AvaTrade

AvaTrade, originally named AvaFX, was established in 2006 as a reputable Forex broker specializing in Forex and CFD trading through various platforms. Regarding security, AvaTrade is regulated by the Central Bank of Ireland, which is a significant advantage compared to many other brokers that are regulated in Cyprus.

We tested AvaTrade in various ways, focusing on their customer support quality, training, and responsiveness. We also thoroughly reviewed their services and platforms. Their different fees, including non-trading fees or spreads, are generally acceptable.

With their comprehensive CFD services, AvaTrade allows you to access many markets. After analysis, we can say that it is an ideal broker to diversify your investment portfolio safely when trading online.

Why choose AvaTrade?

• Best CFD trading Advanced tools Social trading
• Minimum deposit 2,300,000 VND
• Maximum leverage 1:400

ACCESS

• Advantages
• 24/7 trading of multiple cryptocurrencies
• Social trading and copy trading
• Standard options trading
• Disadvantages
• Limited deposit methods
• Higher than average price spreads

Opening an account with AvaTrade is a relatively smooth process with attractive bonuses. To open an AvaTrade account, click on “Create Account” on the official website of the trading platform. Then, fill out the personal information and account opening form. Next, the platform will request that you verify your identity.

This process is part of the Know Your Customer (KYC) policy. As you may already know, all financial organizations are required to verify the identities of their customers. This is to protect the financial system, including against money laundering. Therefore, do not hesitate to provide the required documents for verification.

To verify your account, you will need to submit a scanned copy of your ID card or passport, as well as proof of residence such as utility bills or residence certificates. The data in your documents must match the information you entered into the system. Be sure to check the information carefully before confirming. After verification, you can deposit money on the AvaTrade platform.

Note that you cannot change the base currency unit of your trading account. So make the right choice. However, you can add new accounts with different currencies and transfer funds between them. The available base currencies are EUR, USD, GBP, and AUD.

AvaTrade offers a welcome bonus to its clients. To receive the bonus, you need to deposit at least $1,000 (23,000,000 VND). The bonus will be credited to your account as additional trading capital. Besides your initial deposit, this bonus significantly increases your margin amount. If you are interested in the bonus, contact AvaTrade’s support team to see if you qualify.

However, the bonus also comes with some conditions! The conditions may vary, but note that you will need to reach a certain trading volume on AvaTrade before you can withdraw the bonus. That’s why we advise you not to accept any bonuses on this broker’s platform.

Account types

AvaTrade mainly offers 3 types of accounts: Standard account, Pro account, and demo account.

Most traders can access the Standard account, which has a limited leverage of 1:30. After the European Securities and Markets Authority (ESMA) tightened leverage rules in 2018, most CFD trading platforms now offer this type of account.

The main advantage of the Standard account is that it protects your trading capital from negative balance. Indeed, if you trade on margin, your trading capital can go below zero. AvaTrade offers this type of account to reduce the risk for its customers.

Traders on the Pro account can benefit from leverage up to 1:400. However, access to the Pro account requires a condition: you must be a professional fund manager and thus manage a large amount of capital.

AvaTrade’s demo account allows you to test the various platforms of the trading platform. AvaTrade has exclusive platforms, so it is wise to start with a demo account to grasp the different trading tools. The demo account allows you to access the markets like the Standard account. You can test your strategies in real time on AvaTrade.

Deposit and Withdrawal

Ava Trade only offers 4 forms of deposit and withdrawal which are Visa/Master cards, bank transfers, Skrill and Neteller. Ava Trade does not apply any fees for both deposits and withdrawals.

Methods	Visa, Master Card	Bank transfer	Skrill	Neteller
Minimum deposit	100$	500$	100$	100$
Maximum deposit	20.000$	55.000$	1.000.000$	50,000$
Processing Time	Right away	10 Day	24 Hours	24 Hours

When withdrawing funds, you can always register for bank transfer by providing your bank account information on the platform. However, with other withdrawal methods, you cannot withdraw more than the initial deposit. If the withdrawal amount exceeds your initial deposit, the difference will be transferred to your bank account.

Assuming you deposit €100 (2,700,000 Vietnamese dong) for each credit card, after a few transactions, you manage to double your capital and then request to withdraw €200 (5,500,000 Vietnamese dong) from the card. In this case, the initial €100 (2,700,000 Vietnamese dong) will be returned to the card, and the winnings will be transferred to your bank account.

Transaction fees

The transaction fees at AvaTrade are quite affordable, but the platform does not charge any inactive fees.

AvaTrade usually does not charge commission fees. Therefore, positions only depend on the spread, which can vary. The average spread is 1.3 pips on the EUR/USD pair. This is a commission-free spread advantage because it can increase to over 2 pips on some trading platforms.

The spread is expressed in pips or percentage rate, and we provide the following table of the spread level for some of the most common assets.

Tài sản	Chênh lệch tính theo pip	Chênh lệch tính bằng %
EUR/USD	1,3	Không áp dụng
Apple	Không áp dụng	0,13
Vàng	0,4	Không áp dụng
Bitcoin	Không áp dụng	0,75

AvaTrade charges a fee of $50 (1,150,000 VND) from your account after 3 months of inactivity. In addition, a maintenance fee of $100 (2,300,000 VND) is deducted after 12 months of inactivity. The cost of inactivity at AvaTrade is quite high. Please consider withdrawing your funds if you do not trade for a period of time.

Other transaction-related fees such as overnight fees or transfer fees may also apply to your accoun

Trading platform

In addition to Metatrader, AvaTrade has its own trading platforms.

