AvaTrade.com Review Visit site

Hello! My name is Alexander Prosin. My account number on AvaTrade.com is 6036939.
 On March 26, 2020 I replenished my account with AvaTrade.com for $ 474.37. On March 29, 2020, I made a profit of $ 3,313. Then, within a week, I withdrew 3287 USD in several transactions. This week, from March 29, 2020 to April 3, 2020, I did not make any transactions on the account, as evidenced by the history of transactions in MT4 (there are screenshots). On April 3, 2020, after transferring 10 USD from account 6036939 to account 6036297, 490 USD remained on account 6036939. But on April 3, 2020 at 15:08 (according to the time of the trading terminal), all remaining money was deducted from my account, that is, an amount of $ 490. My account is reset. It was 490 USD, it became - 0 USD. However, I did not make a single transaction.
The write-off comment states: "Roll Over Adjustment". That is, if I understand correctly, AVATrade.com wants to explain this write-off as a fee for transferring the position to the next day? Then the question is: why did the company wait a whole week before debiting my money? After all, I opened the deal on March 26, 2020 and closed it on March 29, 2020, and the position transfer fee was written off only on April 3, 2020. And this is a very large position transfer fee - 490 USD. Don't you think? At the same time, I replenished the account with only 474 USD. This is similar to AVATrade.com fraud. I think they just appropriated my money, referring to Roll Over.
I ask AVATrade.com to cancel the illegal debit from my account 490 USD and return my money, in the amount of 490 USD, to my account 6036939.

MT4 Account Details
Login: 76040578
Server: Ava - Real 3
Currency: USD
AvaTradeGO App


Customer ID = А10718036

There is no withdrawal done for 14 days, no response from customer services either probable problems?

Customer services not aware which entity I am a client of and do not have a copy of my customer agreement

Your query #361074 is still being reviewed

Watch out for a very sneaky trick employed by AVA Trade. If you have say a buy limit order on over the weekend and lets say Crude oil closes @ $42 on a Friday and opens on Monday @$32 AND you have buy limit orders for $40, $38 and $36 Well well AVA , After the market opens, will go and open your orders NOT at the open price, like every other regulated broker in Australia but at the buy limit price. This violates best practice in acting in the clients best interest . This is unethical practice. Whilst it is hidden in their terms and conditions under the guises "Guaranteeing your order price" it clearly is not in the clients best interest. This is a sneaky tactic and one that is outlawed in most countries and certainly not endorsed or practiced by any other broker. Trader beware this can wipe your account overnight . These are lowlife tactics the likes of Scam brokers employ

Didn’t have much trust in cryptocurrencies brokers, and apart from that I wanted to trade forex as well. Under these circumstances AvaTrade was a real find. They have various assets: fiat currencies, CFDs and cryptocurrencies as well. Even though most assets quotes stop for trading halt on the weekends, cryptocurrencies still can be traded on Saturday and Sunday.

i have been with AVATRADE since 2019 September. and below are my honest review.

1. Deposit, the first deposit from any new card normally credit into your account within 2-3 hours, any following deposit from that card's deposit are credit into your account immediately.

2. Withdraw. i have only done 2 withdraws so far, but they were processed quickly. i received both money within 3 working days. i can not say any further withdraw will arrive on time. but for my previous 2, it was great.

3. Spreads. Spreads are OKAY. they offer average Spreads, some instrument are good, you just need to find out which one they listed has good spreads and trade those instrument. some are better than other broker and some are worse than others.
i see a lots of people here are blaming they widing their spreads. please go and check every single broker in the Market, none of them always provide the same Spread, during low liquidity hours and news events they ALL SAME, which is wide the spreads. also if you have chosen to trade at the very beginning of the asia session starts (after 10pm UK time), then you should accept that the spread are SUPER WIDE for the first 1 or 2 hours, after that period spreads are going back to normal, so choose your trading hours wisely if you are a scalper or short term trader.

4. Slippage. i normally can't notice if there are 1 or 2 point slippage when place the market order trade. but i myself experienced a noticeable slippage once. i was trading GBPAUD 1 lot size. but i forgot what event was happening. my sell stop order was executed, however it was far away from my sell stop point, i should have start to profit but it was executed at the bottom of that candle and the market was bounce up immediately. i was floating lose 700 GBP immediately which is about 100 pips slippage, i emailed my account manager, and he said it was due to the slippage... okay. i then decide to hold this trade for few days and finally this position was recovered. However slippage is somehow big problem at news events.

