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AvaTrade Review 2024

Written by
Adam N.
Fact checked by
Updated
6d ago
Regulated and trusted. Tested via live trading.
3,699 people chose this broker
Not available in United States; see best alternatives

Why choose AvaTrade

AvaTrade is a global forex and CFD broker. Opening an account at the broker is easy and fully digital. AvaTrade offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools.

On the negative side, its product portfolio is limited, consisting only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and CFD trading fees are not the most competitive on the market.

  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
Overall score
4.2/5
Minimum deposit
$100
FX fee
Low
Index CFD fee
Average
Withdrawal fee
$0
Account opening
1 day
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71% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 3.5/5
AvaTrade has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high.
  • Low forex fees
  • No withdrawal fee

We compared AvaTrade's fees with two similar brokers we selected, XM and Admirals (Admiral Markets). These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of AvaTrade alternatives.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.9.

Broker
EURUSD spread
FX commission per lot
AvaTrade
0.9
No commission is charged
XM
0.1
$3.50 commission per lot per trade on XM Zero accounts
Admirals (Admiral Markets)
0.1
$3.00 commission per lot per trade
AvaTrade forex spreads and commissions

Average index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.5.

Broker
S&P 500 CFD spread
AvaTrade
0.5
XM
0.6
Admirals (Admiral Markets)
0.4
AvaTrade index CFD spreads and commissions

Low stock CFD fees

All stock CFD fees are built into the spread. The spread for Apple stock CFDs is 0.2.

Broker
Apple CFD
AvaTrade
$1.2
XM
$1.9
Admirals (Admiral Markets)
$1.1
AvaTrade stock CFD spreads and commissions

High inactivity fee, no withdrawal fee

The broker doesn't charge account fees, and deposits and withdrawals are also free of charge.
On the negative side, AvaTrade charges an inactivity fee of $50/€50/£50 (depending on your account currency) per quarter after 3 straight months of inactivity. On top of that, after 12 consecutive months of non-use, an annual administration fee of $100/€100/£100 will be deducted. When added up, these inactivity-related fees are quite high compared with AvaTrade's peers.

Broker
Inactivity fee
Withdrawal fee
AvaTrade
$0
XM
$0
Admirals (Admiral Markets)
$0
AvaTrade inactivity, withdrawal and other fees

Other commissions and fees

Average futures fees: US index futures fees are as follows - $1.75 per standard and E-mini contracts, $0.75 per micro contract.

Broker
US stock
UK stock
AvaTrade
-
-
XM
$1.0
$9.0
Admirals (Admiral Markets)
$0.0
$0.0
Misc. fees compared with other brokers

Safety

AvaTrade is a legit brokerage. It is overseen by a number of regulators. It's a well-established brand but is not listed on any exchange, does not disclose financial information and does not have a bank parent.
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days.
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
Read more

Account opening

Score: 5/5
Account opening at AvaTrade is smooth and fully digital. You can start trading literally in minutes.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

Score: 4.4/5
AvaTradeGo is a modern, easy-to-use app with a decent set of features, including the AvaProtect insurance scheme. However, order types are limited and the app comes only in English.
  • User-friendly
  • Good search function
  • AvaProtect order type
Read more

Desktop platform

Score: 3.5/5
In design and function, AvaTrade's MetaTrader 4 desktop platform is almost the same as the MT4 web platform. A big difference is that you can set price alerts on the desktop platform.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 2.4/5
AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks.
Read more
“I recommend AvaTrade for forex and CFD traders looking for an option to use MetaTrader platforms.”

FAQ

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Adam Nasli
Author of this review
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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