Avatrade is authorised by the following tier-1 regulators: the Japanese Financial Services Authority (JFSA) and Australian Securities & Investment Commission (ASIC),and via Friedberg Direct,with the Investment Industry Regulatory Organization of Canada (IIROC).
Avatrade main features
▪ Broker Name: Avatrade (Formerly AvaFx)
▪ Founded: 2006
▪ Company Office: Ireland,Australia,Japan,British Virgin Islands
▪ Regulated by: CBoI,ASIC,FSB
▪ Instruments: Forex,CFD,Cryptocurrency,Stocks,Options
▪ Minimum Deposit: $100
▪ Platform: Metatrader 4,Metatrader 5,Web Trader,Mobile Trading,The AvatradeAct Platform
▪ Hedging: Yes
▪ Scalping: Yes
▪ Max leverage: 1:400
▪ Islamic Account: Yes
▪ Base currency: USD,GBP,EUR,AUD
Average Spread
EUR/USD: 0.9 Pip
GBP/USD: 1.6 Pip
USD/JPY: 1.1 Pip
Fees and Spreads
There is an initial minimum deposit of US Dollar 100 when opening an account.
AvaTrade fees and spreads depend on the type of financial instrument being traded in addition to the account type, with spreads that start from as low as 0.03 pips.
AvaTrade has trading fees that are both transparent and easy to calculate, in addition to the provision being made for a trading calculator that can be used by traders to calculate the costs more accurately they will incur when trading financial instruments.
AvaTrade provides a comprehensive summary of fees along with a spread list which can be found under the Trading Conditions & Charges section on the website. This spread list indicates the spreads according to each financial instrument provided by AvaTrade.
The spreads and commissions, where applicable, pertaining to each asset class can be viewed as follows:
🥇 Forex from 0.9 pips with a 0.25% margin and leverage up to 1:400 which is subjected to the financial instrument being traded.
📊 Stocks which have a spread from 0.13%, a margin requirement of 10%, and leverage up to 1:10.
💱 Commodities with a spreads that start from 0.34 pips on Gold. Both margin and leverage will depend on the commodity being traded.
📈 Indices these fees depend on the index.
🗺️ FX Options spreads start from 0.9 pips with the margin and leverage subjected to the instrument being traded.
🔥 ETFs spreads from 0.13% with a 5.00% margin and leverage up to 1:20.
👛 Bonds from 0.03 pips on EURO-BUND with a 5% margin and leverage of 1:20.
💰 Cryptocurrencies with spreads from 0.35% over market with margin and leverage depending on the crypto being traded.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed
Account Types
Basically Avatrade only has one main account type for traders, Traders have all access to all platform options on offer. The account only requires a minimum deposit of $ 100
▪ Standard Account
▪ Corporate Account
▪ Islamic Account
This is choice of account type that can be activated by an account manager after you have finished registering for a real account.This account option support swap-free trading.
Trading Platform
Avatrade offers a choice of attractive platform that are suitable for most traders.The Metatrader 4 platform is the main application used by Avatrade.They offer both fixed and floating spread versions.Avatrade also offers a browser version of their platform.For mobile traders,Avatarde has created a mobile application called AvaTradeGO which is available for both iOS and Android users.
Deposit and Withdrawal
Avatrade offers the clients a variety payment methods.Clients may fund their accounts with Bank Wire Transfers,credit cards (VISA,MasterCard and Debit),and numerous forms of E-Wallets such as Fasapay,Paypal,Neteller,Skrill and web money.The minimum initial deposit account is $100.
If you making withdraw request,it will take up to 5 business days to process,you can withdraw your funds via the same methods used for deposits.
Mobile trading apps
AvaTrade's proprietary apps provide a mobile experience that will satisfy most traders (including beginners), though they aren’t quite as advanced as the mobile apps provided by category leaders such as Saxo Bank, CMC Markets or TD Ameritrade (U.S. residents only). That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps.
Apps overview: AvaTrade provides its own proprietary mobile platforms, AvaTradeGO and AvaOptions, as well as the full MetaTrader suite (MT4 and MT5) for Android and iOS devices.
Ease of use: The AvaTradeGo app closely resembles its web counterpart, and features a robust default set of syncing watchlists as well as a volatility protection feature called AvaProtect. AvaProtect allows a trader to reduce the risk on an open trade by partially hedging their position with a forex option – for an added cost.
