AvaTrade Review
What is AvaTrade?
AvaTrade is a forex broker established in 2006 with offices located across 5 continents and licensed by ASIC, FSA, and other regulators.
AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms with over 50 currency pairs, cryptocurrencies, vanilla options, as well as CFDs for ETFs, Indices, Stocks, precious metals and commodities.
Please read AvaTrade Reviews below and share live trading experiences with this broker.
If you submit a review and it is not on display within 10 business days, please CLICK HERE, and read the thread. It explains over 90% of review rejections as well as reviews that are approved, but not publicly displayed.
September 2013: AvaTrade has not been able to provide the FPA with information about how the company can tell what is a normal off-market fill vs. what is arbitrage.
Until this issue is resolved, the FPA recommends against using Forex News Gun software or any other news trading software with AvaTrade.com.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 30:1 |
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Minimum to Open Live: | $100 |
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Established: | 2006 |
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Address: | Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland |
Contact: | cs@avatrade.com, 353 766803327 |
Regional offices: | |
Regulators: | ASIC #406684, CBI #C53877, FFAJ #1574, FSA #1662, FSCA #45984, AD-FSRA #190018, BVI FSC # |
Prohibited countries: |
Trading platforms: | MT4, MT5, WebTrader, AvaOptions, AvaTradeGO, DupliTrade, Trading Central |
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Web Trading: | β Yes |
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Mobile Trading: | β Yes |
Currencies: | (55+) |
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Cryptocurrencies: | (10+) Bitcoin, Litecoin, Ethereum |
CFD: | (500+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | β Yes |
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Scalping: | β Yes |
MAM: | β Yes |
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ZuluTrade: | β Yes |
Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Boleto, DinPay, FasaPay, gCard, Neteller, PaySec, SafeCharge, Skrill, VoguePay, WebMoney |
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Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Boleto, DinPay, FasaPay, gCard, Neteller, PaySec, SafeCharge, Skrill, Tranzila, UnionPay, VeriTrans, VoguePay, WebMoney |
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AvaTrade Most Helpful Customer Reviews
IT IS MY FAULT BUT THEY TAKE ADVANTAGE OF YOU
this app is not for a long term investor. They force pre defined levarage, charge you swap every 10 days, account manager was not honest or up front about details until i started losing money recommending i put more, instrument details do not pop up in an obvious place, educational videos are not all relevant (e.g. lot concept), details about the trade do not include % of specific trade against total equity
Is it not fair to warn the trader before executing? To warn this app is for active investors? To display leverage details after trade is open?
I can go on and on. This app is for advanced users who want to be active traders, and can read through the indirect scams
Please, be informed that AvaTrade is a broker, providing leverage for executing trades. This information is acknowledged on our websites, FAQs, Trading conditions and general Terms and Conditions. A fixed leverage banner is also attached and shown on every single webpage on each website we have.
The overnight interest, which is referred to as Swap, is also mentioned in our websites, FAQs, Trading conditions and general Terms and Conditions.
We wish to highlight that we have already contacted you via Ticket: #769740 and provided you with further information, regarding your request.
The AvaTrade Team
Can not withdraw most of my deposit
I opened an account with Avatrade in Feb 2021.
They gave me the telephonic call and asked to increase balance to get more profits.
I deposited 7300 dollars and able to withdraw only 1100 dollars. Rest they scammed with me. While I was doing trade there softwates mt4 and ava trade it was hanging many times which caused losses of my amount
I request for return of my amount 6200 dollars.
We thank you for providing your details in order for us to locate you within our system; and we wish to kindly highlight that our Customer Services Team will be in touch with you via ticket 652178 to request further information.
Warm regards,
The AvaTrade Team
Some advantages
I don't know, as I never tried other brokers. But I know for sure that I never had any regrets about my choice. Maybe it was a little random, but I'm happy that I've chose AvaTrade. And that's why:
1. Regulated. No comments, just basic thing for every brokerage. Ava has everything good with that.
2. Spreads. For example, EURUSD is around 0.7-1.1. I think that's quite okey, like any other regulated brokerage
3. Education. Now I don't need it, but in the beginning of my trading, that was really an important point. Education is divided into 2 sections: for beginners and professional trading. I can't call it 'the best one', but I learned a lot with it. And analytical blog is also good, analytics isn't too freequent but always up-to-date and covers the most important daily points, so I like it.
That's what I think
We appreciate you taking the time to highlight your positive experience with AvaTrade, and we thank for taking the time to do so.
Warm regards,
The AvaTrade Team
Fraud, Scam and beware from AvaTrade
We thank you for providing your information to allow us to locate you in our system.
We wish to highlight that our Customer Services Team is duly liaising with you via ticket 511019.
Should you require any assistance in the meantime, please do not hesitate to contact us via the ticket or via Live Chat from our website.
