Welcome to our review of AvaTrade.
Since 2006, AvaTrade (former AvaFX) has been a preferred broker for more than 200.000 traders executing trades worth more than $60 billion a month. AvaTrade has its headquarters in Dublin, with sales offices in Ireland, Italy and Australia. AvaTrade has won nine industry awards since 2009. This is our AvaTrade review:
|Category|| Rating||Explained |
|Spreads||3||It is around industry standard. Spreads start at 0,8.|
|Cryptocurrency market||4||Cryptocurrencies like Bitcoin and Ethereum are two of the focus areas of AvaTrade.|
|Regulation||3||Regulated by MIFID & ASIC.|
|Trading platform||4||AvaTrade uses Meta Trader 4, ACT, ZuluTrade and Mirror Trader, some of the most popular instruments in the industry.|
|Mobile trading||4||Easy to download and use.|
|Free Demo||5||A good way to get to learn the broker is to use the trading platform in the free demo.|
|Dealing desk||4||AvaTrade has two dealing desks.|
|In total||27 (3,85 average)||AvaTrade is a pretty good FX broker.|
Compared to the rest of the CFD/ FX industry:
4 Pretty good
3 Industry Standard
1 Improve, please
AvaTrade bonus and bonus codes
A couple of years ago, all the CFD and spread betting traders that mattered online offered bonuses when you signed up with a broker. Nowadays, many of the English-based brokers, such as Plus500 and ETX Capital, are no longer offering bonuses to new clients. AvaTrade, however, still offers bonuses to new clients of up to 35 %. A CFD bonus is a good way of getting started and learning about the platform.
Sometimes a broker uses a bonus code which offers the client an extra advantage if using a special bonus code. AvaTrade, however, does not use bonus codes in relation to their bonuses. Everybody who might otherwise qualify for the bonus is entitled to the same bonus, which is decided by the amount that you are depositing into your account when you make your first deposit to AvaTrade.
|First deposit in ($/ €/ £)||AvaTrade Bonus ($/ €/ £) |
If you’re a trader who likes to trade on the go, then the AvaTrade mobile app is the thing for you. The app is easy to use and popular with AvaTrade’s users. You can download the AvaTrade mobile app from an app store, Google or wherever you normally get your apps from. The AvaTrade mobile app can be used on iPhones and Android phones. The app is free to download and works on the free demo as well as for real users.
Cryptocurrencies trading and spread
The cryptocurrencies Bitcoin and Ethereum are two of the strongholds of AvaTrade. All you have to do in order to trade cryptocurrencies as CFDs is to register, deposit, choose the contract under which you want to buy or sell, and start trading. When you trade bitcoins, the leverage can be up to 20:1, and you can trade for as little as 100$/ 100 £/ 100 €.
AvaTrade Client base
Of a combined client base of more than 200.000 customers, most are located in Europe and America. The largest client base for AvaTrade is found in the UK, Canada and Spain. Besides the big markets, AvaTrade is established and/or growing in Germany, Brazil, Italy and Scandinavia. More markets will probably follow in the future.