AvaTrade Minimum Deposit And Payment Methods
AvaTrade is an international online brokerage forum. This site allows individuals to sell, buy, and trade stocks and exchange a variety of currencies.
One of many available today, it can be used and kept track of from your computer or smartphone. Using the information detailed below, you can decide if it’s a good choice for you.
By the end of this article, you will know the in and outs of the Avatrade deposits, and how it compares to the two other competitors. However, take note that Avatrade is NOT available to people living in the United States.
AvaTrade Minimum Deposit And Account Details
The minimum deposit for an AvaTrade account is $100 (or £100 or €100) using a credit card, and up to $500 when using a wire transfer deposit. The set rate is at $100 USD for the minimum deposit.
AvaTrade Minimum Deposit in Nigeria:
The minimum amount is ₦ 100
AvaTrade minimum deposit in South Africa
The minimum deposit is AUD $100
AvaTrade Minimum Deposit and Payment Methods
Avatrade has a minimum deposit of $100, and there are multiple ways to make your initial deposit. You can use credit/debit cards, wire transfers from bank accounts, PayPal accounts, and other similar methods. These multiple options make it easier to ensure you can make the deposit.
AvaTrade Minimum Deposit vs Competitors
Below is a chart showing the minimum deposit requirements for Avatrade compared to two of their competitors– FXTM and Exness. AvaTrade has the highest minimum deposit required compared to the two competitors listed here. The differences are quite noticeable with FXTM being 50% less than Avatrade, and Exness being 99% different.
| AvaTrade | FXTM | Exness | |
|---|---|---|---|
| Minimum Deposit | $ 100 | $ 50 | $ 1 |
What is the AvaTrade copy trading minimum deposit?
Avatrade’s minimum copy trading deposit is set at a fee of just $1. All you need is just a dollar to start your trading process.
Is Avatrade a market maker?
Yes, Avatrade is considered a market maker. It uses its own in-house dealing desk. Avatrade makes the markets and fulfills all your trading for you. They are well equipped to help you make the process, easy for you. They offer assistance to any questions you may need to understand how it all works.
AvaTrade Deposit Methods and Fees
Deposits can be made using several methods such as credit cards (VISA, MasterCard, Debit), Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER, and WebMoney.
Fees related to making Deposits with AvaTrade
Deposit fees are not applicable with Avatrade. That is because Avatrade doesn’t charge any fees for deposits.
AvaTrade Deposit Methods vs Competitors
| AvaTrade | FXTM | Exness | |
|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes |
| Debit/Credit Card | Yes | Yes | Yes |
| Payment apps | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes |
The Average Time It Takes for a Deposit to Process
Here’s the average time it takes for a deposit to process by the method:
Credit/Debit: Immediate deposit
E-payments: Deposits made within 24 hours
Wire Transfer: Can take up to 7 business days
The Average Time it Takes for Account Withdrawals
Avatrade processes withdrawals within 1 day. However, different funds may take longer to process the payments. See below for additional information regarding to this.
Credit/Debit Cards: up to 5 business days
E-wallets: 24 hours
Wire Bank Transfers: up to 10 business days
Wire transfers may have a delay depending on the bank used. So be sure to check on this if you have any questions regarding this matter, or if your funds seem to be taking longer than you feel that they should be. Chances are it is just taking a little longer to process through fully.
AvaTrade Account Currencies vs Competitors
| AvaTrade | FXTM | Exness | |
|---|---|---|---|
| Account Currencies | USD, EUR, GBP, AUD | USD, GBP, EUR | USC, EUC, GBC, CHC, AUC, CAC, AED, AUD, ARS, AZN, BDT, BHD, BND, BRL |
Avatrade has more currency selections than FXTM, yet less than Exness. However, Exness uses deferential amounts, as AvaTrade uses strictly cash currencies as funding.
FXTM also uses cash currencies. Exness is the only one that uses both cash and cent currencies out of the three.
Avatrade does have fees, and they put them into two categories.
Trading Fees: These fees are applied on deposits, transactions, spread costs, currency conversions, and overnight funding.
Non-Trading Fees: These can include withdrawal fees and fees for being inactive with your account.
Commission fees are not charged with AvaTrade, which means that AvaTrade will not charge you for executing your buy or sell orders.
How to Deposit Funds into My AvaTrade Account
Here is a step-by-step guide on how to set up your Avatrade account and deposit:
Go to AvaTrade website
Click register now
Fill out the required fields to set up your account
Verified your account
Link account for deposit and withdrawal
Select deposit
Add amount $100
Submit your deposit
FAQs
Below are some of the most frequently asked questions concerning Avatrade.
What is Avatrade’s Maximum Deposit Limit?
Avatrade doesn’t have any upper limits on how much you can deposit at any one time; only the minimum of $100 USD. You are free to deposit as much as you wish. However, remember to examine your risk tolerance and make sure you understand how to trade before depositing all of your money.
Does Avatrade Have Demo Accounts?
Demo accounts give traders the opportunity to familiarize themselves with how the trading platform works before using their real money. Yes, Avatrade offers demo accounts with a margin set at $/€/£ 10,000. This is more than enough play money to get your feet wet using Avatrade.
How Much Money Can I Withdraw From Avatrade?
You can withdraw 100% of your funds. However, there are a few caveats. You must withdraw your initial deposit back to the same payment method.
For example: if you deposit $500 using your debit card and then you grow your account to $1,000, then you must withdraw $500 to your debit card. Only then can you withdraw your profits to a different method such as PayPal or bank transfer.
Can You Have More Than One Avatrade Account?
Yes, Avatrade allows users to open multiple accounts to use across multiple platforms such as M4 and MT5.
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Team that worked on the article
Glory is a professional writer for the Traders Union website with over 5 years of experience in creating content in the areas of NFT, Crypto, Metaverse, Blockchain, or Web3 in general. Over the last couple of years, Glory has also traded on different cryptocurrency and NFT platforms including Binance, Coinbase, Opensea, and others. “I understand a lot about this space, being familiar with CEX, DeFi, and DEX, as well as operating across the Ethereum, Binance, and Polygon networks. Also, I know the intricacies and subtleties of NFTs and crypto, thus I am able to bring to table the best content and help connect with the audience better.”
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Jason Law is a freelance writer and journalist and a Traders Union website contributor. While his main areas of expertise are currently finance and investing, he’s also a generalist writer covering news, current events, and travel.
Jason’s experience includes being an editor for South24 News and writing for the Vietnam Times newspaper. He is also an avid investor and an active stock and cryptocurrency trader with several years of experience.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.