AvaTrade Review 2023.
AvaTrade is an internationally regulated forex and CFD broker that offers commissions free trading. In addition to 55 Forex Pairs, our AvaTrade review found a typical EURUSD spread is 0.9 and they offer 42 forex options and good risk management.
Written by Justin Grossbard.
Written by Justin Grossbard Co Founder.
With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.
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Summary Of AvaTrade.
AvaTrade is a market maker that offers commission-free trading with typical spreads of 0.9 pips for EURUSD. The broker offers a good choice of CFDs including 55 Forex pairs, 26 commodities and 23 indices and even bonds. AvaTrade the best choice for forex and metals options trading with risk management via their AvaOptions mobile platform. Traders can also trade with the popular MetaTrader 4 and MetaTrader 5 forex trading platforms.
��️ Regulation Country Europe, UK, Australia, UAE, South Africa �� Trading Fees No Commissions �� Trading Platforms MT4, MT5, AvaTradeGo, AvaOptions �� Minimum Deposit $100 �� Deposit/Withdrawal $0 ��️ Instruments Forex, CFDs, Crypto, Options, Bonds �� Credit Cards Yes.
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AvaTrade Account Types.
The majority of clients trading with AvaTrade will be limited to one account type. If you are a client in the UK or Europe then you have the “Retail” account available for your use. If you are a client from outside the UK and Europe, then you will have the “Standard” account. These accounts are the same in that they are a market maker/dealing desk type of account with no commissions.
Standard Account (Australia, South Africa, Japan) / Retail Account (UK, Europe, UAE)
AvaTrade’s Standard and Retail Account are almost the same. The difference is who the account is available for and the level of leverage. The shows the nations each account is available for and the leverage.
The reason there are different account AvaTrade needs to comply with ESMA MiFID requirements for its European clients and FSRA requirements set by the Abu Dhabi Global Market for UAE clients. These countries allow two types of trading conditions, one for retail traders and one for professional traders.
The Standard/Retail accounts allow commission-free trading. For this reason, you will find spreads are wider than STP or ECN style, with no dealing desk style brokers which have tighter spreads but added commission costs. To open a trading account, 100 base units (100 USD approx) will be needed.
AvaTrade Retail Account AvaTrade Standard Account Regions United Kingdom, Europe (Central Bank of Ireland, KNF), Europe, Abu Dhabi (ADGM FSRA) Australia (ASIC), South Africa (FSCA), Japan (FSA and FFAJ) International (BVI. FCA) No commissions - Spread Only √ √ Forex Up to 1:30 Majors Up to 1:20 Minors / Exotics Up to 1:400 Products Available FX, CFDs, Options, Spread Betting (UK only) FX, CFDs, Options Min/Max Lot Size 0.1 / 1 √ Negative Balance Protection √ √ Margin Call 50% of your margin 10% of your margin Variable Spreads √ √ Currencies accepted USD, EUR, CHF, GBP, (GBP is UK only) USD, EUR, CHF or AUD (AUD is Australia only) 4th Decimal Pricing √ √ Scalping Hedging Automated Trading (Expert Advisors) √ √
Other Accounts.
Professional Account (UK, Europe, UAE)
Traders in the UK, Europe and UAE) who work in the finance industry, manage a financial portfolio or make regular trades of significant size can apply for a professional account. With this account, you will be able to access leverage in line with the available traders with a Standard Account.
Only for clients in the UK, Europe and the United Arab Emirates Maximum leverage of 1:400 (Abu Dhabi and South Africa branches only) Margin Call – 10% of your margin.
Islamic Account.
A swap-free style account is available for Islamic traders that follow sharia law. With this account, there are no interests paid or received. In its place, the spread is widened by 1 pip for forex pairs when you open your position. If you keep your position open for 10 or more days, then you will lose Islamic privileges.
Islamic account features:
Only for Islamic traders who can verify their eligibility No daily swap fees (or rolling / overnight fees) 1 pip (on top of normal spread) fee to open position Available for all CFDs except for cryptocurrency ZAR, TRY, RUB, MXN pairs not available for trade.
Options Account.
AvaTrade offers Vanilla Options or European style options for 42 forex pairs, along with spot gold and silver. With this broker, options trading gives you the right to buy (call) or sell (put) a specified amount for forex, gold or silver at a certain price at an agreed time in the future. Options are available for a day, week, one or more months and up to one year,
When trading options, a premium is paid for the right to the options. This is determined by the existing price of the instrument and the length of time in the future the option will expire.
Options account features:
Trade Vanilla Options – Call and Put options 42 Forex pairs Options, Spot Gold, Spot Silver Options AvaOptions Trading Platform for Web and Mobile.
Our Rating.
The overall rating is based on review by our experts.