All Share (J203) = 87 916
Rand / Dollar = 18.17
Rand / Pound = 23.51
Rand / Euro = 19.85
Gold (usd/oz) = 2 983.40
Platinum (usd/oz) = 1 008.60
Brent (usd/barrel) = 70.51
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

AvaTrade Cashback Rebates Review

AvaTrade Cashback Rebate Review

 

AvaTrade cashback rebates are offered to South African retail account traders. Up to 20% or 0.35 pips per standard lot traded on MetaTrader 4 is available.

🔎 Instrument🅰️ Number of Assets🅱️ Maximum Leverage
📈 Forex551:400
💎 Precious Metals51:200
📊 ETFs591:20
📌 Indices331:200
📍 Stocks6251:10
🪙 Cryptocurrency201:25
💹 Options531:100
💡 Energies51:200
📈 Bonds21:20
📉 FXOptions241:100
🚀 Get Cashback!👉 Click Here👉 Click Here

 

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

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Cashback Rebates Review – A Key Point Quick Overview

  1. ☑️Cashback Rebate Review
  2. ☑️Rebate Summary and Conditions
  3. ☑️How to Open a Forex Cashback Account with AvaTrade via SAShares
  4. ☑️Number of Traders participating in AvaTrade Cashback Rebates
  5. ☑️Pros and Cons
  6. ☑️In Conclusion
  7. ☑️Our Insights
  8. ☑️Frequently Asked Questions

 

Cashback Rebate Review

Overall, AvaTrade offers South Africans a cashback of up to 20% or 0.35 pips per standard lot traded on MetaTrader 4 in its retail account.

 

🔎 Markets📌 AvaTrade MT4 Spread Rebates📌 AvaTrade MT4 Pip Rebates
📈 Forex20%0.35 pips
📉 Indices20%0.35 pips
🪙 Cryptocurrency20%0.35 pips
💎 Precious Metals20%0.35 pips
🥇 Energies20%0.35 pips
📊 Shares20%0.35 pips
💹 ETFs20%0.35 pips
🍎 Soft Commodities20%0.35 pips
📌 Bonds20%0.35 pips
💡 Payment FrequencyMonthlyMonthly
🚀 Get Cashback!👉 Click Here👉 Click Here

 

Cashback Rebate Review

 

Rebate Summary and Conditions

 

AvaTrade offers South Africans a cashback of up to 20% or 0.35 pips per standard lot traded on MetaTrader 4 in its retail account.

  • AvaTrade has an overall rating of 4.3 / 5
  • AvaTrade has a Real Customer Rating of 4.2 / 5

 

AvaTrade will not release any commissions unless the amount received from transactions surpasses a threshold more significant than any bonus amount. Bonus-funded margins are not eligible for rebates. The following traders do not qualify for rebates:

  • European Union, New Zealand, Israel, and Hong Kong residents.
  • Traders are residing in Japan FSA and Israel ISA.

 

South Africans can earn rebates or receive a rebate on the part of the transaction cost incurred on every transaction. This provides traders with narrower spreads and increased win rates on their trades.

 

Rebate Summary and Conditions

 

How to Open a Forex Cashback Account with AvaTrade via SAShares

You can follow these steps to register for a Forex Cashback Account with AvaTrade via SAShares.

 

New AvaTrade Accounts

If you do not have an existing account with AvaTrade, you can easily obtain a cashback rebate in three simple steps.

 

1. Step 1:   Start the AvaTrade Account Registration

To open an AvaTrade Account, the applicant can simply click on the orange “Register Now” button located at the top of the AvaTrade Webpage.

 

2. Step 2: Submit Trading ID

The next step is for the applicant to submit their Trading ID to SaShares.  Here is an example of how to do so:

 

To: [SAShares]

Subject: New AvaTrade Rebate Application

“Dear SAShares Team,

Please view my AvaTrade Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”

 

3: Step 3: Wait for Approval

Once approval is given, you will automatically receive your cashback rebates from the AvaTrade system.

