AvaTrade Review for UAE Traders in 2024
Overall Score:
AvaTrade
86/100
This is our professional review of AvaTrade for traders and investors in the UAE. In the review, we look at the detailed aspects of AvaTrade, including their platform, regulations, instruments and features. In this article, you will find everything you need to know about trading with AvaTrade, and whether it's the right broker for you!
Written by:
Sam Reid
Sam Reid
Fact checked by:
Freddie Ricks
Freddie Ricks
Last updated:
Nov 2024
Nov 2024
Summary
AvaTrade is is global online trading provider and broker, founded in 2006 and headquartered in Dublin, Ireland. Offering mainly CFD and forex trading products, our research indicates that AvaTrade is a highly safe and secure broker.
We found that AvaTrade offers easy account opening, free deposits and withdrawals and diverse research and educational tools.
At the same time, we found that AvaTrade is quite limited in terms of its product offering with high inactivity fees and trading fees which are not the most competitive.
We found that AvaTrade offers easy account opening, free deposits and withdrawals and diverse research and educational tools.
At the same time, we found that AvaTrade is quite limited in terms of its product offering with high inactivity fees and trading fees which are not the most competitive.
Trading Instruments (Best for CFD and FX traders)
Compared to other brokers, AvaTrade does have a smaller, but more focused list of tradable assets. Due to their impressive selection of forex, options and CFDs, we rank AvaTrade highly in this trading category.
AvaTrade’s clients in the UAE have access to over 1400+ financial products, including:
AvaTrade’s clients in the UAE have access to over 1400+ financial products, including:
- 55 Forex pairs
- 44 FX Options
- 612 Stock CFDs
- 20 Cryptocurrency CFDs
- 31 Indices CFDs
- 60 ETF CFDs
- 18 Commodity CFDs
- 2 Bond CFDs
AvaTrade Commissions, Spreads and Fees
Overall, AvaTrade offers low fees on CFD trading, while forex trading fees come in at the industry standard. AvaTrade offers commission free trading, however this inevitably comes with higher spreads to make up for that.
EUR/USD starts with 0.9 pips, or $9 per standard lot. Equity traders can trade commission free, but will pay a minimum spread of 0.13%, while for crypto the minimum spread is 0.35%. AvaTrade’s lower spreads really shine when it comes to index CFDs and commodity CFDs, giving traders the best deal in these asset classes.
Looking at the broker's other fees, a major benefit of AvaTrade is its free deposits and withdrawals. However, inactivity fees for AvaTrade are quite high at $50 per quarter after 3 months of inactivity.
EUR/USD starts with 0.9 pips, or $9 per standard lot. Equity traders can trade commission free, but will pay a minimum spread of 0.13%, while for crypto the minimum spread is 0.35%. AvaTrade’s lower spreads really shine when it comes to index CFDs and commodity CFDs, giving traders the best deal in these asset classes.
Looking at the broker's other fees, a major benefit of AvaTrade is its free deposits and withdrawals. However, inactivity fees for AvaTrade are quite high at $50 per quarter after 3 months of inactivity.
AvaTrade Deposits & Withdrawals
AvaTrade provides traders in the UAE with several options for deposits and withdrawals. These include Credit/Debit cards, Wire transfers, and e-wallets (Neteller, Skrill, WebMoney). Deposits and withdrawals are free of charge, and the minimum deposit amount at AvaTrade to open an account is $100.
AvaTrade typically processes withdrawal requests within 24-48 hours. You should also note that withdrawals are only available using the same payout methods as what was used to deposit money.
AvaTrade typically processes withdrawal requests within 24-48 hours. You should also note that withdrawals are only available using the same payout methods as what was used to deposit money.
AvaTrade Trading Platforms
Our research indicates that AvaTrade’s trading platforms offer traders the most flexibility when it comes to trading CFDs and Forex. Its wide selection of platforms and trading tools are available on Web, Desktop and Mobile Apps.
