AvaTrade review: updated broker reviews in 2021

Warning: the information presented here about AvaTrade and its services is merely generic and comes from reliable sources of public access or received from AvaTrade (entity authorized to operate in New Zealand by the CNMV or through the financial passport regime dollarpeo).

AvaTrade it is a broker to invest in the forex market with a very complete offer of CFDs. If you are concerned about the security of your money and you are looking for advice about AvaTrade: opinions or information about whether it is a scam or is it legit, in this review we show that this broker is safe and legal .

We are a pioneer company in the online investment sector that was established in 2006 by experts in online trading and financial professionals. This is a company multinational with headquarters in Dublin, Ireland and branches in Madrid, Paris, Tokyo, Dublin, Milan, Sydney, among other cities.

AvaTrade is a broker to invest in forex , stocks, cryptocurrencies, raw materials and other assets with important security guarantees, such as be regulated by the Bank of Ireland .

One of the first questions you are probably asking yourself may be whether AvaTrade is a scam, so we will hasten to refute all suspicions that you can have in terms of that, confirming to you that this broker is completely safe.

With the AvaTrade broker you will be able to use some very well-known platforms such as MegaTrader 4 and MegaTrader 5 , available with most of the intermediaries in financial investments , as well as, operate with its own special software, both from the computer and from any mobile device with Android or iOS operating system.

For everyone who needs to accumulate basic or additional knowledge about the operation of the different tools, there is an educational resources section which include guides and video tutorials for investors of all levels.

Keep reading our broker review and find out about the opinions about AvaTrade and the features of your portal.

Our experience with AvaTrade

The truth is that the investment experience with AvaTrade is fluid and does not present any special complications . It is a platform that allows you to invest quickly, with a simple to use interface and a good offer of financial instruments.

As for the diversity of options for investing in AvaTrade , there is a lot that could be improved, especially in the forex and CFDs offer, since we have seen other online brokers much more varied catalogs. As far as cryptocurrency trading is concerned, we have not observed any noticeable difference to what can be found on other trading portals.

What is one of the great pros of AvaTrade is its reliability , formalized through authorization by the Central Bank of Ireland and the Financial Services Commission B.V.I, among several other authorities.

Conclude that AvaTrade is not a scam it does not mean that we are done with the analysis of this broker. We also have a lot to tell you about its website and its functionality.

The security conditions are sufficient, we have clarified that and this makes AvaTrade join the family of reliable brokers such as eToro , but they also have a 24-hour customer service is available which is attentive and a small educational section in which some investment concepts can be reviewed.

In case you want to test how good AvaTrade is (something we recommend you do, especially if you have little experience in trading risky assets), you can opt for create a free demo account and trade with a play money balance.

Several analysis, statistics and calculators they will help you make your forecasts of the dynamics of the markets and make the appropriate decisions to better manage your investments. According to the opinions about AvaTrade from users who usually use its website regularly, this data is useful and often helps to prevent economic losses.

Considering the risk of falling into scams when testing unknown operators, opting for AvaTrade seems to us a reliable alternative with all the guarantees of working with someone who meets the standards that any investor can expect. In the next section we explain why.

AvaTrade: Scam or legit?

That some brokers are not very well known to the general public, does not mean that they are scammers. We think that we are facing one of those legit brokers .

First of all we must take a look at the terms and conditions that regulate the treatment of users with the broker, there they inform us that the AvaTrade group is registered in the Virgin Islands, however, they later clarify that relations with clients who come from New Zealand, are regulated by the legislation of England.

This is also endorsed because the AvaTrade broker is regulated by the Central Bank of Ireland (Central Bank of Ireland) with the registration number C53877 .

Personal data are also tools commonly used by criminals who engage in scams, but it will reassure you to know that the company complies comply with the dollarpea privacy policy , since the company that obtains your data is AVA Trade EU Limited based in Dublin.

A look at the most relevant of AvaTrade

In addition to operating legally on Dollarpa, AvaTrade has a presence on five continents and it is regulated globally . A special feature of this broker is that it has the option of opening an Islamic trading account with which to operate in the financial markets in accordance with the principles of Islamic Law or Shariah.

