The AvaTrade broker at a glance
- Platforms available: MetaTrader 4 & 5, AvaTradeGO, AvaOptions
- More than 1,250 instruments in CFD: stocks, indices, currencies, raw materials, cryptos
- Free Copy Trading via AvaSocial, DupliTrade, ZuluTrade
- Demo account with R10,000 virtual, immediate access
- Zero commission on CFDs, competitive fixed spreads
- Central Bank of Ireland, ASIC regulation, Financial Sector Conduct Authority (FSCA) registration
- Segregated client funds, protection against negative balance
- Customer support in English, by phone, WhatsApp and chat
- Integrated help tools: trading calculator, technical analysis, AvaProtect
- High inactivity fees: R50 per quarter after 3 months
- No futures, turbos, exotic options
- Limited crypto offer: around 20 major assets
- Minimum lot size sometimes high on certain markets
- What to think of AvaTrade?
- My opinion on the security and reliability of the broker AvaTrade
- My opinion on the fees, spreads and commissions applied on AvaTrade
- My opinion on the assets & markets available on AvaTrade
- My opinion on the platform
- Customer Reviews: What Users Think of AvaTrade
- Account opening, deposits and withdrawals on AvaTrade
- Conclusion: Should you invest with AvaTrade?
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Founded in 2006, AvaTrade is an online broker specialising in CFD trading and vanilla options. Present in the markets for over 15 years, it is regulated by several recognised financial authorities including the Central Bank of Ireland and ASIC in Australia.
I've spent several months thoroughly testing AvaTrade, analyzing its tools, fees, and the quality of its user experience in general, with the aim of answering these questions: Is AvaTrade reliable? What are its advantages and disadvantages? Is it suitable for novice traders or experienced investors? What are its features compared to other regulated brokers in South Africa?
To get a clearer picture, I examined every aspect of the broker: registration and account opening, fees and trading conditions, diversity of available assets, platform ergonomics, analysis tools and services offered to traders.
Here is my complete review of AvaTrade in comparison to other online brokers that I have tested.
What to think of AvaTrade?
My general opinion on AvaTrade
After several months of testing, I can say that AvaTrade is a reliable and well-structured broker, especially suited to active traders who want to speculate via CFDs. What I particularly appreciated was the diversity of platforms: MetaTrader 4 and 5 for classic trading, AvaTradeGO for mobile (fluid and ergonomic), and AvaOptions for working on more complex strategies with vanilla options.
The broker is regulated by the Central Bank of Ireland and ASIC, and properly registered with the FSCA, which immediately reassured me. The rating of 4.5/5 on Trustpilot (based on over 9,000 reviews) also reflects this solidity.
On the assets side, there is access to over 1,250 instruments – Forex, shares, indices, commodities, cryptos – only via CFD. It is therefore an environment clearly designed for short-term trading with leverage. If you are looking to invest long-term in physical shares or ETFs, this will not be the right platform. I advise you in this case to turn to a broker like eToro or an online broker like Degiro.
Finally, the spreads are competitive (0.9 pip on EUR/USD in standard), and the absence of direct commissions makes the trading experience simple to follow.
=> In summary, if like me you trade regularly and are looking for a serious platform with a good range of tools, AvaTrade is an option that I recommend.
Which trader profiles is AvaTrade aimed at?
In my opinion, AvaTrade is particularly suitable for:
=> For beginner traders who want to train and take their first steps in the world of trading with personalized support from a dedicated advisor and the possibility of accessing a free demo account giving access to a fictitious capital of R 10 000. Beginner traders also benefit from the possibility of practicing copy trading and copying the strategies of the best traders with the Duplitrade and Zulutrade platforms. Finally, AvaTrade also provides new traders with webinars, guides and market analysis.
=> For active and regular traders with a wide selection of CFD assets, competitive spreads, and no commission on transactions. The MetaTrader 4 & 5 platforms, as well as the AvaTrade Go app, also offer fast order execution and advanced risk management tools ideal for swing trading and day trading.
=> For copy traders with DupliTrade and ZuluTrade platforms accessible at no extra cost.
