AvaTrade UK Review 2024

Highlights of AvaTrade UK

Spread fromEURUSD0.6pips

Trading Assets

Forex Stocks Indices ETF Cryptocurrency Bonds Precious Metals Energy Carriers Soft Commodities

Trading Platforms

MetaTrader 4 MetaTrader 5 WebTrader AvaTradeGO

4.5/5

More DetailsRegister76% of retail investors lose money when trading CFDs with this broker

About AvaTrade UK

Founded in 2005

Countries of registration:

Regulators:

Central Bank of IrelandKNFBVIFSCASICFSCAJFSAJFFAFSRAISACIRO

4.5/5

More Details

Register76% of retail investors lose money when trading CFDs with this broker

Countries of registration:

Regulators:

Central Bank of IrelandKNFBVIFSCASICFSCAJFSAJFFAFSRAISACIRO

Trading Assets

ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities

Trading Platforms

MetaTrader 4MetaTrader 5WebTraderAvaTradeGO

Deposit/withdrawal:

compare AvaTrade UK trading accounts

AvaTrade is a global Forex and CFD broker regulated by prestigious authorities such as ASIC (Australia), FCA (United Kingdom), FSA (Japan), and CIRO (Canada).

AvaTrade is perfect for traders looking for a diverse array of trading instruments and a high level of investment protection. Beginners will find comfort in the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of customization and analytical tools available in MetaTrader.

However, traders who require access to STP or ECN accounts should consider other brokerage firms.

Pros and Cons of AvaTrade UK

AvaTrade UK Broker Overview

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 UK 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 AvaTrade and its services.

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

Legal Entity	Regulator	Review
Ava Trade EU Ltd Ava Trade EU Ltd	Central Bank of Ireland Central Bank of Ireland KNF KNF	AvaTrade EU review
Ava Trade EU Ltd Ava Trade EU Ltd	FCA FCA	Current review
Ava Trade Markets Ltd Ava Trade Markets Ltd	BVIFSC BVIFSC	AvaTrade review
Ava Capital Markets Australia Pty Ltd Ava Capital Markets Australia Pty Ltd	ASIC ASIC	AvaTrade Australia review
Ava Capital Markets Pty Ava Capital Markets Pty	FSCA FSCA	AvaTrade SA review
Ava Trade Japan K.K. Ava Trade Japan K.K.	JFSA JFSA JFFA JFFA	AvaTrade JP review
AVA Trade Middle East Ltd AVA Trade Middle East Ltd	FSRA FSRA	AvaTrade AE review
ATrade Ltd ATrade Ltd	ISA ISA	AvaTrade IL review
Friedberg Mercantile Group Ltd. Friedberg Mercantile Group Ltd.	CIRO CIRO	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.

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

Registration

To open an AvaTrade real account, 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.

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 colour 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

AvaTrade minimum deposit is set at a relatively low level and amounts to the equivalent of 100 units in the currency of your choice.

Minimum deposits for various currencies:

• 100 pounds (GBP)
• 100 US dollars (USD)
• 100 euros (EUR)

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:

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.

AvaTrade 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. Platforms like MetaTrader 4, MetaTrader 5, and AvaOptions are available for the demo account.
• Choose the base currency for the demo account: USD, EUR, GBP, or CHF.

Swap-Free Account

AvaTrade allows its clients to open an Islamic account that fully complies with Sharia principles. Such an account is ideal for those who follow Islamic religious principles and want to participate in international trade.

The process of opening an Islamic account is quite simple and consists of three steps:

• Account verification. You need to provide all the requested documentation to verify your account.
• Funding the account. Before applying for an Islamic account, you must fund it.
• Application submission. Once the account is verified and funded, you can contact AvaTrade's support service with a request to open an Islamic account. Requests are usually processed within 1-2 business days.

It is worth noting that no swaps are charged on Islamic accounts, but there is one limitation - transactions that remain open for more than 5 days will still be subject to swap charges.

