AVATrade Introduction & Broker Overview
Forex trading can be an incredibly joyous and productive investment opportunity if one can understand the dynamics of the market and is able to team up with a reliable broker that can guarantee the safety of the trading capital. Forex brokers may not enjoy an erstwhile positive reputation among traditional investors, due to the extensive financial scams of the past decade. However, changes in Forex trading regulations and brokers’ commitment to the welfare of its clients have led to a renewed interest in FX trading. Forex trading and allied brokerages are now an established part of the global financial markets and are believed to be the best investment opportunities available to both retail traders and institutional investors.
AVATrade launched its business during the boom in popularity of Forex trading among the general trading market. Although the broker had faced a few challenges during its initial years in the business, the company has rapidly expanded in the markets to become one of the mainstream Forex and CFD brokers in the market. AVATrade is currently a popular and highly reputed name for FX trading and investments, with a global presence in 5 different cities across the world. AVATrade is a dependable choice when it comes to Forex trading services, which will be covered in detail through this professional AVA Trade review.
AVATrade Regulation & Broker Locations
AVATrade has completed more than a decade of operations in the Forex market, as the company was launched in 2016 by a group of financial experts who had extensive knowledge in the web commerce industry. AVATrade claims to have more than 200,000 active traders from over 150 countries, which makes it one of the largest FX brokerages in the market. AVATrade also deals in a staggering monthly trading volume of $60 billion, which in turn helps the broker to offer a sufficient amount of liquidity for its clients.
AVATrade has an award-winning service that has featured prominently in several market reports and global financial forums. AVATrade operates from its primary headquarters in Dublin, Ireland, but has its branch offices in Italy, France, Spain, Australia, Japan, China, South Africa, Chile, Nigeria, and Mongolia. With a strong presence in Europe, Asia, and Africa, AVATrade is regulated by some of the top Forex regulators in the market such as the Central Bank of Ireland, the Australian Securities & Investments Commission (ASIC), the British Virgin Islands Financial Services Commission (BVIFSC), the Financial Services Agency (FSA of Japan), and the Financial Services Board (FSB of South Africa).
AVATrade is regulated by the European authorities under the Markets in Financial Instruments Derivatives (MiFID), as the Central Bank of Ireland is a European Economic Area (EEA) approved central bank through Ireland’s membership status with the European Union. European Forex brokers are generally more reliable and have fantastic policies when it comes to the protection of investors’ rights. AVATrade’s regulatory status with the other regulatory organisations also serves as an excellent indicator of the broker’s dedication towards enhancing its clients’ trust in the AVATrade’s products and services.
By investing in an AVATrade account, you receive the best protection for your trading capital. All clients’ funds are held in segregated accounts and are kept away from the core business funds used by AVATrade for its daily operations. Regulatory policies from the EU, Australia, Japan, and South Africa have necessitated the broker to hold a minimum operating capital, to ensure that AVATrade does not misuse traders’ funds for any purposes other than to maintain their positions in the market. The only drawback with AVATrade is that they do not accept traders from the US, as the company is not regulated by the US regulatory agencies such as the NFA and the CFTC. Nevertheless, AVATrade is an incredibly reliable broker for CFD and FX trading.
