Overall Summary
| Feature | AvaTrade |
| Overall | |
| Trust Score | 93 |
| Offering of Investments | 4 Stars |
| Commissions & Fees | 4.5 Stars |
| Platforms & Tools | 4 Stars |
| Research | 3.5 Stars |
| Mobile Trading Apps | 4.5 Stars |
| Education | 4.5 Stars |
Is AvaTrade safe?
AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. AvaTrade is not publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI) – Ireland , and the Japanese Financial Services Authority (JFSA).
Regulations Comparison
| Feature | AvaTrade |
| Year Founded | 2006 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 4 |
| Tier-3 Licenses | 1 |
| Trust Score | 93 |
Offering of investments
The range of markets available at AvaTrade will depend on which trading platform you choose, and which of the brand’s global entities holds your account. AvaTrade offers 1,260 symbols in MT5 and nearly the same number in WebTrader, though a few hundred of those symbols have been put on hold.
The following table summarizes the different investment products available to AvaTrade clients.
Cryptocurrency: Cryptocurrency trading is available at AvaTrade through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.
AvaTrade offering of investments:
| Feature | AvaTrade |
|---|---|
| Forex Trading | Yes |
| CFD Trading | Yes |
| Tradeable Symbols (Total) | 1260 |
| Forex Pairs (Total) | 55 |
| US Stock Trading (Non CFD) | No |
| Int’l Stock Trading (Non CFD) | No |
| Social Trading / Copy-Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (CFD) | Yes |
| Crypto Disclaimer (UK) | Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents (except to Professional clients). |
Commissions and fees
AvaTrade’s spreads are close to the industry average at just under one pip (0.9 pips), yet are slightly higher than the spreads available on the entry-level accounts offered by CMC Markets and Tickmill.
Professional traders: If you qualify as an elected professional trader, spreads on AvaTrade’s Professional account are competitive at 0.6 pips and comparable to FP Markets.
AvaTrade pricing summary:
| Feature | AvaTrade |
| Minimum Deposit | $100.00 |
| Average Spread EUR/USD – Standard | 0.91 (August 2020) |
| All-in Cost EUR/USD – Active | 0.61 (August 2020) |
| Active Trader or VIP Discounts | Yes |
| Execution: Agency Broker | No |
| Execution: Market Maker | Yes |
Mobile trading apps
AvaTrade’s proprietary apps provide a mobile experience that will satisfy most traders (including beginners), though they aren’t quite as advanced as the mobile apps provided by category leaders such as Saxo Bank, CMC Markets or TD Ameritrade (U.S. residents only). That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps.
Apps overview: AvaTrade provides its own proprietary mobile platforms, AvaTradeGO and AvaOptions, as well as the full MetaTrader suite (MT4 and MT5) for Android and iOS devices.
Ease of use: The AvaTradeGo app closely resembles its web counterpart, and features a robust default set of syncing watchlists as well as a volatility protection feature called AvaProtect. AvaProtect allows a trader to reduce the risk on an open trade by partially hedging their position with a forex option – for an added cost.
Charting: Charts in the AvaTradeGo app come with 93 indicators – though I found that it took multiple steps to access them. However, there are no drawing tools and only three selectable chart types. Trading Central provides integrated research and related tools, mirroring what’s available within the web platform. Overall, mobile charts at AvaTrade are good, but have room to improve.
AvaOptions: The AvaOptions app is well-designed, and takes a unique approach to displaying option-chain data. AvaTrade overlays strike prices onto a chart, allowing traders to change the strike price simply by dragging it higher or lower – a feature I found to be incredibly helpful. There are also 14 default options-trading strategies available, and selecting an option plan will automatically populate the order ticket with the related options contracts. One notable annoyance: the entire app experience was displayed in landscape mode, forcing me to hold my phone like a gaming controller.
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AvaTrade mobile trading:
| Feature | AvaTrade |
| Android App | Yes |
| Apple iOS App | Yes |
| Alerts – Basic Fields | Yes |
| Watch List | Yes |
| Watch List Syncing | Yes |
| Charting – Indicators / Studies | 30 |
| Charting – Draw Trendlines | Yes |
| Charting – Trendlines Moveable | Yes |
| Charting – Multiple Time Frames | Yes |
| Charting – Drawings Autosave | No |
| Forex Calendar | Yes |
Other trading platforms
Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2022.
Platforms overview: AvaTrade offers two proprietary platforms (AvaTrade WebTrader and AvaOptions), the full MetaTrader suite, ZuluTrade, and DupliTrade (accessible via WebTrader).
Charting: Charts on AvaTrade’s WebTrader platform come with 90 indicators, 13 drawing tools, 10 ten time frames, and three chart types. That said, WebTrader still has a ways to go if it wants to compete with the depth and rich quality of features found on proprietary platforms from industry leaders such as IG, Saxo Bank, and CMC Markets. For example, I discovered a platform bug that caused chart data to appear compressed. As a result, I constantly found myself having to constantly zoom out by dragging up or down to decompress the prices.
Trading tools: I found AvaTrade’s proprietary WebTrader platform to have a well-designed responsive layout. AvaTrade won our award for #1 Innovation in 2021, due to the speed of its evolution as a new platform. I was also pleased to find a suite of trading tools from Trading Central directly integrated within the platform. Though alerts are only found in the mobile version, the AvaProtect feature is included in both platforms.
