AvaTrade Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed AvaTrade fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
| 💰 Account currency: | AUD, JPY, GBP, USD, EUR, CHF |
| 🚀 Minimum deposit: | 100$ |
| ⚖️ Leverage: | 1:30 to 1:400 |
| 💱 Spread: | From 0.9 to 3 p. |
| 🔧 Instruments: | Forex pairs, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options and ETFs |
| 💹 Margin Call / Stop Out: | 25% / 10% |
AvaTrade Commissions and Fees
The broker has been checked by our experts for the existence of explicit and hidden commissions, in particular a commission for trading volume and withdrawal of funds.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From 0 to 20 US dollars, depending on the platform | No |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
AvaTrade Minimum deposit
How to Start Making Profits — Guide for Traders
AvaTrade offers its customers only two types of accounts - real and demo. At the same time, the broker gives great freedom when choosing a trading terminal. Different terminals are adapted for different types of trading, therefore, before starting work, you should familiarize yourself with the specification of trading platforms.
To start working with AvaTrade, you need to open an account.
More than 5 trading platforms are used for trading, among which the most popular are (MT4, MT5) and the broker's development (AvaTrader). All the platforms have a mobile version.
When opening a demo account, a customer receives a balance of 10,000 US dollars. The money cannot be withdrawn to a real account, but they can help you get your first experience in trading and after that - earn real money on a real account.
AvaTrade - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
Brokers similar to AvaTrade
When analyzing AvaTrade, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of AvaTrade and other brokers.
Comparison of AvaTrade with other Brokers
| AvaTrade | RoboForex | Pocket Option | Exness | TeleTrade | Forex4you | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, Mobile Trading, MT5 |
|
Min deposit |
$100 |
$10 |
$5 |
$10 |
$1 |
No |
|
Leverage |
From 1:200 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0.9 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.8 points |
From 0.1 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
Yes |
No |
No |
No |
Yes |
| AvaTrade | RoboForex | Pocket Option | Exness | TeleTrade | Forex4you | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
Yes |
No |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
Yes |
Yes |
No |
No |
Yes |
No |
|
Options |
Yes |
No |
No |
No |
No |
No |
Could I recommend AvaTrade to a beginner trader?
Analysis of AvaTrade shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can the minimum deposit differ depending on the trading account type?
Yes. Brokers often encourage clients to deposit large amounts to the account by offering better trading conditions.
What spread can be considered low?
Ideally, the spread should be at 0.1 pips for EURUSD. However, if the spread is lower than 1 pip, it can also be considered a low level.
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.