AvaTrade RATING REVIEW -Using the Formula V.4.0.
The following Rating of AvaTrade is based on the Forex Brokers Formula v.4.0. published on the affiliated TradingCenter.org.
AvaTrade Rating Summary
The sum of each Main Factor of AvaTrade Rating Analysis (1, 2, 3, 4)
AVA TRADE RATING SUMMARY | |||
MAX | ACHIEVED | (%) | |
1. Safety of Funds | 26.00% | 21.97% | 84.50% |
2.AvaTrade Cost of Transaction | 28.00% | 16.50% | 58.93% |
3. AvaTrade Trading-Options | 26.00% | 24.00% | 92.31% |
4. AvaTrade Technological Efficiency | 20.00% | 14.00% | 70.00% |
Overall Rating | 100.00% | 76.47% | 76.47% |
AvaTrade Rating Analysis
Analysis of each Sub-Factor forming AvaTrade total rating result.
RATING ANALYSIS of AVA TRADE | ||||
TOTAL RATING | 100.0% | AvaTrade Broker | ||
Weight Analysis | Factor Analysis | 76.47% | ANALYSIS | |
1. SAFETY OF FUNDS at AVA TRADE | 26.00% | RATING WEIGHT | 21.97% | AvaTrade Credibility Analysis |
1.1 AvaTrade Level of Regulation | 12.00% | FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% | 12.00% | AvaTrade is regulated by ASIC=4%, FSA Japan, CBI=4%, = Total Rating 12.0% |
1.2 AvaTrade Headquarters Base | 5.00% | General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% | 3.00% | AvaTrade Headquarters are in Ireland = 3.0% |
1.3 AvaTrade Years in the Market | 5.00% | 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % | 4.00% | 5-10 years in the market = 4.0% |
1.4 AvaTrade Segregated / Bank Accounts | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Segregated accounts at Commerzbank, Net Bank, NatWest, Allied Bank |
1.5 AvaTrade Web Ratings (Usage for differentiating results) | 2.00% | ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % | 0.97% | FPA=2.395 / 5.0, EarnForex = 4.9 / 10.0, Total = 4.845 / 10 = 0.969% |
1.6 (+) ADJUSTMENTS | ||||
1.6.1 Size Factor | 1.00% | More than 1 Million Traders = +1.0 % | 0.00% | Not met condition |
2. TRADING COST at AVA TRADE | 28.00% | RATING WEIGHT | 16.50% | AvaTrade Competition Analysis |
2.1 AvaTrade Typical Spread on EURUSD | 8.00% | < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 3.00% | Minimum Spread on EUR/USD 2 pips = 3.0% |
2.2 AvaTrade Typical Spread on GBPUSD | 5.00% | < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% | 0.50% | GBPUSD spread at 3 pips = 0.5% |
2.3 AvaTrade Typical Spread on USDJPY | 4.00% | < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 2.00% | USDJPY spread at 2 pips = 2.0% |
2.4 AvaTrade Trading Commissions | 7.00% | No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% | 7.00% | No Commissions on Forex Trading = 7.0% |
2.5 AvaTrade Deposit / Withdrawal Commissions | 2.00% | No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % | 2.00% | No Deposit / Withdrawal Commissions = 2.0% |
2.6 AvaTrade Maintenance and Inactive Fees | 2.00% | No = 2.0 %, | Yes = 0 % | 2.00% | No Inactive or similar Fees = 2.0% |
2.7 (+) ADJUSTMENTS | ||||
2.7.1 AvaTrade Execution | 2.00% | ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% | 0.00% | Market Maker Forex Broker |
3. TRADING OPTIONS at AVA TRADE | 26.00% | RATING WEIGHT | 24.00% | AvaTrade Trading Analysis |
3.1 AvaTrade Forex Asset Index | 8.00% | 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% | 8.00% | 45+ Fx Currencies by AvaTrade Fx = 8.0% |
3.2 AvaTrade CFD and Spot Trading | 2.00% | CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% | 2.00% | Yes, CFD trading is available |
3.3 AvaTrade Demo / Practice Account | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Yes, Demo is available at AvaTrade |
3.4 Leverage at AvaTrade | 2.00% | >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% | 2.00% | Leverage at 200:1 = 2% Rating |
3.5 AvaTrade Bonus & Rebate | 6.00% | 4.00% | ||
3.5.1 AvaTrade Bonus (%) | Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% | First Deposit Bonus about 30% at AvaTrade (from 10% to 50% bonus) = 4.0% | ||
3.5.2 AvaTrade Rebate (%) | Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% | No Rebates are found | ||
3.6 AvaTrade Minimum Deposit | 1.00% | Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% | 1.00% | Yes, min deposit of less than $500 |
3.7 AvaTrade Fund / Deposit Methods | 2.50% | For each deposit method available = 0,5%, max = 5 methods | 2.50% | More than 5 Deposit Methods = 2.5% |
3.8 AvaTrade Fund / Withdrawal Methods | 2.50% | For each withdrawal method available = 0,5%, max = 5 methods | 2.50% | More than 5 Withdrawal Methods = 2.5% |
3.9 (+) ADJUSTMENTS | ||||
3.9.1 Offering 100+ Currency Pairs | 1.00% | Yes = 1.0 % / No = 0 % | 0.00% | Not about 58 pairs currently |
3.9.2 Interest on Funds | 0.50% | Yes = 0.50 %, No = 0.0 % | 0.00% | No interest on funds |
3.9.3 AvaTrade Competitions / Championships | 0.25% | Yes = 0.25 % / No = 0 % | 0.00% | Not met condition |
4. AVA TRADE TECHNOLOGICAL EFFICIENCY | 20.00% | RATING WEIGHT | 14.00% | AvaTrade Technological Analysis |
4.1 AvaTrade Available Platforms | 5.00% | Each Supported Platform = 1.0%, max = 5 platforms | 3.00% | 3 platforms available at AvaTrade |
4.2 AvaTrade Slippage | 4.00% | Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% | 1.00% | Average slippage = 1.9 pips (ZuluTrade) = Rating 1.0% |
4.3 AvaTrade Automated Trading | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes, using MirrorTrader |
4.4 AvaTrade MT4 / MT5 Availability | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes, MT4 is an option at AvaTrade |
4.5 AvaTrade Mobile Trading | 2.00% | Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices | 2.00% | iPhone, Android, Windows, Blackberry, and Symbian Apps = (max) 2.0% |
4.6 AvaTrade Scalping / Hedging Policy | 1.00% | Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % | 0.50% | Fast trading is allowed at AvaTrade, Arbitrage is not = Rating 0.5% |
4.7 AvaTrade Customer Service | 4.00% | 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % | 3.00% | 24/5=0%, email=1%, Phone=1%, Live Chat = 1%, Total = 3.0% |
4.8 (+) ADJUSTMENTS | ||||
4.8.1 AvaTrade PAMM / Managed Accounts | 0.50% | PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % | 0.00% | Not met condition |
4.8.2 AvaTrade API Trading | 0.50% | Yes = 0.5 % / No = 0 % | 0.50% | API Libraries are available |
AvaTrade Special Metrics
These are the special metrics for AvaTrade according to the three categories of trading experience. The rating results are based on the different weights of the same formula.
AVA TRADE SPECIAL METRICS | |
(based on sub-formulas) | RATING (100%) |
AvaTrade Overall Rating | 76.47% |
Forex Beginners | 70.10% |
Advanced Traders | 66.71% |
Pro Traders | 60.42% |
■ AvaTrade Rating Review
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