AvaTrade is a forex broker located in Ireland.
In this article, you’ll get a review of this broker, including analysis and instructions to open an account with AvaTrade.
Here’s what you’re going to learn:
AvaTrade is a Forex (CFDs) broker located in Dublin, Ireland, and was founded in 2009. They have been in business for a good amount of time already, which should give you some confidence when compared to brokers that just appeared in the market.
AvaTrade is a Forex broker that gives you a wide range of instruments to trade besides Forex.
Here’s a list of all of the instruments that you can trade with AvaTrade:
To open a real account with AvaTrade you need to deposit a minimum of $100.
You don’t need to deposit anything if you’re just trying the broker and testing a demo account.
The AvaTrade leverage varies according to the product you are trading and the account type you’re trading. The leverage is as high as 1:400.
Here’s the maximum leverage provided by AvaTrade for each instrument and account type:
According to Trustpilot, AvaTrade is classified as excellent. It’s scoring a 4.6/5.0 after no less than 8,505 reviews. That’s a big number!
When you open an account with AvaTrade, you can be sure that you will be trading with a regulated broker.
The regulations and licenses come from all over the world:
AvaTrade gives you access to the most popular trading platforms used by Forex brokers, including the ones that give you access to social trading and copy trading.
You can use:
They also have web and mobile versions, meaning that you can easily trade wherever you are.
There’s a main account type when you trade with AvaTrade.
Other types of accounts like micro accounts, cent accounts or commissions accounts are not available when using AvaTrade.
Professional accounts exist in brokers regulated in the EU, to give you access to a bigger leverage.
If you live in the EU you can bypass the ESMA’s most restrictive leverage rules by applying to a professional account on AvaTrade.
To qualify you must meet at least two of the following criteria:
From time to time AvaTrade offers deposit bonuses for new clients.
Click the image below and calculate how much bonus you’ll get based on your initial deposit:
Unfortunately, the Bonus is not available for all legislations/regulators. You’ll need to check by yourself if you’re a lucky one by visiting the AvaTrade bonus page.
There’s no no-deposit bonus right now.
If you need to contact AvaTrade here are their contacts and location from all over the world.
AvaTrade accepts a limited range of methods either to deposit or to withdraw but they are enough for the majority of people.
Here’s a list of them:
Yes, AvaTrade offers a negative balance protection.
If for any reason your account goes into negative balance, AvaTrade will take that loss and reset your balance back to 0. Unlike many brokers, with AvaTrade you don’t risk getting losses bigger than your deposits.
AvaTrade’s margin call is 50% for retail clients.
For professional or non-EU clients, the margin call is 10%.
This means that you always need to maintain an equity that is bigger than the margin required to keep your positions open.
If your equity (Balance + Open Profit or Loss) falls below the required margin you will receive a margin call and all your positions will be closed.
AvaTrade doesn’t offer Micro Accounts to its customers.
There are no VPS services with AvaTrade but you can always find a cheap VPS to host your EA and run it on AvaTrade.
AvaTrade has an inactivity fee if you leave your account dormant for more than 3 consecutive months.
This fee will be deducted from your account at a rate of $50 for every 3 months of inactivity.
Yes, AvaTrade is a legit broker and company.
Here are their headquarters contacts:
On the other hand, it doesn’t provide services to residents of some countries, or a country where providing that service would be contrary to the local law or regulation.
There are no restrictions against hedging with your AvaTrade account. Heding accounts are the default with AvaTrade.
This means that you can open long and short positions on the same symbol at the same time.
If you don’t like hedging accounts, there’s also an alternative. They are called the NET accounts. With these types of accounts, on each specific symbol, you can only have one single position in one direction.
Net accounts are especially useful when you want to be able to add and reduce your position size.
You are allowed to do copy trading on your AvaTrade account.
The signals you copy can come from any source. Just install your favorite copy-trading software and watch your account mirror the copy-trading source that you chose.
With AvaTrade you can connect your MT4/MT5 account to one of the best social trading sources: MQL5.
Besides that, you also have access to Zulutrade and DupliTrade. Using these services you can follow and copy a wide selection of seasoned traders to your own benefit.
When trading AvaTrade forex currency pairs, your lot sizes start at 0.01 and can go up to 100.
If you trade other symbols, like indices, or metals, the maximum lot sizes may vary.
AvaTrade has Forex spreads starting as low as 0.9 pips and it doesn’t charge commissions.
There’s no minimum amount to be able to request a withdrawal from AvaTrade. Whatever value you have on your account is yours.
There are also no deposit/withdrawal fees involved.
AvaTrade accepts residents from all over the world except some specific countries. AvaTrade doesn’t provide services for residents from the United States, Belgium, Cuba, Iran, Syria, and New Zealand.
Here is a list of the best AvaTrade alternatives:
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