4.5/5

Your capital is at risk

    Available Countries
  • Worldwide, UK, Australia, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer (Show More)
  • Cryptocurrency CFDs
    Exchange Type
  • CFD Trading Platform (CFD)
  • CFD Instruments
  • Crypto, Indices, Forex, Commodities, Shares, Options, ETFs
Margin Trading
  • Yes
  • Built In Wallet
  • No
  • Compensation Scheme
  • No
  • Regulated
  • Yes
  • Minimum Deposit
  • Varies, €100/$100/£100 for credit cards & €/$/£500 for wire transfers
  • Deposit Fees
  • Free (Show More)
  • Withdrawal Fees
  • Free (Show More)
  • Trading Fees
  • Varies, A spread fee of 0.6% applies on BTCEUR market (Show More)
  • Limits
  • Varies, Up to 25:1 BTCUSD leverage with no Max. or Min. trading limits (Show More)
  • Verification
  • KYC Verification (Show More)
  • Jump to page contents

    AvaTrade Platform Review

    AvaTrade is one of the leading CFD platforms that offers users to trade with a variety of financial assets like stocks, cryptocurrencies, commodities, forex, ETFs, and indices. The trading platform is regulated in Europe, Australia, Japan, the British Virgin Islands and South Africa. Since its launch in 2006, AvaTrade has established itself as one of the major players in the online financial field by building trust among a large number of investors worldwide.

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    AvaTrade CFD Broker Review
    Screenshots are shown for illustration purposes only. Actual product may vary.

    AVA Trade Ltd is regulated by the B.V.I Financial Services Commission. AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA and the FFAJ (No.1662).

    The web trading platform of AvaTrade is both intuitive and accessible, to provide a seamless user experience. It provides a detailed graph/chart for users to analyze the price movements of various assets. It supports 20+ languages including Spanish, French, Italian, German and Portuguese. Moreover, AvaTrade offers advanced trading platforms like MetaTrader 4, MetaTrader 5 and automated trading platforms such as DupliTrade and ZuluTrade.

    Like most of the trading platforms, AvaTrade allows users to trade on the go using its mobile/smartwatch app on both iOS and Android devices. Moreover, AvaTrade offers a free demo account (which is valid for 3 weeks) that helps users test their trading skills sans the risk of losing money.

    The following review analyses several aspects of AvaTrade, whilst providing you with an all-rounded detailed overview of the trading platform and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend that you visit their site for any important updates which might occur after this review is published.

    Is AvaTrade Safe?

    AvaTrade stores all users’ confidential information on secure servers. All transactions made on the platform are encrypted using SSL technology. It stores the customers’ funds in segregated client bank accounts to provide maximum protection.

    AvaTrade CFD Trading Platform

    AvaTrade allows users to trade CFDs of the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple. Apart from cryptos, AvaTrade also offers CFD trading in stocks, forex, commodities, indices, bonds, and ETFs. To get the full list of financial assets available on AvaTrade, check out their website. In addition to their demo account, AvaTrade provides an educational blog to aid its users in understanding the fundamentals of trading. No matter how experienced you are, AvaTrade can help you learn more about Order Types, Economic Indicators & Trading For Beginners.

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    AvaTrade won several awards including:

    • Best Forex Broker in2019
    • Most Innovative CFD Broker in 2019
    • Best Educational Broker in 2018
    • Best Dealing Room in 2017

    User Friendliness

    The web trading platform of AvaTrade is simple and easy to navigate. With its elaborate graphs/charts, users can easily understand the price changes of assets. However, it doesn’t provide any option for users to create price alerts or notifications. Of course, users can add the assets they would like to watch to ‘Favorites’.

    AvaTrade also offers a mobile app (Android / iOS) to help users when trading on the go. In general, their platform is easy to navigate and provides clear instructions.

    AvaTrade CFD Trading Account

    The sign-up process on AvaTrade is extensive since you need to fill in an application form which has various fields including your name, address, phone number, income, and assets.

    In addition to a standard account, AvaTrade offers Professional Trading as well. However, users need to satisfy the eligibility criteria for creating a professional account.

    How to Sign up with AvaTrade

    Follow the below steps to create your account on AvaTrade:

    AvaTrade Exchange Sign up

    1. Navigate to their site and click ‘Register Now’.
    2. Enter your first name, last name, email, phone number and click ‘Create Account’. Alternatively, you can create an account on AvaTrade using your existing Facebook/Google account.
    3. Follow the on-screen instructions to fill in the required fields.

    Congratulations! You have successfully created your account on AvaTrade. You will now be redirected on to your account dashboard. However, you must complete the KYC procedure by uploading the required documents to verify your identity before starting to trade on this platform.

