types are available at AvaTrade?
As indicated in this AvaTrade review, this FX broker offers several account types, including Real Money Trading, Free Demo, Day Trader, Professional, Islamic, and MAM (Multi-Account Manager) accounts, catering to diverse trading needs.
- How are fees and commissions structured at AvaTrade?
AvaTrade’s fees include a buy/sell spread, Overnight Premium, inactive fee, and Administration Fee, all designed to be transparent and integrated seamlessly into trading operations.