Ava Trade Review

AvaTrade offers a wide variety of trading solutions (spread trading, CFDs, and social trading), and peace of mind with its comprehensive regulation, covering the EU, Australia, Canada and South Africa. Clients can use a variety of platforms for discretionary and automated trading.

Ava Trade Tradable Assets

AvaTrade gives traders and investors access to over 1,250 financial instruments. Thus, both beginners and professionals can choose assets to trade according to their goals, preferences, and cash availability.

• Stocks

  Trade on over 600+ US, Asia, European stocks. They include Tesla, Apple, Alibaba, Vodafone, Microsoft, Walt Disney, Groupon, Uber, Visa, Walmart, Twitter,  Pfizer, Facebook, Netflix, Google, Amazon, American Express, McDonald’s, Spotify, BMW, and Adidas.

• Commodities

  Copper, Palladium, Gold, Silver, Crude Oil, Brent Oil, Natural gas, Gasoline,  Sugar, Soybeans, Coffee C, Lean hogs, Live cattle, Orange juice, Wheat, Corn, Platinum, Cotton, Cocoa.

• Forex

  AvaTrade suggests all the major currency pairs, such as USD, EUR, GBP, JPY, CHF, CAD, AUD, and RUB, but there are also some less popular tradable currencies including Hungarian Forint (HUF), Danish krone (DKK), New Zealand dollar (NZD), Norwegian krone (NOK), South African Rand (ZAR), Poland z?oty (PLN), Swedish krona (SEK), Turkish lira (TRY), and Singapore dollar (SGD). 

• ETFs

  AvaTrade suggests trading a large range of ETFs, which track the dynamics of major markets, such as Energy Select Sector SPDR, United States Oil Fund LP, iShares U.S. Aerospace & Defense ETF, ProShares UltraShort S&P 500, MSCI Canada Index Fund, MSCI Hong Kong Index Fund, MSCI Emerging Markets Index Fund, and Market Vectors TR Gold Miners.

• Indices

  US 500, US 30, CAC 40, DAX 30, FTSE 100, China A50, Spain 35, HSI, OMX 30, Dollar Index, Cannabis Index, FTSEMIB, FTSE Taiwan, US 2000, US Tech 100, India 50, NIKKEI225, SMI, SPI 200, AEX. 

• Crypto

  Bitcoin (BTC), Ethereum (ETH), Dash, Litecoin (LTC), Bitcoin Cash (BCH), NEO (NEO), Ripple, Stellar, Bitcoin Gold, Miota, EOS, Chainlink (LINK), Uniswap (UNI), Dogecoin (DOGE), and the Crypto 10 index.

Please note that the above securities were correct as at the time of publication.
Since then it is likely the above list has evolved.

How Much Leverage does Ava Trade provide?

AvaTrade offers competitive leveraged trading on all its instruments. The leverage depends on assets and the trading platform you choose to work with. Also, note that the max of 400 leverage is available only on some markets. For example, in EU countries, UK & Australia the maximum available leverage is 30.

The following leverage is available:

• x400 for all currencies, excluding RUB (x20) and CNY (x50)
• x200 for US 500, US Tech 100, US 30, Gold, and Gold Jun21
• x100 for indices
• x50 for commodities other than Crude Oil (x100), Brent Oil (x100), Oil May21 (x100), Gold, and Gold Jun21
• x33 for soft commodities
• x25 for BTC
• x20 for ETFs, ETH
• x10 for stocks and indices on MT5, cryptocurrencies BCH, LTC, Ripple, and Crypto 10 Index
• x5 for cryptocurrencies 

Does Ava Trade accept US clients?

Is Ava Trade regulated and are my funds protected?

AvaTrade is one of the most highly regulated online brokers. It is licensed to conduct investment and digital asset businesses by the Central Bank of Ireland (CBI), the Financial Services Commission (FSC) on the British Virgin Islands, ASIC in Australia, the Investment Industry Regulatory Organization of Canada (IIROC), the Financial Sector Conduct Authority (FSCA) and Financial Regulatory Services Authority (FRSA) in South Africa,  Financial Services Agency (FSA) and the Financial Futures Association (FFAJ) in Japan, Abu Dhabi Global Markets (ADGM), and the Israel Securities Authority.

