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AvaTrade Review
Overall, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 100. AvaTrade is licensed by five Tier-1 Regulators (high trust), five Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). AvaTrade offers Vietnam traders a single live trading account with the option between Retail and Professional.
- Lesche Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawals
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 2444503 VND
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
The broker provides leverage up to 1:400, a higher leverage ratio than other brokers. The broker does, however, provide a low-leverage option for traders who prefer to trade with less risk.
Furthermore, AvaTrade requires a $100 minimum deposit to open an account, which is reasonable for a forex and CFD broker. They accept various deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets.
Vietnamese traders benefit greatly from the fact that all deposits and withdrawals are free of charge.
Top 3 User Reviews
- Ethan Le (September 2023) “My experience with AvaTrade has been positive. The account manager was very helpful in setting up my account. I look forward to funding it soon and starting my trading journey.”
- Amelia Pham (September 2023) “I appreciate the assistance I received while setting up a real account with AvaTrade. I had been trading on a demo account for a month, and the regular contact from the support team was very helpful as I familiarized myself with the platform.”
Advantages that AvaTrade has over competitors
- Competitive Spreads: The broker provides competitive spreads on various instruments, making it an appealing option for traders looking to minimize trading costs.
- They provide a variety of automated trading software bundles designed to assist traders in automating their trading strategies. These software packages are ideal for day traders who want to capitalize on market opportunities immediately.
- AvaTrade’s copy trading feature allows traders to replicate the trades of other successful traders. This feature is ideal for beginners and experienced traders who want to diversify their trading strategies.
- The broker provides several customizable trading platforms, including MetaTrader 4 and 5 and its own AvaTradeGO app. These platforms are intended to meet the needs of traders of all skill levels, from novice to expert.
- AvaTrade provides a comprehensive trading academy with many educational resources, including webinars, video tutorials, and eBooks. These resources are intended to assist traders in honing their trading skills and making better trading decisions.
- They have a dedicated and multilingual customer support team available 24 hours a day, seven days a week, via phone, email, and live chat. This team is well-known for its quick responses and high-quality service.
Who will Benefit from Trading with AvaTrade?
Active Traders
The broker offers competitive forex spreads starting at 0.9 pips, making it an appealing choice for active traders looking to minimize their trading costs.
Beginner Traders
The broker is perfect for beginner traders who value simplicity and ease of use. With a user-friendly interface supported by a dedicated customer support team and account managers, navigating the platform’s features will be effortless, even for beginners.
Moreover, AvaTrade offers an extensive trading academy with various educational resources like webinars, video tutorials, and eBooks to help traders enhance their trading skills while making wiser decisions in the market.
Traders who want to choose from a range of platforms
They understand the distinct needs and preferences of traders, which is why they offer a variety of personalized trading platforms.
These platforms, such as MetaTrader 4 and 5 and the AvaTradeGO app, cater to individuals at all levels – from novices to experts. Additionally, the broker provides an easy-to-use dashboard with social trading capabilities and notifications for updates or potential opportunities.
Experienced and Professional Traders
AvaTrade offers a range of automated trading software packages that empower traders to automate their strategies and promptly seize market opportunities. These packages cater to experienced traders seeking to capitalize on advantageous conditions without delay.
Moreover, they provide copy trading functionality, enabling skilled traders to mirror the success of others effortlessly while enriching their repertoire of techniques.
Is AvaTrade suitable for copy trading?
Yes, the broker is well-known for its copy trading capabilities, with platforms such as AvaSocial, ZuluTrade, and DupliTrade.
How diverse is AvaTrade’s product offering?
The broker has over 1,260 symbols on MT5 and nearly the same number in WebTrader.
