de | cn | ru

AvaTrade Review, Rating and Comparison

AvaTrade Review & Rating | AvaTrade Forex Broker

RATING: 3.2 / 15 REVIEWS
FIND BETTER FOREX BROKER

AvaTrade execution and slippage

7.66 pips

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.

 

Our slippage data about AvaFX is sampled by 10 of the most popular forex trading strategies in Zulutrade.com.

1.02 pips

AvaTrade slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit:                14.0 pips
Average trade lifespan:  19 hours
Most traded pairs:               EUR/USD, GBP/USD and USD/CHF

 

2.31 pips

AvaTrade slippage with Saved FX trading strategy

Average profit:                  16.0 pips

Average trade lifespan:    1 day

Most traded pairs:                 EUR/USD, GBP/USD, USD/CHF
1.70 pips

AvaTrade slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
1.64 pips

AvaTrade slippage with Forex Cruise Control trading strategy

Average pips/trade:           5.0

Average trade lifespan:   18 hours

Most traded pairs:              GBP/USD
1.34 pips

AvaTrade slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

Most traded pairs:              GBP/USD, EUR/USD, AUD/USD
3.03 pips

AvaTrade slippage with Azar Consulting trading strategy

Average profit:                   28.0 pips

Average trade lifespan:   3 days

Most traded pairs:               EUR/USD
1.17 pips

AvaTrade slippage with The Best Player trading strategy

Average profit:                  22.0 pips

Average trade lifespan:   13 hours

Most traded pairs:               EUR/USD
0.13 pips

AvaTrade slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
3.44 pips

AvaTrade slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

Most traded pairs:               EUR/USD, GBP/USD
60.80 pips

AvaTrade slippage with Duanxian(GBP\USD) trading strategy

Average profit:                      10.0 pips

Average trade lifespan:      1 days
 
Most traded pairs:                   EUR/USD, NZD/USD, GBP/USD

Trading Accounts

 

Account type  Minimum deposit Minimum trade size Maximum leverage  Average Spread  Trading Platform
Fixed spread  $100 0.01 1:400
(1:200 on AvaTrader) 
Fixed, 1.9 pips on EUR/USD MT4/AvaTrader
Floating spread $100 0.01 1:400 Variable, 1.5 pips on EUR/USD MT4

 

Clients of AvaTrade can sign up for one of 2 available account types, depending on the spread offered: a fixed spread account, offered on both available platforms, and a floating spread account, provided solely on the MT4. Both account types are commission-free and offer trading in micro lots.


Traders, willing to invest more funds are offered extra benefits: accounts with a minimum of $1000 are provided with daily signals and charting tools by Trading Central, those with at least $10000 balance – access to Direct Dealing room and clients who have deposited $100 000, get express withdrawals, customized trading terms, and special gifts.


In addition, this broker provides Islamic (swap-free) services to Muslim clients.


The Company. Security of Funds


AvaTrade (formerly AvaFX) is was established in 2006 and is a part of the Ava Group, an international company offering more than 200 instruments for trade: more than 50 currency pairs, a wide range of CFDs on indices, stock, commodities, precious metals, ETFs, Bitcoin, Litecoin and others. Headquartered in Ireland’s Dublin, the Group has a global presence, servicing its customers worldwide through its offices in France, Spain, Italy, Australia, Japan, China, and Mongolia.


All companies within the group are duly licensed and regulated by the respective authorities:


- Dublin-based Ava Trade EU Ltd. is licensed by the Central Bank of Ireland and regulated by MiFID in the European Union;
- Ava Capital Markets Australia Pty Ltd. headquartered in Australia, is regulated by ASIC;
- Ava Trade Ltd. is licensed in the British Virgin Islands, and
- Japan-based Ava Trade Japan K.K. is regulated by the Financial Services Agency and the Financial Futures Association of Japan.


In February 2016, AvaTrade has set up a unit in South Africa, regulated by the Financial Services Board and in April 2016 it has also established a new subsidiary to take charge of its business and clients in Israel.


So clients of AvaTrade need not worry about the security of their funds.


Trading Conditions


Minimum Initial Deposit
Traders are required to deposit $100 in order to open an account with AvaTrade, which is an average minimum initial amount. In comparison, XM, also Licensed in the EU and Australia, requires just $5 and leading global broker FXCM –$50.


