Avatrade Review – Fees, Minimum Deposit, Withdrawal

Avatrade Review – Fees, Demo Account and Minimum Deposit

 

Avatrade is one of the best online trading platforms available in the market. It offers a demo account for all traders, a low first deposit, and a very competitive platform.

avatrade review

Continue reading our Avatrade review to learn how you can open a free Avatrade account, and to know what commissions and fees the broker has.

Is Avatrade a scam? Well we investigate for you in our regulation section to explain why Avatrade is a legit and rescognised broker.

*Your capital might be at risk

Let’s begin!

Overall Rating           4.7/5

Deposit & Withdrawal 4/5

Account Security      4.9/5

Trading Platform       4.5/5

Fees & Commisions  3.7/5

Education                  4.2/5

Account Opening     4.4/5

Customer Service        4/5


Avatrade general information

All prices in Excl

$Free
All prices in Excl
  • Avatrade Minimum Deposit : $100
  • Minimum Trade : 0.01 lots
  • Leverage : up to 1:30*
  • Assets : 2000+ (CFDs, Forex, ETFs, Indexes, Stocks & Commodities)
  • App : Yes
  • Demo Account : Yes
  • Trading Webinars : Yes

 

Avatrade Availability

Avatrade is a regulated broker available in many countries worldwide. The platform accepts users from Europe, Africa, South America, Asia, the Middle East, Australia and New Zealand.

The banned countries from where the broker doesn’t accept clients are: the USA, Canada, China, and North Korea.

In the future, it is very likely that the broker may offer service to clients in those missing countries.

*Your capital might be at risk

 

Avatrade Review: Scam or Safe?

One of the main questions, many users have asked online is: is Avatrade a scam?

avatrade scam

On this review we can officially state that the company is trusted and legit. We know this because they are regulated by many various authorities.

Here are some examples of their regulations:

  • Avatrade EU ltd: regulated by the central bank of Ireland (reference number C53877)
  • Avatrade EU ltd: regulated by the Polish Financial Supervision Authority
  • Ava Capital Markets Australia Pty Ltd is licensed in Australia by the ASIC (Reference Number: 406684)
  • Ava Trade Ltd is also registered in the British Islands and regulated by the British Virgin Islands Financial Services Commissions (#SIBA/L/13/1049)
  • Ava Trade Japan K.K. is licensed and regulated in Japan by the Financial Services Agency (#1574)
  • Ava Capital Markets Pty Ltd is regulated in South Africa by the FSCA (#45984)
  • Avatrade Ltd is also regulated in the Middle East by the FSRA

This means the broker has 7 different licences and is allowed to operate in all those mentioned territories. This makes the company safe a secure to invest with.

The broker was found in 2006, and since it has been established, it has won a remarkable series of prices in the financial industry.

For instance, in 2019 Ava Trade has been rewarded as the one of the most innovative CFDs broker in the UK.

From 2015 to 2019 AvaTrade has always been listed in the top 3 best Forex brokers across the world by companies such as FXEmpire and The European. In 2018 they also won the price as most reliable broker for forex and CFDs from FXEmpire, and in 2019 the broker won the prize for ‘Most Innovative CFD Broker UK’ from the International Business Magazine. All very impressive awards to lay claim to.

The broker is very popular in the UK, a big part of its management is composed by British experts with many years of knowledge in the trading industry.

*Your capital might be at risk

 

Avatrade Key Features

Listed here are the key features of the platform:

  • Avatrade Minimum Deposit:$100 and for UK £100
  • Minimum Trade: 0,01 lots (micro lot)
  • Leverage: up to 1:400 (1:30 for EU residents)
  • Assets:1000+ (all CFDs)
  • Plus500 App: AvaTrade GO
  • Plus500 Demo Account: Yes
  • Platform:MT4, MT5, WebTrader, Mac Trading

*Your capital might be at risk

Avatrade has a large offer of different platforms to trade on. Its self-developed web version is very user-friendly and easily understandable. Besides this, the broker offers the Metatrader 4 and Metatrader 5 platforms, with the MetaTrader platforms you can trade with an Expert Advisor.

We should also highlight the new AvaTrade GO App. The broker’s App is one of the best trading Application that we have seen. On the app, all the financial assets are available, plus to download and install it is very easy. You just need an Adroid or iOS smartphone or device to install the app onto. You’ll be able to access your trading account on the app once you’ve registered for an account online.

