AvaTrade is a reputable broker well-known for generous rebates and comprehensive customer service. The broker offers STP and Market Maker services. Colombian traders will benefit from strong copy trading and access to a demo account.
- Maryke Myburgh
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
We were seeking brokers who would welcome Colombian traders when we discovered AvaTrade and decided it was worth another look.
One way that AvaTrade distinguishes itself is by offering a variety of trading platforms. They provide popular replacements such as MetaTrader 4 and 5 in addition to their own platform, AvaTradeGO.
Furthermore, AvaTrade provides novel social trading capabilities via platforms such as ZuluTrade and DupliTrade. This is beneficial for Colombian traders who are still building their market trust. If you follow the techniques of experienced traders, you will learn more rapidly and have a better chance of success.
AvaTrade provides resources and information to help whether you are a beginner or an experienced trader. AvaTrade distinguishes apart because it is dedicated to making trading enjoyable and accessible to all users, regardless of experience level.
They demonstrate their commitment to assisting traders by providing several instructional tools, including in-depth video lessons and instructive articles on Sharp Trader.
In addition to ensuring that their platforms and services comply with local legislation, AvaTrade assists Colombian traders in many languages.
AvaTrade is committed to serving the Colombian market and recognizes its growing potential. The various accolades they have garnered, such as “Most Innovative Broker,” demonstrate their dedication.
All things considered, Colombian traders profit immensely from having access to personalized and dependable services like these, making AvaTrade the best option for navigating this turbulent market.
Since its inception in 2006, AvaTrade has become a major force in the forex trading industry. The corporation, headquartered in Dublin, Ireland, is known for its innovation and dependability, which has led to rapid global expansion.
Can Colombian traders use a mobile phone for trading with AvaTrade?
Colombian traders can use AvaTradeGO, AvaTrade’s mobile trading program, to trade on their cell phones and an active internet connection.
Is AvaTrade suitable for trading if I am a beginner?
Yes, AvaTrade is suitable for you as a beginner, as they provide training materials and intuitive trading interfaces to help new traders from Colombia get going.
AvaTrade Review At a Glance
| 🗓Established Year | 2006 |
| 🪪Regulation and Licenses | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 🌟Ease of Use Rating | 4/5 |
| 💰Bonuses | Yes, referral bonus |
| ⏰Support Hours | 24/5 |
| 📊Trading Platforms | AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade |
| 📈Account Types | Retail, Islamic, Professional |
| 💸Base Currencies | ZAR, USD, GBP, AUD |
| 📊Spreads | From 0.6 pips (Pro), 0.9 pips (Retail) on EUR/USD |
| 📈Leverage | 1:30 (Retail), 1:400 (Pro) |
| 💳Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 💰Minimum Deposit | 61,800 XAF ($100) |
| 💸Inactivity Fee | Yes, $50 after 3 months, $100 after 12 |
| 🗣Website Languages | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, etc. |
| ⚖️Fees and Commissions | Zero commissions; only the spread is charged |
| 📚Affiliate Program | Yes, Introducing Broker, Online Affiliate |
| 🏛️Banned Countries | United States, Belgium, Syria, Iran, New Zealand, Cuba |
| 💻Scalping | Yes |
| 🔎Hedging | Yes |
| ✴️Trading Instruments | Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, CFDs |
| 👉 Open Account | Open Account |
Regulation and Safety of Funds
AvaTrade’s Regulation in Colombia
AvaTrade is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). However, AvaTrade’s global regulations are listed in this table:
AvaTrade Global Regulations
| 🏛️Registered Entity | 🌎Country of Registration | 🔎Regulatory Entity | 📈Tier | 🪪License Number/Ref |
| AVA Trade EU Ltd | Ireland | CBI | 1 | C53877 |
| DT Direct Investment Hub Ltd. | Cyprus | CySEC | 2 | 247/17 |
| AVA Trade EU Ltd | Poland | KNF | 2 | 693023 |
| AVA Trade Ltd | British Virgin Islands | BVI | 3 | SIBA/L/13/1049 |
| Ava Capital Markets Australia Pty Ltd | Australia | ASIC | 1 | 406684 |
| Ava Capital Markets Pty | South Africa | FSCA | 2 | FSP 45984 |
| Ava Trade Japan KK. | Japan | JFSA, FFAJ | 1 | JFSA 1662 FFAJ 1574 |
| Ava Trade Middle East Ltd | UAE | ADGM | 2 | 190018 |
| ATrade Ltd | Israel | ISA | 2 | 514666577 |
| Friedberg Direct | Canada | IIROC | 1 | Friedberg Mercantile |
AvaTrade’s Protection of Client Funds
| 🛡️Security Measure | 🖺Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes |
| Compensation Amount | 20,000 EUR |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Is AvaTrade regulated as a broker in Colombia?
No, AvaTrade is not a regulated broker in Colombia, but it is regulated by financial authorities in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands.
How will AvaTrade keep Colombian traders’ money safe?
AvaTrade keeps all traders’ money safely in segregated accounts. Furthermore, your money is covered up to 20,000 EUR by a compensation fund if anything goes wrong with the broker.
AvaTrade Awards and Recognition
AvaTrade has been honored with numerous accolades throughout its history. The most recent accolades were identified after reviewing AvaTrade’s award list:
- According to FX Scouts, AvaTrade was the “Most Innovative Broker” for 2023.
- AvaTrade was awarded the 2023 “Best Online Trading Platform UAE” by Global Brands Magazine.
- In 2023, World Economic Magazine acknowledged AvaTrade as the “Most Reliable Trading Platform” in Latin America.
- In 2023, AvaTrade was awarded the “Best Affiliate Program” at the Jordan Financial Innovation Awards.
- In 2023, Finance Derivative recognized AvaTrade as the “Best Trading Platform” in Spain.
- In 2023, AvaTrade was recognized as one of the “Top 10 Hot Brands of the Year” by Ceoviews.
