Thomas Drury
Co-Founder
Thomas is an experienced financial trader in leverage instruments, crypto and general investing. He has over a decade experience in finance and holds Chartered Status in the financial industry, Thomas’s speciality is trading CFDs, Forex and Day Trading. His crypto portfolio is heavily weighted towards BTC and Eth, but enjoys trading low cap crypto’s with higher volatility. Thomas’s favourite trading strategy is break out Trading.
“Our commitment at The Investors Centre is unwavering. We strive to provide clear, actionable advice that empowers you to achieve financial success. Our vision is a future where anyone can invest confidently and wisely.”
Dom Farnell
Co-Founder
Dom is an experienced retail investor, learning his craft in what he likes to call the “hard way”. Through many of these lesson’s he has crafted himself a sound investment strategy that has enabled him to make investing into a business not just a hobby. He wanted to create The Investors Centre to be able to use these lessons and help other people establish them selves in the world of investing.
“Financial clarity and integrity are the cornerstones of everything we do. We’re here to ensure that your investment journey is built on a solid financial understanding and a sound strategic foundation.”
Quick Answer: How Does AvaTrade Rate as a Trading Platform?
AvaTrade earns a strong rating of 4.5/5 for its user-friendly platform, wide range of trading instruments, competitive spreads, and robust educational resources, making it a reliable choice for both beginners and experienced traders.
AvaTrade Overview
- Minimum Deposit: From just £100 to start trading
- Trade CFDs and spread bets on forex, stocks, indices, commodities, and crypto
- FCA regulated and trusted by thousands of UK traders
- User-friendly web & mobile platforms with advanced risk management features
- Ideal for UK investors looking for tax-efficient spread betting and a wide range of global markets
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
First Impressions and Setting Up
Account Opening Process
Opening an account with AvaTrade was refreshingly straightforward. The registration process took me about 15 minutes. The platform required standard verification documents like proof of ID and address, which was simple enough to upload. However, the approval took slightly longer than expected—about two business days—which tested my patience a bit.
When it came to funding my account, the $100 minimum deposit felt reasonable, especially compared to brokers with much higher requirements. I funded my account using a credit card, but there were plenty of options, including PayPal and bank transfers, making it flexible for different users.
Demo Account Experience
Before risking any real money, I spent about two weeks exploring AvaTrade’s demo account. This was a game-changer for me. The demo account replicated live trading conditions almost perfectly, which allowed me to test different strategies and familiarize myself with their tools.
For example, I used the demo to practice copy trading through AvaSocial and experimented with AvaProtect to understand how it worked. By the time I switched to a live account, I felt confident enough to make my first trades without hesitation.
User Interface
The first platform I tried was AvaTradeGO, their proprietary mobile app. It was sleek, user-friendly, and made navigation intuitive even for someone like me, who’s not overly tech-savvy. Features like syncing watchlists and AvaProtect were easy to locate and use.
I later transitioned to MetaTrader 4 (MT4) because of its more advanced tools and customization options. It took a bit of time to get used to, but once I did, I appreciated the depth it offered. Overall, AvaTrade’s platforms felt approachable for beginners yet powerful enough for more experienced traders.
Category | Score (Out of 5) | Comments |
---|---|---|
Ease of Account Opening | 4.5 | Simple and straightforward process, but verification took slightly longer than expected (2 business days). |
Minimum Deposit | 4.5 | $100 minimum deposit felt reasonable, with flexible funding options like PayPal and credit cards. |
Demo Account | 5 | Excellent for testing strategies; realistic market conditions and easy to switch to live trading. |
User Interface | 4.5 | AvaTradeGO was intuitive for beginners, while MetaTrader offered depth for advanced traders. A slight learning curve with MT4. |
Platform Options | 5 | Multiple platforms (MetaTrader, AvaTradeGO, etc.) cater to different needs and skill levels. |
What I Loved About Trading with AvaTrade
Diverse Trading Options
One of the first things that impressed me about AvaTrade was the sheer variety of trading instruments. With over 1,260 symbols, I could trade forex pairs, CFDs, futures, and even cryptocurrencies. Personally, I enjoyed trading major forex pairs like EUR/USD for their lower spreads and higher liquidity.
