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Is AVATRADE one of the best Australian Forex Brokers? We conducted an in-depth review in November 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

Founded in 2006 and headquartered in Dublin, Ireland, AvaTrade is an internationally renowned online Forex exchange and CFD broker with multiple offices around the globe. Their customer base exceeded 200,000 registered users in 2016.

AvaTrade Australia, situated in Sydney, has been an innovative pioneer since online trading first became possible. The company was created through the combined effort of financial professionals and e-commerce experts with the goal of perfecting the online experience for retail traders. Their vision is based on ‘empowering people to invest and trade, with confidence, in an innovative and reliable environment, supported by best-in-class personal service and uncompromising integrity’.


AvaTrade

Our Rating

The overall rating is based on review by our experts

8.0 4.0 1
  • Reliability 9 / 10
  • Spread 6 / 10
  • Customer Service 8 / 10
  • Offers 8 / 10
  • Speed of Execution 9 / 10
  • Uptime 8 / 10

This post is also available in: deDeutsch itItaliano

AvaTrade - Overview

Trading Conditions

  • Max Leverage
    400:1
  • Platform
    MetaTrader4 AvaOptions AvaTradeAct
  • Min Deposit
    $100
  • Spread
    From 0.8 Pips
  • Cuts out Dealing Desk
    Yes

Methods of deposit and offers

  • Deposit / Withdraw
    VISA , MasterCard PayPal Neteller Skrill Webmoney Wire Transfer
  • Welcome offer
    Up to $15,000 bonus
  • Rebates Engine Forex
    Coming soon!

Extras

  • Crypto
    Bitcoin Ethereum Litecoin Ripple Bitcoin-cash Bitcoin-Gold EOS
  • Headquarter
    Dublin with Sydney subsidiary

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT AVATRADE

In Summary

  • ASIC regulated
  • Multiple further licenses 
  • High-level web security
  • No dealing-desk intervention

Ava Capital Markets Australia Pty Ltd is licensed in Australia by the Australian Securities and Investment Commission (ASIC). 

The group, AvaTrade, further holds licenses and is regulated in various other countries, such as the European Union by the Central Bank of Ireland or in Japan by the Financial Services Agency, as examples.

According to AvaTrade’s values, the security of customer funds is paramount to their success and trustworthiness, and no effort has been spared to maintain the security of clients’ funds and the integrity of its trading platforms.

All client money is held in segregated trust funds with top tier banks.

Further, all of AvaTrade’s websites and trading platforms use high-level web security and 256-bit SSL encryption, thereby mirroring the industry standard for online financial transactions.

According to AvaTrade’s values, the security of customer funds is paramount to their success and trustworthiness, and no effort has been spared to maintain the security of clients’ funds and the integrity of its trading platforms.

Spreads Comparison

AVATRADE
60
PEPPERSTONE
100
THINK MARKETS
80
IC MARKETS
100
CMC MARKETS
60
XM
100

CHARGES AND MARGINS AT AVATRADE

In Summary

  • Spread mark-up or
  • Forex spreads from 3 pips
  • Up to 400:1 leverage

As is the case with all brokers, clients pay a spread on every non-equity CFD; however, AvaTrade does not charge any commission fees on any trade.

With the exception of the spread mark-ups, trading at AvaTrade is potentially subject to charges such as overnight interest, maturity rollover, corporate actions and an inactivity fee if a client is inactive for a period of time.

AvaTrade offers fixed and variable spread accounts, with spreads starting from 0.9 pips. 

Forex spreads are fixed and start from 3 pips for major currency pairs.

Commodity CFD spreads start at $0.002 and the minimum margin requirements per contract are 0.5%.

For bonds, over the market spreads are set to 0.03 almost across the board with margin requirements of 1.0%.

For ETFs, over the market spreads are set to 0.04 with 5.0% margin requirements for all available options in this asset class.

TECHNOLOGY

In Summary

  • Great trade execution
  • MT4 & own proprietary platform
  • AvaOptions

AvaTrade clients can choose between a variety of trading platforms and more ways to trade. They offer two manual trading platforms: MetaTrader 4 and AvaTradeAct, with full mobile trading support. Traders can also choose from a selection of automated trading platforms, including Mirror Trader, Zulu Trade and others.

AvaTrade offers a range of powerful trading platforms that allow clients to trade instantly from live graphs and set a variety of orders, stops and limits to manage their own portfolio. It is also possible to monitor and trade equities on the same screen as Forex and commodity trades.

The AvaTrade platform is AvaTrade’s own proprietary software and interface that is suitable for novice and professional traders alike. It offers a variety of indicators and analytical tools that can be customised, both for testing and complex trading.

MetaTrader 4, EAs, automated trading and advanced charting are all included.