Spread Betting Account

In addition to the existing account types, AvaTrade also offers a Spread Betting account, catering to traders interested in spread betting, a form of derivatives trading. This account type is prevalent in the UK and Ireland as it is tax-free under current legislation. Spread betting involves speculating on the price movement of various financial markets, including forex, stocks, indices, and commodities.

Features of the Spread Betting Account

• Tax-Free Trading: Profits from spread betting are not subject to capital gains tax in the UK and Ireland.
• Access to a Wide Range of Markets: Traders can bet on the price movements of various financial instruments.
• Leverage: Similar to other forms of trading, spread-betting accounts allow for leveraged trading, enabling traders to open prominent positions with relatively little capital.
• User-Friendly Platforms: AvaTrade offers dedicated platforms for spread betting, which are intuitive and suitable for both beginners and experienced traders.
• Risk Management Tools: The account includes access to tools like stop losses and limit orders to help traders manage their risks effectively.
• No Commission Fees: Spread betting accounts typically do not incur commission fees, as costs are included in the spread.

To open a Spread Betting account with AvaTrade, traders must follow a registration process similar to other account types, ensuring compliance with regulatory requirements. This account type is a valuable addition for traders looking to diversify their trading strategies and take advantage of the tax benefits associated with spread betting.

Copy Trading

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

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

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.

Inactivity Fee

If you do not use your account at AvaTrade 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.

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

How to Deposit Funds

Payment System	Currencies	Deposit Fee	Operation Limit
Neteller	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP
Skrill	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP
Google Pay	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP
Bank Transfer	USDEURGBP	0%	from 500 USDfrom 500 EURfrom 500 GBP
Visa	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP
Mastercard	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP
Maestro	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP
JCB	USDEURGBP	0%	from 100 to 20000 USDfrom 100 to 20000 EURfrom 100 to 20000 GBP

Deposits via e-wallets are processed within 24 hours. A bank transfer deposit can take up to 10 days.

How to Withdraw Funds

The following methods are available for withdrawing money:

Payment System	Currencies	Withdrawal Fee	Operation Limit
Neteller	USDEURGBP	0%	—
Skrill	USDEURGBP	0% limitscommission limits	—
Bank Transfer	USDEURGBP	0%	—
Visa	USDEURGBP	0% limitscommission limits	—
Mastercard	USDEURGBP	0% limitscommission limits	—
Maestro	USDEURGBP	0%	—
JCB	USDEURGBP	0%	—

By anti-money laundering regulations, funds can only be sent back via the methods used to fund the account.

AvaTrade processes withdrawal requests within 1 day. After confirmation and processing of the request, additional time may be required for the payment system to process the withdrawal:

• 1 day for e-wallets;
• up to 5 days for card withdrawals;
• up to 10 days for bank transfer withdrawals.

AvaTrade covers the commission fee of up to £100 for bank transfer withdrawals.

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

What markets are available?

The broker offers a large selection of financial instruments:

Margin Requirements

Retail traders can trade with leverage up to 1:30, while pro traders can trade with leverage up to 1:400.

Depending on the type of traded asset, different leverage sizes are available:

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.

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.

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.

AvaOptions

For trading exchange-traded options, AvaTrade offers the specialized platform AvaOptions, where classic call and put options are traded.

Benefits of AvaOptions

• Options on more than 40 currency pairs, as well as spot gold and silver;
• A single account is sufficient for spots and options;
• 24/5 trading;
• Trading statistics in the form of charts;
• A 21-day practice account.

AvaOptions can be downloaded for free from the broker's website.

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. AvaSocial is an innovative platform for social trading designed to take the concept to the next level.

DupliTrade

DupliTrade is an innovative platform for automatic copy trading, allowing clients to follow experienced traders' strategies automatically. 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.

AvaSocial

AvaSocial is a leading platform in social trading, enabling traders to mimic the transactions of their peers. It introduces distinctive tools and features that allow users to tailor their trading strategy to align with their personal goals and risk tolerance. AvaSocial is particularly adept at independently selecting strategies and considering expert advice, offering a comprehensive solution for novice and experienced traders who wish to engage in social trading, emphasising community learning and strategy sharing.

