The online broker AvaTrade has been active since 2006 and is today offering both traditional trading and a separate platform for social trading.

Some examples of what you can gain exposure to at AvaTrade are forex, cryptocurrencies, stocks, options, bonds, exchange-traded funds (ETF:s), commodities, and indices (indexes). When it comes to forex, over 50 different currency pairs are available, including both majors and minors, and trading takes place 24/7 at the AvaTrade platform. For those who are more interested in cryptocurrency than a traditional currency, AvaTrade offers exposure to cryptos such as Bitcoin, Ethereum, and Ripple. All in all, nine different cryptocurrencies are available.

You need to make a deposit of at least $/£/€100 to start doing real-money trades at AvaTrade.

If you want to, you can open a free Demo Account with AvaTrade to check out what they have to offer. The free Demo Account is filled with play money, to allow you to explore without risking any real money.

If AvaTrade doesn’t sound like the right choice for you then you can click the link to find other top uk forex trading platforms.

Trading platforms at AvaTrade

• The MetaTrader platforms; a group of third-party trading platforms utilized by a rich variety of online brokers and their clients.
• AvaTradeAct, a trading platform developed specifically for AvaTrade and only accessible for AvaTrade clients.
• AvaSocial, a social trading platform developed specifically for AvaTrade and only accessible for AvaTrade clients.

As mentioned above, MetraTrader is a group of several platforms. With an AvaTrade account, you get access to both MetaTrader 4 (MT4) and MetraTrader 5 (MT5), and can use the MetaTrader Mobile trading app on mobile phones and tablets. MT4 and MT5 are available both for download and directly in your web browser.

Account types (for real-money trading)

• AvaTrade Standard Account
• AvaTrade SwapFree Account
• AvaTrade MAM Account

A vast majority of all the AvaTrade account holders have a Standard Account. The SwapFree Account is typically only used by Muslim individuals who follow Sharia rules regarding interest. The MAM Account is for professionals (e.g. money managers) who needs to have access to multiple accounts on behalf of their clients.

With a MAM Account, you can open and close orders for an unlimited number of clients through your head account, and it is possible to create many sub-groups for trading. A MAM Account is compatible with Expert Advisors (EA:s).

AvaSocial

AvaSocial is a trading platform for social trading, where it is easy to follow other traders and have the trading software copy their actions for you. You can also opt-in and allow for other traders to follow and copy you.

Being on AvaSocial doesn´t stop you from doing normal manual non-social trades; you get the best of both worlds.

Market signals and fully automated trading solutions can be utilized on AvaSocial.

AvaSocial apps are available for both iOS and Android.

Automated trading

Several solutions for automated trading can be used with your AvaTrade account, including RoboX, Duplitrade, API Trading, Mirror Trader, and MQL5 Signal Service.

Is leveraged trading available?

Yes, AvaTrade offers leveraged trading. In some jurisdiction, their ability to offer big leverage to non-professional traders is limited by law.

The underlying asset will impact the size of the maximum leverage available to a trader. You may for instance be offered 1:400 for certain traditional currency pairs, but only 20:1 for cryptocurrencies.

Resources

If you want to learn more about trading and trading techniques, visit the AvaTrade Education Centre. It is filled with videos, e-books, courses, guides, lexicons, and more.

AvaSocial includes a forum where traders meet to discuss trading, debate, and learn from each other.

Customer service

AvaTrade has received a lot of praise for its customer service. For starters, they still offer phone service in an era where many online brokers only have e-mail and live chat options. Of course, e-mail and live chat are also available here, and you can even contact AvaTrade through social media such as Facebook.

Customer service is available in several languages.

Deposits and withdrawals

Examples of accepted transfer methods: VISA, MasterCard, Ava Debit MasterCard, WebMoney, Neteller, PayPal, Skrill, Bank Wire Transfer

The smallest possible deposit is 100 USD/EUR/GBP.

Important: If your transaction method is Bank Wire Transfer, you can not make deposits smaller than 500 USD/EUR/GBP.

The fast withdrawal method is the Ava Debit MasterCard, which you can apply for once you have an AvaTrade account.

The second-fastest withdrawal option are usually any of the e-wallet solutions, such as Neteller. You can expect AvaTrade to need one bank day or so to process your withdrawal request, and for the e-wallet to give you access to your money very quickly once AvaTrade has sent them.

With VISA and MasterCard (not the Ava card), it is not uncommon for four or more bank days to pass between your withdrawal request and you actually having access to your money.

Bank Wire Transfers from AvaTrade tend to be really slow; it can take more than ten days for everything to clear.

Corporate information

AVATrade is active in many different countries through various subsidiaries. The parent company is AVA Group.

Within the European Union, AVATrade acts under its Irish licence, issued by the Central Bank of Ireland (License #C53877).

Examples of other countries where AVATrade is licensed or authorized are South Africa (FSB license #45984), Japan (FFA license #1574), and Australia (ASIC license #406684). In Canada, AVATrade acts through a partnership with Friedberg Direct (a part of Friedberg Mercantile Group).