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Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

AvaTrade

Ireland|15-20 years| Benchmark AAA|
Market Making(MM)|High potential risk|

https://www.avatrade.com/?tag=fxeye_oversea

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

721.5 Poor

MT4/5

Full License

Ava-Demo

United Kingdom
MT4
56

Capital Ratio

Perfect

Capital

$ 775,194 (USD)

Influence

AA

Influence index NO.1

South Africa 8.08
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:D

Slippage:AAA

Cost:A

Disconnected:AAA

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

56
Server Name
Ava-Demo MT4
Server Location United Kingdom

Capital Ratio

Capital Ratio

Perfect

Capital

$ 775,194 (USD)
Ranking in Japan: 9 /407
1041.2%
非常好

Influence

Influence

AA

Influence index NO.1

South Africa 8.08

Surpassed 82.90% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+43 720817760
Chinainfo@avatrade.com
https://www.avatrade.com/?tag=fxeye_oversea
https://www.facebook.com/Avatrade

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2021-01-01
Ava Trade
JSF Trust and Banking

Contact number

English

+43 720817760

English

+357 25030235

English

+45 78755456

English

+358 942723482

Other ways of contact

Broker Information

More

Company Name

AVA Trade EU Ltd.

Abbreviation

AvaTrade

Platform registered country and region

Ireland

Number of employees

Company website
Twitter
Facebook
Instagram
YouTube
WhatsApp
  • +447520644093

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-06
  • The number of the complaints received by WikiFX have reached 33 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

AvaTrade · WikiFX Survey
Danger A Visit to AvaTrade in South Africa – No Office Found
South Africa
AvaTrade · Benchmark
Average transaction speed(ms)
721.5 Poor
The highest transaction speed(ms)
140 Good
The highest speed of opening positions(ms)
140 Good
The highest speed of closing position(ms)
328
The lowest speed of opening positions(ms)
1602 Good
The lowest speed of closing position(ms)
1406 Good
9.53USD/Lot Great
25.36USD/Lot Perfect
Long: -2.53USD/Lot    Short: 0.34USD/Lot Great
Long: -5.45USD/Lot    Short: 2.9USD/Lot Great
Average slippage
-0.3 Great
Maximum transaction slippage
11 Good
Maximum positive slippage
-1 Good
Maximum negative slippage
11 Good
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
70.3
Ranking: 22 / 134
Test user 1,110
Orders 1,611
Ocuppied margin $3,871,608 USD
Data Source WikiFX Data provide
Updated: 2024-11-04 01:00:00

Risk Management

Updated Time 2024-09

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

  • Date
  • Institution
  • Percentage
  • Rating

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Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Dubai
  • 621***
  • EURGBP
  • 10-15 03:00:18
  • Hongkong
  • 772***
  • EURUSD
  • 11-04 17:25:04
  • Frankfurt
  • 154***
  • EURUSD
  • 11-04 12:17:44

Stop Out

0.76%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

AvaTrade · Company Summary

AvaTradeBasic Information
Founded2006
HeadquartersDublin, Ireland
RegulationASIC, FSA, FFAJ, ADGM, CBI, FSCA, KNF
Tradable AssetsForex, CFD, stock, commodities, indices, futures, cryptocurrencies, options
Demo Account
LeverageUp to 1:30 (retail)/1:400 (professional)
EUR/USD Spread0.9 pips
Trading PlatformAvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, DupliTrade
Minimum Deposit$100
Payment MethodMasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto
Customer Support24/7 - live chat, contact form, WhatsApp: +447520644093, phone (vary by the region)
Educational ResourcesAcademy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, trading webinars

Avatrade Information

Avatrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, FSA, FFAJ, ADGM, CBI, FSCA, and KNF.

As a market maker broker, Avatrade offers a range of tradable assets including forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options. The broker provides clients with access to multiple trading platforms, including AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, and DupliTrade.

Avatrade requires a minimum deposit of $100 to open an account, and clients can choose from a variety of payment methods including MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto.

Customer support is available via live chat, phone, email, and a knowledge base. The broker also provides a range of educational resources for traders, including academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, trading webinars.

Avatrade's homepage

Is Avatrade Legit?

Avatrade is regulated by multiple financial regulatory authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), the Financial Futures Association of Japan (FFAJ), the Abu Dhabi Global Market of the United Arab Emirates (ADGM), the Central Bank of Ireland (CBI), the Financial Sector Conduct Authority of South Africa (FSCA), and the Polish Financial Supervision Authority of Poland (KNF). These regulatory bodies ensure that Avatrade operates with transparency, integrity, and in compliance with regulatory requirements.

