AVATRADE Status
| Regulated | Max Leverage | Platforms | Min Deposit | Funding | |
| AVATrade | ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA | 1:400 | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade | $100 | Bank Transfer, Credit/Debit Card, E-Wallets |
Regulated
・ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA
AvaTrade, a trusted and reputable trading broker, operates under stringent regulatory compliance rules set by multiple jurisdictions around the globe, offering an added level of security and peace of mind for its clientele. This rigor extends to all aspects, from client fund handling to financial reporting.
Within the European Union, AVA Trade EU Ltd comes under the regulation of the Central Bank of Ireland (CBI), while the DT Direct Investment Hub Ltd, a part of the same group, complies with the Cyprus Securities and Exchange Commission (CySEC). This particular company is also in line with the Markets in Financial Instruments Directive (MiFID), a policy that promotes efficient, transparent investment services within the EU, enhancing the protection of customer investments. Furthermore, AVA Trade EU Ltd operates a Polish branch, authorized by the Polish Financial Supervision Authority (KNF).
In the British Virgin Islands, AVA Trade Ltd is subject to the regulations imposed by the British Virgin Islands Financial Services Commission (BVI), which licenses financial services entities within its jurisdiction. Moving to Australia, Ava Capital Markets Australia Pty Ltd conforms to the rules and regulations set forth by the Australian Securities & Investments Commission (ASIC), ensuring the operations are fair and transparent.
In South Africa, Ava Capital Markets Pty operates under the South African Financial Sector Conduct Authority (FSCA), while in Japan, Ava Trade Japan K.K. is regulated by the Financial Services Agency (FSA) and the Financial Futures Association of Japan (FFAJ). For the Middle East, Ava Trade Middle East Ltd is under the regulation of the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA).
ATrade Ltd in Israel is overseen by the Israel Securities Authority (ISA). In Canada, accounts are set up and managed by Friedberg Direct, which conducts trades through a subsidiary within the AvaTrade group. Friedberg Direct is a branch of Friedberg Mercantile Group Ltd., an entity that falls under the purview of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian Exchanges.
Accounts
・Max Leverage 1:400
AvaTrade presents a simplified approach to trading accounts, providing standard retail and professional accounts with a minimum deposit requirement of just $100. Instead of commission charges, AvaTrade operates with fixed spreads starting from 0.9 pips and incorporates an overnight and inactivity fee. The beauty of this setup lies in its simplicity, where everything is accessible through one single account.
It’s essential to highlight that AvaTrade doesn’t offer zero spreads accounts because the total trading costs are already embedded in the spreads. This arrangement might not sit well with day traders who prefer zero spreads while paying a commission fee for opening and closing positions.
When juxtaposing AvaTrade’s average spreads with those of other brokers, it becomes apparent that there are no supplementary trading costs over and above the spreads. The ability to trade with fixed tight spreads starting from 0.9 pips on major forex currency pairs, coupled with the absence of commission fees, might prove economical in the long term, depending on your trading strategy.
If you are looking for an account with distinct specifications, consider exploring XM, known for its diverse range of account types.
An enticing feature of AvaTrade is that an initial deposit of $1,000+ (or its equivalent in another currency) assigns a dedicated account manager to guide you through your initial trades, enlighten you about the trading platforms, and keep you informed about market matters. This service can be incredibly beneficial if you appreciate professional guidance, though it might be less relevant if you prefer independent learning.
AvaTrade also offers Islamic accounts that adhere to Sharia law, available upon request.
For professional traders, AvaTrade provides a professional account, obtainable through application, provided the traders meet specific qualifications. If you are an EU-based trader, you need substantial trading activity in the previous 12 months, relevant experience in the financial sector, or a financial portfolio exceeding €500,000. This is a mandate enforced by stringent EU regulations.
Platforms
・MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade,ZuluTrade
AvaTrade provides various user-friendly trading platforms that cater to all types of traders. They offer free demo accounts for a risk-free trial, and you can trade multiple instruments across different platforms with just one account. The platforms, such as MetaTrader 4 and AvaTradeGO, are customizable to match your trading style and include features like analytical tools, indicators, and charts. AvaTrade also offers copy trading software like DupliTrade and ZuluTrade. Additionally, you can set price alerts, allowing you to respond to market changes without constant monitoring, and make trades conveniently from your desktop or mobile device.
