CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Avatrade

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Avatrade Review

AvaTrade has grown into a significant online trading platform since its inception in 2006, with about 200,000 registered clients executing up to 2 million deals each month totaling over $60 billion in trading volume.

Headquartered in Dublin, Ireland, Avatrade offers a wide variety of financial trading instruments, including indices, commodities, stocks, currencies, digital currency, bonds, and exchange traded funds, and it does have sales offices in Tokyo, Sydney, Milan, and Paris.

AvaTrade promises to provide multilingual assistance 24 hours a day, seven days a week, with a range of trading platforms accessible, including MetaTrader 4 and AvaTradeGo, as well as a selection of automated trading systems, including Zulu Trade among others. 

They are a regulated broker in the EU, Japan, Australia, South Africa, and the British Virgin Islands, and is subject to strict compliance standards in terms of client money, security, and financial reporting.

Pros

  • Over 200,000 investors use it.
  • It was founded in 2006.
  • The Central Bank of Ireland, ASIC, IIROC, the FSA, the FSB, the UAE, and the British Virgin Islands all regulate AvaTrade
  • The minimum deposit is $100.

Cons

A minimum deposit of $100 is required to establish a live account. Alternatively, AvaTrade provides a demo account that you may use to experiment and become acquainted with their platform.

Regulated in South Africa, ASIC (AFSL #406684) and Financial Services Provider #45984, AvaTrade keeps every customer funds in a separate bank account and works with tier-1 institutions to do so. AvaTrade has been in business since 2006, with its headquarters in Ireland.

Before we get into the specifics of AvaTrade’s spreads, fees, platforms, and trading tools, you might also want to open AvaTrade’s website in a new tab by hitting the links below to get the most up-to-date information directly from AvaTrade.

Visit Avatrade

Full disclosure: If you join up with a broker through one of our links, we may get a commission.

What are the spreads and costs at AvaTrade?

AvaTrade, like most brokers, charges a fee based on the spread, which is really the difference between both the buy and sell prices of an item.

The commissions and spreads shown here are calculated on the AvaTrade website’s minimum spreads. 

ForexAvatradeCity IndexXTB
EUR/USD(Average: 0.7 pips)0.9 pips0.1 pips0.6 pips
GBP/USD(Average: 1.1 pips)1.6 pips0.1 pips0.9 pips
USD/JPY(Average: 1.1 pips)1.1 pips0.2 pips0.7 pips
AUD/USD(Average: 0.8 pips)1.1 pips0.2 pips0.6 pips
USD/CHF(Average: 2.3 pips)1.6 pips0.2 pips1.5 pips
USD/CAD(Average: 2.9 pips)2.0 pips0.3 pips1.7 pips
NZD/USD(Average: 3.6 pips)1.8 pips0.3 pips2.0 pips
EUR/GBP(Average: 2.4 pips)1.5 pips0.1 pips0.9 pips

Spreads are changeable and are provided solely for informational reasons.

As you’ll see, AvaTrade’s minimum spread for trading EUR/USD is 0.9 pips – a quite wide spread when compared with the rest EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with AvaTrade vs other brokers.

How much does AvaTrade charge to trade 1 lot of EUR/USD?

If you bought one regular lot of EUR/USD (100,000 units) with AvaTrade at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $12. Here is a general summary of the fees and how they compare to IG and XTB.

AvaTradeIGXTB
Spread from:$ 9.00$ 6.00$ 2.00
Commission:$0.00$0.00$0.00
Total cost of a 100k trade:$ 9.00$ 6.00$ 2.00
$1 less$5 less
VISIT AVATRADEVISIT IGVISIT XTB

All fees and pricing are provided for reference purposes only and are subject to change.

What can you trade using AvaTrade?

AvaTrade provides over 250 different trading instruments, including 59 currency pairings. We’ve outlined all of the numerous types of instruments provided by AvaTrade beneath, along with IG and XTB instruments for comparability.

FX / CurrenciesAvaTradeIGXTB
# of forex pairs offered599048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*YesYesYes
Commodity CFDsAvaTradeIGXTB
# of commodities offered163421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsAvaTradeIGXTB
# of stocks offered9980001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesYesYesYes
Japanese sharesYesYesYes
SEE AVATRADE’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit Avatrade

What is the trading experience like with AvaTrade?

1) Platforms and apps

AvaTrade is one of the few brokers who offers both the MetaTrader 4 and MetaTrader 5 platforms. Check out our MT4 vs. MT5 contrast to see how the two systems vary. 

Traders could trade on their favourite device owing to a mix of Mac and Windows download platforms.

AvaTrade Screenshot

They now have mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.

SEE AVATRADE’S PLATFORMS

Still unsure?

Open a practise account and begin learning to trade.

2) Executing Trades

AvaTrade allows the user to perform a 0.01 Lot trade. This may differ based on the type of account you establish. The maximum trading requirements differ according on the trader and the instrument.

They may have fewer entrance criteria as a market maker than an ECN broker, which benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.

Finally, we’ve included a list of some of the most common funding options available to AvaTrade traders below.

Trading Features:

  • Allows for scalping
  • Allows for hedging
  • Minimum deposit is low.

Accounts offered:

  • Mini account
  • Standard account
  • Islamic accountDemo account
  • Micro account

Funding methods:

  • Skrill
  • Payoneer
  • PayPal
  • NetellerCredit cards
  • Bank Transfer

3) Client support

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese, and Dutch are among the languages supported by AvaTrade.

AvaTrade receives a comparebroker.io triple AAA support rating due to their extensive language and support choices.

4) What you’ll need to open an account with AvaTrade

Because AvaTrade is regulated by the Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE, and the British Virgin Islands, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy:

  • A utility bill or bank statement from the past three months showing your address
  • A scanned colour copy of your passport, driving license or national ID

You’ll also have to answer a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

While you may be able to browse their site immediately, it is essential to note that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your scenario.

To begin the process of establishing an account with AvaTrade, go to their website.

If you’re curious about how AvaTrade works or simply would like to see inside their platform, we’ve created a brief 4-minute video that walks you through the process of opening an AvaTrade account.

Avatrade Screenshot

Open a demo account

Open a live trading account

79% of retail investor accounts lose money when trading CFDs with this provider.

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