Plus500
- Min Deposit $100 or equivalent
- 2,000+ Tradable Assets
- Max Leverage: 30:1 , 300:1 professional clients
- Official Partner Atlético de Madrid
AvaTrade
Min $100
9.3/10 (Expert Score)
Product is rated as #3 in category CFD Brokers This AvaTrade review gives you all the key facts you need to decide if it’s the right platform for your money. Brought to you by Brokerage Compare.
PROS:
- Min Deposit $100
- Max Leverage: 400:1
- Tradable Assets: 1,250+
- Forex, Crypto, Stocks, Commodities, ETFs, Options & Indices
- Credit/Debit card, Bank transfer, Electronic wallets
- Web Trader, Mobile App, Desktop Trader, MetaTrader 5, MetaTrader 4
- Phone, email, live chat
- 29 Languages Supported
CONS:
- High inactivity fees
- No 24/7 support
AvaTrade Review
AvaTrade is a reputable online broker specialising in CFDs on commodities, cryptocurrencies, stocks, indices and more. It was founded in 2006, under the name Ava FX, by Emanuel Kronitz, Negev Nosatzki and Clal Finance. Today, its head office is in Dublin and it has regional centres in Paris, Milan, Sydney and Tokyo with a total head count of 400 staff. It’s trusted by 300,000 traders who place a total of 2m trades per month.
AvaTrade Fees Review
PROS:
- Low CFD fees
- No deposit fees
- No withdrawal fees
CONS:
- $50 after 3 consecutive months of inactivity
CFD Fees
CFD trading fees are low on AvaTrade. The table below outlines the fees for some popular instruments (disclaimer: fees correct at the point of publishing but please refer to broker for updated fees):
| Instrument | Margin | Spread | Overnight Interest (daily) Buy | Overnight Interest (daily) Sell |
|---|---|---|---|---|
| EUR/USD | 3.33% | 0.9 | -0.0064% | -0.0031% |
| GBP/USD | 3.33% | 1.6 | -0.0049% | -0.0047% |
| APPLE | 20% | – | -0.0166% | -0.0111% |
| Gold | 5% | 0.34 | -0.0053% | -0.0053% |
| S&P500 | 5% | 0.25 over market | -0.0058% | -0.0058% |
| Bitcoin | 50% | 0.35% over market | -0.0694% | -0.0333% |
Non-trading Fees
| Account Fee | Deposit Fee | Withdrawal Fee | Inactivity Fee |
|---|---|---|---|
| $0 | $0 | $0 | $50 after 3 consecutive months of inactivity |
AvaTrade Deposits & Withdrawals Review
PROS:
- Min deposit $100
- 4 account base currencies
- Credit/Debit card, Bank transfer, Electronic wallets
CONS:
- Additional verifications for credit card or third party deposits
- Skrill, WebMoney & Neteller not available to EU and Australian clients
Account Base Currency
When you open an account with AvaTrade, you will have the option of choosing between USD and EUR as your base currency. Additionally, if you’re based in Australia, you can select an account in AUD and if you’re based in the UK you can select an account in GBP.
How long will it take for my deposit to show on AvaTrade?
If you make the deposit over credit card, it’s instant. Deposits via e-wallets take 24 hours to show in your account. Wire transfers are the slowest, taking up to 7 business days.
What is AvaTrade minimum deposit?
AvaTrade minimum deposit is $100 or equivalent.
Are there any limitations on how I withdraw money?
Amounts up to 200% of your deposit must be withdrawn to your debit or credit card. Any funds above that can be withdrawn via other methods provided the receiving account is your name.
When will I have access to my money if I withdraw from AvaTrade?
Assuming your account verification process is complete, withdrawals to debit/credit cards and e-wallets take 24-48 hours. Wire transfers take far longer, up to 10 business days.
Can I withdraw any amount?
Yes, AvaTrade doesn’t set a limit.
Does AvaTrade charge withdrawal fees?
No, AvaTrade doesn’t charge withdrawal fees.
Are there any terms on where I direct any funds I withdraw?
AvaTrade expects you to verify your account before you can withdraw any funds. Additionally, the receiving account must be in your name.
Make your First Deposit with AvaTrade
back to menu ↑AvaTrade Account Types Review
You can easily open an AvaTrade account online. All you need is an email address or, alternatively, you can use your Facebook or Google account. Then you get two options: you can either try out the platform using play money with a demo account or you can start trading directly with a real account.
There is an additional verification process. In order to prove your ID, you will need to upload a copy of your passport, ID card, driver’s licence or any other document that contains your name, photo and date of birth. As proof of address, you will need to upload a recent utility bill or official municipality document or an affidavit signed by the Police and a Commissioner of Oath.
Platform Languages
The AvaTrade platform is multilingual with 29 languages: English, 繁體中文, 简体中文, South Africa, Türkçe, ไทย, Svenska, Русский, Português (BR), Portugal, Polski, Nederlands, Nigeria, Melayu, Mongolian, 한국어, 日本語, Italiano, Indonesia, Magyar, Canada Français, Français, Suomi, Friedberg-fr, Friedberg-ca, Spanish-mx, Chile, Español, English-UAE, Deutsch, Australia, العربية, UAE, Canada.
Open a Trading Account with AvaTrade
back to menu ↑AvaTrade Platforms & Assets Review
PROS:
- 1,250+ tradable assets
- Forex, Crypto, Stocks, Commodities, ETFs, Options & Indices
- Web Trader, Mobile App, Desktop Trader, MetaTrader 5, MetaTrader 4
CONS:
- None
DupliTrade
If you’re not sure where to start or if you don’t have time to consider different options, AvaTrade offers a popular feature called DupliTrade, which allows you to copy the actions of expert traders. When you open a DupliTrade account, you will start receiving signals directly to your AvaTrade account and a min deposit of $2,000 will give you access to DupliTrade’s portfolio of leading strategy providers, traded on your Competitive Spreads account.
Start Copy Trading with AvaTrade
back to menu ↑AvaTrade Customer Service Review
PROS:
- Phone, email, live chat
- Detailed FAQs
CONS:
- No 24/7 support
AvaTrade offers good customer support but it’s only available on weekdays. You can reach them using phone, live chat or email across a number of international call centres and languages.
back to menu ↑Is AvaTrade legit?
| Regulator | License | Legal Entity |
|---|---|---|
| Central Bank of Ireland | C53877 | AVA Trade EU Ltd |
| Australian Securities and Investments Commission (ASIC) | 406684 | Ava Capital Markets Australia Pty Ltd |
| South African Financial Sector Conduct Authority (FSCA) | 45984 | Ava Capital Markets Pty |
| Financial Services Agency in Japan | 1662 | Ava Trade Japan K.K. |
| Financial Futures Association of Japan | 1574 | Ava Trade Japan K.K. |
Is AvaTrade legit?
- Yes, it is authorised and regulated by the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the South African Financial Sector Conduct Authority (FSCA), the Financial Services Agency and Financial Futures Association of Japan and the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA).
Is there negative balance protection on AvaTrade?
- When you open an account with AvaTrade, you don’t need negative balance protection because you can’t lose more that what’s in your account. If, however, the market does put you in a negative balance, AvaTrade will refund the difference via a tool called Negative Balance Adjustment.
Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Specification: AvaTrade
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Videos: AvaTrade
Photos: AvaTrade
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