The Avatrade minimum deposit is only $100, which makes the broker affordable for the majority of users who would like to start trading.

Finally, thanks to the demo account which is available for both the App and web formats, everybody can open a free account and test their strategy using virtual money.

 

AvaTrade Demo Account

The company offers to all new traders, the opportunity to have a free demo account that comes with $100.000 of virtual money.

avatrade demo account

Once you have completed your registration, you will have a demo account available. From your profile, you can always swap between the real account and demo account.

The demo is available for all versions of AvaTrade. Also on the App there is the virtual account funded with $100.000.

The demo version allows you to train and test your trading strategies without the risk of losing money. It is very important to remember that the money available on the demo account is not real money, and for this reason can’t be withdrawn.

Once you feel ready to begin trading with real money, you just need to proceed with the first deposit and fund your real account.

*Your capital might be at risk

 

Avatrade Cryptocurrency Trading

avatrade cryptocurrency

The broker has been one of the first to offer many cryptocurrencies among its assets. This means that on Avatrade it’s possible to trade:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Cardano
  • Bitcoin Gold
  • Dash
  • Iota
  • Ripple
  • Ios
  • Steller
  • NEO
  • Bitcoin Cash

This list show how big the cryptocurrency range is on the platform. They can be traded with traditional currencies (i.e. BTC/USD which compares Bitcoin and the American Dollars), or between each other (i.e. BTC/ETH which stands for Bitcoin vs. Ethereum).

The cryptocurrency assets can be found under the ‘Cryptocurrency’ section on the platform. They are available on the App too.

Each position can be opened with a minimum volume of 0,01 lots.

The cryptocurrency market is open 24/7. These are the only markets available on the weekend. So on Saturday and Sunday it’s possible to sell or buy Bitcoin without waiting for the Wall Street opening on Monday.

*Your capital might be at risk

 

Avatrade Review: Spread and Commissions

Spreads and commissions by Avatrade are quite low. The broker applies a spread of 0,9 pips on EUR/USD and from 1,1 to 1,6 pips on the other major currencies.

avatrade fees

Here is a better overview:

  • EURUSD – 0,9 pips
  • USDJPY – 1,1 pips
  • AUDUSD – 1,1 pips
  • EURGBP – 1,5 pips
  • GBPUSD – 1,6 pips
  • USDCHF – 1,6 pips
  • EURJPY – 1,8 pips
  • NZDUSD – 1,8 pips

For more experienced traders who qualify as professional traders, there’s the opportunity to have a trading account with lower spreads. For instance EURUSD will go from 0,9 pips to 0,6 pips.

It’s also important to mention that the broker is commission free for the trading activity of each user. The only fee is a small swap commission which is applied to trades that are left open for many days.

*Your capital might be at risk

 

Avatrade App: Avatrade GO

avatrade app

The broker has recently launched its new App, called Avatrade GO. It also won the prize of ‘best trading App 2020 from the Global Forex Awards.

The App can be easily downloaded and installed from every App store. It’s available for Tablets and iOS and Android devices.

Once an account has been opened or connected to the App, it’s possible to trade and check all the charts from there.

You can control your account using the buttons near the bottom of the main screen. From here all the market options, the open positions, the closed ones and the general balance can be viewed.

Near the top of the main screen, it is possible to analyse every single market, see the trends and also see what other traders are doing.

This  tool to see what other traders are doing is a new feature from the company. It works like a social network where traders can talk about investments, share their ideas and strategies and copy each other.

The markets available on the App are exactly the same as the web version. Also the spreads and commissions are exactly the same as the online version on the platform.

The App functionality is very simple. If you want to open a trade, you just to follow these steps:

  1. Select your market (i.e. EURUSD)
  2. Select either the amount of money you want to invest, or the volume in lots
  3. Enter the take profit and stop loss if you want
  4. Choose to buy or sell
  5. Monitor you trade

*Your capital might be at risk

 

Avatrade Copy Trading

Copy Trading is a very popular trading technique, especially for beginners. Avatrade offers the opportunity for traders to copy strategies and investments of other platform users.

avatrade copy trading

Copy trading has many advantages, for example:

  • It can help new traders to familiarise with trading and the platform
  • Helps newbies to learn new trading techniques
  • Is a great way to let more experienced traders get involved with the trading community and build a reputation by sharing their own trading strategies

*Your capital might be at risk

 

How to start copy trading on Avatrade?

