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Whether you are an experienced trader or a novice in Nigeria, AvaTrade‘s adaptable trading platforms and services aim to provide you with the right balance of simplicity and sophistication.
70-85% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
Whether you are an experienced trader or a novice, AvaTrade‘s adaptable trading platforms and services aim to provide you with the right balance of simplicity and sophistication.
Broker’s Name
Avatrade
Overall Rating
4.9/5
Year of Foundation
2006
Headquarters
Dublin, Ireland.
Regulators
ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA
Countries not accepted for trade
US, North Korea, New Zealand, Iran, Belgium
Bonus Type
20% welcome bonus
Time to open an account
1 day
Service Description
CFD Regulated broker with +1000 financial instruments and multiple trading platforms, operating since 2006
Countries of Regulation
Avatrade is regulated in Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Poland, Cyprus, Israel, South Africa, Cyprus, B.V.I Financial Services Commission etc
Trust Score
99%
Live support
24/5
Account Activation Time
Less than 24 Hours
MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
Trading Islamic Account
Yes, available
CFDs – Total Offered
681
CFD Stock Indices
Yes
CFD Commodities
Yes
CFD Bonds
Yes
Deposit with credit card
Yes
Demo Trading Account
Yes
Number of base currencies supported
5
Spreads
0.9 Pips
Leverage
1:400, EU – 1:30 and 1:400 (Professional Accounts)
Currency Pairs (Total Forex pairs)
60
Withdrawal fee amount
Zero
Minimum deposit
$100
Inactivity fee charged
Yes
Depositing with electronic wallet
Yes
Demo Account
Yes
Copy Trades
Yes
Website Languages
Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish.
Account currencies
AUD, JPY, GBP, USD, EUR, CHF
PAMM
MAM/Mirror (depending on GEO)
Scalping Allowed
Yes
Scalping
Millisecond trading
Hedging
Open Buy & Sell positions simultaneously
Instruments Offered
850+
Trading Instruments
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Total offered per instrument
CFD – Agricultural =7
CFD – Crypto = 20
Account Types
Real Account, Demo Account, Islamic Account. Options Account
Safety of Funds
Segregated accounts and negative balance protection
Demo Account Description
Free Demo Accounts with $100,000. No limitations on the number of demo accounts.
Education
Sharp Trader, Videos, Articles, Webinars, eBook
Fees and Commissions
Forex/CFD overnight interest, No margin interests, No commissions (unless stated otherwise)
Trading Platforms
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, WebTrader
Mobile trading
AvaTradeGO (only with MT4), MetaTrader 4, MetaTrader 5, AvaProtect
Automated Trading
MQL5 Signal Service, API Trading, DupliTrade, ZuluTrade
Social Trading
Yes, Ava social trading
Affiliate Program
Yes, up to 50% + commission
Average deposit/withdraw processing time
Depends on the method used. – CC and e-payments is immediate. Bank wire can take up to 7 business days depending on the banking institution.
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Low Spread
Low Commissions
Negative Balance
Protection
$10 Minimum
Deposit
Unlimited
Leverage
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a risk of loss.
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