AvaTrade Cryptocurrency Review 2022: Fees, Platforms, App, Safety & More

A complete AvaTrade review. We explore its features, trading fees and commissions, deposits, and withdrawals, including supported methods of payment. We also tell you how to open an AvaTrade account, the broker’s security features and regulations; and available investment options.

Author: Edith Reads   -   Last updated: 05/08/2022
Avatrade logo

Summary

Founded in 2006, AvaTrade is an online brokerage dealing in different tradable instruments including Forex, Stocks, Cryptocurrencies, Indices, and Commodities. Its headquarters is based in Dublin, Ireland, besides the regional outlets and sales offices in Paris, Tokyo, Sydney, and Milan. AvaTrade is popular for various reasons including a modern platform, and low spreads.

Currently, over two million trades each month and the broker boasts of over 200,000 registered clients around the world. Our review provides a cross-sectional outlook of the broker including fees, trading, verification, supported coins, reviews, bank accounts, customer support, CFD trading, demo account, trading platforms, mobile app, and deposits.

Pros & Cons of AvaTrade

Advantages of AvaTrade

  • Good user-experience.
  • Low and transparent trading charges/ fees
  • Friendly customer support
  • Reliable research tools
  • World-class mobile trading app
  • Wide portfolio

Disadvantages of AvaTrade

  • High inactivity charges
  • Not listed in any known exchange
  • Exclusion of certain countries
  • Inaccessibility of financial performance data

Pros

  • User Experience: The simplicity of the platform makes it easy to trade and navigate seamlessly, making it ideal even for new and inexperienced traders.
  • Low Trading Fee: Besides the other positive attributes, AvaTrade’s trading fees are competitive and in line with the market standards. They are low compared to what other platforms charge.
  • Customer support: AvaTrade has a 24/5 multilingual support team whose response to clients’ needs is remarkable.
  • Research Tools: Pro traders can execute trades conveniently with aid of these research tools. The tools provide a window into the market hence, facilitating strategic trading and giving an edge to traders.
  • Account Opening: The average turnaround time for opening a trading account at AvaTrade is one day. Potential clients may consider this to be a sign of an efficient broker.
  • Mobile Trading: AvaTradeGo mobile app provides the convenience of trading and accessing the platform directly from their phones, and at whatever time they want. The mobile app is compatible with phones running on IOS and android operating systems.
  • World-Class Learning Resources: Compared to the other brokers, the entry course provided to new traders is in a different league. It’s one of the best in the market. The broker uses a third party, SharpTrader, to provide education to new entrants
  • Market insights: In 2020, AvaTrade entered into a partnership with Trading Central and started offering intelligence and market insights directly to clients. Traders can access the two products on desktops (WebTrader) mobile apps (AvaTradeGo) or get insight through SMS, email, and push notifications.
  • Fast withdrawals: When withdrawals are made via e-wallets, the cash is cleared in 24 hours. However, when using other methods of withdrawal such as credit & debit cards, and bank transfers are processed in 5 and 10 days respectively.
  • Copy-trading: If you’d want to learn from pro traders as you copy their trades, then you should consider investing with AvaTrade. The platform sources its Copy trading data from money managers, pro brokers, and hedge funds. When you copy trade, you’re simply accessing trades of seasoned traders. Copy Trading is also called Social Trading.

Cons

  • Inactivity Fees: Failure to log in to your account for three months attracts an inactivity fee which is deducted from the account. The amount charged depends on the base currency of the account in question. Below is a list of the inactivity fee charged on GBP, USD, and EUR accounts:
    GBP Account: 50 Pounds.
    USD Accounts: $50.
    EUR Accounts: 50 Euros.
    Inactivity of 1 year attracts an administration charge of 100 Pounds, 100 USD, and 100 Euro for GBP accounts, USD accounts, and Euro accounts respectively.
  • Not Listed on Any Exchange: Lack of listing on any exchange since 2006 is undoubtedly a red flag for potential clients. Listing is a key factor used by most people to evaluate the reputation, security, safety, and trustworthiness of a broker.
  • Does not accept deposits in Fiat currencies: Unlike other established brokers such as Coinbase, AvaTrade does not accept Fiat currencies deposits. Instead, the platform lists; Bitcoin, Credit & Debit cards, Bank transfers/ Wire Money, WebMoney, E-Wallets, and PayPal as its payment methods.
  • Exclusion of Certain Countries: As stated earlier, AvaTrade customers are based in over 150 countries of the world. Unfortunately and for unspecified reasons, traders from the U.S.A, Iran, Cuba, New Zealand, Belgium, and Syria cannot invest or trade with the broker.
  • Inaccessibility of Financial Data: Financial data is a key tool for evaluating the success of a company, and failure to provide the data to your clients leaves them in the dark. Potential clients may think that a company is hiding something when financial performance data is not disclosed.

