Look a broker up before you trust it

Ten quick answers

Does AvaTrade hold a licence?
It does. AvaTrade is supervised by CBI Ireland, ASIC, FSCA, and its licence number is C53877. You can look that number up on the regulator's own public register.
How much do I need to open a AvaTrade account?
AvaTrade asks for a first deposit of at least $100. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust AvaTrade with my money?
AvaTrade has been trading since 2006 and is regulated by CBI Ireland, ASIC, FSCA. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with AvaTrade?
No. Because of US regulatory requirements (CFTC/NFA), AvaTrade is not taking clients who live in the United States at present.
How much leverage does AvaTrade offer?
The highest leverage at AvaTrade is 30:1 retail / 400:1 offshore. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with AvaTrade?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at AvaTrade next to its other platforms.
Which trading platforms can I use at AvaTrade?
At AvaTrade you trade through AvaTradeGO, MT4, MT5, AvaOptions, WebTrader. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does AvaTrade pay out withdrawals?
How long a AvaTrade withdrawal takes depends on how you are paid: cards are usually handled the same day, e-wallets within 24 hours and bank wires in 1–5 business days. Your KYC verification has to be finished before any withdrawal.
Will AvaTrade charge me for withdrawing?
As a rule, AvaTrade makes no charge when you withdraw to the method you deposited with. A payment processor or bank may still add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does AvaTrade have a demo account?
Yes. AvaTrade provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.