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AvaTrade Crypto Review 2024

AvaTrade
4.5

AvaTrade is an award-winning broker that offers investors a chance to trade in cryptocurrencies via CFDs, doing away with the need to set up a wallet and store the digital coins. Regulated across 7 jurisdictions with a global clientele in over 150 countries, AvaTrade offers CFDs in several popular cryptocurrencies like Bitcoin, Ethereum, Dash, Litecoin, Stellar, Shiba Inu, and Polygon. Investors can choose to trade from a variety of platforms, including the proprietary WebTrader, MT4, MT5, AvaOptions, AvaTradeGO, or the AvaSocial app for copy trading.

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Pros & Cons

  • Pros
  • Trading in crypto/crypto and crypto/fiat pairs
  • Wide variety of research tools and useful signals
  • Advanced platforms for copy trading and social trading
  • Educational resources for all levels of traders
  • Cons
  • High inactivity fee

AvaTrade Overview

AvaTrade offers an easy way for beginners to start trading cryptos. In our Daily Crypto review, we found that AvaTrade provides a range of simple and advanced tools for making trading decisionsIt offers crypto leverage of up to 2:1 for EU residents and 25:1 for non-EU residents. Its interface is intuitive, so you can easily track your trades and stop loss orders.

AvaTrade offers trading in cryptocurrencies via CFDs on a variety of cutting-edge platforms that provide traders a simple interface. You can trade more than 15 cryptocurrencies on AvaTrade, which does not charge any commissions or transfer fees.

  • Overall
    4.5
  • Fees
    3.0
  • Deposit and Withdrawal
    4.5
  • Asset selection
    5.0
  • Ease of account opening
    5.0
  • Regulation and Security
    5.0
General info
Headquarters Ireland
Website https://www.avatrade.com/
Website Languages English, Spanish, Chinese, 22+
Regulated check
Country of Regulation Ireland, British Virgin Islands, Australia, South Africa, Japan, Abu Dhabi, Cyprus, Israel
Regulation Type CySEC / ASIC / FSCA / FSC / FSA
Account Base Currencies EUR / USD / AUD / GBP / JPY / CHF / ZAR
Staking and Rewards uncheck
Minimum Deposit $100
Deposit Fee $0
Deposit Types Bank wire / Credit Card / PayPal / Skrill / Neteller
Minimum Withdrawal $0
Withdrawal Fees $0
Crypto-to-Crypto Trading Pairs uncheck
Cryptocurrencies as CFDs check
Islamic Account check
Demo Account check
Research & Education Tools check
Customer Support Email / Live chat / Phone
Customer Support Languages English / Spanish Chinese, 11+ info
Support Days & Hours 24/5
Automated Trading check
Social Trading check
Copy Trading check

Company Background

Founded in 2006 by Emanuel Kronitz and Negev Nosatzki in the Republic of Ireland, AvaTrade is an award-winning online broker that offers CFD trading on a variety of instruments, including the most popular cryptocurrencies. The company has a global presence and is regulated in different regions by bodies like the Central Bank of Ireland, the ASIC (Australian Securities and Investments Commission), Japan’s Financial Services Agency (FSA), and the Financial Sector Conduct Authority (FSCA) in South Africa. It is also compliant with Shariah law for Islamic traders. There are very few crypto CFD brokers more widely regulated than AvaTrade.

AvaTrade has more than 300,000 clients across the globe. It offers excellent customer service, with 16 offices and over 400 employees around the world. AvaTrade has won more than 100 awards in many countries worldwide.

Unique Features

AvaTrade offers both crypto/crypto and crypto/fiat trading. What I liked the most is their learning centre, which has a wide range of educational material, including articles, how-to guides, tutorials, step-by-step explanations of platform usage, and useful tips. They have a variety of proprietary platforms.

AvaTrade’s platforms integrate easily with DupliTrade and ZuluTrade for copy trading, and traders can ask questions of their chosen mentors and learn new trading strategies. AvaTrade also offers the AvaSocial mobile app for social trading.

