Overall, Avatrade can be summarised as a safe and trustworthy broker. AvaTrade is an international, multi-asset retail brokerage with a user-friendly copy trading platform. AvaTrade has a trust rating score of 94 out of 99.
|📜 FSCA regulated||Yes|
|🕖 Time to open an account||1 day|
|🚀Bonus||Open a trading account in 1 minute
and receive up to $10 000 Bonus.
|🎁 Sign Up Bonus||Up to 40% sign up bonus for South African traders|
|🥇Publicly Traded (Listed Company)||No|
|🗺️ Country of regulation||Ireland, Australia, Japan, South Africa,
Abu Dhabi, British Virgin Islands, European Union, Polish Branch.
|📱 MetaTrader 4 (MT4)||Yes|
|📱 MetaTrader 5 (MT5)||Yes|
|📊Trading Islamic Account||Yes, available|
|📊CFDs - Total Offered||681|
|📊CFD Stock Indices||Yes|
|💳 Deposit with credit card||Yes|
|💳 Demo Trading Account||Yes|
|💱 Number of base currencies supported||5|
|💰Currency Pairs (Total Forex pairs)||60|
|💰 Withdrawal fee amount||Zero|
|💰 Trading fees class||Very Low|
|💰 Minimum deposit||$100|
|💰 Inactivity fee charged||Yes|
|👛 Depositing with electronic wallet||Yes|
|🎮 Demo account provided||Yes|
|✔️Apple iOS App||Yes|
|📅 Year of Foundation||2006|
|🔢 Number of Employees||300+|
|🔢 Number of clients||+400 000 clients|
|📙 Website Languages||Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish.|
|💵 Account currencies||AUD, JPY, GBP, USD, EUR, CHF|
|✔️ Scalping||Millisecond trading|
|🗺️ Hedging||Open Buy & Sell positions simultaneously|
|🥇 Trading Instruments||Forex pairs, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options and ETFs.|
|📙 Education||Sharp Trader, Videos, Articles, Webinars, eBook.
|💰 Fees and Commissions||Forex/CFD overnight interest, No margin interests, No commissions (unless stated otherwise)|
|📈 Trading Platforms||MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader|
|📈 Mobile trading||AvaTradeGO (only with MT4), MetaTrader 4, MetaTrader 5, AvaProtect|
|📈 Automated Trading||MQL5 Signal Service, API Trading, DupliTrade, ZuluTrade|
|📍South African Office Address||2nd Floor, Nelson Mandela Square Office towers West, Sandton, Johannesburg, 2196|
|☎️ South African Telephone Number||010 594 1353|
|🎓Affiliate Program||Yes, up to 40% commission|
|🚀 Open a account||👉 Click Here|
📱 Trading Desk
MetaTrader 4, MetaTrader 5
📈 Total Pairs
🕒 Account Activation Time
AvaTrade Review – 18 Keypoint overview.
- Is AvaTrade regulated?
- Is AvaTrade a good broker?
- What products does AvaTrade offer?
- How to use AvaTrade
- AvaTrade account types
- How to withdraw money from your AvaTrade account
- How many days do AvaTrade deposits and withdrawals take?
- What are the contract specifications for forex trading on AvaTrade platforms?
- Does AvaTrade have a Welcome Bonus?
- Where is AvaTrade’s headquarters based?
- Who is AvaTrade’s CEO?
- Does AvaTrade offer online support?
- Does AvaTrade offer a demo account for forex traders?
- AvaTrade VS Exness VS FBS – Comparison Table
- AvaTrade Customer Reviews
- Does AvaTrade have a mobile app for forex trading?
- Does AvaTrade publish an Economic Calendar?
- How to communicate with AvaTrade
Yes, AvaTrade is regulated by 7 regulatory authorities across 5 continents. The company is regulated in three tier-1 jurisdictions and three tier-2 jurisdictions.
✅ CBC: The Central Bank Commission, Ireland
The Central Bank Commission is responsible for ensuring that the statutory functions of the Central Bank are properly discharged. It consists of the Governor and two Deputy Governors of the Central Bank, the Secretary General of the Department of Finance and six members appointed by the Minister for Finance.
