AvaTrade Minimum Deposit: Key Information & Guide (2023)
The minimum deposit with AvaTrade is always $100 with any account with the sole exception of Canadian traders that have to sustain a higher minimum deposit of 250 CAD or 300 USD.
However, there is a range of base currency to open the account with depending on your residence.
The availability of multiple deposit methods may also vary depending on your location.
Let’s start by finding out every detail.
Round-up
| FEATURES | AVATRADE MINIMUM DEPOSIT |
|---|---|
| AvaTrade standard account | $100 |
| AvaTrade islamic account | $100 |
| AvaTrade AvaOptions account | $100 |
| AvaTrade spread betting account (UK only) | $100 |
| Deposit fees | No |
| Withdrawal Fees | No |
| Base Currencies | USD, EUR, GBP, JPY, AUD, CAD, ZAR |
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AvaTrade offers several trading solutions for the same minimum deposit. For a more accurate choice you can learn more with our guide about AvaTrade account type.
Avatrade 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 and GBP as Avatrade base currency options.
- Australian traders can choose from their native AUD as well as USD and EUR.
- Those located in South Africa can select a ZAR account or between US Dollar and EUR.
- Japanese-based traders have only the Japanese Yen as the accepted currency.
- Avatrade is not available for US-based traders, but those based in Canada can select USD or CAD as their base currency.
Avatrade funding and deposit methods
AvaTrade wire transfer deposits
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 minimum deposit on Avatrade for a wire transfer is $100 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.
AvaTrade credit card deposits
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 eWallets deposits
Avatrade eWallet deposits are available if you are under the BVI regulated entity of the broker. Skrill, WebMoney, and Neteller are all available and fee-free. At this time Bitcoin deposits are not available.
On the other hand, brokers accepting PayPal deposits are becoming very common, and AvaTrade is one of them.
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.
AvaTrade other deposit methods
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:
- such methods may include Nigerian or Indonesian credit cards and other localized solutions.
- Canadian traders can choose among a CAD account or a USD account with a minimum deposit of 250 CAD or 300 USD respectively.
The best and most efficient way you can confirm this is through direct contact with the Avatrade support team in your region.
AvaTrade minimum deposit vs other brokers
We compared AvaTrade with two other trustworthy brokers for you to take a look at in the table below.
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| FEATURES | AVATRADE | PEPPERSTONE | ETORO |
|---|---|---|---|
| Minimum deposit | $100 | $0 ($200 recommended) | $50 |
| Wire transfer | Yes | Yes | Yes |
| Credit card | Yes | Yes | Yes |
| PayPal | Yes | Yes | No |
| Number of deposit methods | 9 | 9 | 10 |
| Base Currencies | USD, EUR, GBP, JPY, AUD, CAD, ZAR | USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD | USD |
Avatrade deposit bonus
Finally, when it comes to Avatrade deposit bonuses, these are unfortunately not available if you are an European trader or if you’re trading under ASIC regulation.
If this is not the case then you may be able to access some bonus amounts, like the welcome bonus which gives you $200 for every $1000 deposited with Avatrade. This bonus may be valid under some jurisdiction and at certain times.
With that being said, If you’re interested in knowing more about forex brokers and their bonus offering, we’ve put together the best 10 brokers with bonuses in a comprehensive top 10.
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