Regulations, Offices & Supported Countries:

Regulations

AvaTrade works under several regulators based in top-tier jurisdictions. The broker is compliant with accepted and applicable market standards and frameworks which makes the broker a trusted dealer offering financial instruments such as CFDs and Forex. The exchange and its subsidiaries conduct business in alignment with regulatory best practices of their resident countries. AvaTrade is registered in the British Virgin Islands and headquartered in Dublin, Ireland. The table below outlines the seven agencies regulating AvaTrade and its subsidiaries, including the license details for AvaTrade and its affiliates. We should highlight that the below-listed jurisdictions offer different trading environments due to varying trading laws & restrictions put in place in those countries.

Regulator Name Regulator Resident Country License Details
Central Bank of Ireland Ireland L/NO: C53877
Australian Securities and Investment Commission Australia L/NO: 406684
South African Financial Sector Conduct Authority South Africa L/NO: 45984
Financial Service Commission The British Virgin Islands L/NO: SIBA/13/1049
Israel Securities Authority Israel L/NO: 514666577
Financial Futures Association and Financial Services Agency Japan L/NO: 1547 and 1662 respectively
ADGM Abu Dhabi, UAE. L/NO: 190018

Offices and Subsidiaries

AvaTrade is a multi-national online broker with both regional and sales offices located in Paris, Tokyo, Sydney, and Milan.  However, the head office is in Dublin, Ireland. The following section highlights where AvaTrade offices are located:

  1. Head Office (AvaTrade Financial Centre)

5 Lamps Place, Amiens St

Dublin 1, Ireland.

  1. Ava Capital Markets

WeWork, 320 Pitt Street

Sydney, Australia.

  1. SOHO Shangdu

Beijing, China.

  1. Minatoku Akasaka

2-18-1

Tokyo, Japan.

  1. Avda

Oficina 1505, Vitacura 2670

Las Condes

Chile.

  1. MNTower

#1402

Mongolia.

  1. Santa Fe Park Plaza

5th Floor, CDMX,

Mexico

  1. Gazelle Ltd.

ADGM Square, Al Khatem Towers

Abu Dhabi, Middle East.

  1. Nelson Mandela Square Towers, 2nd Floor

Sandton, S.A.

  1. UI. Konstruktorska 11

Darwaza 02-673

Poland.

  1. Viale Enrico 23

20134, Milano

Italy.

Supported Countries

AvaTrade’s customers come from all continents and in over 150 countries. Unfortunately, traders from the U.S.A, Iran, Cuba, New Zealand, Belgium, and Syria cannot use the platform. According to the broker’s website traders can access the platform in 41 different languages. The table below outlines the countries supported by the broker:

CONTINENT SUPPORTED COUNTRY
Australia Australia,  Papua New Guinea
Europe Australia, Estonia, Austria, Bulgaria, Czech Republic, Greece, Ireland, Latvia, Netherlands, Spain, United Kingdom, Portugal, Croatia, Andorra, Switzerland, Malta, Croatia, Italy, Jersey, Turkey, Serbia,  Slovakia, Malta, Poland, Denmark, Finland, Lithuania, Slovenia, Montenegro, San Marino, Ireland, Russia, Germany, France, Ukraine, Romania, Sweden, Hungary, Belarus, Norway, Bosnia and Herzegovina, Moldova
South America Brazil, Chile, Colombia, Ecuador, Peru, Colombia, Uruguay, Bolivia, Guyana, Venezuela, Suriname, and Paraguay.
North America El Salvador, Dominican Republic, Barbados, Mexico, Honduras, Trinidad & Tobago, Guatemala, Canada, Haiti, Nicaragua, Costa Rica, Panama, Jamaica, Belize, Bahamas,  Saint Lucia, Grenada, Saint Vincent and the Grenadines, Antigua and Barbuda, Saint Kitts and Nevis, and Virgin British Island.
Africa Kenya, Botswana, Benin, Mauritius, Tunisia, Zambia, Angola, Cameroon, Namibia, South Africa, Uganda, Ghana, Nigeria, Ethiopia, Egypt, DR Congo, Tanzania, Sudan, Algeria,  Morocco, Mozambique, Ghana, Madagascar, Niger, Côte d’Ivoire, Burkina Faso, Mali, Malawi, Senegal, Zimbabwe, Guiney, Chad, Benin, Togo, South Sudan, Sierra Leone, Libya,  Central African Republic, Liberia, Mauritania, Gabon, Lesotho, Eswatini and Rwanda.
Asia Bahrain, Jordan, Oman, China, Bahrain, Philippines, Armenia, India, Kuwait, Pakistan, Philippines, Japan, Vietnam, Turkey, Thailand, Myanmar, South Korea, Iraq, Afghanistan, Saudi Arabia, Uzbekistan, Malaysia, Yemen, Kazakhstan, North Korea, Sri Lanka, United Arab Emirates, Tajikistan, Israel, Kyrgyzstan, Laos, Lebanon, Turkmenistan, Singapore, Oman, State of Palestine, Kuwait, Georgia, Mongolia, Armenia, Qatar, Bahrain, Timor-Leste, Cyprus, Bhutan, Maldives, Azerbaijan, Cambodia, Indonesia, Singapore, Maldives, Nepal, Taiwan, Republic of Korea, and Jordan.

Available Coins at AvaTrade:

AvaTrade’s portfolio has over 10 tradable coins. Cryptocurrency is one of the most popular and successful financial instruments offered by AvaTrade. Clients can invest in any of the eight Cryptocurrencies listed. Additionally, AvaTrade customers can leverage the Crypto 10 Index for broader stakes. The minimum deposit is $100, so, you can start with a small investment and grow it gradually. AvaTrade offers CFDs on the following cryptocurrencies;

  • Bitcoin Gold
  • Bitcoin Cash
  • Ethereum
  • Dash
  • Litecoin
  • NEO
  • Ripple
  • EOS
  • DASH
  • IOTA (MIOTA)
  • Stellar
  • Chainlink
  • Crypto 10 Index

Available Crosses

BCH/USD BTC/EUR BTC/JPY BTC/USD
BTG/USD CRYPTO10 DASH/USD DOGE/USD
EOS/USD ETH/USD LINK/USD LTC/USD
MATIC/USD MIOTA/USD NEO/USD SOL/USD
UNI/USD XLM/USD XRP/USD

What is Leverage and Margin in Crypto?

Margins allow traders to leverage their positions by increasing their trade profits. At AvaTrade, traders can increase their profits by 25 times if a trade goes their way.

Peek preview of how the spread is charged on Crypto CFDs: Sell Ethereum against USD

For illustration purposes, we’ll assume you want to take a short position on Ethereum and the U.S Dollar pair hence the tradable asset will be ETH/USD. Assuming that the quotation price for the pair is 400/500, and after analyzing the market, you predict that the price of ETH will fall soon. This means that if for instance, you had chosen a lot size of $5, you’ll either gain or lose $5 for each unit change in the price of ETH.

Assuming the new price quote is 400/450, then the trade went your way by 50 points. Therefore, you’ll calculate your profit as follows:

50 Units x $5 = $250.

If the pair moves against you by similar units, you lose a similar amount. The table below lists leverage ratios, margins, and spreads applied on the frequently traded coins at AvaTrade.

Asset Leverage Margin Spread
BITCOIN GOLD 5:1 20% 2%
BITCOIN CASH 10:1 10% 1.25%
ETHEREUM 20:1 5% 0.35%
DASH 5:1 20% 1.5%
LITECOIN 10:1 10% 0.6%
RIPPLE 10:1 10% 0.35%
BTCUSD 25:1 4% 0.25%
STELLAR 5:1 20% 2%

Trading Fees

Trading on AvaTrade does not attract any commission, and its fees align with the market standard. However, they compensate the commission-free trades with higher spreads when you transact. Equity traders are required to pay minimum commission-free spreads of 0.13%. Frankly speaking, AvaTrade’s Forex spreads are on the higher side when compared to brokers who charge commissions on trades. AvaTrade charges are classified as either trading or non-trading fees.