AvaTrade At a Glance
| 🏛 Headquartered | Dublin, Ireland |
| 🌎 Global Offices | Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE |
| 🏛 Local Market Regulators in Vietnam | The State Bank of Vietnam (SBV) |
| 💳 Foreign Direct Investment in Vietnam | 22.40 billion USD (Dec 2022) |
| 💰 Foreign Exchange Reserves in Vietnam | 85,801 million USD (Feb 2023) |
| ✔️ Local office in Hanoi? | No |
| 👨⚖️ Governor of SEC in Vietnam | SBV Governor, Nguyen Thi Hong |
| ✔️ Accepts Vietnam Traders? | Yes |
| 📊 Year Founded | 2006 |
| 📞 VietnamOffice Contact Number | None |
| 📱 Social Media Platforms | Instagram YouTube Telegram |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 1️⃣ Tier-1 Licenses | Central Bank of Ireland (CBI) Australian Securities and Investment Commission (ASIC) Japanese Financial Services Authority (JFSA) Financial Futures Association of Japan (FFAJ) Investment Industry Regulatory Organization of Canada (IIROC) through Friedberg Mercantile |
| 2️⃣ Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA) Israel Securities Authority (ISA) Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FRSA) Polish Financial Supervision Authority (KNF) |
| 3️⃣ Tier-3 Licenses | British Virgin Islands Financial Service Commission (BVI FSC) |
| 🪪 License Number | Ireland (C53877) Australia (406684) South Africa (45984) British Virgin Islands (SIBA/L/13/1049) Japan (JFSA 1662, FFAJ 1574) Abu Dhabi (190018) Cyprus (247/17) Israel (514666577) Poland (693023) Canada (Friedberg Mercantile) |
| ⚖️ MFED, BoB, or NBFIRA Regulation | No |
| ✔️ Regional Restrictions | United States, Belgium, Syria, Iran, New Zealand, Cuba |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 1 |
| ✔️ PAMM Accounts | MAM Accounts |
| 💻 Liquidity Providers | Currenex and other bank and non-bank entities |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Instant |
| 📊 Starting spread | 0.9 pips EUR/USD |
| 📉 Minimum Commission per Trade | None; only the spread is charged |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 50% on Retail 25% on AvaOptions Accounts |
| 🛑 Stop-Out | 10% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a VND Account? | No |
| 📉 Dedicated Vietnam Account Manager? | No |
| 📈 Maximum Leverage | 1:30 (Retail) 1:400 (Pro) |
| 📊 Leverage Restrictions for Vietnam? | Yes, based on trading experience |
| 💳 Minimum Deposit (VND) | $100 / 2456996 VND |
| ✔️ Vietnamese Dong Deposits Allowed? | No |
| 📊 Active Vietnam Trader Stats | 90 million+ |
| 👥 Active Vietnam-based AvaTrade customers | Unknown |
| 🔁 Vietnam Daily Forex Turnover | 9.9 billion USD (2019) |
| 💰 Deposit and Withdrawal Options | Wire Transfer Electronic Payment Gateways Credit Cards Debit Cards |
| 💻 Minimum Withdrawal Time | 24 to 48 Hours |
| ⏰ Maximum Estimated Withdrawal Time | Up to 10 days |
| 💳 Instant Deposits and Instant Withdrawals? | No |
| 🏛 Segregated Accounts with Vietnam Banks? | No |
| 📱 Trading Platforms | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💻 Tradable Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-traded funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| ✔️ Offers USD/VND currency pair? | No |
| 🚀Service description | financial instruments and multiple trading platforms, operating since 2006. |
| 💰 Bonus 20% | welcome bonus accordengly to regulation |
| 📊 USD/VND Average Spread | N/A |
| ✅ Offers Vietnam Stocks and CFDs | No |
| 📊 Average deposit/withdraw processing time | Depends on the method used. – CC and e-payments is immediate. Bank wire can take up to 7 business days depending on the banking institution |
| 🔎 Banned countries | US, North Korea, New Zealand, Iran, Belgium |
| 💻 Languages supported on the Website | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others |
| 📈 Related lot sizes | Standard, Mini and Micro lots size |
| 👥 Sponsorship | Currently with Bolt |
| ✴️ Instruments offered | 800+ |
| ✴️ Instruments | Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds |
| ✴️ Total offered per instrument | CFD – Agricultural =7 CFD – Crypto = 20 CFD – EFTs = 60 CFD – Energies = 5 CFD – Indices = 32 CFD – Metals = 7 CFD – Shares = 623 Forex = 55 GRAND Total = 809 |
| ☎️ Customer Support Languages | Multilingual |
| 📈 Account Types | Real Account, Demo Account, Islamic Account. Options Account |
| 📈 Demo Account Description | Free Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Vietnam-based customer support? | No |
| 💸 Bonuses and Promotions for Vietnam? | Yes |
| 📚 Education for Vietnamese beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Is AvaTrade a safe broker for Vietnamese traders? | Yes |
| 🎖 Rating for AvaTrade Vietnam | 9/10 |
| 🥇 Trust score for AvaTrade Vietnam | 93% |
| 👉 Open Account | 👉 Open Account |
Regulation and Safety of Funds
AvaTrade Regulation in Vietnam
The broker is not currently regulated by the State Bank of Vietnam (SBV). However, there global regulations are listed in the table below.
