AvaTrade Review

Account	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	$100	$100	€500,000 portfolio
Click Here	Click Here	Click Here	Click Here

Account Types

Retail Account

AvaTrade’s Retail Account is designed for all traders, requiring only a $100 minimum deposit. It features a user-friendly platform, competitive spreads, and access to a variety of instruments, including forex, CFDs, options, and spread betting. Costs are transparent, with no hidden fees, and a range of educational resources is readily available.

To encourage responsible trading, leverage is capped at 1:30. While some advanced strategies are limited, the account prioritizes risk management and controlled exposure.

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Islamic Account

The Islamic Account is tailored for Muslim traders, adhering to Sharia principles by replacing interest-based swaps with a “markup” model. Instead of swap fees, a small administrative fee applies.

This account provides access to forex, CFDs, and commodities, excluding cryptocurrencies. A five-day holding limit applies, after which standard swap fees may be charged. All costs are transparently detailed, offering a halal-compliant trading environment with a wide product range.

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Professional Account

The Professional Account caters to experienced traders with significant portfolios. Eligibility requires meeting criteria such as a €500,000 portfolio, relevant professional qualifications, or frequent high-volume trading.

Benefits include leverage of up to 1:400, compared to 1:30 for retail accounts, allowing for higher potential returns. Traders can use advanced strategies like hedging and short selling.

However, professional traders forego certain investor protections, such as negative balance protection, and must take responsibility for managing their risks.

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Demo Account

AvaTrade’s Demo Account is an invaluable tool for both beginners and seasoned traders. It provides a risk-free simulated trading environment, allowing users to explore various financial markets and products.

New users receive $10,000 to $150,000 in virtual funds to practice trading forex, stocks, cryptocurrencies, and commodities under real market conditions. The demo account mirrors live market conditions, supporting platforms like MT4, MT5, WebTrader, and AvaTradeGO.

While the account is active for 21 days, it does not expire due to inactivity, making it ideal for refining trading strategies and learning about market dynamics.

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Frequently Asked Questions

What is the minimum deposit for a Retail Account?
The minimum deposit for a Retail Account is $100.

What instruments can I trade with a Retail Account?
The Retail Account supports trading forex, CFDs, options, and spread betting instruments.

What makes an Islamic Account unique?
The Islamic Account complies with Sharia law by eliminating interest-based charges, replacing them with a “markup” model.

What are the advantages of a Professional Account?
Professional Accounts offer higher leverage of up to 1:400 and access to advanced trading techniques like short selling and hedging.

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Our Insights

AvaTrade offers a variety of account types tailored to diverse trading needs and preferences. From the accessible Retail Account to the advanced Professional Account, each option provides tools and features suited to specific trading styles, ensuring a personalized trading experience.

How to Open an AvaTrade Account

Opening an account with AvaTrade is simple and user-friendly. Follow these steps to get started:

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Step 1: Complete the Online Registration Form

Click the “Open a Real Account” button on the AvaTrade homepage. Enter your email address and create a secure password to begin the registration process.

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Step 2: Fill Out the Registration Details

Select your country of residence and choose your preferred account type: Retail Demo Account, Retail Account, or Professional Account.

Provide your personal details, including your full name, date of birth, and address. To verify your account, upload a copy of your ID and proof of residence (such as a utility bill or bank statement).

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Step 3: Fund Your Account

Choose from various funding options, including credit cards, debit cards, or bank transfers. Once your account is funded, you can start trading on AvaTrade’s platform immediately.

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Frequently Asked Questions

How do I start registering for an account with AvaTrade?
Click the “Open a Real Account” button on AvaTrade’s homepage to access the online registration form.

What details are required in the registration form?
You need to provide your email address, set a password, select your country of residence, and choose your account type (Retail Demo Account, Retail Account, or Professional Account).

What documents are required for account verification?
AvaTrade requires a valid ID and proof of residence, such as a utility bill or bank statement.

How long does the verification process take?
Account verification typically takes a few business days, depending on how quickly the necessary documents are submitted and reviewed.

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Our Insights

AvaTrade has streamlined the account registration process to make it accessible for traders of all experience levels. With clear instructions and multiple funding options, setting up your account is quick and hassle-free.

Trading Platforms and Software

AvaTrade offers the following trading platforms and software:

 

• MetaTrader 4 and 5
• AvaTradeGO
• AvaSocial
• AvaTrade Web
• DupliTrade
• AvaOptions
• AvaFutures

 

MetaTrader 4 and 5

AvaTrade offers two popular trading platforms: MetaTrader 4 and MetaTrader 5. MT4 is known for its user-friendly interface, extensive charting tools, and automated trading capabilities.

MT5 adds new features like greater periods, economic calendars, and faster processing, broadening trading to equities, commodities, and indexes. Both platforms offer a comprehensive trading experience with back-testing tools.

AvaFutures

AvaFutures is a top-tier futures trading platform that merges advanced technology with exceptional customer service. With 17 years of experience and operations in over 150 countries, it caters to both novice and seasoned traders, boasting a community of over 300,000 satisfied users.

Utilizing the state-of-the-art MT5 platform, traders can easily access top assets like Bitcoin, S&P 500, Gold, Oil, and 10-Year Treasuries. The platform offers benefits such as hedging against market volatility, diversified investment opportunities, and generous leverage options, all while ensuring liquidity and transparency.

