AvaTrade Reviews

Here are the key features and benefits of avatrade.com:

• Regulated by ASIC, FSCA, and FSA, ensuring a safe and secure trading environment for its clients.
• Offers negative balance protection, protecting traders from losses exceeding their account balance.
• Provides transparent fee structures, with no deposit or withdrawal fees.
• Easy and fast account opening
• Free deposit and withdrawal options
• Great research tools
• Diverse range of assets
• Regulated
• Segregated client accounts from Europe, Australia, and Japan
• Award-winning brand
• Competitive spreads
• Straightforward signup process
• Lots of trading tools availed for free
• Social trading features for beginner traders
• Low minimum deposit
• 19,000+ Traded Assets
• Wide Array of Trading Instruments
• Regulated by Multiple Regulatory Bodies
• Proprietary Platform

AvaTrade is compensated for its services through the Buy/Sell (Bid/Ask) spread. This spread is incorporated into the AvaTrade quoted rates and is not an additional charge or fee payable by you above the quoted rates. Additional fees could be applied to your account, depending on your trading activity. An overnight premium is deducted from your account when holding a position after a certain time. An inactivity fee will be deducted from the value of the Customer’s trading account after 3 consecutive months of non-use. This fee is $50 for USD Account, €50 for EUR Account, and £50 for GBP Account. Your trading account may be subject to an annual administration fee after 12 consecutive months of non-use. This fee is $100 for USD Account, €100 for EUR Account, and £100 for GBP Account. AvaTrade also has deposit fees, transaction fees, spread cost, currency conversion fees and overnight funding fees. AvaTrade does not charge any deposit fees. However, minimum deposit levels do apply. The minimum deposit for credit cards and e-payment methods is £100 and £500 for wire/bank transfers. AvaTrade does not charge any commission fees. It is compensated through the market bid/ask spread. The cost of opening and closing a trade is reflected in the spread. AvaTrade spread and commission fees start from US Dollar 100 with spreads from 0.03 pips. AvaTrade charges broker fees, while deposits and withdrawals are free of charge. AvaTrade also charges an inactive fee of $50 per quarter.

AvaTrade offers a wide selection of convenient payment methods. The process of depositing and withdrawing funds is streamlined for the convenience of clients. The platform is highly regulated and adheres to strict regulations and compliance procedures.

To withdraw money from an AvaTrade account, the account must be verified and confirmed. This is part of the KYC or Know Your Customer process, which requires AvaTrade to verify the identity of its clients and assess any potential risks of illegal intentions.

The verification process requires the following documents:

• A clear, coloured copy of a valid government-issued ID, such as a passport, driver’s licence or an ID card. The full name, date of birth and picture must be clearly visible on the ID.
• A utility bill, such as water, electricity, gas, local authority waste disposal or land-line phone, to verify the address or place of residence. The full name and address must be clearly visible on the utility bill. The utility bill must not be older than six months.

If a deposit has been made using a credit card or on behalf of a third party, verification documents for both parties are required. A clear, colour copy of the front and back of the credit card used must be sent. The copy must clearly show the full name, the expiration date of the credit card, and the first and last 4 digits of the credit card number.

Deposits can be made via several methods including major credit cards, wire transfer, and several forms of e-payment such as Skrill, Perfect Money and Neteller. The available payment methods may vary depending on the client's location.

Please note that all European banks applied a 3D security authentication code from 1/1/2021 to increase the security for online credit/debit card transactions. Clients from European countries must verify their accounts before depositing.

The process of withdrawing profits is designed to be as smooth and hassle-free as possible, allowing clients to focus on trading opportunities in the financial markets rather than administrative tasks like making withdrawals.