AvaTrade is a large FX and CFD broker based in Dublin, Ireland. When the company was founded back in 2006 the name was AvaFX, but they later changed the name to reflect that they have more to offer than just forex trading. AvaTrade is an online broker that serves around 200,000 accounts. Offices are present in 11 countries. The multilingual customer support staff is present five days a week, around the clock.

AvaTrade

Regulations & Safety

AvaTrade holds multiple licenses and is regulated by several jurisdictions/authorities, including:

  • The Central Bank of Ireland
  • FSB in South Africa
  • ASIC in Australia
  • FSC in the British Virgin Islands
  • Several Japanese agencies

Account types

These three account types are available for regular traders at AvaTrade:

  • Free Demo
  • Standard Live
  • Islamic Account

The Free Demo account is a great way to get to know the platform and try out various strategies without risking any real money. You make your trades using free play-money. Once you feel comfortable, it is easy to make a deposit and transition over to a Standard Account where you trade in real money.

A vast majority of the members at AvaTrade uses Standard Account. A deposit of 100 USD is required to get started. You trade with real money and have full access to all the charting tools and other features.

The Islamic Account are for traders who wish to follow Islamic rules for trading.

What´s a MAM?

If you are a professional trader that handles accounts for other people, you can apply for a Multi-Account Manager Account (MAM). This type of account makes it much easier to handle multiple accounts, and will also give you access to features such as all MT4 order types, Multiple Allocation Parameters and the ability to create multiple sub-trading groups.

Trading platforms

Once you´ve signed up with AvaTrade, you get access to several different trading platforms. The most famous one is the MetaTrader4 in its various formats (MT4 for web trading, MT4 for Mac, etc). AvaTrade also offers a proprietary platform, the AvaTrader Act, which was created specifically for AvaTrade. In addition to this, there are several platforms that specializes in Automated Trading. Example: RoboX, API Trading, MQL5 Signal Servicec, Mirror Trader, Zulu Trade.

Can I trade on smartphones and tablets?

Yes, you can use your AvaTrade account on smartphones and tablets. You have multiple choices, including the AvaTrade Act mobile app, a proprietary trading app created by ActTrader Technologies Inc specifically for AvaTrade. The famous MetaTrader4 (MT4) is also available in a mobile app version, from the MetaQuotes Software corporation. We also like the AvaTradeGO mobile app that syncs with MT4.

AvaTrade Act mobile app, MT4 mobile app and AvaTradeGO work on both iOS and Android mobile devices.

Spreads

Both fixed and floating spreads exist at AvaTrade.

Examples:

  • EUR/USD 1.5 pip floating spread
  • EUR/USD 1.9 pip fixed spread
  • GBP/USD 1.6 pip floating spread
  • GBP/USD 2.4 pip fixed spread

AvaTrade forex

Does AvaTrade offer leveraged trading?

Yes, AvaTrade offers leveraged trading. The largest possible leverage is 1:400.

Deposits and withdrawals

A deposit of 100 USD is required to start trading with real money in a Standard Account.

AvaTrade accepts various transaction methods, including major credit/debit cards, bank wire transfer, and e-wallets such as PayPal, Skrill, Neteller, and WebMoney.

If speed is important, avoid the wire transfer for deposits because it tends to be slower than the other methods and sometimes take several days.

Getting your money out of the account can take some time. Sometimes, it takes as much as 5 bank days to process a withdrawal request. A great shortcut is to get the special Ava Debit MasterCard. That way, you always have access to the funds in your AvaTrade account through the MasterCard.