However, AvaTrade will not be suitable for long-term investors who will not find stocks or ETFs for direct purchase, nor for scalpers and high-frequency traders who may be hampered by certain spreads slightly above average.
AvaTrade in a few seconds is :
Features | Details |
---|---|
Minimum deposit | R100 (no-deposit demo account, virtual R10,000) |
Regulations | Central Bank of Ireland, ASIC (Australia), FSCA, FSA (Japan), ADGM |
Available assets | Over 1,250 CFDs: 55+ Forex pairs, 630+ equities, 19 commodities, 20+ cryptos, 15 indices, 2 bonds, vanilla options |
Trading tools | MetaTrader 4 & 5, WebTrader, AvaTradeGO, AvaOptions |
Demo account | Yes, with virtual R10,000 (duration 21 days, renewable on request) |
Copy trading | Yes, via AvaSocial, DupliTrade, ZuluTrade |
Islamic trading | Yes, swap-free account (up to 5 days free of charge) |
Main options | Stop Loss, Take Profit, conditional orders, AvaProtect |
Leverage | Up to 1:30 (individuals), up to 1:400 (professionals) |
Fees | 0 commission, spreads from 0.9 pip, R50 inactivity/3 months |
Customer support | 24/7: phone, WhatsApp, chat, email |
Trustpilot opinion | 4.5/5 out of over 9,000 reviews |
My opinion on the security and reliability of the broker AvaTrade
AvaTrade is a broker that I found particularly reassuring to use, especially thanks to the quality of its regulation and the clarity of its commitments in terms of fund protection. Here are the key elements to remember:
Indicator | Description | Risk Management |
---|---|---|
Regulatory Compliance | Regulation by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSCA (South Africa); authorisation to operate in South Africa | Excellent |
Security of Funds | Client funds segregated in top-tier institutions; strict solvency requirements | Excellent |
Risk Management Tools | Stop loss, take profit, negative balance protection, AvaProtect tool | Good |
Reputation & Coverage | Created in 2006, present in over 150 countries, 4.5/5 on Trustpilot (9 000+ reviews) | Excellent |
My opinion on the fees, spreads and commissions applied on AvaTrade
From my experience, AvaTrade offers simple and fairly competitive pricing, especially if you are looking to avoid fixed fees. The broker does not charge any commissions on CFDs, which makes understanding the fees clearer: everything goes through the spreads. For me, this is a real strong point, especially for active traders who want to keep control of their costs.
I also appreciated that Copy Trading is completely free, whether via AvaSocial, ZuluTrade or DupliTrade. This allows you to follow other traders without additional fees, which is far from the case with all brokers.
Now, let's look together at the fees item by item to see what it gives concretely.
What are the account fees?
Type of fees | Conditions | Market average |
---|---|---|
Opening fee | Free | 5 – 10 R |
Management fee | None | 0,1 – 0,2 % |
Withdrawal fee | None | 5 – 10 R |
Inactivity fee | R50 per quarter after 3 months of inactivity | 5 – 15 R per month |
Coverage fee | Deposits accepted in EUR or USD only; fees apply for other currencies | Variable |
I found the conditions to be quite fair overall. The minimum deposit of R1,800 remains accessible, especially compared to brokers like FXCM or Pepperstone. Withdrawals are free, which is rare and appreciable.
However, the inactivity fees surprised me: R900 every 3 months is clearly above average.
Tip #1
Avoid inactivity fees easily. If you don't trade regularly, consider placing an order or withdrawing your funds before the 3-month period of inactivity. Personally, I simply open a small position or withdraw my balance so as not to lose R2000 unnecessarily per year.
What are the fees on stocks and ETFs?
AvaTrade does not offer direct purchase of stocks or ETFs. All these assets are only negotiable as CFDs, which implies specific fees related to this type of product.
