AvaTrade Review: Pros, cons and fees

You predict the asset’s price will drop by placing a sell order. When trading cryptocurrencies on AvaTrade, you can choose to go long or short by using leverage. This means that AvaTrade enables you to profit from crypto price movements regardless of the direction. AvaTrade has many cryptocurrencies to invest in, and you can be spoilt for choice. From their website, AvaTrade has 17 cryptocurrencies available for trading, and one crypto index comprises 10 popular cryptocurrencies.

While CFDs are inherently very risky, if you are going to do it, AvaTrade is the broker to do it with. AvaTrade is regulated by authorities from Europe, Asia, Australia, South Africa, the Middle East and Israel. Let’s see what some of their most popular platforms have to offer. If you are looking to actually purchase ETFs and stocks, AvaTrade won’t be the broker you’re looking for. That’s because it doesn’t allow you to actually purchase these assets, but you can create CFDs for them.

  1. This European-based online broker allows many users to open an account with them (e.g. Spain, Brazil, Portugal, France, UK or Argentina).
  2. AvaProtect is a risk management tool allowing users to protect themselves against losses of up to one million dollars within a selected time period.
  3. AvaTrade is a CFD Irish Forex broker regulated by the Central Bank of Ireland (among several other countries like Cyprus or Australia).
  4. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
  5. As the price of the asset changes, the fee can fluctuate as well.

E-payments through Skrill’s Moneybookers, Webmoney and Neteller will be credited within 24 hours. Meanwhile, deposits done through wire transfer can take up to 7 business days, depending on the bank and country. The firm provides phone support with separate numbers provided for each country where Avatrade operates and a live chat option is also available. Overall, we found AvaTrade’s MT4 spread betting platform to be a reliable and competitive option for spread betting. While it might not be the best option in the market, it’s certainly not a bad one either. AvaTrade offers some 13 different types of cryptocurrency assets.


It took over a month to get my account verified because I am new in Canada and had to wait for my first bank statement and utility bill with my address. After my account was verified it was quick and easy to deposit funds and start trading immediately. As per our AvaTrade review, this team caters to diverse client groups because it provides several options Avatrade on platform trading, tradable asset classes, research instruments, and software. When traders register at AvaTrade, they will receive a daily market trading strategy newsletter and morning news brief, including daily market data, market buzz, market news, and updates. Traders at AvaTrade can also access a blog that covers current events and market commentary.

What made my experience great

Let’s now go through the process of getting started with AvaTrade. When you buy cryptocurrencies on AvaTrade, you can use leverage to increase the potential for higher returns. The most crucial factor to consider when looking for a broker is whether its regulated or not. AvaTrade has several learning resources that you can use to build a diversified portfolio that gives you a worthwhile return while keeping risks at manageable levels. For instance, if you want to trade Bitcoin on AvaTrade, you only need to search for it on the website, and it will appear with the option to buy.

AvaTrade Range Of Tradable Assets

You can take positions on leading tech firms like Tesla, Apple and Microsoft with no restrictions and 24/5 support. There is also an above-average selection of 45+ indices and 60+ ETFs. If ETFs and stocks are what you are after, check out our top pick for Canada’s best online discount brokerage, Qtrade, by heading over to our Qtrade Review. CFDs- CFDs, or contract for difference, is a volatile trading instrument with which investors are paid the difference in the settlement price between opening and closing trades. The following table summarizes the different investment products available to AvaTrade clients.

That said, AvaTrade continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Alev Nazli was really helpful and responsive to help me open my account.

Check out the spread cost table below to see what you might end up paying in trading fees for Forex, stocks and ETFs. Launched in Ireland in 2006, AvaTrade has spent the last decade and a half making a name for itself as one of the top online brokerages for forex and CFD traders. Thanks to AvaTrade’s extensive offering of copy trading platform options, AvaTrade once again finished Best in Class for Copy Trading in 2023.

A Premium membership program is also available, offering priority support, interest on unused funds, exclusive events and a selection of other perks. The minimum account equity is $10,000 and traders will be automatically enrolled on the program avatrade review the day after they meet the requirements. AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade.

AvaTrade vs Other Brokers

If you want to buy stocks, ETFs, or even cryptocurrency, there are better alternatives out there, like DEGIRO, eToro, or Interactive Brokers. If you register or buy a course using our links, we may receive a commission. We don’t offer investment advice, our content is purely educational. In 2016, I launched my own website, which required me to learn coding from scratch.

AvaTrade vs. Competitors

Despite financial ties with some platforms, our content remains unbiased and quality-driven. For a more in-depth look at how we craft our reviews, we encourage you to visit our Methodology page. Its platform is intuitive and easy to use, but it could offer more options when doing technical analysis and charting. Be aware that it comes with an inactivity fee if you don’t use the broker for a long time.

On Google Play and on the Apple App Store, the AvaTrade app has a rating of around 4.5. If you don’t use AvaTrade for 3 months, you will have to pay a fee of $/£/€50. This fee will recur every 3 months that you don’t use the platform.

FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. The webpage has an online form if you’d like to contact the firm, including the reason for request, name, email, phone number, subject and official request. Account opening requires a minimum deposit of $100 if the deposit is made through credit card or wire transfer. The minimum opening balance depends on the base currency of a client’s deposit. AvaTrade has a quarterly inactivity fee of $25 admin fee when there is no trading activity on the account for 3 months.

The broker is attuned to the needs of modern traders, delivering a myriad of platforms each with its own distinct advantages and capabilities. Moreover, for the modern-day investor, AvaTrade avails the burgeoning field of cryptocurrency trading, encompassing popular digital currencies like Bitcoin, Ethereum, and Ripple. In addition, traders can delve into global indices, stocks, and even ETFs, opening up a wide realm of trading possibilities. With such a robust offering, AvaTrade solidifies its stance as a broker that looks beyond the traditional. AvaTrade is as safe to use as any other online forex trading platform.