Pros
  • Negative balance protection
  • Competitive Spreads at just 0.8 pips
  • Up to 500:1 leverage on currency pairs
  • High quality educational materials and daily market analysis
  • Best in class customer service – 24/5 multi-lingual live support
Cons
  • No stop-loss

Reviewed broker: AvaTrade (previously known as Avafx)

Established in 2007

Regulation: 

AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877).
AVA Trade Ltd is regulated by the B.V.I Financial Services Commission.
Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684).
Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984).
Ava Trade Japan K.K. is licensed and regulated in Japan by the Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574).
Ava Trade Middle East Ltd is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018).
DT Direct Investment Hub Ltd. is regulated by the Cyprus Securities and Exchange Commission (No. 347/17).
ATrade Ltd is regulated in Israel by the Israel Securities Authority (No. 514666577).

Operated by AVA Trade EU Ltd

Location: Ireland

USA traders are not accepted

AvaTrade is considered a ‘Market Maker’, with its own in-house dealing desk.

AvaTrade Trading Conditions and Features

Accounts Types: demo, real

Demo account: yes, with $100,000 virtual money 

Maximum leverage: 100:1

One click capabilities: yes

Expert advisors: yes

Automated trading: yes

Social trading: yes

Spread types: floating, fixed

Floating spreads start from 1 pip on EUR USD

Fixed spreads start from 3 pips on EUR USD 

Order types: market orders, limit orders, entry stop and entry limit orders, stop orders and trailing stop orders

Minimum lot size: 0.01

Maximum leverage: up to 400:1

Minimum margin requirement: 0.5%

AvaTrade, the world’s leading forex & CFD broker, is proud to partner with Manchester City. Trade on 250+ instruments including 24/7 cryptocurrency trading including Bitcoin.

Trading instruments: Crypto including Bitcoin, commodities, equities, exchange traded funds, bonds, indices

Forex market is the world’s most traded market with a daily trading volume of $5 trillion USD.

Compared to pricing leaders such as Octafx and Liteforex, AvaTrade ranks Best in Class for Commissions and Fees in 2023.

Why Trade Forex with AvaTrade?

  • Trade with confidence – AvaTrade is an internationally regulated broker.
  • 50+ currency pairs – Trade major, minor and exotic pairs.
  • Competitive Spreads – Starting at just 0.8 pips.
  • Powerful Platforms – Manage your trade manual or use automated trading.
  • Leveraged Trading – Up to 400:1 leverage on currency pairs.
  • Master your trading skills – High quality educational materials and educational content for beginners & daily market analysis.
  • Best in class customer service – 24/5 multi-lingual live support.

AvaTrade delivers top-notch online forex trading experience. Open your account now to enjoy yours, or try risk-free demo account.

Trade cryptocurrencies with AvaTrade

AvaTrade offers competitive spreads, with no commissions charged on transactions making it more profitable. When trading with AvaTrade you are trading on the price changes of the digital coin, and not physically purchasing it. Trading with AvaTrade ensures that you will trade with a 100% reputable broker. More reasons to trade cryptocurrencies with AvaTrade today are:

  • Start trading with as little as $100
  • Benefit from a wide range of top traded cryptocurrencies on the market
  • Competitive swap rates
  • All pairs can be shorted
  • Up to 20:1 leverage
  • Around the clock service and support in 14 languages
  • Live quotes and charts for your reference
  • Various trading platforms for all level traders
  • Powerful MT4 Platform and AvaTradeGO, the newly linked mobile app. 

Avatrade Trading Platforms

WebTrader – No Download, No Limit Trading

From its easy-to-use interface and modern design, this platform is simple to use and is suitable for both beginners and advanced traders. No need to download or install anything!

Why WebTrader?

This platform is perfect for people who want a simple user experience, with all the critical functionality directly from a web browser. You can access a wide selection of studies and indicators and get timeframes up to a month. Be sure to use Trading Central, which comes fully integrated into the platform, for technical insight and instant pattern recognition. No installation required and it’s available on any computer on any browser.

Use the Wisdom of the Crowd

Buy and sell assets in seconds, and make educated decisions based on live market sentiment. Get accurate data on what AvaTrade’s community are buying or selling in real time and stay on top of the market without having to spend time on conducting your own technical or fundamental analysis.

