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AvaTrade Malaysia Review 2024

Last updated Oct 19, 2024
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

AvaTrade is one of the premier international brokers in the Forex market, connecting thousands of active traders worldwide, including Malaysia. The platform offers competitive trading conditions, a wide range of financial instruments, and advanced trading tools to enhance the trading experience. AvaTrade is renowned for its robust security measures and reliable customer support, ensuring that clients receive timely assistance and a safe trading environment.

Highlights of AvaTrade

AvaTrade Logo
★4.5/5
AvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.

Pros and Cons of AvaTrade

Pros

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

AvaTrade is in the top 10 of the following ratings:

Best Forex Brokers Malaysia

AvaTrade Malaysia Reviews

Логотип AvaTrade4.2 из 5На основе 5 отзывов
О чем пишут трейдеры в отзывах о AvaTrade?
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OKH
Malaysia
"Excellent Service and Support from Felix Tan"I would like to express my sincere thanks to the staff mentioned above for his outstanding service. Felix always promptly addressed any issues I had and responded swiftly to my requests. It's rare to find someone as responsible and attentive as him nowadays. His passion and dedication are admirable. Thank you, AvaTrade.
Support Service
Malaysia
" Premium Service and Support from AvaTrade"The trading expert I follow recommended AvaTrade since he himself uses this broker. My relationship manager from Malaysia, named Felix, was exceptionally helpful. He reached out to assist with the verification of my account and guided me step by step through the withdrawal process. This is truly top-tier service!
Support Service
CC
Malaysia
"Excellent Experience with AvaTrade"After using AvaTrade, my experience with the platform has been very positive. My relationship manager from Malaysia, Felix, was extremely friendly and helpful. Whenever I encountered any issues with my account, he resolved them as quickly as possible. I highly recommend Felix to everyone.
General ImpressionSupport Service
A
Malaysia
"Unfair Practices and Poor Support from AvaTrade"Before starting my university studies, I spent my summer interning as a Trainee Dealer at Fortitude Fund. This internship required me to open an AvaTrade account with an initial deposit of $300 from my savings. After engaging in some trading activities, I realized that trading could be too risky for a student, so I decided to pause trading for a while. Since the funds had to remain locked for three months, I requested AvaTrade to close my account and withdraw the available funds. Unfortunately, the process was extremely cumbersome, and I received little to no support from their team. Eventually, they imposed a $50 inactivity fee because my account was inactive for three months before refunding the remaining balance. I had actually asked for the refund and account closure before the three-month inactivity period, but their system caused delays. It's unjust that students are expected to thoroughly read the terms and conditions, only to face fines and lose their savings. Additionally, the training program advertised at $688 consisted of just a few Zoom sessions. I hope other students can learn from my experience.
Withdrawal of FundsSupport ServiceSpread and CommissionEducation
Y
Malaysia
"Excellent Interface and Outstanding Customer Support"The user interface is superb, and the customer support is outstanding with prompt responses.
Trading PlatformSupport Service

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FAQ

Is AvaTrade Available in Malaysia?

Yes, AvaTrade is available to traders in Malaysia. The broker accepts clients from Malaysia and provides support tailored to Malaysian traders, including local currency options and customer service.

Yes, AvaTrade is a legally regulated broker. It is regulated by several reputable financial authorities, including the Central Bank of Ireland (CBI), the Australian Securities and Investments Commission (ASIC), the British Virgin Islands Financial Services Commission (BVIFSC), and others. These regulatory bodies ensure that AvaTrade adheres to strict financial standards and practices.

Is AvaTrade Good for Beginners?

AvaTrade is well-suited for beginners. The platform offers a range of educational resources, including webinars, tutorials, and eBooks, to help new traders understand the Forex market. Additionally, AvaTrade provides a user-friendly interface and demo accounts, allowing beginners to practice trading without risking real money.

Can I Trust AvaTrade?

Yes, AvaTrade is a trustworthy broker. It has been operating since 2006 and is regulated by multiple reputable financial authorities. AvaTrade employs robust security measures to protect client funds and personal information. Moreover, the broker has a strong reputation for reliable customer support and transparent trading practices.

What is the Minimum Deposit for an AvaTrade Account?

The minimum deposit required to open an AvaTrade account is $100. This fixed minimum ensures that traders can start trading with a manageable investment.

How Fast is AvaTrade Withdrawal?

AvaTrade processes withdrawal requests promptly, typically within 24 to 48 hours, depending on the withdrawal method chosen. The actual time it takes for funds to reach your account may vary based on the payment provider and banking procedures. Common withdrawal methods include bank transfers, credit/debit cards, and e-wallets, each with its own processing times.

Is AvaTrade Halal?

AvaTrade offers Islamic accounts, also known as swap-free accounts, which comply with Sharia law. These accounts do not incur or charge interest on overnight positions, making them suitable for Muslim traders who wish to trade in accordance with Islamic principles. It is recommended to contact AvaTrade directly to ensure that the account type meets your specific requirements.

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.