Warm regards,
The AvaTrade Team
I am a modern trader.
I have been working here not so long. Before that I tried other companies, but all the time I faced some troubles. Everything seems to be fine here. At least I had already withdrawn money here and I saw that the money came to my card the same day. This is great news.
I have tried different terminals here, in general I can say that they are similar, but I feel more confident with MT4.
And trading calculators were also useful for my statistics.
We appreciate you taking the time to highlight your positive experience with AvaTrade, and we thank for taking the time to do so.
Warm regards,
The AvaTrade Team
Recent User Reviews of AvaTrade
Avatrade cancelled my profits of over USD543,649.26, and my withdrawals.
- Made profits on BTCUSD over several trades on M1 chart. Some trades were manually closed, some hits TP. There were volatility for 3-4 hrs.
- Profit amount to half a million in USD
- Connected with Avatrade support to check amount to withdraw to card and balance to other channels.
- Made 4 withdrawals, one USD500 to card A, USD3000 to a card B, another USD5000 to card B, and USD138k+ to Neteller
2024.04.30
- Withdrawal USD 5000 and USD138k+ got cancelled the next day
- MT4 reported zero balance with USD543,649.26 debited with message "due to trading practice"
- Emailed accounts manager and nudged support to get a response.
- AM responded and pushed the responsibility to cryto exchange for providing the wrong price feed, and they have nullified the trades
- AM sent the general T&C clause on the above matter on price error.
Context:
I've been a derivatives trader, for over 13years, entirely human trading with technology except MT4 and chart templates. I've client with Avatrade for over 7 years, and no qualms until this incident. The trades were real, executed entirely by me manually as well as with TPs, therefore are genuine and should be honored. Avatrade cancelled my profit only after I request for withdrawals, which raises a lot of ethical questions.
Jun 4, 2018 - 4 Stars Out of my experiences with 2 different brokers, Avatrade provides a much better customer service, with a Senior Market Analyst as dedicated accounts manager with personalized service, for very small retail client. A manager isn't only an accounts manager, but also an experienced analyst.
Alleged scam | Avatrade canceled all my profits
Thread 'AvaTrade does not want to refund my winnings' https://www.forexpeacearmy.com/community/threads/avatrade-does-not-want-to-refund-my-winnings.83004/
Nov 4, 2020 - 5 Stars
Last week I spoke with Avatrade Chile, we reached an agreement to finally put an end to this misunderstanding that plagued us for many years, they will deposit the money on November 2 and they will give me a period of one year to be able to operate the required lot to be able to be withdrawn, including the earnings that come from it, according to the rules of the contest and that seems reasonable to me.<
I am satisfied with the response, I close this complaint in good terms, I thank the directors of Avatrade and the Forex Peace Army platform for worrying about watching over this case and having followed up until its entire solution.
La semana pasada converse con Avatrade Chile, llegamos a un acuerdo para acabar por fin con este mal entendido que por muchos años nos aquejaba, me depositaran el dinero el 2 de noviembre y me darán un plazo de un año para poder operar el lotaje requerido para poder ser retirable, incluyendo las ganancias que procedan de ella, según las bases del concurso y que me parece reasonable.
Estoy satisfecho con la respuesta, doy por cerrada esta queja en buenos términos, agradezco a los directivos de Avatrade y a la plataforma de Forex Peace Army por preocuparse en velar por este caso y haberle dado seguimiento hasta su entera solución.
Sep 25, 2020 - 1 Star Avatrade never deposited the funds, and blocked all contact numbers, they owed me $ 5000 US dollars for more than 3 years.
Avatrade nunca me deposito los fondos, me bloqueo todos los números de contacto, me deben $5000 dolares americanos desde hace más de 3 años.
Reply by AvaTrade CCare submitted Sep 28, 2020 Dear Antoniodavalo,
We thank you for providing your details in order for us to locate you within our system.
We wish to assure you our Customer Services Team is currently investigating your case, and will duly liaise with you via the open Customer Service Tickets.
Warm regards,
The AvaTrade Team
Reply by AvaTrade CCare submitted Nov 9, 2020 Dear Anthony,
We appreciate you taking the time to share that all is now resolved for you, we thank for taking the time to do so. Should you require any further assistance, please do not hesitate to contact us.
Warm regards,
The AvaTrade Team
Prevent withdrawals
Give me back my assets
Froze my trading account and make it impossible to withdraw funds
Frequently Asked Questions
Is AvaTrade regulated?
- AVA Trade EU Ltd is regulated by the Central Bank of Ireland (C53877).
- AVA Trade Ltd is regulated by the British Virgin Islands Financial Services Commission .
- Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (406684).
- Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984 ).
- Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574).
- Ava Trade Middle East Ltd is regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) (No.190018).