AvaTrade Account Types and Features
We believe that AvaTrade maintains a straightforward approach by utilizing a single retail account. Nevertheless, Colombian traders can anticipate competitive trading conditions on all available markets when engaging in transactions with them.
AvaTrade’s features were summarized in a table to provide Colombian traders with a concise overview, which is followed by a more detailed examination of the available options:
| Retail | Islamic | Professional | |
| ⚖️Availability | All traders | Muslim Traders | As per criteria |
| 📈Markets | All | Gold, Silver, Oil, Indices, Forex | All |
| 💳Commissions | None | None | None |
| 💻Platforms | All | All | All |
| 📊Trade Size | 0.01 lots – Unlimited | 0.01 lots – Unlimited | 0.01 lots – Unlimited |
| 📈Leverage | 1:30 | 1:30 | 1:400 |
| 💰Minimum Deposit | 390,000 COP ($100) | 390,000 COP ($100) | €500,000 portfolio |
AvaTrade Demo Account
As many Colombian traders might be nervous about entering the foreign exchange market for the first time, AvaTrade provides a comprehensive demo account that allows traders to reduce risk exposure and increase their confidence.
This account allows Colombian traders to experiment with multiple financial markets, learn about various platforms, and test their trading strategies without risking their own money by simulating real market conditions.
You receive a substantial $100,000 in virtual currency to test everything on the trial account and fine-tune your skills using various tactics.
Make immediate use of it, as this trial account is only valid for 21 days. Fortunately, you can access the entire platform, including various order types, real-time market analysis, and advanced charting capabilities.
After practicing in this risk-free environment, you can proceed to live trading if you are comfortable with the features and usability of various platforms. By doing so, we believe Colombian traders can enter the real market confidently.
AvaTrade Retail Account
We were quite impressed with AvaTrade’s retail account. It is simple to use and was created with the beginner in mind. This account has the advantage of not having to worry about commissions.
The only other fee associated with this account is a fixed spread, which can vary depending on the financial instrument. Nonetheless, the average spread for well-known forex pairs, such as EUR/USD, is around 0.9 pip, making them relatively competitive.
Another reason why this retail account is ideal for beginners is the low minimum deposit requirement of 390,000 COP ($100). Furthermore, you can hone your trading skills by leveraging up to 1:30.
AvaTrade offers a variety of sophisticated trading platforms, including MetaTrader 4 and 5, as well as user-friendly interfaces such as AvaTrade Web, AvaSocial, AvaTradeGO, and a few others.
AvaProtect™ is a cost-effective risk-management tool that comes with AvaTrade’s retail account. It helps protect your holdings from market fluctuations.
AvaTrade Professional Account
Once a trader meets AvaTrade’s qualifying standards, they can choose a Professional account. This account allows for more leverage than traditional retail accounts, resulting in more efficient capital allocation and higher earnings.
Colombians must have demonstrated significant trading activity in the previous year, hold a portfolio of financial instruments worth more than €500,000, or have relevant financial industry experience to be eligible for this account.
Traders using AvaTrade professional accounts have lower margin requirements, allowing them to experiment with strategies that would not be feasible with lower leverage.
Colombians must understand that while leverage can increase potential gains, it also increases risk exposure and requires a risk-management strategy.
AvaTrade Islamic Account
AvaTrade offers an Islamic account to meet the unique financial needs of Colombian traders who follow Sharia law.
With this account, you will not be charged swap fees for holding an overnight position. Instead, AvaTrade charges an administrative fee to keep open positions and ensure compliance with Islamic regulations.
Traders should be aware, however, that the trading terms for an Islamic account may differ slightly from those of a standard retail account. Before opening an Islamic account, Colombian traders should carefully read and understand these terms.
Can Colombian traders get more market exposure by using leverage with AvaTrade?
Yes, traders can use leverage. AvaTrade gives retail traders in Colombia leverage of up to 1:30.
Is there any way that people who follow Sharia laws can trade with AvaTrade’s retail accounts?
Yes, AvaTrade’s Islamic account adheres to Sharia laws and does not charge swap fees.
AvaTrade Account Registration
We found AvaTrade’s account opening process extremely easy, and verification was quick, allowing us to start trading in no time. Here’s how you can register an account with AvaTrade.
To get started with AvaTrade, Brazilians can follow these easy steps:
Step 1 – Visit the official website of AvaTrade.
Head to the AvaTrade website and click the orange “Open Trading Account” banner once the homepage loads.
Step 2 – Click on the Open Account button
Create your AvaTrade profile by providing your email address and creating a secure password. Once done, click the “Create My Account” banner to proceed. It will take a few seconds for your account to be created and the AvaTrade registration form to load.
Step 3 – Fill in all your personal details.
To complete registration, provide your first and last name, date of birth, and cellphone number. Next, select Brazil as your country of residence, provide your residential address, and select your account currency.
Complete the Financial Details Section, read and accept the Terms & Conditions, and wait for the account to be created.Access your dashboard and choose the trading platform that suits your needs from options like MT4, MT5, WebTrader, or AvaTradeGO. Upload a valid ID document, such as a Passport or driver’s license, along with a utility bill for address verification to verify your identity. Choose from a variety of convenient payment methods available for Colombian traders to fund your account and start trading!
Is there a minimum amount I must have to start trading with an AvaTrade account?
Yes, Colombian traders must deposit at least 390,000 COP ($100) to trade on an AvaTrade account.
What documents do I need to open an account with AvaTrade?
To open an account with AvaTrade, you must upload your driver’s license, passport, or other government-issued photo ID and a current utility bill or bank statement with your address stated.
