Ava Trade

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AvaTrades Review 2023

Written by: Adam N. Updated:Dec 2022
Expert verified
Recommended for
  • forex trading 3.9/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
711 people chose this broker in the last 6 months
BrokerChooser Score
4.3/5

AvaTrade review summary

AvaTrade is a global forex and CFD broker. Account opening is easy and fully digital. AvaTrade offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools. On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. BrokerChooser gave AvaTrade a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Is AvaTrades a legit broker?

See how ActivTrades is regulated and whether you should have any concerns using it.

AvaTrades is available in Pakistan

71% of retail CFD accounts lose money

AvaTrades pros and cons

Pros

Cons

AvaTrades main highlights

๐Ÿ—บ๏ธ Country of regulation

Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel

๐Ÿ’ฐ Trading fees class

Low

๐Ÿ’ฐ Inactivity fee charged

Yes

๐Ÿ’ฐ Withdrawal fee amount

$0

๐Ÿ’ฐ Minimum deposit

$100

๐Ÿ•– Time to open an account

1 day

๐Ÿ’ณ Deposit with bank card

Available

๐Ÿ‘› Depositing with electronic wallet

Available

๐Ÿ’ฑ Number of base currencies supported

6

๐ŸŽฎ Demo account provided

Yes

๐Ÿ›๏ธ Products offered

Forex, CFD, Crypto

Fees

3.7
ย AvaTrade has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high.

Account opening

5.0
Account opening at Avatrades is seamless and fully digital, taking just a few minutes to complete and verified within one business day.

Deposit and withdrawal

4.5
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days.

Web trading platform

3.8
AvaTrade’s web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.

Mobile trading platform

4.7
AvaTradeGo is a modern, easy-to-use app with a decent set of features, including the AvaProtect insurance scheme. However, order types are limited and the app comes only in English.

Desktop trading platform

3.4
In design and function, AvaTrade’s MetaTrader 4 desktop platform is almost the same as the MT4 web platform. A big difference is that you can set price alerts on the desktop platform.

Markets and products

2.3
AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn’t offer other popular asset classes such as real stocks.

Research

4.6
AvaTrade has user-friendly research tools, from trading ideas to a nice news feed. The only thing we missed was fundamental data on stocks.

Customer service

5.0
Avatrades offers several customer service channels. We found the live chat to be fast and relevant, and emails are also answered within a day. We missed however 24/7 availability.

Education

5.0
AvaTrade is packed with lots of quality materials to educate yourself, and also offers a demo account.

Safety

4.4
AvaTrade is overseen by a number of regulators. It’s a well-established brand but is not listed on any exchange, does not disclose financial information and does not have a bank parent.