Global Regulations
| Registered Entity | Country of Registration | Regulatory Entity | Tier | License Number/Ref |
| AVA Trade EU Ltd | Ireland | CBI | 1 | C53877 |
| DT Direct Investment Hub Ltd. | Cyprus | CySEC | 2 | 247/17 |
| AVA Trade EU Ltd | Poland | KNF | 2 | 693023 |
| AVA Trade Ltd | British Virgin Islands | BVI | 3 | SIBA/L/13/1049 |
| Ava Capital Markets Australia Pty Ltd | Australia | ASIC | 1 | 406684 |
| Ava Capital Markets Pty | South Africa | FSCA | 2 | FSP 45984 |
| Ava Trade Japan KK. | Japan | JFSA, FFAJ | 1 | JFSA 1662 FFAJ 1574 |
| Ava Trade Middle East Ltd | UAE | ADGM | 2 | 190018 |
| ATrade Ltd | Israel | ISA | 2 | 514666577 |
| Friedberg Direct | Canada | IIROC | 1 | Friedberg Mercantile |
Client Fund Security and Safety Features
Security while Trading
- They operates per international financial standards and anti-money laundering policies, ensuring transparency and integrity. Several top-tier financial authorities worldwide regulate the broker, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), and others.
- The brokers customer service team can help with security concerns, giving clients added peace of mind.
- The broker is subjected to regular audits by top-tier authorities to ensure regulatory compliance. These audits provide clients with an additional layer of oversight and security.
- AvaTrade uses SSL encryption to secure data transmission on its website and trading platforms. This encryption technology ensures the safe transmission of personal and financial data over the internet, preventing unauthorized access.
- AvaTrade keeps client funds separate from its own operating funds, ensuring that they are not used for the broker’s business activities and are safe in the event of the company’s insolvency.
- AvaTrade provides various risk management tools, including stop-loss orders, to assist traders in effectively managing their risks. These tools are critical for safeguarding investments against large losses.
- They offers 2FA, an additional layer of security that requires not only a password and username but also something only the user has on them, such as a piece of information they should know or have easily accessible.
What measures does AvaTrade take to prevent credit card fraud and identity theft?
To combat credit card fraud and identity theft, the broker employs McAfee Secure (HackerSafe).
Is AvaTrade compliant with industry standards?
Yes, the broker is WebTrust compliant.
Awards and Recognition
The broker received the following recent awards and recognition:
- Top 10 Hot Brands of the Year (2023) – The Ceoviews.
- Most Trusted Broker (2023) – International Investor.
- Best Mobile Trading Platform in Spain (2023) – Finance Derivative.
- Best Affiliate Program UAE in 2023 – awarded by the Global Business Review Magazine
Has AvaTrade received any awards for its services?
Yes, These awards often acknowledge there excellence in areas such as customer service, trading platforms, educational resources, and overall broker performance.
Which awards has AvaTrade won recently?
The broker dedication to excellence has been consistently recognized by industry peers.
AvaTrade Account Types and Features
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | ✔️ Commissions | 📈 Average Trading Cost |
| Standard Account | $100 / 2456996 VND | 0.9 pips | None | 9 USD |
| Islamic Account | $100 / 2456996 VND | 0.9 pips | None | 9 USD |
| Professional Account | $100 / 2456996 VND | 0.6 pips | None | 12 USD |
Retail Investor Account
The broker has created the Standard Retail Account for Vietnamese traders who want to enter global markets. This account is designed for traders and intermediate investors and offers a range of features tailored to meet their needs.
The standard retail account has some of the following features:
| 💻 Account Features | 🥇 Value |
| Minimum Deposit Requirement | 100 units in ZAR, USD, GBP, or AUD, equal to 2.4 million VND |
| Base Account Currency Options | ZAR, USD, GBP, or AUD |
| Maximum Leverage | 1:30 (Retail) 1:400 (Professional) |
| Range of Markets Offered | More than 1,260 tradable instruments |
| Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| Commissions on trades | None |
| Average spreads | From 0.9 pips EUR/USD |
| Margin Requirements | From 0.25% when using leverage of 1:400 |
| Customer Support Channels | Social Platforms Email Request Telephone Live Chat |
| Trading Strategies Allowed | All |
Professional Account
AvaTrade’s Pro account, which is exclusive to accredited Vietnamese traders, offers a variety of benefits, the most prominent of which are reduced spreads and the absence of trading fees.
In stark contrast to the Standard account’s average EUR/USD spread of 0.9 pips, the Pro account’s average EUR/USD spread of 0.6 pips significantly increases its appeal among traders.
Pro account holders can seamlessly integrate with DupliTrade or ZuluTrade, enhancing their trading capabilities. To qualify for an Professional Account, the following requirements must be met:
- At least twelve months of uninterrupted participation in the relevant financial market, including ten CFD, Forex, or spread betting transactions over the preceding four quarters.
- At least one year of experience in the financial services industry is required.
- Maintain an investment portfolio with a minimum value of €500,000 (or equivalent in other currencies), including cash and financial instruments.
Spread Betting Account
The broker does not provide spread betting to Vietnamese traders.
Base Account Currencies
The base account currencies available to Vietnamese include the following:
- ZAR
- USD
- GBP
- AUD
Basic Order Types
- Market Order – A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your platform’s chart. If you place a market order, you will be immediately entered at the best available price.
- Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at market to enter the trade immediately.