AVATrade Financial Instruments & Leverage On Tradable Assets
AVATrade has based its brokerage on the CFD model, where almost all financial assets are offered as Contracts For Differences. Hence, AVATrade is able to offer a large number of tradable instruments to its traders, which covers assets from Forex, commodities, shares, indices, ETF, and bonds market. The broker also provides the opportunity to trade on FX options, taking the grand total to more than 250 financial products. AVATrade is certainly a leader in its category, as Forex brokers tend to limit market access to a few currency pairs and commodities. Only some of the best FX brokers offer access to such varied instruments, making AVATrade a fine option for investors looking for diversifying their investment portfolio. Here is a complete list of all the AVATrade assets offered to traders:
Forex: EUR/GBP, EUR/JPY, GBP/JPY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/HUF, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/DKK, EUR/HUF, EUR/NOK, EUR/NZD, EUR/PLN, GBP/NZD, GBP/SEK, GBP/SGD, NZD/CAD, NZD/CHF, NZD/JPY, USD/CNY, USD/DKK, USD/HUF, USD/MXN, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR, USD/ILS, EUR/ILS, GBP/ILS, NOK/JPY, ZAR/JPY, PLN/JPY, SEK/JPY, TRY/JPY, EUR/RUB, EUR/SEK, EUR/TRY, EUR/ZAR, GBP/AUD, GBP/CAD, GBP/CHF
Crypto Currencies: RIPPLE, RIPPLE Weekly, BITCOIN Weekly, BITCOIN Mini, LITECOIN Weekly, LITECOIN Mini, ETHEREUM, ETHEREUM Weekly, DASH, DASH Weekly
Commodities: Crude Oil, Natural Gas, Heating Oil, Gasoline, Brent Oil, Gold, Silver, Platinum, Palladium, Copper, Corn, Soybeans, Wheat, Coffee C, Sugar no. 11, Cotton no. 2
Indices: S&P500, NASDAQ 100, DJ 30, RUSSELL2000, DOLLAR INDEX, CAC 40, DAX 30, FTSE 100, FTSEMIB, DJ EURO STOXX50, SMI, IBEX 35, OMX30, AEX, MSCI, NIKKEI225, HIS, SPI 200, NIFTY50, CHINA A50
Shares: JOHNSON & JOHNSON, JP MORGAN CHASE, LINKEDIN, MCDONALDS, MORGAN STANLEY, PFIZER, PROCTER & GAMBLE, POTASH, VERIZON, WAL MART, TWITTER, ALIBABA, GROUPON, APPLE, CISCO SYSTEMS, GOOGLE, AMAZON, INTEL, FACEBOOK, MICROSOFT, CHECK POINT, YAHOO, TESLA, TEVA, PERRIGO, MANCHESTER UNITED, AMERICAN EXPRESS, AT&T, BERKSHIRE HATHAWAY.B, BANK OF AMERICA, BOEING, CATERPILLAR, AMDOCS, CHEVRON, CITIGROUP, COCA COLA, WALT DISNEY, EXXON MOBIL, GENERAL ELECTRIC, GM, GOLDMAN SACHS GROUP, HSBC, ROYAL DUTCH SHELL-A, BP, VODAFONE, BARCLAYS, RIO TINTO.UK, GLAXOSMITHKLINE.UK, BHP BILLITON.UK, BRITISH AMERICAN TOBACCO.UK, ANGLO AMERICAN.UK, TESCO.UK, BANCO SANTANDER, TELEFONICA, BANCO POPULAR.ES, ACCIONA.ES, ENDESA.ES, GAS NATURAL.ES, BBVA, IBERDROLA, REPSOL, INDITEX.ES, E.ON, SIEMENS, BAYER, ALLIANZ, DEUTSCHE BANK, BASF.DE, SAP.DE, DEUTSCHE TELEKOM.DE, RWE.DE, BMW.DE, DAIMLER.DE, ORANGE.FR, ENGIE.FR, SANOFI-AVENTIS, TOTAL, ALCATEL-LUCENT.FR, PEUGEOT.FR, VALLOUREC.FR, CARREFOUR.FR, DANONE.FR, ACCOR.FR, SOCIETE GENERALE.FR, BNP PARIBAS.FR, ENI, INTESA SANPAOLO, UNICREDITO, GENERALI ASSICURAZIONI, TELECOM ITALIA, ENEL.IT, TENARIS.IT, SAIPEM.IT, UNIONE DI BANCHE.IT, BANCA POP MI.IT, FIAT CHRYSLER.IT
ETFs: Financial Select Sector SPDR, S&P 500 VIX Short-Term Futures ETN, Energy Select Sector SPDR, Materials Select Sector SPDR, Dow Jones U.S. Real Estate Index Fund, MSCI Canada Index Fund, Dow Jones U.S. Home Construction Index Fund, MSCI Brazil Index Fund, MSCI Mexico Index Fund, MSCI EAFE Index Fund, MSCI South Korea Index Fund, FTSE China 25 Index Fund, MSCI Taiwan Index Fund, MSCI Hong Kong Index Fund, India Earnings Fund, MSCI Australia Index Fund, MSCI Singapore Index Fund, MSCI Malaysia Index Fund, MSCI Germany Index Fund, MSCI Emerging Markets Index Fund, Market Vectors TR Gold Miners
Bonds: 5 Year US T-NOTES, 10 Year US T-NOTES, 30 Year US T-BOND, EURO-BUND, JAPAN GOVT BOND
All CFD products are available with a maximum AVATrade leverage of 1:400, except for shares, which may be offered with a lower leverage of a maximum of 1:20 due to the market volume restrictions. Stock trading CFD products do have a slight drawback when compared to direct market access instruments, as CFDs are contracts for differences offered by a broker that can have multiple counterparties to a single contract.