  • Ava Capital Markets Australia Pty Ltd - authorized by ASIC (Australia) registration no. 406684
  • Ava Trade Japan K.K. - authorized by FSA (Japan) registration no. 2010401081157 and FFAJ registration no. 1574
  • Ava Trade Middle East Limited - authorized by ADGM (UAE) registration no.190018
  • AVA Trade EU Ltd - authorized by CBI (Ireland) registration no. C53877
  • Ava Capital Markets Pty Ltd - authorized by FSCA (South Africa) registration no. 45984
  • AVA Trade EU Limited - authorized by KNF (Poland) registration no.693023

Regulated by ASIC
Regulated by FSA
Regulated by FFAJ

Regulated by ADGM

Regulated by CBI

Regulated by FSCA
Regulated by KNF

Pros & Cons of Avatrade

When it comes to choosing a broker, it's important to carefully consider the pros and cons to determine which one is right for you. Some potential advantages of a broker may include competitive spreads, user-friendly trading platforms, and rich educational resources. Additionally, a regulated broker can provide peace of mind knowing that your funds are protected.

ProsCons
Regulated by reputable financial authoritiesSingle account option
Competitive spreads
Multiple trading platforms
Rich and Free educational resources
Access to advanced trading tools and features
Low to no slippage during high volatility
Automated trading allowed

Market Intruments

Avatrade offers a wide range of trading instruments across various markets, including Forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options.

  • Forex: Avatrade offers more than 50 currency pairs, including major, minor, and exotic pairs.
  • Stocks: Traders can trade stocks from major global exchanges, such as NASDAQ, NYSE, LSE, and more.
  • Commodities: Avatrade offers trading in precious metals like gold and silver, energy commodities like oil and gas, and agricultural commodities like wheat and coffee.
  • Cryptocurrencies: This broker offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as lesser-known coins like Dash, Monero, and NEO.
  • Indices: Avatrade provides access to major indices, including the S&P 500, NASDAQ, FTSE 100, and more.
  • Options allow traders to take advantage of currency movements while limiting their risk. With FX options, traders can set a specific strike price at which they want to buy or sell a currency pair, and the option will be exercised only if the market reaches that price. This allows traders to potentially profit from market movements while limiting their potential losses.
Market Intruments

Account Type

When it comes to account types, Avatrade only offers a standard account. This means that all clients will have access to the same features and trading conditions, regardless of the size of their deposit.

The standard account provides access to all of Avatrade's trading instruments, including forex, stocks, commodities, and cryptocurrencies. This means that traders can diversify their portfolio and take advantage of different market conditions, all within the same account.

Avatrade has a minimum deposit requirement of $100, which is relatively low compared to other brokers in the industry. However, there are other brokers that have a lower minimum deposit requirement than Avatrade. For instance, Pepperstone and XM have a minimum deposit requirement of $0 and $5, respectively.

Demo Account

Avatrade offers demo accounts for traders who want to practice their trading skills or test out the trading platform without risking real money. The demo account allows traders to access the full range of trading instruments and features on the Avatrade platform using virtual funds. It is a useful tool for new traders to get familiar with the platform and for experienced traders to test new strategies before using them in live trading. The demo account is available for 21 days and can be renewed upon request.

How to Open an Account?

When it comes to the process of opening an account with Avatrade, rest assured that it is one of the most streamlined and user-friendly experiences out there. Not only is the process simple and straightforward, but it is also designed to ensure that new traders can start their journey with ease.

  • First, you need to visit the Avatrade website and click on the “Open A FREE Trading Account” button, which is prominently displayed on the homepage.
click on the Open A FREE Trading Account“ button

  • Then, you will then be taken to a Sign Up Form where you will need to provide your email address. You will also need to create a password.
fill in required info
  • After filling out the registration form, you will need to verify your identity by submitting a copy of your government-issued ID and a recent utility bill or bank statement. This is a standard requirement for all regulated brokers and is done to ensure the security and integrity of the trading platform.
  • Once your account is verified, you can fund your account using one of the many payment options available, such as credit/debit card, bank transfer, or electronic wallets like Neteller or Skrill. After funding your account, you can download the Avatrade trading platform or use the web-based version to start trading.

Leverage

Avatrade offers leverage of up to 1:400 for forex trading and up to 1:200 for other instruments such as commodities and indices. This means that traders can control a larger position with a smaller amount of capital. However, it's important to keep in mind that leverage can magnify both profits and losses, and traders should use it responsibly and with caution.

Avatrade also offers a range of leverage options for different account types, including 1:30 for retail clients in compliance with ESMA regulations and 1:400 for professional clients. It's important to note that professional clients must meet certain criteria to qualify for higher leverage.

Spreads & Commissions (Trading Fees)

Avatrade offers competitive spreads and charges no commission fees for trading on its platform. The spreads offered by Avatrade vary depending on the trading instrument and market conditions. For example, the typical spread for EUR/USD is 0.9 pips, while for GBP/USD, it is 1.5 pips. Spreads for other instruments, such as indices and commodities, also vary.