AvaTrade is WebTrust compliant, also it follows KYC procedures, uses 256-bit SSL encryption and McAfee Secure to prevent credit card fraud and identity theft. All clients’ funds are kept segregated from AvaTrade business funds. The company has also adopted the latest ESMA regulations and MiFID II to improve investors’ protection. Moreover, AvaTrade provides negative balance protection on all markets, which means that clients cannot lose more than their deposits.

Although the company is globally regulated, customers still run the risk of losing money as the Financial Services Compensation Scheme (FSCS) doesn't offer them any protection. Only European clients are subject to a deposit compensation scheme from Investor Compensation Company Ltd (ICCL).

Account Opening

Registering with AvaTrade is easy. To do that, just click on the ‘Register Now’ button on the broker’s homepage and fill out your full name, phone number, and email address. You can also sign up using your Facebook or Google. Also, before being able to open any trades, you must verify your account. For that, you need to provide proof of identity (a valid government-issued ID) and proof of address (utility bill).

You can fund your account with a credit or debit card, via wire transfer, or e-payments such as Skrill, WebMoney, and Neteller. Note that e-payments are not available to EU and Australian clients. The minimum deposit via wire transfer is $500 while credit card and e-payment allow depositing $100, or 100 units in the account base currency, which you set when choosing a trading platform.

Account Closing Process

To close your account on AvaTrade, you need to withdraw your money first, then send an email to your account manager or customer service with a request. 100% of your cash must be withdrawn via the same method that you made a deposit, and for the rest, other methods are available. 

Features

AvaTrade offers the following types of accounts:

• Standard account. Such a type of account is available to all users.
• Professional account. This type is available for clients with 12 months of trading activity carrying out about 10 transactions per quarter and a financial instrument portfolio of over €500,000. Please, note that in the UK only professionals are allowed to trade cryptocurrencies.
• Demo account. AvaTrade makes it possible to learn to trade without fear of losing money as one can make test trades in the sandbox environment.
• Corporate account. A legal entity can open such an account for its uses and make trades at an official level.
• Islamic account. This one is not subject to any special fees, called SWAPs, or interest rates that go against Sharia law. Also, cryptocurrency trading is not available on this account.

t takes the following time to complete the repayment:

• Credit / Debit card - up to 5 business days
• Neteller - 24 hours
• Skrill - 24 hours
• WebMoney - 24 hours
• Wire Transfer - up to 10 business days

The trading platforms offered by AvaTrade are:

• WebTrader. It provides around 200 tradable symbols and 90 chart indicators. It requires no download.
• AvaOptions. This platform is for options traders that deposit a minimum of $1,000. It features 40 currency pairs, 13 options strategies, live streaming trades, multi-bank liquidity, and trade sizes from $10,000 to 10 million.
• MetaTrader 4 (MT4). Optimized for forex, it offers automated trading through Expert Advisors. 
• MetaTrader 5 (MT5). It offers 750+ tradable symbols including cryptocurrencies, trading robots (Expert Advisors), trading signals, and copy trading.
• AvaTradeGo. This is a trading application for mobile platforms.

Also, for social trading and copy trading, the service offers such platforms as AvaSocial, DupliTrade, and ZuluTrade.

Commission and charges

Usability

From a visual point of view, AvaTrade is impressive and easy to use with fast command execution. Its powerful and flexible trading platforms are suitable for both beginners and advanced traders. Also, trading has been simplified with a wealth of information, tutorials, explanations, detailed charts, and a large selection of trading tools.  

How to place a trade

Once you open your real account and make a deposit, you are able to execute your first trade. Choose a trading platform, an instrument, and then open a position. Decide on the number of units you want to trade and remember to use stop loss and keep track of your investments.