One thing that makes AvaTrade stand out is the MetaTrader 4 Floating Spreads, which feature all the same functionalities as the standard MT4 platform but with the added advantage of allowing traders to trade on the lowest spreads available from AvaTrade’s liquidity partners on Forex, stocks, commodities and indices.

AvaOptions gives traders the opportunity to experience ‘real options’ on a superior platform. Clients can trade the flexibility of Forex Options alongside Forex spot trading on OTC Vanilla put and calls. With over 40 trading instruments, the interface allows traders to create exact strategies that are suited to every trading style.

AvaTrade offers a range of powerful trading platforms that allow clients to trade instantly from live graphs and set a variety of orders, stops and limits to manage their own portfolio. It is also possible to monitor and trade equities on the same screen as Forex and commodity trades.

Execution of Speed Comparison

AVATRADE
80
PEPPERSTONE
100
THINK MARKETS
90
IC MARKETS
100
CMC MARKETS
90
XM
90

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF AVATRADE's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/5 customer support
  • Global presence with large client base
  • 1 account type offering access to various trading platforms

AvaTrade has clients all over the globe and offers great customer support 24/5 through live chat, online help, email, a phone hotline and a FAQ section. Devoted customer service is available in 14 languages.

Clients can only select one account type upon registration; however, these accounts provide them with access to various trading platforms, such as MetaTrader 4, AvaTradeAct, Mirror Trader, Floating Spread and AvaOptions, on which they can conduct their trading business. 

In addition to a large selection of currency pairs and commodities, AvaTrade also offers a decent range of indices from around the globe to choose from, including the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500 and US DJIA Index.

In total, more than 250 financial instruments are available to trade: More than 60 currency pairs, 19 stock CFDs, 17 commodities, 21 ETFs as well as a large selection of shares, options, etc.

FOREX AND OTHER TRADING OPTIONS AT AVATRADE

In Summary

  • 60+ currency pairs
  • 7 cryptocurrencies
  • Selection of shares, ETFs & commodities
  • 19 indices CFDs

AvaTrade offers a total of 250+ instruments to trade on: More than 60 currency pairs, 7 cryptocurrencies, 19 stock CFDs, 17 commodities, 21 ETFs as well as a large selection of shares, options, etc.

Traders can choose to trade the above-mentioned options on some of the world’s top markets such as the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, US DJIA Index, Germany 30 and Hong Kong 50.

AvaTrade offers leverage of up to 400:1 and 10 different funding currencies. Lot trading requires a minimum of 1.0 on Forex with the exception of Bitcoin trading, which starts at 0.10, and spreads, which start from 0.075 Ruble. Stock indices typically require lot trading sizes of 1 with the Germany Dax 30 and the Italy FTSEMIB being exceptions, where the minimum trading lot requirement is 0.10. Clients can start trading with minimum deposits starting from $100.

SPECIAL FEATURES OF AVATRADE

In Summary

  • Multiple trading platforms to choose from
  • Own proprietary platform
  • Fixed & floating spreads & leverage of up to 400:1
  • Options 

AvaTrade offers a strong welcome bonus that is based on the client’s first deposit amount. Starting from $100 to match a $100 deposit, the tiered bonus structure reaches as high as $10,000 when the initial deposit is $50,000 or more. This is a huge bonus that is rare to find elsewhere in the world of online trading.

A tiered account structure (Silver, Gold Platinum, Ava Select) allows clients access to even more benefits. Clients who reach Ava Select status are provided with a dedicated senior account manager.

Clients have access to multiple trading platforms. One thing that makes AvaTrade stand out is the MetaTrader 4 Floating Spreads, which feature the same functionalities as the standard MT4 platform but with the added advantage of allowing traders to trade on the lowest spreads available from AvaTrade’s liquidity partners on Forex, stocks, commodities and indices. Floating Forex spreads start at 0.9 pips, and a multi-account-management platform is available.

AvaTrade offers a strong welcome bonus that is based on the client’s first deposit amount. Starting from $100 to match a $100 deposit, the tiered bonus structure reaches as high as $10,000 when the initial deposit is $50,000 or more. This is a huge bonus that is rare to find elsewhere in the world of online trading.

Max Leverage Comparison

AVATRADE
400:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
IC MARKETS
500:1
CMC MARKETS
500:1
XM
500:1

IN CONCLUSION

AvaTrade is an internationally renowned online Forex broker with strong features. Offering a solid range of trading instruments, including 7 cryptocurrencies, AvaTrade's clients can choose from an interesting and diverse range of trading platforms, including their own proprietary platform. Invetsors interested in social-trading can further utilize Zulu Trade to connect to a network of copytraders. Compared to other Australian and international Forex brokers their max. leverage and spreads are at a very competitive but not leading level.