AvaTrade Account Types

AvaTrade offers a variety of account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers. The primary account types include:

• Demo Account:
• Features: Free to open, allows trading with virtual money for 21 days.
• Ideal for: Novice traders to practice and test strategies without financial risk.
• Standard Account:
• Minimum Deposit: $100 / 11,900 KES.
• Leverage: Up to 1:30 (EU regulations) / 1:400 (BVI regulations).
• Spreads: Fixed spreads starting from 0.9 pips.
• Markets: Access to over 1,250 assets including forex, commodities, stocks, and cryptocurrencies.
• Ideal for: Casual traders looking for a diverse range of trading instruments.
• Professional Account:
• Eligibility: Must meet specific criteria (e.g., trading experience, asset value).
• Leverage: Up to 1:400.
• Spreads: Reduced fixed spreads starting from 0.6 pips.
• Ideal for: Experienced traders seeking higher leverage and additional benefits.
• Islamic Account:
• Features: Swap-free trading environment.
• Minimum Deposit: $100.
• Ideal for: Muslim traders adhering to Sharia law.
• Spread Betting Account:
• Availability: Exclusively for UK traders.
• Markets: Over 200 assets with fixed spreads.
• Ideal for: Traders looking for tax-exempt betting options.

AvaTrade Broker Account Opening Process

Opening an AvaTrade account is a straightforward process that can be completed in just a few minutes. Heres how to do it:

• Visit the AvaTrade Website: Navigate to the official AvaTrade homepage.

• Click on "Register": Select the option to open a new account.

• Choose Account Type: Decide whether to open a real or demo account.

• Fill in Personal Information: Provide details such as your full name, email address, and phone number.

• Select Account Preferences: Choose your preferred trading platform (e.g., MetaTrader 4, MetaTrader 5, AvaTrade Go) and base currency.

• Complete the Questionnaire: Answer questions about your financial situation and trading experience.

• Upload Verification Documents: Provide proof of identity (e.g., passport, ID card) and proof of address (e.g., utility bill, bank statement).

• Review and Confirm: Check your information, agree to the terms and conditions, and submit your application.

• Account Verification: The verification process typically takes around 24 hours.

• Fund Your Account: Make your initial deposit (minimum $100) to start trading.

Once your account is verified and funded, you can begin trading on the AvaTrade platform.