✅ BVI Financial Services Commission, British Virgin Islands
The BVI Financial Services Commission is an autonomous regulatory authority responsible for the regulation, supervision and inspection of all the British Virgin Islands financial services including insurance, banking, trustee business, company management, mutual funds business, the registration of companies, limited partnerships and intellectual property.
✅ FSA: Financial Services Agency, Japan
The Financial Services Agency (FSA) is a Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan.
✅ FSCA: Financial Sector Conduct Authority, South Africa
The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision in South Africa. The FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions.
✅ ASIC: Australian Securities and Investments Commission
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC’s role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.
✅ IIROC: Investment Industry Regulatory Organisation of Canada
The Investment Industry Regulatory Organization of Canada (IIROC) is the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. IIROC sets high-quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.
✅ DFSA: Dubai Financial Services Authority, United Arab Emirates
The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC) in Dubai in the United Arab Emirates. It is distinct from the UAE’s Federal Securities and Commodities Authority whose jurisdiction covers the wider UAE outside the boundaries of the DIFC.
The DFSA’s regulatory mandate includes asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.
📱 Trading Desk
MetaTrader 4, MetaTrader 5
📈 Total Pairs
🕒 Account Activation Time
Is AvaTrade regulated in South Africa?
Yes, AvaTrade is regulated in South Africa by the Financial Sector Conduct Authority (FSCA).
AvaTrade has regional offices in Johannesburg, South Africa.
Is AvaTrade legit?
Yes, AvaTrade is legitimate forex and CFDs broker and electronic trading platform. It is regulated under license to perform forex broker and multi-asset trading services by top-tier authorities in the European Union, Australia, South Africa, Japan and Dubai.
Is AvaTrade a good broker?
In terms of security, state-of-the-art electronic trading platform options, competitive spreads and education; AvaTrade is rated highly as a trusted broker. AvaTrade has been in business since 2006 and enjoys an extremely high and very strong level of regulation. It has regulations across 7 jurisdictions.
In terms of security, AvaTrade makes it a priority to keep your information and money secure.
In terms of trading platforms, AvaTrade offers a variety of world-leading web-based and mobile platforms as well as its own proprietary platform.
MetaTrader is an electronic trading platform that was pioneered by the developers, MetaQuotes Software. The software company has released a number of versions since it started up in 2002 but hit the jackpot with a significantly enhanced version called MetaTrader 4 that it took to market in 2005. In 2010, MetaQuotes Software introduced the significantly re-coded MetaTrader 5.
Today, MetaTrader 4 (MT4) is one of the most widely-used online trading platforms for retail foreign exchange (forex) speculative traders. MetaTrader 5 (MT5) is a more advanced trading platform and is growing in popularity as investors find value in its superior features.
MT4 and MT5 both provide forex traders with an advanced automated trading system supplemented with advanced technical analysis features and expert advisors. MT4 was built almost entirely for forex trading, where MT5 functions to provide traders with access to CFDs, stock and futures. Bear in mind, MT5 is not an upgrade of MT4, it has its own function.
MT4 is simpler to use and more suitable for investors who are new to trading in forex. MT5 is a more versatile trading platform with advance features and suitable for investors who are trading across a broader platform than forex.
AvaTrade offers ZuluTrade because it’s a proven online and mobile social and copy trading platform. ZuluTrade is the product of a Greek fintech company and allows users to copy other traders in the forex market.
For forex traders, ZuluTrade is idea to perform a high number of transactions and volume, up to about US$ 3.8 trillion a day worldwide. ZuluTrade operates 24-hours a day, except on weekends.
DupliTrade is another proven mobile social and copy trading platform that AvaTrade offers its clients. It’s described as a focused, transparent, user-friendly trading platform that allows AvaTrade’s clients to automatically duplicate the actions of expert traders directly into their own AvaTrade trading account.
DupliTrade provides access to a rich trading portfolio and exposure to a selection of successful trading strategies that have been developed by professional traders with a proven success track record.
AvaTrade offers its own tailor-made, customised money management and risk management platform the allows its clients to have total control over their portfolios and set risk management features when executing buy and sell forex orders.