AVATrade works as a CFD exchange that connects traders through their trading platform to act as counterparties to a single contract, but in the case of lower liquidity, AVATrade can choose to accept the opposite end of a trader’s position. Despite the increased conflict of interest with these CFD products, AVATrade regulation takes care of keeping the broker in line with the regulatory standards, and to ensure that traders can enjoy a transparent and secure trading environment.
AVATrade Spreads & Minimum Deposit
There are two different AVATrade spreads available for traders that include the fixed spread and the floating spread. Fixed spread trading is the more expensive option that enables traders to trade the markets with a fixed cost per asset while floating spread offers a more economical trading option, where the spread is dependent on the market conditions. Fixed AVATrade spreads start from 1.9 pips for the EUR/USD pair, which is competitive enough when compared to the market maker spreads offered by other brokers. AVATrade reduces the spread further to 0.7 pips for the floating spread accounts, but the nominal spreads may be in the region of 1.5 pips under regular trading conditions. Of course, the spreads for other currencies are higher than the EUR/USD pair and can reach around 5 to 7 pips on an average.
The cost of trading for other CFD products may vary according to the chosen asset, as stocks, commodities, and indices all have different spreads and commissions as per the existing market quotes. The broker also charges a SWAP for overnight trades, which is eliminated for Islamic account holders due to religious reasons. The broker has a detailed costs table for traders to browse through the spreads and trading conditions of all available trading assets, which can help understand the different trading conditions applicable for a particular asset class or a specific product.
AVATrade, despite its large brokerage service and a heavy-weight status in the Forex market, has an amazingly affordable brokerage account that lets users start trading from just $2500. The AVATrade minimum deposit is undoubtedly one of the key attractions of the brokerage and is excellent for small retail traders. Some of the broker’s immediate competitors may charge anywhere from $300 to $1000 for the same kind of services, which makes an AVATrade Forex account seem like excellent value for money. The only problem is that AVATrade does not offer an ECN or STP account for direct market access trading, which could have increased the broker’s reach.
There is a wide range of payment methods for traders to make their deposits and withdrawals. AVATrade supports credit/debit card payments and wire transfers as the primary payment options, but the broker may also allow its traders to make a payment through PayPal, Skrill, WebMoney, Neteller, and other online payment processors. The broker moves all clients’ investments to segregated accounts and facilitates quick withdrawals that are guaranteed to process all payments within 24 hours. Deposits are much quicker than withdrawals, as the funds will be deposited into your trading account as soon as you make your payment. Apparently, wire transfer may see some delays, and the company asks its clients to allow up to 4 days for the money to reach their respective accounts.
There are amazing choices for traders to select a trading platform according to their needs. AVATrade has used its expertise and resources to good use by offering a range of excellent Forex trading interfaces, which does help traders to experiment with different platforms and choose a software that works best for their trading strategies. AVATrade primarily provides access to the markets through its MetaTrader4 platform, which is available in two different versions. The Standard MT4 platform is a fixed spread interface for stable trading conditions, while the MT4 floating spreads platform offers tighter spreads and better market liquidity.
If you are not a fan of the MT4 platform, the broker has developed a proprietary trading platform based on the MT4 interface, known as the AVATradeGo platform. The AVATradeGo is perhaps one of the best platforms in the market, as it has the features available on a standard MT4 terminal, along with some added features and functionalities designed and developed by AVATrade’s in-house programmers. The MT4 and AVATradeGo platforms are excellent for trading the Forex and commodities markets, but they do not offer other asset classes available at AVATrade, such as bonds, indices, and options.