    How to Log in on AvaTrade

    To log in to your account, follow the below steps:

    AvaTrade Exchange Login Screen

    1. Navigate to their site and click ‘Login’ on the to right.
    2. Enter your email address, password and click ‘Login’.

    Now, you will be logged in to the web trading platform of AvaTrade.

    Verification Requirements

    Since AvaTrade is a regulated trading platform, you must verify your phone number and submit all the required documents to confirm your account, before starting to trade. To verify your identity, you must upload a copy of a valid government-issued ID such as a passport, driving license or your national identity card. To verify your address, you can upload a bank statement, utility bill, tax statement or phone bill.

    How to Buy or Sell Bitcoin CFDs with AvaTrade

    Before buying/selling CFDs, you will first be expected to verify your account and already have deposited the required funds.

    How to Deposit Funds on AvaTrade

    Follow the below steps to deposit funds on your account. The minimum deposit amount is 100 EUR/USD/GBP/AUD (for cards/e-wallets)For wire transfers, the minimum deposit amount is 500 EUR/USD/GBP/AUD.

    AvaTrade Exchange Deposit Funds

    1. Log in to your account and click ‘Deposit’ on the left.
    2. Select your deposit method (Card/Wire Transfer/e-Wallet).
    3. Select your deposit account and enter the amount of deposit.
    4. Follow on-screen instructions and fill all required fields related to your payment method.
    5. Finally, click ‘Deposit’.

    Once your transaction is processed, funds will be credited to your account. Generally, wire transfers might take long (up to 10 business days) when compared to e-Wallets.

    Now, let’s take a look at how to buy/sell Bitcoin CFD on AvaTrade.

    AvaTrade Exchange Buy Bitcoin CFD
    Screenshots are shown for illustration purposes only. Actual product may vary.
    1. Log in to your account and click ‘Trade’.
    2. Select BTC from the list of assets.
    3. Click ‘Buy’ or ‘Sell’ button depending on the direction of your trade.
    4. Enter the volume of your order and click ‘More Options’.
    5. Select from: Take profit/Stop Loss/Execute When Price Hits, to set the order type.
    6. Click the ‘Buy’ or ‘Sell’ button to place your order.

    Once your order is placed, you can track the status of your assets under ‘Open positions’.

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    Warning: Forex/CFD, Spread-betting & FX Options trading involves substantial risk and possible loss of funds. Moreover, this kind of trading is not suitable for all investors. It is highly recommended for you to read the AvaTrade risk disclosure before venturing into such a financial investment. 

    How to Cash Out on AvaTrade

    Since AvaTrade strictly follows an AML policy, you can request a withdrawal through the same payment method by which you funded your account. You must withdraw up to 200% of your deposit to your credit/debit card, and only then may you withdraw using another method in your own name.

    1. Log in to your account and click the ‘Menu’ icon (Three horizontal lines).
    2. Click ‘Withdraw’.
    3. Follow on-screen instructions to fill all required fields.
    4. Finally, click ‘Submit’.

    Generally, your withdrawal requests will be processed within 1 business day. However, it might take up to 5 business days for credit/debit cards, 24 hours for e-wallets and up to 10 business days for Wire transfers.

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    Supported Cryptocurrencies

    At the time of writing, AvaTrade supports trading the following cryptocurrency CFDs:

    Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS (EOS), IOTA (IOTA), Dash (DASH), NEO (NEO), Stellar (XLM).

    To get the latest list of cryptocurrencies supported by AvaTrade, kindly check out their website.

    Supported Countries

    AvaTrade accepts members from a lot of countries worldwide to trade CFDs.

    Supported

    The Top 50 countries supported by AvaTrade are given below:

    Austria, Australia, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, France, Finland, Germany,Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Lithuania, Malta, Netherlands, NorwayPoland, Portugal, Qatar, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Thailand, Turkey, Tunisia, UAE, Uganda, Ukraine, UK.

    Your capital is at risk

    Excluded

    At the time of writing, AvaTrade doesn’t accept residents from the USA, Saudi Arabia, Pakistan, Afghanistan, Iran, Mauritania, Oman, Yemen, Egypt, Jordan, Iraq, Kuwait, Algeria, Malaysia, Maldives, Morocco, Libya, Tunisia, United Arab Emirates, Somalia and Brunei

    Platform Fees & Limits

    Every CFD trading platform has its own fee structure and limits.

    Fees

    AvaTrade Crypto CFD Trading Fees
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Trading Fees

    AvaTrade doesn’t charge any commission on each trade. However, it does charge other types of fees such as overnight and spread fees, based on the cryptocurrency used.

    Deposit/Withdrawal

    AvaTrade doesn’t charge any fee for deposits/withdrawals.

