AvaTrade Review UK

Founded in 2006, AvaTrade is tightly regulated by several bodies across the globe, providing a reliable and safe trading platform to its 400,000 customers worldwide. Today, AvaTrade facilitates over 2 million trades each month and has handled more than $70 billion in total trading volumes per month.

There is little doubt that the offering of customisable trading platforms on AvaTrade is impressive. With five different options to choose from, there is literally something for everyone from beginners to advanced traders.

In my AvaTrade review, I have compared AvaTrade to similar brokers in order to establish their position in the market in terms of assets offered, fees charged, customer service, and safety amongst other factors so you can make an informed decision as to whether this is a good platform for you.

Who are AvaTrade?

AvaTrade was initially founded as AvaFX and has headquarters in Dublin, Ireland as well as regional offices from around the world. AvaTrade claim that they are “committed to empowering people to invest and trade, with confidence, in an innovative and reliable environment; supported by best-in-class personal service and uncompromising integrity”.

To this end, AvaTrade have provided traders with Trading Central where a suite of tools provides trading strategies based on technical analysis. Today AvaTrade is considered one of the top forex brokers in the world.

Who owns AvaTrade?

AvaTrade was co-founded in 2006 by Emanuel Kronitz and Negev Nosatzki but the trading platform was acquired for $105 million in 2015 by Playtech.

AvaTrade product range overview

AvaTrade is primarily a forex broker offering 55 major currency pairs with which to perform forex trading which is fairly on par with some of their main competitors. They also offer:

• 625 stock CFDs
• 32 stock index CFDs
• 59 ETF CFDs
• 27 commodity CFDs
• 2 bond CFDs

This is a fairly average offering in this space. Traders should be aware that not all trading instruments are available on all platforms. Most of the stocks can be traded on the MT5 platform only.

Crypto CFDs are not available to retail traders who are UK residents and are completely unavailable through trading the underlying asset.

It is important to familiarise yourself with the risks of trading any financial instrument. Currency trading on margin is considered high risk and would not be suitable for inexperienced investors.

AvaTrade platform review

There is little doubt that the platform at AvaTrade is where their offering really stands out from the crowd. In addition to this, the trading platform offers an intuitive design that is easy to use and provides unique order types to minimise any losses.

Webtrader

Whilst it may not have the customisation options of some other platforms available, AvaTrades own web platform, Webtrader, is very well laid out and easy to navigate even for novice traders.

The search functions allow traders to search by asset name or category and all the basic order types are available including Market, Limit and Stop.

Nervous about sustaining losses? AvaTrade provide a type of insurance against losses in the form of AvaProtect. You will be charged a fee for this service, however, for the period of the cover, any losses sustained on that trade will be reimbursed. This is available on market orders.

Charting is available with 90 indicators and the suite of tools from Trading Central is neatly integrated into the trading platform.

Where Webtrader does fall short is that there is no option for setting price alerts or receiving notifications. Also, Webtrader only provides access to around 200 tradable symbols, compared to the 800 offered on MetaTrader 4.

MetaTrader 4

The lack of customisation available on Webtrader is more than made up for with MetaTrader 4. MetaTrader 4 is a third-party trading platform and the leading trading platform in the world. It is fully customisable with a plethora of features designed to enhance your trading performance. Monitoring positions is a breeze with the advanced charting functionality and order management tools. Within the search functions, assets are grouped into categories although you will find that you are unable to search by an asset’s name.

This trading platform was designed primarily to trade Forex, although it is possible to trade other financial instruments. Whilst you are unable to set alerts and notifications on the web version of this trading platform, this is a feature that is available on the mobile app and desktop trading platform.

AvaSocial

AvaSocial is one of the more recent launches at AvaTrade, a mobile app allowing traders to follow and chat with other traders and copy their trades. This is provided by a third party called Pelican Trading who are FCA regulated.

Within AvaSocial you can find successful traders to copy, examine their trading history, set budgets and limits, and access automated trading. This is an excellent platform for new traders to develop their skills and knowledge.

