ATrade Review 2024

Last updated Apr 17, 2024
Логотип AvaTrade IL
4.2/5
Trading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

Are you trading in the Forex market and looking for an experienced and reliable broker to work with? If so, ATrade might be the perfect choice for you! Read on for our comprehensive review of this leading global broker, where we've highlighted all its key features.

Considering ATrade's extensive educational resources, competitive spreads, a broad selection of financial instruments, and cutting-edge trading platforms tailored to traders' needs, it's no wonder this broker receives top marks in expert reviews.

So, let's find out how well ATrade stands up against other Forex brokers regarding the services provided.

ATrade Broker Overview

Foundation Year2005
Official Websitehttps://www.atrade.co.il
Regulated in CountriesIreland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, CanadaMore Details
Minimum Deposit
  • 100 USD
Spreadfrom 0.6 points
Max Leverage1:100
Trading Assets
  • Forex
  • Stocks
  • Indices
  • Bonds
  • Precious Metals
  • Energy Carriers
  • Agricultural Commodities
Trading Platforms
  • MetaTrader 4
  • WebTrader
  • AvaTradeGO
Email Support
  • support@atrade.co.il
Hotline Phones
Social Media

ATrade is a broker offering trading services in the Forex and CFD markets. The company's clients can trade independently on the ATrader and MetaTrader platforms or entrust their funds to more successful peers through the DupliTrade terminal.

Since 2006, AvaTrade has attracted more than 400,000 private traders from 150 countries. Today, the broker's regional centers are in Israel, Australia, Japan, Italy, and Poland, with the main office in Dublin, Ireland. AvaTrade's annual turnover amounts to approximately 60 billion US dollars.

As for ATrade's trading model, the broker operates as a market maker.

ATrade Review Summary

If you're interested in the details of our approach to broker evaluation, you can familiarize yourself with our methodology. We invite you to continue reading the review to better understand ATrade and its services.

Reliability and Regulation

Rating:5/5

AvaTrade is regulated in various countries by several leading financial regulators, ensuring high reliability. Here are some of them:

Legal EntityRegulatorReview
AvaTrade EU review
AvaTrade UK review
AvaTrade review
AvaTrade AU review
AvaTrade SA review
AvaTrade JP review
AvaTrade AE review
Current review
AvaTrade CA review

The broker adheres to strict norms and standards, including handling client funds, ensuring security, and financial reporting. AvaTrade clients can be confident that their data and funds are secure.

Account Opening

Rating:5/5

ATrade offers clients a simple, convenient, and swift account-opening process from various countries.

Registration

To open an account or register a personal cabinet on ATrade, click the "Open trading account" button in the homepage's upper right corner.

At the first registration stage, it's enough to specify a first and last name, an email, and a phone number.

Registering an account with ATrade
Registering an account with ATrade

To complete your registration, you will be required to enter your personal information in the designated fields provided in the Client Area:

  • Full name
  • Date of birth
  • Residential address
  • Main occupation
  • Total annual income
  • Source of funds
  • Phone number

Verification

Opening an account with ATrade involves a mandatory verification step. This is a crucial process established to ensure the security of your data and funds.

  1. Identity confirmation. You must provide a color copy of a document confirming your identity. This can be a passport or state-issued driver's license. The document must include your name, photograph, date of birth, and expiration date. Ensure that the document matches the information provided when registering your account.

  2. Address confirmation. You must provide a document confirming your current residential address. The document should be no older than six months. They can include a bank statement, credit card statement, utility bill (electricity, water, gas), mobile or landline phone bill, or even a letter from the local municipality. The address must match the one provided at registration.

In some cases, ATrade may request a copy of your credit card. Don't worry; you can hide the eight middle digits on the front and the CVV code on the back of the card.

Verification is an essential part of opening an account with ATrade, and this process allows the company to maintain a safe and transparent environment for its clients.

Minimum Deposit

The minimum deposit to open an account is relatively low and amounts to 100 US dollars.

Account Types

Rating:2/5

ATrade offers a trading account with attractive trading conditions and a range of additional services, but certain limitations may not meet the needs of specific traders. For example, there is no market execution of orders, cent accounts, or fixed spread accounts. These aspects can be critical to traders, particularly those who prefer market execution to obtain the best prices or cent accounts to minimize risks.

