AvaTrade Minimum Deposit

AvaTrade Minimum Deposit

The AvaTrade minimum deposit is $100 for its commission-free trading account — the only one available — but AvaTrade recommends a minimum balance of between $1,000 and $2,000. Feel free to read our full broker review of AvaTrade.

The AvaTrade minimum deposit requirements are:

• AvaTrade Standard account (AvaTrade minimum deposit of $100, market maker account)

The AvaTrade Minimum Deposit Overview

AvaTrade offers one trading account to all traders with a minimum deposit of $100, but trading conditions differ depending on the geographic location of traders and the corresponding regulatory authority.

Other differences include the below-average availability of payment processors, and the account base currencies, which AvaTrade restricts. While the AvaTrade minimum deposit is higher than many of their competitors, it is within a reasonable range.

The Pros & Cons of the AvaTrade Minimum Deposit

While the AvaTrade minimum deposit of $100 is reasonable, traders must consider that it takes notably more capital to manage portfolios effectively or warrant the effort to generate sustainable profits.

AvaTrade recommends depositing between $1,000 and $2,000 initially, which is a good starting balance. Traders should follow a deposit strategy consisting of follow-on deposits to assist organic portfolio growth until they have garnered sufficient capital to achieve their annual targets within their own personal acceptable risk profile.

How to Make a Deposit with AvaTrade

Depositing with AvaTrade is a straightforward process, comparable to making a bank-to-bank transaction. Traders must first open their trading account, which can take between one to ten minutes, depending on the geographical location and regulator of the subsidiary.

Account verification is a mandatory requirement to comply with international AML/KYC regulations. Most traders only need to upload a copy of their government-issued ID and one proof of residency document, though further proof may be required in unusual cases. AvaTrade aims to complete the verification process within 24 hours.

All traders have access to bank wires and credit/debit cards, except for Canadian clients, who may not use credit cards. Traders outside Australia and the EU may use e-wallets including Skrill, Neteller, and WebMoney, in addition to any localized options.

First-time deposits will usually take longer, as AvaTrade needs to verify the deposit method used and may require additional information, like copies of credit/debit cards or account statements.

The secure back office handles all financial transactions, but processing times are somewhat longer than with most competitors, and AvaTrade does not offer instant deposits except for credit/debit cards.

AvaTrade Deposit Fees and Deposit Methods

AvaTrade does not impose internal deposit fees, meaning a trader making a $1,000 deposit into an AvaTrade trading account will receive the entire $1,000. However, third-party payment processing costs and currency conversion fees may exist. AvaTrade does make bank wires available to all clients, but they have the slowest processing times and always face charges. All traders, except Canadian residents, may use credit cards to deposit into their AvaTrade accounts.

Traders may use the AUD, the USD, the GBP, the EUR, the CHF, the JPY, and the ZAR as their deposit currencies. AvaTrade will also convert non-supported currencies on behalf of traders and levy a fair currency conversion fee.

AvaTrade deposit methods, processing times, and limitations:

Noteworthy:

• The client portal will list all available payment methods. Not all are available to every trader, dependent on their geographical location
• Only Australian-based traders may use the AUD account, and only British ones the GBP option, which may also extend to the CHF, JPY, and ZAR alternatives

Traders should double-check potential third-party processing fees to select the most suitable option for them with the lowest costs and fastest processing times. Since withdrawals, especially for the initial deposit, must follow the deposit path, traders must also consider withdrawal fees and costs for potential follow-on transactions, like paying bills or general consumption.

AvaTrade deposit methods vs. similar brokers

AvaTrade Deposit Currencies

Traders should understand the difference between account base and deposit currencies. The former is the base currency of a trading account (AvaTrade features seven currencies, but only the USD and EUR are available for all clients- the rest remain reserved for traders where the currency is the official currency).

The latter are currencies available for deposits through payment processors (AvaTrade supports seven but converts non-supported currencies). A currency conversion fee may apply when the base and deposit currencies differ.

