- Company name: AVA CAPITAL MARKETS (PTY) LTD
- Founded: 2006
- Offices: Ireland, France, Japan,
- Regulators: FSCA No.45984, ASIC, FCA, BVI, FFAJ
- Broker type: Market Maker
- Min. Deposit: $100
- Leverage: 400:1
- Min. Spread: 0.7 pips
- Deposit/Withdrawal: Bank wire, Visa/Mastercard, Paypal
- Currency pairs: 50+
- Platform: MetaTrader 4
- Web based: Yes
- Mobile: Yes
- FSCA Regulated (FSP 45984)
- MetaTrader platform support
- 100% bonus match on first deposit
- Caters for beginners and investment pros
- Free beginner education including strategy, ebooks and training videos
- The demo account doesn't allow all the platform options
Is AvaTrade Safe?
With more than 200,000 registered clients globally, and more than 2,000,000 trades executed monthly, AvaTrade has accomplished incredible feats. AvaTrade is a leading player in the trading industry and has provided a reliable service since 2006 when AVA Trade EU Ltd was founded in Ireland. In South Africa, AvaTrade has offered an FSCA regulated service since 2015.
AvaTrade has a selection of trading instruments, including forex, commodities, stocks, indices, cryptocurrencies, bonds, and ETFs. Besides these, AvaTrade also has vanilla options, which is an uncommon feature with forex brokers. With competitive pricing, 24/5 customer support, and many other appealing features, AvaTrade is a true leader in the forex industry.
Some of AvaTrade’s recent awards include:
- Best Trading Experience (Fxdailyinfo)
- Best Forex Broker (FXEmpire)
- Best Broker: Most Reliable (FXEmpire)
- Best Bitcoin CFD Trading Provider of the year (The European)
- Most Innovative Forex Broker Europe (Global Banking & Financial Review)
- Best Alert System (Arabcomgroup – AG)
AvaTrade scores a well-deserved 4-star trust rating and an overall rating of 4 stars!
Is AvaTrade Regulated?
Ava Capital Markets (Pty) Ltd is regulated in South Africa by the FSCA (FSP 45984), licensed by MiFID from the European Union, regulated by the Central Bank of Ireland and ASIC (license: 406684) in Australia.
Trading with AvaTrade
AvaTrade Trading Accounts and Benefits
AvaTrade Demo Account
AvaTrade’s free demo account is a handy tool with which you can practice your trading, test an expert advisor, or acquaint yourself with how forex trading works. With $100,000 virtual funds, the demo account accurately simulates AvaTrade’s real account and will only expire after 21 days.
AvaTrade Regular Account
With only $100, you can gain real, live trading experience! AvaTrade’s regular trading account offers competitive spreads, dependable customer support, and access to a wide range of tradable instruments. Regular account holders enjoy progressive perks according to the amount they deposit. From $1,000 and upward, you get a liberal bonus of 20% on your deposit and 1-on-1 trading sessions with a personal account manager. Clients who deposit $2,000 or more will not only smile about their fat bonus ($400) but also because they gain free access to DupliTrade, which is a powerful copy trading platform. More about DupliTrade later on.
AvaTrade VIP Account
VIP accounts require a minimum deposit of $50,000. With this account, you will enjoy several privileges, including a personal account manager, faster withdrawals, better trading conditions, and of course, a massive $10,000 bonus! VIP clients also have access to DupliTrade. Just something to keep in mind – you can even reach VIP status by growing your account to $50,000 with profitable trading.
*The maximum bonus on deposits is $10,000.
AvaTrade Deposits and Withdrawals
Ways to Deposit to AvaTrade
You can fund your AvaTrade trading account with:
- Moneybookers (Skrill): $100 – $5,000
- WebMoney: $100 – $5,000
- Neteller: $100 – $5,000
- Wire transfer: $500 minimum
- Credit or debit cards: $100 to $20,000
How Fast are Deposits Processed?