Trading Account

Since the broker has a very extensive arsenal of financial instruments, for the convenience of traders, there is only one type of real account. The main conditions of the ATrade trading account are as follows:

-
Account CurrencyUSD
Minimum Deposit100 $
Trading PlatformsMetaTrader 4WebTraderAvaTradeGO
Spreadfloatingfrom 0.6 pipsfor EURUSD~ 0.9 pips
Commission per Trade
Trading AssetsForexStocksIndicesBondsPrecious MetalsEnergy CarriersAgricultural Commodities
Opened Positions
Leverage1:1-1:100
Margin Call / Stop Out100% / 50%
Order ExecutionMM
Demo Account
Islamic Account
Register

Demo Account

Considering that practice is one of the critical aspects of becoming a successful trader, ATrade offers its clients the opportunity to open a free demo account. This type of account allows beginners to learn the intricacies of trading without real risk and experienced traders to test new strategies and approaches to trading.

The demo account has the following features:

  • It's provided free of charge for trading with virtual funds amounting to $10,000.
  • The account is active for 21 days, allowing for comprehensive testing of trading strategies and exploration of the platform's functionality.
  • After opening a demo account, you can download and explore the trading platform of your choice. MetaTrader 4 is available for the demo account.

Commissions

Rating:4.5/5

ATrade does not charge a commission for depositing or withdrawing funds, but it does have inactivity fees, which could become an unplanned expense for some clients. Nonetheless, considering the level of spreads and the absence of other types of commissions, it can be said that the overall level of the broker's commissions is below the market average.

Trading Fees

The broker does not charge a trading commission apart from spreads and swaps. This means that the traders' main costs when trading are the spreads and, in some cases, swaps.

It is worth noting that ATrade offers relatively narrow spreads. Below are the average spreads and swaps for major currency pairs.

AssetAverage spreadSwap longSwap short
EURUSD0.9 pips-0.01 %0.00 %
GBPUSD1.5 pips-0.00 %-0.00 %
USDJPY1.0 pips0.00 %-0.02 %
AUDUSD1.1 pips-0.01 %-0.00 %
USDCAD2.0 pips-0.00 %-0.01 %
USDCHF1.6 pips0.00 %-0.01 %
NZDUSD1.8 pips-0.00 %-0.00 pips

Inactivity Fee

If you do not use your account at ATrade for a certain period, the broker may charge an inactivity fee. After 3 months of non-use ("Inactivity Period"), a fee of $50 is deducted from the client's trading account. If the account remains inactive for 12 consecutive months ("Annual Inactivity Period"), the broker charges a maintenance fee of $100.

Deposit and Withdrawal

Rating:3.7/5

ATrade provides accessible methods for depositing and withdrawing funds, although processing times can be lengthy.

How to Deposit Funds

Payment SystemCurrenciesDeposit FeeOperation Limit
Bank TransferBank Transfer
USD
0%
from 500 USD
Credit and Debit CardsCredit and Debit Cards
USD
0%
from 100 to 20000 USD

Deposits are processed within 24 hours.

How to Withdraw Funds

The following methods are available for withdrawing money:

Payment SystemCurrenciesWithdrawal FeeOperation Limit
Bank TransferBank Transfer
USD
0%
Credit and Debit CardsCredit and Debit Cards
USD
0%

ATrade processes withdrawal requests within 1 day and doesn't cover the commission fee.

Markets and Products

Rating:4.6/5

ATrade offers various financial instruments, including currency pairs, CFDs, stocks, bonds, and commodities. This makes ATrade attractive to traders of different levels and interests.

What markets are available?

The broker offers a large selection of financial instruments:

BrokerAlpariAvaTrade ILRoboforex
Forex465533
Precious Metals275
Energy Carriers352
Indices124612
Stocks6316148400
Cryptocurrency9
Agricultural Commodities74
Bonds2
ETF19

Margin Requirements

Retail traders can trade with leverage up to 1:100. Depending on the type of traded asset, different leverage sizes are available:

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:100
Precious Metals
1:100
Energy Carriers
1:20
Agricultural Commodities
1:20
Indices
1:40
Stocks
1:10
Bonds
1:40

Trading Platforms

Rating:4/5

ATrade offers various platforms for trading: MetaTrader 4, WebTrader, and ATradeGO, providing traders with the flexibility to choose the right tool to execute their trading strategies.