- Stop Order – A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
- Limit Order – Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
- Limit orders can be either buy or sell limits, depending on the market’s direction before your anticipated reversal.
- A sell limit is used to sell above the market, while a buy limit is used to purchase below the market.
Demo Account
The broker allows Vietnamese traders to engage in risk-free learning and platform testing with a free demo account. This feature benefits beginners, allowing them to gain experience without financial risks.
The purpose of this educational tool is solely for learning purposes and comes equipped with a virtual fund that goes up to $100,000.
With this abundant amount, traders can try different strategies and explore various markets on AvaTrade’s platform without worrying about potential losses associated with live trading.
This preparatory phase ultimately equips these Vietnamese traders before they embark upon actual live trading ventures using real funds should they choose so – making sure they possess considerable knowledge before stepping into investment activities involving genuine cash resources.
Islamic Account
Theyoffers the Islamic Account as a specialized solution for Vietnamese Muslim traders who adhere to Sharia law principles.
This unique account type ensures compliance with religious tenets by eliminating interest and swap fees per Riba regulations. With an Islamic account, traders can hold positions without incurring rollover fees for up to five days.
In addition, AvaTrade offers halal trading opportunities for gold, silver, oil, and stock indices on Islamic accounts.
What are the key features of AvaTrade’s professional account?
A professional account provides tight and fixed spreads, commission-free trading, and other advantages to improve trading competitiveness.
In which currencies can traders fund their AvaTrade account?
The brokers accounts can be funded in USD, EUR, GBP, ZAR, and AUD.
AvaTrade vs. Exness vs. FBS – A Comparison
| 🥇 AvaTrade | 🥈 Exness | 🥉 FBS | |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | IFSC, CySEC, ASIC, FSCA |
| 📱 Trading Platform | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | MetaTrader 4 MetaTrader 5 FBS Trader CopyTrade |
| 💰 Withdrawal Fee | No | No | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | $100 / 2456996 VND | $10 / 244450 VND | $5 / 122525 VND |
| 📊 Leverage | • 1:30 (Retail) • 1:400 (Pro) | Unlimited | Up to 1:3000 |
| 📊 Spread | Fixed, from 0.9 pips | Variable, from 0.0 pips | From 0.0 pips |
| 💰 Commissions | None | From $0.1 per side, per lot | From $6 |
| ✴️ Margin Call/Stop-Out | • 25% – 50% (M) • 10% (S/O) | 60%/0% | 40%/ 20% |
| 💻 Order Execution | Instant | Market | Market |
| 💳 No-Deposit Bonus | No | No | Yes |
| 📊 Cent Accounts | No | Yes | Yes |
| 📈 Account Types | • Standard Live Account • Professional Account Option | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account | Cent Account Standard Account Pro Account |
| ⚖️ SBV Regulation | No | No | No |
| 💳 VND Deposits | No | Yes | Yes |
| 📊 Vietnamese Dong Account | No | Yes | Yes |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 📊 Retail Investor Accounts | 1 | 5 | 6 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited | Unlimited | 500 lots |
| 💰 Minimum Withdrawal Time | 24 to 48 Hours | Instant | 15 to 20 minutes (maximum 48 hours) |
| 📊 Maximum Estimated Withdrawal Time | Up to 10 days | Up to 72 hours | Up to 7 days |
| 💸 Instant Deposits and Instant Withdrawals? | No | Yes | Instant Deposits |
How to open an AvaTrade Account – A Step-by-Step Guide
To open an account with AvaTrade, Vietnamese can follow these steps:
Step 1 – Open up the Avatrade Website.
navigate to the website and select the “Demo Account” option
Step 2 – Insert your credentials.
This will redirect the trader to a registration page where the trader can register using their Facebook or Google credentials, or they can register by providing their First and Last name, email address, and mobile number.
Step 3 – Click on one of the options to proceed.
Once this has been completed, the trader can select to proceed, and registration on the website will have been successful.
Step 4 – Verify and log into your account.
Traders will receive an email to the address that they provided with confirmation that their demo account registration has been successful. The email address will also contain the trader’s login details and relevant links to the website where they can start using their demo account.
When it comes to signing up, the procedure is simple. Traders may join by going to the website and selecting the appropriate option. Before their account can be validated, they must complete an online form, verify their email address, and submit supporting evidence.
With only a few clicks of the mouse, traders may fund their trading accounts and begin trading immediately. Traders may also count on AvaTrade’s helpful customer care for assistance.
After creating my profile on AvaTrade, what should I do next?
Once your profile is complete, you must make a deposit, select your starting budget, and fund your account before you can begin trading.
How can I access the MetaTrader 4 trading platform on AvaTrade?
After logging into MetaTrader 4, click on “My Account,” then “Online trading,” and a new window with the MetaTrader 4 trading platform will open.