Take Control of the Markets

WebTrader gives you amazing features like AvaProtect™, a risk reduction tool which allows you to protect your trades from losing. Also set market and pending orders, take profit and stop loss, the option to partially close your positions, view trading history and charts. Open, close and edit individual and aggregate positions at the click of a mouse. 

AvaTradeGO – Innovative technology at your fingertips

Voted no. 1 Best Forex Trading App by the Global forex Awards. Connect to global trading markets with live feeds and social trends, and reduce your risk with AvaProtect™ – the unique protection technology.

See your trades at a glance, create your own watch lists, and view live prices and charts. Choose from over 1,000 instruments to trade, including the world’s top Forex trading pairs, Commodities, Stocks, Cryptocurrencies and more, all in the palm of your hand.

Worried about losing on a position? AvaProtect™ has you covered. Choose the AvaProtect™ feature on the AvaTradeGO app, or from WebTrader, when executing your trade and experience total peace of mind during the protected period.

Trading Made Simple

There’s a reason AvaTradeGO has been voted no.1 Best Forex Trading App 2020*. See for yourself. Enjoy a smooth trading experience with a sophisticated dashboard, complete with a set of intuitive management tools, clear charts, zoom for details, and many more helpful features unique to this app.

Market Trends – Exclusive Technology to AvaTradeGO

Watch markets develop in real time with this incredible feature, a quick way to monitor social trends from the AvaTrade vibrant traders community. Its technological capabilities help you gain access to key financial information for clear analysis on what matters today.

To help you make better and accurate decisions all your trading instruments are connected to show you insights, what other traders buy & sell, trading behaviour, and visuals with up-to-date info.

Trading with the MetaTrader 4

A Seriously Good Trader Needs a Seriously Powerful Platform – This is the MT4

Meet the MetaTrader 4

MT4 has been around since 2002 and since become the industry benchmark in online trading. Easily customisable, it is both user-friendly for novices, and comprehensive, for seasoned market pros.

MetaTrader 4 Features

  • Flexible and fast trading platform
  • Trading signals from top providers
  • Expert advisors for algorithmic trading
  • Global accessibility from PC, web & mobile

Why Use AvaTrade MetaTrader 4?

Robust Platform
Open an account and trade on the most popular, and powerful retail platform for trading financial assets online. AvaTrade MT4 is ultra-reliable and is optimised for trading in all market conditions. It is also fully functional on both fast and slow internet connections. 

Analytic Capabilities
MT4 has numerous features that allow traders to perform comprehensive price analyses on their preferred financial assets. From multiple timeframes and flexible, interactive charts to graphical objects and numerous built-in indicators, the AvaTrade MT4 ensures you are able to identify optimal prices to enter and exit your trades.   

MetaTrader 4 Expert Advisors
MT4 supports automated trading by allowing traders to easily use, build, modify, buy, rent or sell EAs (expert advisors). The MQL4 and MQL5 marketplaces are home to thousands of codebases, modules, and even freelance developers who can help you to get on top of automated trading. 

MetaTrader 4 Expert Advisors
Pieces of code that are downloaded or programmed for the purpose of automated trading.

Guardian Angel
AvaTrade MT4 features a powerful risk assessment add-on, Guardian Angel. This free tool delivers instant feedback on your trading actions, helping you to learn and improve your trading skills as well as your decision making in the market.

User-friendly
The MT4 platform is very easy for both beginners and experienced traders to use. It features powerful functionality, but its design and interface are uncluttered and intuitive. The platform is neat, and traders can easily access all relevant tools and information, such as prices, indicators, and charts.

Hedging Permitted
Hedging is allowed by default on AvaTrade MT4. Hedging is a useful strategy for many traders because it can help protect them from market uncertainties, such as extreme volatility.

Multiple Devices
Access AvaTrade MT4 on your PC, iOS, or Android devices, as well as directly on the web. Cross-device accessibility can be done using a single login, which enhances flexible and convenient trading when compared to the best forex brokers.