For complete access to the markets, the AVATradeAct platform is the one to beat, as it offers a wide range of tradable assets from FX, commodities, indices, shares, bonds, and ETF market. For Forex Options trading, traders must access their accounts through the AVAOptions platform. All platforms support automated and social trading, including Mirror Trader and ZuluTrade. A large number of platform options may seem confusing for traders, but traders are free to choose their preferred trading platform by analysing the different platform features through a demo account.
AVATrade Mobile Apps
The MT4 platform is available as AVATrade mobile trading apps for iOS and Android devices. AVATrade has also ensured that it has dedicated mobile apps developed for most smartphones and tablets, which are readily downloadable from the Apple App Store and the Google Play Store. For mobile traders seeking a better compatibility with desktop trading devices, the broker has also offered a web trader interface, which ensures that the company has covered all three major platforms for the retail trading market. AVATrade apps are highly reliable for accessing all markets and can provide a genuinely secure mobile trading experience.
AVATrade Bonus & Rewards
AVATrade, regardless of being a regulated Forex broker, offers an excellent rewards program for its clients. All traders can receive a bonus on their initial deposit, which can be up to 30% of the deposit amount. AVATrade bonuses are dependent on seasonal campaigns, and may not be available at all times. Nevertheless, the broker is known to launch new promotional programs and bonuses for its users to keep their brokerage relevant to modern trader requirements.
AVATrade also provides a VIP program known as AVA Select, which offers reduced spreads, higher bonuses, and better trading conditions to traders depositing more than $100,000. The AVA Select program is also available for traders transacting a minimum of 100M in volumes per month, and such traders are automatically upgraded on a quarterly basis. Traders can also take part in the AVATrade loyalty program, which is similar to the reward programs offered by other competing brokers.
Almost all Forex brokers readily offer demo accounts without stating any conditions, and AVATrade has also opened up its practice accounts to its users without any limitations. AVATrade clients can evaluate platform features, experiment with strategies, or learn Forex trading through the AVATrade demo, which offers live trading conditions without any differences between the live market and demo accounts.
AVATrade Customer Support Department
As expected, AVATrade has one of the best customer service channels in the entire market. Clients from all over the world, except the United States of America, get personalised support from the broker through its regional support centres located in South America, Europe, Middle East, Asia, Africa, Australia, and New Zealand. Northern American countries such as Canada, Mexico, and the USA also get dedicated phone numbers, but it is safe to assume that the broker does not cater to traders from the US. Apart from the direct phone numbers, traders can send in their queries or complaints through email, web contact form, or through the live chat feature. AVATrade representatives are available 24 hours a day and seven days a week to tend to its customers’ complaints and take feedback quite seriously. There is also an excellent FAQ section that covers most of the traders’ concerns and questions that are commonly asked by traders.
- AVATrade is regulated by five different regulatory agencies.
- A wide range of asset classes and respectable leverage options.
- Competitive spreads for a market maker account.
- Professional customer service.
- Bonus available to all traders.
- Comprehensive choice of trading platforms.
- Low initial investment.
- Does not accept US traders.
- No ECN/STP account option.
Is AVATrade A Scam?
No, AVATrade is a regulated broker that is regulated by the CBI (Ireland), the ASIC (Australia), the FSA (Japan), the FSB (South Africa), and the FSC (BVI).
What Is The Minimum AVATrade Spread For Forex Trading?
Fixed spreads for AVATrade starts from 1.9 pips while floating spreads start from 0.7 pips for major currency pairs such as the EUR/USD and the USD/JPY.
Does AVATrade Provide Any Bonus?
Yes, AVATrade provides a 30% bonus on deposits and a maximum of $15,000 in bonuses per account. For higher bonuses, traders must contact their account manager.
AVATrade is among the top picks for an FX or CFD trading account, primarily due to its regulation, asset options, and excellent trading platforms. AVATrade also provides excellent trading platforms and reliable customer service, which makes it one of the most trusted options in the Forex brokers market.