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 2444503 VND
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
AvaTrade Trading Platforms
Offers Vietnamese traders a choice between these trading platforms:
- AvaTradeGO
- AvaOptions
- AvaSocial
- MetaTrader 4
- MetaTrader 5
- DupliTrade
- ZuluTrade
- AvaProtect
- Trading Central
Desktop Platforms
- MetaTrader 4
- MetaTrader 5
- ZuluTrade (through MT4)
MetaTrader 4 and 5
The broker provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both tailored to specific trading needs. MT4 is primarily designed for Forex trading and includes 24 graphical objects, 30 built-in indicators, algorithmic trading support, and customizable features.
MT5, on the other hand, is a more advanced version that extends trading capabilities to all AvaTrade assets and includes a broader range of technical indicators and analytical tools. These two platforms cater to a wide range of trader preferences and goals.
ZuluTrade (through MT4)
ZuluTrade is meticulously designed to meet the needs of traders of all skill levels, with an easy-to-use interface and layout.
A curated selection of reputable traders, ZuluGuard for trade protection, and real-time sharing and monitoring of trading strategies are all noteworthy features. ZuluTrade is accessible via the web, MT4, or a downloadable app, fostering a sense of community among traders.
WebTrader Platforms
- AvaTrade
- MetaTrader 4
- MetaTrader 5
- DupliTrade
AvaTrade
The AvaTrade WebTrader is a perfect tool for people interested in trading but who do not have the time or inclination to do significant market research. It requires no installation and is accessible from any browser on any system.
MetaTrader 4
MetaTrader 4 enables the creation, modification, and application of automated trading systems. Each piece of software that may be used for automated or algorithmic trading is available in the MQL4 integrated development environment (IDE) (integrated development environment).
MetaTrader 5
MetaTrader 5 supports MQL5, a more complex version of the MQL5 standard, for the development of financial applications. MT5 has all the tools necessary for a skilled trader to succeed in today’s unpredictable markets. Nevertheless, the comparable design enables a smooth transfer from MetaTrader 4 to the trading platform.
DupliTrade
DupliTrade is a cutting-edge platform that enables flawless replication of expert traders’ actions into an AvaTrade account.
With DupliTrade, users can access an extensive selection of lucrative trading strategies and automated trading functionalities while only needing a minimum deposit requirement of $2,000.
Moreover, this remarkable platform offers great advantages, such as the option for testing through its demo account feature.
Trading App
- AvaTradeGO
- AvaOptions
- MetaTrader 4 and 5
- AvaSocial
AvaTradeGO
Investing has never been simpler than it is with AvaTradeGO, a mobile application that walks Vietnam users through the process of making trades, providing feedback on their overall progress, and aiding anytime traders want assistance.
Ava Protect
This unique risk management feature allows you to protect a specific trade against losses of up to one million dollars over a chosen time frame.
Trading Central
This tool merges the views of their brightest minds together with automated algorithms. The product offers pattern recognition to trigger high-potential trading ideas. This is then checked and corroborated by the analysts before being released to our traders.
AvaOptions
The AvaOptions platform is meticulously built for professional options traders, necessitating a minimum deposit of $1,000. This exceptional platform facilitates trading in more than 40 currency pairs, along with gold and silver. It caters to both desktop (Windows only) and mobile users.
With the inclusion of Autochartist, AvaOptions offers cutting-edge analysis tools for advanced portfolio management and effective risk-balancing strategies.
AvaSocial
New traders may have access to the markets at the click of a button when they use AvaSocial’s trading app. Traders may quickly learn from more experienced traders who are ready to share their expertise, thereby shortening the overall learning curve.
For skilled traders, having a clear view of the market without the need for constant research may save time.
Is AvaTrade’s platform mobile-friendly?
Yes, they provide mobile trading apps for both Android and iOS devices.
How does AvaTradeGO differ from MT4?
AvaTradeGO is a proprietary platform developed by the broker that includes features such as Market Trends. In contrast, MT4 is a popular platform known for its advanced charting and automation capabilities.
Trading App
Investment Programs
The broker does not offer a separate investment program.
Which Markets Can You Trade with AvaTrade?
Vietnamese traders can expect the following range of markets from:
- Forex
- Stocks
- Commodities
- Cryptocurrencies
- Treasuries
- Bonds
- Indices
- Exchange-traded funds (ETFs)
- Options
- Contracts for Difference (CFDs)
- Precious Metals
Financial Instruments and Leverage offered
| 🔨 Instrument | 💰 Number of Assets Offered | 📈 Max Leverage Offered |
| ➡️ Forex | 55 | 1:400 |
| ➡️ Precious Metals | 5 | 1:200 |
| ➡️ ETFs | 59 | 1:20 |
| ➡️ Indices | 33 | 1:200 |
| ➡️ Stocks | 625 | 1:10 |
| ➡️ Cryptocurrency | 20 | 1:25 |
| ➡️ Options | 53 | 1:100 |
| ➡️ Energies | 5 | 1:200 |
| ➡️ Bonds | 2 | 1:20 |
| ➡️ FXOptions | 24 | 1:100 |
Can I trade stocks on AvaTrade?
