AvaTrade Review

Low fees

Best Brokers in January, 2021


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Fact-Checked and Verified Brokers

With Investment Protection

Commission range Low
Trading Portfolio CFD, Crypto, Forex, Fx
Regulation Fully regulated by several financial authorities
Trading Platform & Apps Mt4, Mt5, Webtrader, Android, IOS
Education Quality FAQ, Video, webinar
Category:

AvaTrade is one of the best regulated low fees brokers to trade CFD & Forex. The trading platform is easy to use for beginners and professional traders.

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You will get: Offers Low Trading Fees Multiple Base Currencies Customisable Dashboard Regulated in many countries Free & Fast Withdrawal
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AVA.

AvaTrade Review At a Glance

AvaTrade is a low fees regulated broker

8.8Expert Score
AvaTrade Review
AvaTrade Review
AvaTrade is one of the most popular regulated brokers that offers CFDs, & Crypto & FX with 56 currency pairs. On the bright side, AvaTrade charges low fees for trading both CFDs and Forex. The negative point is that the charge high inactivity fees.
Trading Platform
9
Commission
9
Research & Tools
7
Education
9
Customer Support
8
Investor Protection
8
PROS
  • Offers Low Trading Fees
  • Multiple Base Currencies
  • Customisable Dashboard
  • Regulated in many countries
  • Free & Fast Withdrawal
CONS
  • Investment protection is only available in the EU Countries
  • You will be charges "Administrative and Inactivity" fees
  • Web trading platform is not that user-friendly

What we've covered in this review:
10Expert Score
Regulation Score

The broker is fully regulated. We have also checked it against scam and fraud.

L:

AvaTrade is a Low Fees Broker

AvaTrade charges low fees and commissions

AvaTrade started offering trading service since 2006 and gain reputation as one of the best forex brokers internationally, and a trusted online broker with solid portfolio of Forex and Contract for Difference. The trading fees are low and there is no extra fee for withdrawal.

AvaTrade offers CFDs, Foreign currency & Crypto to all traders. Like many other AvaTrade alternatives, you can use their online trading platform in all 3 forms of web trading, mobile apps trading and desktop trading platform. You have access to charting features with decent customisation capability.

AvaTrade is well regulated in the majority of jurisdictions:

  • (ASIC) in Australia also known as Australian Securities and Investments Commission
  • (FSCA) in South Africa which is known as Financial Sector Conduct Authority
  • In Japan, they are governed by both (FSA) the financial service agency, and also (FFAJ) Financial Futures Association of Japan
  • The Central bank of Ireland and B.V.I from the British Virgin Islands

Even though AvaTrade is not publicly listed on any stock exchange, the leadership of the company maintains its reputation as a safe and trusted broker since it is regulated by top-tier financial authorities.

After carefully reviewing and testing AvaTrade,  we found their services to be good for both beginners and professional traders. Hence, our ranking for this online broker is as follows:

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8.8Expert Score
Trading Fees Score

There is $50 Inactivity fee, yet the CFD fees are fair.

$:

How much is AvaTrade Fees?

Low Commissions, Tight Spreads

If you want to know if AvaTrade is a good broker for forex trading, you must know that You can not set the leverage to one and trade other real stocks and ETFs.

The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.

  • ✓ For S&P 500 CFD the fee is 0.5 average spread cost, which is considered to be low.
  • ✓ For Europe 50 CFD the fee is 1 pips average spread cost, which is considered to be low.
  • ✕ For EURUSD the fee is 0.9 pips average spread cost, which is considered to be high.
  • ✓ $50 per month after 3 months of inactivity is what AvaTrade charges which is also considered pretty much high.

Lets deep dive and have a look at AvaTrade’s fees for forex and CFD trading. In the tables below we will also run a comparison between AvaTrade and two alternative brokers to show you their fee too.

This comparison scenario is running this way: A typical trade here means buying a leveraged position, then holding it for 7 days, and only sell after that period.

