Why is working with AvaTrade a fairy tale with a sad ending?

More than ten years on the market, several authoritative regulations, a variety of instruments and platforms, and favorable conditions. It seems that in reality there are no such brokers. But this company offers all this to its clients. Is the utopian world of AVATrade really so perfect? And do traders survive in it?

AvaTrade brand history and positioning

According to the company itself, AvaTrade was founded in 2006. Its main values are innovation and reputation. It also says that 200,000 thousand users are registered on the portal, and more than 2 million transactions are made every month.
There are doubts about the relevance of this information, because earlier in the mentioned section the company reported about 11 years of work on the market. And according to the legend, the company’s experience is 16 years. Probably, this chapter is simply not updated.
The firm’s website is available in more than 20 languages. On the plus side, the portal is informative, and legal information is also available in Russian. The broker’s offices are located in 11 countries. The headquarters is located in Dublin, Ireland.


The company spares no money on PR and actively cooperates with a variety of brands. It has 70 thousand (!) partners in 150 countries. Not so long ago, AvaTrade announced a collaboration with Aston Martin.

Trading conditions

With AvaTrade you can trade CFD contracts, cryptocurrencies, options, indices and other instruments. In total, more than 1250 types of assets are available, including about 55 currency pairs. The minimum deposit is $100. And those who deposit from $1000 are provided with a personal manager. New clients receive welcome bonuses from the broker.
A demo account service is provided for traders, as well as on-site training. The trading platforms offered are:

• MetaTrader 4;
• MetaTrader 5;
• WebTrader;
• AvaOptions.

As well as their customized versions for different devices.
Depending on the type of trading, leverage can be 1:400, 1:100 or 1:20. Spreads – from 0.9 pips, fixed. For deposit and withdrawal of funds are used:

• payment systems Neteller, PayPal, Webmoney, WireTransfer;
• wire transfers;
• bank cards (Visa, Mastercard).

If there is no activity on the account for 3 months, the broker may charge a commission. There are also restrictions for trading: the minimum transaction is $100, and the maximum is $20,000. Among the minuses of the broker: little information about commissions and transaction fees.
AvaTrade claims to use segregated accounts, 256-bit encryption on the site and True-Site, McAfee Secure (HackerSafe) technologies to protect customer funds. Support is available 24 by 5. There are phone numbers for many countries, feedback form and WhatsApp.

AvaTrade Legal Information

The domain name AvaTrade appeared in 2008, the registrar country is United States. We found this out with the help of the Whois service.

The broker has several licenses at once, both from reputable regulators and offshore ones. Let’s list the authorizations:

• ASIC (Australia);
• FSA (Japan);
• FFAJ (Japan);
• FSCA (SOUTH AFRICA);
• Central Bank of Ireland;
• FSC (BVI) (British Virgin Islands);
• FSRA (Abu Dhabi);
• CySEC (Cyprus).

Upon verification, it does appear that AvaTrade holds such licenses.

Project Reviews

Then we move on to the traders’ comments. And here the illusions about AvaTrade are dispelled. There are a lot of complaints about the customer support service and draining of deposits. Former clients say that their accounts were blocked for no reason, trading conditions were not favorable, and there were constant requotes during operation.

Results

Few brokers can boast so many genuine licenses and experience in the market. But, unfortunately, these factors do not save traders from the company’s fraudulent schemes. There are indeed many cases of deception. Therefore, no matter how much AvaTrade invests in advertising and integration, it still remains a “kitchen” that only wants to misappropriate other people’s money.