Trading Fee

The trading fee chargeable depends on trading activity. However, the fee structure is completely transparent, and to avoid calculation errors, you can use their free calculator to know the trading costs before executing each trade. The most common charges include:

  • Spread fee.
  • Deposit fee.
  • Currency conversion fee.
  • Commission and transaction charges.
  • Overnight trading fee.

Spread Fee

AvaTrade makes money from the charges applied when you are opening or closing a trade, which is shown in the spread. Tighter spreads mean more money and vice versa.

Deposit Fee

AvaTrade customers do not pay any deposit fee. However, a minimum deposit of $100 is required when using e-payment or credit cards, and $500 for bank transfers.

Currency Conversion Fee

AvaTrade supports few base currencies, unlike other brokers hence, having an account with a different base currency is unlikely. The lack of support for different base currencies means you’ll be charged a currency conversion fee if you make deposits in currencies not supported by your account. AvaTrade terms and conditions indicate that if deposits are made in a different currency, the company will convert the currency in question at the prevailing market rate.

Commission and Transaction Charges

Whether you execute a buy or sell trade, AvaTrade will not charge you any commission on the order. Instead, the commission is compensated with bid/ ask spread; price differences at the point of trading an asset.

Overnight Trading Charges

This is a charge on positions held overnight, and it’s also called Overnight Premium. Positions held through weekends attract a 3-day swap fee, usually charged on Wednesdays. This charge is meant to offset costs of leverage for open positions. Calculation of overnight fees for different assets vary, and detailed information thereon is available in the “Trading Information” section of the company’s website.

Non-Trading Fee

Non-trading fees include withdrawal and inactivity charges.

Withdrawal Fee

AvaTrade does not charge its customers to withdraw. However, your account must be verified to withdraw successfully. Additionally, withdrawals can only be made via the method used to fund your account. Credit and debit card withdrawals are processed in 5 days, E-wallet withdrawals are cleared in 24 hours, while bank transfers take 10 business days to be cleared.

Inactivity Fee

Failure to log in to your account for a period of three months attracts an inactivity fee which is deducted from the account. The amount charged depends on the base currency of the account in question. Below is a list of the charges for different base currencies.

GBP Account: 50 Pounds.

USD Accounts: $50.

EUR Accounts: 50 Euros.

Inactivity of 1 year attracts an administration charge of 100 Pounds, 100 USD, and 100 Euro for GBP accounts, USD account, and Euro accounts respectively.

Trading Platforms at AvaTrade

AvaTrade caters to all types of clients offering them a wide range of platforms for both automated and manual trading. Clients have access to a desktop platform that’s compatible with whatever device and operating system they might be using on their PCs.

AvaTrade offers different trading platforms to address the needs of all traders. They include:

  • WebTrader
  • AvaTradeGo
  • MetaTrader 4
  • MetaTrader 5
  • AvaOptions
  • Mac Trading
  • AvaSocial

AvaTrade Desktop Trading Platforms;

WebTrader

AvaTrade has made it possible for all types of clients to access their platform, even if you prefer a desktop, the WebTrader platform will sort you out. WebTrader is compatible with the most common operating systems if not all. The good thing is that you can trade via WebTrader without downloading it. You only need a reliable browser and a stable internet connection and you’ll be good to go. The proprietary trading platform can be accessed throughout the day (24/7) from anywhere AvaTrade is available. Once you’re logged in, you’ll realize that the interface is easy to use and navigate. The navigation panel’s main tabs include:

  • Trade tab: This tab shows the financial instruments available for trading.
  • The Open Positions Tab: The tab shows you all the open positions for your portfolio including the available balances.
  • The closed Positions Tab: The tab provides a detailed account of your trading history
  • The Order Tab: You can preselect the price you desire to open a position via the order tab.