Here are the main features of the AvaTrade MetaTrader 4 trading platform:

  • One-click trading – A single click to open or close trade positions in the market.
  • EA functionality – Deploy automated trading strategies with ease and efficiency.
  • 9 timeframes (M1, M5, M15, M30, H1, H4, Daily, Weekly, and Monthly) – Enhance your trading activities by capturing optimal prices on shorter timeframe charts, while also watching the bigger picture on longer timeframe charts.
  • 3 charts (line, bar, and candlesticks) – Direct trading from asset price charts. Visualise price action by shifting through different chart types with just a single click.
  • 30 built-in indicators – Perform extensive technical analysis of asset prices using the different types of available mathematical indicators.
  • 24 graphical objects – Perform further graphical analysis on your charts using lines, geometrical shapes, arrows, texts, and text labels.
  • 1 single login across all your trading platforms – Trade flexibly and conveniently by seamlessly transitioning between your mobile and desktop devices, using a single login.
  • Guaranteed full data backup and security – Save and backup a copy of your MT4 installation and restore it on any device as you wish.
  • 4 pending order types – Trade flexibly across various market conditions and asset classes using pending orders, such as buy stop, sell stop, buy limit and sell limit.
  • Trade history information – Assess your trading performance by looking at the comprehensive available trading history.
  • Micro lots available – Use micro-lots if you are a new and inexperienced trader, or if you wish to control risk, or if you have low starting capital.
  • Internal mailing system – Receive important information from AvaTrade without leaving your trading platform.
  • News streaming – Stay on top of important economic news releases and events via the platform.
  • Built-in MT4 and MQL4 guides – Build your knowledge of MT4 navigation, as well as MQL4 by taking advantage of the free resources on your platform.

Trading with MetaTrader 5

MT5 is a state-of-the-art, multi-functional platform that boasts advanced auto trading systems, technical tools and copy trading. MetaTrader 5 is designed to accommodate advanced trading across a wider selection of asset classes than its predecessor, the MT4. Feature-rich, it boasts advanced tools, and offers superior execution.

More indicators, more market orders, more instruments – MT5 provides the professional trader with everything they need to succeed in today’s dynamic markets. Yet, the similar layout ensures a smooth transition from the market benchmark, the MT4.

Why Use AvaTrade MetaTrader 5?

The most powerful platform in the world
Open an account to trade with competitive spreads on arguably the world’s most powerful and advanced platform.

Analytic abilities
MT5 platform offers a wealth of powerful analytical tools on multiple, flexible and interactive charts.

Easy accessibility
Access MT5 with ease from your PC, iOS or Android devices, as well as directly on the web.

MetaTrader 5 expert advisors
Create your own algorithmic hands-free or automated trading robots or download them from the store.

Secure
MT5 offers a high-level of security. All data transfers are compressed and encrypted based on 128-bit keys.

More assets, more opportunities
MT5 offers an unlimited choice of shares, commodity, index and ETF CFDs, as well as Forex and Cryptocurrencies.

User-friendliness
All your trading functions from a single menu. You can also place your most frequently used commands on the toolbar.

Automated trading platforms

Using automated trading platforms, you can mirror or copy the trades of other often more experienced traders. You can fully automate your trading this way and it gives you the opportunity to trade, even as a complete beginner. For more advanced traders, it is a great way to not have to sit and watch your screen all day long. We offer a variety of different auto trading products to our clients, and we also support expert advisors trading bots for MT4.

  • Are online trading platforms safe?

While some prospective traders may have some concerns regarding the safety and security of the online trading platforms, the truth is there is no need for such concerns. These platforms have been developed with the best security practices in mind, and have been tested to ensure they are free from dangerous bugs or malicious code. Industry experts have stated that online trading with these platforms is just as safe as traditional offline trading with financial institutions.What is the cheapest trading platform?

All of the trading platforms offered by AvaTrade come without any costs or strings attached. That means you are free to download one or all of them, and it won’t cost you a thing. Not only that, but you’ll also find the spreads at AvaTrade are some of the best in the industry, which means not only do you get free access to our trading platforms, you also get some of the cheapest trades in the industry. Or give our demo platform a try where you can trade with virtual currency and keep everything free.

Each trading platform has its own set of tools, but in general you’ll find the most popular technical indicators available on any trading platform. That means things such as moving averages, MACD, relative strength, and Fibonacci studies should be found on most every trading platform. You will also be able to draw your own trend lines, and support and resistance levels. Each platform will also come with a set of order types, and most will include such features as stop losses and pending order types. Because each platform is different it can be good to test them before committing to one specific platform.

AvaSocial – taking social trading to the next level

Use the AvaSocial app to learn from the world’s best experts, before making your move. Connect with your peers and automate your trades. Perfect for both beginners and advanced.