* Volume: a $2,000 position for the stock Index

* Volume: a $2,000 position for CFD
* Volume: $20,000 for the forex transactions.

 

The leverage in these scenarios are:
• 20:1 stock index CFDs
• 5:1 CFD
• 30:1 forex

Vs:

Compare Ava Trade Alternatives

AvaTrade, XM, Plus500

Forex ScenarioAvaTradeXMPlus500
EURUSD19.217.117.2
GBPUSD15.713.814
AUDUSD1213.912.6
EURCHF8.59.19
EURGBP1412.212.6

CFD ScenarioAvaTradeXMPlus500
S&P 500 index CFD fee$0.9$2.4$2.1
Europe 50 index CFD fee$0.6$2.4$1.3
Apple CFD fee$4.1$3.4$8.9
Vodafone CFD fee$6.1$5.6$7.6

Here are some other top alternatives to AvaTrade for non-English speaking traders:

أفضل وسطاء العملات الأجنبية in Arabic, beste forex broker in German, broker cfd terbaik di indonesia in Indonesian, migliori broker cfd in Italian, melhores corretoras de forex Portuguese in brazil, and finally bästa cfd-mäklare i Sverige in Swedish.

As you can see in the table above, we reviewed three Low Fee Broker in 2020, and compared AvaTrade fees with the other top brokers. You can review them by clicking here: XM review and Plus500 Review.

Well, you need to keep an eye on other broker fees such as trading fees and non-trading fees too.

Trading fees are very easy to understand. Those fees only apply when you trade cfds or literally trade anything. These fees are relatively low when you choose interactive brokers.

When you talk to a frequent trader, you will always hear these terms because trading fees come in forms of:

There is also Non-trading fees:
These charges are not related to what currency or options you trade or what stock market you are looking after. They are broker’s fees such as withdrawal and inactivity fees.

How much is AvaTrade minimum deposit? It’s Simple, $100.
When you trade with AvaTrade, you can choose from these 5 base currencies: USD, EUR, CHF, AUD*, GBP**

• AUD currency is for Aussies and Australian Clients*
• GBP Pound is only for clients from the UK.**

To start stock trading, this brokers charge you no fee for initial deposit. You ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not, this broker offers a demo account to practice which is very good for beginners.

Tip: Some online broker, including AvaTrade may offer trading bonus. In these cases, there is always terms and conditions that applies to withdrawing your cash. So the minimum requirements to withdraw commission from AvaTrade is this:

8.5Expert Score
Trading App Score

When trading with AvaTrade, you can choose from MT4, MT5, or Ava Options

P:

What is AvaTrade’s Trading Platform?

AvaTrade offers MT4, and AvaOptions

AvaTrade offers trading platforms for beginners and experienced traders. It uses MetaTrader as the main trading engine. MetaTrader4 & MetaTrader 5 enables you to fully customize your reports and charts.

You can trade on all three trading platforms:
Web trading platform is powered by Web Trader.
Desktop trading is available for windows and Mac users too.
Finally, AvaTrade’s mobile trading App which is called “AvaTradeGO” is available for Android and IOS users.

When we tested AvaTrade platforms, it was very easy to take control and navigate through. You can easily monitor the instruments, Fully control when to close or open your position, Review trading history, use technical analysis and more. In fact, the UI & UX of AvaTrade platform is unique and user-friendly.

At a glance it looks like this:

If you are interested in robo-advisors, and automated trading, then Zulu and Dupli Trade, and MQL 5 trading signals are your options. Luckily AvaTrade Offers these services to traders.

Even though the default language is English, trading with MetaTrader 4, MetaTrader 5, AvaOptions, and Web Trader supports the following languages: Arabic, Danish, Dutch, Finnish, French, German, Italian, Japanese, and many more.