5. Swap fee. i think they have put their swap fee to cheaper price. as most of the swap offered from avatrade for short position are 0 so they lowered their Long position fees. i treat this is Good. other brokers are giving small positive swap fee on long/short and give significant negative fees on long/short to that instrument.

6. Customer service. Every time i ping their Customer service on their LiveChat. they give quick response and helped me to deal my questions. Overall it was good experience.

7. Execution time. the trade execution time is OKAY. my connection to the server is about 10ms. but i feel unnoticeable laggy on placing trade. it's just very little, you can't see it from the screen. but you can feel it.
when you place the trade at the same time from another broker to compare the execution speed, you will notice that there is very small laggy from avatrade.

8. Bonus. i keep receiving calls from account manager offer me to top up certain amount then i can get bonus. Bonus is good, you can trade lager position with it. but with bonus activated, unless you traded certain volume you can not make withdrawal including your deposit. you either 1. trade enough volume to turn bonus withdrawable 2. cancel the bonus and withdraw your money.

Above is all my reviews. i will add some more if i got some up or anything got changed.

Avatrade is a kind of a brokerage that can be really trusted. That was, actually, the only one reason why I've choose it. Almost all brokers are the same, that's true. I mean in general, details of course may vary. However, the only thing that's the HIGHLY varied is regulations and client support. Avatrade is extremely good in this regard, it's regulated in the EU, Australia, South Africa and so on. It's extremely important question for me, as I see it, as it's the most important for every trader. How can I trade with a brokerage, if there's doubts in its reliability? I don't know how you deal with this, but I simply can't trade in such conditions, so my choose was obvious - AvaTrade, regulated and, as a result, trusted brokerage.

For me the fact that AvaTrade company was founded 15 years ago and has got licenses all over the world - that was the crucial fact to choose this particular broker. I’ve had enough of excuses from my other broker why they can’t execute my orders fast enough (market conditions), why funds transfer can’t be completed in a week bank-side troubles), why they can’t offer decent support (the policy is to reply within 24 hours) - no more excuses with AvaTrade. Market conditions, banks, policies are totally same,but here withdrawals arrive same or next day, order get executed fine, support works totally fine. I recommend trying!

AVOID THIS BROKER

After seeing their ads on various websites through the internet I made a decision to register myself with them (AVA TRADE). One the exact day that I opened account my so called account manager started to call me over and over and his aim was to insist me on making a deposit and by how much I am expecting to deposit

After few days of receiving their calls and emails in which they tried to fill me information about their transparency and loyalty to their clients I finally decided to make a deposit using Skrill just to see how deposits are being processed to their end.

This is my Account ID: 75135489

Unfortunately, they claimed that my transaction has been cancelled by me!!! While on My Skirll account it shows that transaction has been received successful by AVA TRADE.

After sending them proof of deposit from My Skrill account, they came up with this new story of having technical issues and their IT DEPARTMENT is working very hard trying to resolve my matter.

On 15th February I went back to them asking about my issue if it had been resolve and they responded that they have escalated the case to a relevant department. From that date till yesterday, they keep on telling me the same thing that they have escalated my matter to relevant department and even when I am contacting their live chat assistant claiming for more information about this issue he is replying by saying that "WE DO NOT HAVE ANY NEW INFORMATION WHICH YOU DON’T KNOW"

All I want is for those who did not yet register with this s*** broker please kindly don't do so, your hard earned money will go to waste. They don't care about customers rather than scamming hundreds of people everyday to join them. They take us for granted, they are treating us like we are their piggy banks. My fellow traders know your worth and act smart. Don't Fall for their words

SHAME ON YOU AVATRADE

It's the best broker I've ever tried, I'm extremely satisfied! No new-fashioned custom platform with dirty hacks built in that customers will never know of, no personalized news feed and nothing they don't need. Regular brokerage with regulat trading platfrom. AvaTrade just offers good service. Their support service is 10 out of 10. Managers are very friendly, and their support team is very fast. Flash-speed executions. One of the best brokers for sure.

AvaTrade is a nice regulated brokerage. You might know that in every jurisdiction a broker must have a special license to work. This broker has managed to acquire such a license in all major jurisdictions, which makes it a reliable partner in my opinion. I also think that some traders like me will apreciate the variety of trading assets with a dozen of different cryptocurrencies available there as well. Good attitude from customer's support and their helpfulness is yet another advantage. Spreads and commissions are about average, withdrawals are not immediate, but normally take under 2 days to get completed.