In this guide

  • Our verdict
  • Details
    • Forex details
    • CFD details
  • Your reviews
  • Ask an expert
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AvaTrade review for Australians

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AvaTrade Forex Trading
CFD service. Your capital is at risk
Minimum Spreads for Major Currencies
AUD/USD is 2.2 pips or 1.5 pips for EUR/USD
Available markets
50+ currency pairs, options, commodities, cryptocurrency, index CFDs, stock CFDs, bond CFDs, metals
Platforms
MetaTrader4
AvaTradeAct web trading
AvaOptions
AvaTradeGO
Automated Trading
General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

Our verdict

We look at the CFD platforms fees and features and run through some of the pros and cons.

Avatrade is a global CFD trading platform that will appeal to a range of traders. It has a number of features that may appeal to new CFD traders, including copy trading, unique research tools and some solid educational resources. Added to this is low spreads, low minimum funding requirements and competitive trading fees.

On the downside it lacks the extensive range of financial products that some other providers have. And as a CFD provider, it's also not suitable for beginner investors. CFDs are complex financial products best suited to experienced investors.

Pros

  • 24-hour customer support available plus dedicated account managers
  • Educational resources available
  • Choice of platforms to suit newer CFD traders and advanced traders
  • Free demo account available

Cons

  • Can't access as many financial products as other trading platforms in the market
  • Spreads aren't as competitive as some other trading platforms in the market
  • You can't directly buy stocks - all stocks are traded with CFDs

In this guide

  • Our verdict
  • Details
    • Forex details
    • CFD details
  • Your reviews
  • Ask an expert

AvaTrade is an experienced, award-winning brokerage with a strong global presence that allows CFD traders to access to over 250 trading instruments via its online platforms.

AvaTrade has been looking after the online trading needs of millions of traders since 2006. With a goal of perfecting the online trading experience for retail traders, AvaTrade has total trading volumes of more than $60 billion per month. Read on to learn more about the features of AvaTrade.

Details

Forex details

Type of broker Online
Available markets 50+ currency pairs, options, commodities, cryptocurrency, index CFDs, stock CFDs, bond CFDs, metals
Minimum Spreads for Major Currencies AUD/USD is 2.2 pips or 1.5 pips for EUR/USD
Commission $0
Minimum opening balance $100
Minimum Trade Size 0.01 lots
Leverage 30:1
Platforms MetaTrader4
AvaTradeAct web trading
AvaOptions
AvaTradeGO
Automated Trading
Support Phone, email and live chat
More Info

CFD details

Type of broker Online
Available CFD markets Australian Stocks, Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices, Metals, Options, (CFDs only)
Commission - ASX 200 Shares No commission
Minimum Opening Deposit $100
Minimum trade size 0.01 Lot
Platforms AvaTradeGO
MetaTrader 4
MetaTrader 5
Support Phone, email and live chat
More Info

What can I trade with AvaTrade?

All assets featured on AvaTrade are traded using CFDs. So for instance, while you can trade stocks, forex and bonds, you're not buying or selling the underlying the asset.

  • Stocks. You have access to over 100 different stocks with AvaTrade, including leading global brands like Apple and Google.
  • Forex and FX options. Access 60 currency pairs including major and minor currency pairs.
  • Indices. Access leading global indices including the SPI 200, S&P 500, NASDAQ 100 and more.
  • Commodities. Trade energy and agricultural commodities plus popular metals.
  • Bonds. Access a small range of bonds from the US, Europe and Japan.
  • ETFs. Access a small range of ETFs.

Trade cryptocurrency CFDs with AvaTrade

You can also trade crypto CFDs on Avatrade:

  • Up to 2:1 leverage
  • All pairs can be shorted
  • You can start trading from US$100

AvaTrade offers all of the following pairs against USD:

Trading features

Speedy execution

AvaTrade offers instant trade execution so you can take advantage of profitable opportunities as they arise.

MetaTrader-supported

AvaTrade offers access to a range of trading platforms that includes AvaTrader and MetaTrader 4, the world's most popular trading platform. AvaTrade also gives you access to both mobile trading and web trading as well as access to software for Mac users.

Different membership levels

AvaTrade offers 4 account types to suit the needs of different traders: Silver, Gold, Platinum and Ava Select. These accounts differ in terms of the minimum deposit required and in terms of access to market analysis and a direct dealing room.

Mobile trading available

AvaTrade allows you to trade from your PC or Mac as well as from your chosen web browser. Mobile trading is also available via iPhone and Android devices using AvaTrader Mobile.

Spread fee

AvaTrade offers fixed and floating spreads across all forex currency pairs. The minimum floating spread for AUD/USD is 2.2 pips or 1.5 pips for EUR/USD.

Leverage

Leverage of up to 30:1 for major forex currency pairs and 20:1 for non-major currency pairs.

Minimum deposit

The minimum AUD deposit to open an account is $250 if depositing via credit or debit card, and $500 if depositing via wire transfer.

Regulated

Based in Ireland, the Central Bank of Ireland regulates AvaTrade. In Australia, the Australian Securities & Investments Commission handles its regulation.

Payment methods available

You can deposit funds into your account via debit or credit card (Visa or Mastercard) or by wire transfer.

What support and information is available?

AvaTrade offers 24-hour customer support from dedicated account managers, ensuring that you can always access help if you need it. Plus, it offers a range of free educational tools and videos and training resources.

If you're new to trading or simply want to test out the platform, AvaTrade also offers a free demo account to use to give you a better feel for the platform and its features. You'll get $100,000 in virtual funds to practise trading.

What trading platforms are available?

MetaTrader4

This is the most popular trading platform around the world, offering a large selection of trading tools and resources and details analytics. Receive trading signals from leading providers, access floating spreads and interactive charts. This platform is available on PC, iOS and Android devices.

AvaTradeAct web trading

This platform offers user-friendly features that new traders can feel comfortable with, including a customisable layout and timezone. Access simple charts and a range of order types including stops, trailing stops and limit orders.

AvaOptions

Advanced traders can access options with expirations from 1 day to 1 year, over 40 forex pairs plus gold and silver and advanced risk management tools. Traders can also access stop and limit orders.

Web trading and AvaTradeGO

AvaTrade clients get access to the web-based and mobile versions of their chosen platform for free when signing up.

Choose between MetaTrader4, AvaTradeAct or AvaOptions web trading platforms. Or, if you want to trade on-the-go you can use AvaTradeGO. There's also AvaTrade's Mac Trading platform for Mac users.

Automated trading

These platforms allows traders to simply mirror the trades of others. DupliTrade enables you to mirror trading strategies of other successful traders and is suited to MetaTrader4 floating spread accounts. ZuluTrade is appropriate for users with an AvaTrade account, and MQL5 Signals Service is also right for Ava MetaTrader4.

Spread and margin

  • Spread. The spread is the difference between the buy-and-sell price on a trade, and it varies between products. As an example the fixed spread applied on the forex AUD/USD currency pair is 2.5%.
  • Margin. The margin is the amount needed for you to open a trade. AvaTrade margins start from just 0.5% of the trade value.

How do I apply for an AvaTrade account?

You will need the following information:

  • Your name
  • Your email address and phone number
  • Your country of residence and residential address
  • Your choice of trading platform
  • Your chosen base currency

You will also need to send proof of ID to AvaTrade before your account can be opened. Proof of ID documents can be emailed to AvaTrade, or you can upload them through your AvaTrade account.

This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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Kylie Finder

Investments analyst

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