Type of fees | Conditions | Market average |
---|---|---|
Commission | 0 R (CFD only, no actual purchase) | 0,10 % |
Spread fee | From 0.13% on CFD equities and ETFs | 0,10 % – 0,20 % |
Overnight fee | Yes, applied to all positions held after closing | 0,01 % – 0,04 % |
Custodial fee | None (no actual holding of assets) | 0.30% p.a. (for securities held) |
Stamp duty fee | 0.5% on UK equity CFDs | 0,5 % |
If your goal is to hold stocks or ETFs directly for the long term, AvaTrade will not be suitable. Personally, for this type of investment, I prefer eToro or DEGIRO. On the other hand, for short-term trading with leverage, the fees at AvaTrade remain competitive.
What are the fees on cryptocurrencies?
At AvaTrade, cryptocurrency trading is done exclusively via CFDs. No actual purchase, no wallet, and therefore no custody or transfer fees like on a traditional exchange.
Type of fees | Conditions | Market average |
---|---|---|
Buy/sell fees | Included in the spread, from 0.5% depending on the crypto | 0,3 – 1 % |
Spread fees | Varies by pair (e.g. ~0.5% on BTC/USD) | 0,5 – 1 % |
Overnight fees | Yes, applied to all maintained positions | Variable |
Custody fees | None (no real holdings, only CFDs) | Variable |
Transfer fees | Not applicable (no crypto withdrawals possible) | 1.5 – 2% on exchanges |
Personally, I found the fees reasonable for short-term trading, but if you are looking to buy and hold your cryptos, it is better to go through a specialised platform like Binance or Kraken.
AvaTrade remains a good option if you want to speculate on price variations with leverage (up to x2 for retail clients in South Africa).
What are the CFD fees?
Underlying Asset | Max Leverage (South Africa Retail Clients) | Spread at AvaTrade | Overnight Fees | Market Average |
---|---|---|---|---|
CFD Stocks | Up to 1:20 | From 0.13% | Yes | 0.10% – 0.20% |
ETF CFD | Up to 1:20 | Variable | Yes | 0.10% – 0.20% |
CFD Bonds | Up to 1:20 | Variable (e.g. 0.03%) | Yes | Variable |
Vanilla Options | Up to 1:30 | Integrated into the premium | Yes | Variable |
Gold (XAU/USD) | Up to 1:20 | 0.34 $ | Yes | 0.25 – 0.40 $ |
Oil (WTI) | Up to 1:10 | 0.03 $ | Yes | 0.03 – 0.05 $ |
EUR/USD | Up to 1:30 | 0.9 pips | Yes | 0.6 – 1.2 pips |
EUR/GBP | Up to 1:30 | 1.5 pips | Yes | 1.2 – 1.5 pips |
CAC 40 | Up to 1:20 | 1 point | Yes | 1 – 1.5 points |
Bitcoin CFD | Up to 1:2 | About 0.5% | Yes | 0.5 – 1% |
Overall, I found AvaTrade's spreads to be very reasonable, especially on Forex and indices. On gold, oil and cryptos, the conditions remain competitive, even if some specialized brokers offer a slightly tighter spread. What I appreciated is that everything is clear and displayed in advance: no nasty surprises. For short-term strategies, it's a solid environment.
✅Good to know
The maximum leverage depends on the asset and is subject to local regulations: in South Africa, it varies depending on the specific asset and regulatory requirements.
Overnight fees apply to CFDs for all positions held open after market close. These fees vary depending on the underlying asset and market conditions.
My opinion on the assets & markets available on AvaTrade
Assets | Type | Number | Market Average |
---|---|---|---|
Stocks | CFD Only | 630+ | 2 500 |
ETF | CFD Only | Approximately 60 | 200 |
Cryptocurrencies | CFD Only | 20 to 25 | 50 |
Currencies (Forex) | CFD Only | 55+ pairs | 50 |
Commodities | CFD Only | 19 | 20 |
Indices | CFD Only | 15 | 12 |
Bonds | CFD Only | 2 | N/A |
Vanilla Options | Options (Forex + Metals) | Available via AvaOptions | N/A |
I found AvaTrade's offer to be well-balanced for a CFD broker. The choice of assets is largely sufficient to build strategies on the main asset classes, including Forex, indices and international stocks. The addition of vanilla options via AvaOptions is a real plus if you have a more technical profile, as few general brokers offer this type of instrument.
