Green Compliance Rating For Retail Broker AvaTrade

AvaTrade Group with Green Compliance Rating
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AvaTrade is one of the best-known CFD retail brokers working with regulated entities in various jurisdictions. The broker has received an “Excellent” trust level from thousands of reviewers on Trustpilot. Most recently, AvaTrade has come to our attention concerning an illegal financial influencer punished by the FCA who earned hundreds of thousands of pounds in commission through AvaTrade. We assigned AvaTrade a Green Compliance rating.

Key Data

Trading namesAvaTrade
AvaFX (no longer active)
Business activityMulti-asset broker
Social mediaLinkedIn
Legal entitiesAVA Trade EU Ltd, regulated by the Central Bank of Ireland (CBI) with No. C53877;
Ava Trade Ltd, regulated by the B.V.I Financial Services Commission (FSC) with No. SIBA/L/1049;
Ava Capital Markets Australia Pty Ltd, regulated by the ASIC with No. 406684;
Ava Capital Markets Pty, regulated by the South African Financial Sector Conduct Authority (FSCA) with No. 45984.
Ava Trade Japan K.K., licensed by the Financial Services Agency (FSA) with No.: 1662 and Financial Futures Association of Japan with the No. 1574;
Ava Trade Middle East Ltd, regulated by the Abu Dhabi Global Markets (ADGM) and Financial Regulatory Services Authority (FRSA) with No. 190018;
D.T. Direct Investment Hub Ltd, regulated by the CySEC with No. 347/1;
ATrade Ltd, regulated by the Israel Securities Authority (ISA) with No. 51466577.
Authorizationssee above
Trustpilot ratings4.7 stars with “Excellent” trust level (AvaTrade.com)
4.8 stars with “Excellent” trust level (AvaTrade.co.uk)
Compliance ratingGreen
Related individualsEmanuel Kronitz (LinkedIn)
Yehoshua Abramovich (LinkedIn)
Negev Shekel Nosatzki (LinkedIn)
Dáire Ferguson (LinkedIn)
Sari Hemmendinger (LinkedIn)
Yaron Belzer (LinkedIn)

Short Narrative

The AvaTrade Group is a forex and CFD retail broker addressing consumers worldwide. AvaTrade was founded as Ava FX in 2006 by Emanuel Kronitz, Negev Nosatzki, and their financial partner Clal Finance in Israel. Initially, the AvaTrade scheme was operated by the BVI entities Ava Financial Ltd and AVA FX Ltd. Today, the CBI-regulated AVA Trade EU Ltd, established in 2009 in Ireland, is stated as the operator. Since 2009, Israeli entrepreneur Yehoshua Abramovich (LinkedIn) has been the president of the broker.

The group also operates the automated trading platform DupliTrade (www.duplitrade.com) via D.T. Direct Investment Hub Ltd, a Cyprus investment firm regulated by CySEC with license number 347/17.

Sky News reported in mid-2021 that AvaTrade was preparing an IPO on the London Stock Exchange based on a valuation of GBP 700 million. Nothing then apparently came of these plans.

Compliance Check

We did not note any severe regulatory violations in our review. The AvaTrade Group works with regulatory entities in various jurisdictions such as Ireland, Australia, South Africa, Japan, and Israel. In the UK, AvaTrade operates with a Temporary Permission (EEA Authorized) from the FCA.

Onboarding for new customers is within the regulatory requirements.

Similarweb statistics for AvaTrade broker scheme in February 2023

AvaTrade has been placed on the Caution List in Canada and Poland, but this does not seem to be a cause for concern. According to Similarweb, in February 2023, the AvaTrade.com website was also visited by people from India and the U.S., where the broker does not have regulatory permission. According to Similarweb (see screenshot left), in February 2023, the AvaTrade.com website was also visited by people from India and the U.S., where the broker does not have regulatory permission.

Overall, we assigned AvaTrade a Green Compliance Rating despite some regulatory shortcomings.

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