An In-depth Avatrade Review: Get These 3 FREE Bonuses When You Open An Account

About Avatrade

avatrade review

This comprehensive Avatrade review will cover everything you need to know about Avatrade. Avatrade is a renowned international forex broker and is part of the AVA group of companies. It was founded in 2006 and has stood the test of time.

Avatrade currently has 4 offices around the globe; Australia, Ireland, British Virgin Islands, and Japan. Having a global presence, Avatrade is able to accept most clients around the world. We will cover more of this in this Avatrade review down below.

Bonuses In This Avatrade Review

Just in case you have already decided to open an account with Avatrade but was just looking around, here are the bonuses you will get when you open an account and fund in a minimum of $1,000.

  • Lifetime Access to Our Forex Signals ($997)
  • Lifetime Access to Our Complete Forex Course ($497)
  • 20% Bonus on Deposit (Up to $10,000)

Total Value of Bonuses $11,494 all yours when you open an account here.

Kindly email us at support@financialmarketwizards.com with a screenshot of your funded account to claim your bonuses. This bonus is only available on this Avatrade review site; you will not be entitled to these bonuses if you open an account from other sources.

Is Avatrade Safe?

The forex industry is tainted with many shady and crooked brokers. Thus, selecting a forex broker that is regulated by a reputable regulatory body is important. A regulated status ensures that the broker is trustworthy and safe.

Avatrade is a reputable and trustworthy forex broker who is regulated by several authorities around the world. They are regulated by 4 different authorities.

Here’s a short summary of the 4 different authorities:

  • Avatrade is regulated by Central Bank of Ireland in the European Region
  • Avatrade is regulated by the ASIC (license number 406684) in Australia
  • Avatrade is regulated by the FSB (license number 45984) in South Africa
  • Avatrade is regulated by the FSA (license 1662) and FFA (license number 1574) in Japan

Among the many broker reviews we have done, Avatrade is one of the best forex brokerages out there in terms of its reputation and reliability. It is no wonder the company has won numerous awards such as the “Best Forex Broker” and “Best Customer Support”.

Avatrade Review: Types of Trading Accounts Offered

At Avatrade, there are two kinds of accounts; live and demo.

A live account, otherwise known as a standard account, can be opened with as little as $100 via credit card deposits. For wire transfers, a minimum of $500 is required.

Avatrade also caters to muslim traders. For Muslim traders who require an islamic trading account, Avatrade offers a swap free trading account that adheres to the Islamic Sharia principles.

On the professional front, professional traders who wish to manage client’s money can open up a MAM account easily and manage their client’s money through their master account.

As well, professional traders can open up MAM accounts to easily manage several accounts for their clients.

Types of Trading Platform Available

avatrade.com review

The next topic we wish to cover in this Avatrade review is the different kinds of trading platform that Avatrade offers. Here’s a short summary of the platforms offered by Avatrade:

  • Metatrader 4 / 5
  • Metatrader for Mac
  • Metatrader for Mobile (both android and iOs users)
  • Metatrader for Web Trading
  • AvaTradeAct platform (Avatrade’s own proprietary platform)

Apart from the above platforms, Avatrade also offers a couple of automated trading software to suit every trader’s needs. Here’s the list of trading software offered by Avatrade.

  • DupliTrade
  • Mirror Trader
  • MQL5 Signal Service
  • API Trading
  • RoboX

Avatrade Review: Types of Instruments Available

Avatrade offers a ton of financial instruments for traders to choose from. Here’s a break down of what traders can trade:

  • Spot Forex: More than 50 currency pairs available, ranging from forex majors, minors and even exotic pairs are available 24 hours a day, 5 days a week. Enjoy tight and competitive spread starting from as low as 0.8 pips. Leverage can be set as high as 1:400 so that traders can capitalize on the movements in the spot forex market.
  • Cryptocurrencies: With the recent hype in cryptocurrencies, Avatrade allows traders to speculate in 9 different cryptocurrencies. Traders can trade with a leverage up to 1:20 and take advantage of the recent hype.
  • Options: Avatrade also offers options. The options trading platform takes the complexity out of options and makes it easy for traders to take a position in the options market.
  • Indexes, Stocks, Bonds and Commodities: Traders will also have the opportunity to trade in the following instruments with tight competitive spreads.

Avatrade Review on Funding & Withdrawals

When it comes to funding your Avatrade account, traders may fund their account using credit cards (MasterCard, VISA, Debit Cards), Bank Wire Transfers and even online e-wallets such as Paypal, Neteller, WebMoney and Skrill.

The minimum deposit to trade with Avatrade is $100, which is perfect for new traders.

As for withdrawals, traders can withdraw their funds using the methods they used for the deposit. Simply submit a withdrawal request and the request can take up to 5 business days to be processed.

Is Avatrade Cost-Effective? Let’s Look at the Spreads in this Avatrade Review

As mentioned above, spreads at Avatrade are competitive and they are striving to further reduce the spreads. A complete list of the spreads can be found on their website. The above screenshot gives you a brief idea about the competitive spread for the major currency pairs.

Will Avatrade Accept Me?

So perhaps you decided that Avatrade is the broker you wish to start trading with. And even though Avatrade accepts most countries, there are some countries that they are unable to accept clients from.

List of countries not accepted by Avatrade: United States, Iran, Belgium, Zimbabwe, Iraq, Indian & Pakistan.

Summing Up This Avatrade Review

In this Avatrade review, we discuss that Avatrade is a good forex brokerage because they offer competitive spreads, have a small minimum deposit and are thoroughly regulated by 4 different regulators.

Do remember that you will be granted the following bonuses when you open an account with Avatrade here and fund in a minimum of $1,000:

  • Lifetime Access to Our Forex Signals ($997)
  • Lifetime Access to Our Complete Forex Course ($497)
  • 20% Bonus on Deposit (Up to $10,000)

Kindly email us at support@financialmarketwizards.com with a screenshot of your funded account to claim your bonuses. This bonus is only available on this Avatrade review site; you will not be entitled to these bonuses if you open an account from other sources.