FX Universal Broker Reviews: AvaTrade 7


History and Regulation

25
AvaTrade
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.

Click here to instantly start trading with AvaTrade >>
Let us know what you think about AvaTrade and rate your experience in the comments section!

User Ratings for AvaTrade

Design
3
Spreads
3
Support
2
Overall Rating
2
Average
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7 thoughts on “FX Universal Broker Reviews: AvaTrade

  • Merill Brooks

    Ava trade is not a very good broker in my opinion because of their very high spreads. They do not provide good trading conditions to traders and so I have personally decided to stay away from this broker

  • Juliane

    I have been trading on the forex since a couple of months. So far my experience is good. I’ve made some reasonable gain and have withdrawn some part of my investment via skrill and it took 2 days to receive back in my skrill account. I was worried reading the reviews about them on various websites so i tested the withdrawal process. I only trade currencies with the mt4 platform and they have a lot of cool options. I am not satisfied with their customer service and the chat is always off but so far i have no complaints about Avatrade.

  • Subash

    I have been trading with Avatrade trade on the forex for a couple of months. So far my experience is good. I’ve made some gains and have withdrawn a part of my investment via a digitally money companies like skrill and Neteller and the funds were in within 2 days. I was worried reading the reviews on this site so I tested the withdrawal process. I only trade currencies with the mt4 platform and they have a lot of cool options. I suspect not so good customer service and the chat is always off but so far i have no complaints about it.

  • Richard Obrien

    Execution is really fast. They have never deleted any profits or trades from my account. Withdrawal processed took 24 hrs and funds were remitted to my bank in 3 days ( 4 days in total ) They still need to improve their corporate image (i.e. website) and they should not outsource their 24hr customer service with (live person). On few instruments the spreads are high, but if you don’t jump into all trades without a clear strategy, you can earn the spread back. They have a large office in IFSC-Dublin
    None of the OTC brokers are perfect out there, but I would still support Ava Fx with my spreads and let them reinvest into to customer service and corporate image.
    For the above reason, I give an Average rating for this broker.

    Don’t blame the broker for your loss, Like Benjamin Franklin said “I didn’t fail the test, I just found 100 ways to do it wrong”

  • TJ

    Avatrade is regulated in Ireland and this broker is one of my favourite brokers for few reasons. Avatrade offers both floating and fixed spreads so you can use according to your requirements also they provider support in multiple languages and their staff is well trained and solve your issues most of the time on the spot. The thing I don’t like about them is that their withdrawal process is slow and takes more time as compared to other top brokers but overall they process withdrawals smoothly. I have been dealing with this broker since last 2 years and have successfully deposited and withdrawn funds so many times. Besides slow withdrawals there is no other issue I have faced with this broker.

  • Summer fun

    Avatrade is an average broker. Their spreads are very wide as compared to other brokers. This broker is one of the few brokers who accept deposits through paypal and maybe for this reason some traders are attracted towards this broker. They were working earlier as avafx but now they have changed their name. Anyhow for me this is below average broker and not a good choice for top traders.

  • AbcFX

    The only thing I like about this broker is that their customer support is very good and is available 24 hours but otherwise spreads are very wide and it is not good choice for scalpers. For the traders who want to make money through rebates and commissions, avatrade is not a good choice .