AvaTrade Review in 2020

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AvaTrade review


AvaTrade Review in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


AvaTrade review AvaTrade Review:
The best Low Fee FX & CFD broker in 2020


AvaTrade started offering trading service since 2006 and eversince branded AvaTrade as a well known international trusted online broker with focus on FX Forex and CFD brokerage services.
AvaTrade is well regulated in 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, AvaTrade maintains a safe reputation as a safe broker since it is regulated by top-tier financial authorities
    The portfolio of products and services that AvaTrade offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated AvaTrade as an option for:

  • Decent broker for crypto
  • Among the Best forex brokers
  • Best CFD broker
  • You can also find other options and review the best forex brokers or glance through our list of best CFD brokers that our editorial team has reviewed this month, alongside other online brokers.

    AvaTrade Pros and Cons

    To put is simply, AvaTrade offers CFD FX and Crypto, and you can use their online trading platform in all 3 forms of web, mobile and desktop (the platform is not as as strong as other competitors like IG, and eToro). on the other hand, it offers charting features with decent customization capability.

    A good side of the fact is thet its trading fees are low and there is no extra fee for withdrawal.

    If you wish to see other options, you can easily compare AvaTrade alternative or keep on reading.



    best cfd broker
    Best broker for (Low Trading Fee)
    Crypto, FX Forex, CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $100

    Withdrawal Fees:

    Free

    Investor Protection:

    Only €20,000 in EU

    Regulated:

    YES, Ireland, Japan, South Africa, Australia, British Virgin Island

    Customer Support:

    Live Chat, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Crypto, Forex

    Expert rating:

    Online Trading Platform: Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    3.95 / 5

    Deposit & Withdrawal Type:

    Zero fee on: Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    AvaTrade Pros and Cons

    To put is simply, AvaTrade offers CFD FX and Crypto, and you can use their online trading platform in all 3 forms of web, mobile and desktop (the platform is not as as strong as other competitors like IG, and eToro). on the other hand, it offers charting features with decent customization capability.

    A good side of the fact is thet its trading fees are low and there is no extra fee for withdrawal.

    If you wish to see other options, you can easily compare AvaTrade alternative or keep on reading.


    How much is AvaTrade Fees

    There are Pros and Cons here too.
    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.


    Some other positive points are:


    best cfd broker
    Pros

    Low Trading fee and free withdrawal

    Multiple base currencies

    Customizable Charts

    Regulated in many countries


    best cfd broker
    Cons

    Investment protection is only available i EU

    There is administrative and inactivity fees

    Web trading platform is not user friendly




    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked AvaTrade fees (in the table in 3 different categories: from low, average to high) compare to 2 other similar competitors and brokers: XM and Plus500.
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    AvaTrade

    Online broker for CFD, Forex, Crypto (Low Trading Fee)


    3.95

    Minimum Deposit

    $100

    Trade Now

    AvaTrade Trading fees

    AvaTrade, which is primarily known as a FX & CFD broker offers low rate trading offers. You can not set the leverage to one trade other real stocks and ETFs.
    Let's deep dive and have a look at AvaTrade's fees for only forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade, it means buying a leveraged position, 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 this scenarios is:
    • 20:1 stock index CFDs • 5:1 CFD • 30:1 forex

    Here is the tabular view of AvaTrade's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    AvaTrade

    XM

    Plus500

    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


    Forex Scenario

    Benchmark Fee

    AvaTrade

    XM

    Plus500

    EURUSD

    $19.2

    $17.1

    $17.9

    GBPUSD

    $15.7

    $13.8

    $14

    AUDUSD

    $12

    $13.9

    $12.6

    EURCHF

    $8.5

    $9.1

    $9.0

    EURGBP

    $14

    $12.2

    $12.6


    One good thing about AvaTrade is that it operates in majority of countries with the minimum deposit of $100.
    At AvaTrade, you can choose from these base currencies: USD, EUR, CHF

    • AUD currency is fr Aussies and Australian Clients
    • British Pound is only for clients from the UK.
    To start trading AvaTrade does not charge any deposit fees, but 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, they offers a demo account to practice.


    AvaTrade's Online Trading Platform

    Even though it offers all 3 trading platforms(Web platform, Desktop and Mobile Apps), the UI and user-friendliness (in terms of design) is not that modern. ON the contrary, since they use MetaTrader, it enables you to fully customize your reports and use it in different languages.
    The UI & UX of AvaTrade trading platform is unique and neat.
    At a glance it looks like this:


    You should not be worried if English is not your strength, because AvaTrade trading platform is powered by: MetaTrader 4, MetaTrader 5, AvaOptions, and WebTrader and it supports the following languages: Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French German Greek Hebrew Hindi Hungarian Indonesian Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    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 week ends).
    This brokerage have a live chat and offer help in English and the good thing about it is short time queues.

    AvaTrade

    Online broker for CFD, Forex, Crypto (Low Trading Fee)


    3.95

    Minimum Deposit

    $100

    Trade CFD Now

    What can you trade on AvaTrade

    Products, Portfolio and Markets

    The options that are available to you at AvaTrade are:

  • Stock CFD
  • Forex CFD
  • CFD / FX
  • When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: If you try AvaTrader alternatives, it's necessary to know that Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex FX and CFD trading default leverages are high, don't gamble.



    best forex broker Trade CFD Now Tip: You can not change the default leverage level of the products.

    Currency pairs:

    56

    Stock index CFDs:

    20

    Stock CFDs:

    630

    ETF CFDs:

    5

    Commodity CFDs:

    17

    Bond CFDs:

    2

    Future CFDs:

    --

    Cryptos:

    17



    How to open account on AvaTrade.


    At first let's have a look at the 3 types of accounts that are available at AvaTrade.

  • Like 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 3rd type is for muslims interested in trading and it is called Islamic account which doesn't charge swaps for your account.


  • Tip: you can open a Professional Trading account by (request) only if you 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. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demo account.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with AvaTrade.

    Avatrade account

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on AvaTrade platforms (Except Web platform)
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
    Please bear in mind that no trading ideas and fundamental data is offered by AvaTrade.
    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in AvaTrade, It's kinda easy and you can see a clear profit/loss or commissions paid reports.


    Finally, Research & Education

    Alright, if you are looking a lot of materials to begin with, our blog at top 10 best is a good resource to begin with since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    Research part of AvaTrade is not that great and it doe not offer news feeds, but when it comes to education it's pretty comprehensive. Not only you will get a demo account, you will also have access to in depth articles, and lots of videos (about platform and trading)

    One advantage you get is having access to SharpTrader. it provides you with around 200 articles and vides, plenty of educational tool.

    Our Take


    Overall AvaTrade is considered to be a safe, and regulated(in most markets). Their negative side is on not having plenty of research tools and having high inactivity fees. On the contrary, it 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 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

    Online broker for CFD, Forex, Crypto (Low Trading Fee)


    3.95

    Minimum Deposit

    $100

    Start Trading