AvaOptions allows clients to trade more than 40 currency pairs and any combination of call and put options in one account. The intuitive platform is easy to use and clients can execute straddles, strangles, risk reversals, spreads and other trading strategies.
AvaOptions provides clients with a time management tool for expirations available on any business day, from overnight options to one-year expiration and at any strike price. The platform also includes professional risk management tools and portfolio simulations.
Trade calls and puts with stop and limit orders can be triggered instantaneously by a pre-determined premium level with provides added control over trade entry and exits.
AvaTradeGo offers AvaTrade clients a more advanced and sophisticated dashboard that comes with a set of intuitive management tools, clear charts, zoom for details and other unique features to provide a tailor-made solution for advanced forex traders.
The aim of AvaTradeGo is to simplify the trading process by providing step-by-step guidance on opening trades, feedback on trading activity and support whenever it is needed. AvaTradeGo allows clients to manage multiple MetaTrader 4 accounts simultaneously and switch from demo, real and competitive spread accounts.
AvaTrade offers its clients access to the MetaTrader 4 Mac platform to trade a range of forex currency pairs, CFDs, EFTs, commodities and stocks. The browser-based trading terminal is reliable, easy to set up and user-friendly.
The MacTrading platform provides professional charting and analytical tools that are enhanced by the world-renowned attributes of a Mac computer. The hardware is single-vendor controlled and Apple is responsible for certifying all components of the PC.
Many forex traders favour the Mac because they hardly ever experience any hardware complications and crashes and problems of overheating are unheard of, which is essential for forex trading.
ActTrader provides a full-featured workspace for traders to execute trades and manage their accounts. The feature-rich desktop application allows traders to monitor the market and engage in online forex trading.
Key features of ActTrader include:
In terms of competitive spreads, AvaTrade’s spreads are close to the industry average. With variable pricing, AvaTrade lists spreads of 0.9 pips on the EUR/USD, which is slightly above the industry average. Spreads on its Professional account are competitive and comparable.
In terms of education, AvaTrade provides a wealth of educational content from its in-house writers as well as third-party experts. This includes about 60 comprehensive articles for beginners and over 25 articles on advanced topics. AvaTrade also produces in-depth tutorial videos and hosts its own YouTube channel. You’ll also find multiple archived video webinars on AvaTrade’s website.
What products does AvaTrade offer?
AvaTrade offers only forex trading and CFDs trading, such as stock, index, forex and commodity CFDs. The brokerage doesn’t offer other popular asset classes such as real stocks, bonds or mutual funds.
|✔️ Forex||55 forex currency pairs and crosses as well as some exotic pairs; trading forex as CFDs or spot contract|
|📊 Stock index CFDs||19|
|📊 Stock CFDs||620|
|📱 ETF CFDs||41|
|📈 Bond CFDs||2|
Cryptocurrency trading is available through CFDs but it’s not available through trading the underlying asset (e.g. buying Bitcoin).
FCA banned the sale of crypto-derivatives to UK retail consumers from 6 January 2022. Crypto CFDs are not available from AvaTrader’s UK entity, nor directly to UK residents.
Does AvaTrade offer social trading?
Yes, AvaTrade offers social trading through two third parties; DupliTrade and ZuluTrade. Both services allow you to copy other traders’ activities.
AvaTrade also has a social trading mobile app called AvaSocial. This copy trading app allows you to follow and chat to other traders and copy their trades with a single tap. This service is offered in partnership with Pelican Trading, a FCA-regulated forex trading entity.
The required minimum deposit for social trading on AvaTrade’s trading platforms are:
➡️️ ZuluTrade $500
➡️️ DupliTrade $2 000
Does AvaTrade have Nasdaq?
Yes, AvaTrade offers trading in the NASDAQ 100 technology stock index, accessible as CFDs.
The NASDAQ Composite Index is arguably the most significant large-cap growth index in the world. The Index comprises 100 mega companies – domestic and foreign – listed on the premier index, the NASDAQ, aka US_Tech100.
