AvaTrade Minimum Deposit Guide

logomark Luca Puddu calendar Last Updated: December 2021 timer 7 min read

Opening a new account with AvaTrade can be a very fast and convenient process to complete. If you’re interested to know more details, we have discussed it in-depth in our AvaTrade review.

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:

Table of contents

What is the AvaTrade Minimum Deposit?

AvaTrade Minimum Deposit is officially $100 if using credit, debit cards or eWallets. Otherwise this amount can raise up to $500 via bank transfers. AvaTrade does not charge deposit fees, and the good amount of base currencies make it easier to avoid conversion fees.

AvaTrade Features
Minimum Deposit $100
Deposit Fees No
Withdrawal Fees No
Base Currencies USD, EUR, GBP, JPY, AUD

AvaTrade Standard Account

AvaTrade provides a good selection of trading accounts as we have discussed in our AvaTrade Account Types article. We will now take a closer look at how the minimum deposit applies to each Avatrade account type, starting with the retail and standard accounts.

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 Avatrade applied. The minimum deposit amount simply corresponds with that of the payment method you are using. These are detailed above, and should you want to find more info like this, you can have a look at our best brokers with low minimum deposit  post to find which brokers offer the lowest minimum deposit to open an account.

AvaTrade Islamic Account

An AvaTrade Islamic account is offered. This account type is fully compliant with Sharia law and can be applied on retail, standard, options, or spread betting account with a minimum deposit of just $100 required to start trading.

Although AvaTrade offers one of the best Islamic accounts, there are many more available from other brokers in the industry. If you are interested to learn more about these you can always check out our swap free Islamic forex brokers top ten for the most up-to-date information.

AvaTrade AvaOptions Account

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.

 

Avatrade options trading

AvaTrade Spread Betting Account

Avatrade is one of the best spread betting brokers around. These accounts are only available within the UK and Irish regulatory area. With these account types, again there is no Ava trade minimum deposit amount other than that which applies to your funding method.

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.

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

Feature AvaTrade Pepperstone eToro
Min. deposit $100 $0 ($200 recommended) $200
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal No Yes No
Number of dep. methods 6 9 10
Account currencies USD, EUR, GBP, JPY, AUD USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD USD

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, 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.

Avatrade Funding and Deposit Methods

As you would expect from a top forex broker, there is a range of different Avatrade deposit methods and options. 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 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 $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.

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.

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 FAQs

Is AvaTrade free?

AvaTrade does not charge any account, deposit, or withdrawal fees. The only fees you may find with the broker will be certain administration charges, inactivity fees, or overnight fees that are charged trading CFDs at any broker unless you have an Islamic account that is swap-free.

How do I deposit money to AvaTrade?

To deposit money to the broker, simply login to the trading platform, go to the deposit section, select your favored deposit method, and choose the amount you want to deposit.

Now use the information provided to you to manually send a wire transfer make a card transfer to AvaTrade based on the deposit method you want to use.

How long do AvaTrade withdrawals take?

AvaTrade deposits take around 2-3 business days, though they can take up to 5 business days depending on the deposit method you choose and the country you reside in. Wire transfers will typically take the longest to complete.


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79% of retail investor accounts lose money

About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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