However, it's important to note that spreads can vary depending on market conditions and volatility. Additionally, Avatrade charges commissions on certain trading instruments such as CFDs, which can impact the overall cost of trading.

spread-commission

Non-Trading Fees

Non-trading fees are the fees that a broker charges for activities other than trading. These fees can significantly impact the profitability of a trader, and it's important to be aware of them when choosing a broker. Avatrade charges inactivity fee and administration fee. You can find detailed info in the table below:

Fee TypeAmountDetail
Inactivity Fee$/€/£50Charged after 3 consecutive months of non-use (“Inactivity Period”)
Administration Fee$/€/£100Charged fter 12 consecutive months of non -use (“Annual Inactivity Period”)
Additional fees

Trading Platform

Avatrade offers a selection of trading platforms that are designed to meet the needs of different types of traders. Here are some of the trading platforms offered by Avatrade:

  1. AvaTrade Mobile App: This is a mobile app that is available on both iOS and Android platforms. It allows traders to access their accounts and trade on the go.
  2. MT4: Avatrade offers the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its user-friendly interface, advanced charting tools, and a range of custom indicators and expert advisors.
  3. MT5: Avatrade also offers the MetaTrader 5 (MT5) platform, which is the successor to MT4. MT5 has several new features, including more advanced charting tools, a wider range of order types, and improved back-testing capabilities.
  4. WebTrader: Avatrade's WebTrader platform allows traders to access their accounts and trade directly from their web browser. The platform is easy to use and offers a range of trading tools and indicators.
  5. AvaOptions: This is Avatrade's platform for trading options. It offers a range of options trading tools, including risk management tools, and a range of customizable trading strategies.

Trading Platform

Trading Platform

Deposit & Withdrawal

Avatrade accepts MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, and Boleto. The minimum deposit requirement is 100 USD, EUR, GBP or AUD. Deposit and withdrawal processing time very by the method you choose. You can find more detailed info in the screenshot below or directly visit this link: https://www.avatrade.com/about-avatrade/avatrade-withdrawals-deposits.

Payment options

Deposit & Withdrawal

Customer Support

Avatrade offers customer support 24/7 through multiple channels, including live chat, contact form, WhatsApp: +447520644093, phone (vary by the region), and email. They also have a comprehensive FAQ section on their website, which covers a wide range of topics related to the platform and trading.

Contact info

Contact info

Educational Resources

Avatrade offers a variety of educational resources to help traders improve their skills and knowledge. They have a comprehensive educational section on their website that includes a range of materials such as academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, etc. The video tutorials are easy to follow and cover a variety of topics, including trading platforms, technical analysis, and risk management. Avatrade also offers webinars that are conducted by experienced traders and cover a variety of topics. These webinars are interactive, allowing participants to ask questions and receive feedback from the presenter.

educational-resources
educational-resources
educational-resources

Conclusion

Avatrade is a well-established broker with a long history of providing trading services to traders worldwide. They offer a variety of trading instruments, including forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options, with competitive spreads and leverage options. Their trading platform is user-friendly and provides a range of advanced tools and features for traders of all skill levels. Additionally, they provide excellent customer support, educational resources, and a demo account for traders to practice their strategies. However, there are some downsides to consider, such as higher inactivity fees and limited account options.

FAQs

Is Avatrade regulated?

Yes, Avatrade is regulated by multiple reputable authorities, including ASIC (Australia), FSA (Japan), FFAJ (Japan), ADGM (UAE), CBI (Ireland), FSCA (South Africa), and KNF (Poland).

Does Avatrade offer a demo account?

Yes, Avatrade offers a free demo account for traders to practice and test their strategies before trading with real money.

What is the minimum deposit requirement for Avatrade?

The minimum deposit requirement for Avatrade is $100.

What is the maximum leverage offered by Avatrade?

The maximum leverage offered by Avatrade is 1:400.

News

AvaTrade Takes Another Season of Sponsorship with UAE Pro League

NewsAvaTrade Takes Another Season of Sponsorship with UAE Pro League

2024-10-14 17:55

AvaTrade renews sponsorship with the UAE Pro League for 2024/25, promoting online trading awareness and boosting investment opportunities across the UAE.

WikiFX
2024-10-14 17:55
News
AvaTrade Takes Another Season of Sponsorship with UAE Pro League
AvaTrade Introduces AvaFutures for Retail Futures Traders

NewsAvaTrade Introduces AvaFutures for Retail Futures Traders

2024-06-25 14:21

AvaTrade launches AvaFutures, offering retail traders quick onboarding, no hidden fees, and direct access to major global exchanges.

WikiFX
2024-06-25 14:21
News
AvaTrade Introduces AvaFutures for Retail Futures Traders
AvaTrade Launches AvaFuture, Expands into Futures Trading

NewsAvaTrade Launches AvaFuture, Expands into Futures Trading

2024-05-09 14:42

AvaTrade introduces AvaFuture, a new platform for trading futures, offering a range of contracts across various assets.

WikiFX
2024-05-09 14:42
News
AvaTrade Launches AvaFuture, Expands into Futures Trading
Xviral announces its partnership with AVATRADE

NewsXviral announces its partnership with AVATRADE

2024-01-16 18:07

In a groundbreaking move for the online trading community, Xviral has proudly announced its strategic partnership with AVATRADE, creating a synergistic alliance that promises unparalleled benefits for its respective users. This collaboration is set to redefine the landscape of online trading, with both platforms committed to promoting and enhancing each other's strengths.

WikiFX
2024-01-16 18:07
News
Xviral announces its partnership with AVATRADE

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