The NASDAQ Composite Index (US_Tech 100) has outperformed the S&P 500 index 10 times over in the past 12 years (as at March 2022). By the end of 2019, the market capitalisation of the NASDAQ was $9.8 trillion. By 2022, that figure had increased substantially.
📱 Trading Desk
MetaTrader 4, MetaTrader 5
📈 Total Pairs
🕒 Account Activation Time
What awards has AvaTrade received recently?
Forex trading platform AvaTrade’s most recent awards include:
|🏅 The European||No. 1 Broker, Best Forex Broker, Best Bitcoin CFD Trading Provider of the Year, Best Affiliation Programme, Most-regulated broker (2014-2020)|
|🥇 International Business Magazine||Most Innovative CFD Broker, UK (2019)|
|🏅 INTLBM Awards||Most innovative CFD broker (2019)|
|🥇Rankta Awards||Best Forex Broker (2019)|
|🥉Daytrading||Best Forex Broker (2019)|
|🥈WikiFX||Top 10 Brokers, China (2018)|
How to use AvaTrade
To use AvaTrade, a forex broker is required to produce proof of identity and proof of address.
To create an AvaTrade account, simply fill in the short registration form on the website and create a password. To verify your account, you will need to provide the following documents:
➡️️ Proof of identity
A valid government-issued ID (passport, ID card or driver’s license) that contains the following information; name, photo and date of birth (must match the information you registered your account with.
➡️️ Proof of address
A utility bill (electricity, water, gas, mobile or landline phone) containing your name, address and issued date; cannot be older than 6 months and must match the information you registered your account with.
How to open a forex trading account with AvaTrade
To open a forex trading account with AvaTrade, follow the simple steps below:
Step 1 – Visit the official website of Avatrade.
Locate to the official AvaTrade website where you will see a “register now” and “demo account” option.
Step 2 – Click on the Register now / SIGN UP button.
Click on your desired choice from the 2 options offered by AvaTrade.
Step 3 – Fill in all your personal details.
Complete the form by filling in all your required details for opening an account.
Step 4 – Click the “Complete Registration” button.
Once you are finished filling in all your details you can click on the complete registration button.
Step 5 – Verify your account.
Visit your email inbox and click on “Verify My Account”.
Step 6 – Sign In to your dashboard.
Sign in to your dashboard with your username and password.
Step 7 – Complete KYC documents.
A Trader must complete all KYC documents to be fully vetted.
Step 8 – Deposit money into your trading account.
Before you can start trading you first have to deposit money into your account.
Finally, you can start trading.
Creating an account is easy and quick, with some basic personal data, answering a couple of questions that assess your level of understanding in trading, verifying your identity and residency by uploading either a copy of your ID card, driving license or passport.
Sign up for an AvaTrade account with Facebook or Google
Alternatively, you can sign up an AvaTrade account using your Facebook or Google accounts. This is an extremely fast way to sign up, with only one click.
After signing up, you will receive your login credentials via email, and you will be required to verify your account by uploading copies of your identity documents. You can then deposit funds into your trading account and start trading.
AvaTrade account types
AvaTrade offers two types of accounts for retail traders: a demo account, a Standard live account, an Islamic account and a Professional account.
Every AvaTrade account type has different features and conditions which are listed below.
Free demo account
AvaTrade clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. It gives clients access to the forex and CFDs market which can be traded in real time under real market conditions but with zero risk of losing real money on a forex trade order.
Once a client has spent time learning how to trade on a free demo account, they progress to opening a mini trading account that requires only a small amount of capital.
Retail account (EU) / Standard account (non-EU)
AvaTrade Standard live accounts are used to trade forex, cryptocurrencies, options, indices, bonds, stocks, ETFs and commodities on the global market in real time with real money.
AvaTrade Standard accounts can be opened with a minimum initial deposit of $100. Deposits may be made in USD, EUR, CHF, GBP or AUD (latter for Australian residents only).
AvaTrade Standard accounts offer a market-maker/dealing desk execution type.
Retail account holders who are resident in the European Union are restricted to the EU’s legal leverage limit of 30:1 on forex instruments while Professional account holders may use leverage as high as 400:1. Residents outside the European Union may use maximum leverage as high as 400:1 on forex instruments.
