Avatrade Review

Updated March 29, 2022

AvaTrade Malaysia is a reliable broker that offers traders access to several trading instruments on different trading platforms. It is fully regulated with offices cut across numerous areas, including South Africa, the British Virgin Islands, Japan, the Middle East, Australia, and Europe. 

The broker deals mostly on CFDs on stocks, forex, cryptocurrencies, indices, and commodities. AvaTrade began operation in 2006 with its headquarters in Dublin Ireland.

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AvaTrade Malaysia – Overview

RegulationAustralia, Ireland, Cyprus, BVI, South Africa, Japan
Minimum DepositUS$100
Maximum LeverageMost retail traders get a max. of 1:30, in line with ESMA restrictions. Traders through the BVI, South Africa, and pro clients qualify for max. leverage up to 1:400.
Type of platformMetaTrader 4/5, AvaTrade WebTrader, AvaTradeGO, AvaSocial (Copytrader), AvaOptions
Deposit with credit cardYes
Depositing with wire transferYes
Demo account providedYes
Instruments traded1200+ Tradable Instruments (Forex, CFD, Crypto)

Pros

  • Multiple regulations from authorities
  • Offer demo account
  • Supports 16 languages 
  • Fast account opening process
  • Excellent research tools
  • Different deposit and withdrawal options
  • Simple understandable platform
  • Offers negative balance protection

Cons

  • Restriction of certain countries 
  • Long withdrawal process 
  • Inactivity fees
  • Lacks FCA regulation

AvaTrade Malaysia Introduction

AvaTrade Malaysia is a broker that offers trading opportunities to investors and traders. It is registered with several countries’ regulatory bodies, including the Central Bank of Ireland, Investment Industry Regulatory Organization of Canada (IIROC), the Australian Securities and Investments Commission (ASIC), Japanese Financial Services Authority (JFSA), etc.

AvaTrade is a non-public and non-bank entity. It divides the client’s money from its assets. Aside from this, it protects customers assuming there is insolvency using its investor’s compensation scheme. The scheme allows eligible claimants to receive up to €20,000 of their loss. Furthermore, it also offers AvaProtect to protect traders from losing trades when the market takes a different position. Nevertheless, it lacks FCA regulation, which is popular for its strict market regulations. 

In this AvaTrade Review, you will discover everything about AvaTrade Malaysia, including the several deposit and withdrawal options, customer service, educational resources, security, trading platforms, and account types.


AvaTrade Malaysia Trading Platforms

AvaTrade Malaysia provides several trading software, including its unique trading platform. Traders can use the Meta Trader 4 and 5 platform that comes integrated with the copy trading feature. The AvaTradeGO is its proprietary platform that offers several features along with the social trading platform. It has automated trading software, including DupliTrade and Zulu Trade that allows traders to copy trades of professional traders.

Avatrade Mobile
Avatrade Forex Trading App

Tradable Assets and Instrument 

AvaTrade offers traders an array of financial instruments and assets. Everyone can trade the following financial instruments.

  • Forex – AvaTrade offers over 50 currency pairs, including all major, minor, and exotics pairs. Traders have access to competitive spreads with up to 1:400 leverage. 
  • Cryptocurrency – Except for traders based in Canada, other traders can trade cryptocurrencies such as Bitcoin Cash, Ripple, Bitcoin, and Ethereum. It allows up to 1:20 leverage when trading.
  • Options – It has made trading not only easier but accessible for everyone at different levels. The options offer traders an opportunity to reduce the difficulty of vanilla options.
  • Bonds, Indices, Commodities, and Stocks – Traders enjoy high leverage with low and competitive spreads trading these assets.

AvaTrade Commissions and Fees

An important factor that most traders consider when choosing a broker is the fees and commission. To open an account, you need a minimum deposit of $100 for deposits through wire transfer or credit card. However, the minimum deposit depends on the deposit base currency.

There is no commission charged for forex traders. However, it uses a bid-ask spread to get compensated for the zero charges. AvaTrade Malaysia receives compensation of 40 cents for every 1,000 units of a currency pair if the spread is 4 pips. 

