Avatrade Review 2023
When choosing a broker for Forex or CFD trading, it is important to select a platform that offers both reliability and versatility in order to ensure the best chances for long term trading success. Since 2006, AvaTrade has been providing just such a platform to its customers.
By integrating a great trading platform with helpful innovations in online Forex trading, AvaTrade has become the preferred broker of over 100,000+ traders worldwide.
This review will explore AvaTrade’s platform, services and programs to help those looking for a new Forex brokerage platform decide if AvaTrade is a good fit for their trading needs.
In order to allow traders the greatest possible degree of versatility in their preferred trading styles, AvaTrade offers multiple platforms for executing trades. The two main basic platforms are AvaTrade’s proprietary platform and the widely popular MetaTrader MT4 platform. The latter, being a common industry standard, allows traders who have previously used almost any other major brokerage to smoothly transition to AvaTrade with a familiar piece of trading software.
Over 200 individual assets, including Forex currency pairs, CFDs, stocks, commodities and Bitcoin are available for trading. Spread betting is also available on the MetaTrader 5 platform, offering tax-free profits on popular financial assets using a leveraged derivative.
AvaTrade offers traders tight spreads and high leverage, making it possible to realise a substantial return on investment, even on smaller trades. On Forex currency pairs, for example, leverage of up to 400:1 is made available with spreads as low as 0.9 pips. CFDs, gold and other metals offer 200:1 leverage, with oil offering 100:1 and stocks offering 20:1.
In addition to its traditional trading platforms, AvaTrade also gives its traders the option to engage in automated trading. Five separate automated trading platforms including ZuluTrade, SignalTrader and Mirror Trader allow those who trade through AvaTrade to automate their trades either through fully automated signal trading or by copying the trades executed by other successful traders. These options make AvaTrade a useful platform for those who are new to trading, as they allow inexperienced traders to learn the ins and outs of basic trading while still profiting using automated trades.
In addition to desktop platforms, AvaTrade also offers a complete mobile platform, allowing traders to execute trades quickly and easily from anywhere in the world. Mobile platforms for both iPhone and Android are available. It should be noted that only AvaTrade’s proprietary platform and MT4 are available in the mobile format.
In addition to its versatile trading model, AvaTrade offers comprehensive 24/5 customer service to all of its traders. The firm’s team of professional customer service experts may be contacted via phone or email. In order to fill the needs of traders worldwide, dedicated teams of support staff are assigned to individual countries in seven different regions of the world.
AvaTrade’s trader support goes beyond its knowledgeable service team to include several excellent educational tools for traders of all experience levels. Educational articles regarding basic trade execution, Forex markets and basic technical analysis help new traders to begin understanding the details of trading financial assets. A host of other educational tools, including a complete digital trading book, market news, a calendar of major economic events, video tutorials and even live webinars are also available to help traders develop their skills and become more successful.
For complete novices, a demo account option is also available. This lets new traders execute theoretical trades based on real time market conditions without risking any real capital in order to learn their way around both the platform and the basics of trading.
Deposit and Withdrawal Methods
Deposits made to AvaTrade may be conducted via either major credit card or wire transfer. Credit card deposits require a minimum amount of £100, while wire transfer deposits require a £500 minimum. Withdrawals may be conducted using the same methods and take up to five business days to process once a request for a withdrawal of funds has been made.
AvaTrade Bonuses and Promotions
As an incentive for new traders who sign up with AvaTrade, the firm offers a generous initial deposit bonus. This bonus can range from £40 for a deposit of £250 to as much as £10,000 for an initial deposit of £50,000 or more. In addition, a refer-a-friend program is also available, allowing traders to earn a trading credit of up to £400 for every new customer referred. As traders grow their accounts and begin to move into higher trading volumes, they also become eligible for higher membership levels. These higher-level memberships include incentives like more educational tools, better market analysis and even more flexible trading conditions.
The recent marketing move to partner with leading Premier League Football Club Manchester City also led AvaTrade to create some related trader incentives. One such scheme was to offer an online trading coaching course. Get more details here.
By merging excellent basic trading platforms with new innovations in the world of online trading, AvaTrade has grown into a leading broker of Forex and CFDs. Automated trading, comprehensive educational tools and a low initial deposit requirement allow even inexperienced traders to easily make use of AvaTrade, and more involved options allow expert traders to customize their trading to their own personal preferences. Excellent customer service and a generous initial bonus program nicely round out AvaTrade’s offerings. Overall, AvaTrade is an excellent platform for Forex trading and has much to offer for almost any trader.
Spreads And Trading Costs
Compare Avatrade with Other Brokers
These brokers are the most similar to Avatrade:
- Pepperstone - Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.
- IG Index - IG is an award-winning broker that has an excellent reputation globally. The brand offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
- Vantage FX - Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
Avatrade Feature Comparison
|Avatrade||Pepperstone||IG Index||Vantage FX|
|Markets||Forex, Stocks, Commodities||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities||Forex, Stocks, Commodities|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||0.01 Lots|
|Regulators||ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA||FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||FCA, ASIC, FSCA, VFSC|
|Platforms||MT4, MT5||MT4, MT5, cTrader||MT4||MT4, MT5|
|Leverage||1:30 (Retail) 1:400 (Pro)||1:30 (Retail), 1:500 (Pro)||1:30 (Retail), 1:222 (Pro)||1:500|
Trading Instruments Comparison
|Avatrade||Pepperstone||IG Index||Vantage FX|
Avatrade vs Other Brokers
Compare Avatrade with any other broker by selecting the other broker below.
|AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support.|