AVA Trade is a CFD broker that offers to trade CFDs on forex, stocks, indices, commodities, bonds, ETFs, cryptocurrencies + vanilla options. This company is regulated by the Central Bank of Ireland, so the broker can legally offer its services to citizens of the Czech Republic and Slovakia and offers one of the best platform for trading. The minimum deposit for AvaTrade broker is set at $100 (for card deposits), for bank transfer the minimum deposit is $500. AvaTrade broker has been operating on the market since 2006.
AVA Trade Broker Overview
|Minimum deposit||100 USD|
|Trading platform||MT4, MT5, own|
AVA Trade – Trading Platforms
AvaTrade traders can use the trading platform: MT4, MT5, AvaOptions. MT4 and MT4 are very popular among traders and serve very well not only to open and close trades, but also to analyze the markets. These two platforms also support automated trading systems (EAs). AvaOptions is a special platform straight from the broker’s workshop and is used for trading vanilla options. All these three platform offers trading either straight from a web browser or from a smart device.
AvaTrade also supports connecting your AvaTrade trading account (via MT4) to two popular social trading platforms – ZuluTrade and DupliTrade. These platforms allow you to track and copy successful traders on these platforms (who can be selected based on their success rate, for example, or what assets they frequently trade). In order to connect MT4 to the ZuluTrade copying system, you need to deposit more than the broker’s minimum deposit, i.e. $/€/£500. To connect MT4 to DupliTrade then even $2,000.
AVA Trade Fees (spreads)
Like any other CFD broker, AvaTrade charges a spread fee. For the current value of this fee, please visit the AvaTrade website. We have prepared a small comparison table here, where you will find the amount of AvaTrade spread fees on popular currency pairs compared to 2 other popular CFD brokers.
Plus500** 0.6 0.7 1.1 0.6 XTB** 0.8 1.4 2.0 1.7
*Spreads for standard account. Spread data was taken from the broker’s website on 26.06.2020 at 9:22 GMT.
**Spread data was taken from the broker’s trading platform on 26.09.2019 at 12:26.
AvaTrade does not charge any fees when depositing or withdrawing funds (regardless of the payment method used).
AvaTrade offers CFDs on something around 700 underlying assets, 55 of which are currency pairs, 600 stocks, 19 commodities, 23 indices, 20 ETFs, 2 stock warrants and 13 cryptocurrencies (+1 crypto index which contains the top 10 cryptocurrencies) + 44 vanilla options. Some stocks and/or indices are only available on MT5, forex pairs, cryptocurrencies, ETFs and bunds are available on both platforms.
AVA Trade Review Summary
AvaTrade must adhere to the strict regulatory guidelines of the Central Bank of Ireland. The broker offers a total of 3 trading platforms and a limited time free demo account. The range of assets here is very decent, with approximately 700 underlying assets. Unfortunately, AvaTrade does not offer Czech language support, so if you want to trade with the broker you need to have at least basic English or another world language. The broker’s fees (spreads) are very decent when compared to other popular competitors in the industry. You can read more about them on our website. Unfortunately, the company does not support deposits or withdrawals with internet wallets such as Skrill or Netteler for European clients, which I consider a great pity.
However, when I consider the broker’s overall offering, AvaTrade is a company that has a lot to offer its traders.
- 3 trading platforms
- free demo account
- regulated broker
- Czech language not offered
- internet wallets not supported