To dissuade traders from keeping their account inactive for a particular period, it charges $50 if it is non-use for 3 months consecutively. The amount is deducted from the trading account. However, once an account remains inactive for 12 months, it comes with a $100 administrative fee. Besides this, other applicable charges include corporate actions, maturity rollover, and overnight interest.


AvaTrade Payment Options for Malaysia

AvaTrade Malaysia offers traders several deposit and withdrawal options. Traders have options such as bank wire transfer, credit cards (debit, MasterCard, and VISA), and E-Wallet options, including Neteller, Skrill, WebMoney, and PayPal. The minimum deposit required to open an account is $100. 

For withdrawals, traders can use the same aforementioned option. Unlike a deposit, withdrawal takes a maximum of 5 business days to process. Each withdrawal method has a particular timeframe. However, if you want a fast option, you can use the Ava Debit MasterCard. Once you create an account with AvaTrade, you can apply for the Ava Debit MasterCard.


Educational Resources 

AvaTrade understands the importance of enlightening its traders as it offers several educational contents. There are several articles and videos available for all traders. Currently, it offers over 30 articles in its advanced topic section, whereas the beginner section has over 60 comprehensive articles. To simplify things, AvaTrade Malaysia breaks down important forex trading content about the economic indicator and expounds on how different banks impact the market.

Furthermore, the website is replete with several videos that cover important topics, including risk management, traders’ psychology, technical indicators, and so on. There is also an archived video webinar available on its YouTube channel.


Who can use AvaTrade?

AvaTrade broker is designed for every category of traders looking for an opportunity to trade the financial market. Firstly, beginners without any fundamental knowledge about the market can use AvaTrade because of its simple and intuitive interface. Furthermore, its customer service provides relevant assistance with educational content. These new traders can take advantage of the “Trading for Beginners” section of the AvaTrade website.

Advanced traders can also use the AvaTrade platform since it allows mobile, desktop, and web-based trading. It provides its proprietary AvaTradeGo platform for traders who don’t want to use the traditional Meta Trader 4. The AvaTradeGo platform offers expert advisors for experienced traders. There are also free webinars designed for traders at all levels.

Finally, traders looking to diversify their portfolios can use AvaTrade. The platform offers over 1250 instruments cut across forex, cryptocurrency, CFDs, indices, stocks, and commodities. These options enable investors to mitigate their risks while diversifying their portfolios.

It accepts traders from several parts of the world, including Malaysia, Luxembourg, Kuwait, Italy, Norway, France, Singapore, South Africa, Canada, the United Kingdom, Australia, Thailand, Qatar, United Arab Emirates, and Denmark. However, traders in countries such as Iraq, Iran, Pakistan, Spain, Belgium, Zimbabwe, India, and the United States cannot use AvaTrade.


Customer Support

Customer support is a crucial component of any business. AvaTrade Malaysia offers several customer support systems to speed up challenges they might encounter. The broker offers phone support with different numbers available for each country. 

In addition, there is a live chat option where customers can get instant solutions to their issues. The final option is the online forum where traders can specifically state their requests while providing their names, email, and phone number.

The customer representatives work throughout the clock to handle several issues. Uniquely, customer support is available in 14 languages, operating 24 hours 1 day. It also provides a FAQ section to handle common issues with solutions regarding deposits, withdrawal, trading, documents, trading platforms, affiliates, and partners. 


Summary

  • Platforms & Tools
  • Commissions & Fees
  • Trust
  • Education
  • Offering of Investments
4.6

Final thoughts on AvaTrade Malaysia

Overall, AvaTrade is your above-average broker with competitive spreads, depending on the trading instrument. Its adequate educational resources along with the low minimum deposit of $100 make it a good option for new traders. Furthermore, the demo account allows traders to trade the market without any financial commitment.

Another important thing is its transparency as it provides relevant information about its fee listing, account types, and spread. AvaTrade provides different trading platforms, including its proprietary options trading platform and mobile phone app.

AvaTrade offers different financial assets such as cryptocurrency, forex, commodities, ETFs, and indices. The negative balance protection and AvaProtect feature help traders protect against losing trades. Nevertheless, AvaTrade lag in certain areas, including FCA regulation and the long withdrawal process. Overall, it is a good broker when compared with most of the brokers available today.

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