AvaTrade supports the following account base currencies:

• Australian Dollar (only for Australian clients)
• US Dollar
• British Pound (only for British clients)
• Euro
• Swiss Franc (only for Swiss clients)
• Japanese Yen (only for Japanese clients)
• South African Rand (only for South African clients)

AvaTrade supports the following deposit currencies:

• Australian Dollar (only for Australian clients)
• US Dollar
• British Pound (only for British clients)
• Euro
• Swiss Franc (only for Swiss clients)
• Japanese Yen (only for Japanese clients)
• South African Rand (only for South African clients)

Most traders prefer the US Dollar as their account base currency, as over 80% of the global daily Forex trading volume includes the US Dollar. This allows traders to lower their currency conversion fees, which increases overall profitability.

Traders may also use a multi-currency account with an online or brick-and-mortar bank to minimize currency conversion fees, particularly if they must transact in multiple currencies. A multi-currency account supports deposits in desired currencies, while transaction and conversion fees plus exchange rates are usually notably better than online payment processors.

AvaTrade trading account currencies vs. similar brokers

Steps for Sending the AvaTrade Minimum Deposit

The AvaTrade deposit process is straightforward, but traders must first open and verify their trading account to comply with regulatory-mandated AML/KYC stipulations. Most traders sail through this regulatory step by sending a copy of a government-issued ID and one proof of residency document.

Here is a step-by-step guide to sending your AvaTrade minimum deposit:

1. The secure back office handles all financial transactions at AvaTrade, and traders must open an account to gain access. The account application asks for a name, e-mail, and valid mobile phone number. Traders may also use their Facebook or Google IDs to complete this step. Depending on the relevant jurisdiction, traders may have to submit additional information or answer questionnaires. Applicants will then receive a confirmation e-mail from AvaTrade with the login details.

2. Account verification is mandatory, and traders should complete this step before making their first deposit. A copy of a government-issued ID and one proof of residency document usually completes verification, but AvaTrade may ask for further information on a case-by-case basis.

3. The secure back office handles all financial transactions for verified clients. After logging into your AvaTrade account, click on “Deposit,” located in the left menu, followed by “Fund Your Account.” This will direct you to the deposit interface, where AvaTrade lists all available payment processors, depending on geographical location.

4. Traders must select their desired payment processor, deposit amount, currency, and AvaTrade account. Depending on the payment processor, traders must enter their account details within the AvaTrade back office, while some redirect to their page and require a login and deposit confirmation. Clicking on “Deposit” completes the process.

5. Except for credit cards, AvaTrade deposit times take between 24 hours and 7 business days. Traders will receive a notification from AvaTrade via e-mail once it receives any deposit and credits it to the relevant trading account. The payment processor also notifies clients and lists the successful transaction in the payment history.

AvaTrade Minimum Deposit Bottom Line

The AvaTrade minimum deposit is $100, and AvaTrade maintains a user-friendly interface in its back office. It lists seven deposit and account base currencies, restricted by geographical location, except for the US Dollar and Euro, which are available to all clients.

AvaTrade levies currency conversion fees for transactions in non-supported currencies, and it does not allow cryptocurrency deposits. The secure back office lists all available payment processors, which is also restricted by the geographical location of clients. Processing times are between 24 hours and seven business days, except for instant credit card deposits.

In summary, AvaTrade is a secure broker, and traders can trust the deposit process.

FAQs

What are AvaTrade’s deposit methods?

Available deposit methods include bank wires, credit/debit cards, Skrill, Neteller, WebMoney, and select localized options. Geographical restrictions apply to all payment processors except for bank wires, while cryptocurrency deposits are absent entirely.

What is the minimum deposit for trading with AvaTrade?

The minimum deposit at AvaTrade is $100, but it recommends between $1,000 and $2,000 for effective trading.

Does AvaTrade have a no-deposit bonus?

AvaTrade does not offer a no-deposit bonus but maintains a deposit bonus for qualifying jurisdictions.

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