Copy trading: AvaTrade’s steady progress in expanding and enhancing its copy trading offering has helped it compete with industry leaders such as eToro and Pepperstone. AvaTrade offers ZuluTrade, DupliTrade, and the native Signals market in MetaTrader. In addition, AvaTrade launched AvaSocial in the U.K., as part of its partnership with Pelican Exchange.
AvaOptions: For options traders that deposit at least $1,000, AvaTrade provides AvaOptions – its forex options platform for desktop and mobile. The desktop version is for Windows only, and requires that users install Microsoft’s .NET Framework 3.5 SP1. As a seasoned trader, even I found the platform layout to be complex. Clearly suited for professionals, the platform needs a design overhaul.
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AvaTrade trading platform:
| Feature | AvaTrade |
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy-Trading | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| cTrader | No |
| DupliTrade | Yes |
| ZuluTrade | Yes |
| Charting – Indicators / Studies (Total) | 51 |
| Charting – Drawing Tools (Total) | 31 |
| Charting – Trade From Chart | Yes |
| Watchlists – Total Fields | 7 |
| Order Type – Market | Yes |
Research
AvaTrade produces daily in-house research content in video and article format, and grants access to Trading Central research modules. While AvaTrade has made improvements in this category, its research offering can’t stack up against what the best forex brokers offer.
Research overview: Beyond AvaTrade’s support for ZuluTrade, AvaSocial, and DupliTrade for copy trading, the main highlight from AvaTrade’s research offering is Trading Central. Trading Central is directly integrated within the AvaTrade web platform and includes a variety of TC-powered features, such as its Market Buzz, Analyst Views, and Featured Ideas tools, as well as an economic calendar and streaming news (available in MT5).
Market news and analysis: AvaTrade provides daily market analysis articles on its blog, along with daily market video updates published to its Vimeo and YouTube channels.
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AvaTrade research:
| Feature | AvaTrade |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | No |
| Trading Central (Recognia) | Yes |
| Delkos Research | No |
| Social Sentiment – Currency Pairs | Yes |
| Economic Calendar | Yes |
Education
AvaTrade provides a rich array of educational content from its in-house staff and its SharpTrader brand, as well as from third-party providers such as Trading Central. AvaTrade finished Best in Class in our 2022 review, taking second place for Education.
Learning center: AvaTrade’s website features 103 comprehensive articles that cover beginner and advanced topics. As part of its SharpTrader offering, AvaTrade provides in-depth courses that are organized by experience level. These courses include both video and written content, and feature progress tracking and integrated quizzes.
AvaTrade’s 48 educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channel, which help to round out its offering.
Room for improvement: Platform tutorials notwithstanding, the WebTrader and AvaTraderGo web and mobile platforms would benefit from an expansion of integrated video content.
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AvaTrade education:
| Feature | AvaTrade |
| Has Education – Forex or CFDs | Yes |
| Client Webinars | Yes |
| Client Webinars (Archived) | Yes |
| Videos – Beginner Trading Videos | Yes |
| Videos – Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Final thoughts
AvaTrade stands out for its rich selection of trading platform options, and for its educational content for beginners – categories where it finished Best in Class. Its range of tradeable markets has nearly doubled year-over-year, and spreads for clients designated as Professional traders in the EU are quite competitive.
About AvaTrade
Founded in 2006, AvaTrade has offices in 11 countries and provides multiple trading platforms for web, desktop, and mobile devices, offering spot forex and forex options and CFDs on numerous asset classes, including cryptocurrencies. AvaTrade has 300,000 registered traders who place more than 3 million trades each month and has executed more than $1.47 trillion in traded value since inception.
AvaTrade holds regulatory licenses in multiple financial hubs across the globe. AvaTrade’s headquarters is in Ireland, where its regulator is the Central Bank of Ireland and is a member of the Investor Compensation Company DAC (ICCL), which provides eligible clients up to EUR 20,000 of maximum reimbursement in the extraordinary event of their broker’s insolvency. While not directly regulated in Canada, AvaTrade caters to clients in the country through its partnership with Friedberg Direct, which required regulatory approval.
How long do AvaTrade withdrawals take?
Withdrawals at AvaTrade take one to two business days, which is comparable to nearly every forex broker. The withdrawal time can also vary depending on your chosen withdrawal method. It’s important that your account is up to date; even though you may have been verified upon opening your account, your broker may ask you to provide an updated proof of ID and proof of address to process your request if considerable time has passed.
What is the minimum deposit at AvaTrade?
The minimum deposit at AvaTrade is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card. That said, AvaTrade recommends you start with one to two thousand of your preferred base currency, with the EUR, GBP, AUD all supported as available options, for traders looking for the full experience across its products.
Is my money safe in AvaTrade?
Yes, your money is as safe with AvaTrade as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds. AvaTrade is trusted by over 300,000 customers with millions of dollars in deposits. There is always counterparty risk, which is why you should only choose brokers that are well-capitalized, in addition to being highly regulated.
The Central Bank of Ireland is one of AvaTrade’s many regulators, and AvaTrade segregates all client money from its own business funds. AvaTrade is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity.