AvaTrade Review

AvaTrade was founded in 2006, known back then as AvaFX, and is based in Dublin, Ireland. Cryptocurrencies, forex trading, equities, commodities, and bonds are just some of the wide range of trading services offered by AvaTrade. It is a truly global broker with offices in multiple countries across the world. Regulated and established, AvaTrade is one of the largest brokers on the scene. Unfortunately, this broker is not available to U.S. customers.

Main Tradable Cryptos

BTC
ETH
XRP
BCH
EOS
LTC

Pros

  • Excellent customer support
  • Great range of cryptocurrencies on offer

Cons

  • Not available in the U.S.
  • Compared to cryptocurrency brokers there aren't many cryptocurrency pairs available

Accounts

AvaTrade has both live accounts and demo accounts available. Signing up is easy!

For your demo account, you can sign up with your Facebook or Google accounts to make the process faster.

The minimum initial deposit on AvaTrade is £100 and the live account opening process is fairly standard: you will need a copy of your passport plus a bank statement or utility bill for proof of address.

You can check out AvaTrade’s platform before giving over any of this information, but you won’t be able to make any trades.

Cryptocurrency Range

AvaTrade has been offering cryptocurrency trading since 2013. They have one of the widest range of cryptocurrencies provided by a forex broker.

They offer cryptocurrency trading 24/7, with the standard overnight fees and spread being their primary method of earning money from your trading.

Currently you can trade Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, Ripple, and EOS through Avatrade with a leverage of up to 2:1.

As usual with Forex brokers in the cryptocurrency trading scene, you will be trading CFD’s which means you will never actually hold any cryptos.

Platform

AvaTrade primarily uses the MetaTrader 4 trading platform. This is offered on web and mobile platforms with not much difference to other competitors who also use MetaTrader 4.

They also have their own mobile platform: AvaTradeGO, available for both iOs and Android.

Currently, their app has 3 stars out of 5 on the app stores. Our experience using the app has been generally quite good with a few issues of the app crashing – but this was rare.

Customer Support

Customer support with AvaTrade is great and thorough.

Multilingual support is on offer, with customer support available 24/5. You can reach support through live chat, email, social media, or phone making it very easy to get in touch with them.

AvaTrade offers localized customer support phone numbers which makes it even more accessible and tailored to your location and language. This is one of the best customer support offerings we have seen yet.

Their FAQ is quite extensive. They provide information on how to trade cryptocurrencies as well as information about each available cryptocurrency available.

Aside from that, they have a standard FAQ section for questions regarding their platform, account questions, etc. If you can’t find anything you can contact their customer support for more help.

Conclusion

Overall, AvaTrade offers a decent set of cryptocurrencies that you can trade with competitive spreads alongside them.

With a good reputation and standing in the trading world, AvaTrade offers high quality customer support for multiple regions.

Below we have outlined the pros and cons for AvaTrade. Have a read through and if you think you’d like to trade with this broker, you can sign up here.

We have other broker reviews available, so if you’d like to check out a few different ones, have a look at the menu to the right.

Pros

  • Standard and simple process

Cons

  • Doesn't accept U.S. clients

Pros

  • Web and Mobile platform available
  • Choice between MT4 or their own app
  • Available for Mac

Cons

  • Mobile app has been known to crash

Pros

  • Regulated in multiple countries
  • Established forex broker

Pros

  • Competitive spreads
  • Decent cryptocurrency range

Pros

  • Multiple ways to get in touch
  • Multilingual support
  • Localized support

Cons

  • Slow to respond at times

This post contains affiliate links which means we might receive a commission when you use this broker. You can check out our disclaimer here.