An App for All Levels

AvaSocial is perfect whether you are a beginner or an experienced trader. Novice traders can gain exposure to the markets while learning! Shorten the learning curve by following expert traders who can provide valuable insight. Experienced traders can save time by getting a clear view of the market, without having to perform daily research. Broaden your horizon by gaining exposure to assets you don’t normally trade. Automate your trades and step away from your terminal; feeling confident in the strategies you are following.

The Latest Innovation in Social Trading

AvaSocial sets a new standard in social trading technology. With the AvaSocial mobile app, you can follow, and copy the trades of the very best traders. Use the wisdom of the experts, ask questions to your mentors or groups, and discover new and powerful strategies.
Simply put- with AvaSocial, you will never trade alone again.
AvaSocial is offered in partnership with FCA regulated Pelican Trading.

Copy Trading Made Simple

Easily discover the most successful traders and qualified mentors, ask them questions 1-on-1 or in a group chat, then copy their trades with a tap.

  • Learn to Trade with The Best
    Enjoy your own transparent network of like-minded traders, chat with friends and receive direct access to market opportunities all while staying one step ahead of the herd.
  • Real-Time Trading Signals
    Receive continuous real-time updates about your friends and experienced traders on your newsfeed, see what they’re doing, then comment, share, like a trade or simply copy trading signals.
  • A New Way to Share Your Best Trades
    Want to increase your following or just proud of a big win? AvaSocial lets you celebrate your success with an image you can post across your entire social media network, including Facebook, Instagram and Twitter.
  • Earn Awards for The Trades You Do Everyday
    Whether you close a big profit, use social features on the app or enjoy a winning streak, you’ll receive special awards to fill your digital trophy case and show others how far you’ve come.
  • Hundreds of Markets- 24/7
    Trade with friends, stay motivated, get inspired. Rethink the way you trade forex, indices, commodities, shares and crypto by communicating with other traders in a truly pioneering 24/7 trading environment.

More Advantages with AvaSocial

  1. Question other traders, challenge or inverse your friends’ positions
  2. Find, follow, join or even create your own trading networks and grow your trusted community
  3. AvaSocial in partnership with Pelican Trading is fully regulated to allow traders to sell their own trading signals and charge others for group access

Set Up AvaSocial In Minutes

  1. Download AvaSocial
  2. Create your social account
  3. Enter your MT4 login details
  4. Tell us in what asset you are interested in (FCA requirement)
  5. Fund your AvaSocial account
  6. Start copying

Avatrade Trading Conditions 

AvaTrade’s Trading Signals

In the fast-paced world of trading, staying ahead of the game is crucial. It requires constant vigilance, analysis, and the ability to identify profitable opportunities amidst market fluctuations. Fortunately, AvaTrade has introduced a ground-breaking feature that will revolutionise the way you trade – AvaTrade’s Trading Signals. Whether you prefer the user-friendly AvaTrade WebTrader or the acclaimed AvaTradeGo platform, this innovative tool, powered by the experts at Trading Central, is designed to help you effortlessly identify high probability trading opportunities.

What sets AvaTrade’s Trading Signals apart from the rest? Let’s delve into the features that make this tool a game-changer:

Comprehensive Analysis:

Trading decisions should never be based on guesswork. AvaTrade’s Trading Signals provide you with detailed analysis for each signal, offering a clear explanation of the reasoning behind it. This valuable insight empowers you to make informed decisions and take advantage of profitable opportunities with confidence.

Valuable Insights:

To succeed in trading, you need access to accurate and timely information. AvaTrade’s Trading Signals deliver valuable insights, giving you a comprehensive view of the asset to trade, the suggested trade direction, current price, and potential scenarios for both buying and selling situations. Armed with this knowledge, you can make strategic moves and optimize your trading performance.

Key Levels:

Navigating market trends can be challenging, especially for inexperienced traders. AvaTrade’s Trading Signals incorporate key levels, which simplify your decision-making process and help you understand possible trends. By analysing these key levels, you can determine whether to enter a BUY or SELL position with greater confidence, enhancing your chances of success.

Automatic Take Profit and Stop Loss:

Setting take profit and stop loss levels manually can be time-consuming and prone to human error. With AvaTrade’s Trading Signals, bid farewell to this hassle. Each signal recommendation automatically includes these crucial details, saving you precious time and ensuring that your trades are protected. Furthermore, you have the flexibility to adjust these levels according to your trading strategy and risk tolerance.

