Avatrade Review – An ASIC-Regulated Broker

Avatrade review disclaimer: The information provided in this review is for informational purposes ONLY. This review highlights concerns regarding the broker’s credibility based on publicly available data and user experiences. 

Platform Overview

Avatrade, avatrade.com, is credible financial brokerage firm, you can trade on with a minimum deposit of $100-$500, depending on the deposit method. The platform supports:

1. Wire transfers.
2. Credit/debit cards.
3. Skrill, Neteller, and other e-payment systems.

Avatrade’s Broad Regulatory Compliance

Notably, AvaTrade is regulated by many regulatory authorities globally, as highlighted below:

As you can see, several financial regulatory bodies oversee it. This implies that this online financial brokerage firm meets the stringent standards set by different regulators, making for a trustworthy firm.

An important part of avatrade.com is the DupliTrade trading robot. With this bot, you can easily copy or duplicate the trades of other traders on Avatrade. If the expert traders whose trades you copy win, you win.  

Avatrade Review Pros

• Easy signup process, making it suitable for both beginner and seasoned traders. 
• Accepts clients globally except those who are residents of the countries listed in the FAQs section below.
• Regulated by many regulatory bodies including the Australian Securities and Investment Commission(ASIC) and the Central Bank of Ireland, adhering to a broad range of strict regulations and standards.
• Offers a wide range of services from FX trading and CFD trading to crypto trading and more. 
• Provides simple and quick withdrawal process(1- 2 business days and no more than 8 days), allowing users access to their funds quickly and seamlessly.
• Supports several payment and withdrawal methods including credit and debit cards, wire transfers, and e-payments(Skrill, WebMoney, and Neteller).
• Allows you to cancel a deposit and revert the money to your bank account within 24 hours.
• Multilingual customer support, catering to customers from different language backgrounds.
• Features several trading platforms including the company’s proprietary AvaOptions, DupliTrade, and the AvaTradeGO mobile app as well as MT4, MT5, and WebTrader third-party platforms.
• Comes with a free demo account. As I stated in this post, legitimate trading platforms offer demo trading accounts to allow users to practice trading without putting their funds at risk.

Avatrade Review Cons

• Company’s representatives may sometimes annoy you with their cold-calling tendencies, using different mobile numbers. 
• Silently deducts inactivity fees from your account, gradually reducing your funds without you knowing it.
• Not accessible to traders who are residents of certain countries.

AVATRADE.COM Account Types

• Demo Accounts.
• Standard Accounts.
• Professional Accounts.
• Retail Accounts.
• Spread Betting Accounts.
• Corporate Accounts.
• Options Accounts.
• Managed Accounts.
• Islamic Accounts.     

Avatrade Review Final Verdict

Avatrade is a trustworthy online trading platform overseen by numerous financial services regulators globally. This implies that the broker complies with a broad range of strict standards and regulations from different jurisdictions globally, a strong proof of its credibility and trustworthiness.

As such, you can make great profits out of your investment through it, especially if you are a proficient trader. 

Report A Scam Incident!

If so, and you have evidence(proof of payment and communication records), go to this page to report the incident and seek help. Alternatively, send us an email at scamread@scamreader.info. 

Avatrade Review FAQs

1. Is Avatrade a legitimate broker?

The short answer is YES. This is an authentic financial brokerage firm. Many financial regulatory authorities across the globe regulate it.

2.  Does avatrade.com support cryptocurrency exchange?

YES. However, it’s not a cryptocurrency exchange where you can purchase, hold, or sell actual digital currencies. Rather, the platform provides cryptocurrency CFD trading.

3. What’s the headquarters of Avatrade?

While the company operates worldwide, its head office is in Dublin, Ireland(Five Lamps Place, Amiens Street, Dublin, Ireland).

4. Who are the individuals behind avatrade.com?

While Avatrade initially belonged to two individuals and an entity — Negev Nosatzki, Emanuel Kronitz, and Clal Finance, it’s currently a property of a financial trading and online gaming firm known as “the Playtech Group”.

5. Are there any scam complaints against Avatrade?

As an online trading company that several regulatory bodies across the globe regulate, avatrade.com does not engage in scams. Regarding the few scam complaints available online, the company has clarified that those who claimed that it defrauded them might in fact have fallen victim to clone websites. Watch out for fake websites mimicking avatrade.com.

6. Does avatrade.com accept all traders globally?

The short answer is NO. While it’s a global trading platforms, it doesn’t accept clients from certain countries, including the following:

• United States.
• Russia
• Belgium
• New Zealand
• Cuba
• Belarus
• Isle of Man
• Yemen
• Iran
• Syria
• Guernsey
• Lebanon

Unfortunately, you’ll not be able to access the services of this trustworthy trading platform if you are a resident of any of the above countries. Avoid using a VPN to manipulate your geographical location because you may have issues having your account verified or withdrawing your funds.

7. Avatrade minimum withdrawal amount?

It varies depending on the withdrawal method used. For example:

• Credit/debit cards-$100.
• Bank wire transfers-$100.
• E-withdrawals-$1.