As you will have gathered from our Avatrade review, opening a new account can be a very fast and convenient process to complete.
One of the most important elements in the process of opening your Avatrade account or that of any other top forex broker for that matter is funding.
The Avatrade minimum deposit is a fundamental part of this.
For those reasons we have created a complete guide to your Avatrade minimum deposit and will also walk you through all of the available funding options you have access to.
Let’s get started:
Account Base Currency
The account base currency is the currency with which you are trading at Avatrade. Depending on where you are located, you may be able to select from a number of base currencies.
For traders located within the UK and the rest of the EU, several currencies are available. These include USD, EUR, GBP and CHF as Avatrade base currency options.
Australian traders can choose from their native AUD as well as USD, EUR, and GBP.
Those located in South Africa can select between US Dollar and GBP only, while Japanese-based traders have a choice between the Japanese Yen, GBP, Euro, and US Dollar.
Avatrade is not available for US-based traders, but those based in Canada can select USD, EUR, GBP, or CAD as their base currency.
As you would expect from a top forex broker, there is a range of different Avatrade deposit methods. Here we will take a look at the specifics of each and if any Avatrade minimum deposit amount applies to your preferred funding method.
Avatrade deposit via wire transfer is available around the world to traders. While this method is fee-free from the broker side, there are some minimum deposit amounts and other criteria to consider.
The Avatrade minimum deposit for a wire transfer is $500 in USD, EUR, GBP (Available in the UK only), or Australian Dollar (Available in Australia only). When you deposit by wire transfer you should also anticipate some processing time. This depends very much on the country where you live and your financial provider, however, a maximum period of 7 days is typically taken.
Credit card deposits are becoming an increasingly popular way to fund your Avatrade account. Funding in this method is again fee-free but with some Avatrade minimum deposits in place.
The minimum credit card deposit is $100 in USD, EUR, GBP, or AUD with the latter two only available if you are based in those countries respectively.
The processing time to fund your Avatrade account via credit card is instant. However, you should note that the very first deposit can take up to 24 hours to process.
Avatrade eWallet deposits are available if you are under global market regulation. Skrill, WebMoney, and Neteller are all available and fee-free. At this time Bitcoin or PayPal deposits are not available.
The Avatrade minimum deposit which applies for eWallets is the same as credit cards. To recap, that means 100 in USD, EUR or GBP for UK traders, and AUD for Australia-based traders.
The processing time for any of these deposits with Avatrade is typically within 24 hours.
Depending on the country you are trading from, there may be individual exceptions in both the Avatrade funding methods and minimum deposits. This is particularly the case if you are outside the EU and regulatory scope of the FCA and CySEC. Such methods may include Nigerian or Indonesian credit cards and other localized solutions.
The best and most efficient way you can confirm this is through direct contact with the Avatrade support team in your region.
Having taken a look at the minimum deposits for each funding method, we will now take a closer look at how these apply to each Avatrade account type.
Retail and Standard Account
The Avatrade retail and standard accounts are available all around the world and are effectively the same account type under a different name. Within the EU this account type is referred to as a retail account, while for the international market it is a standard account.
With this account type, there is no specific minimum deposit. The minimum deposit amount simply corresponds with that of the payment method you are using. These are detailed above.
The Avatrade VIP account provides benefits in the form of an even more competitive spread based on your tier level. Your tier level is decided based on your deposit amount.
VIP1 is accessed with a deposit of at least $10,000, while VIP2 is accessed with a minimum deposit of $20,000.
AvaOptions accounts are available for those who wish to engage in options trading. These account types are available if you are based within the EU or global market area.
There is no Avatrade minimum deposit in place on these accounts besides the corresponding amount based on your funding method. This could be $100 or up to $500 if you choose to deposit through a bank transfer as shown above.
Spread Betting Account
Avatrade spread betting accounts are only available within the EU regulatory area to facilitate those who wish to engage in spread betting. With these account types, again there is no minimum deposit amount other than that which applies to your funding method.
Finally, when it comes to Avatrade deposit bonuses, these are unfortunately not available if you are trading under CySEC or FCA regulation.
If this is not the case then you may be able to access some bonus amounts. Currently, there is a welcome bonus available. This bonus gives you $200 for every $1000 deposited with Avatrade. This bonus is valid until October 31st, 2019 and only in USD, EUR, AUD, or GBP base currency accounts.
With that said, Avatrade always tries to offer some form of a bonus, so you can expect when this does expire that another bonus offer will be put in place by the broker.