AvaTrade Review - Is it Legit? (February 2024)

In the dynamic world of online trading, selecting a reputable and trustworthy broker is paramount. With over 7 million registered clients in 150 countries, AvaTrade has established itself as a prominent player in the industry. Founded in 2006, AvaTrade offers a comprehensive suite of trading instruments, competitive spreads, and user-friendly trading platforms, catering to traders of all experience levels. To help you make an informed decision, let's delve into a comprehensive review of AvaTrade, assessing its legitimacy and exploring key features.

Regulation and Security

AvaTrade prioritizes client safety and adheres to stringent regulatory guidelines, ensuring the security of client funds and upholding ethical business practices. The broker is regulated by six tier-1 financial authorities, including the Financial Services Authority (FSA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Central Bank of Ireland (CBI). These stringent regulations mandate that AvaTrade maintains transparency, operational efficiency, and robust client fund protection measures.

Client Fund Protection

AvaTrade is committed to safeguarding client funds and implements robust measures to protect client assets. The broker segregates client funds from its own operating capital, ensuring that client money is not used for any other purpose. Additionally, AvaTrade is a member of the Investor Compensation Fund (ICF) in Ireland, which provides up to €20,000 in compensation to eligible clients in the event of the broker's insolvency.

Trading Instruments

AvaTrade offers an extensive array of trading instruments, catering to the diverse trading preferences of its clients. Traders can access over 12,500 trading instruments, including forex pairs, stocks, indices, commodities, and cryptocurrencies, all from a single account. This vast selection allows traders to diversify their portfolios, hedge against potential risks, and capitalize on various market opportunities across different asset classes.

Trading Platforms

AvaTrade empowers traders with a choice of powerful trading platforms to suit their individual needs and trading styles. The broker's flagship platform, AvaTradeGO, is a user-friendly web-based platform designed for both beginners and experienced traders. It offers intuitive charting tools, advanced technical indicators, and comprehensive order management features. For more experienced traders, AvaTrade provides access to the industry-standard MetaTrader 4 and MetaTrader 5 platforms. These platforms are renowned for their robust charting capabilities, extensive trading tools, and the ability to implement automated trading strategies.

Fees and Spreads

AvaTrade's pricing structure is competitive, with spreads starting from as low as 0.9 pips for major forex pairs. The broker does not charge commissions on trades, making it an attractive option for cost-conscious traders. Additionally, AvaTrade offers demo accounts, enabling traders to practice trading strategies without risking real capital.

Educational Resources

AvaTrade recognizes the importance of trader education and provides a wealth of educational resources to support traders of all levels. The broker's AvaTrade Academy offers a comprehensive range of educational materials, including webinars, seminars, e-books, and video tutorials. These resources cover a wide spectrum of trading topics, from fundamental analysis to technical trading strategies, helping traders enhance their trading knowledge and skills.

Customer Support

AvaTrade is committed to providing exceptional customer support to its clients. The broker offers 24/7 multilingual support via phone, email, and live chat. The support team is knowledgeable, responsive, and dedicated to resolving trader queries promptly and efficiently, ensuring that traders receive the assistance they need whenever they need it.

User Feedback and Reputation

AvaTrade has consistently received positive feedback from traders worldwide. The broker has a Trust Score of 94 out of 99 on ForexBrokers.com and has been recognized for its educational resources, customer support, and overall trading experience. Traders can be confident that they are choosing a reputable and reliable broker when they opt for AvaTrade.


AvaTrade stands out as a compelling choice for traders seeking a secure and feature-rich trading experience. The broker's wide range of trading instruments, competitive pricing, user-friendly trading platforms, extensive educational resources, and dedicated customer support make it an ideal partner for traders of all levels. Whether you are a beginner venturing into the world of online trading or an experienced trader seeking to expand your portfolio, AvaTrade has the tools and support you need to achieve your trading goals.