- Best Forex Brokers
- AvaTrade
AvaTrade
AvaTrade scored a full 100 points in our TrustScore evaluation. We confidently recommend this broker.
Quick summary
- Regulatory licenses granted in 5 different continents
- Partnership with Manchester City Football Club
- 24/7 support in 15 languages
- Multiple trading platform options
- Easy to use, hundreds of instruments available for trade
What better partnership to demonstrate an eye for success than to partner with English Premier League giants and current league champions Manchester City? That’s exactly where AvaTrade have ventured and it clearly shows their intent in becoming a brand at the top of the forex industry.
Their point of difference, and a very important one at that is the fact that they are regulated across 5 different continents, with licenses in Europe (Ireland), Asia (Japan), Oceania (Australia), Africa (South Africa) and North America (British Virgin Islands). This is quite a rare feat in the industry and we give AvaTrade full marks for making regulation compliance a top priority.
Customer support at AvaTrade is world class, with 24 hour live customer service available in 15 different languages.
Trading is easy and can be done through the industry standard MetaTrader 4 or AvaTrade’s proprietary solution called AvaOptions. Both are available on desktop, mobile or web.
Licenses
As mentioned, AvaTrade hold regulatory licenses in the following countries:
- Australia
- Ireland
- South Africa
- Japan
- British Virgin Islands
Trading Platforms
AvaTrade clients can trade using either the popular MetaTrade 4 platform or use AvaTrade’s own platform called AvaTradeGO. Both platforms are available for computers and mobile phones. Additionally, clients can use the web based trader to access their account from any browser.
AvaTrade Deposit Bonus Codes & Promotions
AvaTrade regularly have promotions for new clients who sign up to trade. Typically, new clients are offered bonus funds added into their account as long as they deposit a set minimum amount.
What is Trust Score?
This is a rating out of 100 which we calculate for each broker based on a combination of factors, all of which you will find below on the scorecard.
Every broker starts with a base score of 100 and we subtract points according to what criteria they match in each category.
Whilst Trust Score provides a good insight into the broker’s reputation, our overall rankings are based off our own thorough reviews plus the user reviews. Therefore, brokers with a high Trust Score aren’t always guaranteed to be ranked at the top.
AvaTrade Scorecard – 100 / 100
Major sponsorships: AvaTrade sponsors English Premier League side Manchester City FC who are the 2017/2018 champions.
| Category & Criteria | Point Deduction | Score |
|---|---|---|
| Years in operation | ||
| Over 10 years | 0 | 0 |
| Between 5-10 years | -1 | 0 |
| Between 1-5 years | -2 | 0 |
| Less than a year | -10 | 0 |
| Contact methods | ||
| No phone number | -10 | 0 |
| No e-mail address | -10 | 0 |
| No live chat | -2 | 0 |
| Social media accounts | ||
| No Facebook page | -5 | 0 |
| No LinkedIn page | -5 | 0 |
| No Twitter account | -3 | 0 |
| No YouTube channel | -1 | 0 |
| No Google+ account | -1 | 0 |
| No Instagram account | -1 | 0 |
| App acceptances | ||
| Not on Apple App Store | -5 | 0 |
| Not on Google Play | -5 | 0 |
| Major partnerships / Public Exposure | ||
| No major partnerships | -5 | 0 |
| Client security | ||
| No negative balance protection | -20 | 0 |
Forex brokers who are listed on our website must be regulated with at least one regulatory body.