Ava Trade Broker Review
Ava Trade Broker Review – Overview
Avatrade are a CFD and Forex broker based out of Ireland and have been operating since 2006; one of the oldest online trading firms around. They offer a number of platforms, including MT4 and their web browser based platform as well as their proprietary desktop software called AvaTrade. They have clearly not put much development work into their browser software and their desktop is where their priorities lie. They don’t have the best spreads on the market by any means and they lack depth in the tradeable products.
Ava Trade Broker Review – Products and Spreads
AvaTrade came last in our spread comparison for CFD brokers, and being honest the poor usability of their platform made it quite difficult to see what the spreads were regardless. They don’t offer much beyond the Major FX and some basic commodities and indices and their equities offering is mostly focussed on large US and UK companies. The spreads leave something to be desired as well – 4 pips on GBPUSD, 3 pips on EURUSD.
Ava Trade Broker Review – Interface and Platforms
The web platform is very much a cut back execution only platform. It is literally a set of boxes, one for each product they offer, with buy and sell written on them. If you know what your trade is and all you want to do is log in and trade, then so be it. Their main trading software is in the form of a downloadable desktop application and an MT4 Option. Their AvaTrade proprietary software is OK, with a decent skin, but it does contain a lot of good features, many of them similar to MT4, to which it bears a resemblance. They also do a Robot based algo-trading service with the software that is relatively widely used, but please do your own research on that before signing up!
Ava Trade Broker Review – Service
With AvaTrade you will have access to a dedicated Account Manager and customer service in 14 languages. They are a global broker servicing many areas of Europe, but also Japan, Australia and elsewhere.
Ava Trade Broker Review – Safety
AvaTrade are regulated by the Central Bank of Ireland, where they are also based. They have a number of other regulatory districts, but the main two of the FCA or CySec are not represented. They ASIC regulated in Australia, however, which is generally considered as the 3rd best regulatory body outside of the United States.
Ava Trade Broker Review – Conclusion
It is hard to recommend AvaTrade if you wish to use them as a manual trading broker. Their spreads are high and they don’t offer many products. Additionally, their web front end is too basic to be of much use and their desktop software is OK but not amazing. However, they are frequently and happily use for their Mirror Trader software which provides automated trading capabilities. If you don’t want to use MT4 then they are probably one of the better options for algo trading and robots available in the CFD space.