AvaTrade Broker Comparison
| 🥇 AvaTrade | 🥇 FP Markets | 🥇 Exness | |
| 🗺️ Regulatation | CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao | CySEC, FSCA, ASIC, FSC, FSA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 💻 Trading Platform | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal |
| 💰 Withdrawal fee | No | Yes | No |
| 💳 Demo Trading Account | Yes | Yes | Yes |
| 💰 Minimum Deposit | 390,000 COP ($100) | 257,000 COP (AU$100) | 390,000 COP ($100) |
| 📊 Leverage | 1:30 (Retail) 1:400 (Pro) | 1:500 | Unlimited |
| 💰 Spreads | Fixed, from 0.9 pips | 0.0 pips | Variable, from 0.0 pips |
| 🚀 Commissions | None | From US$3 | From $0.1 per side per lot |
| 📊 Margin Call/Stop out | 25% – 50% (M) 10% (S/O) | 100%/50% | 60%/0% |
| 📊Order Execution | Instant | Market | Market |
| ❌No-Deposit Bonus | No | No | No |
| 🪙Cent Accounts | No | No | Yes |
| 📒 Account Types | Retail Account Pro Account Islamic Account | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 🏛️BCEAO Regulation | No | No | No |
| 💰XOF Deposits | No | No | No |
| 💻XOF Account | No | No | No |
| 📞Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 💳Retail Investor Accounts | 1 | 4 | 5 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 💰Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| 💸Maximum Trade Size | Unlimited | 50 lots | Unlimited |
| ⏰Minimum Withdrawal Time | 24 to 48 Hours | Instant | 24 hours |
| ⏲️Maximum Estimated Withdrawal Time | Up to 10 days | Up to 10 working days | 3 days |
| 💳Instant Deposits and Instant Withdrawals? | No | Yes | No |
| 👉Open Account | Open Account | Open Account | Open Account |
AvaTrade Trading Platforms
We were impressed by AvaTrade not only because of the variety of platforms it provides Colombian traders but also because of each platform’s strong functionality and benefits for traders from all countries. Continue reading to learn what we discovered while testing these platforms:
MetaTrader 4 and 5
We discovered that the MetaTrader 4 and MetaTrader 5 platforms provide Colombian clients a consistent and smooth trading experience.
All AvaTrade platforms are uniquely integrated with AvaProtect, which protects against trading losses. This function proved useful in our experiments, particularly when dealing with more volatile markets.
Despite the platforms’ large interfaces, novice traders will not find them overly complex, while experienced traders will appreciate advanced features such as real-time market updates and comprehensive charting capabilities.
Because the dashboard and alerts could be customized to our specific trading needs and preferences, our trading productivity increased even further. Thus, traders looking for a combination of traditional and innovative trading tools can confidently choose them.
AvaTradeGO
AvaTradeGO, the broker’s native mobile trading application, is extremely detailed and functional, even on a small screen.
The Market Trends program uses a feature that directly integrates with trader behavior analysis to measure market sentiment. This function assists in identifying potential trading partners based on current trends and behaviors.
According to our evaluation, the added convenience of managing multiple accounts and accessing complex charting options strengthens the position of this mobile platform.
In our opinion, the program offers straightforward, efficient trade administration and easy navigation.
AvaSocial
AvaSocial provides a unique and captivating platform for Colombian traders who want to broaden their trading skills and knowledge through community engagement.
We were drawn to AvaSocial’s social trading features because they are ideal for Colombian traders seeking to learn from the strategies and experiences of more experienced traders.
The platform’s user-friendly design makes it easy to find and follow elite traders, and the transparency of performance and approach fosters an informative learning environment.
Using this tool, trading community members can quickly follow and replicate the actions of their peers and mentors.
AvaTrade Web
The AvaTrade Web platform’s accessibility was the best part of our interaction. This online platform requires no downloads and can be accessed instantly from any device with an internet connection.
One-click trading, and real-time quotations are two important services easily accessible due to the interface’s simple design.
Including advanced risk management capabilities is especially beneficial because they are critical for traders in volatile markets where Colombian traders will do business.
Overall trading productivity increased due to the modules’ flexibility; thus, AvaTrade Web is an excellent choice for traders looking for a simple-to-use trading platform.
ZuluTrade
ZuluTrade, a peer-to-peer auto-trading platform offered by AvaTrade, stood out during our testing due to its strong copy-trading capabilities. We were pleased with the site’s algorithm because it ranks traders to follow based on various criteria, including profitability, trading style, and reliability.
The customization options controlled our copy trading preferences, allowing us to set risk thresholds and determine transaction sizes.
ZuluTrade is highly recommended for anyone looking to expand their trading strategies by collaborating with other experienced traders. This website will be extremely useful for Colombian traders who want to learn from the experiences of other traders.
DupliTrade
DupliTrade can help traders automate their trading procedures. After reviewing DupliTrade, we discovered that it simplifies copying automated trading systems.
The platform’s user interface is simple to use and maintain. Making educated strategy decisions becomes easier. This is useful for Colombian traders who want to use automated trading models rather than developing their own strategies.
AvaOptions
AvaOptions offers a specialized platform for option trading. This website provides various tools for implementing comprehensive options strategies, including customizable trade setups and market scenario simulation.
The program’s ability to visualize potential profit and loss scenarios helps traders make better decisions when trading options.
During our testing, we discovered that these tools are especially useful for developing strategies that capitalize on market volatility, which may be critical for Colombian traders who must adapt to changing market conditions.
Thus, AvaOptions is ideal for Colombian traders looking for a platform for complex, strategic options trading while focusing on risk management and scenario planning.
Do Colombian traders need access to a desktop computer to trade online with AvaTrade?
No, AvaTrade provides online trading on its bespoke mobile app that can be used on a mobile phone.
What options do Colombian traders have for duplicate trading with AvaTrade?
AvaTrade provides the opportunity for duplicate trading through platforms like ZuluTrade and DupliTrade.
AvaTrade Range of Markets
AvaTrade’s large range of instruments is spread across several markets, exposing Colombian traders to various trading opportunities. Join us as we explore each instrument and how they can help traders achieve their trading objectives.