MetaTrader 4

MetaTrader 4 is a robust and reliable platform for trading in the forex and other financial markets. They offer access to all necessary tools for technical analysis, feature functionality for automated trading, and allow the creation of custom trading robots. Users can customize the workspace according to their preferences.

MetaTrader 4
MetaTrader 4

WebTrader

WebTrader is a convenient and intuitive platform that does not require downloading or installation. It provides all the necessary tools for effective trading, including pending and market orders, take-profit and stop-loss, partial closing of positions, and a detailed transaction history. With the ability to trade directly from a browser, WebTrader is ideal for those who value convenience and speed.

AvaTrade WebTrader
AvaTrade WebTrader

ATradeGO

ATradeGO is an innovative trading app from ATrade that is available for mobile devices. It offers access to global market trading with actual quotes and charts and a unique feature called AvaProtect, which minimizes trading risks. The app allows managing multiple MT4 accounts, switching between demo and real accounts, and instant access to all ATrade data anytime and anywhere.

AvaTradeGo
AvaTradeGo

Analytics

Rating:4/5

The economic calendar and ATrade's collaboration with Trading Central informed traders about the financial markets' most important news and events. This will enable them to make informed decisions based on up-to-date information.

However, ATrade lacks in-depth analytical materials, such as detailed reports and research, which could help traders better understand the market and develop effective trading strategies.

Economic Calendar

The economic calendar is a critical tool that helps traders keep track of important economic events and indicators that can impact financial markets. It allows traders to prepare for events that could cause significant market fluctuations.

AvaTrade Economic Calendar
AvaTrade Economic Calendar

Trading Central

ATrade partners with Trading Central, a leading provider of research and analytical materials for traders. Trading Central offers crucial market news, tips, and other timely information that traders can use to make educated trading decisions. This information is available directly through the interface of ATrade's trading platforms and via SMS notifications and emails.

AvaTrade Trading Central
AvaTrade Trading Central

Education

Rating:3.5/5

ATrade provides quality educational materials that allow traders to learn the trading basics and improve their skills. Video tutorials and articles cover various aspects of trading on the financial markets and provide valuable information for traders of all levels. Thanks to the availability of educational resources on the ATrade platform, traders can learn at their own pace and convenience.

However, the broker could offer various learning formats like webinars, courses, and podcasts.

Video Tutorials and Articles

ATrade offers a rich library of educational videos and articles that cover different aspects of trading on the financial markets. These resources are accessible to traders of all levels, from beginners just starting with Forex to advanced traders looking to deepen their knowledge and trading skills. The educational courses offered by ATrade thoroughly explore essential topics such as the fundamental principles of trading, the use of trading tools, developing trading strategies, and risk management. Video tutorials are available on the official ATrade website, providing convenience and flexibility for learning.

ATrade Education Center
ATrade Education Center

Customer Support

Rating:4.5/5

The technical support team at ATrade offers a variety of communication channels, including phone, email, live chat, and WhatsApp, ensuring convenience and accessibility for clients. The support service operation guarantees a quick response to traders' inquiries and issues.

How to contact support?

There are several ways to contact technical support:

  1. By calling the hotline at +1-700-707-027.
  2. By writing an email to support@atrade.co.il.
  3. By using the live chat feature on the broker's website.
  4. By sending a message on WhatsApp to 052-6768435.

Support Schedule

ATrade's support operates Sunday-Thursday 8:30-19:00 and Friday 8:30-14:00.

ATrade Pros and Cons

Advantages

  1. A wide selection of financial instruments. ATrade offers more than 50 currency pairs and CFDs on stocks, indices, commodities, and other assets.
  2. Innovative trading platforms. ATradeGO, MetaTrader 4, and WebTrader provide convenience and functionality for trading.
  3. Educational resources. Access to an education center with video tutorials, articles, and other materials helps traders improve their skills and knowledge.

Disadvantages

  1. Limited account options. The absence of market execution of orders, cent accounts, and fixed spread accounts may limit options for traders.
  2. Fees. Costs for account inactivity and maintenance may impact trading profitability.

Conclusion

ATrade is well-suited for traders seeking a variety of trading instruments and user-friendly trading platforms. It can appeal to both beginners looking to start trading and experienced traders who want to expand their knowledge and skills.

Visit AvaTrade ILTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - AuthorNikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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