That being said, if you are looking to invest long-term in physical stocks or ETFs, AvaTrade will not be suitable. Here, everything is designed for active leveraged trading. Personally, I have used it for Forex and indices, and I found the market depth and responsiveness to be very good.
Vanilla Options on AvaTrade
One of the aspects of AvaTrade that intrigued me the most initially was the ability to trade vanilla options, a product rarely offered by classic CFD brokers. I tested this feature via their dedicated platform AvaOptions, and I must say that if you have a slightly more technical profile, it's a powerful tool.
Vanilla options allow you to speculate or hedge on Forex pairs (and some precious metals such as gold or silver), by choosing a strike price and an expiration date. Unlike CFDs, you can structure complex strategies (such as straddles, strangles or spreads), which gives more flexibility in risk management.
The AvaOptions platform is well-designed: clear interface, volatility charts, premium analysis, automatic calculation of potential P&L... everything is there to build your scenarios. But be careful, this is not a product for beginners: it is better to have some solid basics in risk management and market reading before you start.
My opinion on the platform
Feature | My Feedback |
---|---|
Mobile application | Available on Android & iOS via AvaTrade GO, simple and effective for placing orders on the move. |
Ergonomics | Clear interface on AvaTrade GO and WebTrader, but MetaTrader remains more technical. |
Compatible software | MetaTrader 4 & 5, AvaTrade GO, WebTrader, AvaOptions for vanilla options. |
Order types | Market, Limit, Stop-loss, Take-profit, Trailing Stop. |
Technical and graphical analysis | Advanced tools with RSI, MACD, Bollinger, Fibonacci, multi-asset comparison. |
Copy Trading / Auto trading | Available via DupliTrade and ZuluTrade (integrated free of charge). |
Social Trading | Yes, via ZuluTrade. |
Negative balance protection | Yes, in compliance with FSCA regulations. |
Trading signals | Included on MetaTrader and the AvaTrade platform. |
Asset search and selection | Present on WebTrader and MetaTrader, rather complete. |
Vanilla options | Yes, via AvaOptions. |
Price alerts | Only configurable via MetaTrader. |
Frankly, I found AvaTrade to be very comprehensive on the platform side. If you are already familiar with MetaTrader, you will find your way around immediately. For those who prefer a more modern interface, AvaTrade GO does the job well, especially on the go. Order placement is smooth: I choose my asset, I set my stops, leverage, and off it goes. Special mention to the AvaOptions platform if you want to test more advanced strategies with vanilla options.
Tip #2
Test the demo before risking your capital. With R1,800,000 virtual funds on the demo account, I was able to try out the different order types and refine my settings without pressure. This is ideal for understanding the impact of leverage or Forex volatility before going live. A really useful break-in period, especially if you are new to MetaTrader or options.
Customer Reviews: What Users Think of AvaTrade
AvaTrade enjoys an excellent reputation with its users, with an average of 4.5/5 on over 9,000 reviews on Trustpilot. The most frequently mentioned positive points are the quality of customer service, the speed of withdrawals, and the ease of use of the AvaTrade GO platform. Many also appreciate the smooth registration process and the availability of advisors.
On the criticism side, the inactivity fees (R900 after 3 months) are regularly mentioned as a deterrent, especially for occasional users. Some comments also mention longer delays for account validation, especially during periods of high demand.
Examples of customer reviews:
- Jean-Luc (20 February 2024) « Top-notch customer service. Quick and efficient response by telephone. Very satisfied with the follow-up. »
- Mickaël (15 March 2024) « Intuitive and easy-to-use application. Ideal for beginners in trading. I recommend it! »
- Marc (3 January 2024) « I requested a withdrawal on a Monday, the money was in my bank account on Wednesday. Nothing to complain about. »
Account opening, deposits and withdrawals on AvaTrade
Account opening
Step | Information |
---|---|
Opening Procedure | 100% online, no paper submissions required |
Opening Time | Generally a few hours after document validation |
Deposit Methods | Credit card (Visa, Mastercard), bank transfer, Skrill, Neteller, PayPal |
Minimum Amount Required | R1,600 for a real account; no deposit necessary to access the demo account |
Supporting Documents Required | Identity document (ID card or passport), proof of address (-3 months), bank statement if requested |
Practical Advice | Readable and complete documents to speed up validation |
Opening an account with AvaTrade is 100% online and quite fast. In a few minutes, you can create a demo account and start exploring the platform.