- E-payments are processed within 24 hours.
- Wire transfers from offshore bank accounts (outside of South Africa) can take up to 7 business days to be processed.
- Wire transfers from local South African banks will typically be cleared in under five business days.
- First deposits with credit or debit cards can take up to 1 business day to reflect in your trading account due to the security verification process.
How to Withdraw Funds From AvaTrade
Due to anti-money laundering regulations, withdrawals can only be sent via payment methods with which you funded your account, except when profits have been made by trading and 200% of the initial deposit amount has already been withdrawn via the initial payment channel. Withdrawals are typically processed and sent within 1 to 2 business days. Once the withdrawal is processed, additional time may be required for you to receive it. Here are the different times according to the different payment channels:
- For credit and debit cards – up to 5 business days.
- For e-money – up to 24 hours.
- For wire transfers – up to 10 business days (depending on the bank’s location).
AvaTrade Deposit and Withdrawal Fees
AvaTrade doesn’t charge clients for making deposits and withdrawals. The only costs are the usual bank card, e-wallet, or bank transfer fees.
AvaTrade Spreads and Commissions
At AvaTrade you can expect spreads as low as 0.7 pips (e.g. on the EUR/USD and USD/JPY), and there is no commission on trades, whatsoever. Of course, rollover (interest) may be charged (or earned) on certain positions that are held overnight.
AvaTrade Tradable Instruments
With AvaTrade, you can trade the following asset classes/financial instruments:
- Forex (e.g. EUR/USD)
- Commodities (e.g. gold)
- Stocks (e.g. Apple)
- Stock indices (e.g. S&P 500)
- ETFs (exchange-traded funds), e.g. MSCI Brazil Index Fund
- Bonds (e.g. 5-year U.S. T-notes)
- Cryptocurrencies (e.g. bitcoin)
- Vanilla options (e.g. GBP/USD call option contract)
AvaTrade Forex Leverage
AvaTrade’s forex pairs can be traded with a leverage of up to 1:400.
24/5 Customer Support
AvaTrade’s clients have access to professional customer support, 24 hours a day, five days a week. The AvaTrade support team can be reached via telephone, live chat, and email. The languages in which clients can be served include English, French, Italian, Spanish, German, Portuguese, Arabic, Russian, Japanese, Chinese, and Taiwanese. Customer support is a priority with AvaTrade!
AvaTrade’s Trading Tools – Making Sense of Technicals and Fundamentals
If you have never heard of Autochartist, you have to check it out! Autochartist is an award-winning automated technical analysis tool that works with MT4 and identifies trading opportunities across hundreds of financial instruments.
Autochartist’s advanced recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Some of Autochartist’s key features are:
- Chart pattern recognition
- Fibonacci pattern recognition
- Key level analysis
- Pattern quality indication
Of course, AvaTrade has other trading tools you can use, and an economic calendar is also available, which is pretty convenient.
What Education Material Does AvaTrade Offer?
AvaTrade has a good range of education material to offer its clients. Here are some of the education features of AvaTrade:
AvaTrade Beginners Trading Guide
AvaTrade’s ‘Trading for Beginners’ section gives you all the information you need to tackle forex and CFD instruments with confidence. In this section, traders can learn about many trading topics, including ‘What is forex’, ‘What is a pip’, ‘What is Metatrader?’, ‘MACD trading strategies’, ‘How to read a forex chart’, ‘Technical analysis’, and more.
Avatrade Video Education
Videos are often a great way to gain new knowledge about technical subjects. AvaTrade’s video section is strong and covers many different topics including Advanced Trading Tools, Beginner Lessons, Forex Trading Strategies, and more.AvaTrade Ebook
Another excellent piece of education material is AvaTrade’s Ebook that gives traders a good overview of basic forex terminology and the different groups of currency pairs available. The Ebook also explains how to read a forex quote and the advantages of forex trading.