    Warning: Forex/CFD, Spread-betting & FX Options trading involves substantial risk and possible loss of funds. Moreover, this kind of trading is not suitable for all investors. It is highly recommended for you to read the AvaTrade risk disclosure before venturing into such a financial investment. 

    Spread Fee

    The calculation of spread can be conducted by subtracting the selling price from the buying price of the instrument. The spread fee depends on the market that you trade on. For example, the spread fee is 0.6% (Over-market) for BTCEUR.

    Swap/Overnight Premium Fee

    The Overnight Premium is a set fee, charged on positions that remain open overnight. It varies depending on the cryptocurrency. For example, the swap fee for BTCEUR is -0.03333% (Sell) and -0.0694% (Buy).

    Inactivity Fee

    If your trading account remains inactive for a period of 3 consecutive months, then an inactivity fee of 50 USD/EUR/GBP will be deducted from your account for every successive inactivity period.

    To find out more detailed information about various types of fees on AvaTrade, check out their website.

    Limits

    For deposits, the minimum amount is set to 100 EUR/USD/GBP for cards or e-wallets and 500 EUR/USD/GBP for wire transfers. As for withdrawals, there are no minimum or maximum limits set by the platform. The leverage for trading CFDs varies depending on the asset type. For BTCEUR, a leverage of 20:1 is offered.

    Supported Payment Methods

    AvaTrade supports a wide range of fiat payment options with four fiat currencies (EUR, USD, GBP, AUD) which are listed below:

    • Credit/Debit cards (VISA/VISA Electron/Mastercard/Maestro)
    • Bank transfer
    • Skrill
    • Neteller
    • WebMoney

    Warning: Forex/CFD, Spread-betting & FX Options trading involves substantial risk and possible loss of funds. Moreover, this kind of trading is not suitable for all investors. It is highly recommended for you to read the AvaTrade risk disclosure before venturing into such a financial investment. 

    AvaTrade Security

    Unlike most trading platforms, AvaTrade doesn’t provide 2FA protection to protect users’ accounts from unauthorized access.

    AvaTrade Customer Support

    AvaTrade has multiple phone numbers to provide 24/7 customer support to its users, depending on their location. In addition to this, AvaTrade provides live chat support to quickly resolve customers’ queries. You can also send an email by filling the form available on their Contact Us page. For general inquiries, users can refer to articles in the FAQs section.

    Top Competitors

    AvaTrade vs. DAXbase

    Even though DAXbase offers attractive bonuses to initial trading deposits, it is not a regulated platform like AvaTrade. Both these CFD trading platforms support a bunch of payment options including bank transfer, debit/credit cards and electronic wallets like Skrill. AvaTrade doesn’t charge any fee to deposit/withdraw funds whereas a small transfer fee is applicable in DAXbase for withdrawals via some payment methods. Regarding customer support, both AvaTrade and DAXbase offers live chat support to quickly resolve the issues faced by its customers.

    AvaTrade vs. 24option

    The Signup procedure on AvaTrade is elaborate since it asks a lot of questions to test users’ trading skills whereas it is pretty straightforward to create a trading account on 24option. Both platforms support multiple payment options to deposit/withdraw funds. Regarding fees, AvaTrade is considered better as it doesn’t charge fees for deposit/withdrawals whereas a withdrawal fee is always applicable on 24option. Even though both platforms don’t offer extra security features like 2FA protection, 24option provides compensation scheme to protect its clients’ funds.

    AvaTrade vs. XTB

    Both platforms offer trading in CFDs for the most popular cryptocurrencies like Bitcoin, Ethereum and Litecoin. Both AvaTrade and XTB support a wide range of payment methods like credit and debit cards, bank transfer, electronic wallets. Regarding fees, AvaTrade doesn’t charge any fees for deposits or withdrawals whereas XTB does charge withdrawal fees. Since both platforms are regulated, they allow users to trade only after they have verified their accounts.

    Conclusion

    Being a regulated CFD trading platform with a lot of good features like multiple payment options, zero fees for deposits or withdrawals and the availability of a demo account, AvaTrade is a good platform for novice traders to buy cryptocurrency CFDs.  However, users should consider the fact that CFDs are complex financial instruments which always carry a high level of risk, since leverage can work both to your advantage and disadvantage. Therefore, you cannot eliminate the possibility of losing your funds.

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    Rating Score

    4.5

    Pros

    • Regulated trading platform
    • Live chat
    • Multiple fiat payment options
    • No fees for deposits/withdrawals
    • Demo account
    • Supports all operating systems (Windows, Mac, Android, iOS)

    Cons

    • Limited number of cryptocurrencies

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