AvaTrade allows the integration of Capitalise.ai to automate your trading strategies. You can use your own strategy or choose from the large library of tested and proven strategies. AvaTrade offers AvaProtect for risk management. You can also choose Guardian Angel, which is a free trading support tool that gives you feedback on your actions. This helped me identify where I was going wrong and helped improve my decision-making technique.

What is the Downside of AvaTrade?

The biggest downside of AvaTrade is that the inactivity fee is on the high side. However, this is easily avoided by not letting your account fall inactive.

AvaTrade Crypto Fees

AvaTrade does not charge any commission for trading cryptos. Your only costs of trading are the spreads and the overnight fees (if you leave trades open over 5pm New York time), which are relatively low.

FeesAmount
Deposit Fee $0
Credit/Debit card Deposit Fees $0
E-wallets Deposit Fees $0
Bank transfer Deposit Fees $0
Withdrawal Fee $0
Credit/Debit card Withdrawl Fees $0
E-wallets Withdrawl Fees $0
Bank transfer Withdrawl Fees $0
Inactivity Fees check
Swap Fees(Instead of Overnight Fees) check
Spread / Commission Fees check
Currency conversion Fee check
Max Leverage 1:25
Minimum Spread 45.0

Trading Fees

You can trade crypto CFDs without worrying about any commission or additional fee being levied by AvaTrade. They are transparent in their charges and offer quite tight spreads for crypto CFD trading.

AvaTrade does not charge any fees for opening or maintaining the account if you continue trading. There are no charges for making deposits or for withdrawals into your bank account, except for what your bank or other relevant third-party service may charge you.

There is an inactivity fee of $50, €50 or £50 per quarter, depending on the base currency of your account. This is levied if your account remains inactive for more than three consecutive months. Following a year of inactivity, they charge an annual administration fee of $100, €100 or £100.

AvaTrade also charges an overnight fee on open crypto positions, which is a percentage of your open position nominal amount and is charged on those positions that remain open after 22:00 GMT.

Leverage Fees

AvaTrade offers different levels of leverage for different cryptos and applicable differently by region of client residence. AvaTrade charges overnight fees rather than direct fees on leveraged positions – you will pay no additional fee if you do not have any positions open at 5pm New York time.

AvaTrade Payment Methods

AvaTrade accepts payments through wire transfers. This tends to take several days, depending on the bank you are using. They also accept debit and credit cards where account funding is instant. You can also fund your account immediately with transfers using Neteller, Skrill, WebMoney, or Boleto.

Deposit & Withdrawal

AvaTrade offers many convenient methods for deposits and withdrawals. To fund the account, you can use:

  • Wire transfers (takes a few days, depending on your bank)
  • Debit and credit cards (your account may be funded immediately or within a day)
  • Electronic transfers via payment providers like PayPal, Neteller, Skrill, WebMoney, and Boleto (your account is funded immediately)

AvaTrade may offer payment via more or other third parties in your region.

Withdrawals must be made to the same payment method you used to fund the account. This is a regulatory requirement (AML – anti-money laundering). While 100% of your deposit will be sent via the method you used to make the payment, the profits beyond this can be withdrawn with a different method of your choice, provided your account is verified.

Funding methodSupportedMinimum DepositMinimum Withdrawal
Bank wire check $100 $0
Credit Card check $100 $0
PayPal check $100 $0
Skrill check $100 $0
Neteller check $100 $0
FastPay uncheck
UnionPay uncheck
PayRedeem uncheck
PerfectMoney uncheck
POLi Payments uncheck
Przelewy 24 uncheck
Payoneer uncheck
Rapid Transfer uncheck
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AvaTrade Supported Cryptocurrencies

Coin nameCoin SymbolCoin icon
BitcoinBTCBitcoin
EthereumETHEthereum
ChainlinkLINKChainlink
DogecoinDOGEDogecoin
EOSEOSEOS
LitecoinLTCLitecoin
PolygonMATICPolygon
RippleXRPRipple
Shiba InuSHIBShiba Inu
SolanaSOLSolana
StellarXLMStellar
UniswapUNIUniswap

You can also trade Bitcoin against some other cryptocurrencies (BTC/USD, BTC/EUR, BTC/JPY), which gives you more trading opportunities. AvaTrade also offers trading in a crypto index:

  • Crypto 10 Index – this is an index of ten of the most popular coins weighted by market capitalization.

