AvaTrade Japan Review 2024

Last updated Mar 1, 2024
Логотип AvaTrade JP
4.2/5
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, AvaTrade 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 AvaTrade'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 AvaTrade stands up against other Forex brokers regarding the services provided.

AvaTrade Broker Overview

Foundation Year2005
Official Websitehttps://www.avatrade.co.jp
Regulated in CountriesIreland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, CanadaMore Details
Minimum Deposit
  • 10000 JPY
Spreadfrom 0.6 points
Max Leverage1:25
Trading Assets
  • Forex
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
  • AvaTradeGO
Email Support
  • support@avatrade.co.jp
Hotline Phones
Social Media

AvaTrade is a broker offering trading services in the Forex and CFD markets. The company's clients can trade independently on the AvaTrader 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 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 AvaTrade's trading model, the broker operates as a market maker.

AvaTrade 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 understand AvaTrade and its services better.

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
Current review
AvaTrade AE review
AvaTrade IL 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

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

Registration

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

At the first registration stage, it's enough to specify an email and create a password.

Registering an account with AvaTrade
Registering an account with AvaTrade

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 AvaTrade 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, AvaTrade 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 AvaTrade, 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 set at a relatively low level and amounts to the equivalent of 10,000 Japanese Yen (JPY).

Account Types

Rating:2.5/5

AvaTrade 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 AvaTrade trading account are as follows:

-
Account CurrencyJPY
Minimum Deposit10 000 ¥
Trading PlatformsMetaTrader 4MetaTrader 5WebTraderAvaTradeGO
Spreadfloatingfrom 0.6 pipsfor EURUSD~ 0.9 pips
Commission per Trade
Trading AssetsForex
Opened Positions
Leverage1:1-1:25
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, AvaTrade 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 ¥100,000.
  • 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. Platforms like MetaTrader 4 and MetaTrader 5 are available for the demo account.

Copy Trading

AvaTrade offers its clients a unique opportunity to copy trades through DupliTrade and Best AMMA systems (which we will discuss in the "Trading Platforms" section).

With AvaTrade's copy trading, you gain access to hundreds of different trading strategies and can use the experience of successful traders to improve your trading results.

Commissions

Rating:5/5

AvaTrade 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 AvaTrade 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

Deposit and Withdrawal

Rating:3.7/5

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

How to Deposit Funds

Payment SystemCurrenciesDeposit FeeOperation Limit
Bank TransferBank Transfer
JPY
from 10000 JPY
Credit and Debit CardsCredit and Debit Cards
JPY
from 10000 JPY
Онлайн банкингиОнлайн банкинги
JPY
from 10000 JPY

Deposits via online banking are processed within 24 hours. A bank transfer deposit can take up to 3 days. Commission of payment systems is paid at the expense of the trader.

How to Withdraw Funds

The following methods are available for withdrawing money:

Payment SystemCurrenciesWithdrawal FeeOperation Limit
Bank TransferBank Transfer
JPY
0%
from 10000 JPY
Credit and Debit CardsCredit and Debit Cards
JPY
0%
from 10000 JPY

AvaTrade processes withdrawal requests within 3 days. The broker also covers the commission fee.

Markets and Products

Rating:2/5

AvaTrade Japan offers only currency pairs for trading and does not offer stocks, ETFs, bonds, cryptocurrencies, etc.

In modern trading environments where investors and traders often seek to diversify their portfolios across various asset classes for better risk management and potential returns, AvaTrade Japan's exclusive focus on currency pairs can be seen as a significant limitation. This restricted offering impacts its attractiveness to a broader base of traders, especially those looking for a one-stop platform for multiple asset classes.

What markets are available?

The broker offers for trading:

  • 55 currency pairs

Margin Requirements

Retail traders can trade with leverage up to 1:25.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:25

Trading Platforms

Rating:5/5

AvaTrade offers various platforms for trading: MetaTrader 4 and 5, WebTrader, and AvaTradeGO, providing traders with the flexibility to choose the right tool to execute their trading strategies.

MetaTrader 4 and 5

MetaTrader 4 and MetaTrader 5 are robust and reliable platforms 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.

AvaTrade MetaTrader 5 Web
AvaTrade MetaTrader 5 Web

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

AvaTradeGO

AvaTradeGO is an innovative trading app from AvaTrade, 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 AvaTrade data anytime and anywhere.

AvaTradeGo
AvaTradeGo

Platforms for Copy Trading

For beginners and traders with limited free time, AvaTrade offers several services for auto trading:

  1. DupliTrade is a platform compatible with MT4, allowing the automatic copying of signals and strategies of experienced traders in real-time.

  2. Best AMMA is a groundbreaking platform for social trading, designed to revolutionize how traders interact and learn from each other.

DupliTrade

DupliTrade is an innovative platform for automatic copy trading, allowing clients to automatically follow experienced traders' strategies. It lets you closely monitor successful traders' strategies and copy their trades in real time. This is an excellent opportunity for beginners to learn from professionals and for seasoned traders to expand their trading strategies.

