Avatrade

Bonus

Avatrade does not offer any bonuses

Overview

• Organization: AVA Trade Ltd
• Payout option: -
• Minimum Deposit: 10$
• Demo account: Yes
• Indian: Yes
• Compatibility: Android, Mac OS, Windows, iOS
• Platform type: Self - Developed
• Minimum investment value: $1

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Terms & conditions apply

Trading CFDs and FX Options entail risk and could result in the loss of your capital.

Avatrade India Review 2023

Avatrade is a leading global Forex broker, founded in 2006. Ava is a multi-national company with sales centers and regional offices in Paris, Milan, Dublin, Tokyo, and Sydney.

The company has an administrative headquarter in Dublin, Ireland. Avatrade has a lengthy track of records as it is among the first brokerages in retail Forex.

With 7 regulations across 6 continents, Avatrade is among the most secure platforms in the industry. Among the Avatrade’s regulators are the Australian Securities and Investments Commission (ASIC) and B.V Financial Services Commission.

This broker is the first to receive a 3A license by Abu Dhabi Global Markets (ADGM), which allows the platform to offer both professional and retail trading services.

Since establishment, Avatrade has made significant progress now having more than 300,000 registered customers executing over 2 million trades per month. Avatrade has been monitored and honored for remarkable technological and financial achievement.

The broker has 36 awards, and every award it receives is proof of success in identifying and meeting traders’ expectations. The broker combines user-perspective with solid financial backing, which is a unique feature in the trading field.

India is among the countries where Avatrade is legal. Whether you are a seasoned Indian trader or novice, the Avatrade platform is adaptable, and its services aim to a perfect balance of sophistication and simplicity.

This review entails the key services and features of this award-winning broker. Let us find out what it is like to trade here.

Trading Offers (Assets)

Indian traders will find a decent range of underlying assets at Avatrade. There is a total of more than 1000 products to trade on. They are divided into different classes, including over 500 stocks, 55 currency pairs, 19 commodities, 20 indices, 5 major ETFs, 2 government bonds, and 14 Cryptocurrencies.

These products keep increasing to continue offering Indian traders the ultimate trading experience. Highlights and popular trades include currency pairs like USD/EUR and EUR/JPY, stocks like Apple, Amazon, and Berkshire Hathaway, the VIX ETF, and Bitcoin.

You can choose to invest in long trades where you hold ownership of an asset until you decide to cash out. Besides, you can trade on CFDs where you hold short term positions for some minutes, days, and weeks.

There are trading tools available, plus analysis, economic calendar, and indicators to help you make informed decisions. Avatrade also has a social trading app where you can copy trades by the best investors, chat with them, and benefit from their success.

Account Types

There are four main trading accounts at Avatrade. You can begin with a demo account to sharpen your skills before opening a live account. The demo account is loaded with ₹734500 practice money to help you execute trial trades, and you can request for more cash in case you run out of money. Once you are confident with your skills and have made significant profits, you can proceed to open a live account.

Besides the demo account, you can open a standard, Islamic account, or a VIP account. An Avatrade standard account is easy to open and requires little investment of ₹7300. Here you will have a maximum leverage of 400:1 in major markets.

You can also open for an Islamic account where you do not incur any swap fees, as per the Sharia laws. Once you have registered, you can request for this account and wait for the support department to approve your request. This process only takes 1-3 working days.

The VIP account requires a minimum deposit of ₹734500. This account comes with incredible benefits such a low spreads, monthly analysis, account manager, and additional returns.

Commissions and Spreads

Avatrade is transparent with its fees and costs. Here is what you should expect when trading with this broker.
Commissions

Like most brokers, Avatrade does not charge any commission fees. It means you can execute your sell or buy orders without incurring any fees. Instead, this is compensated through spreads.

Spreads

Spread is a difference between where you purchase and sell your asset. Spreads vary depending on different factors, including the time of the trade, liquidity, and volatility. During market hours, the competition tends to be stiffer. The more volatile a market is, the wider the spreads. However, there are fixed spreads at Avatrade that are not affected by the above factors.

Overnight Funding

Also referred to as overnight premium is a fee charged on all positions held overnight. If you hold a position over the weekend, you will be charged a 3-day swap fee. The charges vary with assets and markets.

This information is not clear on the platform. If you want to learn about overnight funding in detail, go to the “Trading Info” and check out the extensive overview of the calculations. The overnight funding fees apply in the CFDs trading.

Deposit and Withdrawals

Indian traders can deposit and withdraw money from their accounts with ease. You can choose from several currencies, including USD, GBP, EUR, CHF, and AUD. Transactions are processed quickly in a safe and secure environment. Here are the available deposit and Withdrawal methods at Avatrade.