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.

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.

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 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 AvaTrade 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

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.

The technical support team at AvaTrade offers a variety of communication channels, including phone, email, live chat, and WhatsApp, ensuring convenience and accessibility for clients. The 24/7 operation of the support service 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 tel:tel:+(44)2033074336.
2. By writing an email to customer@avatrade.co.uk.
3. By using the live chat feature on the broker's website.
4. By sending a message on WhatsApp to +447520644093.

Support Schedule

AvaTrade's support operates 24/7.

Conclusion

AvaTrade UK 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.

FAQ

Is AvaTrade UK legit?

AvaTrade UK is a legitimate broker, regulated by FCA in the UK.

Which country is AvaTrade from?

AvaTrade is headquartered in Dublin, Ireland, and operates as a global Forex and CFD broker.

Is AvaTrade UK an ECN broker?

AvaTrade UK is not an ECN broker. It primarily operates as a market maker, offering a range of trading instruments across various asset classes.

How does AvaTrade UK make money?

AvaTrade UK earns its revenue primarily through spreads and occasional commissions on certain trading accounts and financial instruments. It also profits from overnight financing charges.

Is AvaTrade UK good for beginners?

Yes, AvaTrade UK is well-suited for beginners due to its user-friendly AvAvaTrade UKGO mobile app, comprehensive educational resources, and support services designed to help new traders navigate the complexities of trading.

Does AvaTrade UK offer a demo account?

Yes, AvaTrade UK offers a demo account that allows traders to practice trading with virtual funds in a risk-free environment, which is ideal for both beginners and experienced traders to test their strategies.

How can I open an account with AvaTrade UK?

To open an account with AvaTrade UK, visit their official website, click on 'Register' or 'Open Trading Account,' and follow the instructions to complete the registration form. Verification of identity and address is required to activate the account.

How can I delete my AvaTrade UK account?

To delete your AvaTrade UK account, you need to contact customer support either through email, phone, or live chat, requesting the closure of your account. Ensure all open positions are closed and funds are withdrawn before making the request.

What is the minimum deposit for AvaTrade UK?

The minimum deposit required to open an account with AvaTrade UK typically starts at £100.

What is the maximum leverage on AvaTrade UK?

The maximum leverage offered by AvaTrade UK is up to 1:30 for retail traders and up to 1:400 for pro traders.

How do I deposit funds in an AvaTrade UK account?

Funds can be deposited into an AvaTrade UK account via various methods including credit/debit cards, wire transfers, and e-wallets such as Neteller and Skrill. Log into your account management portal to initiate a deposit.

How do I withdraw money from AvaTrade UK?

To withdraw funds from AvaTrade UK, log into your account management area, select 'Withdraw Funds,' and follow the instructions to submit a withdrawal request. Note that withdrawal methods should match the deposit methods, and verification processes may apply.

Does AvaTrade UK provide VPS?

Yes, AvaTrade UK provides Virtual Private Server (VPS) services to eligible clients, which can be particularly useful for traders using automated trading systems.

Is AvaTrade UK suitable for scalping?

AvaTrade UK permits scalping. However, traders should review the broker’s trading conditions and policies to ensure they are favorable for scalping strategies.

Is AvaTrade UK suitable for auto-trading?

Yes, AvaTrade UK supports auto-trading and offers platforms like MetAvaTrade UKr 4 and MetAvaTrade UKr 5, which are compatible with automated trading systems.

Is AvaTrade UK suitable for hedging?

Yes, AvaTrade UK allows hedging. Traders can open positions in opposite directions on the same trading instrument, which can be an effective risk management strategy.

Is AvaTrade suitable for spread betting?

AvaTrade offers spread betting exclusively to clients in the UK and Ireland. This tax-free trading option allows traders to speculate on price movements without owning the underlying asset.