DupliTrade’s strategy providers
DupliTrade’s strategy providers

Best AMMA

Best AMMA stands out as a pioneering platform in social trading, offering Japanese users a unique and interactive way to engage with the trading community. It provides advanced tools and features that enable traders to adapt their strategies based on market trends and peer activities. The platform is particularly effective for those seeking to blend their trading insights with collective wisdom, offering a dynamic environment for new and experienced traders to refine their strategies. Best AMMA's focus on intuitive design and user-friendly interface makes it a valuable asset for traders aiming to leverage social insights for informed decision-making.

Best AMMA
Best AMMA

Analytics

Rating:4.5/5

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

The availability of a trader's calculator with the broker enables traders to calculate potential risks and profits before executing a trade. This can be a handy tool for trading and allows traders to make more informed decisions.

However, AvaTrade 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

AvaTrade 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 AvaTrade's trading platforms and via SMS notifications and emails.

AvaTrade Trading Central
AvaTrade Trading Central

Trader's Calculator

The trader's calculator from AvaTrade is a powerful tool that helps traders manage risks. It allows traders to calculate potential losses, profits, and costs before entering a trade. Using this tool, traders can understand the possible outcomes of their trading operations and make reasoned decisions.

AvaTrade Trader's Calculator
AvaTrade Trader's Calculator

Education

Rating:4/5

Ava Trade Japan offers a comprehensive range of educational resources, including video tutorials and articles that cover various aspects of trading in the financial markets. These materials are well-suited for traders at all levels, from beginners to advanced, ensuring a broad appeal.

Video Tutorials and Articles

AvaTrade 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 AvaTrade 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 AvaTrade website, providing convenience and flexibility for learning.

AvaTrade Japan Video tutorials
AvaTrade Japan Video tutorials

Course "The Art of Charting" by Mr. Kojiro

A unique addition to AvaTrade's educational offerings is the course "The Art of Charting," presented directly by Mr. Kojiro Tezuka (小次郎講師), a renowned figure in chart analysis and a certified technical analyst by the Japan Technical Analysts Association. This course features a series of lectures where Mr. Kojiro shares his extensive knowledge and expertise in chart analysis. The curriculum includes topics such as the basics of chart analysis, the secrets of moving averages, advanced techniques in moving average cycle analysis, and in-depth studies of indicators like MACD, RSI, Stochastics, Bollinger Bands, Ichimoku Cloud, Average True Range (ATR), and Pivot Points. Additionally, a special edition covers "10 Golden Rules of Investing." This comprehensive course is ideal for those looking to master charting techniques and enhance their trading strategies with expert insights.

AvaTrade's course by Mr. Kojiro Tezuka
AvaTrade's course by Mr. Kojiro Tezuka

Customer Support

Rating:3.5/5

The technical support team at AvaTrade offers a variety of communication channels, including phone, email, and live chat, ensuring convenience and accessibility for clients.

How to contact support?

There are several ways to contact technical support:

  1. By calling the hotline at 03-4577-8900.
  2. By writing an email to support@avatrade.co.jp.
  3. By using the live chat feature on the broker's website.

Support Schedule

AvaTrade's support operates on Weekdays from 10:00 to 18:00.

AvaTrade Pros and Cons

Advantages

  1. Strong regulation. AvaTrade is regulated in various countries by several leading financial regulators, enhancing its reliability and trustworthiness.
  2. Competitive commissions. The broker offers low commissions with competitive spreads and no charges for deposits or withdrawals, making it financially attractive for traders.
  3. Flexible trading platforms. The availability of multiple platforms like MetaTrader 4 and 5, WebTrader, and AvaTradeGO provides flexibility for traders to choose tools that best fit their strategies.
  4. Quality educational materials. The broker offers diverse and quality educational content that benefits traders at different levels.
  5. Practical market analysis tools. AvaTrade provides good tools for market analysis, assisting traders in making informed decisions.

Disadvantages

  1. Limited trading options. AvaTrade Japan offers only 55 currency pairs, which might be limiting for traders looking for more diversity.
  2. Limited customer support hours. Support is only available on weekdays from 10:00 to 18:00, which might not be convenient for all traders.
  3. Incomplete trading account features. Despite being decent, the trading account misses some critical options, which may not satisfy all traders' needs.

Conclusion

AvaTrade Japan emerges as a solid choice for traders prioritizing regulatory security, cost-effective forex trading, and access to diverse trading platforms. The broker's robust regulatory framework, competitive commissions, no charges for deposits/withdrawals, and a variety of educational materials make it appealing, especially for forex traders. However, its limited asset offerings and narrow learning formats might be less suitable for those seeking extensive diversification in markets and educational resources. AvaTrade's customer support is accessible, yet the limited hours could be a drawback for some traders.

This broker is well-suited for beginners and intermediate traders in the forex market who can benefit from educational content and straightforward trading platforms. Advanced traders may find the limited asset classes restrictive.

Nikolay Zavarov - Author
Nikolay 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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