AvaTrade was founded in 2006 as AvaFX, before rebranding into its current name to reflect the shift to multi-asset trading as its product range expanded into markets beyond forex. Today, the AvaTrade brand has offices in 11 countries and provides multiple trading platforms for web, desktop, and mobile devices, offering spot forex and forex options and CFDs on multiple asset classes, including cryptocurrencies.
With its headquarters in Ireland, AVA Trade EU Ltd is regulated by the Central Bank of Ireland and has passports throughout the EU under MiFID regulation. For Australian residents, Ava Capital Markets Australia Pty Ltd is regulated by the Australian Securities and Investment Commission (ASIC). In Japan, Ava Trade Japan K.K. is licensed and regulated by the Japanese Financial Services Authority (JFSA) and the Financial Futures Association of Japan (FFAJ).
In addition to its entities regulated in major regulatory hubs, AvaTrade also has entities regulated in the British Virgin Islands (BVI) by the Financial Services Commission (FSC) and by the Financial Services Board (FSB) in South Africa.
Commissions & Fees
The trading costs at AvaTrade depend on the pricing method chosen. Two pricing methods are available: fixed spreads and floating (variable) spreads.
In the fixed spread model, the EUR/USD lists a 3 pip fixed spread, whereas the variable pricing offers average floating spreads of 1.8 pips (median value derived from spreads during trading hours – 7:00-18:00 GMT – over prior quarter). For price-sensitive trading strategies, variable pricing is the obvious choice.
|View All Fees||AvaTrade||easyMarkets||Admiral Markets||FxPro|
|Average Spread EUR/USD - Standard||1.900||1.800||1.200||1.200|
|Average Spread GBP/USD - Standard||3.000||3.000||1.700||1.800|
|CFDs - Total Offered||171||78||106||215|
|Currency Pairs (Total Forex pairs)||60||97||55||70|
|Commissions & Fees|
AvaTrade also offers AvaSelect, which is comparable to an active trader program – with tailored trading terms – for those who deposit over 100,000 (EUR, GBP, or AUD equivalent) or who trade 100 million in volume (1000 standard lots) per quarter.
Overall, AvaTrader’s spreads are not its most competitive feature, as the average spreads on its variable pricing are higher than those of its top competitors.
AvaTrade combines in-house research tools and resources with content from third parties. On SharpTrader, users can find technical and fundamental analysis articles published daily from a team of analysts, along with integrated tools from external providers.
For finding trading opportunities, AvaTrade offers several social copy-trading platforms, including ZuluTrade, and platforms from Tradency, in addition to the Signals market on MT4.
Overall, AvaTrader has a good balance of research solutions across multiple channels, helping to round out its offering in this category.
AvaTrade also offers AutoChartist – a popular set of pattern-recognition tools for technical and fundamental analysis for live account holders who deposit at least $500. The broker’s economic calendar is powered by Investing.com. Overall, AvaTrader has a good balance of research solutions across multiple channels, helping to round out its offering in this category.
Platforms & Tools
AvaTrade offers multiple third-party trading platforms such as AvaTraderAct, ZuluTrade, MirrorTrader, and RoboX by Tradency, and the popular MetaTrader 4 (MT4) web and desktop platform from MetaQuotes Software Corporation. The ZuluTrade and Tradency platforms are primarily for social copy trading; to learn more read our guide to social copy trading. To learn more about MT4 see our guide to MetaTrader.
For this review, I focused on AvaTradeAct, by ActTrader Technologies Inc., a long-time developer of trading platforms for retail and institutional FX traders.
After logging in to the AvaTradeAct desktop platform and exploring it, I was happy to find the “Auto Arrange Windows” button, as floating windows can quickly clutter the view. While it would probably be a lot easier if windows auto-arranged by default, instead of floating, users will appreciate the platform more after learning to set it up correctly.
Moving onto the charts, the overall experience was on par with industry standards and comparable to the usual offerings of desktop platforms, with 42 indicators and a set of drawing tools.
Some more advanced features in the charting module that stood out include the ability to test a visual strategy, see closed trades on the chart history, and access a strategy library that comes with a few sample automated trading strategies. More of these are available on the developer’s FXApps store. Aside from these features, the charts were basic.
The AvaTraderAct platform offers a respectable range of tools and features, ranging from setting up basic automated trading strategies to creating custom indicators. However, its complexity makes it more suitable for advanced users.
For example, many of the most important features are clumped alongside less important ones, making the user experience somewhat erratic. There was also no watch list functionality, so adding symbols by subscribing to each one from the instrument catalog was a manual process.
Moving to the web version of the platform, AvaTraderAct comes available for web, and is known as ActLite, a lighter version of its desktop counterpart.
The web version was very easy to use, and the user experience was enhanced by some points such as opening a chart by default when clicking on the relevant currency pair in the dealing rates (Overview) section, and the charts (powered by TradingView) have 57 indicators and almost twice as many drawing tools.
Chart prices can also be compressed vertically by scrolling in the web version, a feature that was missing in the desktop version of AvaTraderAct. With similar order dialogue, and a cleaner interface, the web version is the clear winner between the two.
Meanwhile, more demanding traders who need the automated trading and custom indicators features may opt for MT4 as an alternative.
AvaTrade offers multiple third-party trading platforms for mobile, including the AvaTradeAct mobile app developed by ActTrader Technologies Inc, and the popular MetaTrader 4 (MT4) mobile app from MetaQuotes Software Corporation, as well as the AvaTradeGO mobile app that syncs with MT4.
To read more about MT4 mobile, see our guide to MetaTrader. For this review, I focused on using the AvaTradeAct mobile app for Android. First impressions upon logging in were that the app is nicely designed with a clean interface and smooth user experience.
Managing open positions, accessing charts, and placing orders was easy. News headline streaming is also available within the app, but not much else in terms of research content.
Overall, the AvaTraderAct mobile app has a nice design with the minimum industry standard in terms of core functionality. Adding a watch list to the mobile app would be a welcome feature, along with integrating research tools such as an economic calendar or pattern-recognition screeners.
In the UK and Ireland, AvaTrade also offers spread betting, which carries certain tax efficiencies for UK residents, compared to CFDs.
AvaTrade offers traders multiple platforms through its regulated brands, providing clients with a wide range of options for using trading tools across a good range of markets, including spot forex on 59 currency pairs and 37 currency pairs for forex options trading.
In addition to forex, AvaTrade provides five major cryptocurrencies and 168 CFDs on indices, single-stock securities (shares), ETFs, bonds, and hard and soft commodities, including metals. These comprise 264 tradable products.
While trading costs are not AvaTrade’s strong point, the broker provides a good range of research tools and platforms for social copy trading. Meanwhile, traders who meet deposit or volume requirements for Ava Select can access tailored trading terms.
For our 2017 Forex Broker Review we assessed, rated, and ranked 20 international forex brokers. Each FX broker was graded on 255 variables. Learn more.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more.View all AvaTrade Fees & Features
Reviewed by Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Over the past 18 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.