Yes, the broker has a stock trading market where investors can buy and sell publicly traded company shares.
Are there options for trading commodities on AvaTrade?
Yes, CFD trading is available, allowing investors to speculate on the prices of various financial assets, including commodities, without owning them.
Broker Comparison for a Range of Markets
| 🥇 AvaTrade | 🥈 Exness | 🥉 FBS | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | Yes | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | No | Yes |
| ➡️️ Options | Yes | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | Yes | No | No |
Trading and Non-Trading Fees
Spreads
AvaTrade’s fixed spreads include a mark-up to cover broker fees related to trade facilitation, ensuring complete transparency. AvaTrade, as a Market Maker broker, executes orders exclusively using its proprietary execution methods.
To provide traders with access to the interbank market.
AvaTrade acquires substantial positions from various liquidity providers, which it then presents to traders. Vietnamese traders can expect standard spreads to fall within the following ranges:
- Stocks – 0.13%
- Crude Oil – 0.029 pips
- FXOptions – 0.9 pips
- Cryptocurrency – From 0.02 pips on BTC/USD
- Indices – From 0.03 pips
- ETFs – 0.13%
- Bonds – From 0.03 pips Over Market
Commissions
AvaTrade offers Vietnamese traders a commission-free trading environment. Instead of separately charging commissions, AvaTrade includes a premium in its fixed spreads. This framework enables a transparent, all-inclusive trading environment, eliminating the need for additional commission fees.
Overnight Fees, Rollovers, or Swaps
The fees associated with overnight trading vary based on position type (long or short), position size, traded financial asset type, and general market conditions during the position’s duration.
The overnight interest rate is multiplied by the total trade value to determine overnight fees. The following are examples of overnight fees that may be subject to change:
- EUR/USD – a short swap of -0.0015% and a long swap of -0.0060%
- Stocks (Apple) – a short swap of -0.0165% and a long swap of -0.0168%
- Gold – a short swap of -0.0082% and a long swap of -0.0085%
- Silver – a short swap of -0.0082% and a long swap of -0.0085%
- FXOptions (EUR/USD) – a short swap of -0.0015% and a long swap of -0.0060%
- Indices – a short swap of -0.0082% and a long swap of -0.0085%
- Cryptocurrency (BTC/USD) – a short swap of -0.0333% and a long swap of -0.0610%
- ETFs – a short swap of -0.0165% and a long swap of -0.0168%
Deposit and Withdrawal Fees
AvaTrade adheres to a policy of not charging deposit or withdrawal fees across all supported deposit and withdrawal methods.
AvaTrade Inactivity Fees
AvaTrade imposes an inactivity fee on accounts that have been dormant for three consecutive months. If no trading activity is observed during this period, a $50 monthly inactivity fee will be assessed.
Traders must know this fee increases to $100 after 12 consecutive months of inactivity.
AvaTrade Currency Conversion Fees
Traders should be mindful of currency conversion costs. When traders deposit funds in a non-acceptable deposit or base currency, such as VND, currency conversion fees may apply. Transaction of deposited funds into the account’s designated currency incurs these fees.
How competitive are the spreads offered by AvaTrade?
AvaTrade has competitive spreads, which may vary depending on the asset traded and market conditions.
Are there any discounts or promotions that can reduce trading fees on AvaTrade?
Yes, AvaTrade occasionally runs promotions and cashback rebates according to the trading volumes of partner clients.
Deposits and Withdrawals
AvaTrade offers Vietnamese traders the following deposit and withdrawal methods:
- Bank Wire Transfer
- Credit/Debit Card
- PayPal
- WebMoney
- Neteller
- Skrill
| 🥇 AvaTrade | 🥈 Exness | 🥉 FBS | |
| ⏰ Minimum Withdrawal Time | 24 to 48 Hours | Instant | 15 to 20 minutes (maximum 48 hours) |
| 💳 Maximum Estimated Withdrawal Time | Up to 10 days | Up to 72 hours | Up to 7 days |
| 💰 Instant Deposits and Instant Withdrawals? | No | Yes | Instant Deposits |
Deposit Currencies, Deposit and Withdrawal Processing Times
| 💳 Payment Method | 💳 Deposit Processing | 💳 Withdrawal Processing |
| 💰 Bank Wire Transfer | Up to 10 days | Up to 10 days |
| 💰 Credit/Debit Card | 24 – 48 Hours | 24 – 48 Hours |
| 💰 PayPal | 24 – 48 Hours | 24 – 48 Hours |
| 💰 WebMoney | 24 – 48 Hours | 24 – 48 Hours |
| 💰 Neteller | 24 – 48 Hours | 24 – 48 Hours |
| 💰 Skrill | 24 – 48 Hours | 24 – 48 Hours |
Are there any fees associated with AvaTrade withdrawals?