FXOptions
AvaTrade offers a diverse selection of FXOptions, allowing Colombian traders to take advantage of both upward and downward market trends. With leverage of up to 1:30, traders can amplify their trading potential.
The platform’s integration with Autochartist, a powerful tool that scans the market for trading opportunities, can greatly benefit Colombian traders who rely on technical analysis in their trading strategies.
Stocks
AvaTrade offers a wide range of global stocks for you to choose from. Through the broker’s single-share CFDs, Colombian traders can access global companies without the requirement of investing in physical shares.
In our experience, investing in various stocks from different markets can help spread risk and potentially capitalize on global market trends.
Energies
AvaTrade offers a diverse range of energy commodities, such as oil, natural gas, and gasoline. These may be especially attractive to Colombian traders interested in trading commodities impacted by global economic and political events.
Furthermore, with AvaTrade’s leverage of up to 1:10 on these instruments, traders can increase their profits.
Options
Colombians can easily explore AvaTrade’s AvaOptions platform dedicated to options trading. With over 40 forex options and a variety of precious metals, you have a wide range of choices to consider.
We believe this can offer Colombian traders the flexibility to trade options contracts that match their market views and risk tolerance.
Cryptocurrency
AvaTrade provides a range of well-known cryptocurrencies, such as Bitcoin, Ethereum, and Ripple. Thanks to the broker’s robust security measures and commission-free trading, Colombian traders can confidently trade these digital assets.
The AvaTradeGO mobile app is highly beneficial for trading cryptocurrencies due to the market’s continuous availability.
Forex
AvaTrade provides various currency pairs, ranging from major pairs to more unique, emerging options.
Furthermore, we want to highlight the benefits that Colombian traders can enjoy in the forex market. They can make the most of the market’s high liquidity and 24/5 operational hours thanks to competitive spreads and high leverage of up to 1:30.
In addition, for forex trading, the MetaTrader platforms offer a range of advanced charting tools and indicators that can be highly beneficial.
Precious Metals
AvaTrade provides many precious metals, such as gold, silver, platinum, and palladium.
These assets offer a valuable safeguard against inflation and currency fluctuations, giving Colombian traders an additional means of diversifying their portfolios. The AvaOptions platform is a valuable tool for trading options on precious metals.
Bonds
AvaTrade offers a range of government bonds for you to choose from. These investments may attract Colombian traders seeking more stable options that generate income. With their extensive charting and analysis tools, we found that the MetaTrader platforms are well-suited for bond trading.
ETFs
AvaTrade offers a wide selection of ETFs, allowing Colombian traders to gain diversified exposure to different market sectors without the hassle of purchasing individual assets. With the broker’s competitive spreads and high leverage, ETF trading has the potential to be quite profitable.
Commodities
AvaTrade offers a wide range of commodities, including agricultural products like coffee and sugar and metals and energies. These options allow Colombian traders to take advantage of global economic trends.
For commodity trading, we can recommend the MetaTrader platforms as they offer a range of advanced charting tools and indicators that can be highly beneficial.
Indices
AvaTrade offers a variety of global indices, allowing Colombian traders to gain exposure to a wide range of markets. Traders can potentially profit from these indices’ movements with AvaTrade’s competitive spreads and leverage.
Furthermore, our testing showed that the AvaTradeGO mobile app is incredibly helpful for trading indices, thanks to its easy-to-use interface and up-to-the-minute market data.
AvaTrade Leverage and Margin
While researching AvaTrade’s offerings to Colombian traders, we came across a unique approach to margin and leverage that seeks to maximize traders’ abilities. The leverage at AvaTrade is not set in stone but rather adapts to the financial instrument being traded and the trader’s account equity.
To help Colombian traders make the most of their lower initial deposits, AvaTrade allows a maximum leverage of 1:30 for forex trading. Traders with a firm grasp of the foreign exchange market dynamics and good risk management techniques would find this feature handy.
Traders on commodities, indices, and exchange-traded funds (ETFs) have the opportunity to potentially raise their earnings with AvaTrade’s leverage.
From our experience with leverage, we can caution Colombians that while it’s true that leverage can increase earnings, it’s also important to remember that it can magnify losses.
Leverage and margin go hand in hand. The amount needed to keep open positions at AvaTrade is called the margin requirement.
With AvaTrade’s tiered margin system, margin requirements are dynamically adjusted based on the size of the position. Traders will never be in the dark about the margin requirements for their trades, thanks to this technology.
Our research shows that when it comes to margin and leverage, AvaTrade puts traders first. Responsible risk management is encouraged, and Colombian traders are given more flexibility across various financial products.
As part of their service, AvaTrade offers Colombian traders a wealth of training materials and support to help them understand and deal with the ins and outs of margin and leverage trading.
How many currency pairs can Colombian traders trade with AvaTrade?
AvaTrade offers more than 50 currency pairs for trading on their platform.
Why does AvaTrade offer traders in Colombia such a small leverage ratio?
AvaTrade offers traders in Colombia only a 1:30 leverage because it operates according to the ESMA regulation that restricts the ratio to 1:30.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
AvaTrade Fees
Colombians can calculate their trading fees accurately because AvaTrade does not charge commissions and instead charges fixed spreads on trades. The rest of AvaTrade’s trading and non-trading fee schedules are transparent to all traders. Take note of the following fees:
AvaTrade Spreads
Because AvaTrade mostly uses set spreads, even in a volatile market, the difference between buying and selling prices is relatively constant.
Colombian traders will greatly benefit from this consistency. You can easily calculate your trading costs because, for example, the spread for the EUR/USD pair is frequently around 0.9 pips.
AvaTrade Commissions
AvaTrade does not charge commissions to Colombian traders who trade on the listed assets. This method complements the fixed spread system by eliminating the need to factor in additional fees on top of spreads, ensuring traders know exactly how much they spend on trading strategies.
