AvaTrade Account Types

AvaTrade offers several types of trading accounts designed to meet the needs of different traders. The primary account types include:

• Standard Account:
• Minimum Deposit: $100
• Leverage: Up to 1:400
• Spreads: Fixed spreads starting from 0.9 pips
• Suitable for: Most traders, especially beginners.
• Retail Account:
• Minimum Deposit: $100
• Leverage: Up to 1:400
• Spreads: Fixed spreads starting from 0.9 pips
• Suitable for: Traders residing in Europe; similar features to the standard account.
• Professional Account:
• Minimum Deposit: $100
• Leverage: Up to 1:400
• Requirements: Must meet trading activity thresholds for the last 12 months and have a portfolio of over €500,000.
• Suitable for: Experienced traders seeking higher leverage and lower fees.
• Demo Account:
• Purpose: Allows traders to practice without risking real money.
• Validity: 21 days.
• Features: Same as retail accounts, excluding professional account benefits.
• Islamic Account:
• Features: Complies with Sharia law; no overnight fees or interest charges.
• Availability: Similar to standard accounts but no cryptocurrency trading allowed.

AvaTrade Broker Account Opening Process

Opening an account with AvaTrade involves a straightforward process that typically takes under 6 minutes. Here are the steps:

• Visit AvaTrade Website: Go to the official AvaTrade site and click on "Open a Free Trading Account."

• Complete the Sign-Up Form: Fill in your email address, set a password, and select your country.

• Provide Personal Information: Enter your first name, last name, date of birth, address, postal code, and mobile phone number.

• Financial Details: Answer questions regarding your primary occupation, estimated yearly income, and savings.

• Agree to Terms: Confirm that you agree to the broker's terms and conditions and declare that you are not a U.S. citizen for tax purposes.

• Account Verification: After registration, you may need to upload identification documents for verification, which typically takes 24 hours.

• Deposit Funds: Fund your account with a minimum deposit of $100 to start trading.