No, AvaTrade does not charge withdrawal fees. However, third-party fees may apply depending on the payment method.
How long does it take for a deposit to reflect in my AvaTrade account?
Credit card and e-wallet deposits are usually processed within 24 hours, whereas bank transfers may take a few business days.
How to Deposit Funds
Step 1 . Log In
The first step is logging in to your AvaTrade account
Step 2. Deposit
Go to the ‘Deposit‘ section and click on ‘Fund your account‘
Step 3. Deposit Method
Select your preferred method.
Step 4. Choose Amount
Please make sure to select the specific trading account you wish to deposit into from the drop down menu, the amount you wish to deposit.
Step 5 . Payment Method
Add the payment method details into the fields and click on ‘Deposit‘.
Is there a step-by-step guide on AvaTrade’s platform for depositing funds?
Yes, AvaTrade provides a comprehensive guide on their website to help users make deposits.
Are my funds secured when depositing with AvaTrade?
Yes, AvaTrade employs sophisticated encryption and security measures to safeguard your funds.
Fund Withdrawal Process
Please follow these simple steps:
Step 1 . Log In
Log into your trading account with your email address and password.
Step 2. Withdrawal
Once logged in, go to the withdrawal section.
Step 3. Withdrawal Form
Fill out an online withdrawal form through your account. Your withdrawal will be processed within the next 24 business hours.
Are there any fees associated with AvaTrade withdrawals?
No, AvaTrade does not charge withdrawal fees. However, third-party fees may apply depending on the payment method.
How long does it take for a deposit to reflect in my AvaTrade account?
Credit card and e-wallet deposits are usually processed within 24 hours, whereas bank transfers may take a few business days.
Education and Research
Education
AvaTrade offers the following Educational Materials to Vietnamese traders:
- Educational Videos
- Trading guides
- Trading Rules
- Market Terms
- Order Types
- Trading Strategies
- Trading Ideas
- Trader’s Blog
- A demo account with virtual funds
- Educational Articles
Research and Trading Tool Comparison
| 🥇 AvaTrade | 🥈 Exness | 🥉 FBS | |
| ➡️ Economic Calendar | Yes | Yes | Yes |
| ➡️ VPS | No | Yes | Yes |
| ➡️ AutoChartist | No | No | No |
| ➡️ Trading View | No | Yes | No |
| ➡️ Trading Central | Yes | Yes | No |
| ➡️ Market Analysis | Yes | Yes | Yes |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
AvaTrade also offers Vietnamese traders the following additional Research and Trading Tools:
- Technical Analysis Indicators
- Economic Indicators
- Economic calendar
- Trading Strategies
- AvaProtect Risk Management
- Trading Central
- Trading Calculators
- Earnings Releases
- Fundamental Analysis
- Technical Analysis
How often is the educational content updated on AvaTrade?
AvaTrade regularly revises its educational materials to reflect recent market trends and trading strategies.
Are there any research collaborations or partnerships with AvaTrade?
Yes, AvaTrade collaborates with various financial institutions and experts to enhance its research capabilities.
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Bonuses and Promotions
Offers Vietnamese traders the following bonuses and promotions:
- Referral Bonus
Vietnamese traders can earn significant money through the Referral Bonus program. Traders can benefit from this profitable initiative by referring their friends and family to the AvaTrade platform.
Once the referred individual deposits $500 or more into their live account, they become eligible for a referral bonus ranging from $50 to $250.
Furthermore, the amount that Vietnamese traders can earn is directly related to how much their referred acquaintance initially deposited into their verified live account.
Are there any deposit bonuses for new users?
No, there are no current deposit bonuses. However, AvaTrade introduces new promotions frequently, particularly during holiday seasons and special market events.
Do existing users also get access to bonus offers?
Yes, AvaTrade values its loyal customers and frequently provides them with special offers.
How to open an Affiliate Account with AvaTrade
To register an Affiliate Account, Vietnamese traders can follow these steps:
- Visit the AvaTrade website and click the “Partners” tab in the top menu.
- Select the “Become a Partner” option from the drop-down menu.
- Fill out the registration form with your personal information, including your name, email address, and phone number.
- Choose a username and password for your account, and select your preferred base currency.
- Select the type of partnership you want to establish, such as Introducing Broker or Affiliate.
- Review and accept the terms and conditions, and click on the “Register” button to submit your application.
- Once your application is approved, you will receive a confirmation email with your login details and instructions on accessing your Affiliate Account.
- Log in to your Affiliate Account to access marketing materials, track your referrals, and monitor your commissions.