Key Features of WebTrader:

  • Real-time market watch including prevailing quotes
  • Advanced charts that can be customized
  • Access to multiple time frames
  • Compatible with modern browsers
  • Over 30 trend and market indicators
  • Data transmission is encrypted for maximum security
Opening an Account and Trading on WebTrader

Like with most brokers, opening an account at AvaTrade is a simple process that takes a few minutes of your time. New traders can use the steps listed below to start off.

  1. Go to www.avatrade.com and click “Register Now” to complete the signup process.
    Register at AvaTrade
  2. Enter the required personal details in the designated places. These required details are your official names, email, and telephone number.
    Enter Details
  3. Click “Complete Registration”.
    Complete Registration at AvaTrade
  4. Submit the verification documents required to complete the registration. Normally you may either use a passport, government-issued ID, or driving license. Note that the account MUST be verified before one can start trading.
    Submit the verification at AvaTrade
  5. Click ‘Deposit’, select an appropriate payment method for funding the account. The available account funding options include Credit & Debit cards, E-wallets, bank transfers, or Wire.
    Deposit funds at AvaTrade
How to Buy Crypto with AvaTrade on WebTrader
  1. Sign in to the verified account using the login id and password chosen when registering.
  2. On your home page, click the “Trade” button to access tradable instruments and select your preferred asset.
    AvaTrade Webtrader
  3. Enter trade details such as amount and quantity to trade.
  4. If all appears alright, execute your trade by clicking on “Buy” or “Sell”, depending on the position taken.
    AvaTrade WebTrader
  5. Proceed to your home page and verify if the trade was executed successfully.

AvaTrade Mobile Trading App

 AvaTradeGo

AvaTradeGo was awarded the “best mobile trading app in the world” in 2020. You can trade on the go with ease after downloading the AvaTradeGo mobile app that comes with a simple and easy-to-navigate interface. The app is compatible with IOS or Android-OS-enabled smartphones. AvaTradeGo comes loaded with real-time charts and advanced trading tools for market analysis.

One advantage of this app is its multi-functionality; you can open it on the PC and close it on your phone. At times, you may lack the time or may be able to access your desktop. Considering this, AvaTrade launched the AvaTradeGo mobile app to address such issues and provide an alternative for people with active and mobile schedules.

Features of AvaTradeGo

Real-time data

Besides viewing live prices and charts, the app allows traders to choose their preferred trading instruments and create watch lists.

Secured Trades

You can easily secure your trades by leveraging AvaProtect. Activate this feature on AvaTradeGo or WebTrader and have it covered during the protection period. According to AvaTrade, all losses realized during the protection period are compensated.

Multilingual Support

In case you encounter issues that you can’t solve on your own, you can reach the support team in most major languages via the mobile app.

How to Open an Account with AvaTrade on AvaTradeGo

AvaTradeGo can only be used after a successful registration process that can easily be completed in a few minutes using the steps listed below.

  1. Download AvaTradeGo from App Store or Play Store for IOS and Android mobile devices respectively.
    Download AvaTradeGo
  2. Open the app to register, or sign in if you already have an existing account.
    Register at AvaTrade App
  3. Enter your details (Name, Email, and Telephone Number) and click “Next”.
  4. Complete the KYC details on the next web page and read through the terms & conditions, then upload the required verification documents.
  5. Click the link sent to your email to activate the account.
  6. Log in with your account details: username and password to start trading from your phone.
  7. Fund the account using credit or debit cards, Wire or Bank Transfers, PayPal, or E-wallets.
    Fund Account
  8. Select your preferred trading asset and start trading live.
    Select Trading Assets
  9. Execute trade.
    AvaTrade Dashboard
  10. Go to your dashboard and confirm that the trade was successfully executed.
How to Buy Crypto on AvaTradeGo

You can buy or sell any crypto appearing in the portfolio section while still on your schedule. The following steps can be used to successfully buy crypto on mobile:

  1. Open AvaTradeGo on your phone.
    Register at AvaTrade App
  2. Navigate to “Favorites” and select a tradable asset of your choice.
  3. Click “Buy”
    AvaTrade Dashboard
  4. Fill in the trade details such as trade amount and purchase quantity.
  5. Preview the trade details to be submitted.
  6. Click “Buy” after confirming all details are okay.
  7. close your account and log in again to check if the transaction is reflected in your account.