Is My Crypto Safe with AvaTrade?

Crypto trading with AvaTrade is safe. Firstly, it is a regulated broker that has been around for almost two decades. It has a very wide client base, which shows that it is trustworthy. Also, you do not need to buy and hold cryptos. AvaTrade offers crypto CFD trading, which means you are speculating on price movements of cryptocurrencies, rather than buying and selling the actual coins. Since you don’t own the crypto, you needn’t worry about it getting hacked and stolen.

 

AvaTrade Trading Platforms

PlatformSupported
Proprietary Platform check
MetaTrader 4 (MT4) check
MetaTrader 5 (MT5) check
cTrader uncheck
DupliTrade check
ZuluTrade uncheck

Is AvaTrade a Good Crypto Trading Platform?

Yes, I am happy trading with AvaTrade and believe it is a good crypto trading platform for both beginners and seasoned traders. It supports fast trading, has tight spreads, and there is hardly ever any slippage. They don’t charge any commission for trading or fees for deposits or withdrawals. The broker offers a variety of trading platforms. WebTrader is good for its simple interface and many indicators and timeframes. AvaTrade won the Most Trusted Trading Platform 2022 award by International Business Magazine. The AvaTradeGO app is great for trading crypto CFDs on the go. It provides live feeds and social trends from traders on AvaTrade and has several tools for deeper analysis. For copy trading, you can choose DupliTrade. You can automate your trading strategies by using Capitalise.ai.

How Do You Trade Cryptocurrency with AvaTrade?

  • Open an account with AvaTrade and fund the account.
  • Choose the platform on which you wish to begin. If you’re new to trading, you can download MetaTrader 4 or 5 on your computer and mobile phone.
  • Decide which cryptocurrency you wish to trade.
  • Open the dashboard. It lists all the cryptocurrencies with bid and ask prices, as well as the Buy and Sell buttons.
  • If you wish to go long, click/tap on the Buy button. If you believe the price of your chosen crypto will decline, you can choose to go short by clicking/tapping on the Sell button.
  • If you are unsure about making trading decisions, you can begin with social trading via AvaSocial or copy trading on DupliTrade.

How to Open an AvaTrade Account?

It’s easy to open an AvaTrade account by following these steps:

  • Step 1: Register on the AvaTrade website by filling in your name, email ID and phone number. You can also create an account by your Facebook or Google account.
  • Step 2: Verify your email ID from the email sent to your inbox.
  • Step 3: Fill in all the details and provide the documents for your KYC.
  • Step 4: Make your first deposit into your account.
  • Step 5: Choose the platform on which you wish to trade and download it on your PC or phone.

AvaTrade Regulation & Security

Country of the RegulatorName of the RegulatorLicence Number
AustraliaAUSTRAC – Australian Transaction Reports and Analysis Centre406684
British Virgin IslandsBVIFSC – British Virgin Islands Financial Services CommissionSIBA/L/13/1049
PolandPFSA – Polish Financial Supervision Authority693023
British Virgin IslandsFSC – BVI Financial Services CommissionSIBA/L/13/1049
United Arab EmiratesDFSA – Dubai Financial Services Authority190018
South AfricaFSCA – Financial Sector Conduct Authority45984
IsraelISA – Israel Securities Authority514666577
CyprusCySEC – Cyprus Securities & Exchange Commission347/17
JapanJFSA – Japanese Financial Services Authority1574
IrelandCBI – Central Bank of IrelandC53877
AustraliaASIC – Australian Securities & Investment Commission406684

AvaTrade also has other systems in place to ensure security. It has an embedded True-Site identity assurance seal and has 256-bit SSL encryption across the website. Being regulated, it also ensures negative balance protection and segregated bank accounts. They also have an investor compensation scheme in place.