By the way AvaTrade is one of the brokers that accept PayPal. Besides, you can deposit to AvaTrade platform via any of these payment methods:

  • Credit card
  • Wire transfer (NatWest, Barclays, UniCredit)
  • Neteller
  • Webmoney
  • DinPay
  • FasaPay
  • Moneybookers
  • Safecharge
  • VoguePay (PraxisCC55)
  • Skrill
  • F2P CUP
  • Paysec
  • G-Card
  • UnionPayBT
  • UnionPay
  • Tranzilla
  • Veritrans
  • POLi (Australian clients only)
  • Ideal –An Instant Bank Wire Transfer for Netherlands.
  • Min deposit: 100 Euro
  • Max 30K Euro
  • Klarna (Sofort) – An Instant Bank Wire Transfer for Germany, Austria, Belgium, Netherlands, Italy, France, Poland, Hungary, Slovakia, Czech.
  • Min deposit: 100 Euro
  • Max 30K Euro
  • Rapid Transfer
  • WebMoney
  • Perfect money
A:

What Trading Account Type Does AvaTrade Offer?

AvaTrade offers 3 types of trading accounts

What broker should I open account as a Beginner?

At first let’s have a look at all three types of trading accounts that you can open with AvaTrade.

  • Like the other brokers, you can have a Standard Account as an individual.
  • As a business or a legally registered entity, you can hold a Corporate Account.
  • The third type of trading account is designed for Muslims who are interested in online trading. It is called Islamic Trading Account which doesn’t charge swaps for your account.

Tip*: you can open a Professional Trading Account by request, only if you can prove that you had hold half a million Euro portfolio in the past year.

You can expect a very easy, smooth and professional process to open your account with AvaTrade which takes only 1 day; It’s super easy to place an order and you will be guided throughout the process.
As for demo account, you can immediately open and begin using it

However, once you compare online brokers and decide to move forward as an online trader and work with real money and real shares with AvaTrade Platform, You must provide your passport copy or Gov-ID along with proof of residency (something like a utility bill or bank statement). Here is a list of AvaTrade account types:

  • Account currencies: AUD, JPY, GBP, USD, EUR, CHF
  • Minimum deposit: $100 | €100 | £100
  • Maximum leverage: EU – Up to 30:1, Professional Client/ROW up to 400:1
  • Minimum trade size: 1,000 units on Forex pairs
  • Spreads: EUR/USD

For EU:

  • Retail spreads: as low as 0.90
  • Pro Spreads + Canada: as low as 0.60

For BVI – as low as 0.90

  • Spread betting: UK & Ireland (only in GBP Currency)
  • Scalping – Millisecond trading
  • Hedging – Open Buy & Sell positions simultaneously
  • Free demo account – active for only 30 days
  • Vanilla options (AvaOptions): Forex pairs, Gold & Silver
  • VIP account: Yes
  • Demo account: Yes
  • Islamic account: Yes
  • Segregated account: No
  • Corporate account: Yes
  • Managed account: Yes
  • Institutional account: No
  • Trading desk type: Dealing desk + Market maker
7Expert Score
Trading Instruments

Most of trading instruments and products are CFDs. The portfolio is not that comprehensive.

Fx.

What Can I Trade with AvaTrade?

You can Trade Crypto, Forex, CFD, and shares with AvaTrade

Should I Trade ETF, Forex, or CFD?

Can you trade Forex & CFD on AvaTrade? The answer is very simple. The main options that are available to you at AvaTrade are:

  • Stock Index CFD
  • Foreign Exchange
  • Other Contract for difference

Trading Advice: When you buy with no leverage (that means leverage=1), it actually means you buy real stocks and not contract for difference / CFDs. That’s why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (also known as digital currency) are traded as real assets.

All other positions are kind of contract for difference (this applies to cfd traders). Let me give you an example. The leveraged buy positions and all sell positions of stocksETFs and cryptocurrency as well as all foreign currenciescommodities and indices positions.
(Be aware of the risks of price movements / we have no info at this moment about fiat currencies)

Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. Unfortunately, You can not change the default leverage level of the products.

