FX Universal Broker Reviews: AvaTrade

History and Regulation

is a quickly expanding multi-national broker with headquarters in Dublin, Ireland. It is regulated under 4 different regimes, in the EU (MIFID), Australia, the British Virgin Islands, and Japan. The company 10 years of history as it was founded in 2006.

AvaTrade is well known for its free automated platform that can work together with various trading software packages.

Offered Products and Platforms

AvaTrade offers almost 50 forex pairs, CFDs, indices, stocks, commodities, forex options, and one of the best coverage of bitcoin (with 20:1 leverage). The firm also gives access to Litecoin and U.S. treasuries making it a greatly diversified broker.

The company provides dedicated platforms for automated trading managed accounts, options, besides its web-trader and Meta Trader 4. AvaTrade supports 17 languages and provides solutions for every type of mobile devices.

Spreads, commissions and other fees

The normal spreads for the retail account start at 3 pips, for EUR/USD, a relatively high sum. With no other trading fees (apart from an inactivity fee) and free transfers the company is still among the cheaper ones, but it’s definitely not the lowest cost choice.

Extra features

  • Comprehensive support for beginners
  • Dedicated ECN platform
  • Trader benefits for more experienced customers
  • 400 : 1 leverage

Our Recommendation

AvaTrade is one of the best brokers if you are interested in automated trading on a wide variety of products. With their beginner program and the wealth of educational resources the company is a good choice for taking your first steps in trading, but also has great things to offer for professionals with sophisticated needs.

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User Ratings for AvaTrade

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