AvaTrade offers traders in the UAE access to 8 different platforms on multiple devices. They have a number of third party integrations such as TradingView and Trading Central. Here is the full list of AvaTrade’s platforms and integrations.
WebTrader
The simple, user-friendly trading platform perfect for beginner traders just getting started.
AvaTrade Go
AvaTrade’s all-inclusive mobile app with all the features that is available on the desktop version. It includes MT4 access, along with watch lists, 90+ indicators, and a risk management tool called AvaProtect, which helps to protect your trading positions against losses.
AvaOptions
An advanced new platform where clients can trade forex (FX) and options, giving them access to risk management, trading signals, custom charting, an economic calendar and more.
MT4 and MT5
Two of the most popular platforms used by traders globally. MetaTrader 4 and MetaTrader 5 with AvaTrade offers clients a range of order types, technical analysis tools and automated trading options, great for experienced traders.
Mac Trading
A specialized platform for Mac traders, integrated with MT4 and MT5.
AvaSocial
This is where things get interesting. AvaSocial is the perfect copy trading solution for traders of all levels, allowing clients to copy the trades of the very best traders on the platform.
Capitalize.ai
This third-party integration allows you to automate your trading using AI and without the need of any code. With this tool, you can automate your trades, and your profits.
Zulutrade & Duplitrade
Additional third party integrations with additional copy trading features, compatible with MT4, MT5 and WebTrader.
AvaTrade offers traders in the UAE access to 8 different platforms on multiple devices. They have a number of third party integrations such as TradingView and Trading Central. Here is the full list of AvaTrade’s platforms and integrations.
WebTrader
The simple, user-friendly trading platform perfect for beginner traders just getting started.
AvaTrade Go
AvaTrade’s all-inclusive mobile app with all the features that is available on the desktop version. It includes MT4 access, along with watch lists, 90+ indicators, and a risk management tool called AvaProtect, which helps to protect your trading positions against losses.
AvaOptions
An advanced new platform where clients can trade forex (FX) and options, giving them access to risk management, trading signals, custom charting, an economic calendar and more.
MT4 and MT5
Two of the most popular platforms used by traders globally. MetaTrader 4 and MetaTrader 5 with AvaTrade offers clients a range of order types, technical analysis tools and automated trading options, great for experienced traders.
Mac Trading
A specialized platform for Mac traders, integrated with MT4 and MT5.
AvaSocial
This is where things get interesting. AvaSocial is the perfect copy trading solution for traders of all levels, allowing clients to copy the trades of the very best traders on the platform.
Capitalize.ai
This third-party integration allows you to automate your trading using AI and without the need of any code. With this tool, you can automate your trades, and your profits.
Zulutrade & Duplitrade
Additional third party integrations with additional copy trading features, compatible with MT4, MT5 and WebTrader.
AvaTrade Account Types
Clients in the UAE will find 4 different account types with AvaTrade.
Demo account
A practice account that doesn't use real funds and doesn't require any account approval. This option allows traders to test the waters before investing with real money.
Standard account
The most common account type for traders in the UAE. The Standard account allows you to trade forex, CFDs and crypto with leverage up to 1:30.
Islamic account
For traders looking to trade in compliance with islamic teachings. This account is swap-free and does not provide traders access to non-shariah compliant stocks or cryptocurrencies. You can apply for the Swap-free account with AvaTrade after your standard account has been funded.
Professional account
This account is designed for advanced traders and allows you to trade with leverage up to 1:400. To qualify for this account, clients need to have sufficient trading activity and a portfolio size greater than €500,000.
Demo account
A practice account that doesn't use real funds and doesn't require any account approval. This option allows traders to test the waters before investing with real money.
Standard account
The most common account type for traders in the UAE. The Standard account allows you to trade forex, CFDs and crypto with leverage up to 1:30.