I also dabbled in commodities and indices, which added some excitement and diversification to my portfolio. AvaTrade’s offering of futures trading via MetaTrader 5 (MT5) was a surprising bonus. This variety made it easy to align my trades with my goals—whether it was short-term gains or long-term strategies.
Tools That Stood Out
AvaProtect quickly became my favorite feature. This tool allows you to protect trades against losses for a small fee, which was perfect for reducing risk on high-volatility trades. For instance, I once used AvaProtect on a forex trade during an unpredictable economic announcement. The trade went south, but the protection reimbursed my losses, giving me the confidence to try riskier strategies when needed.
I also appreciated the Guardian Angel plugin for MetaTrader. This tool provided personalized risk management tips, which were invaluable as I refined my trading approach.
Copy Trading
As someone who initially struggled with confidence, AvaSocial and ZuluTrade were game-changers. Following experienced traders helped me understand how professionals analyse markets and manage risks. One particular trader I followed consistently achieved a 15% monthly ROI, and mirroring their trades significantly improved my early results.
The transparency of performance stats and the ability to filter by strategy or risk level made the process even more reassuring. Copy trading wasn’t just profitable; it was educational, too.
Mobile Experience
Category | Score (Out of 5) | Comments |
---|---|---|
Diverse Trading Options | 5 | Over 1,260 instruments available, including forex, CFDs, futures, and cryptocurrencies. Suitable for varied trading goals. |
AvaProtect | 5 | A standout feature for risk management; it saved me during high-volatility trades. Innovative and easy to use. |
Copy Trading | 4.5 | AvaSocial and ZuluTrade offered excellent opportunities to learn from experienced traders, though filtering options could be more robust. |
Mobile Experience | 4.5 | AvaTradeGO was user-friendly and convenient, though advanced charting tools were somewhat limited. |
Learning the Ropes with AvaTrade
Educational Resources
AvaAcademy was a treasure trove of knowledge. I started with their beginner courses, which covered trading basics like margin and leverage, and gradually worked my way up to advanced topics like technical indicators. The articles were well-structured, and the integrated quizzes kept me engaged.
One course on candlestick patterns completely changed how I viewed price action. The lessons were digestible without feeling watered down, making them ideal for beginners like me.
Webinars and Videos
Practical Application
The real breakthrough came when I applied what I learned. After completing a course on Bollinger Bands, I tested the strategy during a trending market. The result? A 12% return on that week’s trades.
These “aha!” moments made all the learning worthwhile. AvaTrade’s resources didn’t just teach me concepts—they helped me build confidence to execute trades with purpose and precision.
Category | Score (Out of 5) | Comments |
---|---|---|
Educational Resources | 5 | AvaAcademy provided structured courses for all levels. Topics like candlestick patterns were practical and impactful. |
Webinars and Videos | 4.5 | High-quality webinars and market outlook videos were insightful, but there’s room for more in-depth analysis. |
Practical Application | 5 | Easy to apply what I learned directly into my trades. Specific strategies like Bollinger Bands gave me measurable success. |
What Could Be Better: My Frustrations with AvaTrade
Pricing for Retail Traders
While AvaTrade’s spreads for major forex pairs like EUR/USD (around 0.9 pips) are decent, they weren’t always the most competitive for a non-professional trader like me. Competitors like Tickmill and CMC Markets offered lower spreads, especially for entry-level accounts.
There were moments when I wished AvaTrade had a more straightforward fee structure for retail traders or introduced a loyalty program to reduce costs for frequent users. While the pricing wasn’t a dealbreaker, I found myself considering how much I could save with tighter spreads elsewhere.
Proprietary Platforms
AvaOptions, their desktop platform for forex options trading, was a mixed bag. While it offered some unique features, its outdated interface felt clunky compared to the polished design of AvaTradeGO. It was slow to load, and navigating it required more effort than I’d like.
The limited research tools on AvaTrade’s proprietary platforms were another sticking point. While Trading Central integrations were helpful, I often had to rely on external resources for in-depth analysis. For a broker of AvaTrade’s stature, this was a surprising shortfall.