AvaTrade Overnight Fees
AvaTrade charges rollover interest – also called swap costs – on overnight holdings.
These fees are applied daily, depending on the asset being exchanged. These swap rates are easily visible on the AvaTrade platform, allowing traders to budget for these costs.
AvaTrade Deposit and Withdrawal Fees
We were pleased to learn that AvaTrade does not charge fees for deposits or withdrawals using the most commonly accepted payment methods, including debit/credit cards and certain e-wallets.
AvaTrade Inactivity Fees
AvaTrade charges an inactivity fee to traders whose accounts have been dormant for a long time; therefore, traders should conduct at least one transaction every three months to avoid this fee.
AvaTrade Currency Conversion Fees
If Colombian traders have an AvaTrade account denominated in a currency other than their bank account’s base currency, currency conversion fees may apply to deposits and withdrawals.
Does AvaTrade charge overnight fees for Colombian traders using all its accounts?
No, AvaTrade does not charge such fees on its Islamic accounts but does charge it on all other accounts used by Colombian traders.
Does AvaTrade charge inactivity fees when Colombian traders don’t use their accounts long?
AvaTrade charges inactivity fees, so traders must avoid that extra cost by regularly trading.
AvaTrade Deposits and Withdrawals
AvaTrade provides traders with dependable, traditional payment options that support a wide range of currencies; however, Colombian traders cannot deposit or withdraw funds in COP.
The table below summarizes the available payment options and provides detailed instructions on how Colombians can deposit and withdraw using each payment type:
| 💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
| Bank Wire Transfer | All | USD, EUR, GBP, AUD | 24 hours to 10 days |
| Credit/Debit Card | All, except Canada | USD, EUR, GBP, AUD | 24 – 48 hours |
| PayPal | All | USD, EUR, GBP, AUD | 24 – 48 hours |
| WebMoney | All except the EU or Australia | USD, EUR, GBP, AUD | 24 – 48 hours |
| Neteller | All except the EU or Australia | USD, EUR, GBP, AUD | 24 – 48 hours |
| Skrill | All except the EU or Australia | USD, EUR, GBP, AUD | 24 – 48 hours |
AvaTrade Deposits
How to Deposit using Bank Wire Step by Step
- Go to the ‘Deposit’ section of your AvaTrade dashboard and select ‘Bank Wire Transfer.’
- Obtain AvaTrade’s banking information for the wire transfer, then visit your bank (in person or online) and initiate the wire transfer.
- Enter the amount you wish to deposit in an accepted currency (USD, EUR, GBP, or AUD) and complete the transaction.
- Keep the reference number or receipt for your records.
- Depending on your bank and region, it could take between 24 hours to 10 days for the money to appear in your account.
How to Deposit using Credit or Debit Card Step by Step
- Navigate to the ‘Deposit’ section of your AvaTrade dashboard and select ‘Credit/Debit Card’ from the list of options.
- Please enter your credit or debit card number, CVV code, and expiration date.
- Choose one of the supported currencies (USD, EUR, GBP, or AUD) and enter your deposit amount.
- Confirm the transaction. Normally, your account will be credited within 24-48 hours.
How to Deposit using Cryptocurrency Step by Step
- Log in to your AvaTrade account, navigate the deposit options, and select your preferred cryptocurrency.
- AvaTrade will give you a unique wallet address and a list of available cryptocurrencies.
- Transfer funds from your personal digital wallet to the AvaTrade address.
- Your account should be credited within one day.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Access the ‘Deposit’ area of your AvaTrade account and select an e-wallet from the various deposit alternatives (PayPal, WebMoney, Neteller, or Skrill).
- After being redirected to your e-wallet, enter the deposit amount and confirm the transaction.
- Generally, e-wallet deposits are processed within 24 to 48 hours.
AvaTrade Withdrawals
How to Withdraw using Bank Wire Step by Step
- Navigate to the ‘Withdrawal’ section of your AvaTrade account and select ‘Bank Wire Transfer.
- Provide your bank name, SWIFT code, and account number.
- Enter your withdrawal amount in a supported currency.
- Submit a withdrawal request.
- Processing time could range from 24 hours to ten days.
How to Withdraw using Credit or Debit Cards Step by Step
- Go to the ‘Withdrawal’ section of your AvaTrade account and select ‘Credit/Debit Card’ as your withdrawal method.
- If not stated otherwise, the same card used to deposit funds will be used to pay you.
- Confirm the information is correct and enter the withdrawal amount.
- Credit or debit card withdrawals are completed within 24 to 48 hours.
How to Withdraw using Cryptocurrency Step by Step
- Start the withdrawal process by logging into your AvaTrade account and selecting the option to withdraw in crypto.
- Provide the address of your cryptocurrency wallet and enter the withdrawal amount in the chosen cryptocurrency.
- Submit the withdrawal request.
- Crypto withdrawal times vary according to the confirmation of the specific blockchain.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Log into your AvaTrade account and navigate to the ‘Withdrawal’ section.
- Select your preferred e-wallet (PayPal, WebMoney, Neteller, or Skrill) and enter the withdrawal amount.
- Confirm and submit your request.
- Transactions can take up to 48 hours before funds are credited to your bank account.
Why can’t I withdraw funds from my AvaTrade account into another account than the one I used when I deposited?
AvaTrade expects you to withdraw money using the same account you used to deposit money to prevent money laundering.
How long will I wait if I withdraw to my credit card with AvaTrade?
If you withdraw with your credit card, you may have your money within 24 hours but definitely should have it within 48 hours.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Desk
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
AvaTrade Education and Research
We’ve found several reputable sources that name AvaTrade as the best forex and CFD broker for beginner and experienced traders, especially those in Colombia.
AvaTrade offers comprehensive educational materials and a range of tools and research to help traders make improved trading decisions.
