The online brokerage firm AvaTrade requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with AvaTrade starts from $100, which can be deposited via various methods including wire transfer, credit card and ewallet.
AvaTrade generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the AvaTrade minimum deposit?
The minimum deposit with AvaTrade is $100, with the sole exception of Canadian traders that have to sustain a higher minimum deposit of $300 (or the equivalent in Canadian Dollars).
AvaTrade offers a wide range of account base currencies, and the availability of deposit methods may also vary depending on your location.
The AvaTrade deposit features are listed in this table below:
| AVATRADE DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| AvaTrade standard account | $100 minimum deposit |
| AvaTrade islamic account | $100 minimum deposit |
| AvaTrade AvaOptions account | $100 minimum deposit |
| AvaTrade spread betting account (UK only) | $100 minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | USD, EUR, GBP, JPY, AUD, CAD, ZAR |
79% of retail CFD accounts lose money
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.
What are the AvaTrade account base currencies?
The AvaTrade account base currencies are USD, EUR, GBP, JPY, AUD, CAD and ZAR.
However, the availability of these depends on the trader’s location. The USD is available worldwide, with the exception of Japan. The EUR is available for UK, Australian and South African traders.
All the other currencies are region-exclusive, as the GBP is available only for UK and EU traders, AUD for Australian traders, ZAR for South African Traders, CAD for Canadian traders, and JPY for Japanese traders.
AvaTrade funding and deposit methods
AvaTrade offers the following deposit methods:
- Wire Transfers: Wire transfers at AvaTrade are available worldwide and without fees. The minimum deposit on AvaTrade for a wire transfer is $100. The deposit processing time usually takes up to 7 business days.
- Credit card: AvaTrade credit card deposits are fee-free. They require a minimum deposit of $100, and 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.
- eWallets: AvaTrade eWallet deposits are available only under the BVI regulated entity of the broker. Skrill, WebMoney, PayPal and Neteller are all available and fee-free. The AvaTrade minimum deposit which applies for eWallets is $100. The processing time in this case is typically within 24 hours.
How to deposit funds into your AvaTrade account: Steps to follow
The steps to follow to create an AvaTrade account are the following:
- Create an AvaTrade account:
If you’re new to forex trading, you may want to open an AvaTrade demo account first. With a demo account, you will get a good understanding of how the platform works, without risking your own funds.
Once you’re familiar with the trading platform, you can apply for an AvaTrade live account.
- Verify the AvaTrade account:
Once you apply for the live account, AvaTrade will ask you to verify your identity by going through the KYC process. This consists in providing the broker with documents like your passport and a bank statement to prove both your identity and address.
- Fund your AvaTrade account:
Once the account is verified, you can now deposit funds into your AvaTrade account. However, you will need to ensure that you adhere to the broker’s minimum deposit.
- Wait for the AvaTrade approval:
Once you deposit the funds, wait for your payments to be processed, and you will receive a confirmation when the funds arrive in your account.
How does the AvaTrade minimum deposit compare with other major brokers?
The comparison between AvaTrade’s minimum deposit and those of other brokers can be found in this table below:
| 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 |
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.
Does AvaTrade offer deposit bonuses?
AvaTrade offers a welcome bonus which gives traders $200 for every $1000 deposited.
This bonus may be valid under some jurisdiction and at certain times, but not for European, Australian and UK traders.
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.