To tap into the financial market, you need a trading platform. AvaTrade offers you multiple platforms to analyze the market and develop your strategy. The exchange provides Metatrader 4 as well as the proprietary platforms AvaOption and AvaTradeGo.

Metatrader 4

Metatrader 4 is a simple and user-friendly platform that combines all the features you need to trade successfully. It is suitable for both novice traders and experienced traders, which is why it has become the most popular trading platform.

With the built-in indicators, you can use Metatrader 4 for your technical analysis. It is also easy to add new indicators or program them yourself. In fact, MT4 has a dedicated section for programming using the MQL4 programming language. MT4 also allows you to add expert advisors as a plugin. These are automated trading programs that execute trades on your behalf.

AvaOption

AvaOption is an exclusive platform of AvaTrade designed specifically for trading options. It is a very powerful options trading platform that provides abundant information on Forex currency pairs. It combines advanced risk management tools to protect the capital of AvaTrade’s clients interested in options.

AvaOption also comes with a built-in chart for technical analysis. However, this platform is more complex than Metatrader 4. Nevertheless, AvaTrade’s demo account allows you to explore its features without any risk.

AvaTradeGo

In addition to providing the Metatrader 4 with its mobile version, AvaTrade has developed its own trading app called AvaTradeGo. The app is available in versions for both Android and iOS operating systems. This is a compact and intuitive designed app.

Furthermore, AvaTradeGo also has a small chart that allows you to track the fluctuations of the assets you are interested in while on the go. The mobile platform also offers the ability to create a pre-selected list of the assets you choose, as well as allowing you to quickly search for the information you need.

Financial Market and Products

In addition to providing MetaTrader 4 with its mobile version, AvaTrade has developed its own trading app called AvaTradeGo. The app is available in versions for Android and iOS operating systems. It is a sleek and intuitive designed app.

Furthermore, AvaTradeGo also features a small chart that allows you to track the movement of the assets you are interested in while on the go. The mobile platform also provides the ability to create watchlists for the assets you choose, as well as allowing you to search for information more quickly.

Provision of various types of CFDs suitable for all types of investors

Through the AvaTrade platform, you can trade in Forex, CFD indices, stocks, ETFs, cryptocurrencies, commodities, as well as options. The following are the common types. Common options are derivative instruments that allow the sale or purchase of an underlying asset at a predetermined price within a certain timeframe. Common options are simpler than exotic options or American options, which have more settings than just buying or selling call and put options.

Options on the AvaTrade exchange are mainly provided for Forex currency pairs, gold, and silver. With AvaOption, you can use option strategies such as hedging, loosening, or tightening.

When it comes to CFD trading, you will find the following markets on AvaTrade:

• oil, gas, gold, silver, platinum, as well as some agricultural assets.
• Stocks: You can trade CFDs of all the most traded stocks in the world.
• ETFs: some ETFs are also listed as CFDs.
• Cryptocurrencies: If you are a lover of virtual currencies, you will find the most popular cryptocurrencies like Bitcoin, Ripple, Ether, Dash or Litecoin on AvaTrade.

Study

A control panel equipped with full analysis and research tools

AvaTrade platform has a wealth of resources. You will find many analytical tools such as an economic calendar or Autochartist. The latter is an automated technical analysis tool compatible with Metatrader 4. Autochartist analyzes the market for you and searches for the best trading opportunities.

If you enjoy fundamental analysis, AvaTrade provides you with another tool called Sharp Trader. This is a daily market news source with AvaTrade’s team of expert analysts.

Customer support

Good customer support with multilingual phone support.

AvaTrade strives to create a good impression with its customers or potential customers. Since its establishment, the trading platform has continued to provide support in new languages. It is one of the few trading platforms that offer customer support via phone in the local language in countries where there is no office.

You can contact them through live chat or email. Live chat is fast and convenient enough to provide answers to your questions regarding AvaTrade’s trading platforms or other brokerage service information. Agents are always ready to provide you with links to resources available on the AvaTrade website for further information.

Training

Free online trading training with 56 videos.

AvaTrade offers a free training course on their website. This course is suitable for helping you understand all the basic features of the financial market and online trading.

In addition, there is a version of the course in the form of articles for those who prefer reading. To receive the PDF version of the training course, AvaTrade provides you with an email exchange.

Security

The exchange uses advanced technologies to secure your trades.

• AvaTrade has registered with multiple regulatory agencies worldwide. In Ireland, the trading platform is managed by the Central Bank of Ireland, which sets it apart from many other exchanges that are only regulated by CySec in Cyprus.
• Additionally, the exchange is licensed by the Australian Securities and Investments Commission (ASIC), the regulatory agency for its branch in Australia.
• AvaTrade has an office in Japan, which is under the supervision of the Financial Services Agency (FSA) and the Japan Financial Futures Association (FFAJ).
• The trading platform also operates in South Africa, under the oversight of the Financial Sector Conduct Authority (FSCA).
• AvaTrade’s international branch in the British Virgin Islands is regulated by the British Virgin Islands Financial Services Commission.
• For transactions made through its platform, AvaTrade has utilized McAfee Secure technology to ensure the protection of customers’ funds. It’s worth noting that AvaTrade’s receivables are kept separate from the support accounts of their various partner banks around the world.

Conclude

We have a positive assessment of AvaTrade. When it comes to security, the trading platform easily convinces any trader, including monitoring and management oversight across all continents, account segregation, and the use of the latest encryption tools to ensure smooth transaction flow on its platform.

They offer a diverse range of methods. AvaTrade not only provides complex tools such as options, but also offers simple products such as CFDs on stocks or cryptocurrencies. Customer support is available in French and always ready to answer your questions.