AvaTrade is an international Forex & Options broker, that is part of the Ava Group of companies. They are one of the oldest CFD brokers, founded in 2006, with offices worldwide.
Contact phone numbers are; United Kingdom: +442033074336, Australia: +61272018721, and South Africa: +27319800174. You can also add them on WhatsApp +447520644093. Contact email address is: [email protected]. Official website is: AvaTrade.com.
AvaTrade Broker Review
Our review of this broker shows that clients of AvaTrade can use the proprietary web-based trader platform, MT5, MetaTrader 4, AvaOptions or AvaTradeGo. Spreads on major forex pairs start as low as 0.9 pips. Their list of available assets for trading at AvaTrade includes over 200 Forex pairs, Commodities (oil, gold silver), Indices (majors and minors) and stocks. Of course you will find Crypto Currencies like; Bitcoin, Ethereum, Dash and XRP. Spreads on $BTCUSD CFD trading is around $40.
Additionally, Ava Trade offers Oil Futures Trading. With oil futures contracts, investors can trade 3, 4 and even 8 months out on the Crude Oil contracts offered on their platform.
In May 2024, Ava has launched their new futures trading platform called AvaFutures. While AvaTrade has been popular for the past 17 years as a CFD broker, with their launch of futures trading they are now competing directly with the likes of Interactive Brokers.
Futures trading is available in partnership with CME Group which is the largest futures exchange in the world. Day traders now have access to the e-mini futures on the S&P 500, along with many other assets like; Oil, Gold, Silver, Gas, Dow Jones, Nasdaq 100, FTSE and more. AVAFutures is offering trading on the new MT5 trading platform.
Minimum deposit for a new trading account is only $100, and the margin rates vary depending on your country. What really sets this broker apart from other brokers, is their unique trading platform, and the fact that they offer options trading.
Open a free trading account today, register here.
Automated Forex Trading
One of the most popular aspects of this broker is the wide selection of automated trading solutions they offer. They offer a new trading app called AvaSocial, and they are integrated with external signal providers like DupliTrade, MQL5 Signals and ZuluTrade.
ZuluTrade is a nice software for those trades seeking automated Forex trading by mirroring / copying the trades of other traders. (We caution you, that using automated trading software is extremely dangerous, and can result in the loss of your entire trading account.)
Is AvaTrade a Regulated Broker?
Yes, AvaTrade is licensed and regulated by various governmental financial regulators, depending on your country of residence. Using a regulated broker means you have a place to go if you have a problems with your broker.
- Ireland: AVA Trade EU Ltd is regulated by the Central Bank of Ireland, license number C53877, which covers the entire European Union.
- Australia: Ava Capital Markets Australia Pty Ltd is regulated by ASIC in Australia, license number 406684.
- Japan: Ava Trade Japan K.K. is licensed by the FSA Japan #1662 & the Japan FFA #1574.
- Canada: Friedberg Direct is a member of the “CIRO”, Canada Investment Regulatory Organization.
- South Africa: Ava Capital Markets Pty Ltd is licensed in South Africa by the FSCA with FSP license 45984.
- United Arab Emirates: Ava Trade Middle East Ltd is their gulf region entity, which is regulated by the Abu Dhabi Global Markets FRSA license 190018.
With the recent volatility in the Forex markets, traders are now very much aware of the importance of only trading with a licensed and regulated Forex broker.
*71% of retail investor accounts lose money when trading CFDs with this provider.
AvaTrade Complaints
There are many complaints about brokers in general, and it is important to understand where they are coming from.
A primary reason that investors complain about their broker is because of withdrawal issues. Two reasons why you are having problems making a withdraw is;
- A. You have not properly verified your identity with the broker, and certain KYC documents are missing.
- B. You accepted a bonus and did not understand the trading requirements associated with the bonus.
Take a few minutes to read more about broker complaints, look here.
Compare Regulated Brokers
There are many Forex brokers to compare and choose from online. You can find reviews of other licensed forex brokers listed here.
ForTrade is also a popular broker, with a license and regulation from Canada, Australia, Europe and England, see here. Try a Free Demo Account, on their awesome trading platform, signup here.
If you are currently trading with AvaTrade, please share your experience using this broker in the comments below.