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AvaTrade Review » Best Low Fee Broker

AvaTrade is one of the best Low Fees brokers for forex trading, CFD trading, and trading crypto against fiat currencies.
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AvaTrade Review

A complete AvaTrade review
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Why Trade with AvaTrade?

3 reasons why trading with AvaTrade is a good choice

Since the Covid pandemic, we see more and more people looking for extra income and go for trading. If you are one of them, make sure you will open your account with a regulated trading platform like AvaTrade.

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

This year, we have excluded 1318 scam platforms and only shortlisted the regulated brokers here. Now let’s get you started with your interesting trading journey and help you open an account with AvaTrade and make your first trade.

How to Start Trading with AvaTrade Platform?

3 reasons why trading with AvaTrade is a good choice

Tip for Newbies: Decide what type of account is best for you.

To begin trading with AvaTrade, you need to decide what types of accounts you should open. Good news is that opening an account with AvaTrade takes just about a minute. Once your account is approved, You can begin trading Forex, CFD, or even get busy buying and selling bitcoin or any other cryptocurrency that you like.

How to open a “Demo Trading Account”?

For beginners, I suggest opening a demo account on AvaTrade, which is great for practicing. Once you feel confident, you can upgrade to the real trading account, which allows you to trade in the real financial market

How to open a “Real Trading Account”?

Once you’ve upgraded your account to a real trading account and got it approved, you can begin trading. If you wish to work with real money, the best option is to open a real trading account on AvaTrade and deposit $100 to get started.

Is AvaTrade Regulated?

AvaTrade charges low fees and zero commissions

In this AvaTrade review, we also look at the portfolio of the broker. AvaTrade platform offers CFDs, Foreign currency exchange platforms & Crypto trading opportunities to all traders. Like many other AvaTrade alternatives, you can use this online trading platform in all three forms of web trading, mobile apps trading, and desktop trading platform. You have access to charting features with decent customization capability.

Not only the brokerage company is safe to trade with. AvaTrade is fully regulated in the majority of jurisdictions, including:

  • (ASIC) in Australia, also known as the 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 (FFAJ) Financial Futures Association of Japan.
  • The Central bank of Ireland and BVI from the British Virgin Islands

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

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

How much is AvaTrade Fees?

AvaTrade charges zero Commissions, Tight Spreads

If you want to know whether AvaTrade is a good broker for online 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 the spreads.

  • ✓ For S&P 500 CFD, the fee is 0.5 average spread, which is considered below average.
  • ✓ For Europe 50 CFD, the fee is one pip average spread cost, which is considered low.
  • ✕ For EURUSD, the fee is 0.9 pips average spread.
  • There will be a $50/m inactivity fee if you leave the account dormant for at least a quarter.

Let’s deep dive and have a look at AvaTrade’s fees for forex and CFD trading. We will also compare AvaTrade and two alternative brokers to show you their fees in the tables below.

This comparison scenario runs this way: A typical trade here means buying a leveraged position, holding it for seven days, and selling only after that period. (Let’s consider this scenario for illustrative purpose as prices may always change in the real market)

* 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

What is Best No Commission Trading Platform?

Compare AvaTrade Alternatives: 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

You can't use multiple times the same shortcode.

You can't use multiple times the same shortcode.

“Illustrative prices.”

As you can see in the table above, we reviewed three Low Fee Broker in 2021 and compared AvaTrade fees with the other top brokers. You can review them by clicking here: XM review and Plus500 Review.

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

Trading fees are straightforward to understand. Those fees only apply when you trade CFDs or 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 the forms of:

(‘Plus500 does not offer hedging orders’)

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 five base currencies: USD, EUR, CHF, AUD*, GBP**

• AUD currency is for AvaTrade Australia Clients*

• GBP Pound is only for clients from the UK.**

Does AvaTrade offer Trading Bonus?