Deposits

There is a decent range of deposit options. They include Mastercard, Visa, Neteller, Skrill, Paypal, Bank Wire Transfers, and WebMoney. The minimum deposit is ₹7300 while there is no maximum deposit limit.

All deposits are instant meaning you can fund your account and start trading immediately. Avatrade does not charge any deposit fees. To fund your account, you must log in to the personal client area. Go to the menu button “Deposit Money” and specify your preferred currency, amount, and payment method.

Withdrawals

You can withdraw your profits through the same method you used to deposit. Withdrawal processing takes only one to two working days. The fastest option is the Avat Debit Mastercard, which you can apply once you open an account. The minimum withdrawal is ₹7300, and there is no maximum withdrawal limit. Avatrade does not charge withdrawal charges but you might be charged by your service provider.

Trading Platforms

As a way of Avatrade’s commitment to empowering people to trade, the broker caters for all types of clients. The broker age offers 4 main trading platforms for automated and manual trading across a variety of devices.

The main aim of Avatrade is ensuring that customers enjoy a seamless trading experience. In all platforms, you will find essential analytical tools, charts, and indicators to help you make informed decisions. Below are the available options.

Web Trading

It is an award-winning trading proprietary platform that does not require any download. The platform is intuitive, user-friendly, and is a favorite for many Avatrade clients.

AvaTradeGO

AvaTradeGO is a trade on the go app that is very easy to use. It boasts a friendly interface and advanced trading charts and features, which work perfectly on the mobile.

Meta Trader 4

It is the most popular trading platform in the industry. Meta Trader 4 creates a very flexible and powerful suitable for seasoned and novice players. It provides automated trading by using a selection of order types and expert advisors.

Meta Trader 5

This is the next generation of the Meta Trade platform. It offers state-of-the-art capabilities including more technical order types, analysis tools, graphical objects, and time frames. The platform also provides automated trading plus MQL5 coding language. MQL5 allows you to access thousands of signals from international providers.

Mobile Trading

Mobile trading has become so popular in recent days, and most people prefer trading on the go. As such, Avatrade provides a downloadable mobile app AvaTradeGO, which is easy to use and navigate. Using AvaTradeGO allows you to enjoy all the powerful features of MT4. The app is compatible with Android and iOS devices and is available at the Google Play and Apple Store respectively.

It has an intuitive design that makes your trading experience more exciting. You can access all the features, products, and services of Avatrade on the mobile, including a demo account, social trading notifications, customer support, payments, and more. When it comes to performance, this mobile app is fast as long as your internet connection is stable. If you do not wish to download the app, you can use the Safari or Chrome-based version that requires you to log in to your account.

Bonuses and Promotions

Currently, Avatrade does have a welcome bonus for Indian players. However, there is a refer a friend offer that you could take advantage of to boost your bankroll. All you need to do is log in to your account and go to the “ Refer a Friend” section where you get your link. You can now share the link with your friends.

To receive your bonus, the friend must create an account, make a minimum deposit of ₹36700 and open at least 10 trades. The minimum bonus is ₹ 3670, while the maximum bonus is ₹18300, depending on the friends’ deposit.

Customer Support

Avatrade offers a multi-lingual customer support service. You can reach them through live chat, email, and phone call. There is also an extensive FAQ section with answers to common questions about Avatrade.

Here, you will find details on payments, account registration and verification, trading platforms, and more. You can go through the section before contacting the support team. In case you do not find answers to your questions, feel free to reach out for help.

Live chat is the fastest way to contact the support team. You will receive immediate and informative responses to your queries. If you do not have urgent issues or questions, you can send an email to [email protected].

You can also make a phone call through their international helpline +353766705834 if you wish to talk directly to someone. The Avatrade customer support service is impressive.

Conclusion

Avatrade is a reliable broker that we would highly recommend to Indian traders. The platform is regulated worldwide by 7 authorities, meaning it is safe to trade. There is a wide range of trading instruments to choose from, including stocks, ETFs, government bonds, currency pairs, Cryptocurrencies, commodities, and indices. Besides, Avatrade offers enough trading platforms to cater for all types of traders.

In case you love playing on the move, you will appreciate the AvaTradeGO app that has an intuitive design to keep you hooked. The customer support representatives are friendly and professional. They are always available to respond to any personal or technical issues. If you are an Indian trader looking for a trustworthy broker, Avatrade should be your next destination.

FAQ

Avatrade does not offer any bonuses

Play now Play now

Terms & conditions apply

Trading CFDs and FX Options entail risk and could result in the loss of your capital.