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Rating Index

Pros

Offers a variety of investment plans with low minimum entry amounts.

User-friendly trading platforms like MT4 and MT5 available for traders.

Potential for high returns on investments, appealing to those seeking quick profits.

Cons

No valid regulatory oversight, raising concerns about safety and legitimacy.

Numerous negative reviews regarding fund withdrawal issues and customer support.

Claims of exaggerated operational history and potential for misleading marketing tactics.

Avi-trade broker Accounts

AvaTrade Account Types

AvaTrade offers a variety of account types tailored to meet the needs of different traders, whether beginners or professionals. The main account types include:

Standard Account:

Minimum Deposit: $100
Spreads: 0.9 to 1.5 pips (commission-free)
Leverage: Up to 1:30 (EU) or 1:400 (non-EU)
Ideal For: Beginners and casual traders.

Professional Account:

Minimum Deposit: $100
Spreads: Starting from 0.6 pips
Leverage: Up to 1:400
Eligibility: Must meet certain criteria, including a trading portfolio exceeding €500,000.
Ideal For: Experienced traders seeking advanced features.

Islamic Account:

Minimum Deposit: $100
Features: Swap-free, compliant with Sharia law.
Ideal For: Muslim traders who want to avoid interest on overnight positions.

Demo Account:

Features: Virtual balance of $10,000 for practice.
Duration: 21 days, with the option to request an extension.
Ideal For: Beginners to test strategies without financial risk.

PAMM Account:

Features: Allows investors to allocate funds to professional money managers.
Ideal For: Those looking for portfolio diversification.

AvaTrade Broker Account Opening Process

Opening an account with AvaTrade is a straightforward process. Heres a step-by-step guide:

Visit the Website: Go to the AvaTrade official website and click on the "Register Now" button.
Choose Account Type: Select whether you want to open a real or demo account.
Provide Personal Information: Fill in your name, email address, and other required details.
Complete User Profile: Answer questions regarding your trading experience and preferences.
Account Verification: Upload a government-issued ID and proof of residence (e.g., utility bill).
Submit Application: Review your information and submit the application. Verification typically takes 24 hours.
Deposit Funds: Make the minimum deposit of $100 to start trading.

AvaTrade aims to provide a user-friendly experience, allowing traders to select from multiple platforms, including MetaTrader 4, MetaTrader 5, and their proprietary AvaTrade Go app.