Trading Strategies
AvaTrade provides a range of trading strategies specifically designed for Colombian traders. These strategies encompass a range of market approaches, catering to different market conditions and trader preferences, from day trading to swing trading.
This resource offers valuable insights for traders looking to expand their strategies or improve their current ones. Traders in Colombia can easily adjust these strategies to suit the unique characteristics of the local market.
In addition, the strategies effortlessly blend with AvaTrade’s trading platforms, providing traders with a convenient way to implement them in real time.
Trading Platform Tutorials
AvaTrade offers comprehensive tutorials on its trading platforms, such as MetaTrader 4 and MetaTrader 5, AvaTradeGO, and AvaOptions. These tutorials provide clear instructions on navigating the platform, executing trades, and making the most of advanced features.
They provide services for both beginners and experienced traders, ensuring that all users can maximize their chosen platform. These tutorials are designed to help Colombian traders trade confidently and efficiently across various instruments, including forex and commodities.
Market Terms
A good grasp of market terminology is crucial for successful trading, and AvaTrade’s glossary of market terms is a valuable resource for Colombian traders.
This extensive glossary provides definitions for various terms, ranging from fundamental concepts like ‘bull market’ and ‘bear market’ to more advanced ones like ‘liquidation.’
In our opinion, this resource makes trading jargon easier to understand, helping beginners in Colombia better comprehend market analyses and make informed decisions.
Online Trading Strategies
AvaTrade’s comprehensive guide to online trading strategies explores the various methodologies that lead to successful trading in a wide range of markets, including forex, stocks, and commodities.
This guide can help Colombian traders develop a trading approach that is in line with their goals and risk tolerance.
We found that it highlights the importance of having a well-thought-out strategy to achieve success in trading and provides practical advice on adjusting strategies to the Colombian market’s unique characteristics.
Order Types
A good grasp of various order types is essential for success in trading. AvaTrade provides a comprehensive explanation encompassing everything from basic market orders to more intricate conditional orders.
Traders in Colombia acquire valuable expertise in executing trades with precision and effectively managing risk. This knowledge is crucial for navigating dynamic markets, seizing opportunities, and safeguarding against potential losses.
Holiday Hours
AvaTrade’s holiday hours schedule offers Colombian traders’ valuable information regarding trading hours during both global and local holidays.
This resource assists traders in effectively planning their activities, ensuring they stay informed about market closures or periods of thin and volatile trading.
With this tool, managing trades around Colombian holidays becomes more convenient. It considers that local market conditions may vary from the global market during these periods.
Trading Central
Trading Central provides AvaTrade users with sophisticated analytical tools and valuable insights, greatly benefiting Colombian traders.
We found that Colombians can gain access to expert analyses and forecasts on assets that are relevant to their market. This resource provides valuable information for making real-time trading decisions and adjusting strategies, which can potentially improve trading performance.
Trading Signals
AvaTrade’s trading signals provide practical trading ideas, which can be especially valuable for Colombian traders looking to capitalize on opportunities in both domestic and global markets.
These signals, provided by experienced analysts, offer comprehensive analyses with suggested entry, stop-loss, and take-profit levels. Traders in Colombia can benefit from these expert recommendations to effectively navigate the complexities of the market and enhance their trading strategy.
Educational Articles
From current market trends to advanced trading strategies, Colombian traders may find up-to-date and relevant information in the educational articles provided by AvaTrade.
Written by seasoned traders and market analysts, these articles offer valuable insights that can be used to improve trading techniques.
We believe these resources are an essential tool for Colombian traders to monitor both international and domestic markets, allowing them to adjust their tactics in reaction to economic data and market shifts.
Technical Analysis Indicators and Strategies
Technical analysis indicators and methods on AvaTrade are extensive, providing Colombian traders with the resources they need to make informed decisions based on market trends and price movements.
Our examination of the resource found that trading indicators such as moving averages, relative strength indexes (RSI), and Fibonacci retracements are explained in this resource, along with strategies for using them.
Colombian traders, particularly those trading in the highly unpredictable currency and commodities markets, can greatly benefit from a thorough understanding of these indications.
Trading Rules
All traders are expected to adhere to the operational and regulatory framework outlined in the trading regulations section at AvaTrade. Colombian traders must comply with all applicable laws and regulations, domestic and foreign, so they can trade confidently and avoid legal trouble.
Economic Calendar
Traders in Colombia rely heavily on AvaTrade’s economic calendar, which details when key economic events will take place and how they can affect market prices.
To take advantage of any market volatility, traders can use this calendar to organize their trading operations around these occurrences. The economic calendar helps Colombian traders, especially those involved in the stock and FX markets, time their trades better.
Fundamental and Technical Analysis
To help Colombian traders evaluate the market more holistically, AvaTrade provides information for both technical and fundamental analysis.
This grants you entry to in-depth studies that take statistical data, market trends, and economic indicators into account. This two-pronged strategy allows traders to better respond to both the market and the economy’s short- and long-term developments.
Educational Videos
AvaTrade’s library of educational videos is a dynamic learning resource for Colombian traders. These videos cater to learners of all levels, covering a wide range of topics from basic trading concepts to advanced strategies.
Furthermore, we found that with this resource, Colombian traders have the opportunity to conveniently enhance their trading knowledge and skills at their own pace and schedule.
Trading Calculator
Using the trading calculator provided by AvaTrade is crucial for Colombian traders, as it allows for fast and precise calculations of potential profits, losses, and trading costs. This tool streamlines trading calculations, assisting traders in effectively managing risk and strategizing trades with precision.
Trading for Beginners (Currency Trading, Copy Trading, Financial Derivatives)
New Colombian traders can find the basics of trading, including currency trading, copy trading, and financial derivatives, in AvaTrade’s “Trading for Beginners” section.
This resource breaks down intricate trading ideas into manageable chunks, making them easier for beginners to grasp and use in the trading market.
