AvaTrade Broker Review 2023

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In this article, we will review the AvaTrade broker. AvaTrade broker was established in 2006. It is regulated by 7 regulations across 6 different continents. AvaTrade is known for having great customer service, and integrity, and provides constant innovation.

Avatrade has more than 200,000 customers registered who execute more than two million trades a month. AvaTrade’s total trading volumes surpass $60 billion per month. Below is a summary of the Avatrade broker review.

Summary

Assets Available8 Asset Classes – Forex, Crypto, CFD, Stocks, Options, Indices, EFTs, bonds.
Regulated ByCentral Bank of Ireland, BVI Financial Services Commission, ASIC, South African Financial Services Board, Financial Futures Association Japan, Abu Dhabi Global Markets, Cysec, and Israel Securities Exchange
No. of Trading Platforms
MetaTrader 5/4 based Trading Platform on Desktop and Web. Avatrade Go on mobile ( Android and IOS )
LeverageUpto 1:400
Min DepositThe minimum deposit required is $100
SpreadsVariable spreads depending on which instrument traded
Education ProvidedTrading courses available for beginners and advanced traders
Methods of PaymentVisa, Skrill, Wire transfer, neteller

Trading Platforms

WebTrader

Avatrade web trading platform is an award-winning trading platform. If you don’t want to download any trading software and want to trade on the web this is absolutely a great platform to trade with. It is very user-friendly and a lot of traders who use AvaTrade use it.

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Figure 1: AvaTrade web trader

Metatrader 4

Metatrader 4 is a great trading platform and it is very popular among traders. This trading platform is suitable for both beginners and advanced traders. MT4 also offers the ability to trade with EAs ( expert advisors ). The MetaTrader 4 is also supported by Macs.

Metatrader 5

Metatrader 5 is the next-generation trading platform and successor of MetaTrader 4. MetaTrader 5 provides you with many more technical indicators. Also, it offers the ability to code and run expert advisors with an improved coding language called Mql5.

AvaTrade Go

Avatrade go is a mobile trading platform provided by this broker. It is available on both Android and IOS. It is very simple to use and very user-friendly.

Regulations – Is AvaTrade Broker Regulated?

AvaTrade is a highly regulated broker with multiple regulations. AvaTrade is regulated by

  • ASIC – Australian Securities and Investment Commissions
  • Central Bank of Ireland
  • B.V.I Financial Services Commissions
  • FSB – South African Financial Services Board
  • Financial Futures Association of Japan
  • ADGM – Abu Dhabi Global Markets
  • FRSA – Financial Regulatory Services Authority
  • Cysec – Cyprus Securities and Exchange Commission
  • Israel Securities Authority

Instruments Available For Trading

Forex

Avatrade offers a lot of currencies that you can trade. These include the major forex pairs and exotic pairs. With the great platforms, AvaTrade offers you will be able to trade forex with a world-class experience. AvaTrade provides both manual and automated trading platforms to trade forex.

CFDs

You can trade CFDs for any financial asset with AvaTrade. These include currencies, stocks, efts, commodities, indices, bonds, and cryptocurrencies.

Cryptocurrency

AvaTrade offers a range of cryptocurrencies to trade with. These include the popular Bitcoin Gold, Bitcoin Cash, Ethereum, EOS, NEO, Dash, Chainlink, Uniswap, Litecoin, Stellar, Miota, Cryto10 Index, and Ripple. These are all great cryptocurrencies that you can trade.

Commissions And Spreads

The spreads depend on the instrument that you are trading. For the popular EUR/USD the spread is 0.9, for AUD/USD the spreads are 1.1. The spreads are variable. For stocks, the spreads are usually 0.13%. These spreads are decent, not the lowest spreads out there but spreads are low enough.

Leverage Provided

This broker provides a leverage of up to 1:400 which is a pretty high leverage. Trading with this leverage is not recommended. Compared to some other brokers who offer leverage of 1:5000 this also can be considered low.

Education Provided

AvaTrade provides great education for beginning traders. They have courses on technical analysis, stock trading, introduction to financial markets, basics of trading, fundamental analysis, and much more. The education provided is great for beginning traders.

Methods Of Payment (Deposit & Withdrawal)

There is a plenty of options for payment both depositing money and withdrawing money. These include Visa, Skrill, Wire transfer, and Netteller. These are all great and safe ways of depositing and withdrawing money.

Is AvaTrade a Legit Broker – AvaTrade Broker Review

AvaTrade is indeed a legit broker. This broker is highly regulated with multiple regulations across 6 continents. This makes that broker a trustworthy broker. If you are looking for a broker to trade Forex or CFD we recommend you sign up with AvaTrade below.

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