AvaTrade Account Types offers South African traders access to 3 Live trading accounts, Retail, Islamic, and, Professional. The Minimum Deposit is R1847.54 ZAR/100 USD.
| 🔎 Account Type | 👉Open an Account | 🤝 Best Suites | 💶 Min. Deposit (ZAR) |
| 🥇 Retail | 👉 Open Account | All Traders | 1847.54 ZAR |
| 🥈 Islamic | 👉 Open Account | Muslim Traders | 1847.54 ZAR |
| 🥉 Professional | 👉 Open Account | Active / Professional | €500,000 / 9,942,007 ZAR |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
AvaTrade Account Types – Key Point Quick Overview
- ☑️AvaTrade Account Types
- ☑️How to Open an AvaTrade Account Step by Step
- ☑️Customer Reviews
- ☑️Conclusion
- ☑️Frequently Asked Questions
AvaTrade Account Types
AvaTrade offers access to 3 Live Trading accounts, Retail, Islamic, and, Professional. The minimum deposit required to open a Retail and Islamic account is R1847.54 ZAR/100 USD. Moreover, Professional and Demo Accounts are provided.
Retail Account
The AvaTrade Retail Account is available to all traders, with tight spreads and a wide range of financial instruments. Financial Instruments available include Forex, CFDs, Options, and spread betting. Notable Features include:
- Availability to All Markets
- Commission Free
- All Platforms Integrated
- 0.01 Lots – Unlimited Trade Size
Moreover, a Leverage of up to 1:30 is offered. The minimum deposit is R1847.54 ZAR/100 USD.
Islamic Account
The AvaTrade Islamic Account is available to Muslim Traders per Sharia Law. The Account is not subject to special fees or interest. Notable Features include:
- Gold, Silver, Oil, Indices and Forex Trading
- Commission Free Trading
- Integrated with all Trading Platforms
- Leverage of up to 1:30
The minimum deposit is R1847.54 ZAR/100 USD. Moreover, it should be noted, that despite a swap-free structure, a five-day holding period may apply. Positions held for more than 5 days may be subject to fees. In addition, Islamic Accounts will be subject to an Increased Spread on Forex Pairs.
Professional Account
AvaTrade offers a professional trading account to traders who meet a set of criteria. The criteria include a Financial portfolio of over €500,000 / 9,942,007 ZAR. Moreover, applicants must have over a year of experience in a professional setting within the financial sector.
Demo Account
The Demo Account is a cost-free account funded with virtual funds. Moreover, the demo account is available to all traders, including those of the Muslim Faith. The account type can be used to Practice trade across stocks, forex, cryptocurrencies, and commodities.
In addition, Trades can test a selection of trading platforms, including MetaTrader 4 and MetaTrader 5. In addition, professional traders can use the account to test strategies.
How To Open an AvaTrade Account step by step
To open an account with AvaTrade, follow these steps:
Step 1 – Select Register
Go to the AvaTrade website and click “Register” in the upper right.
Step 2 – Complete Registration
Fill out the registration form with your name, email address, and phone number.
Step 3 – Accept Terms and Conditions
Review and accept the terms and conditions before clicking the “Register” button to submit your application.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Customer Reviews
🥇Awesome Broker
AvaTrade offers many assets, including forex, commodities, and cryptocurrencies. The spreads are competitive, but support can be slow. They’re well-regulated and offer solid educational resources. The trust score is high. John Miller reviewed it.
🥈Great Choice
AvaTrade provides an excellent selection of asset classes and solid educational materials. The spreads are reasonable, and top-tier authorities regulate them. However, customer service could improve. Reviewed by Sarah Thompson.
🥉Good Choice
AvaTrade is well-regulated, with offerings across forex, indices, and stocks. Spreads are competitive, though service quality varies. Educational resources are extensive, but platform issues arise during high traffic. Reviewed by Mohamed Al-Farsi.
Conclusion
AvaTrade Account Types offers an excellent selection of straightforward account types. It caters to Beginner, Islamic, and, Professional Traders with additional access to a cost-free Demo account.
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Frequently Asked Questions
How many Trading Instruments do AvaTrade Offer?
Trading Instruments on offer include Forex, Commodities, Cryptocurrency, Stocks, and Shares.
Is cryptocurrency trading available on Islamic accounts?
Cryptocurrency trading and select Forex Instruments (ZAR, TRY, RUB, MXN pairs) are not available on the Islamic Account.
What is the difference between a demo and a live trading account?
A Demo Account is a risk-free account that is funded by virtual money. Moreover, it allows traders to practice trading, explore the broker’s offering, or test trading strategies in a mimicked live trading environment.
Does AvaTrade offer a demo account?
A Cost-Free Demo Account is offered.
For how long is the demo account valid?
30-days. This option is standard amongst a great variety of brokers although other brokers often offer demo accounts that do not expire given that these demo accounts are continuously used.
Does AvaTrade offer an Islamic Account option?
The option for a swap-free account is provided.
Which live trading accounts does AvaTrade offer?
Standard Retail Account and Professional Account
What are the available deposit currencies for a live trading account?
USD, EUR, GBP, ZAR and AUD.
Which platforms are supported by AvaTrade?
MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, DupliTrade, and ZuluTrade.
Does AvaTrade offer leverage?
AvaTrade offers a maximum leverage of 1:400.
What spreads can I expect with AvaTrade?
Spreads start from 0.9 pips.
Does AvaTrade charge a commission?
AvaTrade offers commission-free trading on both retail and professional accounts.
What is the minimum deposit for AvaTrade?
The minimum deposit is R1847.54 ZAR/100 USD.
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