Inactivity Fees
Room for Growth
Category | Score (Out of 5) | Comments |
---|---|---|
Regulation and Trust Score | 5 | AvaTrade is regulated in four Tier-1 jurisdictions (e.g., ASIC, JFSA) and has a strong Trust Score of 94/99. |
Transparency | 5 | Clear communication about fund segregation, regulatory compliance, and safety protocols reassured me. |
Cybersecurity | 4.5 | Strong cybersecurity measures and WebTrust compliance; no major breaches reported, but more proactive updates would be welcome. |
Is AvaTrade Safe? My Thoughts on Trustworthiness
Trust Factors
One of the main reasons I chose AvaTrade was their strong regulation. Being authorized by four Tier-1 jurisdictions, including the Australian Securities & Investment Commission (ASIC) and the Japanese Financial Services Authority (JFSA), gave me confidence that my funds were in safe hands.
Their Trust Score of 94/99 speaks volumes about their credibility. For someone like me, who values security as much as performance, this was a significant deciding factor.
Security Measures
AvaTrade’s transparency around their safety protocols reassured me from the start. They segregate client funds from their operational accounts, ensuring my money is protected even if the company faces financial difficulties.
I was also impressed by their commitment to cybersecurity, including compliance with WebTrust standards. The fact that AvaTrade has served over 400,000 clients without major security incidents further solidified my confidence.
In my experience, AvaTrade’s regulatory oversight and focus on fund security made them one of the safest brokers I’ve used, which gave me peace of mind while trading.
Final Verdict: Is AvaTrade Worth It?
After months of trading with AvaTrade, I confidently rate it 4.5/5. The platform variety, including MetaTrader and AvaTradeGO, stood out as a highlight, offering both simplicity for beginners and depth for more advanced users. The educational tools, like AvaAcademy and webinars, were instrumental in helping me grow as a trader. Lastly, AvaTrade’s copy trading options, especially AvaSocial, made it easy to learn from and replicate successful strategies.
While AvaTrade isn’t perfect—the spreads for retail traders and inactivity fees are worth considering—it delivers a well-rounded trading experience that’s hard to beat. I’d recommend AvaTrade to beginners looking for an approachable platform, intermediate traders who want to experiment with diverse tools, and anyone interested in copy trading or forex options.
For me, the positives far outweighed the drawbacks. AvaTrade’s unique features and commitment to education make it a broker I trust and enjoy using, and I believe many traders will feel the same way.
Category | Score (Out of 5) | Comments |
---|---|---|
Overall Rating | 4.5 | AvaTrade strikes a balance between user-friendliness and advanced tools, earning my solid recommendation. |
Top Features | 5 | Platform variety, educational resources, and AvaProtect stood out as top strengths. |
Drawbacks | 4 | Pricing and inactivity fees are notable downsides but don’t overshadow the platform’s strengths. |
Recommendation | 4.5 | Ideal for beginners, intermediate traders, and anyone exploring copy trading or forex options. |
Trade, grow, and gain confidence
- Tight spreads & leverage
- FCA regulated security
- Diverse global markets
76% of retail investor accounts lose money when trading CFDs with this provider.
FAQs
Can UK residents open an account with AvaTrade?
Unfortunately, AvaTrade is not currently onboarding new clients from the UK. However, traders from other regions can explore the platform’s offerings, including forex, CFDs, and more.
What is the minimum deposit required to start trading with AvaTrade?
AvaTrade requires a minimum deposit of $100 to open an account, making it accessible for beginners. Multiple funding options, such as PayPal, credit cards, and bank transfers, are available.
Does AvaTrade offer risk management tools like stop-loss features?
Yes, AvaTrade provides excellent risk management tools, including AvaProtect. This feature allows traders to protect specific trades against losses for a small fee, ensuring peace of mind during volatile market conditions.
Is AvaTrade suitable for beginners?
Absolutely. AvaTrade offers beginner-friendly tools like a demo account, extensive educational resources through AvaAcademy, and copy trading via AvaSocial, making it a great choice for those new to trading.
How long do AvaTrade withdrawals take?
Withdrawals typically take 1-2 business days to process, depending on the chosen withdrawal method. Ensure your account is fully verified to avoid delays in processing your request.