For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs.

What to trade today?

Trading Instruments & Offers:

Currency Pairs

56

Stock Index CFD

20

Stock CFDs

630

ETF CFDs

5

Commodity CFDs

17

Bond CFDs

2

Future CFDs

0

Crypto

17
9Expert Score
Tools & Education Score

Although the minimum deposit seems high, the tools & materials are fair and good for beginners

CH:

What Charting Tools Avatrade Offer to Beginners?

 

How Good is AvaTrade Analysis, Research Tools & Education?

When it comes to research and technical analysis tools, AvaTrade is above average. Generally, conducting technical analysis in CFD & Forex trading means you pay attention to the historical data and charts to make better decisions. In AvaTrade, you can access the following trends:

  • Short term
  • Intermediate term
  • Long term trends

Put simply, whether you need a chart, or list of assets, you can easily generate all the reports you need and track your trading portfolio performance and be on top of the game. It’s kinda easy, and you can see a clear profit/loss or commissions paid reports.

As for education, if you are looking a lot of trading guides to begin with, our trading blog is a good resource to begin with since we have hundreds of investment guides and detailed reviews on brokers, tools, strategies, and more. (We do not offer investment advice and guarantees).

Having said that, when it comes to education, AvaTrade is the best broker for beginners and tutorials are pretty comprehensive. Not only you will get a demo account, you will also have access to in depth articles, and lots of videos (about trading software and trading strategies).

One other advantage you get is having access to SharpTrader. It provides you with around 200 articles and trading videos, and plenty of other educational tool, which is a great broker to start for beginners.

This is the summary of AvaTrade’s Research & Education:

• Daily Market commentary: Yes
• News (Top-Tier sources): Yes – MT5 Only
• AutoChartist: Yes
• Trading Central (Recognia): Yes
• Delkos Research: No
• Acuity trading: No
• Webinars: Yes
• Video education: Yes
• Economic Calendar: Yes

What are the best alternatives to AvaTrade

What are AvaTrade Alternatives

We have selected three alternatives based on their portfolio, Apps, fees and trading platforms to compare with AvaTrade. You can compare AvaTrade vs eToro, IG, or Plus500, Markets.com

V:

Verdict, and Conclusion

Summarising expert reviews about AvaTrade
4.5/5

Is AvaTrade Service Good for Beginners?

Overall, besides being a low fee broker in 2020, AvaTrade is a safe and regulated broker, it’s also one of market leaders in Fx trading and finance industry.

When it comes to online trading, customer service plays a significant role in trader satisfaction score.
Overall, AvaTrade customer support team respond fast via email, phone calls, and live chat, but they have yet to establish a 24/7 support process (So don’t count on weekends).

They have a good quality live chat system to help in English and the good thing about it is its short time queues.

Their negative side is on not having plenty of research tools and having high inactivity fees.

AvaTrade offers low fee trading options for both CFD and Forex trading. Maybe it does not have the best online trading platform but it you can easily trade using web, Mobile and desktop.

If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading, Remember, the minimum deposit is $100.

AvaTrade Review
Deal
2 months ago

AvaTrade Review

AvaTrade is one of the best regulated low fees brokers to trade CFD & Forex. The trading platform is easy to use for beginners and professional traders.

Yes, AvaTrade is regulated in Australia and UK regulation authorities :

The Financial Conduct Authority (FCA) and Investment Commission (ASIC).

Follow these steps to learn how to open trading account on FXCM:

1. Get ready with your email address
2. Select the country of residency.
3. Provide demographic data
4. Choose your preferred online trading platform
5. Select your account type & base currency.
6. Explain your trading experience and provide employment history
7. Provide identity and residency proof for activation.

The minimum deposit is $100.

  • Offers Low Trading Fees
  • Multiple Base Currencies
  • Customisable Dashboard
  • Regulated in many countries
  • Free & Fast Withdrawal

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AvaTrade Review
AvaTrade Review