AvaTrade Fees Spreads, and, Commissions in South Africa. Fees start from 100 USD/ 1857.63 ZAR with Spreads from 0.03 Pips. Moreover, on select accounts, commission-free trading may apply.
| 🔎 Broker | 🥇 AvaTrade |
| 💶 Min. Deposit | 100 USD / 1857.63 |
| 📈 Spreads - major forex pairs | 0.03 Pips |
| 📉 Spreads - exotic currencies | 2 Pips |
| 📊 Commissions | None |
| 💹 Inactivity Fee | ✅Yes |
| 💴 Withdrawal Fee | None |
| 💷 Deposit Fee | None |
| 🚀Open an Account | 👉 Open Account |
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 Fees Spreads, and, Commissions – Key Point Quick Overview
- ☑️AvaTrade Fees Spreads, and, Commissions
- ☑️Swap Fees and Costs
- ☑️Additional Fees and Costs
- ☑️Fund Safety and Security
- ☑️Pros and Cons
- ☑️Customer Reviews
- ☑️Conclusion
- ☑️Frequently Asked Questions
AvaTrade Fees Spreads, and, Commissions
The spread list offered by AvaTrade will depend on the financial instrument traded. In addition, it will depend on whether it is traded on the retail or the professional account.
Professional trading accounts receive tighter spreads but have strict requirements that must be met before traders can become eligible as experienced traders. AvaTrade has transparent fee schedules. The costs are easy to calculate through AvaTrade’s provision of a trading calculator. The Trading calculator can be accessed before registering a live trading account.
Traders can access the different fees and spreads charged on the AvaTrade website under ‘financial instruments’ which provides a transparent, comprehensive breakdown of the costs and spreads that traders can expect.
Moreover, traders must take note that certain financial instruments can only be traded during a certain time of the day, especially where different time zones are concerned, and due to this, there may be additional fees charged if these positions stay open for longer after the trading day has concluded.
Swap Fees and Costs
Overnight fees, or swap fees, are fees that are charged when traders leave their trading positions open for longer than the trading day. Depending on the position of the trader, they can either earn or pay interest. AvaTrade will charge an inactivity fee of 100 USD, 50 EUR, or 50 GBP, after 3 consecutive months of non-use.
Muslim traders, who follow and operate under the Sharia Law, have the option of converting their live trading account into that of an Islamic Account to avoid being subjected to such fees.
After 12 consecutive months of non-use, an administration fee will be deducted from the value of your trading account as follows:
- USD Account: $100 / 1857.63 ZAR
- EUR Account: €100 / 1995.93 ZAR
- GBP Account: £100 / 2321.01 ZAR
*Please note that the Conversion rate may differ. The amounts shown are correct at the time of publication.
Traders who are eligible for the Islamic Account, therefore Muslim traders, can follow the process of registering for a live trading account and then applying for the conversion once their trading account has been approved.
This process takes between one to two business days. Moreover, traders are not offered spread betting and therefore spread betting fees are not charged.
Additional Fees and Costs
AvaTrade does not charge a Deposit or withdrawal Fee. However, as previously mentioned, an inactivity fee is. Moreover, an Account Fee is not levied by the broker. In addition, a Currency Conversion fee will be charged for deposits and withdrawals in currencies that differ from the account base currency.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low minimum deposit | Inactivity fee charged |
| No deposit fees | Administration fee charged |
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 is a highly regulated Forex Broker with low fees and a commission-free cost structure. Moreover, Negative Balance protection and fund segregation are offered.
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
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Frequently Asked Questions
How many instruments can I trade with AvaTrade?
Trading Instruments offered include Forex, Commodities, Cryptocurrency, Stocks, Shares, and, Metals.
Is an Inactivity Fee charged?
AvaTrade will charge an inactivity fee of 100 USD, 50 EUR, or 50 GBP, after 3 consecutive months of non-use.
What is the Minimum deposit to open an AvaTrade Retail or Islamic Account?
The Minimum Deposit to open a Retail or Islamic Account is R1847.54 ZAR/100 USD.
What do I need to Qualify for a Professional Account?
The criteria include a Financial portfolio of over €500,000 / 9,942,007 ZAR.
Does AvaTrade offer leverage?
Yes. AvaTrade offers a maximum leverage of 1:400.
What spreads can I expect with AvaTrade?
Spreads from as little as 0.9 pips when trading forex.
Does AvaTrade charge commissions?
No. AvaTrade offers commission-free trading on both retail and professional accounts.
Does AvaTrade protect client funds?
AvaTrade keeps all client funds in segregated accounts. Moreover, Negative Balance Protection and an Investor Compensation Fund are offered.
Does AvaTrade levy deposit or withdrawal fees?
AvaTrade does not levy an internal deposit or withdrawal fee.
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