AvaTrade Reviews Updated: Is AvaTrade A Scam?

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​Welcome to this AvaTrade Review…

Before we begin please remember this:

 ***Trading Forex/CFDs & Options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before you decide to trade any leveraged product you must carefully consider your investment objectives, level of experience, and risk appetite, because there is a posssibility that you may lose your entire capital***

Can I trust AvaTrade?

Is AvaTrade a Legitimate Forex Broker or is it a scam?

Is AvaTrade worth investing with?

How competitive are the AvaTrade spreads?

Does Avatrade give a new account bonus?

How much is the minimum deposit for an Avatrade account?

How easy is it to make a deposit with AvaTrade?

How easy is it to make a withdrawal from AvaTrade?

Does Avatrade have coaching services

Does AvaTrade have good Account Managers?

Does AvaTrade provide support?

These are some of the questions asked by a lot of people. In this review, I promise to provide answers to all of them. But first…

AvaTrade At A Glance

CompanyAvaTrade
Websitewww.avatrade.com
BusinessForex Broker
Founded Ireland 2006
RegulatorsCBI,ASIC,FSA, FSCA, MiFID, FSB, BVI, FFAJ
Minimum Deposit$100
New Account BonusYes – up to 40%
Leverage400:1
United States TradersNot Allowed
Funding methodsCredit Card, wire, Paypal, NetTeller, Webmoney
Pairs offered 50+
Trading platformsMetaTrader 4, Mobile, Automated,Web,
Ava Options, AvaTrade GO, Mac Trading
Recommended?Absolutely, YES!

What is AvaTrade?

AvaTrade is an Online Forex and CFDs (Contract For Differences) Trading Broker with a presence in more than 150 countries.

However, please note that AvaTrade is not available in the United States of America. Here is the reason obtained from their Q&A page:

Why AvaTrade is not available in the USA.

Where is AvaTrade Regulated?

AvaTrade Reguators

AvaTrade regulated globally and has offices worldwide in accordance with each country’s specific regulations.

  • The Central Bank of Ireland (CBI) regulates AvaTrade EU Limited {No. C53877}.
  • The Australian Securities and Investment Commission (ASIC) regulates Ava Capital Markets Australia Pty Ltd {No. 406684}.
  • The British Virgin Islands (BVI) Financial Services Commission regulates AVATrade Limited.
  • The Financial Services Agency (FSA) regulates Ava Trade Japan K.K. in Japan.
  • The South African Financial Services Board (FSB) regulates Ava Capital Markets Pty {FSB No. 445984}.

Clearly, AvaTrade Regulations give you confidence that your investment is in safe hands.

AvaTrade Offices Worldwide

What instruments can you trade with AvaTrade?

AvaTrade allows you to trade more than 50 Forex pairs, Exchange Traded Funds (EFTs), Bonds, Stock Indices, Commodities, Options, and Individual Equities.

These can be traded over a variety of trading platforms such as Meta Trader 4, AvaOptions, Automated Trading, Mac Trading, Mobile Trading, and Web Trading.

Opening an AvaTrade Account: what is required?

This is a very simple process where you register in a few minutes and set up either a live account or a demo account where you can practice your strategies and gain confidence before trading a live account.

To open a live account you will be required to upload a few mandotory supporting documents:

  • Your colored Government issued identification such as an Identity Card, Drivers License, or Passport.
  • Proof of residence (Latest utility bill/ insurance bill/ any document indicating where you are currently residing).
  • Proof of wire transfer for your initial investment

All the names on your uploaded documents must match the names you registered with.

AvaTrade also provides corporate accounts. The requirements for these include the following

  • Shareholders register
  • Certificates of Incorporation
  • Memorandum and Articles of Association
  • Corporate Board Resolution

Welcome / New Account Bonus

AvaTrade gives you a welcome bonus after you have made your initial investment deposit of $1000 or more. There are several other promotional bonuses. Terms and conditions apply for each of those.

AvaTrade Education

AvaTrade provides a wide range of free educational resources to their customers who need to expand their trading skills.

These materials cater to everyone from a complete beginner to advanced traders. In the world of trading, you can never have enough knowledge and skills. You need to continuously hone your skills.

They have a wide range of learning on their platform:

#1.A comprehensive beginners guide to trading which covers the following topics:

  • Forex, Charts, Meta Trader, Pip basics
  • Fibonacci Trading Strategies
  • RSI Trading Strategies
  • Commodity Channel Index Indicator
  • Moving Average Indicator
  • MACD Trading Strategies etc.

#2.Downloadable ebooks

#3.Training Videos

#4. Live webinars where experienced professional traders teach you trading strategies and executing in real time.

To top it, AvaTrade sends you reminder texts on your mobile phone to remind you of upcoming webinars, together with a webinar registration link.



Trading Information

AvaTrade provides you with a wealth of financial markets information to help you execute your trading based on valid data from sources such as:

  • The economic calendar
  • Trading conditions
  • Trading calculator
  • The Autochartist
  • Earnings releases
  • Market analyses
  • CFD rollovers
  • Islamic accounts etc.

AvaTrade Copy Trading

Do I need to be Highly experienced to start trading with AvaTrade?

Absolutely not!

You can be inexperienced and still be able to earn some money with AvaTrade.

How?

By signing up for their copy trading service. Copy trading is designed for people who either don’t have enough time to follow market trends and trade from themselves or who don’t have enough trading experience.

With copy trading your get an opportunity to participate in the financial markets by having your trades executed by seasoned professional traders with proven track records of success.

This is where you open a live copy trading account and make a deposit.

AvaTrade Customer Support

When it comes to customer support, AvaTrade is doing very well. They have a dedicated team to providing help and answering customer queries, questions, and complaints.

AvaTrade Awards

AvaTrade has been winning multiple awards every year since 2009 to date. Now that goes to show that AvaTrade is indeed a trusted broker.

AvaTrade Awards

Why AvaTrade Is A Broker Of Choice

  • Trade with confidence knowing that AvaTrade is internationally regulated
  • Trade major and minor currency pairs
  • Incredibly low competitive spreads
  • Trade manually or employ automated trading
  • Leveraged trading
  • Get high-quality educational materials and daily Forex analysis
  • An award-winning broker – demonstrates trust

AvaTrade Disadvantages

  • Non availability in the united States of America
  • Withdrawals can be slow at times



Conclusion

In my opinion AvaTrade is the best broker among the many out there. I believe that some people may have their own opinions and experiences with AvaTrade.

I also believe that Avatrade may have its own disadvantages but overall, this is the broker of choice for me.

But hey, don’t take my word for it!

If you have any opinions, negative or positive, please feel free to share them in the comment section below. We all would love to hear from you. You never know who you might help by sharing your experiences.

Risk disclosure

***Trading Forex/CFDs & Options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite.***

7 thoughts on “AvaTrade Reviews Updated: Is AvaTrade A Scam?”

    • Hello Paseka
      I advise you to continue learning on a demo account for at least 3 months. Avoid risking your money on a live account before you can get a handle on trading. It can be very risky. When you finally have a better idea then you can go on a live account. Even there invest the amount of money you can afford to lose. Always use a stop loss. Take small trades. One trade at a time. When you win, avoid being carried away.
      Happy trading.
      Remember to learn first!

      Reply
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