An Islamic trading account is also known as a ‘no swap account’ because the accounts charge no swap or rollover interest on positions held overnight in the forex market. Only an administration fee is charged on open positions.
Islamic trading accounts allow clients of Muslim faith to engage in online forex trading while conforming to Sharia Law.
After you’ve funded your Standard account, you can apply for an Islamic account. The request will then be forwarded to the relevant department for review and approval. Requests are usually processed within 1-2 business days.
Professional traders can open Multi-Account Manager (MAM) accounts on the AvaTrade trading platforms. MAM accounts allow professional traders to create and manage multiple sub-trading groups for their clients. Professional account holders may use leverage as high as 400:1 on forex instruments.
In order to qualify for an AvaTrade Professional account, clients must meet the ESMA regulation requirements which can be found on AvaTrade’s website. Professional clients can avail themselves of better spreads than retail clients.
MAM accounts include the following features:
➡️️ ability to create multiple sub-trading groups
➡️️ all MT4 order types
➡️️ Expert Advisors (EAs) compatible
➡️️ minimum lot of 0.01
➡️️ multiple allocation parameters
➡️️ order placements for unlimited client accounts
➡️️ trade order placements from a master account
How to withdraw money from your AvaTrade account
Follow these easy steps to withdraw money from an AvaTrade account:
Step 1 – Log in to your account.
Log into your trading account with your email address and password
Step 2 – Go to the withdraw section
Locate the withdraw funds section on your dashboard to start with the withdrawal process
Step 3 – Submit the withdrawal request
AvaTrade forex traders withdraw their funds via the same methods used for deposits. The fastest method of withdrawal is using the Ava debit Mastercard which forex traders can apply for once their Standard account is set up.
How many days do AvaTrade deposits and withdrawals take?
AvaTrade credits your deposits done by credit card instantly and this is by far the most efficient way to deposit money into your account. There might be a delay of up to 24 hours if you are making your first deposit via credit card because AvaTrade is required to follow certain security checks.
If you have made a deposit via e-payments, the funds will be credited within 24 hours. Deposits made by wire transfer can take up to 7 working days to be processed by your bank, depending on where you reside.
The minimum initial deposit for opening up a Standard retail account is $100. AvaTrade forex traders may fund their accounts with credit and debit cards (VISA, MasterCard, debit Ava Mastercard), bank wire transfers and numerous forms of payment mechanisms such as PayPal, Skrill, Neteller and WebMoney.
Once you’ve submitted the necessary identification documents for KYC and AML verifications, a withdrawal from your AvaTrade account is quick and easy. Withdrawal requests can be submitted in under a minute through the trading platform and are approved as quickly as possible, typically within one business day.
Depending on where the withdrawal is being sent, you could receive it immediately or it may take up to 5 working days. This delayed timing is due to processes and procedures from your financial institution.
What are the costs and fees of AvaTrade?
AvaTrade does not charge fees when deposits are made or when funds are withdrawn from a forex trader’s account.
What are the trading fees of AvaTrade?
AvaTrade has mixed non-trading fees. The brokerage does not charge any account fees and deposits and withdrawals are free of charge.
AvaTrade does charge an account inactivity fee of $50 per quarter after 3 straight months of inactivity. After 12 consecutive months of non-use, an annual administration fee of $100 will be deducted. When added up, AvaTrade’s inactivity-related fees are high compared with other forex brokerages.
📱 Trading Desk
MetaTrader 4, MetaTrader 5
📈 Total Pairs
🕒 Account Activation Time
What is the minimum deposit for an AvaTrade Standard account?
The required minimum deposit for an AvaTrade Standard account is $100 for credit/debit cards and e-wallets or 100 units in any of the other base currencies.
At AvaTrade, you can choose from the following base currencies: USD, EUR, GBP, CHF and AUD. AUD is only available for Australian clients and GBP is only available for clients from the UK.
The minimum deposit for bank transfers is stated as $500 on the website. However, live chat indicates the minimum deposit is also $100 for bank transfers.