Frequently Asked Questions

What trading platforms does AvaTrade offer?
AvaTrade provides a variety of platforms tailored to different trading styles and preferences, including:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for advanced tools and flexibility.
• AvaTradeGO for intuitive mobile trading.
• AvaSocial for social and collaborative trading.
• AvaTrade Web for browser-based convenience.
• DupliTrade for automated strategy duplication.
• AvaFutures for futures trading.
• AvaOptions for options trading.

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What is AvaTradeGO?
AvaTradeGO is a mobile trading app designed for seamless trading on the go. It features:

• A user-friendly dashboard to track transactions.
• Advanced analytical tools for informed decisions.
• Live market updates for real-time insights.
• AvaProtect, a risk management tool for loss protection.

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How does AvaSocial work?
AvaSocial is AvaTrade’s social trading platform that enables users to:

• Connect with and follow expert traders.
• Share strategies and trading tips.
• Mirror trades to leverage experienced insights.
  This platform creates a collaborative environment for traders to learn and grow together.

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What can I do with AvaOptions?
AvaOptions is specifically designed for options trading, offering:

• The flexibility of Forex combined with options trading.
• Tools for visualizing strategies and managing risk.
• Portfolio simulation capabilities.
• Access to comprehensive educational resources to build expertise.

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Our Insights

AvaTrade delivers a comprehensive suite of trading platforms to suit all types of traders. From MetaTrader’s professional-grade tools to AvaTradeGO’s mobile convenience and AvaSocial’s collaborative features, AvaTrade ensures flexibility, functionality, and innovation for every trading need.

Fees, Spreads, and Commissions

Spreads
As a Market Maker broker, AvaTrade integrates its broker fees into fixed spreads and executes orders using proprietary methods. Traders gain access to the interbank market and large positions from multiple liquidity sources.

• In South Africa, typical spreads include:
  • 0.9 pips for EUR/USD
  • 0.13% for stock CFDs
  • Specific spreads for commodities like crude oil and gold, based on market conditions.

Commissions
AvaTrade offers a commission-free trading model. This is achieved by incorporating a markup into the fixed spreads, eliminating the need for separate commission charges. This approach ensures clarity and transparency in the trading process, providing a straightforward cost structure.

Overnight Fees
Overnight fees vary based on asset types and their respective swap rates for long and short positions. These fees apply to various instruments such as:

• EUR/USD
• Equities
• Precious metals like gold and silver
• Cryptocurrencies like BTC/USD
• Commodities such as crude oil
• Indices like the Nasdaq

Deposit and Withdrawal Fees
AvaTrade does not charge any additional fees for deposits or withdrawals across all available transaction methods, ensuring cost-effective deposits and withdrawals.

Inactivity Fees
AvaTrade imposes an inactivity fee on accounts with no trading activity for three months.

• $50 monthly fee for accounts inactive for 3 months
• $100 monthly fee for accounts inactive for over a year

Currency Conversion Fees
Currency conversion fees apply when the deposited funds are not in the trader’s base or recognized deposit currency, requiring conversion to the designated currency for the account.

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Frequently Asked Questions

What are the spreads at AvaTrade?
AvaTrade offers fixed spreads that include broker fees. Typical spreads include 0.9 pips for EUR/USD and 0.13% for stock CFDs. Commodity spreads such as for crude oil and gold are subject to market conditions.

Are there any fees for deposits and withdrawals?
AvaTrade does not charge any additional fees for deposits or withdrawals, regardless of the transaction method used.

Does AvaTrade charge commission fees?
No, AvaTrade does not charge commission fees. Trading costs are reflected in the spreads.

Are there any inactivity fees at AvaTrade?
Yes, AvaTrade charges an inactivity fee of $50 per month after 3 months of account inactivity, increasing to $100 after 12 months of inactivity.

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Our Insights

AvaTrade offers a clear and transparent fee structure, with fixed spreads and no additional commission fees. This simplifies cost management for traders, making it easier to understand and plan for trading expenses.

Which Markets Can You Trade?

AvaTrade offers a wide range of trading instruments and products, including:

• Currency Pairs: Trade over 50 currency pairs, covering major, minor, and exotic currencies.
• Metals: Access gold, silver, and other precious metals.
• Commodities: Trade agricultural commodities, metals, and energy resources.
• Global Indices: Participate in trading on major international stock indices.
• Shares: Trade individual company shares and benefit from price fluctuations.
• Cryptocurrencies: Access popular cryptocurrencies like Bitcoin and Ethereum through CFDs.
• Options: Engage in vanilla options trading for flexible hedging and speculation.
• Energy Commodities: Trade in energy commodities like oil and natural gas.

AvaTrade also offers FXOptions, combining the benefits of Forex and options trading for unique hedging and speculating opportunities.

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Frequently Asked Questions

Can traders access cryptocurrency markets through AvaTrade?
Yes, AvaTrade allows you to trade major cryptocurrencies like Bitcoin and Ethereum via CFDs on platforms like MetaTrader 4.

Does AvaTrade offer trading in options and ETFs?
Yes, AvaTrade provides access to both vanilla options and Exchange-Traded Funds (ETFs), offering flexible hedging and speculative opportunities.

What currency pairs can I trade with AvaTrade?
AvaTrade offers over 50 currency pairs, including major, minor, and exotic pairs.

Are Exchange-Traded Funds (ETFs) available for trading?
Yes, AvaTrade allows you to trade ETFs, enabling you to invest in a diverse basket of assets in a single transaction.

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Our Insights

AvaTrade offers an extensive selection of trading instruments and products to cater to a variety of trading strategies. The availability of flexible options trading and FXOptions, which combine Forex and options benefits, provides traders with unique opportunities for hedging and speculation.