AvaTrade Logo
Written by:
Fact checked by:
Updated:
Dec 2022
Recommended for
  • forex trading 3.9/5
Trusted broker
  • Top-tier regulation
  • Compensation in case of broker bankruptcy (terms apply)
  • Long track record - founded in 2006
Popularity
706 people chose this broker in the last 6 months

Our take on AvaTrade

AvaTrade is a global forex and CFD broker. Account opening 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 flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. BrokerChooser gave AvaTrade a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.

BrokerChooser score
4.3 /5
Visit broker 71% of retail CFD accounts lose money
AvaTrade is not available in United States
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S&P 500 CFD benchmark fee
$2.6
Credit/debit card deposit
Yes
Minimum deposit
$100
Negative balance protection
Yes
Pros
Cons
Easy and fast account opening
Only CFDs, forex, and cryptos offered
Free deposit and withdrawal options
High inactivity fees
Great research tools
Average forex fees
Expert opinion
“I recommend AvaTrade for forex and CFD traders looking for an option to use MetaTrader platforms.”
Gergely Korpos
Co-founder / CPO

AvaTrade main highlights

🗺️ Country of regulation Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel
💰 Trading fees class Low
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $100
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 With electronic wallet Available
💱 Number of base currencies 7
🎮 Demo account provided Yes
🛍️ Products offered Forex, CFD, Crypto

AvaTrade summary

To read much more details about the broker's services and features, expand on the sections below.

AvaTrade review
Fees

Score: 3.7/5
+
AvaTrade has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high.
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AvaTrade review
Account opening

Score: 5/5
+
Account opening at AvaTrade is smooth and fully digital. You can start trading literally in minutes.
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AvaTrade review
Deposit and withdrawal

Score: 4.5/5
+
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days.
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AvaTrade review
Web trading platform

Score: 3.8/5
+
AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
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AvaTrade review
Mobile trading platform

Score: 4.7/5
+
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.
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AvaTrade review
Desktop trading platform

Score: 3.4/5
+
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.
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AvaTrade review
Markets and products

Score: 2.3/5
+
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.
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AvaTrade review
Research

Score: 4.6/5
+
AvaTrade has user-friendly research tools, from trading ideas to a nice news feed. The only thing we missed was fundamental data on stocks.
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AvaTrade review
Customer service

Score: 5/5
+
AvaTrade has great customer support, giving fast and relevant answers in many local languages. On the negative side, support is not available 24/7, only 24/5.
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AvaTrade review
Education

Score: 5/5
+
AvaTrade is packed with lots of quality materials to educate yourself, and also offers a demo account.
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AvaTrade review
Safety

+
AvaTrade 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.
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AvaTrade review
Bottom line

AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.

We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.

As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.

Visit broker
71% of retail CFD accounts lose money

AvaTrade review
FAQ

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Author of this review

Adam Nasli

Author of this review

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

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

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71% of retail CFD accounts lose money

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