There is nothing complicated about making a deposit and withdrawal in AvaTrade. Learn everything about it in this tutorial.
Founded in 2006, AvaTrade is a popular broker that offers plenty of trading services suitable for beginners and seasoned traders.
One of its priorities is to provide the best conditions for deposits and withdrawals, thus allowing traders to have the convenience of managing their funds effectively. The company also ensures that any transactions are carried out in a safe and transparent environment through various methods.
In AvaTrade, the payment methods range from traditional bank wire transfers to modern ones like electronic wallets. You can choose any method from the following table to make a deposit or withdrawal.
| 💳Payment Method | 🕗Processing Time | 💸Fees |
| Bank Wire Transfer | Up to 10 business days | $0 |
| Credit/Debit Cards | Instantly | $0 |
| E-Wallets | Within 24 hours | $0 |
AvaTrade Deposit Tutorial
Making a deposit in AvaTrade is actually very easy. Once you created a live trading account and completed the verification process (for European clients), you can make a deposit right away on the platform.
- Login to your account. Head over to AvaTrade's official website and log in to your account using your credentials.
- Enter the Deposit page. On your Client Portal, click "Deposit" and select "Add Your Funds" from the drop-down menu.
- Choose your preferred deposit method. You'll see a selection of deposit methods available on the screen. Choose the one you prefer to make the transaction.
- Select the account that you'd like to deposit in. AvaTrade lets each client open several trading accounts on different platforms. Please specify the account to transfer the money.
- Enter the deposit amount. Make sure to check the minimum deposit depending on the base currency of your account and the deposit method you selected. After that, click Next.
- Add the payment method details. Enter the details of your payment method account. You may be required to provide additional documents as proof of ownership but don't worry, the broker will let you know everything you need.
- Click the "Deposit" button and complete the transaction.
Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor (EA), Avatrade also completes their service with One-cancels-the-other order (OCO) and AutoTrading in many variants of automated trading systems.
AvaTrade was founded in 2006, with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.
In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area.
Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.
The Autochartist free signal is provided in Gold Account, Platinum Account, and AVA Select. By opening an account in AvaTrade, traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives.
Traders can access AvaTrade in many variants of platforms, such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading, and AvaOptions.
In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984).
Can traders lose more than their deposit abruptly in the event of high volatility? AvaTrade explicitly answers no, as traders have negative balance protection.
With a minimum deposit of USD100, AvaTrade offers various leverage depending on the trading instruments; whether it is forex (starts from 30:1), indices (starts from 20:1), commodities (starts from 5:1), ETFs (starts from 5:1), or cryptocurrencies (starts from 2:1).
AvaTrade has committed to a set of values in relation to customers. Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform.
New traders can also learn forex trading in the Education tab on AvaTrade's official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.
There are many types of account types provided by AvaTrade. There is also an Islamic Trading Account, which is uniquely provided for Muslim Traders. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests (swap-free), which sits well with the finance principles of Sharia Law.
If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice. The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.
AvaTrade Withdrawal Tutorial
Making a withdrawal is often an issue in many untrusted brokers, but thankfully this is not the case here. AvaTrade withdrawal can be done in several easy steps below:
- Login to your verified AvaTrade account.
- Go to the Withdrawal section. Click "Withdrawal Funds" and select "Withdraw your funds" on the left side menu.
- Fill out the withdrawal form. Select your withdrawal method and specify the account as well as the withdrawal amount. Make sure to use the same account as the one used for making the deposit.
- Wait for the withdrawal funds to reflect in your account.
Deposit and Withdrawal Conditions to Consider
AvaTrade account funding and withdrawal are not complicated at all, but there are several things that must be considered to ensure that the process runs smoothly:
- All clients are required to complete the KYC verification procedure by submitting documents that confirm their identity and residence before making a withdrawal. For European traders, verification is needed to complete both deposits and withdrawals.
- AvaTrade does not charge any internal deposit or withdrawal fees, but you still may be charged by the bank institution or payment provider.
- You will have to pay conversion fees if you use a different currency than your account's base currency. The amount would depend on the current exchange rate.
- The minimum deposit to open an account is $100, but it's recommended to start with at least $1000-2000 in your account.
- Deposits via third party are accepted, but both parties will be required to submit verification documents to confirm that they're legit. You'll also need to provide a clear copy of the credit card used, displaying the front and back side of the card.
- Withdrawal requests should take around 24-48 hours to process, but it might take longer (up to 10 business days) for the funds to reflect in your bank account. Please check for any delay with your payment provider.
FAQs on Deposit and Withdrawal in AvaTrade
- Can I cancel my deposit?
It is possible to cancel a deposit. All you need to do is send a request to the customer service. If you didn't use the funds to make any trades, the deposit will be canceled within 24 hours. Once it's completed, you'll get an update from the customer service via email.
- How long does it take for the funds to reflect in my account?
It depends on the base currency of your account and the payment method you choose. Deposits via bank wire transfer, for instance, may take up to 10 business days. To make the process faster, you can send a copy of the Swift via email so that AvaTrade can track your order. If the problem persists, please kindly reach out to the customer service team.
- Can I deposit using someone else's credit card or bank account?
Unlike most brokers, AvaTrade does accept third-party payments. However, you'll need to upload additional verification for both parties.
AvaTrade is an innovative global forex and CFD broker that offers a diverse range of trading services as well as instruments with some of the most competitive commissions in the industry. It is known as a trustworthy brokerage firm, suitable for beginners and professional traders alike. Some other defining points include easy deposits and withdrawals, an intuitive mobile app, and fast execution.