AvaOptions

Traders can express their market view via calls and puts, plus they can utilize embedded tools to maximize their return when trading Vanilla Options on AvaTrade. AvaOptions has different trading tools that allow traders to evaluate the market status in real-time. With AvaOptions, you can trade any instrument appearing on your dashboard including commodities, stocks, forex, and cryptocurrency simultaneously, and in the same account. AvaOptions is also liked by many traders, thanks to Autochartist, a chart pattern recognition software.

It gives traders an edge as they can evaluate trends hence, entering trades strategically. Besides evaluating trends, Autochartist utilizes historical data to predict trend direction. Pro traders also use the software to strategize their trades when faced with different scenarios.

AvaOptions on AvaTrade

MetaTrader 5

MetaTrader 5 is simply an advanced version of MetaTrader 4. Advanced features of this platform include efficient technical analysis, graphical objects, can be used to scan through 9 different timeframes, automated trading, and can be used for different order types.

Mac Trading

AvaTrade did not forget Mac users. Mac Trading is the optimized version of MetaTrader 4. If you encounter issues with this platform, you can always revert to using WebTrader as it’s also compatible with Mac devices.

Ava Social

This is the future for social trading. Ava Social not only allows traders to follow but to also copy trades of their favorite traders. Ava Social allows newbies to utilize the wisdom of pro traders. They can use the platform to ask trading-related questions from mentors or groups and improve their trading skills.

AvaSocial at AvaTrade

Accounts Types Offered by AvaTrade

AvaTrade offers the following account to their accounts:

Retail accounts & Standard Accounts

The account type accessible by AvaTrade clients depends on one’s global location. Retail accounts are offered to EU residents while the rest of the world only has access to standard accounts.

Corporate Accounts

This account is ideal for companies or legal entities.

Option Accounts

Options accounts are ideal for customers who want to trade Forex options.

Spread Betting

This type of account is available only to UK and Ireland-based residents.

Islamic Accounts

This is also called a swap/ free account, and it’s ideal for people with an Islamic background.

Professional Account

Experienced traders are given the option of opening a professional trading account. Leverage in this type of account is higher than in standard accounts. To thrive in this type of account, one is required to be sufficiently knowledgeable in finance coupled with enough trading experience in the past 1 year.

Demo Accounts

This type of account is recommended for all beginner traders. Demo trading is the only safest way new traders can have a feel of what online trading is all about, and what they’re getting themselves into.

Payment Methods – Deposit and Withdrawals

AvaTrade payments are only made via credit & debit cards, Wire Money, Bank Transfers, and E-wallets (Skrill & Neteller). The source of funds should bear the account holder’s name for compliance with anti-laundering laws. You can link your bank account to the trading account to avoid re-entering your credentials every time you need to pay or withdraw. The following steps can be used to link your bank and AvaTrade account.

  1. Log in to your account.
    Payment Methods at AvaTrade
  2. Navigate to either “Deposit” or “withdraw”
    Deposit & Withdrawal at AvaTrade
  3. Select your preferred payment method e.g. credit card, bank, etc.
  4. Click “Add”.

Education

The company scores high in this when compared to other brokers. In 2020, AvaTrade entered into a partnership with SharpTrader to provide quality learning tutorials (including videos) to beginner traders who have to go through an entry course. The mini-course teaches about the company’s products, trading & trading psychology, market analysis, and much more. According to market standards, the course is considered one of the best in the industry.

Customer Support at AvaTrade

Besides a multilingual customer support team that’s on standby 24/5, the platform’s chatbots and the FAQ section are great ways to get help. Clients also have the option of emailing customer care or calling them on the phone. One good thing about AvaTrade is that they take time to ensure new clients understand their products; you may even never need to contact the support team for the time you’ll be their client.

AvaTrade Reviews on Reddit & Quora

What Are People Saying About AvaTrade on Reddit?

Traders held different opinions on Reddit.  Some people were in favor of investing with the broker but others thought otherwise. One trader said that their miseries started after a call from tradingacademy.io, one of the broker’s affiliates. The reader noted that he was coerced to add more money to his initial $500 which he lost the following day. The screenshot attached below highlights his bad experience on the platform.

