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AvaTrade

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Is AvaTrade a Reliable Broker? Find out

AvaTrade is a regulated broker that is based in Ireland and has seven licenses, including some tier 1 licenses. It offers a variety of products and tools that include automated trading and vanilla options as well as other features. It is a popular broker for CFDs and other trading products, but is AvaTrade a reliable broker that has the services you need?
The Broker Dispute team has produced this review which will detail the pros and cons of AvaTrade and will determine whether it is a safe, reliable broker. Broker Dispute experts have combined decades of experience in the financial industry and have worked closely with banks, regulators, and government organizations.
We guide consumers and help clients who have a broker complaint or may need to recover their funds. If you have issues with this broker or any other, speak to Broker Dispute professionals today.

AVATRADE

Year Founded 2006
Regulation FSA, ASIC, BVI, FFAJ, FSAC, ADMG and FRSA
Minimum Deposit 100 units of currency
Product Types Forex, cryptocurrency, indices, stocks, bonds, cryptocurrency, CFDs, vanilla options, commodities
Product Types Forex, cryptocurrency, indices, stocks, bonds, cryptocurrency, CFDs, vanilla options, commodities
Products Offered 1250 financial instruments

Introduction to AvaTrade

AvaTrade is based in Dublin, Ireland, and was established in 2006 under the original name of Avaex. It pledges to clients that its trading environment is “innovative and reliable” and highlights its personalized customer service.
AvaTrade is known as a CFD broker, and it should be noted that these are risky trading instruments. Many first-time investors lose money trading forex and CFDs. This doesn’t imply any fraudulent intent but it is the nature of this high-risk trading.
AvaTrade, like many forex and CFD brokers, does not accept U.S. clients. The reason for this is the number of restrictions in the US dealing with certain types of trading.

How We Analyzed AvaTrade

Broker Dispute is knowledgeable about what factors to look for when choosing the right broker. We consider carefully the following features when evaluating each broker. Since we often work with clients who have disputes with brokers, we are well aware of problem areas and red flags that can signal issues with brokers. It may not be so clear to the average consumer at first, but to us, we are aware of the signs of trouble ahead.
When selecting a broker, the first two criteria, regulation and charges, are the most important when determining whether the broker is legitimate.

Regulation

AvaTrade has seven licenses, including the tier 1 regulator ASIC from Australia. Its other licenses vary between tier 2 and tier 3, but one tier 1 license is enough to give AvaTrade a checkmark in the “well-regulated” category.
Some people have mentioned that AvaTrade does not have a license from the FCA or Financial Conduct Authority of the UK. However, it should be noted that the FCA has very steep requirements for licensees and while impressive, an FCA license is not a requirement for AvaTrade to be considered as well-regulated. The ASIC is sufficient.
However, it is important to note that even though a broker is regulated, that doesn’t mean that you don’t have to be vigilant and that no issues will arise. As a trader, it is important to stay aware.

Account Information and Charges

A client can open an account with AvaTrade with a minimum of 100 units of currency. It doesn’t charge commissions and has few fees, but it does make money through spreads. Its spread rate for EUR/USD starts at 0.9, which is a reasonable rate. AvaTrade has various fees, including inactivity fees and overnight rollover fees. These are not unexpected or high. AvaTrade does not charge fees for withdrawals or deposits.

Trading Products

AvaTrade offers a variety of CFDs that allows clients to trade forex, cryptocurrency, commodities, stocks, bonds, ETFs options, andindices. This is expected for a broker. It should be noted that CFDs carry significant risks, and is more a warning to the client rather than any negative reflection on the broker, since many brokers offer CFD.

Trading Experience

AvaTrade offers a variety of platforms and tools and provides clients with a broad choice. Like many other brokers, AvaTrade allows clients to use MetaTrader 4 and 5. These platforms allow for various types of trading, including automated trading. AvaTrader has its WebTrader platform that is lacking in features. However, AvaTrade lets clients engage in social trading through AvaSocial, ZuluTrade, DupliTrade, and MQL5. Clients can enjoy various tools to make trading easier, such as AvaTradeGo for mobile trades, AvaProtect, which can limit losses, and AvaOptions for vanilla options The flexibility and features of these platforms and tools is a selling point for AvaTrade among many clients.

Customer Service

AvaTrader offers support 24/5 through live chat, email, and phone numbers. There is an FAQ that answers many client questions.

AvaTrade Pros and Cons

We have summarized our findings on AvaTrade with the following pros and cons.
Pros
  • Top tier license through the ASIC
  • Social and automated trading
  • Vanilla options
  • Reasonable spreads
Cons
  • Does not allow US traders
  • No stop loss trading
  • Limited research resources

Is AvaTrade a Reliable Broker?

After researching AvaTrade thoroughly, Broker Dispute experts have determined that AvaTrade is a legitimate and safe broker because of its many licenses including the top-rated ASIC. It also has many apps and MetaTrader 4 and 5 which gives most traders all the features they need as well as social trading. This compensates for some features missing in its own WebTrader platform.
Even though we have found AvaTrade to be legitimate, that doesn’t mean that it is exactly the right fit for you or that no clients have issues with this broker. Even well-regulated brokers can get involved in disputes with clients and it is always essential to stay alert for any irregularities.

Do You Have an Issue with a Broker? Talk to Broker Dispute

If you have issues with a broker, from a dispute to fraudulent activity, speak to our experts. We provide clients with solutions and can help them on the road to fund recovery. Our professionals know how to get results for our customers with our connections and experience with the financial industry. Consult with us and we will take care of the rest.
Broker Dispute covers every aspect of fund recovery. Our experts are skilled in every type of scam including crypto scams, broker scams, identity theft and more. We use advanced tools and technology to investigate fraud and to empower
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