AvaTrade Review

AvaTrade Review

AvaTrade is a regulated broker based in Dublin, Ireland. It was founded in 2006 and has a variety of trading instruments. Those who like high-tech and automated trading have recommended this Tier-1 licensed broker. However, is AvaTrade worth signing up with? Is it reliable and does it provide a positive trading experience? CryptoCoinTrace investigated AvaTrade thoroughly and we have created this review to help you make the right decisions.

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Year Founded

2006

Minimum Deposit

100 units of currency

Regulation

FSA, ASIC, BVI, FFAJ, FSAC, ADMG and FRSA

Products Offered

Forex, cryptocurrency, indices, stocks, bonds, cryptocurrency, CFDs, vanilla options, commodities

Product Types

1250 financial instruments

About Avatrade

AvaTrade was founded in 2006 in Dublin, Ireland. On its website, AvaTrade calls its service “innovative and reliable” and says that it provides personalized service to its clients. AvaTrade is a tier-one broker with licenses from the ASIC in Australia and others. It offers many trading instruments, including CFDs, forex, and vanilla options.

Like many brokers who offer these trading instruments, AvaTrade does not sign on clients from the United States. The reason for this is that CFDs are restricted in the United States because of SEC regulations.

How We Analyze Brokers

Cryptocointrace examines brokers thoroughly and creates broker reviews to inform the public about which trading and investment services are legitimate and reliable and which should be avoided. Positive reviews are not a guarantee that consumers will not have issues with that broker. Negative reviews, on the other hand, are no guarantee that the broker is a scam. The purpose is to urge consumers to use caution and to be armed with information. The following are criteria we use to analyze brokers.

Fees and Accounts

AvaTrade has modest fees and reasonable spreads. AvaTrade does not make money through commissions but through spreads. The spreads AvaTrade charges are at a modest level, at 0.9 for the EUR/USD spread, for example. There are fees, but they are not high or unusual. Clients may pay a small fee for an account that has been inactive for a year and overnight rollover fees. AvaTrade does not charge fees for withdrawals or deposits.

Trading Platforms

AvaTrade accommodates many trading styles with a selection of platforms. Most high-caliber brokers offer MetaTrader 4, which provides customizable trading and tools that are easy for beginners and advanced traders. MetaTrader 5 is also available for traders who prefer to use technically advanced trading methods with automated tools. AvaTrade offers WebTrader, which lacks some of the features competing platforms have. However, AvaTrade compensates for this with several tools and features, including social trading. Clients can enjoy various tools to make trading easier, such as AvaTradeGo for mobile trades, AvaProtect, which can limit losses, and AvaOptions for vanilla options The flexibility and features of these platforms and tools is a selling point for AvaTrade among many clients. There is a tool suitable for any kind of client and the wide selection is another benefit of working with AvaTrade.

Regulation

The most important thing to look for in any broker is whether or not they are regulated. The reason is that if you have a complaint with a broker, you can seek assistance from the regulator who will examine the complaint and can take disciplinary action if needed. Fortunately, AvaTrade is well-regulated with f 1, 2, and 3 tier licenses from the FSA, ASIC, BVI, FSAC, ADMG, and FRSA. ASIC is the Australian top-tier regulator. Avatrade fulfills the requirement of having a license, and even better, it has a high caliber of licenses.

Trading Instruments

CFDs are the most popular trading instruments offered by Avatrade. CFDs are certificates of deposit that involve contracts measuring differences in value between the time the contract begins and when it is due. AvaTrade offers CFDs with exposure to forex, cryptocurrency, commodities, stocks, indices, options, ETFs, and bonds. The selection of assets is large with AvaTrade, but as stated earlier, CFDs are not allowed in the United States and carry significant risk.

Education and Resources and Customer Service

Although AvaTrade offers many tools and features for actual trading, there is little in the way of education and resources. This may not concern traders who are experienced or those new to trading who can find educational resources elsewhere, but many will see it as a drawback. AvaTrade customer service is available 24/5 through email, chat, phone. Service is provided in several languages and many clients have reported positive experiences with AvaTrade’s support.

AvaTrade Pros and Cons

Pros

  • Top tier licenses–tier 1 (ASIC) 2 and 3
  • Social and automated trading
  • Vanilla options
  • Modest spreads, few fees

Cons

  • No US traders
  • No stop loss trading
  • Limited educational and research resources

CryptoCoinTrace’s Conclusions About AvaTrade

After examining AvaTrade carefully, Cryptocointrace professionals have concluded that AvaTrade is a legitimate, regulated broker with reliable services. It offers modest spreads, low fees, many trading tools, and features, and a variety of CFDs as vanilla options. Its main drawback is the lack of educational and research resources, no stop loss trading, and lack of services for US traders. Although AvaTrade is a regulated broker, that doesn’t necessarily mean that you will never have an issue with them that will require professional advocacy. If you have a broker dispute or complaint, contact Cryptocointrace.

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