Broker Comparison – AvaTrade

 

AvaTrade

 

A. FUNDS SAFETY 3.52
A.1 Regulation FSC (BVI) = 0 rating | CYSEC (Cyprus) = 0 rating | FFMS (RU) = 2 rating | RAFMM (RU) = 2 rating | CBI (IR) = 3 rating | ASIC (AU) = 4 rating | FSC (NZ) = 3 rating | FSA (UK) = 5 rating | BAFIN (GE) = 5 rating | NFA (US) = 5 rating | CFTC (US) = 5 rating 0.8 *ASIC License No: (406684) *Regulated by Central Bank of Ireland *Licensed and regulated in Japan “Financial Service Agency *Financial Futures Association of Japan *Regulated by the Financial Services Board in South Africa
A.2 Headquarters Offshore Countries = 0 | Cyprus and similar = 1 rating | EU area = 3 rating | Australia and similar = 4 rating | USA, Germany, UK, Switzerland and similar = 5 rating 3 Five Lamps Place Amiens Street, Dublin 1 Dublin, Ireland
A.3 Years of Operation 0-1 Years Operation = 0 rating | 2-5 Years Operation = 2.0 rating | 5-10 Years Operation = 4 rating | 10+ Years Operation = 5rating 5 Founded since 2006
A.4 Client Bank Account Segregation Yes Provided =  5 rating | No it isn’t Provided = 0 rating 5 Yes
A.5 Web Ratings (Used for differentiating rating results) ForexPeaceArmy Rating 2.3
A. 6 Fine from Regulator No = 5 rating | Yes = 0 rating 5 There is no complaints about them fining regulators. But more often traders with scamming issues
                                B. TRANSACTION COST 3.40
B.1  EURUSD Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 3 1.8
B.2  GBPUSD Spread < 1.5 pip = 5 rating | <2 pip = 4 rating | < 2.5 pip = 3 rating | <3 pip = 2 rating | <3.5 pip = 1 rating 2 3.3
B.3 USDJPY Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 4 1.5
B.4 Gold spread < 3 pip = 5 rating | <3.5 pip = 4 rating | < 4 pip = 3 rating | <4.5 pip = 2 rating | <5 pip = 1 rating 3 4
B.5 Funding Commissions No Funding Fees = 2.5 rating | Yes = 0 rating  | No Withdrawal fee = 2.5 rating | Yes = 0 rating 5 All fees are covered by AvaTrade. However, charges may occur in card and bank wire
                               C. Executin 0.5
C.1 Execution ECN / DMA / STP Execution = 5 rating  | Dealing Desk Execution = 0 rating 0 Dealing Desk Execution
C.2 Slippage on Execution Slippage  < 0.5 pip =  4 rating | < 0.75 pip =  3.5 rating | < 1 pip = 3 rating | < 1.25 pip =  2.5 rating | < 1.5 pip = 2.0 rating | < 1.75 pip =  1.5 rating | < 2.0 pip = 1.0 rating 1 7.66
                               D. WITHDRAWAL 4
D.1 withdrawal speed < 1 business day = 5 rating | <2 business day = 4 rating | < 3 business day = 3 rating | <4 business day = 2 rating | <5 business day = 1 rating 5 within 1 day
D. 2 withdrawal issue no issue in the online = 5 rating  | 1~5 complains = 2 rating  | 5 above = 0 rating 2  check link (1)
D. 3 company withdrawal card Yes= 5 rating | No=0 rating 5  check link (2)
                                 E. Customer Service 4.3
E.1 local language CS or sales Yes= 5 rating | No=0 rating 5 Yes
E.2 Chat available Yes= 5 rating | No=0 rating 5 Yes
E.3 Avalable hour 24/7 Customer Support = 5 rating | 24/6 Customer Support = 4 rating | 24/5 Customer Support = 3 rating  | other = 1 rating 3 24/5 Customer Support
Total Average Rate 3.5

 

link (1): http://www.forexpeacearmy.com/community/threads/withdrawal-issue-with-avatrade.45088/

link (2):https://my.avatrade.com/ava_debit_card

Scoring Criteria:http://blog.land-fx.com/en/scoring/