If Colombian traders use this resource, they will be better prepared to enter the trading environment with a firm grasp of trading procedures and market dynamics. Copy trading is a great addition since it gives new traders a chance to learn by emulating the moves made by more seasoned traders.
Trading Guides
From general market information to more targeted trading tactics, AvaTrade has you covered with its extensive library of trading tips. Colombian traders can benefit from these comprehensive manuals because of the thorough instructions and insightful commentary they provide.
Traders in Colombia can find useful information in these tutorials to assist them in comprehending commodity trading and navigating the tumultuous forex market. With this knowledge, they can make better judgments and improve their trading techniques.
How to Trade with MetaTrader 5 (Guide)
AvaTrade’s “How to Trade with MetaTrader 5” instruction is indispensable for Colombian traders utilizing or intending to utilize this sophisticated trading platform.
We found that it provides an in-depth tutorial on how to use the platform’s functions, such as creating charts, making trades, and analyzing the market. To improve their trading results, Colombian traders can use this guide to make the most of MetaTrader 5 and all of its advanced features.
Algorithmic Trading on MT5 (Guide)
The “Algorithmic Trading on MT5” tutorial from AvaTrade explores automated trading using MetaTrader 5. Traders in Colombia can learn everything they need to know to program, test, and use trading bots with this program.
Colombian traders have unlimited access to a resource covering all the bases for algorithmic trading, from optimizing trading robots and backtesting strategies to writing expert advisors.
Do Colombian traders get access to educational videos on the AvaTrade website?
Yes, Colombian traders can access educational videos on certain aspects of trading on the AvaTrade website’s educational section.
Does AvaTrade provide webinars where new Colombian traders can learn to trade?
No, AvaTrade does not offer webinars, but they do provide several other options where traders can go for advice.
AvaTrade Bonuses and Promotions
After conducting a comprehensive evaluation of AvaTrade’s “Refer a Friend” promotion, we are confident in its potential to provide Colombian traders with an outstanding opportunity.
This unique feature is created to encourage existing traders to introduce new clients to the platform, and our analysis shows that it is designed to offer benefits for both the referrer and the referred friend.
The bonus system is structured in tiers, offering rewards ranging from $50 to $250 based on the initial deposit made by the referred friend.
This tiered approach can be a strong incentive for Colombian traders to engage and actively participate in the program. To qualify for the bonus, the friend you refer will need to fulfill specific criteria, including making a minimum initial deposit and completing a designated number of trades.
One of the attractive features of this promotion is its potential to foster a community of acquainted traders, encouraging a sense of camaraderie and shared expertise.
This can be especially beneficial for Colombian traders, enabling them to expand their local and international trading networks. In addition, the “Refer a Friend” bonus improves the overall trading experience on AvaTrade by encouraging traders to promote the platform and earn financial rewards.
Does AvaTrade provide any benefits for Colombian traders?
Yes, AvaTrade provides a referral bonus to Colombian traders who successfully refer new members to their platform.
Do incentives on AvaTrade have an expiry date for Colombian traders?
Yes, incentives on AvaTrade sometimes have expiry periods, and Colombian traders should familiarize themselves with these terms before participating.
AvaTrade Affiliate Programs
From what we gathered in our comprehensive review, AvaTrade stands out as one of the best partners in trading. Keep reading to learn more about partnering with AvaTrade through its lucrative affiliate program and how you can join.
Features
AvaPartner, the affiliate network of AvaTrade, offers a structured commission scheme for Colombian partners to earn substantial earnings.
During our examination, we found that the platform offers various commission options, including revenue sharing, CPA (Cost Per Acquisition), and hybrid, allowing partners to choose a plan that suits their audience and traffic requirements.
Furthermore, the CPA model can generate substantial profits, with partners earning up to $1,000 for each qualified trader they bring to AvaTrade.
We also found that AvaPartner’s transparent reporting system allows affiliates to track referrals, examine key performance indicators, and adjust their advertising campaigns in real time.
We believe this transparency is crucial for partners to evaluate their progress and maximize their strategies. The extensive marketing resources available to partners include banner ads, landing pages, and more.
In addition, AvaTrade keeps these resources updated and relevant to make their marketing campaigns more effective.
AvaPartner also has a staff team of seasoned account managers who provide dedicated support to affiliates.
These experts can provide Colombian affiliates with tailored advice on mastering affiliate marketing complexities and honing their advertising strategies, which is especially helpful for new partners who may need help when starting marketing.
How to Register an Affiliate Account with AvaTrade Step-by-Step
Brazilians who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Select Register Now
Access the official website of AvaTrade and navigate to the “Partners” section from the homepage.
👉Step 2 – Select AvaTrade’s Exclusive Partners Program
In the partner’s section, locate and click on the “AvaTrade’s Affiliate Program” link, which is mentioned in a sentence highlighting the program’s many advantages.
👉Step 3 – Select “Become a Partner”.
Begin the registration process by selecting the “Become a Partner” banner, leading you to the detailed registration form.
👉Step 4 – Select Person or Company and Complete the information requested.
Please ensure that you provide accurate information when completing the registration form. This should include your contact details and a customized description of your promotional strategy specifically designed for the Colombian market.
Select a payment method that aligns with your personal preferences for receiving commissions and finalize the registration process by submitting the required form. Once AvaTrade approves your account, you will be given a unique Associate ID. This ID will allow you to begin your affiliate activities in Colombia.
How can Colombians make money out of the AvaTrade Affiliate program?
Colombian affiliates can make money as affiliates through commissions based on the number of new clients, they get for AvaTrade as well as on the volume of trading by those clients.
What do I need to join the AvaTrade Affiliate Program?
You need an active platform to market the broker, like a website, social media accounts, or a planned email campaign.
AvaTrade Customer Support
AvaTrade is praised for its dedicated, multilingual, and professional customer support. In the next two tables, we provide information on general customer support options and our testing of AvaTrade’s response times.