Steps to open an account:
- Fill out the registration form: name, email, phone number and password.
- Access the demo account: R1,600,000 fictitious funds available without deposit.
- Complete the profile: choose the type of account, questionnaire about your trading experience.
- Verify your identity: send a proof of identity + proof of address (less than 3 months old).
- Receive validation: generally within 24 to 72 hours.
- Make a first deposit: minimum R1,600 by credit card, bank transfer, Skrill, Neteller or PayPal.
✅ Good to know
You can use the demo account even before validation, allowing you to test AvaTrade's tools without obligation.
Deposits and withdrawals on AvaTrade
Type | Methods | Minimum Amount | Estimated Time |
---|---|---|---|
Deposit | Credit card, bank transfer, PayPal, Skrill, Neteller, WebMoney | R1600 (variable depending on method) | Instant (except bank transfer: 1 to 3 days) |
Withdrawal | Credit card, bank transfer, PayPal, Skrill, Neteller | R1600 (bank transfer), R16 (others) | 24 to 72 business hours (depending on method) |
Accepted currencies: EUR, USD, GBP, AUD (automatic conversion if needed)
Tip #3
Deposit via card or e-wallet for faster transactions. For immediate credit and the ability to react quickly to market opportunities, I recommend using a bank card or an e-wallet like PayPal or Skrill. Personally, I avoid transfers, which are too slow when timing is tight.
Types of Accounts Available on AvaTrade
AvaTrade is a broker specializing in CFD trading. It does not allow the direct purchase of shares or ETFs via a tax-advantaged savings plan or a standard securities account. All instruments are accessible via CFDs or vanilla options.
Account Type | Available at AvaTrade? |
---|---|
Demo Account | ✅ Yes, with R1,600,000 of virtual capital |
Islamic Account | ✅ Yes, swap-free, compliant with Islamic finance |
CFD Account | ✅ Yes, the main type of account offered |
Raw ECN Account | ❌ No (not available at AvaTrade) |
Standard STP Account | ✅ Yes, standard account with integrated spreads, no commission |
Professional Account | ✅ Yes, with leverage up to 1:400 and specific conditions |
Classic Securities Account | ❌ No, no shares or spot ETFs |
PEA | ❌ No, incompatible with South African market rules |
Base currency of accounts | EUR, USD, GBP, AUD (automatic conversion if depositing in another currency) |
✅ Please note
The Standard account is the most common at AvaTrade, with access to all CFD instruments and no commission fees. The Professional account is reserved for traders who meet certain criteria (experience, available capital, trading frequency).
Conclusion: Should you invest with AvaTrade?
After several weeks of testing AvaTrade, I can say that it is a reliable broker, well-regulated, and delivers on its performance promises. I particularly appreciated the user-friendliness of the AvaTrade GO application, the quality of the tools offered on MetaTrader and WebTrader, as well as the copy trading options with ZuluTrade and DupliTrade. For those who like to go further, the AvaOptions platform also allows you to embark on more advanced strategies via vanilla options.
Of course, the fact that it only offers CFDs may deter some long-term investors who want to hold securities directly. But if you are an active trader, with dynamic management of your positions, AvaTrade offers competitive spreads, good execution and a generally solid trading environment. Customer service in English is a real plus, especially when compared to other brokers who are often less accessible.
Is AvaTrade regulated in South Africa?
Yes, AvaTrade is authorized to operate in South Africa through its regulation by the FSCA. It is also regulated by the Central Bank of Ireland, ASIC in Australia, and other international financial authorities. This ensures a secure framework for investors.
What is the minimum deposit required to open an account?
