Signing up for an AvaTrade account gives you the options of using the best trading platforms that meets your investing style. Offering a selection of manual trading platforms like AvaTradeGO, WebTrader, MetaTrader 4 and 5, investors will enjoy its robust features when trading in the market. Everything you need to know about what type of AvaTrade account, how to sign-up for one and more will be explained in this comprehensive and updated guide.
Opening an AvaTrade account is easy. Just follow these simple steps:
Remember: If you chose to create the REAL account, you can fund it by depositing money to your account to start trading. For DEMO account, there is a virtual money that you can use to practice your trading strategies before you trade using real money.
Becoming a professional trader increases a trader's account leverage level. To apply for a professional trader account, simply follow these steps:
AvaTrade provides a special type of account known as the Islamic account, tailor-made for Islamic clients. This account allows Islamic traders to maintain open positions for up to 5 days without being charged the rollover fee. However, it's important to note that the MetaTrader4 (MT4) platform is not compatible with this account type, and certain forex currency pairs like ZAR, TRY, RUB, and MXN are also unavailable.
To set up an Islamic account with AvaTrade, your initial step involves creating a live trading account. You'll need to verify this account by submitting the required documents, and then make your first deposit.
Once your account is funded, you're then eligible to request for an Islamic account. You can do this by reaching out to the customer service team. They will forward your request to the appropriate department for review and approval. The entire process typically takes around 1 to 2 business days.
Yes. AvaTrade is widely recognized as a trusted trading platform known for its extensive offering of features ideal for forex and CFD traders, as well as for its exceptional education content. In fact, AvaTrade earned the distinction of Best in Class Rating for Beginners.
A live account and a demo account is different in concept but the same in application. Since the demo account allows traders to experience trading in real-time market conditions and try various strategies, trades are executed with virtual money.
The real action, however, takes place on the real account where real money is at stake. It would be best to take advantage of the practice account, which is only valid for 21 days, and then proceed to live trading after the demo expires.
Opening an AvaTrade account is free. Other transactions such as withdrawals and deposits are also free of charge. AvaTrade charges an inactivity fee of $50 per quarter after 3 consecutive months of inactivity.
AvaTrade robust features provides users these benefits:
In order for AvaTrade to confirm your account, you need to upload a Proof of Identity document (Government-issued ID) and a Proof of Address document (billing and bank statements) to your account.
Remember: For Joint Trading Accounts, you will need to fill up a “Joint Account Authorization Form” that you can download from this link.
Since Avatrade requires users to verify ownership of their accounts, certain documents are required. To upload documents, simply follow these steps:
This process is the same when uploading other documents like a billing address.
After uploading your documents, you will see a text box showing the status of your documents. In this case, it will show the upload date and the status "Waiting for review".
Tip: You can check it again the next day to see if your status is changed to "Approved".
The minimum amount you can deposit to your AvaTrade account will depend on the base currency you prefer. Refer to the table below:
Take note: The Australian Dollar is only available for users in Australia similar to the GBP being only available to traders in the UK.