MetaTrader 4
MetaTrader 4 (MT4) is a globally popular, powerful, and flexible trading platform suitable for both beginners and professional traders. It offers a wide selection of automated trading robots for users who maintain an active desktop platform. Traders often use a Virtual Private Server (VPS) for continuous operation, with providers like Blueberry Markets offering free VPS services under certain conditions. MT4’s wide availability across brokerages ensures that users’ skills are transferable if they decide to switch brokers.
MetaTrader 5
MetaTrader 5 (MT5) is an advanced trading platform that offers a wide array of upgraded features, including diverse order types, expanded technical analysis tools, and advanced auto trading systems. However, many traders still favor MetaTrader 4 (MT4) due to the extensive free resources and tutorials available online. While MT4 is suitable for straightforward forex trading, MT5 caters to traders interested in stocks and desiring more advanced tools.
AvaTradeGO
The AvaTradeGO app offers an intuitive and convenient mobile trading platform. It features a user-friendly dashboard, advanced trading features, multi-account management, real-time global market access, and an exclusive feature called Market Trends. The app supports trading of over 1250 instruments. While the app provides a seamless trading experience, it might lack some advanced tools found in desktop platforms like MetaTrader 5 and cTrader.
AvaOptions
AvaOptions is a versatile platform for trading options, providing users with tools to manage risk, simulate portfolios, and implement various strategies. It supports more than 40 forex options and allows for the crafting of an optimal portfolio. This platform offers enhanced control over trade entry and exit points, improved pricing efficiency, and efficient money management features. Notably, AvaTrade, like Plus500 and Saxo Bank, offers both CFD and options trading.
AvaSocial
The AvaSocial app provides a platform for learning from trading experts, enabling connections with peers, and automating trading processes. It is suitable for both novice and experienced traders, allowing users to follow and replicate other traders’ actions, ask questions, and discover new strategies. While social trading can be a time-saving solution, finding a trustworthy trader to copy signals from may require trial and error. Other services, such as Pepperstone, also offer social trading, making them competitive in the industry.
DupliTrade
DupliTrade is a user-friendly platform that syncs with MT4, facilitating real-time replication of trading strategies, tailored to individual risk preferences and trading styles. It simplifies portfolio management and offers valuable insights into various trading strategies.
ZuluTrade
ZuluTrade, a prominent social trading platform, allows users to view and auto-copy trading signals from various traders directly into their AvaTrade account. The platform enables filtering and selecting trading strategies based on individual risk and trading needs. ZuluTrade also offers integration with Vantage for additional options.
Funding
・Bank Transfer,
・Credit/Debit Card,
・E-Wallets
AvaTrade provides various easy and secure options for deposits and withdrawals, including bank transfer, credit/debit cards, and e-Wallets. The firm prides itself on quick and secure transactions and doesn’t charge for these services, though the payment service provider might. As a regulated broker, AvaTrade adheres to strict regulations, adding a layer of security and peace of mind for traders. Instant credit is typically provided for credit card deposits. AvaTrade also accepts third-party deposits but requires extra verification. Accounts can be opened in USD, GBP, EUR, and JPY, which is convenient and avoids currency conversion fees. However, despite facilitating cryptocurrency trading, AvaTrade does not handle transactions in cryptocurrencies, potentially disadvantageous for some traders.
Summary
AvaTrade impresses me greatly with their stringent multi-jurisdictional regulations, providing client protection and peace of mind. Their trading platforms are user-friendly and cater to various trader types, offering an enjoyable trading experience with competitive spreads, minimal commission fees, and quick trade executions. They also offer an extensive range of trading instruments across multiple asset classes.
Additionally, they provide a wealth of trading tools and educational resources for free. Their customer support team, recognized for their excellence, promptly and courteously addresses any trading issues.
In my view, AvaTrade ranks among the top online brokers. My personal experience with them has been positive, from account funding and customer support to the overall trading experience. Their service, combined with comprehensive knowledge of the financial markets, empowers traders to confidently navigate the markets.
