AvaTrade

Trader Rating
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Steve Miley
Updated: 15 Mar 2022

avatrade review

AvaTrade was founded in 2006 and is a privately held company. They are authorised and regulated by six different global regulatory bodies, which means AvaTrade provides a safe and secure trading environment for their 300,000 registered clients.

AvaTrade has a solid offering of platforms tolos and apps, alongside the usual MetaTrader platforms of MT4 and MT5. Strong standouts of their in-house offerings are; the AvaTrade WebTrader platform, AvaOptions and AvaSocial, plus their mobile app, AvaTradeGO. This solid suite of own brand platforms highlights that AvaTrade are committed to bringing bespoke technology to their client base.

The offering of more than 250 instruments to trade across forex, individual stocks and share indices, commodities and cryptocurrencies, is up there with the better offerings in the industry. Whilst the education offered by AvaTrade is first-rate.

But is AvaTrade the right broker for you? In this AvaTrade review, we’ll be taking a look at everything you need to know about this broker including; regulation, trading platforms and mobile apps, fees, research and education.

Broker Overview

AvaTrade Lower trading fees

Trader Rating
info
Take a look CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
😁 We really liked…
  • Solid regulation
  • Robust in-house trading platform
  • Various social trading options
😕 Could improve...
  • High admin fees for inactive accounts
  • Not particularly competitive on spreads
  • Only a 30-day demo account
General Information
Website AvaTrade
Minimum deposit £100
Account types 4 account types
You can trade Forex , CFDs , Stocks , Social Trading , Crypto , Spread Betting

AvaTrade Review Navigation

Account options

#1 Forex

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£100 Good 1:30 Low

AvaTrade offer their traders access to 55 currency pairs, including majors, minors, and emerging markets. The spreads on offer are in line with the average offered compared across the retail broker market, but are not particularly competitive when compared to the market forerunners.

Forex trading on the AvaTrade platforms allows leverage of up to 30:1 for retail clients, although it should be noted that this maximum level (under ESMA regulations) is only available on designated currency pairs.

#2 CFDs

Trader Rating
info
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£100 Good 1:30 High

A wide choice of CFDs (Contracts for Difference) are available to trade at AvaTrade including: Forex, individual stocks and share indices, bonds, cryptocurrency, Exchange Traded Funds (ETFs) and commodities.

Probably the standout offering for AvaTrade’s clients amongst these asset classes are the 59 ETF CFDs that can be traded. Not a unique offering, but many CFD brokers do not provide the opportunity to trade ETF CFDs. AvaTrade offers up to 5:1 leverage when trading their ETF CFDs.

Another standout is that AvaTrade allow their clients to trade European and Japanese government bond CFDs, with leverage of up to 5:1.

Alongside the Forex and stock offering we cover elsewhere in this review, there are 29 commodity CFDs to choose from, including gold, silver, oil, natural gas, alongside a healthy mix of hard and soft commodities. Leverage on these commodity CFDs is up to 10:1.

#3 Stocks

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£100 Good 1:10 Mid

You can trade over 600 individual share CFDs with AvaTrade, from many of the major global markets, including the USA, UK and Europe. While there are appreciably fewer stock CFDs available than can be found at some of its competitors, with over 600 stock CFDs to choose from and leverage of up to 5:1, this should satisfy most traders.

It should be noted that AvaTrade does not offer direct investing or trading in actual stocks.

#4 Social Trading

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£100 Good 1:30 Low

avatrade social trading

When it comes to social trading, AvaTrade is pushing to be a standout player in the industry, though eToro remain at the forefront of the social trading experience.  AvaTrade offer numerous user-friendly, automated, direct and indirect copy trading options including:

  • MQL5: Integrates with MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
  • ZuluTrade: Online and mobile social and copy trading platform.
  • DupliTrade: Third-party copy platform linked to your AvaTrade account
  • AvaSocial: A social trading app for copy trading on-the-go

This extensive range of leading signal providers, apps and trading platforms means that AvaTrade is pushing to firmly position itself at the cutting-edge of social and copy trading.

The third-party platforms (MQL5, ZuluTrade and DupliTrade) are compatible with MT4/MT5. In addition, Zulutrade is also available as both a browser-based platform and downloadable app for iOS and Android. Integration of your AvaTrade account is incredibly straightforward on these third-party platforms.

AvaSocial is AvaTrade’s foray into the social trading arena, allowing users to follow, chat and copy like-minded traders. You receive real-time updates as your friends and other traders place trades and also have the ability to copy them.

#5 Crypto

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min Deposit App Support Max Leverage Trading Fees
£100 Few 1:2 Mid

AvaTrade offers only a limited number of cryptocurrencies or cryptocurrency pairs to choose from. There are 14 available including; 10 individual coins, three crypto/fiat currency pairs (US. Dollar (BTCUSD), Euro (BTCEUR) and Yen (BTCJPY)) and one cryptocurrency index (Crypto Market Index 10). Compared to its competitors this is a fairly light offering. Leverage is 2:1 for cryptocurrencies.

AvaTrade does not offer direct investment in Bitcoin (or any other coins) as an individual coin.

#6 Spread Betting

Trader Rating
info
Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
App Support Trading Fees
Good High

AvaTrade do not offer UK residents a spread betting account.

What did our traders think after reviewing the key criteria?

Fees/Commissions

Trader Rating
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Like the majority of its competitors, AvaTrade does not charge any deposit or commission fees and it is compensated through the bid/ask spread, i.e. the difference between the buy and sell price of an asset.

AvaTrade’s spreads are near to the average for the industry, for example just under one pip for EUR/USD at 0.9 pip, for the Retail or Standard Accounts. For the Professional Account, the spread on EUR/USD falls to 0.6 pip.

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However, there are some additional trading and non-trading fees that you need to be aware of before signing up, including an inactivity fee and currency conversion fee.

AvaTrade will deduct an inactivity fee from your trading account if you don’t log into your account for at least three months. The currency unit of this fee depends on the currency base of your account £50 (GBP account), $50 (USD account), €50 (EUR account). There’s also a £100 administration fee after one year of inactivity So, unless you’re a fairly active trader, you could get stung by inactivity fees.

AvaTrade supports most major currencies (USD, EUR, GBP, CHF, and AUD), but lacks support for minor currencies. This means that you’ll be charged a currency conversion fee if you make a deposit in a currency that isn’t supported by the broker. While this won’t be a dealbreaker for the majority of traders, it’s something that’s worth bearing in mind.

Fees/ Commissions AvaTrade
EUR/USD average spread 0.9
EUR/USD minimum spread 0.6
Minimum account opening deposit £100
Withdrawal Fee None
Inactivity Fee £50

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