AvaTrade Sharp Trader
Sharp Trader is an educational website that is free to use by AvaTrade clients. Here, traders can enjoy daily technical and fundamental analysis by some of AvaTrade’s experienced analysts. This website also supplies traders with a range of trading videos for all levels of trading knowledge. Of course, the site also has some trading tools like calculators, an economic calendar, etc.
What Trading Platforms Does AvaTrade Support?
AvaTrade’s trading platforms include the following:
- AvaTrade MT4 Desktop (and Web) Trading Platform
The MT4 trading platform is one of the most widely used forex trading platforms and can also be used to trade other instruments like commodities, cryptocurrency, stock index, and stock CFDs. One of the features that make MT4 popular is its auto trading feature that enables algorithmic trading and strategy backtesting with expert advisors (trading robots).
- AvaOptions Desktop (and Web) Trading Platform
With AvaTrade, you can also trade vanilla options! Options trading is exciting and provides traders with opportunities to benefit from more than just the 2-dimensional nature of forex trading. You can trade vanilla options on more than 40 currency pairs, gold, and silver. Don’t forget that even with an AvaOptions demo account, the AvaTrade support team is there to assist you while you learn the ropes.
- AvaTrade MT4 Trading Platform for Mac (Online/Web)
Are you a Mac user? No problem! You can use a unique online MT4 trading platform that is suitable for your Mac device.
- AvaTrade Automated Copy Trading Platforms – DupliTrade and ZuluTrade
With a minimum deposit of $2,000, traders can gain access to DupliTrade, which is a copy trading platform that is linked to your MT4 trading platform. DupliTrade allows you to automatically duplicate the actions of expert traders (with proven histories) directly into your AvaTrade trading account.
Your MT4 trading account can also be linked to a ZuluTrade account, which is also used for copy trading.
*AvaTrade’s MT4 MAM accounts can also be used for copying trades from a master trading account to an unlimited number of ‘copying’ accounts.
AvaTrade Mobile Trading App – AvaTradeGO
For those traders who are often on the move, AvaTradeGO is a choice mobile trading platform. It is available for Android and iOS devices and has a user-friendly, advanced, and intuitive home screen. With AvaTradeGO, you can open and manage several MT4 accounts on the same control panel.
AvaTrade Risk Disclaimer
Here is AvaTrade’s short risk disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Avatrade Vs. CM trading
|Funding||Bank wire, Visa/Mastercard, Paypal||Bank wire, Visa/Mastercard,Skrill, CashU|
|Regulated||FSCA No.45984, ASIC, FCA, BVI, FFAJ||FSCA No.38782|
|Broker Type||Market Maker||Market Maker|
|Minimum Spread||0.7 pips||1.5 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit AvaTrade||Visit CM Trading|
Avatrade Vs. FXTM
|Funding||Bank wire, Visa/Mastercard, Paypal||Bank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more|
|Regulated||FSCA No.45984, ASIC, FCA, BVI, FFAJ||FSCA No.46614, FCA, CySEC, IFSC|
|Broker Type||Market Maker||ECN/STP|
|Minimum Spread||0.7 pips||0.1 pips|
|Expert Review||Read review||Read review|
|Visit Website||Visit AvaTrade||Visit FXTM|
We investigated AvaTrade, and find them to be an outstanding broker. The only matter that disappoints was that AvaTrade charges an ‘inactive account fee’ of $25 on trading accounts that have been dormant for three months or longer. For accounts denominated in other currencies, it is 25 units of the particular base currency. Accounts that lie dormant for more than a year may also be charged an administration fee. If you plan on trading frequently, you don’t need to worry about this.
What we like most about AvaTrade are:
- Transaction fees are low.
- The variety of tradable instruments is impressive.
- Trading platforms choice is healthy and varied.
- Customer support is definitely up to standard.
- Trading education is excellent.
- Trading tools are pretty decent, especially Autochartist!
- Clients’ deposits are safe (held in segregated accounts).