Like all authorized and legal online investment portals such as Libertex , for example, this broker makes sure to fulfill its obligation to warn your users about the possible risk of economic losses as a result of operations carried out on its website, which earns another point in favor that we accumulate when forming our opinions about AvaTrade.

AvaTrade offer

Beyond that the web is not dedicated to the scam, but it is a broker regulated at Dollarpa , you will like to know what you can expect from them as an investment platform. Well, if you register you will get access to a wide range of underlying assets in which to invest through CFDs through one of the 7 different platforms offered by the broker .

In fact even there is the possibility of incorporating APIs . The website is complemented with economic information of interest such as an economic calendar, a list with the next companies to deliver dividends and some other quite useful information such as a stock market calculator to calculate all the details of your position before launching the order to the market.

In addition, if you wish you can open a demo account to test for yourself the main functionalities of the platform and even your investment strategies, so that you don't need to risk money until you feel ready.

You probably know how CFDs work and that they have an expiration date, when the trade closes, but AvaTrade has the option to renegotiate CFDs , which translates as a change of the price of an expired contract with a new one before the old contract expires, adjusting the difference in price between the 2 underlying contracts.

In the following sections of our page we will tell you about some of the assets you can invest in so that you know all the options that you will discover with the AvaTrade broker.

CFDs

This broker focuses especially on the possibility of investing in CFDs . You will have at your disposal more than 250 different underlying , although depending on which investment platform you choose, you will have access to more or less.

In various CFDs the leverage level can reach the ratio 200:1. The spreads are very competitive , although we cannot give you a figure since its price varies depending on the market for all the underlying with the exception of gold, silver and crude oil. For the convenience of traders, contracts are renewed during weekends (we are referring to the operation known as CFD rollover).

There are CFDs available on stocks, indices, ETFs, commodities and even U.S. Treasury bonds. UU., Japan and Dollarpa with leverage ratios of 100 to 1 for the latter. In each of the categories there is a sufficient offer of options.

For example, among the actions you have access to value of bags such as the New Zealand Stock Exchange, Wall Street, the Frankfurt Stock Exchange, the London Stock Exchange, Dollarnext Paris, the Tokyo Stock Exchange, the Mexican Stock Exchange, the Lisbon Stock Exchange or the Santiago de Chile Stock Exchange.

Cryptocurrencies

Although they are actually traded using CFDs and they could well be included in the previous section, we think that many users will be interested to know that on this website you can invest in cryptocurrencies such as bitcoin, ethereum, bitcoin cash, littecoin, monero, neo, iota, zcash and ripple.

To facilitate the investment the platform offers decent charts that make it possible to make a good analysis , something that is not always available in the bitcoin trading portals and other cryptocurrencies. The trades allow leverage in a ratio of up to 20 to 1.

While for some cryptocurrencies are a fairly well-known investment object, for others they may seem as incomprehensible as nuclear physics. Therefore, we are going to dedicate a few lines to the basics and operation of cryptocurrencies .

First of all, it should be clarified that these are virtual currencies that they are not regulated in any way , and therefore, they imply a higher level of risk, since they do not have the client protection mechanisms such as deposit guarantee funds or investments, for example.

To control transactions with these virtual currencies, shared accounting records are used or blockchains , where each drive is encrypted with a unique cryptographic code which serves to identify her.

When someone buys or sells cryptocurrencies, that practically means that exchanges those codes that give you access to the registration information or the blockchain corresponding to the units sold.

Forex Trading

Forex is nothing more and nothing less than an abbreviation of Foreign Exchange used to name the foreign exchange market. This is a global market where currency pairs are bought and sold with the objective of speculating with the price and generating profits from the margin between the purchase and sale prices.

Those pairs they are obviously composed of two components : the main currency that is bought or sold and for which the investor obtains a certain amount of the secondary or quoted currency that, in turn, becomes the second element of the pair.

According to reviews about AvaTrade, its website is characterized by a very wide range of Forex investments, so you can invest in the most popular pairs such as NZD/USD, GBP/USD and USD/JPY , as well as in several pairs categorized as exotic.

Free demo account

With this option you will be able to personally check if AvaTrade is reliable and safe, because you will be able to know its pros and cons investing without any risk to your money . Both novice and expert traders could consider opening a demo account on this broker's website, since this can only be an advantage and a great opportunity to get to know their platform.