The AvaTrade platform offers its clients some impressive features and tools, which include:

• AvaProtect. This tool protects FX, Gold, and Silver trades against losses for an additional cost as the fee depends on the duration of protection. Thus, you can get back up to $1 million at the end of the protected period. The tool is available on the AvaTradeGO App and WebTrader. 
• Risk-management tools. AvaTrade offers stop-loss orders, limit orders, and stop-limit orders, which reduce trading risks and secure profits.
• Education. There are learning materials for all levels of traders on the platform. You can also find useful videos on their YouTube channel.
• DupliTrade. This is an automated trading platform that allows clients to copy the actions of top traders directly to their trading account. It is accessible via WebTrader. AvaTrade handles all transactions on the platform. 
• Refer-a-Friend programme. You can earn from $50 to $250 in commission for each connection that deposits a minimum of $500 and opens at least 10 trades within 3 months of signing up.

Does Ava Trade Offer Demo Accounts?

AvaTrade provides free 21-day demo accounts for those clients who want to learn how to trade or to test platforms and strategies in a risk-free environment. The demo balance offers $/€/£ 100,000 virtual money. To open a demo account you need to provide your name, email, and phone number or you can register via Facebook or Google. 

What Are Ava Trade's Opening Hours?

AvaTrade operates 24 hours a day from 10 pm on Sunday till 10 pm on Friday (UK time). However, the broker is closed on weekends, public holidays, and festive days included in the official calendar. Only cryptocurrency trading is available 24/7. Please, note that for some instruments and indices trading hours may differ. To get the relevant information, check the calendar.

Customer Services

At AvaTrade, you can get professional customer service, which is available by phone, email, and live chat in multiple languages whenever the markets are open. If your first deposit is $1,000 or more you will be assigned an account manager who will guide you through your first trades. You can also stay in touch with AvaTrade representatives via social media (Facebook, Twitter, and YouTube).

Does Ava Trade Provide Mobile Trading?

The AvaTradeGO App, which can be downloaded on Google Play and App Store, enables you to trade anytime, anywhere. The application provides full platform functionality giving access to real-time market quotes, social trends monitoring, up to 30:1 leverage, and real-time market trend tracking. Also, purchasing AvaProtect is also possible.

Does Ava Trade Provide Trading Education?

AvaTrade Education center is a perfect place for traders of all levels to learn everything about trading. It provides learning materials on a wide variety of topics including economic indicators, technical analysis indicators, trading rules, online trading strategies, financial instruments, and order types. There are also news reports and articles about assets and companies. Weekly webinars are free and come with translation in multiple languages. 

You can download a free eBook “The Ultimate Guide to CFD Trading”, which explains financial markets, trading rules, and strategies. Also, AvaTrade YouTube channel offers daily and fundamental analysis, market updates, interviews, and trading tutorials. 

Frequently Asked Questions (FAQs)

Is AvaTrade regulated?

Yes, it is regulated in 8 countries including Ireland, Australia, Canada, and Israel.

Is AvaTrade suitable for novices?

New traders can study in the platform’s Education center and get a personal account manager to help with their first steps. 

What are deposit and withdrawal methods?

You can fund your account via bank cards, bank transfers, or e-payments. Withdrawals are made through the same method.

Can AvaTrade steal my money?

The broker doesn’t have access to its clients’ funds. 

Is there any insurance?

FSCS doesn't protect the funds. Only European clients can have deposit compensation.

Conclusion

AvaTrade is a good solution for both professional traders and beginners. It is equipped with numerous trading tools and instruments that can satisfy the requirements of any sophisticated trader. As for newbies, it offers a wide range of educational materials that can facilitate the on-boarding process.

A high level of usability and friendly support are also the features that may attract new investors and traders. In addition, the strict regulations that the platform follows can serve as a protection to the users from relevant countries and ensure the security of their funds.

At the same time, the platform comes with some penalties for inactive users which is a downside for those who don’t plan to spend much time on it. The lack of 2FA, price alerts, and geographical limitations may serve as a stop factor.