AvaTrade Broker Review: Forex Broker & Trading Markets | Legit or a Scam

Score

4/5

Min Deposit

$100

Min Spread

0.9 pips

Regulation

ASIC, FSCA, FSA, CBI, FFAJ, FSC

Max Leverage

1:400

Positive Ratings

90%

Neutral Ratings

Negative Ratings

Company Summary

Aspect	Information
Registered Country/Area	Ireland
Founded Year	2006
Company Name	AvaTrade
Regulation	ASIC, FSCA, FSA, CBI, FFAJ, FSC
Demo Account	Available
Minimum Deposit	$100
Maximum Leverage	1:400
Spreads	Variable spreads from 0.9 pips
Trading Platforms	MetaTrader 4, MetaTrader 5, Mobile and WebTrader.
Customer Support	Phones, Live Chats, Physical Offices, and Contact Form.
Payment Methods	Cards, Ewallets, and Wire Transfers

Introduction

AvaTrade trading platform offers seamless trading opportunities to traders with different goals and needs. The platform is designed with a user-friendly approach that offers multiple features. AvaTrade offers traders robust security measures and various trading products for a seamless experience. This AvaTrade review will help you identify the reliability of the platform.

AvaTrade Overview

AvaTrade trading broker is registered in Ireland under top financial authorities. It offers affordable pricing and regulated trades that make it easier even for beginners. AvaTrade is also known to offer strong and responsive customer support making it convenient.

Trading Instruments by AvaTrade

AvaTrade offers investment in an array of products. These trading products help you trade in global markets and enhance your portfolio. The top trading products are:

Forex

AvaTrade offers over 50 forex currency pairs from minor to exotic. The platform has competitive spreads and leverages perfect for different traders.

Commodities

You can invest in gold, silver, natural gas, oils, and more. These products are known as commodities that help traders diversify their portfolios.

Stocks

AvaTrade allows traders to trade in major global companies like NYSE or NASDAQ. Tradera can also analyze and view market movements.

Indices

Indices is a popular trading process for accessing a global market.

Withdrawals and Deposit options at AvaTrade

At AvaTrade, you get to deposit and withdraw your funds using cards, net banking, wire, or bank transfers. The minimum deposit at AvaTrade starts from 100 US dollars. The process is smooth and faster that depends on the payment method.

These transactions can be made using. Also, there are no additional charges during the deposit or withdrawal. If you are looking for more various deposits and withdrawal options, you can check out SmartSTP, Capitalix and TradeEU Global.

Account Types offered by AvaTrade

AvaTrade lacks multiple types of accounts. It offers a basic, standard account for the traders and an Islamic account for Muslim Traders.

Standard Account

The basic trading account at AvaTrade offers multiple trading tools and features. The platform allows traders to trade in various products using free trading tools.

Islamic Account

AvaTrade has a provision of Islamic accounts for Muslim traders. These accounts help them to trade with Swap-free accounts. It is designed keeping Sharia Law in mind.

Security and Regulations of AvaTrade

AvaTrade is a highly regulated and secure trading platform. It is authorized and licensed under multiple authorities. Some of these authorities are Central Bank of Ireland, ASIC, FSC, FSCA, and FFAJ.

The regulatory status keeps the platform under the industry standards of security and transparency. This makes AvaTrade a safe trading platform for traders with varying trading goals.

Fees and Commissions of AvaTrade

AvaTrade is a transparent trading platform that has proper pricing information beforehand. At AvaTrade, there are a few additional charges included in different processes.

Inactivity Fees

The platform charges inactivity fees after 3 months. The platform charges start from $50.

Administration Fees

This is charged if your account remains inactive for over a year. The charge is $100.

These charges vary from country to country and the currency you use.

Customer Support of AvaTrade

AvaTrade offers responsive and efficient customer support using multiple channels and educational resources. The support team is available 24/5 aligned with the global trading hours.

Service Team

The customer service team is made up of people with immense trading knowledge. You can contact the team using calls (+1 212-941-9609), live chats, and the contact forms.

The platform offers 24/7 support to the crypto trader.

Educational Resources

The platform offers a proper trading academy. this helps budding traders learn the skills and strategies to make better decisions. The resources like tutorials, eBooks, and webinars help trades learn their way.

Conclusion

AvaTrade is a well-regulated platform having a good reputation in the industry. AvaTrade also offers competitive prices and committed customer service that makes it trustworthy.

AvaTrade provides a seamless trading experience and safe transactions due to the authorization. The platform provides traders with high-level tools and features that enhance their skills and strategies.

Overall, this AvaTrade review, concludes that it is a legit trading platform.

Regulated by Top Financial Authorities
Various trading platforms
Advanced features and tools

Restricted Minimum deposit
Limited Account Types

FAQs

What account types does AvaTrade provide?

The platform does not have multiple account types. It does offer a special Islamic account for Muslim Traders.

What is the lowest investment at AvaTrade?

To start Trading at AvaTrade, you need a minimum of $100. This is the minimum deposit that you require.

AvaTrade is regulated by what Financial Body?

The platform has been regulated by over 9 financial authorities like FSC< FSCA and more.

Does the platform charge additional fees or commissions?

Yes, if you have a dormant account the platform will charge inactivity fees.

Can you trade using demo accounts at AvaTrade?

The platform does not offer demo accounts. You need to open your account and start trading with real funds.

Does AvaTrade offer educational resources?

The platform has multiple resources like video tutorials, webinars, and trading courses that help in learning essential skills.

What are the top trading products at AvaTrade?

The platform has multiple trading products like indices, crypto, and stocks.

Trusted Score

4.3/5

Score

4.3/5

Trusted Score

4.1/5

Score

4.1/5

Trusted Score

4.2/5

Score

4.2/5

Trusted Score

4/5

Score

4/5

Trusted Score

4.5/5

Score

4.5/5

Trusted Score

4.8/5

Score

4.8/5