Recommended for
- forex trading 3.9/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
711
people
chose this broker in the last 6 months
BrokerChooser Score
4.3/5
AvaTrade review summary
AvaTrade is a global forex and CFD broker. Account opening is easy and fully digital. AvaTrade offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools. On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. BrokerChooser gave AvaTrade a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
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AvaTrades pros and cons
Pros
Cons
- Easy and fast account opening
- Free deposit and withdrawal options
- Great research tools
- Only CFDs, forex, and cryptos offered
- High inactivity fees
- Average forex fees
AvaTrades main highlights
🗺️ Country of regulation
Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel
💰 Trading fees class
Low
💰 Inactivity fee charged
Yes
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$100
🕖 Time to open an account
1 day
💳 Deposit with bank card
Available
👛 Depositing with electronic wallet
Available
💱 Number of base currencies supported
6
🎮 Demo account provided
Yes
🛍️ Products offered
Forex, CFD, Crypto
Fees
AvaTrade has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high.
Account opening
Account opening at Avatrades is seamless and fully digital, taking just a few minutes to complete and verified within one business day.
Deposit and withdrawal
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days.
Web trading platform
AvaTrade’s web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
Mobile trading platform
AvaTradeGo is a modern, easy-to-use app with a decent set of features, including the AvaProtect insurance scheme. However, order types are limited and the app comes only in English.
Desktop trading platform
In design and function, AvaTrade’s MetaTrader 4 desktop platform is almost the same as the MT4 web platform. A big difference is that you can set price alerts on the desktop platform.
Markets and products
AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn’t offer other popular asset classes such as real stocks.
Research
AvaTrade has user-friendly research tools, from trading ideas to a nice news feed. The only thing we missed was fundamental data on stocks.
Customer service
Avatrades offers several customer service channels. We found the live chat to be fast and relevant, and emails are also answered within a day. We missed however 24/7 availability.
Education
AvaTrade is packed with lots of quality materials to educate yourself, and also offers a demo account.
Safety
AvaTrade is overseen by a number of regulators. It’s a well-established brand but is not listed on any exchange, does not disclose financial information and does not have a bank parent.