Average spreads & Commissions
There are both fixed and variable spreads in this broker’s portfolio. AvaTrade’s fixed spreads amount to 1.9 pips on EUR/USD, which is a competitive pricing. While fixed spreads can protect you from the spread widening which may occur at the close of markets or during major news releases, we would much rather trade with a broker offering capped variable spreads.


Provided solely on the MT4 platform, AvaTrade’s floating spreads are averaged 1.5 pips on EUR/USD, which is on the upper end of average. The good news is that traders can benefit from commission-free trading, as this broker gets its compensation through the spread.


In comparison, FXCM provides variable spreads averaged to 0,4 pips for the EUR/USD pair and charges a commission of $8 per lot round turn. So basically average trading costs with this broker amount to around 1.2 pips, commission included. For further information, you may look up real-time spreads of 15 leading brokers may be viewed here.


Leverage
The maximum leverage rates at AvaTrade are up to 1:400, which is considered comparatively high, however many other brokers offer similar or higher leverage rates: FXCM provides leverage up to 1:200, and FxPro - up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.


Higher leverage ratios may multiply your earnings on a small deposit, but they may also lead to losses, exceeding initial investments. That is why we advise traders to exercise caution.


Trading Platforms


When trading with AvaTrade, you will be offered their proprietary AvaTrader and the popular Metatrader 4 (MT4).


AvaTrader is simple and easy to use forex and CFD trading platform, offering 200+ financial instruments at fixed spreads, more than 30 built-in indicators, comprehensive range of orders, alerts & charting tools. It is available as desktop, web, and mobile versions.

 

AvaTrader platform


We have tried the AvaTrader platform and we find it to be a bit cluttered and unresponsive, so we would rather opt in for the MT4. Metatrader 4 is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, a variety of Expert Advisors (EAs) and extensive back-testing environment.


Speaking of automated strategies, we should point out that AvaTrader’s automated trading package is remarkably rich. It includes ZuluTrade system, Mirror Trader, Signal Trader, and AvaTrade's own Ava AutoTrader, which also enables algorithmic trading through your API interface.


What is more, AvaTrader is one of the few brokers offering spread betting on MT4, the profits of which are exempt from Capital Gains Tax & Stamp Duty.


Promotions
At the time of writing this review, the broker offered the following bonus schemes:


- Welcome bonus on first deposit from $40 (for deposits amounting to a minimum of $200) up to $ 10 000;
- Refer a friend bonus for each friend who opens a live account from $75 up to $400, depending on the referred person’s initial deposit amount.


Methods of Payment


Clients of AvaTrade can make deposits to and withdrawals from their accounts via credit/debit cards (Visa, MasterCard, Maestro), bank wire, Skrill and Neteller.


Accepted currencies: EUR and USD, as well as GBP (only available for clients from the UK), and AUD (only available for Australian clients).


Conclusion


Part of a Global group, AvaTrade is a reputable award-winning broker with 10 years of experience, offering numerous trading solutions to the FX community. In a nutshell, here are the advantages and disadvantages with regards to this broker:

 

Pros  Cons
Well-regulated global broker Market maker model
Competitive spreads  
Choice of trading platforms, MT4 available  
Variety of trading instruments  

 

Forex
Latest news about AvaTrade See more...
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

Spread

Fixed spreads:  EUR/USD -3 | GBP/USD - 4 | USD/CHF - 4 | USD/JPY - 3

Pros

Cons

Fixed spreads under all market conditions

No commissions 

Wide spreads

 

Slippage

Pros

Cons

No slippage during normal market conditions

 No slippage during news releases

Stop orders must be placed minimum 25 pips away from current market price before news 

 

Requotes

Pros

Cons

No requotes under normal market conditions 

 

Requotes during news releases

Slow (up to 10 sec) execution of market orders during major news releases 

Price feed

Pros

Cons

No spikes

No stop hunting 

N/A

 

Platform

Pros

Cons

Desktop and Web based platforms

Intuitive interface

One click deal feature

Platform freezes frequently

No autotrading 

 

Deposit/Withdraw

Pros

Cons

Credit Card
Wire Transfer
Pay Pal
Webmoney
MoneyBookers
Neteller 

Ava Debit MasterCard
Wire Transfer
Pay Pal
Webmoney
MoneyBookers
Netelle

Customer service

Pros

Cons

Toll Free Phones (US and Canada)

Request a Call

Live chat

E - mail 

Customer service reps are not always available 

 