To start copy trading on Avatrade, you first of all need to open a trading account by clicking the button below. You need to have the Zulutrade or Duplitrade software connected to your account.

Once this has been approved by the compliance team, you can select the person you want to copy the trades from.

All people on the platform are legit traders, investing with a real live account. On their profile you can view their performance and their risk strategy. All this information is public and visible to other users.

When you have found a person who matches your trading style and goals, you can just select their profile and start copying their trades.

*Your capital might be at risk

 

Avatrade Education

Avatrade has a great offer of educational material available for you to learn the basics of trading, but if you’re a professional trader, there’s a lot of great educational tools for you as well.

avatrade education

Once you’re on the broker’s website, you’ll be able to access these following sections:

  • Trading for beginners
  • Professional trading techniques
  • Economic indicators
  • Order types
  • Trading ebooks
  • Trading videos

On the trading for beginners section, you can find the basic information about trading such as pips, lots, volume, trading trend, what are CFDs, what is forex, etc.

For more experienced traders there are explanations and examples of how to use professional trading techniques like Fibonacci, RSI indicator, and the moving average indicator (plus others).

On the Economic indicator section there is a good explanation about the use of indicators when trading and how to use some of those for the European, American and Asian markets.

The order types section gives a good explanation of the meaning and use of pending orders, how to set them up, and how to know which one to use in the right moment.

Finally the trading ebooks and video are digital sources that can be used to study new trading techniques and watch tutorial videos to learn how to trade.

*Your capital might be at risk

 

How to open an Avatrade Account

Opening a new account with the broker is completely free. You can easily do it by clicking on one of the buttons on this page.

The next step in order to open a free account with Avatrade, is to fill the form with your personal details and click to proceed.

avatrade registration

Regarding your personal details, the broker requires your name and surname, an email address, a telephone number and a password.

The broker will send you a confirmation email that you need to confirm within 24 hours.

After this process, you can log into your Avatrade account and proceed with your first deposit and then make your first trades.

If you want to test the broker first without making a deposit, there’s the possibility to use the free demo account and test your strategies with the virtual money available on the demo account.

A second important step that the broker is required to complete for every user is to verify your identity. You just need to upload a copy of your passport and ID card, plus provide a proof of your residence.

These documents are required by every regulated broker by law. The complete process is totally safe and legit, and if you have any questions the Avatrade customer support team will be happy to help.

*Your capital might be at risk

 

How to trade on Avatrade

Once you have completed your registration, you will be able to open and place your first trades.

avatrade review

To start log into your account to access the main dashboard, you can see the main dashboard from both the mobile and web versions of the platform. On the dashboard the full list of available assets will be shown. (i.e. EURUSD, GBPUSD, EURGBP, DAX, FTSE, Bitcoin, etc.).

In order to trade via the Avatrade web version, you need to follow these steps:

  1. Click on buy or sell on your desired market asset
  2. On the right side of the screen you can select the amount of money you want to invest
  3. Here you can select the take profit price
  4. You can also select the stop loss price
  5. Then you can select the price to buy or sell by clicking on “execute when price hits”
  6. Finally, by clicking on the sell or buy button the trade will automatically start

From the section “positions” it is possible to monitor the open trades and their trend.

If you go to the section saying “orders” it’s possible to monitor the pending orders waiting to enter into the market.

Finally, on the “history” section it’s possible to monitor the closed positions. You can see the prices they have been closed to, plus the profit or losses they have generated.

The same trading process is valid also for the App version and the mobile version too.

With Avatrade it is also possible to trade with the metatrader 4 and metatrader 5 platforms. We’ll take a closer look at that next.

*Your capital might be at risk

 

Avatrade: trade on the Metatrader 4 or Metatrader 5

Once you have opened your account on Avatrade, it is possible to download the Metatrader 4 or Metatrader 5 platforms and then connect your trading account with it.

avatrade mt4

You just need to add a new account, select the Avatrade server and enter your account number and the password.

