AvaTrade
Written by:Christopher ChukwuemekaUpdated: Dec 2022Expert verified
Recommended for
  • forex trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
900+ people chose this broker in the last 6 months
Top5Brokers Score
3.5/5

AvaTrade review summary

Avatrade is a global forex and CFD broker. Account opening is easy and fully digital. Broker offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools. On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. Top5Brokers gave Broker a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.

AvaTrade is available in Nigeria!

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76% of retail CFD accounts lose money
S&P 500 CFD benchmark fee
$2.6
Credit/debit card deposit
Yes
Minimum deposit
$100
Negative balance protection
Yes
Pros
Cons
Easy and fast account opening Only CFDs, forex, and cryptos offered
Free deposit and withdrawal options High inactivity fees
Great research tools Average forex fees
Expert opinion
“Avatrade is one of the best and cheapest brokers for stock trading. I found it quite easy to open an account, and there’s no need to make an initial deposit. DEGIRO’s user interface is well designed and user-friendly, which is why I usually recommend it to my friends when they start investing into equities. I really liked that you can view the exact costs of a trade before you place an order - so no nasty surprises at the end of the month! Plus, there’s no inactivity fee, so no need to worry if you trade only once or twice a year.”
Francis John
Co-founder / CPO

AvaTrade main highlights

🗺️ Country of regulationIreland , Australia , Japan , South Africa , Abu Dhabi , British Virgin Islands , Israel
💰 Trading fees classlow
💰 Inactivity fee chargedYes
💰 Withdrawal fee amount$0
💰 Minimum deposit$100
🕖 Time to open an account1 day
💳 Deposit with bank cardAvailable
👛 Depositing with electronic walletAvailable
💱 Number of base currencies supported7
🎮 Demo account providedYes
🛍️ Products offeredForex , CFD , Crypto ,
To read much more details about the broker's services and features, expand on the sections below.
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Broker review
Fees

3.7
AvaTrade has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high.
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Broker review
Account opening

5.0
AvaTrade Account opening at AvaTrade is smooth and fully digital. You can start trading literally in minutes.
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Broker review
Deposit and withdrawal

4.5
AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days.
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Broker review
Web trading platform

3.8
BrokerAvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
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Mobile trading platform

4.7
BrokerAvaTradeGo is a modern, easy-to-use app with a decent set of features, including the AvaProtect insurance scheme. However, order types are limited and the app comes only in English.
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Broker review
Desktop trading platform

3.4
In design and function, BrokerIn design and function, AvaTrade's MetaTrader 4 desktop platform is almost the same as the MT4 web platform. A big difference is that you can set price alerts on the desktop platform.
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Broker review
Markets and products

2.3
AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks.
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Broker review
Research

4.6
AvaTrade has user-friendly research tools, from trading ideas to a nice news feed. The only thing we missed was fundamental data on stocks.
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Broker review
Customer service

5.0
AvaTrade has great customer support, giving fast and relevant answers in many local languages. On the negative side, support is not available 24/7, only 24/5.
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Broker review
Education

5.0
AvaTrade is packed with lots of quality materials to educate yourself, and also offers a demo account.
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Broker review
Safety

AvaTrade is overseen by a number of regulators. It's a well-established brand but is not listed on any exchange, does not disclose financial information and does not have a bank parent.
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Bottom line

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Broker review
FAQ

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Author of this review

Sofie Nasle

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined Top5Brokers in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Christopher Chukwuemeka

Analyst Head

Chukwuemeka worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined Top5Brokers in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on Top5Brokers is based on reliable data and unbiased information.

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76% of retail CFD accounts lose money