In case you're wondering how the free AvaTrade account works , here are some clues. First of all you have to opt for said account and register in the corresponding section. Once this is done, you will be provided with a play money balance that you can use to trade the underlying of your choice.

However, do not forget that in case of obtaining benefits, these would be irretrievable and to earn real money, you will have to reload your account with real funds using the payment methods accepted by the broker.

Accepted payment methods

For New Zealand users residing in any country of the Dollarpea Union, the deposit methods are reduced to credit cards and bank transfers .

The minimum deposit by bank transfer is $500 while for credit cards it is reduced to $250. If you live outside the EU, yes you can use e-wallets such as PayPal, Skrill, Neteller and others, but unfortunately they are not available to EU users.

Funds deposited by credit card are debited to the trading account in just a few seconds, except on the first occasion that something may be delayed due to security checks. In fact, before you can enter money you will have to verify your identity sending them some documents.

From Estafa.info we think that brokers who ask for verification at the time of entry and not at the time of withdrawal, they're giving a little show of seriousness , so mini-point for them.

AvaTrade's commissions are usually reasonable and competitive, although like all financial investment intermediaries, it has administration fees for inactive accounts for more than 12 months.

Since you verify the account at the beginning, withdrawals have no major complication , and are performed quickly. What is important is to be aware of the bonus requirements if you accepted one.

You should keep in mind that withdrawals of an amount less than 200% of your deposit will always they must be made to the same account from which they came . From that amount, you can withdraw your benefits to the account you want, as long as it is in your name.

To summarize our opinions about AvaTrade and the payment options that are presented to us when investing through its portal, we must say that we have stayed somewhat surprised by its scarcity , since brokers such as IQ Option , for example, stand out for a rather greater diversity.

In terms of security, the accepted means of depositing and investing with AvaTrade stand out for a high level of protection and confidentiality, in addition, as of 1/1/2021, dollarpeos banks apply a 3D security authentication code for online bank card transactions.

AvaTrade Security

We have already advanced that AvaTrade is not a scam, but we still have a few things to comment on its security in terms of data protection technology , regulation by supervisory authorities and appropriation of client funds.

The first thing you should know is that, of course, all transactions with the platform go encrypted using SSL technology . Any broker that does not comply with this, would be simply unacceptable and would not even come close to the height of AvaTrade or BDSwiss .

They also rely on the McAfee Secure service (HackerSafe) to avoid scams in transactions. Another security practice that always gives investors peace of mind is that the company keeps client funds in segregated accounts, in such a way that users' money is not used for the broker's daily expenses .

Apart from the regulation of the Central Bank of Ireland which is the one that concerns you as a New Zealand user, AvaTrade is also regulated by the Financial Services Commission B.V.I , the ASIC under number 406684, the Financial Services Board of South Africa under number 45984 and the FSAs (No1662) and the FFAJ (No 1574) of Japan.

Finally it should be noted that the company complies with WebTrust standards from the American Institute of Certified Public Accountants, something that proves the reliability of its investment portal.

Customer service

The customer service is generally good. Maybe it could be a little faster and they are aware of it since they even warn it on their website, but the truth is that they respond within reasonable time limits .

You have at your disposal a phone number in New Zealand, de Madrid , which will fit securely into your phone flat rate. In addition, you can get in touch with them by email, through a contact form and through the live chat that you will find at the top of the page.

When starting the live chat you will be greeted by a chatbot it will ask you to write your question, it has an extensive database of information that will sift through your doubt and provide you with the necessary answers.

Within the contact the support center section you will also find a list of questions and answers , distributed by topics and categories, as well as you can use a search tab to specify the subject that interests you.

Functionality of the website

The web it is translated into New Zealand and although on occasion it has some spelling problem, it allows its use with total ease. The organization is classic with the most important parts at the top and in the center and a lot of additional information in the footer.

The way to present and link the different sections is very intuitive and it will not be difficult for you to find all the information you need, in addition to having a good number of examples and explanations about the different products and procedures, very useful if we take as a reference the opinions about AvaTrade.