What Are People Saying About AvaTrade on Quora

Traders on Quora seemed to be confident about the broker. One trader praised the platform for providing crucial automated trading tools that can be used by traders of all levels. While the majority of the traders expressed satisfaction, others were of a different opinion. The screenshot attached below highlights their bad experience at AvaTrade. According to the user, AvaTrade is a scam broker as it’s blacklisted in some countries, Belgium being an example. He also stated that the broker stole his money.

Is Avatrade Safe?

Sure, AvaTrade is a safe online broker and most of its customers are based in top-tier jurisdictions. AvaTrade is authorized and regulated by several trusted regulators. The company has offered online trading services to diverse clients globally. Low deposit requirements and minimal withdrawal restrictions make it even more reliable. The company has a clientele base of over more than 300,000  customers which itself is proof of its legitimacy.

The fact that the platform utilizes security protocols, and is regulated by multi jurisdictions, is one proof that AvaTrade is a safe and secure platform to consider. Additionally, AvaTrade has a negative balance protection policy and Avaprotect for its clients.

Trading success is dependent on many factors. Choosing a reliable broker is key to succeeding in online trading. You could be having all the experience required to succeed in trading, but if your broker is unreliable, you’ll most likely be a very frustrated trader.

Good brokers do not only provide a secure trading environment, but they also ensure that other trading aspects in their platforms are fair, competitive, and match the market standards. Reliable brokers ensure that trading and non-trading fees are competitive, prices are not manipulated, low spreads and withdrawals are processed fast. Below is a brief comparison between AvaTrade and eToro to assist in choosing your most suitable broker.

AvaTrade VS eToro

AvaTrade

AvaTrade VS eToro

AvaTrade is regulated by multiple authorities. It is considered a good platform for trading different financial instruments including  Stocks, Forex, Indices, and Crypto. The broker offers competitive prices and their fee structure is transparent, so you won’t have to worry about hidden charges. Besides being authorized to provide services in the UK, AvaTrade transacts business in almost every country in the world including Japan, Israel, and Ireland.

New traders on this platform are taken through a familiarity session to make them understand the different products and services offered by the broker. According to most people, the onboarding training provided by the broker via a third party is in a class of its own and arguably the best in this industry. More highlights for the broker include a simple and easy-to-use interface, multilingual customer support, multiple payment methods, and 24/5 client support. You can also follow your favorite trader and copy their trades via AvaSocial. Additionally, traders can trade on the go, thanks to AvaTradeGo, their mobile trading platform. On the other hand, the WebTrader platform can be used to access the broker on desktops. Simply put, AvaTrade is the ideal platform for new traders.

eToro

eToro is a social trading platform also authorized by different regulators based in several jurisdictions. It’s one of the best trading platforms when it comes to trading Cryptos. The broker also has different tradable instruments that are competitively priced. Also, eToro has a global image transacting in most countries of the world, including Australia, and Cyprus, besides being regulated in the UK.

eToro’s key highlights include multiple payment methods, an easy-to-use and navigate interface, round-the-clock client support, and accessibility in many global languages.

Considering services offered and key features for the two platforms, we find eToro to be the better option because, with the broker, you not only get value for your investment but you’re able to negotiate for a customized product of your choice, which is particularly beneficial to new traders.

Other Products & Services

AvaTrade offers different tradable financial instruments, including Stocks, Indices, Commodities, Forex, Cryptocurrencies, and ETFs. The broker offers leverage of up to 1:400 on various assets. The available tradable forex pairs can be accessed via the AvaOptions platform where you can choose between the 40 instruments provided.

Risk Management Tools

Trades can protect their trades against losses to a maximum of $1M over the selected timeframe (usually 1 or 2 days) thanks to their innovative risk management tool, AvaProtect, which is exclusively available on AvaTrade platforms. The risk management tool was developed as part of the broker’s commitment to client satisfaction besides evaluating market volatility hence, diversifying and mitigating potential risks. The greatest part about AvaProtect is that the company reimburses its customers for lost trades once the protected period elapses. Activating the tool can be done using the steps listed below:

  1. Login to WebTrader or AvaTradeGo.
  2. Select a tradable instrument of choice.
  3. Navigate to the AvaProtect icon and click on it.
  4. Select duration of protection to see the expiry date and charges thereon.
  5. Finally, you can start your trade knowing that you’re protected.

