NOTE: Customers from United States are not allowed to trade or register at this broker. We would recommend a different broker at our toplist here.
AvaTrade is a crypto CFD brokerage company based in Ireland that was created to help people trade with confidence in 2006. While they initially started with online trading, covering 30+ commodities, 50+ currencies and 100+ stocks CFD they also offered cryptocurrency trading since 2018. One of the unique features with AvaTrade include AvaProtect(TM). It's a way for customers to protect against loosing trades, and it works similar to an insurance and allow you to trade with less risk. Protection against crypto losses can be set for 1, 3 or 6 hours. Discover more about AvaTrade Protect here. Alternatively, you can visit AvaTrade start page or continue to learn more about the company below.
›› Signup at AvaTrade here
NOTE: Customers from United States are not allowed to register. Find another broker here.
A reliable CFD crypto broker that's been around for 15 years and is regulated in 5 continents.CryptoLists.com
Background & Overview
AvaTrade has a good reputation in the online trading sector due to its reliable services and user-oriented trading environment built on sophisticated platforms and regulated across five continents.
One of the most unique features includes AvaProtect(TM) - a risk management tool that's exclusive to AvaTrade. It allows customers to get money back on loosing trades and work like an insurance. You can select a protection from losses from 1 hour up to 6 hours and the fee to protect goes up the longer period you select. For anyone going into the perfect trade, you can now also protect against losses. What are you waiting for? Try AvaTrade Protect today .
AvaTrade currently serves more than two hundred thousand registered traders globally. Using the company's support, options, and security, these traders collectively place over two million trades monthly. AvaTrade was among the pioneer forex brokers to introduce digital currency trading and CFD trading on indices, stocks, and commodities. They are now also in the forefront for cryptocurrency CFD trading with 2x leverage. Avatrade offers five different types of accounts as follows:
+Standard account: Ava's standard accounts are provided for clients outside EU borders and they allow up to 400x leverage in select markets. Standard accounts can be owned by an individual, a legal entity, or a corporate account.
+Demo account: These aim to give potential traders a feel of the platform and improve their skills to determine suitable trading instruments and a trading technique. These accounts are valid for 21 days which can be extended by contacting customer support. Demo accounts reflect real-time market prices and conditions and can be upgraded to real accounts at the users' wish.
+Retail account: These account allow traders to trade with 30x leverage as well as access to dispute settlement service.
+VIP accounts: Active traders who deposit funds exceeding 10000 Euros receive lucrative discounts for high-frequency and high-volume trading.
+Islamic account: AvaTrade's islamic accounts operate under sharia law, and users can apply for Islamic accounts after depositing funds. Islamic accounts are swap-free but do not include Rollovers and cryptocurrencies.
++Add about AvaProtect: One of the unique features with Ava is the feature called AvaProtect. By...
Advantages at AvaTrade+It has excellent educational tools and features via SharpTrader.
+It allows multiple deposits and withdrawals.
+It allows free deposits and withdrawals.
+Relatively low trading fee.
+The account opening process is swift and straightforward.
+It offers users a variety of reliable trading platforms that cater for distinct needs.
+The phone support is very active, engaging and helpful.
Disadvantages-It contains limited research tools.
-This company charges its customers an administration fee.
-Inactivity fee is imposed on inactive traders.
KYC & Registration
With your Identification documents and the right personal information, you can open an AvaTrade account in a few simple steps as follows:
Step 1: Sign Up
Visit the official website of this company and click on "Register now" option.
Step 2: Personal Details
The second step will be filling up all the details required to open an account. They include; First and last name, Date of birth, country, you physical address and phone number. After this, click on "complete registration" button to finish up the process.
Step 3: Account Verification
After completing registration, you can open your email inbox to verify your account by clicking on "Verify My Account".
Step 4: Sign In
Access the user dashboard by signing using your username and password.
Step 5: KYC Documentation
Submit the required KYC documents for vetting. This is a company policy that is meant to guarantee customer security and verify users.
Step 6: Deposit Fund and Start Trading
Before trading you must have funds deposited in your trading account. Once you have deposited funds you are free to start trading with this company.
Leverage▪ Rated at 8/10
The company offers competitive leverages across multiple markets. AvaTrade's crypto Leverages can go up to 20x, but when it comes to cryptocurrency CFD trading, the maximum limit is 2x.
Costs▪ Rated at 9/10
The company imposes different commission fees for different account types which are relatively low for VIP and Pro accounts and standard for retail accounts. For accounts that have been inactive for three months, they are required to pay an administration fee of $50 per month.