What are the contract specifications for forex trading on AvaTrade platforms?
Forex spread calculation
AvaTrade’s forex trading conditions display the standard bid-ask spread (pips) for forex instruments unless otherwise stated. Standard spreads are as stated under normal market conditions. Spreads can widen depending on market conditions.
Spread Cost Formula: Spread x Trade Size = Spread Charge in Secondary Currency*
*Secondary Currency is the Second Currency quoted in an FX pair (CUR1/CUR2 USD/JPY, EUR/USD, etc.)
For a 1 000 EUR/USD trade with a spread of 3 pips (0.0003), the calculation is as follows:
0.0003 X 1 000 = $0.30*
Bid-Ask spread and commissions
AvaTrade is compensated through the bid-ask spread, except when otherwise stated. AvaTrade does not charge commissions on any trade.
Forex margin/leverage calculation
All instruments are traded on margin allowing you to leverage your positions. AvaTrade’s forex trading conditions display both margin and leverage amounts. Margin is displayed as a percentage (%) while leverage is displayed as a ratio.
Percentage Margin Formula:
Trade size x margin (%) = Margin required in primary currency*
Leverage margin formula:
Trade size / leverage = Margin required in primary currency*
*Primary Currency is the first currency quoted in a forex pair
For a 1 000 EUR/USD trade with a margin requirement of 0.50% or leverage of 200:1, the calculation is as follows:
Percentage margin requirement: 1 000 x 0.005 = €5.00
Leverage Margin Requirement: 1 000 / 200 = €5.00
Forex buy/sell overnight interest calculation
AvaTrade’s forex trading conditions display the Over-Night (O/N) interest rates charged/paid on a daily basis for holding a position open past our End of Day time. These rates are displayed in the Overnight Interest – Buy and Overnight Interest – Sell” columns.
End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.
You can use the following formula to calculate your Daily Overnight Interest amount:
Trade amount x daily overnight interest = Daily overnight interest charged/paid*
*Overnight interest charged/paid will be calculated in the primary currency. The primary currency is the first currency quoted in a forex pair.
For a 1 000 EUR/USD trade with a daily overnight interest buy (or sell) rate of -0.0053% and subject to a charge for 1 day, the calculation is as follows:
1 000 x -0.000053 = -0.053 = -€0.05* rounded
Note: AvaTrade platforms display overnight interest (swaps) in annualized terms.
Does AvaTrade have a Welcome Bonus?
Yes, Avatrade does offer a sign-up bonus, A minimum of 200 USD/3098,52 ZAR has to be deposited to earn a Deposit bonus of 40 USD/620 ZAR.
From time to time, AvaTrade offers Welcome Bonus promotions to new customers. The required minimum deposit for a Welcome Bonus is usually $1 000 or 1 000 units in other accepted currencies.
You can view the most recent AvaTrade promotions on their website.
If you already have a funded AvaTrade account, you may also be eligible for a bonus. You can contact AvaTrade’s Customer Services for more information.
Note: AvaTrade’s Welcome Bonus may not be applicable in your jurisdiction.
Can I start trading with no money in my AvaTrade account?
No, you cannot start trading if you have not deposited the required minimum balance in your AvaTrade retail/standard account. The required minimum balance is $100 or 100 units of other accepted currencies.
What leverage does AvaTrade offer?
AvaTrade offers leverage up to 400:1 on Standard accounts for residents residing outside the European Union and Professional clients.
If your account is held in the EU jurisdiction, the regulation imposes a legal limit of 30:1 leverage on retail accounts.
Where is AvaTrade’s headquarters based?
The headquarter of AvaTrade is based in Dublin, Republic of Ireland.
AvaTrade Financial Centre
Five Lamps Place
Republic of Ireland
Who is AvaTrade’s CEO?
Dáire Ferguson is Chief Executive Officer (CEO) of AvaTrade
Ferguson came to AvaTrade after serving as the European and Asian Senior Treasury Manager at Bristol Myers Squibb, a leading global pharmaceutical company. Ferguson joined AvaTrade in 2008 as Director of Trading and Risk Management.