AvaTrade offers 20% welcome bonus to new traders. Make sure to use them when you open your real account

To start stock trading forex, AvaTrade charges you no fee for the initial deposit. You ought to remember that to deposit money, you have to use funding sources in your 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.

If you decide to open your real trading account, you might have a chance to enjoy AvaTrade’s 20% trading bonus. In these cases, there are always terms and conditions that apply to withdrawing your cash. The minimum requirement to withdraw commission from AvaTrade is this: “To withdraw your bonus, you are required to execute a minimum trading volume of 10,000 in the account’s base currency, for every $1 bonus within six months.”

What is AvaTrade Trading Platform?

Is AvaTrade’s Trading Apps easy to use? Yes AvaOption is one of the best trading apps for beginners.

As one of the best commission-free brokers, AvaTrade offers easy-to-use trading platforms for beginners and experienced traders. They use MetaTrader as the main trading engine. MetaTrader4 broker & MetaTrader 5 enables you to customize your reports and charts fully.

You can trade on all three trading platforms:

The Web Trader technology powers Avatrade’s web trading platform, and it is available whenever you have a soli internet connection. Desktop trading is available for windows and Mac users too.

Finally, AvaTrade’s mobile trading App, 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. The UI & UX of the AvaTrade platform is unique and user-friendly.

At a glance, it looks like this:

avatrade dashboard new

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.

How to deposit fund to AvaTrade?

What payment methods AvaTrade offer to deposit fund and withdraw earning?

By the way AvaTrade is one of the very limited 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 (AvaTrade 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

What Accounts Type AvaTrade offers?

Does AvaTrade offers Islamic Account?
Can I Open Corporate Account with AvaTrade?

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

For beginners, I suggest using this link to open a Demo account on AvaTrade, which is great for practicing. If you know your business and are a professional trader, open a real trading account on AvaTrade and deposit $100 to get started.

Is AvaTrade suitable for Beginners?​​

  • 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 prove that you had to 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 one day; It’s super easy to place an order, and you will be guided throughout the process.

As for the 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, 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

How to buy Cryptocurrency with Fiat  currency?

What can you trade with AvaTrade? You can Trade Crypto, Forex, CFD, and shares with AvaTrade

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
  • Bitcoin.
  • Bitcoin Cash.
  • Bitcoin Gold.
  • Litecoin.
  • Ethereum.
  • Ripple.
  • EOS.
  • 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 contracts for difference (this applies to CFD traders). Let me give you an example. The leveraged buy positions and all sell positions of stocksETFs, cryptocurrency, and foreign currenciescommodities, and indices positions.

(Be aware of the risks of price movements / we have no info at this moment about fiat currencies)

Manually Changing the leverage is a very useful feature 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.

Is AvaTrade Fees High in the UK?

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 paying 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 quite easy, and you can see clear profit/loss or commissions paid reports.


As for education, if you are looking for many trading guides, to begin with, our
trading blog is a good resource 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 will you get a demo account, but 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, trading videos, and plenty of other educational tools, 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 eToroIG, or Plus500Markets.com

Conclusion of AvaTrade Review

Expert reviews of AvaTrade:
4.5/5

Is AvaTrade Service Good for Beginners?

Overall, besides being a low fee broker in 2022, AvaTrade is a safe and regulated broker; it’s also one of the market leaders in the Fx trading and finance industry. Forex trading with AvaTrade is very cheap.

When it comes to online trading, customer service plays a significant role in trader satisfaction scores. Overall, the AvaTrade customer support team responds fast via email, phone calls, and live chat, but they have not established a 24/7 support process (Don’t count on weekends).

Since AvaTrade allows trading cryptocurrencies against fiat currencies, It’s one of the best crypto brokers to buy bitcoin.

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 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 you can easily trade using the web, Mobile, and desktop.

If you are ready to trade, 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.

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

AvaTrade Vs FXCM
AvaTrade Vs XM
AvaTrade Vs FXTM
AvaTrade Vs eToro
AvaTrade Vs Fusion Markets
AvaTrade Vs IG Markets

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