Key features include:

  • Stop loss.
  • Take profit.
  • Guaranteed stops for unrealized losses.
  • Manual stops for impending losses.

Note: AvaProtect can only be used when trading Forex, Silver, and Gold.

You can watch this video to learn more about AvaProtect

Intelligence & Market Insights

AvaTrade has collaborated with Trading Central to provide market insights with a touch of intelligence to their clients hence, taking technical analysis to a whole new level. The intelligence and market insights are available on WebTrader and AvaTradeGo. Alternatively, traders are updated via SMS, emails, or push notifications thereby, accessing the latest content on forex and crypto trading included in that section. The broker constantly posts relevant real-time data to help their traders have an edge.

Signals

This feature enhances trading activities for everyone; new and pro traders. The trading signals are usually delivered to traders via the notifications we highlighted earlier, but add-ons can also be used to achieve the same. Strictly speaking, the signals are used by traders to choose a suitable trade strategy or approach. They may decide to analyze the market by using technical, sentimental, or fundamental approaches. Trading FX signals fall under either of the three categories:

  1. Manual and Automated FX signals.
  2. Free and Paid FX signals.
  3. Entry and Exit FX signals.

Crypto 10 Index

The crypto index 10, a benchmark for the cryptocurrency market, is a representation of the world’s frequently traded Cryptocurrencies with consideration to their market capitalization. However, the Crypto 10 Index can be used to benchmark many other financial and non-financial instruments. Global investors track the index to gauge and get sentiments on the prevailing market conditions such as the volatility of a particular asset.

Daily Crypto 10 Index calculations are done using the USD as the base currency, and which occurs between 00:00 and 23:00 UTC each day. Calculation data come from different sources including trading platforms, trusted token issuers, regulatory authorities, and service providers which helps to promote variety and inclusivity.

The index was introduced by Germany BITA, a German Fintech company and it initially had 5000 base value points with no exception. Since the performance of all cryptocurrency markets is mirrored by its value, it, therefore, acts as the default benchmark for the performance evaluation of any cryptocurrency project. One must meet these conditions to be included in the Crypto 10 Index.

Conclusion

After a thorough review of AvaTrade, we can conclude that the platform is secure, legitimate, and is keen on providing quality products and services to its customers. Other features such as low deposits, generous leverages, tight spreads, fast processing of withdrawals, responsive client support team, and 24/5 uptime make AvaTrade a reliable and one of the most popular platforms. For UK residents, dealing with Cryptocurrencies and CFDs is no longer allowed. The FCA recently banned CFD and crypto trading in the UK. However, non-UK residents remain unaffected by the ban.

Frequently Asked Questions (FAQs)

AvaTrade is a regulated financial services company with offices in over a dozen countries around the world, including South Africa. So they should be up to code with whatever regulations are in place in South Africa.

AvaTrade is a good forex broker for those who are looking for a reliable and user-friendly platform. The company offers competitive spreads and a wide range of currency pairs, as well as CFDs on indices, stocks, commodities and cryptocurrencies.

Yes! AvaTrade is available in Malaysia. You can open an account and trade a variety of assets, including Forex, stocks, commodities and indices.

The minimum deposit at AvaTrade is $100.

AvaTrade is a 100% genuine and authentic Forex trading platform. They are one of the most well-renowned and respected names in the industry, and have been providing quality services to traders around the world for many years.

AvaTrade is a regulated broker, so it should be safe to use. However, as with any type of financial investment, there is always some risk involved. It’s important to do your own research before opening an account with any broker and to only invest what you can afford to lose.

Dáire Ferguson is CEO at Ava Trade Ltd – AvaTrade.

The process of cashing out AvaTrade is relatively simple. All you have to do is go to the “withdrawal” section of your account, fill out the necessary information, and then wait for the funds to be transferred to your bank account.

Yes, AvaTrade does have PayPal as a payment option. PayPal is a trusted and secure way to pay for goods and services online, and many traders use it to deposit funds into their trading accounts.

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