It also offers competitive spreads which range from 0.9 pips for main forex markets such as USD/EUR. Spreads for other markets like cryptocurrency have spreads starting from 0.35% and 0.13% for stocks. Depending on different funding rates, overnight fees are charged for leveraged positions.
Deposit Methods▪ Rated at 9/10
Below you can see a list of the deposit methods available on AvaTrade. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Avatrade got a decent range of payment methods, both for deposits and withdrawals. Here is an overview:
Adding funds to your AvaTrade account is quicker than you can imagine. You can have the money inside your account in less than 1 minute when using PayPal for deposits.
If you want to deposit with an e-wallet, then you can use Skrill at AvaTrade.
Visa or MasterCard?
Two major credit and debit card providers can be used from AvaTrade - VISA or Mastercard.
Bitcoin or Ethereum deposits
AvaTrade is one of few CFD brokers that offer deposits by Bitcoin or Ethereum. Even if a 1% charge is deducted from your deposit, it's still great to have this option.
If you prefer to transfer money from your bank, it's obviously possible at AvaTrade. It might take up to 48 hours before you see the money in your account.
The final deposit method alternative through AvaTrade is WebMoney. Since it's a well established payment method, it might still be useful for some potential AvaTrade customers.
Platforms▪ Rated at 8/10
Avatrade offers both mobile desktop, tablet and web-based trading on three platforms; AvaTradeGO, MetaTrader 4, and MetaTrader 5. It also provides a variety of automated trading platforms and EA compatibility and offers competitivespreads. Client's money is held in separate accounts for better security.
Below is an overview of the different platforms at AvaTrade:
Metatrader 4 (MT4)
MT4 is one of the most used platform for traders in the world. It has been around for almost 20 years and is still going strong, both among crypto and forex traders and investors.
Metatrader 5 (MT5)
While MT5 is the newest version of MetaTrader, it was still launched as early as March 2009. They got similar functionality and features and spread, while MT5 loads a bit quicker.
AvaWeb Trader is the in-house built platform. Here, you can enjoy options, cryptocurrencies, indices, forex and stock CFDs from the same interface. AvaWeb Traders it both user-friendly and flexible.
For mobile users, AvaTrade Go is the platform to go with. It's created in HTML5, which is a modern and super fast alternative. You can trade a wide range of asset classes here, just like on the other platforms available at AvaTrade.
Keen to speak with other traders? Then AvaSocial might be of interest, since you can chat and get inspiration from other traders with the click of a button.
Broker Support▪ Rated at 9/10
Avatrade has a dedicated support team that customers can contact via email, live chat, fax, FAQ page, and phone in different languages anytime the markets are active. Customer Service operatives also respond to comments on social media every day. Customer service is offered in multiple languages across different countries, which include two African countries, four South American countries, six Asian countries and twenty-one European countries, Australia and 2 Middle Eastern countries.
Other Names for AvaTrade
AvaTrade is or has also been known under the following names: AvaFx
Is this a reliable site?
AvaTrade is a reliable broker since it is safe and secure to trade with.
How long do withdrawals take on AvaTrade?
Withdrawals usually take one business day. However, Credit card and debit card withdrawals may take up to five business days. Wire bank transfers can take up to 10 business days to be processed.
What is the minimum amount one can deposit to start trading on Avatrade?
One is required to have deposited at least $100 in their trading account before they can trade.
What is AvaTrade leverage?
The trader's country of origin and type of asset determines the leverage. Leverage in the EU and UK can go up to 1:30 and 1;400 in non-EU countries. Traders based in Europe and have professional accounts can get higher leverage.
Which options are available for depositing funds in AvaTrade?
You can deposit funds via credit cards such as VISA and MasterCard, wire transfers, and E-wallets like Skrill and Paypal.
Which countries is AvaTrade Available in?
It is available in all countries apart from Iran, Belgium, and the USA.
Instruments available▪ Rated at 7/10
Crypto CurrenciesBTC, BCH, ETH, XRP, LTC, DASH, IOTA, EOS, NEO, XLM, LINK, UNI, DOGE, SHIB, SOL, MATIC
BTC/USD, BTC/EUR, BTC/JPY, BTG/USD, CRYPTO10, DASH/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, LTC/USD, MATIC/USD, MIOTA/USD, NEO/USD, SHIB/USD, SOL/USD, UNI/USD, XLM/USD, XRP/USD
›› Sign up at AvaTrade here
NOTE: Customers from United States are not allowed to register. Find another broker here.
Screenshots from AvaTrade
Last Updated: Monday, 1 Aug 2022 3:27 pm