Customer Service

AvaTrade offers customer service through chat, phone, and email. If you’re looking for support in English, they are available from Monday through Friday between 5am to 9pm GMT. For customer support in other languages, like Spanish, French, Italian, Arabic, Russian, Portuguese and German, their representatives are available between 6am to 3pm GMT.

Customer Support
Days Monday to Friday
Hours 05:00 – 21:00
Live Chat check
Email check
Phone check
Supported Languages English / Spanish Chinese, 11+ info
How fast was customer support when we tried? Slow

Why Should I Use AvaTrade?

AvaTrade is a highly reliable and well-established broker that is regulated in various jurisdictions around the globe, including by tier 1 regulators. It offers educational videos, how-to guides and more to help you improve your trading skills. You can use Guardian Angel to identify where you are making mistakes while trading. They also share signals, news, and alerts to help you identify trading opportunities.

AvaTrade has several trading platforms to choose from, including MT4, MT5, AvaTradeGo app, and the browser based WebTrader. Through Trading Central, they offer valuable market insights and intelligence. You can choose from the most popular cryptocurrencies and trade in crypto pairs or crypto/fiat pairs. AvaTrade does not charge any commission. They provide different leverage for different cryptos, which you can see from their dashboard.

AvaTrade maintains transparency, makes trader protection a priority, and provides helpful customer support.

Conclusion

AvaTrade has won more than 100 awards, in categories ranging from best platform to best education. It is an established broker that supports traders with fast and secure trading in the top cryptocurrencies as well as useful educational resources and helpful customer service. It provides commission-free crypto CFD trading and lots of options to provide traders with maximum flexibility to follow the trading style or strategies of their choice. You can also copy the trades or experts or hone your trading skills with your mistakes being pointed out by their Guardian Angel tool. AvaTrade has also partnered with third-party providers of platforms, tools, and market intelligence. All round, AvaTrade is an excellent cryptocurrency CFD broker.

 

FAQ

  • Does AvaTrade offer Crypto?
    Yes. AvaTrade offers crypto CFD trading, which means you can speculate on both rising and falling prices and do not need to worry about keeping the underlying assets safe. They offer CFD trading in the top cryptos. You can trade crypto/crypto pairs as well as crypto/fiat pairs.  
  • Is AvaTrade Legal?
    AvaTrade is legal and holds licenses in countries across the EU and Middle East. It is also regulated in South Africa, Japan, Cyprus, Poland, and the British Virgin Islands.
  • Is AvaTrade regulated in the US?
    No, AvaTrade is not regulated in the United States, and does not accept US persons as clients.
  • Is AvaTrade a trusted broker?
    Yes, AvaTrade is highly trustworthy. It is licensed by top-tier financial regulatory authorities in several countries. It has 16 offices around the world and serves more than 300,000 clients. It has been in operation for close to two decades.
  • Is AvaTrade good for beginners?
    Yes, AvaTrade is good for beginners since it offers a full library of educational resources. It also offers copy trading, social trading, and tools like Guardian Angel, which helps new traders to learn from experts as well as their own mistakes.
  • How much does AvaTrade charge per crypto trade?
    AvaTrade does not charge any commission for crypto CFD trading, but it charges competitive spreads and overnight fees.  
  • Is AvaTrade commission free?
    Yes, AvaTrade does not charge commission on any trade.
  • How much is the minimum deposit at AvaTrade?
    The minimum deposit at AvaTrade is $100, €100, £100 or A$100, depending on the base currency of your account.
  • How much can I withdraw from AvaTrade? What is the minimum withdrawal?
    If you have a verified account, you can withdraw your complete funds. There is no minimum withdrawal amount imposed by AvaTrade, although third party payment processors might impose their own respective minimums.
  • Does AvaTrade have a mobile app?
    Yes, AvaTrade has a mobile app for trading on the go. The AvaTradeGO app includes all the features of MT4, besides offering additional functionalities like social trading. AvaTradeGO is an award-winning app.  
author
About Niki Nikolaou
With 25+ years of financial marketing experience, Niki has an extensive knowledge of the forex, fintech, stocks and cryptocurrency sectors. Niki is a founder and director at the Contentworks agency.