In addition to this, AvaTrade offers social trading through a further two third parties, DupliTrade and ZuluTrade. The minimum deposit for ZuluTrade is $500, however, in order to start social trading with DupliTrade, you would need a $2,000 minimum deposit.

AvaOptions

AvaOptions is an excellent hedging tool for forex traders. It can be a little complex and is possibly geared more towards experienced traders, but there is quite a bit of functionality that allows you to buy and sell an asset at an agreed price, on a specific date in the future.

This is an intuitive platform which utilises past outcomes on Gold, Silver, and FX Options to give you the risk and profit potential of any trade. This information can be used to set an underlying strategy and manage your exposure to risk when going long or short.

AvaOptions can be accessed on both mobile and web platforms and can be used with social trading in order to share your trades with others. This is a feature worth considering as vanilla options are rarely offered at other brokers.

There is a lack of customisation or alerts available, but search functionality is good and placing orders is straightforward.

AvaFutures

AvaFutures is our favourite futures broker that stands out for its comprehensive offering and robust platform. With 17 years of experience and over 40 awards, it is one of the most trusted names in the industry. AvaFutures is regulated by nine international bodies, ensuring a high level of security and trust. The platform features MT5, known for advanced charting and automated trading capabilities. Users benefit from zero hidden fees, quick deposits and withdrawals, and free Level 2 data.

AvaFutures also provides extensive educational resources, making it suitable for both novice and experienced traders. Their customer service is highly praised for its efficiency and helpfulness.

Overall, AvaFutures is an excellent choice for traders seeking a reliable and feature-rich trading platform.

AvaFutures is our favourite futures broker that stands out for its comprehensive offering and robust platform. With 17 years of experience and over 40 awards, it is one of the most trusted names in the industry. AvaFutures is regulated by nine international bodies, ensuring a high level of security and trust. The platform features MT5, known for advanced charting and automated trading capabilities. Users benefit from zero hidden fees, quick deposits and withdrawals, and free Level 2 data.

AvaFutures also provides extensive educational resources, making it suitable for both novice and experienced traders. Their customer service is highly praised for its efficiency and helpfulness.

Overall, AvaFutures is an excellent choice for traders seeking a reliable and feature-rich trading platform.

AvaTrade Mobile Trading Platform

AvaTradeGO

AvaTradeGO is AvaTrade’s flagship mobile trading platform, providing users with an intuitive, user-friendly mobile trading experience. In terms of features, users will recognise many of the tools available on the web trading platform including some extra social and copy trading features.

Other features include news, charting tools with 93 indicators, watchlists and risk management tools such as stop-loss, limit orders, and AvaProtect which I have gone into in more detail in the Webtrader section of this AvaTrade review.

AvaTrade research

Trading Central is a third-party research provider, delivering trading ideas based on technical analysis and covering certain commodities, stock indices and FX pairs.

The economic calendar provides access to fundamental data, allowing traders to get an insight into historical volatility and trends. There are also comprehensive charts which are certainly worthy of mention, and have the capability of providing over 90 technical indicators. The news feed is an excellent way of staying abreast of market indicators and can be filtered by asset whereby you will also access a sentiment score for that asset. The trend analysis tool can give you an indication of whether an asset might fall or might rise based on technical analysis by AI software.

In addition to this, regular blog posts and videos can give you more of an insight into technical analysis.

AvaTrade education

The range of educational content on the AvaTrade platform is impressive to say the least. There is an excellent assortment of in-house material, as well as content from third-party providers including SharpTrader.

Courses and tutorials can be filtered by difficulty or subject and include nearly 60 articles in the beginner section alone and 29 for more advanced traders. There are also 48 videos in addition to the tutorials and webinars on its YouTube channel, eBooks, and economic indicators.

In addition to this, AvaTrade offers a free demo account where new traders can test-run the platform with all the features and tools, without risking any of their own funds.

AvaTrade FAQs