Dimitrios from Cyprus

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AvaTrade Broker Review

AvaTrade: Get access to short selling like a champ
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AvaTrade is a really professional broker focused on short selling of shares, crypto currencies, commodities and currency pairs, all with outstanding support and competitive CFD spread. Through extensive regulation in six different jurisdictions, AvaTrade follows the toughest financial rules and almost everyone can engage in shorting here. Their range of commodities, currencies, ETFs, indices and cryptocurrencies available to go short on is also outstanding. To help beginners get started with online trading, there is their own training on SharpTrader. Here is everything a trader needs for daily trading, such as videos with facts and tips, daily technical analyzes of AvaTrade's own analysts, and plenty of tips to become an improved trader. Read our brief overview below and then create your own opinion before starting with short selling. One of the best brokers for going short in equity, commodity and cryptocurrencies is AvaTrade, sign up now!

AvaTrade Review

AvaTrade logo

Overall Rating

9.29/10

Rating Details

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  • Min. deposit

    €50

  • Platforms

    AvaTradeGO app

  • Founded

    2006

  • Regulators

    6

  • Country

    Ireland

  • Commodities/Crypto

    Yes

  • Stock trading

    Yes

  • Multi language

    Yes

  • Support

    Email, Phone

  • Account currencies

    EUR GBP USD

 

Background

 
AvaTrade is an innovative currency broker headquartered in Ireland, which has been on the market since 2006. Ava Trade has now set its sights on doing something great in forex trading and becoming one of the leading companies. With over 200,000 customers and considered one of the fastest growing currency trading companies, they are probably already close to the target.

Deposits to your AvaTrade currency account can be made with either EUR, GBP, USD or a wide range of other base currencies.
Withdrawals go much faster through AvaTrade than many competing foreign exchange companies. Wait a maximum of 48 hours before the money is in your bank account, or even faster if you choose Paypal, for example.
 

Leverage

 The maximum loan-to-value ratio for Europeans are 30 times the amount for currency trading. In terms of stock trading, it is 5x that applies to both Scandinavian, German, British and American equities - whether you buy or go short. For cryptocurrencies such as Bitcoin, there is a maximum leverage of 2x that applies at AvaTrade, but they move more so it may be worthwhile.
 

Costs

 After 3 months of inactive account with AvaTrade it costs you € 50 for accounts in Euro and the corresponding amount is for USD ($ 50) and GBP (£ 50). In case of 12 months of inactivity with AvaTrade, an administration fee of € 100 is charged for accounts in Euro. For USD, the inactivity amount is $ 100 and for GBP it is £ 100. The inactivity fee is on a par with the average in the currency market. It is recommended that you withdraw the money and close the account in case you definitely will not trade for several months in a row.
 

Benefits

 + AvaTrade gives customers the opportunity to invest and go short in an innovative and reliable environment.
+ Among the best personal service in the market and uncompromising integrity when short selling stocks or cryptocurrencies.
+ Regulated from 6 different markets, which means that they follow all the rules for any jurisdiction extremely well.
+ Quick and easy deposits and withdrawals with PayPal, debit card and bank transfer to name a few.
+ Honest and long-term short-selling broker.
 

Drawback

 -Missing some stocks for short selling, such as BMW, Hennes & Mauritz and Société Générale.
-Do not have MetaTrader 5 integration.
-The minimum investment is € 100 to get started with short-selling.
 

Platforms

 AvaTrade has grown tremendously and currently has more than 225,000 traders worldwide, which in total carry out several million transactions per month. A quickly increasing amount of traders focus on short selling, since some stock market starts to become overvalued. On average, AvaTrade company manages the trading volume of more than SEK 600 billion per month. All customers' money is separated from the bank's own funds.

AvaTrade's user-oriented perspectives, combined with strong financial backing, are unique in online commerce. From its 24-hour multilingual support to its wide range of platforms and services, AvaTrade has created the optimal trading environment for every level of retailer. Avatrade's broad business area encompasses a full range of trading instruments, including currencies, equities, commodities and indices.

Ava is a multinational company with regional offices and sales centers in Paris, Dublin, Milan, Tokyo and Sydney. The company's head office is in Dublin, Ireland.

Whether you are an experienced trader or a beginner, AvaTrade's customizable trading platforms and services provide you with the right balance of simplicity and elegance. It's no wonder Ava has received nine industry awards since 2009. If you are serious about short-selling, then look no further. Try shorting some major shares through AvaTrade today!
 

Support

 The support is really good at AvaTrade. You can find English, German, Swedish support during the daytime, while English support staff are often a little more knowledgeable and recommended during the evening and night hours.
 

Screenshots

 
 

FAQ

 *Is AvaTrade a reliable broker for short selling?
The company has been around since 2009 and is well regarded as a reliable broker for shorting shares and other financial instruments. AvaTrade follow EU regulation and got their head office in Cyprus. This means that they follow strict rules and regulations set up by the EU, such as the customer's money being in a separate account from AvaTrade's money.

*Can one become owed money to AvaTrade? Is it possible for my account to have a negative balance?
No, it is impossible for an AvaTrade customer to lose more than what is on the account. In a scenario where the market moves incredibly fast in the wrong direction and ends up without you being able to sell quick enough, could potentially result in a negative balance. However, in that case, AvaTrade will give back the money making a negative balance adjustment so that everything becomes zero and you owe them nothing. A very generous broker for those looking to go short.

*Is it possible to trade currency with AvaTrade without interest costs?
Yes, there are Islamic accounts at AvaTrade for Muslims or those who simply do not want to have to deal with interest costs. However, it is not possible to trade some currency pairs with extremely high interest rates, such as Turkish lira, as the spread would be extremely high and disadvantageous in such trades.
 

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