 

 

Summary

Pros

Cons

Fixed spreads

No slippage durin news releases

User friendly platform 

 

Wide spreads

Customer service can be better

Slow execution during news

No regulation 

Traders` reviews for AvaTrade

Fail

A total fail. So inefficient. It was a nightmare to close my account. I stayed in touch with the customer service by emails and chatting directly. They were giving different information. The card that I used for the deposit had expired, so they couldn't give back the money to that card. So they were saying that I needed to provide an official document to prove that the card had actually expired. After that they would have been able to pay me back with a bank transfer (with the bank details that I had provided). Whereas the other was saying that I needed to make a new deposit by card and then they would have provided to give the money back through the card. Finally we agreed for the bank transfer. I asked if a foreign bank account was fine and they said ok and finally, when everything seemed ok and they just had to make this transfer, they said that they couldn't because the provided bank account was foreign. So inefficient and slow just to close an account. Furthermore, it is impossible to definitively delete the account, meaning that my login and password will always work, just that I don't have money on it. This is really not "clean". Why they have to keep my information such as name, email, phone, if I am not using Avatrade anymore and want to delete the account? Very unprofessional, different people saying different things. And informatically also not really a good system.

alex 08/09/2017

Better avoid AvaTrade

Avatrade stopped allowing me to top up my account for "regulatory reasons" WITHOUT notice, which lead to a margin call and I lost approx. 5k EUR because of that.
Their support (on the phone and by writing) was utterly useless, they didn't even try to help, just made empty promises to "find an amicable solution", which never happened by the way.

Will have to take legal actions against them and I'll probably win that case. But who wants to deal with lawyers and courts in an international lawsuit , it's just avoidable and a waste of time.

Conclusion: AVOID AVATRADE LIKE THE PLAGUE IF YOU WANT TO KEEP YOUR HARD EARNED MONEY!

PS: There is a deadline until July 21st, I'll update this review IF I'll get reimbursed.

Thomas 07/19/2017

AVATRADE SCAMMMED ME

hi, im jay, a trader from avatrade with account numbers 21--929 and 21--744, I experienced serious application malfunction or an app crash, I lost money because the application wont allow me to log in with the specific times when my account could be wiped out, Im not able to modify my opened trades because the app wont allow me to sign in. Then I emailed avatrade about it, they even call me and say I must use Mt4 instead, but when Im claiming for them to give back whats lost to me, they ignored me and I didnt even received specific answers to my questions, I sent them all the app crash reports and the times of events it happened and they olnly said and emailed me a copy of their system logs which I dont trust at all. It shows me im logged in that time it happened, if im really logged in, why cant they answer the appcrash report automatically generated by the app crash? I even envited them to other review sites which allows transparency to both parties but they wont cooperate, They ignored my claim and they even called me uncooperative when in fact I emailed them many times about it and then they are playing innocent as if it didnt happen.

jay 05/20/2017

AvaTrade

AvaTreade is big and old forex broker, but 100% bucket shop with it's bonuses and fixed spreads. Besides it, spreads are too high. I recommend you to choose the real STP\ECN broekr with solid regulation.

Andrew 05/23/2016

AvaTrade

Your feedback is very important to us. Please email us directly on [email protected] and we will be happy to assist you further.

AvaTrade 05/10/2016

THEY AVOID GIVING OUT PROFIT

Avatrade closed my trading account and informed me I would not be verified because I reside in Quebec: I was then denied of the profit I made but was told on the contrary that if I had made losses, my balance-losses would be paid to me........If Avatrade does not actually want to fraud traders, it should have denied them right at the point of registration once quebec is entered into the online registration form.

AVATRADE IS A SCAM, help your hard earned money by avoiding avatrade

gabriel 03/06/2016

Don’t trade with avafx.

Hi everyone, My account number is 2050219, I am struggling with Avafx since longtime but my money is stuck in the platform hence with them. AMAR is my account manager and he is only interested in all your deposits to the account.

1. Poor customer support
2. No technical analysis or guidance provided
3. Delays in deposit transfer to account which creates panic and you have to hedge at higher levels.
4. Although they promise you trade recommendations, they leave you to trade on your own and incur losses. 5. What is concerning regarding trading is , AVA practice dealing desk what means they are dealing against you (their client, make money on your back and the only goal is that you feed them more with your money.

Please save your hard-earned money and don’t trade with avafx.