 

How to Open a Forex Cashback Account with AvaTrade via SAShares

 

Existing AvaTrade Accounts

If you have an existing AvaTrade account, you can get a cashback rebate by following these simple steps.

 

1. Step 1: Contact AvaTrade Support

Email AvaTrade: support@AvaTrade.com and request that the broker transfer the trading account under the following SAShares Affiliate ID: [SAShares]. Here is an example:

 

To: [SAShares]

Subject: Account Transfer Request

“Dear AvaTrade Partner/Affiliate Team,

I would like to request that my account be transferred to IB/Partner/Affiliate code [SAShares Code]. Furthermore, I would like to request to be assigned under the mentioned IB regardless of whether my account falls under an umbrella or parent IB.”

 

2. Step 2:   Wait for Confirmation

Once traders receive confirmation of the transfer from AvaTrade, the applicant can create an additional trading account.

 

3. Step 3:   Contact SaShares

Lastly, the applicant must send their Trading or Client ID to SAShares.  Here is an Example:

 

To: [SAShares]

Subject: New AvaTrade Rebate Application

“Dear SAShares Team,

Please view my AvaTrade Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”

 

Existing AvaTrade Accounts

 

Number of Traders participating in AvaTrade Cashback Rebates

AvaTrade provides active trading accounts to more than 300,000 registered traders. However, it is uncertain how many of these consumers presently participate in Cashback Rebates provided by AvaTrade.

 

Number of Traders participating in AvaTrade Cashback Rebates

 

Pros and Cons

✅ Pros❌ Cons
Easy Account openingLimited product portfolio
No withdrawal feeAdministration fee
Low trading feesInactivity fee
Negative balance protectionNot listed on stock exchange

 

In Conclusion

AvaTrade offers South Africans an attractive cashback rebate on the Retail Account of up to 20% or 0.35 pips per standard lot traded on MetaTrader 4.

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

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Insights

Forex cashback rebates will allow South African traders to get reimbursed for their transactions in the foreign exchange market. AvaTrade provides an excellent cashback rebate offer.

 

You might also like:

AvaTradeGO Mobile App Review

AvaTrade Account Types

AvaTrade Fund Withdrawal Process

AvaTrade Sign-Up Bonus

AvaTrade Islamic Account

 

Frequently Asked Questions

 

What are Forex Cashback Rebates in South Africa?

Forex cashback rebates allow South African traders to get reimbursed for their transactions in the foreign exchange market. Brokers or third parties often give these rebates to entice traders to use their services.

 

Does AvaTrade offer Forex Cashback Rebates for South Africans?

AvaTrade offers Forex Cashback Rebates of up to 20% of the spread or 0.35 pips.

 

How does the Forex Cashback Rebate process work in South Africa?

Enrol in a reliable provider’s cashback rebate program, register a trading account with AvaTrade or transfer an existing account to AvaTrade, start trading on the forex market, and get rebates depending on the financial instruments you trade and the volume of your transactions.

 

I am an existing trader. How can I transfer my account to earn rebates via AvaTrade?

South Africans with trading accounts held with other brokers can register an account on AvaTrade and ask that their current broker transfer the account and open positions to AvaTrade. South Africans can then start trading with AvaTrade to earn rebates.

 

How many traders with AvaTrade in South Africa use the Cashback Rebate feature?

It is unclear how many of AvaTrade’s over 300,000 customers use the Cashback rebate option.

 

What are the maximum rebates I could earn with AvaTrade in South Africa?

When traders utilize MetaTrader 4, AvaTrade provides up to 20% or 0.35 pips rebates.

 

Will my AvaTrade fees and spreads increase when I use the Cashback Rebate feature in South Africa?

On the Cashback Rebate function, AvaTrade does not raise any fees or spreads.

 

Why should I work through the SA Shares Cashback?

You can expect some of the highest commissions if you work through SA Shares to earn Cashback Rebates from AvaTrade.  This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as AvaTrade to ensure you get the most back from your trading activities.

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 8, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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