AVATrade Review

AVATrade Review

Company Information

AvaTrade is an online forex and CFD broker, offering markets in forex, commodities, equities, ETF’s, bonds, Stock indices and bitcoin that can be traded through its Online Trading platforms and mobile apps.

Ava Trade EU Ltd, trading as AvaTrade, is regulated by the Central Bank of Ireland.

 

Spreads and Leverage


Leverage up to 1:200 for Forex through AvaTrader platform and 1:400 through MetaTrader platform.

 

Spreads are as below (in pips, under normal market conditions)

AUD/CAD 8
AUD/CHF 8
AUD/JPY 5
AUD/NZD 12
AUD/USD 4
CAD/CHF 8
CAD/JPY 6
CHF/HUF 75
CHF/JPY 5
EUR/AUD 4
EUR/CAD 9
EUR/CHF 4
EUR/DKK 30
EUR/GBP 3
EUR/HUF 75
EUR/JPY 4
EUR/NOK 40
EUR/NZD 12
EUR/PLN 50
EUR/SEK 50
EUR/TRY 20
EUR/USD 3
EUR/ZAR 250
GBP/AUD 10
GBP/CAD 9
GBP/CHF 7
GBP/HUF 85
GBP/JPY 7
GBP/NZD 15
GBP/SEK 50
GBP/SGD 25
GBP/USD 4
NZD/CAD 8
NZD/CHF 8
NZD/JPY 7
NZD/USD 5
USD/CAD 4
USD/CHF 4
USD/DKK 20
USD/HUF 75
USD/JPY 3
USD/MXN 100
USD/NOK 50
USD/PLN 45
USD/SEK 50
USD/SGD 8
USD/TRY 20
USD/ZAR 120
NOK/JPY 30
ZAR/JPY 40
PLN/JPY 70
SEK/JPY 30
TRY/JPY 10

 

Promotions and Bonuses




Join AvaTrade and claim first time deposit bonus as per below

Deposit $200  for $40 bonus

Deposit $500  for $100 bonus

Deposit  $1,000 for $200 bonus

Deposit  $2,500 for $500 bonus

Deposit $5,000  for $1,000 bonus

Deposit $7,500  for $1,500 bonus

Deposit $10,000 for $2,000 bonus

Deposit $50,000 for $10,000 bonus

 

Customer Services

Available via phone, email, Live Chat and social networks 24/5 from Sunday 9pm (UK) to Friday 9pm

Instruments Traded

 

AvaTrade offers Forex, CFD Trading, Stocks, Commodities (Gold, Metals, Oil, Energies and Agriculture), ETF Trading, Treasuries, Indices, Bitcoin and Litcoin

 

They provide + 50 Forex pairs, including all the major currency pairs, minors and exotics.

200+ instruments including commodities, indices, stocks etc

 

Trading Platforms

 

  • AvaTrader (ACT) is AvaTrade’s customizable proprietary trading platform available online and on mobile. Demo account is available
  • MetaTrader 4 (MT4), the industry standard platform, is available via desktop or mobile
    • Meta Trader 4 Floating Spread Account – utilising the MT4 platform while benefiting from lower spreads obtained from interbank market
  • AvaTrade also offers automated trading platforms through ZuluTrade, Mirror Trader, Signal Trader, MQL5 Signals among others
  • MacTrading platform provides tailored Mac Versions of MT4 and ACT
  • AvaOptions is AvaTrade’s Forex Options specific platform that allows you to trade options alongside your spot trading.

 

Currency

You can open accounts in EUR, GBP, AUD or USD base currencies (availability depending on Country of Residence)

 

Education


AvaTrade provide a suite of education for beginners and experienced traders alike

  • Trading for Beginners – introduction to online trading
  • Economic indicators – how and which economic events can impact prices
  • Webinars – these are free and given by trading experts
  • Video – Tutorials for beginners through to experts on wide range of trading related topics
  • Forex eBook – Forex trading strategies in form of eBook
  • Glossary – Definition of trading terms. Available online

 

Tools and Resources

  • Market Analysis – Latest market analysis
  • Fundamental Analysis – Economic factors that impact instruments traded
  • Autochartist – Automated technical analysis
  • Economic Calendar – Upcoming economic events, with Forecast, Previous and Actual outcomes

 

Deposit and Withdrawals

Funds can be deposited by Credit/Debit Card, Wire Transfer, Moneybookers, Neteller, Paypal, Web Money, Western Union

Minimum deposit amounts are as follows (depends on base currency of your account):

Credit / Debit card

  • USD account – USD $100
  • EUR account – €100
  • GBP** account – £100
  • AUD** account – AUD $100

Wire Transfer

  • USD account – USD $500
  • EUR account – €500
  • GBP** account – £500
  • AUD** account – AUD $500

Deposits by debit or credit card should be credited instantly. E-Payments can take up to 24 hours and Wire Transfers can take several days.

To Withdraw funds, a signed withdrawal form needs to be submitted online via either email or website uploaded. Withdrawals take up to 5 business days