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AvaSocial

AvaSocial is a forex and CFD broker established in 2006 and headquartered in Ireland. The broker is known for its proprietary trading platform, which supports a wide range of instruments including indices, commodities, gold, oil, cryptocurrency CFDs, and ETFs. With a minimum deposit of $100 and maximum leverage of 1:400, AvaSocial caters to both retail and more active traders.

The broker offers several account types, including ECN/Raw, Demo, and Copy trading accounts, emphasizing transparency and social trading features. AvaSocial holds regulation from the Central Bank of Ireland (CBI) and the Australian Securities and Investments Commission (ASIC), adding a layer of credibility and oversight.

3.9/5
Overall Score
Visit AvaSocial
2006
Founded
Ireland
Headquarters
$100
Min Deposit
1:30
Max Leverage
250
Forex Pairs

About AvaSocial

What Is AvaSocial?

AvaSocial is a forex and CFD broker established in 2006 and headquartered in Ireland. The broker is known for its proprietary trading platform, which supports a wide range of instruments including indices, commodities, gold, oil, cryptocurrency CFDs, and ETFs. With a minimum deposit of $100 and maximum leverage of 1:400, AvaSocial caters to both retail and more active traders.

The broker offers several account types, including ECN/Raw, Demo, and Copy trading accounts, emphasizing transparency and social trading features. AvaSocial holds regulation from the Central Bank of Ireland (CBI) and the Australian Securities and Investments Commission (ASIC), adding a layer of credibility and oversight.

Who Is AvaSocial Best For?

AvaSocial is well-suited for traders who prefer a proprietary platform and want access to a broad range of forex pairs (250) and CFDs on commodities, gold, oil, crypto, and ETFs. The availability of ECN/Raw accounts appeals to cost-conscious traders who value tight spreads (though specific numbers are not disclosed) and direct market access. Copy trading functionality makes it attractive for beginners or those who wish to mirror the strategies of experienced traders.

However, AvaSocial may be a weaker fit for traders who rely on third-party platforms like TradingView, those seeking micro accounts for very small position sizes, or investors interested in trading real cryptocurrencies or individual stocks and ETFs. The lack of specified scalping and EA/algo trading policies might also deter algorithmic or high-frequency traders.

Is AvaSocial Safe and Regulated?

AvaSocial is regulated by two major financial authorities: the Central Bank of Ireland (CBI) and the Australian Securities and Investments Commission (ASIC). These regulators impose strict operational standards, including client fund segregation and negative balance protection, which are both offered by AvaSocial. This regulatory framework provides traders with a level of security and recourse, ensuring the broker adheres to financial conduct rules.

Being regulated in both Europe and Australia means AvaSocial must comply with robust capital adequacy and reporting requirements. For traders, this translates to a safer trading environment and reassurance that their funds are held separately from the broker's operational capital.

Primary regulator
All licenses heldCBI,ASIC
Segregated client fundsYes
Negative balance protectionYes

Trading with AvaSocial

Account Types

Standard AccountECN AccountIslamic (swap-free)Demo AccountPAMM AccountMicro AccountCopy Trading

Trading Platforms

MetaTrader 4MetaTrader 5cTraderTradingViewProprietary Platform

Markets You Can Trade

250 Forex PairsIndicesCommoditiesGold & OilCrypto CFDsReal CryptoStocks & ETFs

Fees and Costs Explained

AvaSocial's fee structure is primarily determined by the account type chosen. The ECN/Raw account likely features a commission-based pricing model, while other account types may incorporate spreads. The broker does not charge withdrawal fees, and withdrawal requests are processed within one business day, which is efficient. Deposit methods include credit/debit cards, bank wire transfers, and e-payments like Skrill and Neteller, offering flexibility for funding.

While specific spread or commission figures are not provided, traders should be aware that costs will vary based on account type and market conditions. The minimum deposit of $100 is moderate, making the broker accessible to a range of traders. Since no fee is charged by the broker for withdrawals, the main costs are likely to be spreads and any applicable commissions on ECN accounts.

Deposits and withdrawals

Deposit methodscredit/debit cards, bank wire transfers, and e-payments like Skrill and Neteller
Withdrawal time1 business day
Withdrawal feesNo fee from broker
Inactivity feeNone charged

Trust and verdict

Pros and Cons

Pros
  • Regulated by CBI (Ireland) and ASIC (Australia)
  • Segregated client funds and negative balance protection
  • 250 forex pairs โ€“ a wide selection
  • Offers ECN/Raw account type for direct market access
  • Copy trading available on proprietary platform
  • No withdrawal fee from broker and fast 1-day processing
Cons
  • No TradingView support
  • No micro accounts for very small trade sizes
  • Does not offer real cryptocurrency trading or stocks/ETFs
  • Minimum deposit of $100 might be high for some beginners
  • Scalping and EA/algo trading policies not specified

Trust Signals

0
not_found
Trustpilot status
20 yrs
Operating since 2006

Frequently Asked Questions

Is AvaSocial regulated?

Yes, AvaSocial is regulated by two major authorities: the Central Bank of Ireland (CBI) and the Australian Securities and Investments Commission (ASIC). This ensures the broker adheres to strict financial standards, including client fund segregation and negative balance protection.

What is the minimum deposit for AvaSocial?

The minimum deposit required to open an account with AvaSocial is $100. This is a moderate threshold that makes the broker accessible to a wide range of traders.

Does AvaSocial offer an Islamic account?

The fact sheet does not specify whether AvaSocial offers Islamic accounts (swap-free). It is recommended to contact the broker directly to inquire about the availability of such accounts.

What deposit methods are available at AvaSocial?

AvaSocial accepts credit/debit cards, bank wire transfers, and e-payments such as Skrill and Neteller. These methods provide flexibility for funding your trading account.

Does AvaSocial charge withdrawal fees?

AvaSocial does not charge any withdrawal fees from the broker's side. Withdrawal requests are typically processed within one business day, making it efficient for traders to access their funds.

Verdict

AvaSocial is a regulated broker with a solid foundation, offering a proprietary platform with a wide range of forex pairs and CFDs. Its ECN/Raw accounts and copy trading features make it appealing to both cost-focused and social traders. However, the lack of support for popular platforms like TradingView, the absence of micro accounts, and the restriction on real crypto/stocks may limit its appeal to certain traders. Overall, AvaSocial is a credible choice for those who value regulatory oversight and a diverse product range, but it may not suit traders with specific platform or instrument needs.

AvaSocial Features
RegulationCBI,ASIC
Min Deposit$100
Max Leverage1:30
Founded2006
Islamic AccountNo
Copy TradingYes
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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