Seamless Integration:

Trading should be convenient and accessible, regardless of your preferred platform. That’s why AvaTrade’s Trading Signals are seamlessly integrated into both the AvaTrade WebTrader and AvaTradeGo platforms. Whether you choose to trade on your desktop or on the go, you’ll have access to the same valuable data. This integration ensures a consistent and user-friendly trading experience across all devices.

With AvaTrade’s Trading Signals, you can unlock a world of trading opportunities with ease. Don’t miss out on this chance to gain a competitive edge in the market. Start using this game-changing tool today and elevate your trading success.

Avatrade Review:  Payment Methods

Payment methods: credit cards, wire transfer, Paypal, Neteller, Skrill, Webmoney. There is also an option to register for Ava Debit Mastercard

Minimum deposit requirement: $100

Avatrade Review:  Educational Forex Trading Learning Material and Customer Support

Educational material: educational articles, webinars, daily market analysis

Trading for Beginners

An introduction to the online trading world, with all the basics you need to know.

Sharp Trader

The premium educational site, with unique materials for traders from beginner level to advanced.

Forex eBook

Enjoy Avatrade ‘s free eBook, ‘Forex Trading Strategies’, leading you step-by-step from novice to expert.

Trading Video Tutorials

Broker’scomprehensive video section is divided per level, insuring you find your place in the trading world.

Ava Select VIP club for exclusive trading benefits fo traders with deposit of $100,000 and above

Customer support: Reliable support team are available by phone, email and live chat, so you’ll always have someone to talk to – in your language – whenever the markets are open.

Latest Promotional Bonuses

Ava Select VIP club: exclusive trading benefits fo traders with deposit of $100,000 and above

Promotions and bonuses: up to $10,000 welcome bonus (the promotion was listed at the time of the review)

Make Mondays Better With AvaTrade’s ‘Ultimate Guide to Trading’ eBook!

Avatrade knows that trading is all about identifying opportunities and acting on them at the right time. The ‘Ultimate Guide to Trading’ eBook will teach you a variety of ways to identify opportunities, including:

  • How to spot a trend, and how to trade a trend
  • Incorporating indicators into your technical analysis
  • Generating signals and then confirming them

As this information is invaluable for any trader, we hope that this eBook can help you achieve a special kind of Monday.

All you have to do is open an account with AvaTrade and the eBook is yours!

FAQ with Avatrade Forex Broker

By which method can I withdraw from Avatrade Broker?

Due to anti-money laundering regulations, we always return funds to the same source from which you deposited. Please note that you may need to withdraw up to 200% of your deposit to your credit card, any more than that you may withdraw by another method in your own name as you instruct.

For example, if you deposited $1,000 by credit card and made a $1,200 profit, the first $2,000 you withdraw must go back to the same credit card, before you can withdraw the profits by a different method, such as wire transfer, PayPal* and other e-payment methods (for non-EU clients only). 

What is the minimum amount at Avatrade I need to deposit in order to open an account?

The minimum deposit amount depends on the base currency of your account*:

Credit card

  • USD account – USD $100
  • EUR account – €100
  • GBP** account – £100
  • AUD** account – AUD $100

Wire Transfer

  • USD account – USD $500
  • EUR account – €500
  • GBP** account – £500
  • AUD** account – AUD $500

*Exception: In the event you use a 3rd party system please refer to your account manager for further details on the minimum deposit needed. 

**AUD is only available for Australian clients, GBP is only available for clients from the UK. 

What platform choices are available with Avatrade?

AvaTrade offers clients to trade on the MetaTrader 4 platform. This platform is very user friendly, and offers greate leverage for trading FX (400:1). This is only favourable for clients who possess sufficient risk appetite for such leverage.

Do I own cryptocurrencies with AvaTrade?

No. Cryptocurrencies are traded either as a Forex pair (such as the BTCEUR) against other currencies, or as individual’s assets CFD (contract for difference). In any case, you don’t own the asset but only trade on its value.

How was the rating of Avatrade performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Avatrade FX broker performance and features. 

Overall our online Avatrade review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Avatrade or you find inaccurate details Avatrade broker review please get in touch with us and the changes will be applied.  

© ForexExplore.com 2007 – 2024 Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2024, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.