The minimum deposit to open a real account with AvaTrade is R1,600. This amount remains accessible for beginners and lower than that required by some other brokers. It is not necessary to deposit to access the demo account, which is free.
Does AvaTrade offer copy trading?
Yes, AvaTrade allows copy trading via two partner solutions: ZuluTrade and DupliTrade. These platforms give you the opportunity to automatically copy the strategies of experienced traders, with direct access from your AvaTrade account. This is a real advantage for users who want to trade in a semi-passive way.
Does AvaTrade offer promotions?
Yes, AvaTrade regularly offers special offers or deposit bonuses, especially for new customers. These promotions vary depending on the region and local regulations. It is therefore advisable to consult the official website to know the offers available at the time of your registration.
How to contact AvaTrade customer service?
Customer service is available 24/5. You can reach them by phone, email, via the online form, live chat or even on WhatsApp. This is a real plus in case of urgent questions or technical concerns.
How does leverage work on AvaTrade?
Leverage varies depending on the asset and your status (individual or professional). In South Africa, the maximum leverage allowed for retail traders depends on the specific asset class, according to regulation. Professional traders may use higher leverage. Leverage multiplies market exposure, but it also increases the risk of loss.
How does AvaTrade get paid?
AvaTrade applies a commission-free model on CFDs. The broker is mainly paid via spreads, i.e. the difference between the purchase and sale prices. It also applies overnight fees on CFD positions held open at night, as well as an inactivity fee of R800 per quarter after 3 months without a transaction.
Who is behind AvaTrade?
AvaTrade was founded in 2006 and is headquartered in Ireland. Since its creation, the broker has established itself as one of the leaders in online trading with more than 400,000 users worldwide and a presence in several jurisdictions.
When was AvaTrade launched?
The company was created in 2006. It has since evolved by offering a wide range of CFD products, a modern mobile application (AvaTrade GO), copy trading options and even a platform dedicated to vanilla options trading.
Is AvaTrade regulated in South Africa?
Yes, AvaTrade is authorized to operate in South Africa through its regulation by the FSCA. It is also regulated by the Central Bank of Ireland, ASIC in Australia, and other international financial authorities. This ensures a secure framework for investors.
What is the minimum deposit required to open an account?
The minimum deposit to open a real account with AvaTrade is R1,600. This amount remains accessible for beginners and lower than that required by some other brokers. It is not necessary to deposit to access the demo account, which is free.
Does AvaTrade offer copy trading?
Yes, AvaTrade allows copy trading via two partner solutions: ZuluTrade and DupliTrade. These platforms give you the opportunity to automatically copy the strategies of experienced traders, with direct access from your AvaTrade account. This is a real advantage for users who want to trade in a semi-passive way.
Does AvaTrade offer promotions?
Yes, AvaTrade regularly offers special offers or deposit bonuses, especially for new customers. These promotions vary depending on the region and local regulations. It is therefore advisable to consult the official website to know the offers available at the time of your registration.
How to contact AvaTrade customer service?
Customer service is available 24/5. You can reach them by phone, email, via the online form, live chat or even on WhatsApp. This is a real plus in case of urgent questions or technical concerns.
How does leverage work on AvaTrade?
Leverage varies depending on the asset and your status (individual or professional). In South Africa, the maximum leverage allowed for retail traders depends on the specific asset class, according to regulation. Professional traders may use higher leverage. Leverage multiplies market exposure, but it also increases the risk of loss.
How does AvaTrade get paid?
AvaTrade applies a commission-free model on CFDs. The broker is mainly paid via spreads, i.e. the difference between the purchase and sale prices. It also applies overnight fees on CFD positions held open at night, as well as an inactivity fee of R800 per quarter after 3 months without a transaction.
Who is behind AvaTrade?
AvaTrade was founded in 2006 and is headquartered in Ireland. Since its creation, the broker has established itself as one of the leaders in online trading with more than 400,000 users worldwide and a presence in several jurisdictions.
When was AvaTrade launched?
The company was created in 2006. It has since evolved by offering a wide range of CFD products, a modern mobile application (AvaTrade GO), copy trading options and even a platform dedicated to vanilla options trading.