AvaTrade Affiliate Program Features
AvaTrade’s global network of over 70,000 partners spans more than 150 countries. The AvaTrade affiliate program includes the following benefits:
- Lucrative commission payments, with $250,000,000 in commissions that have been paid thus far
- A secure, transparent trading environment
- Customizable deals
- Flexible commission structures
- Robust marketing strategies
- Reliable pay-outs
- Innovative technology
- Multilingual trading platforms
What are the prerequisites for opening an affiliate account?
To open an affiliate account, you must provide identification documents and details about your promotional methods.
Are there any fees associated with the affiliate program?
No, there is no fee to join the AvaTrade affiliate program.
Customer Support
AvaTrade provides exceptional customer service, particularly when compared to other brokers. AvaTrade’s live chat representatives are timely, friendly, and helpful, offering relevant information to inquiries.
| Customer Support | AvaTrade Customer Support |
| ☎️ Telephone/WhatApp | https://www.avatrade.com/about-avatrade/contact-us |
| 🗺️ Website URL | https://www.avatrade.com/ |
| [email protected] | |
| 📙 FAQ’s | www.avatrade.com/?s=FAQ |
| 🎓 Customer Service | https://www.avatrade.com/about-avatrade/contact-us |
| 📍 GDPR compliant T&Cs | https://www.avatrade.com/about-avatrade/legal-documentation |
What channels are available for reaching AvaTrade’s customer support?
AvaTrade provides multiple support channels, including live chat, email, and phone.
Can I get support in languages other than English?
Yes, AvaTrade offers multilingual support to accommodate its international clientele.
Our Verdict
According to our research, AvaTrade is a well-regulated and trusted broker with a global presence. It provides diverse trading platforms and assets and free deposit and withdrawal options.
AvaTrade also provides a variety of user-friendly research and education tools. However, its product offering is limited to forex, CFDs, and cryptocurrencies. Inactivity fees are high, and forex trading fees aren’t among the lowest on the market.
Overall, AvaTrade is an excellent choice for traders looking for a regulated broker with diverse trading platforms and assets. However, the high inactivity fees and average forex fees should be known to traders.
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Pros and Cons
| ✔️ Pros | ❌ Cons |
| Traders have access to multilingual support | There is no 24/7 customer support |
| There are several communication channels through which traders can contact AvaTrade | |
| There is a live chat option featured on the official AvaTrade website |
Frequently Asked Questions
What is the minimum deposit required to open an account with AvaTrade?
A minimum deposit of $100 is required to open an account with AvaTrade.
What are the pros of using AvaTrade?
AvaTrade’s advantages include simple and quick account opening, free deposit and withdrawal options, and excellent research tools.
How long does it take to withdraw from AvaTrade?
AvaTrade withdrawals may take several hours or days, depending on the payment method.
Is AvaTrade regulated?
Yes, AvaTrade is well-regulated in several regions. AvaTrade’s regulations include CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.
Is AvaTrade available in Vietnam?
Yes, AvaTrade is accessible to Vietnamese customers.
Does AvaTrade have Nasdaq 100?
Yes, AvaTrade offers Nasdaq 100 shares and US TECH 100 contracts for difference.
Does AvaTrade offer a demo account?
Yes, AvaTrade allows users to practice trading with a demo account before opening a real account.
Is AvaTrade Safe or a Scam?
AvaTrade is a reliable broker for traders in Vietnam. It is governed by multiple jurisdictions, which increases its safety and dependability.
What types of assets can be traded on AvaTrade?
AvaTrade provides many tradable assets, including forex, CFDs on shares, indices, commodities, cryptocurrencies, and even bonds.
How can I contact AvaTrade customer service?
AvaTrade offers customer service in more than fourteen languages. You can communicate with them via email, telephone, WhatsApp, and chat.
Does AvaTrade have VIX 75?
Yes, AvaTrade offers Vietnamese traders access to the Volatility Index.
Conclusion
For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Vietnamese investors.
Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Corporate Social Responsibility
AvaTrade Corporate Social Responsibility
AvaTrade is committed to corporate social responsibility (CSR) and sustainability as a leading forex and CFD broker. While specific details on their CSR initiatives may not be widely accessible, there are signs of their efforts in this area.
AvaTrade has established socially responsible partnerships, such as its partnership with the Aston Martin Aramco Cognizant Formula OneTM Team to support women.
Furthermore, the company’s presence on platforms like Comparably, prioritizing sustainability and CSR, demonstrates a genuine commitment to these values.
How does AvaTrade contribute to sustainable trading practices?
AvaTrade has initiatives centred on eco-friendly infrastructure for trading and promotes sustainable investment options.
How does AvaTrade ensure ethical trading standards?
AvaTrade has policies in place to prevent unethical business practices. Furthermore, AvaTrade adheres to global trading standards.