Islamic account
For traders looking to trade in compliance with islamic teachings. This account is swap-free and does not provide traders access to non-shariah compliant stocks or cryptocurrencies. You can apply for the Swap-free account with AvaTrade after your standard account has been funded.
Professional account
This account is designed for advanced traders and allows you to trade with leverage up to 1:400. To qualify for this account, clients need to have sufficient trading activity and a portfolio size greater than €500,000.
AvaTrade Research & Education
Overall, AvaTrade offers some solid research materials through the third-party provider, Trading Central. This feature brings its trading clients valuable market insights and intelligence - a great tool for traders to enhance their market awareness.
Educational resources for AvaTrade clients are also very extensive, including articles, videos, webinars and eBooks. AvaTrade pays close attention to its beginner traders, however the broker also provides material catering to intermediate and advanced traders.
Traders can learn the basics of trading and trading strategies, market terms, trading concepts, fundamental and technical analysis, and an array of daily blogs discussing the latest market updates.
From our research, we conclude that AvaTrade has some of the best educational resources in the industry, giving this broker a final score of 9/10 in this area.
Educational resources for AvaTrade clients are also very extensive, including articles, videos, webinars and eBooks. AvaTrade pays close attention to its beginner traders, however the broker also provides material catering to intermediate and advanced traders.
Traders can learn the basics of trading and trading strategies, market terms, trading concepts, fundamental and technical analysis, and an array of daily blogs discussing the latest market updates.
From our research, we conclude that AvaTrade has some of the best educational resources in the industry, giving this broker a final score of 9/10 in this area.
AvaTrade Regulation
AvaTrade is a highly secure broker, regulated with tier-1 licenses in 6 continents, including the UAE. AvaTrade is also regulated in the EU, Japan, Australia, South Africa and the British Virgin Islands.
In the UAE, AvaTrade is regulated by the Financial Services Regulatory Authority (FSRA) under the Abu Dhabi Global Markets (ADGB) jurisdiction.This gives AvaTrade’s client assurance that they are trading with a secure, reliable and strongly regulated broker.
In the UAE, AvaTrade is regulated by the Financial Services Regulatory Authority (FSRA) under the Abu Dhabi Global Markets (ADGB) jurisdiction.This gives AvaTrade’s client assurance that they are trading with a secure, reliable and strongly regulated broker.
AvaTrade Customer Support
AvaTrade offers 24/5 customer support in 20+ different languages, including Arabic. While this isn't as convenient as the 24/7 support offered by other brokers, AvaTrade’s chatbot, email support, phone support and detailed FAQ section explains its trading products and services well and helps resolve issues quickly.
From our research and testing, we experienced quick and helpful responses from the customer support team at AvaTrade. We also tested the response times in different languages though the live chat feature, finding an impressive average response time of 4 minutes.
From our research and testing, we experienced quick and helpful responses from the customer support team at AvaTrade. We also tested the response times in different languages though the live chat feature, finding an impressive average response time of 4 minutes.
AvaTrade FAQs
With a good trading strategy, it is possible to become of the thousands of profitable AvaTrade traders. However you should also be aware that trading comes with risk, and there is always the chance that your trades can move against you.
Yes, AvaTrade is completely legal in the UAE and is even regulated in the UAE by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi.
Yes, AvaTrade is rated as a highly safe and secure broker as the broker is regulated by several top tier regulators.
AvaTrade: The Bottom Line
Overall, AvaTrade is a great option for forex, CFDs and copy trading in Dubai and the rest of the UAE. Easy account opening, zero fees on deposits & withdrawals and user-friendly research & educational tools, AvaTrade secures one of the top spots for trading in the UAE.
Still, if you’re not looking to trade forex and CFDs, AvaTrade is quite limited in terms of other asset classes to trade. At the same time, inactivity fees are high and spreads can be above the industry average.
Still, if you’re not looking to trade forex and CFDs, AvaTrade is quite limited in terms of other asset classes to trade. At the same time, inactivity fees are high and spreads can be above the industry average.
