AvaTrade

AvaTrade Information

Established in 2006, AvaTrade is a regulatedbrokerage company registered in Dublin, Ireland. This firm provides a swath of investment options with its advanced trading platforms (AvaTradeGO, MT4, MT5, etc). AvaTrade offers one standard live trading account and a demo account.

However, Avatrade's minimum deposit requirements are relatively high compared to some other brokers.

Pros and Cons

Is AvaTrade Legit?

AvaTrade is a trusted brokerage, with oversight from multiple reputable regulatory bodies. These include ASIC, CBI, FSA, FSCA, ADGM, KNF, FFAJ.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	AVA CAPITAL MARKETS AUSTRALIA PTY LTD	Market Making(MM)	406684
	FSA	Ava Trade Japan K.K	Retail Forex License	関東財務局長（金商）第1662号
	FFAJ	AVA TRADE JAPAN K.K.	Retail Forex License	1574
	ADGM	Ava Trade Middle East Limited	Market Making(MM)	190018
	CBI	AVA Trade EU Limited	Retail Forex License	C53877
	FSCA	AVA CAPITAL MARKETS (PTY) LTD	Retail Forex License	45984
	KNF	AVA Trade EU Limited	Straight Through Processing(STP)	693023

What Can I Trade on AvaTrade?

Online brokerages can offer an easy way to start building a portfolio. But they aren't all the same. AvaTrade gives you plenty of opportunitiesfor investing. You can invest in:

• Forex: more than 50 currency pairs, including major, minor, and exotic pairs
• Stocks: such as NASDAQ, NYSE, LSE, and more
• Commodities: precious metals like gold and silver, energy commodities like oil and gas, and agricultural commodities like wheat and coffee
• Cryptocurrencies: such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as lesser-known coins like Dash, Monero, and NEO
• Indices: S&P 500, NASDAQ, FTSE 100, and more.
• ETFs: a wide selection of most traded ETFs in the markets
• Bonds: U.S., European, and Asian government bonds

A couple of things you won't see here are futures and mutual funds. AvaTrade doesn't offer either one.

Account Types

AvaTrade offers one live trading account for retail and professional investors. This means that all customers will have access to the same features and trading conditions.

The minimum deposit requirement is $100. Some other brokers have a lower minimum deposit requirement than Avatrade. For instance, Pepperstone and XM have a minimum deposit requirement of $0 and $5, respectively.

A demo account is also available with this brokerage.

AvaTrade Fees

Avatrade offers competitive spreads with no commission fees. The spreads offered by Avatrade change with the trading instrument. For example, the spread for EUR/USD is 1.3 pips, while GBP/USD is 2.0 pips.

Avatrade's non-trading fees are reasonable compared to other brokers in the industry. Here's a breakdown of the fees:

Trading Platform

Speaking of trading platforms, multiple choices are available with AvaTrade. You can apply most of them on multiple devices, including Windows, MAC, Android, and IOS. You can check it out as follows:

Deposit and Withdrawal

Deposit options include bank wire transfer, credit/debit card, Neteller, Skrill, WebMoney, and others. The processing time for deposits is different based on the method.

Withdrawal options are similar to deposit. Withdrawals usually take 1-2 business days to process. Avatrade does not charge deposit or withdrawal fees, but clients may incur fees from their payment provider or bank.

Deposit Options

Withdrawal Options

Customer Support Options

If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to AvaTrade's customer support. You have multiple choices, including email (Chinainfo@avatrade.com), phone (+1 212-941-9609), WhatsApp, social media channels (Facebook, YouTube, Twitter, etc), and a message box on its website.

The Bottom Line

While there are plenty of online brokerages out there, some may fit your needs better than others. AvaTrade makes it easier to build a diversified portfolio. Its various trading platforms are also appealing to some investors. However, the biggest drawback is its minimum deposit requirement is higher compared to some other brokerages. As you compare online brokerages, keep cost and the range of investment choices firmly in mind.

FAQs

Is AvaTrade a regulated brokerage?

No, AvaTrade is regulated by a couple of reputable financial authorities, including ASIC, CBI, FSA, FSCA, ADGM, KNF, and FFAJ.

What account types does AvaTrade offer?

AvaTrade offers one live trading account and a demo account.

Does AvaTrade offer leveraged trading?Yes, AvaTrade provides a leverage option, which is up to 1:400.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.