Avatrade

AvaTrade broker has been operating since 2006 and, with seven active licenses including Australia's ASIC and Cyprus's CySEC, ranks among the established and reputable international brokers. But for an Iranian trader, there is a more important question than licenses and features: does AvaTrade accept Iranians at all? In this overview, we answer that question and cover the details of AvaTrade's accounts, platforms and costs based on Teagle's data.

What kind of broker is AvaTrade?

AvaTrade was founded in 2006 and, according to its own profile, is headquartered in Ireland. The broker provides access to currency pairs, stocks, indices, commodities and cryptocurrencies, and with about 20 years of history it counts as one of the market's veteran brokers. Extensive educational resources and high security are the strengths Teagle has recorded for it, while the inactivity fee and the limited range of account types are among its weaknesses.

AvaTrade's licenses and credibility

AvaTrade's most important advantage is its broad regulatory framework. According to Teagle's latest review, the broker holds seven active licenses:

• ASIC Australia (No. 406684), a tier-1 regulator;
• CySEC Cyprus (No. 347/17);
• FSA Japan (No. 1662);
• Financial Services Regulatory Authority (No. 190018);
• FSCA South Africa (No. 45984);
• Capital Markets Authority of Kenya (CMA) (No. 262);
• FSC British Virgin Islands (No. SIBA/L/13/1049), which is an offshore license.

The variety of these licenses shows that AvaTrade operates under the supervision of several reputable bodies, but you should know that each client is registered under one of these entities depending on their country of residence. To understand how these bodies are tiered, read the guide on broker regulation and how it is graded .

Does AvaTrade serve Iranians?

No. According to a Teagle expert's inquiry with support, AvaTrade does not provide services to residents of Iran. Iran is also absent from the broker's list of countries and regional contact numbers, its website has no Persian language, and accessing it from Iran requires changing your IP. Registering with false documents or information to get around this restriction risks having your account and funds blocked; for more on this risk and how to choose a safe broker, see the article Brokers banned for Iranians .

AvaTrade trading accounts

Teagle's data lists one main Standard account for AvaTrade. Its minimum deposit is 100 units of the account's base currency (USD, EUR, GBP or AUD), it has no commission, and its spread is floating, recorded from 0.9 pips. Maximum leverage is 1:400, and the margin call and stop-out levels are both 50%. An Islamic (swap-free) account is also offered. An ECN account, hedging and news trading are also listed among the broker's features.

AvaTrade platforms and services

AvaTrade offers plenty of platform choices: MetaTrader 4, MetaTrader 5, a web version (WebTrader), the proprietary AvaTrade app and the AvaOptions app for options trading. If you are not familiar with this type of trading, the article What is options trading is a good introduction. The broker's list of services includes bonuses, education, copy trading and social trading, expert advisors and trading bots, a virtual private server (VPS), a trading API, an economic calendar and a forex calculator. We have explained the difference between its two social services in the article The difference between social trading and copy trading .

Deposits and withdrawals at AvaTrade

According to Teagle's table, the minimum deposit for all methods is 100 units of the account's base currency, and AvaTrade charges no fees for deposits and withdrawals. Deposits by credit card take from instant to 24 hours, by e-wallets such as PayPal, Skrill and Neteller up to 24 hours, and by bank wire up to 7 business days. The broker's withdrawal approval time is recorded as 1 business day for all methods. None of these methods are usable for users inside Iran.

AvaTrade's rating and risk on Teagle

AvaTrade's final rating on Teagle is 3.83 out of 5: Trustpilot 4.8, WikiFX 4.75, Teagle expert 4 and Forex Peace Army 1.78; Teagle user ratings have not yet been recorded. The large gap between the Forex Peace Army rating and the other sources shows that user experience is not consistent. The Teagle Eye risk index for this broker is 20 out of 100, in the "low risk" category, which is mostly the result of its reputable licenses and long track record. Follow its position in the ranking of low-risk brokers .

Pros and cons of AvaTrade

• Pro: seven active licenses, including ASIC, CySEC and FSA Japan
• Pro: platform variety (MT4, MT5, WebTrader, proprietary app and AvaOptions)
• Pro: diverse education and support for copy trading and social trading
• Con: no services for residents of Iran and no Persian website
• Con: inactivity fee and limited range of account types
• Con: according to a Teagle expert, weak AI support and incomplete access to account information

Who is AvaTrade suitable for?

AvaTrade is a good option for traders residing in the countries it covers who are interested in education, options trading and copy trading. It is not suitable for Iranian traders or those who need leverage higher than 1:400. If you live outside Iran and are choosing between established brokers, weigh it up in the AvaTrade vs FXCM comparison .

Conclusion

AvaTrade ranks high in terms of licensing, track record and platform variety, but it officially does not serve Iranians, which takes it off the list of options for users inside the country. If you reside in another country, start with a small amount, make a test withdrawal and check the latest warnings on the investment risk warning page .