Prior to that, Ferguson served as Head of Corporate Forex for large international specialist banking and asset management groups in London and Dublin. He holds degrees in Computers and Business from University College Dublin, Ireland and from Lindenwood University, Missouri, USA.
Does AvaTrade offer online support?
AvaTrade provides dedicated online Customer Service support for its forex traders in more than 14 languages via Live Chat on their website. Live Chat is available 24-hours a day on the 5 working days. You can also contact AvaTrade Customer Services via email or telephone.
Does AvaTrade offer a demo account for forex traders?
Yes, AvaTrade offers a free demo account to registered clients.
A demo trading account is a type of forex trading account that is funded with entirely virtual money, but still includes all of the functionalities and technical indicators as a live account. It’s the perfect tool for beginner forex traders because you can become familiar with trading strategies and indicators in real-time on your trading platform before you start trading with real money.
AvaTrade VS Exness VS FBS – Comparison Table
|🥇 AvaTrade||🥇 Exness||🥇 FBS|
|🗺️ Regulatation||Ireland, Australia, Japan, South Africa,|
Abu Dhabi, British Virgin Islands, European Union, Polish Branch.
|CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao.||IFCS|
|💰 Minimum Deposit||$100||$10||$1/ ZAR R16|
|🚀 Welcome Bonus||Open a trading account in 1 minute|
and receive up to $ 10.000 Bonus.
|☪️ Islamic Account||Yes, available||Yes, available||Yes|
|💰 Withdrawal fee||Zero||Yes||yes|
|💰 Spreads||0,9 pips||The minimum spread across all|
accounts is 0.1 pips
|💳 Demo Trading Account||Yes||Yes||yes|
|📒 Account Types||Standard, Islamic, and demo account||Standard, Cent, Raw, Zero and Professional Account||Cent, Micro, Standard, Zero Spread, ECN, and Crypto Account|
|📊 Comissions||No Comissions||$3.5 dollars / R56 ZAR||$80 dollar / R1280 ZAR per each lot traded|
AvaTrade Customer Reviews
The best trading app so far
Am George from Ghana, I just sign up this trading app and this is the best trading app so far , Vincent Krupkin send me free mentor class to participate to become a good trader ,I encourage you to start trading with Ava trade
Well spoke to one of the brokers and I…
Well spoke to one of the brokers and I was really impressed with patients and attentiveness he showed so looking forward to start trading
So far so good
So far so good. Easy account verification process, setup and assistance. Overall happy with AvaTrade.
Does AvaTrade have a mobile app for forex trading?
Yes, AvaTrade has a mobile app for forex trading.
AvaTradeGo by AvaTrade user-friendly and intuitive mobile trading app, with all the tools needed for advanced trading at any time and any place. It is available on Android and IOS mobile devices.
The AvaTradeGO provides you with step-by-step guidance on opening trades, feedback on your activity and support anytime and anywhere you need it. You can manage multiple accounts and switch between demo, real and competitive spreads accounts, and get all the data you need for your forex trades while using your AvaTrade account credentials.
Does AvaTrade publish an Economic Calendar?
Yes, AvaTrade publishes an Economic Calendar.
The AvaTrade global Economic Calendar comprises routine financial events which affect the financial markets. The events on the AvaTrade Economic Calendar are pre-scheduled and include statements made by countries and other leading players in the financial arena such as central banks, the International Monetary Fund (IMF) and governments.
Skilled traders anticipate these events and plan their trades in accordance. Each of these newsworthy economic events can create changes in the value of different financial assets and positions on forex trading.
How to communicate with AvaTrade
AvaTrade provides dedicated Customer Services in more than 14 languages. You can contact an AvaTrade representative via email, telephone or Live Chat on the website.
Telephone and email details for each country can be found on AvaTrade’s Contact us page.
International phone number for AvaTrade
Forex Trading Africa Disclaimer
Forex is a complex instruments and trading forex involves a high risk of losing money rapidly due to leverage. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.
Forex Trading Africa annually reviews brokers regarded as the best in the world and provides information on the tools, market analysis and service they offer. We aim to provide important information for you to base your decisions on when choosing the right forex broker for your needs.