As for investment platforms, you can choose from several, one of them being MetaTrader which is well known to all traders, so absolutely nothing to object. They deserve a good note in this section and remove all suspicions that AvaTrade is a scam.

Finally, professional investors who want to trade on AvaTrade they will be able to open a professional account and take advantage of advanced options and settings, although only if they meet the following conditions: sufficient stock market activity in the last 12 months, corresponding experience in the financial services sector and a portfolio of financial instruments of more than $500,000 (including cash savings and financial instruments).

AvaTrade mobile app

The truth is that the AvaTrade app stands out in the market because many traders develop an app and then don't take enough care of it. In this case it is a very good quality app . You will find it by searching AvaTradeGO.

Among its features it stands out that it allows you to carry out your operations in a simple way but at the same time it allows you to create watchlists, analyze graphs and gives you access to real-time market information .

On the other hand, if you usually use MetaTrader 4 , the AvaTrade broker also offers you the opportunity to trade with its app, so you don't have to go around learning how to use the app again, which after all is nothing more than a tool.

So, with the convenience that the AvaTrade mobile software gives you, you will be able to trade and follow the dynamics in the markets at all times and always when you need it. If you already have some experience as a trader, you will know that investing at the right time is of vital importance to succeed.

Finding

We have a good opinion about AvaTrade. In terms of security, the broker convinces us quite a lot: SSL encryption, segregated accounts, identity verification at the beginning of opening the account, regulated by the Central Bank of Ireland. Good features that make us confident in our opinion that AvaTrade is not a scam.

On the other hand we have the investment offer that is quite complete, with attractive rates and that allows you to invest in a large number of CFDs including some about cryptocurrencies. Possibilities that are complemented by different investment platforms, all of them of quality and a customer service available in New Zealand and willing to help.

If things are going well so far, now we have the icing on the cake: the possibility of testing how good your platform is with a demo account with a fictitious balance of $100,000 which is always appreciated especially when you are starting out in the world of trading. For us it is a recommended CFD broker without the risk of scams.

The security guarantees that authorization by reputable regulatory entities gives us on five continents and in seven jurisdictions they seem enough to us to be able to promote AvaTrade as a reliable broker and an antipode of scams and scams.

All the opinions about AvaTrade that we have examined agree on this, which has also convinced us to recommend this online broker .

FAQ: frequently asked questions

We understand that the risk involved in investments in financial assets could generate certain doubts, especially if you have just entered the world of trading operations. Whether you need some clarification or something has escaped you while reading our reviews about AvaTrade, you will find everything in this last section from our guide.

🤔 What is AvaTrade?

This is a portal for online financial investments with a wide product range , among which are forex operations, cryptocurrencies, as well as CFDs of different assets such as stocks, treasury bonds, stock indices, among others. AvaTrade is an insurance broker trusted by traders from all over the world.

💶 What are the AvaTrade fees and commissions?

The commissions of this broker are based on the type of operation you make and given the enormous variety of possibilities to invest it would be difficult to come up with any figures. However, you should know that if 12 months pass, during which your account has been inactive, the broker will charge you a $100 administration fee .

▶️ How does AvaTrade work?

AvaTrade works similar to other secure online brokers. On their website only registered users can operate and that they have verified their identity. Initially you will be able to open a free demo account and familiarize yourself with its portal and options. To start investing for real, you will have to deposit real money through a card or a bank transfer.

📈 How to invest in AvaTrade?

You will have several options for trading on AvaTrade, most of which are in the form of CFDs . In the edicative section that has strived to create this broker you will find guides and videos with demonstrations to learn how to perform operations with all instruments.

⚠️ Is AvaTrade safe?

You can remove all doubts that AvaTrade is a scam. This broker is reliable and regulated for several supervisory entities , both in Dollarpa and on other continents. In addition, it applies state-of-the-art technologies to guarantee the cyber security of its users.

Is it possible to invest in cryptocurrencies with AvaTrade?

AvaTrade has an extensive cryptocurrency catalog in which to invest. Some of the most popular are bitcoin, litecoin, stellar and ethereum , but the entire list includes more than 10 alternatives. However, make sure you know the rules of cryptocurrency trading and the nature of virtual currencies well.