Our Avatrade Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to depositing the minimum amount
- Pros and Cons
Minimum Deposit
AvaTrade has a minimum deposit requirement of $100.
This minimum deposit amount is equal to 1,500 ZAR, at the current exchange rate between the United States Dollar and the South African Rand [2021/11/08].
AvaTrade is regulated by several entities and to comply with the strict requirements of these market regulators, AvaTrade must keep all client funds in segregated accounts with top tier banks, away from the broker account where operational funds are kept.
These funds may only be used towards trading activities of customers and may not be used for operational purposes, or to fulfil financial obligations. AvaTrade also offers compensation through reputable schemes to eligible clients if the broker ever goes bankrupt or cannot fulfil its financial obligations.
Deposit fees and deposit methods
AvaTrade does not charge any deposit fees according to the official website.
The minimum deposit requirement of AvaTrade is a standard amount charged across the industry. While deposit fees are not charged, traders may be subject to processing fees by their bank, payment provider, or financial institution depending on the payment method they use and the amount they transfer.
In such cases, AvaTrade cannot be held liable for these processing fees and traders must ensure that they verify such fees before they deposit funds into their trading account.
When traders pay the minimum deposit amount of $100, they can use any of the following payment methods:
- Bank Wire Transfer
- Credit/Debit Card
- PayPal
- WebMoney
- Neteller
- Skrill
When traders deposit the minimum deposit, they can use the following deposit currencies:
- USD
- EUR
- GBP
- CHF
- AUD
Step by step guide to depositing the minimum amount
To deposit the minimum amount, traders can follow these steps:
- Traders can verify their trading account by completing the “Know Your Customer” or KYC process where they must submit their proof of identity and residence.
- Once the account is approved, traders can log into their AvaTrade account and select the option to “Deposit” from the trader’s dashboard.
- Traders can select their preferred payment method, enter the minimum deposit amount, and proceed with any further actions, prompts, or instructions to confirm the deposit.
Depending on the payment method that is used, traders may have to wait a few hours or days for their deposit. While banking cards and electronic payment methods can be instant, methods such as bank wire can take a few days to process.
Pros and Cons
You might also like: Avatrade Account Types
You might also like: Avatrade Demo Account
You might also like: Avatrade Fees and Spreads
You might also like: Avatrade Islamic Account
FAQ
What is the minimum deposit required to open an account with AvaTrade?
$100.
How do you make a deposit and withdraw money with AvaTrade?
Does AvaTrade charge withdrawal fees?
No, AvaTrade does not charge withdrawal fees when traders remove funds from their trading account. However, the trader’s payment provider/financial institution may charge processing fees that AvaTrade cannot be held liable for.
How long does it take to make a withdrawal?
This will depend on the payment method that the trader uses. Some payments can be instant while others may take a few days.
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