Abstract：Avatrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, FSA, FFAJ, ADGM, CBI, and FSCA.
Overview
Avatrade Information
Avatrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, FSA, FFAJ, ADGM, CBI, and FSCA.
As a market maker broker, Avatrade offers a range of tradable assets including forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, and FX options. The broker provides clients with access to multiple trading platforms, including AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, and DupliTrade.
Pros & Cons of Avatrade
When it comes to choosing a broker, it's important to carefully consider the pros and cons to determine which one is right for you.
Is Avatrade Legit?
Avatrade is regulated by multiple financial regulatory authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), the Financial Futures Association of Japan (FFAJ), the Abu Dhabi Global Market of the United Arab Emirates (ADGM), the Central Bank of Ireland (CBI), and the Financial Sector Conduct Authority of South Africa (FSCA). These regulatory bodies ensure that Avatrade operates with transparency, integrity, and in compliance with regulatory requirements.
- Ava Capital Markets Australia Pty Ltd authorized by ASIC (Australia) registration no. 406684
- Ava Trade Japan K.K. authorized by FSA (Japan) registration no. 2010401081157 and FFAJ registration no. 1574
- Ava Trade Middle East Limited authorized by ADGM (UAE) registration no.190018
- AVA Trade EU Ltd authorized by CBI (Ireland) registration no. C53877
- Ava Capital Markets Pty Ltd authorized by FSCA (South Africa) registration no. 45984
Market Instruments
Avatrade offers a wide range of trading instruments across various markets, including forex, indices, commodities, crypto CFD, stocks, and futures.
Account Type
When it comes to account types, Avatrade only offers a standard account. This means that all clients will have access to the same features and trading conditions, regardless of the size of their deposit.
Avatrade has a minimum deposit requirement of $100, which is relatively low compared to other brokers in the industry. However, there are other brokers that have a lower minimum deposit requirement than Avatrade. For instance, HFM and XM have a minimum deposit requirement of $0 and $5, respectively.
Demo Account
Avatrade offers demo accounts for traders who want to practice their trading skills or test out the trading platform without risking real money. Demo accounts allow traders to access all trading tools and features on the Avatrade platform with virtual funds of 100,000. It is a useful tool for new traders to get familiar with the platform and for experienced traders to test new strategies before using them in live trading. The demo account is available for 21 days and can be renewed upon request.
How to Open an Account?
When it comes to the process of opening an account with Avatrade, rest assured that it is one of the most streamlined and user-friendly experiences out there. Not only is the process simple and straightforward, but it is also designed to ensure that new traders can start their journey with ease.
- First, you need to visit the Avatrade website and click on the “Register Now” button, which is prominently displayed on the homepage.
You will then be taken to the registration form where you will need to provide your email address and phone number. You will also need to create a password.
After completing the registration form, you will be required to submit a copy of your government-issued ID and a recent utility bill or bank statement to verify your identity. This is a standard requirement for all regulated brokers and is designed to ensure the security and integrity of the trading platform
Fund your account and start trading at AvaTrade
Once you have filled out the registration form, uploaded your documents, finished the trading survey and selected your account type and base currency, AvaTrade will verify your account shortly. After successful verification, you need to fund your account to be able to begin trading.
This is where you are in the account opening process at AvaTrade
- Choose your funding method.
- Enter the amount to be deposited and other necessary details for the transaction.
- Double-check if payment details are correct.
- If all looks OK, click to submit your deposit request.
At AvaTrade, the required minimum deposit is $100. This means that you have to put at least $100 in your broker account to be able to start trading.
Deposit & Withdrawal
A variety of deposit methods are available, varying by region. Please note that due to regulatory status, verification documents such as proof of address and identification are required. If you are depositing with a credit card, AvaTrade will need to see a colour scan of the front and back of the card. You can choose to trade first using a demo account, which does not require proof of identity or payment details.
What deposit methods does AvaTrade offer?
AvaTrade offers a variety of deposit methods, including credit cards* and wire transfers, which are available to all of our global clients. Deposits via electronic payments (such as Skrill, WebMoney and Neteller) are also available, but this does not apply to EU and Australian customers.
Excluding Canada
How long does it take to make a deposit with AvaTrade?
In order to meet the different needs of our clients, AvaTrade offers several deposit methods, each with their own processing times.
Credit and Debit Cards - If you deposit using a credit card, the funds will be credited to your account immediately. If there are any delays, please contact customer support and a representative will take care of the matter immediately. Please note that if this is your first time depositing with a credit card, it may take up to one business day for the funds to be credited to your account due to security verification.
Electronic payments - including Neteller, Skrill (Moneybookers), WebMoney and others. When using these options, funds will be credited to your account within 24 hours.
Wire transfer - If you deposit via wire transfer, it may take up to 7 business days depending on your banking institution and country. To speed up the process, be sure to send AvaTrade a copy of the SWIFT code or transfer receipt to track the deposit.
What is the minimum deposit required to open an AvaTrade trading account?
The minimum deposit required to open an AvaTrade trading account depends on the base currency of your account and the deposit method you use.
Credit Card Deposits:
USD account - 100 USD
EUR account - 100 EUR GBP
Account - 100 GBP
AUD Account - 100 AUD
Wire Transfer Deposits:
US Dollar Account - 100 US Dollars
Euro Account - €100 GBP
Account - 100 GBP
AUD Account - 100 Australian Dollars
Please note that Australian Dollar (AUD) accounts are only available to Australian clients and Pound Sterling (GBP) accounts are only available to traders from the UK.
To be able to take advantage of the full range of products offered by AvaTrade, it is recommended that you start with a balance of at least 1,000-2,000 in your preferred base currency.
A fast withdrawal process is available at AvaTrade. the AvaTrade withdrawal process takes only one to two business days. Please note that AvaTrade is open from Monday to Friday, excluding weekends and other public holidays or festivals in the official calendar. It is important to note that in some cases there may be a delay in receiving your funds due to delays in the clearing of banking institutions, electronic payment systems and credit cards. Please feel free to contact your banking institution for more information on their processes.