In order to open a trade on the MT4 or MT5 you need to follow these steps:

  1. Select the desired market
  2. Click towards the top of the menu on where it says “open new trade”
  3. Enter the trading volume in lots
  4. Enter the stop loss and take profit prices
  5. Click on buy or sell

On the bottom part of the screen you can monitor you opened positions with the relative take profit price, stop loss price and the trading volume. Within the History section you can see the closed trades and how much profit or loss they have brought.

*Your capital might be at risk

 

Avatrade Minimum Deposit

The minimum deposit by Avatrade is $100.

For British clients it is £100 and for European clients it is €100.

To make a deposit, you need to log into your Avatrade account and click on “deposit” near to the left column of your dashboard screen. Then you need to click on “fund your account” and in the center of the screen you will be able to select the amount of money you want to deposit, and choose the deposit method.

avatrade deposit

The company offers a wide range of deposit methods:

  • Credit Card VISA
  • Credit Card Mastercard
  • Bank Wire Transfer
  • Skrill
  • Neteller
  • e-wallet (Bitcoin)
  • Local Payment methods (i.e. Sofort Überweisung in Germany)

After selecting the deposit method, it’s possible to enter the personal details for the payment.

If the first deposit has been made with a wire transfer, the money is accredited to the account within 2 – 5 working days. With every other payment method the money is accredited within 5 minutes.

*Your capital might be at risk

 

Avatrade Withdrawal

avatrade withdrawal

In order to withdraw your money from Avatrade, you’ll first need to verify your account. This is normally completed during the account setup stages, but double check that it has been finished. Once that is done you can proceed with making a withdrawal.

You need to click on the “Withdraw Funds” section of the dashboard menu, and then select from which one of your accounts you want to withdraw your money from.

Reminder: you can’t withdraw any money from the demo account because the demo contains only virtual funds, not real money.

To complete you withdrawal you need to select the desired bank account or card you want to receive your money in.

The platform saves your bank or card details of the first deposit method used to fund your account. In case you want to receive your money in there you just need the check if the last 3 digits are correct and proceed with the withdrawal.

It’s also possible to receive the money on a different bank or card. In this case it is necessary to enter the new details onto the system.

The minimum withdrawal possible by Avatrade is $100 and withdrawing money is commission free.

The request will be the reviewed by the finance team and approved within 24 hours.

Once it has been approved the money will be accredited on you bank account within 3 working days, or onto your credit card within 5 working days.

*Your capital might be at risk

 

Avatrade Support

avatrade support

The broker has one of the best customer service teams in the market. If you have any problem with your demo account, your deposit or your withdrawal, you can easily contact the customer support.

There are many ways to do it:

  • Live chat
  • Email
  • Phone

The live chat button can be found directly towards the bottom left corner of your personal trading dashboard. By clicking on that, usually within 15 minutes, an operator will get in contact you and help you with your query.

If you want to contact the broker by email, you can do it by filling the contact form here and providing all the necessary details: https://www.avatrade.com/about-avatrade/contact-us

You will receive an answer within 2 working days.

For urgent questions you can contact the company by telephone. For every individual country there’s a different phone number you can call. All numbers can be found on the link above.

The Avatrade Customer support is available 5 days a week, 24 hours a day.

The company provides its support service in multiple languages:

  • English
  • Italian
  • Spanish
  • German
  • Dutch
  • Czech
  • Slovak
  • Danish
  • Polish
  • Portuguese
  • French
  • Arabic
  • Norwegian
  • Bulgarian
  • Hebrew
  • Chinese

*Your capital might be at risk

 

Avatrade Review: Conclusion

Avatrade is a legit and regulated broker. It has several licences from around the world and has created a user-friendly platform that everybody can use.

The fact that the broker offers a first deposit of only $100 makes it available to a large number of people. Despite the low minimum deposit, the broker offers also very low spreads and commissions.

On top of that there is the opportunity to use the copy trading tools and the educational material which can help all beginners to learn trading and start a trading career.

Finally, the very responsive customer support and the languages available, brought us to the conclusion that Avatrade is one of the best brokers for forex and CFDs.

*Your capital might be at risk

 

Here you can read more about other forex broker listed on this website.

Marco Sbalchiero

Author of this article and founder of Tradingonlineguide.com

My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.

In my spare time I enjoy cooking and travelling.

Here you can learn more about our review methodology.