Kavita 10/23/2015

No complain

I trade on the forex since a couple of months. So far my experience is good with this broker. I was worried reading the reviews on this site (http://www.fxhq.com/brokers/avatrade/review) so i tested the withdrawal process. I only trade currencies with the mt4 platform and they have a lot of cool options. I suspect a so so customer service and the chat is always off but so far i have no complaints about it.

Elijah Sheean 09/08/2015

they hold my usd 110000 form my live trading account, they are cheater always stay away

my dear all friends, my name is Diwakar Dhungel and i have live account with avafx i made profit around usd178000 with them but they didn't give me all booked profit amount, they decucted usd 110000 amoun from my trading platfrom from themselves, when i asked theam about this they said me the trade were not according to the terms and condition so my friend plzz be away from them i think they are cheating lot and lots of investors,, if you booked more profit then they wont give you i wanna complain them but dont know where to send my complaint,, and i m also consulting to the financial lawyer and i am going to fight against them on the court very soon so beware of them

Diwakar Dhungel 03/11/2013

stay away from ava fx

I traded CFD's on AVA FX platform.
I had a terrible experience because they suddenly erased all my profitable trades. My account was 186,929.00 € !!! and it has been erased. Read my story here: http://mycfd.blogspot.it/
Many other customers experienced huge problems with ava fx and now there is a big class action against ava fx. Also the Irish Financial Ombudsman opened an inspections upon this broker.
My advice is stay away from ava fx

Mario 07/02/2012

AvaFX advantages and disadvantages

Advantages

Ava Fx customer accounts are audited quarterly by Ernst & Young.
Ava Fx customer funds are kept in Commerzbank of Frankfurt, which is one of Germany’s leading financial institutions. So the financial linkages are excellent.
AvaFx website lists out the entire management team, and that it is indeed a comforting feature to have.
An Ava Fx account can be opened in less than 5 minutes if information is entered correctly.
This site offers e-currency exchange rates to its customers. E-Gold can be exchanged to Web money or Liberty Reserve.

Disadvantages

There is no Meta trader 4 software support.

compare-forex.com 11/02/2009

I have read at a lot of places, there are lots of problem while withdrawing money from there accounts, while submitting is extremely easy. Till now I have only deposited and lost a good chunk of it. Probably I hurried into it. But now when I am reading a lot before goin in for a second round, I doubt whether I should submit more money into it.

Praveen Malik, Earnforex.com 09/13/2009

Recently they introduce the AutoTrader System. The system will let you win in the early stage. But after a few trades all your money will be lost. And the worst is they can tell you that the autotrader can perform manual trade but the response is damn slow when you submit the trade or close the trade which results you end up losing. The attitude of the account manager is good when you have no issue. When you have issue with them, the attitude change. Overall i will only rate it at 5/5. I can only say that there are more better brokers out there.

Andy, Earnforex.com 09/13/2009

Opening Accounts is easy but taking money out is near impossible. There processes are abysmal, I think my 3 year old niece can put a more robust and efficient process than the people there. Imagine a bank wire taking more than 8 days, additionally they just give you the run around continually. No one takes ownership of any customer complaints or clarification. If the truth be told they are not that good only positive is the $1200 bonus but the hitch is that you have to trade 1200 times before you can leave them. I don't know why they are at the top of the list of brokers since they are even worse than FXCM and that's saying something. I will not recommend joining this firm, go with GFT or some other broker.

Doji, dailyforex.com 09/13/2009

I am with Ava for several weeks already. Some things are very good like easy deposit and activation, one click trading, hedging etc. Negatives are that spreads are fixed and pretty wide for some pairs (USD/CAD 5; EUR/JPY 4) and in reallity with slippages you'll end up with 7-8 spreads - so cost of trading is high, just be prepared. During news execution is often delayed for 30 seconds or for 1 minute, frequent re-qoutes are a norm. Charting data get missing during news release, especially on Fridays. Moreover, charting capabilities are not professional enough for forex trading like, for example, moving average can not be modified to close, high, low etc You can not change thickness of the lines etc. Also, some critical indicators like volumes are not available at all. So I have to disagree they have "award winning" platform. From my experience, the platform is very simple and inferior to MT4. Bottom line, if your forex strategy is long position holding then it's ok broker. For short term and scalping strategies look for somewhere else. Regards.

Irene, dailyforex.com 09/13/2009
Forex
de | cn | ru