Customer Support
| 📞Customer Support | 🗣️AvaTrade Customer Support |
| ⏰Operating Hours | 24/5 |
| 🗣️Support Languages | Multilingual |
| 🗨️Live Chat | Yes |
| 📧Email Address | – |
| 📞Telephonic Support | Yes |
| 🌟The overall quality of AvaTrade Support | 5/5 |
Response Time
| Support Channel | Average Response Time | User-based Response Time |
| 📞Phone | 5 minutes | 2 – 5 minutes |
| 1 working day | Same-day | |
| 🗨️Live Chat | 5 – 10 minutes | 2 – 5 minutes |
| #️⃣Social Media | 1 hour | 2 – 5 minutes |
| 🗣️Affiliate | 1 working day | Same-day |
Can Colombian traders communicate with AvaTrade’s customer service via phone calls?
Yes, Colombian traders can phone AvaTrade’s customer service and should get help within minutes.
Is AvaTrade’s customer support available over weekends?
No, the customer support team at AvaTrade is unavailable over weekends but should get back to you on the first working day following your inquiry.
AvaTrade Social Responsibility
Experienced analysts like us have looked closely at AvaTrade’s strategy and operations, paying special attention to the company’s CSR initiatives. There are several indications that AvaTrade places a premium on social responsibility in its operations, even if it does not publish a traditional CSR report.
Firstly, AvaTrade’s dedication to empowering traders is evident in its heavy focus on offering comprehensive training tools.
The traders at AvaTrade are given the tools they need to make smart selections by providing them with a wealth of educational resources like webinars, eBooks, and videos.
We also found that AvaTrade’s tools are available to the general public, demonstrating its commitment to education and its desire to promote financial literacy and inclusion, going beyond its customer base.
The second important thing is that AvaTrade encourages responsible trading and ethical financial behavior.
Furthermore, to promote ethical trading, AvaTrade provides resources such as tools and advice to traders, allowing them to manage risks better and make rational decisions. This includes actions such as promoting open trading procedures and providing protection against negative balances.
Finally, AvaTrade demonstrates its dedication to ethical and responsible operations by strictly adhering to regulatory norms in multiple jurisdictions worldwide. We found that several top-tier regulators oversee the company’s operations.
In our experience, AvaTrade guarantees that it is honest with its clients. Treats them fairly, and keeps its finances transparent by staying in line with these regulatory authorities
Conclusion
After carefully reviewing AvaTrade as a forex and CFD broker, we believe it is a reliable platform for Colombian traders. Traders have a wide range of financial products, including many CFDs and currency pairings, giving them numerous opportunities to participate in global markets.
They provide high-leverage options, which traders should use cautiously because they can be profitable and risky.
We must also commend AvaTrade for its diverse range of trading instruments and commitment to education. Furthermore, we like how traders can practice without risking real money using a 21-day demo account.
Unfortunately, AvaTrade does not support local currencies, so that Colombian traders may incur additional costs. Our experience with AvaTrade indicates that, despite a few flaws, it is a dependable broker that provides excellent resources to Colombian traders in the FX and CFD markets.
AvaTrade User Comments and Reviews
“The AvaTradeGO app for your phone is a great tool! Checking the accounts and sending money quickly is also cool.”
“What I like best about AvaTrade is that I could learn much from them. They helped me to make better trading decisions.”
“I have been trading forex for a while and wanted to give up, then I discovered AvaTrade and now am more successful thanks to their good service and straightforward ways.”
“It was nice to get a good account manager who did his best to assist me. He provided all the support I required and was very professional all the time – despite my dumb questions.”
Our Recommendations on AvaTrade
Even though AvaTrade is such a dependable forex and CFD broker for Colombians, we still think that it can improve in several areas, such as:
They can add mobile money services, which are used more in Colombia.
Training and forex and CFD trading seminars can also be held in Colombia’s main cities, as traders need info on using AvaTrade’s platforms, tools, and risk management tools.
Adding deposit and withdrawal options in Colombian Pesos will make it more appealing for local traders.
If AvaTrade gets the cooperation of local banks and financial groups, it would speed up financial transactions and offer Colombian traders better financial solutions.
Our Insight
Based on my research, AvaTrade appears to be a regulated broker whose major focus is on beginners’ education. They use user-friendly platforms and mobile apps to provide CFD as well as forex trading on a range of assets. Keep in mind that the trading of CFDs is highly speculative and may result in the loss of your entire portfolio.
AvaTrade Pros & Cons
| ✅Pros | ❌Cons |
| Colombians can trade a range of markets with AvaTrade using several powerful platforms | Deposits and withdrawals in COP aren’t supported |
| AvaTrade has extensive educational materials and trading tools | There are inactivity fees charged on dormant accounts |
| There are several proprietary and third-party platforms available to Colombians | Withdrawal times can be extremely slow |
| Professional traders can use leverage of up to 1:400 | AvaTrade is not regulated in Colombia |
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Frequently Asked Questions
Is AvaTrade a dependable brokerage?
Yes, AvaTrade is dependable. Multiple financial authorities already regulate it, like the Central Bank of Ireland, ASIC in Australia, and the FSCA in South Africa.
What market instruments can I trade with AvaTrade?
With AvaTrade you can trade various markets, including forex, cryptocurrencies, commodities, stocks, and indices.
How many account types does AvaTrade offer?
Apart from AvaTrade’s demo account, the brokerage also offers 3 other accounts – a retail, a professional, and an Islamic account.
Is customer support easily available with AvaTrade?
Yes, AvaTrade offers multilingual customer support through phone, email, and live chat, although only 5 days per week.
Does AvaTrade offer enough trading platforms for traders with different needs?
Yes, AvaTrade offers 8 platforms, including MetaTrader 4 and 5, and several bespoke and mobile platforms.