AvaTrade Account Types

AvaTrade Account Types Overview

AvaTrade is one of the most trusted brokers industry-wide and complies with 9 regulators to offer localized services to its core markets. Most clients will receive an identical commission-free CFD trading account, where the regulatory jurisdiction dictates trading conditions like maximum leverage, trading services, and bonuses.

EU-based traders benefit from a professional account option, which consists of similar trading conditions for international traders. All traders may open an AvaTrade demo account, and Islamic traders can open a swap-free alternative. AvaTrade does not have a dedicated corporate account team or custom-tailored services.

With two copy trading services alongside embedded MT4/MT5 solutions, AvaTrade has become a quality copy trading broker. The recent addition of Capitalise AI has made the AvaTrade account types more attractive. Read our detailed AvaTrade account types review below to determine whether their trading conditions offer you the edge you require. For further information about AvaTrade, you may read our AvaTrade broker review.

AvaTrade Account Types Overview at a Glance

AvaTrade Account Types

Our AvaTrade account types introduction provides an overview of what AvaTrade offers and who qualifies, as some options remain geographically restricted. The AvaTrade minimum deposit for all live trading accounts is $100 or a currency equivalent, but AvaTrade recommends between $1,000 and $2,000 for effective trading.

AvaTrade Account types – Key Points

1. Trusted broker

2. Nine regulators

3. Easy account application and user-friendly back office

4. Balanced asset selection

5. Upgraded trading platforms

6. Capitalise AI

7. AvaTrade demo account

8. AvaTrade Islamic account

9. Reasonable commission-free trading costs

AvaTrade Standard Account

This AvaTrade account type is available to every trader and is the primary choice for most AvaTrade clients to manage their portfolios. Commission-free Forex costs range between 0.9 and 1.5 pips for major currency pairs or $9.00 to $15.00 per 1.0 standard round lot. Equity markups are 0.13% over raw market spreads, and the minimum deposit is $100.

Traders benefit from upgraded MT4/MT5 trading accounts, including the Guardian Angel MT4 plugin and additional services by Trading Central and Capitalise AI. AvaTrade also offers its web based WebTrader and mobile app AvaTradeGO! Copy traders benefit from DupliTrade and AvaTrade Social, but availability remains geographically restricted.

Conclusion:

• This balanced asset selection makes AvaTrade ideal for medium-to-long-term copy traders, manual traders, and those interested in the cutting-edge Capitalise AI trading tool, which allows the automation of trading strategies in a code-free environment

AvaTrade Pro Account

This AvaTrade account type is limited to traders resident in Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czech Republic, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland, and the United Kingdom.

Traders must meet two of the following three conditions:

• Sufficient trading activity in the last twelve months
• Relevant experience in the financial services sector
• Financial instrument portfolio of over €500,000 (including cash savings and financial instruments)

Qualifying traders will get identical trading conditions to retail accounts at the subsidiary in the British Virgin Islands, where most clients trade. The sole, and very important, difference is a cost reduction of as much as 50%, as AvaTrade lists minimum spreads as 0.6 pips or $6.00 per 1.0 standard round lot.

It hides this cost advantage in the contract specifications of its EU subsidiary and requires traders to click on the asset to access this information.

Conclusion:

• Most traders do not meet the requirements to qualify for a pro account, after regulatory changes enforced by the ESMA, the EU super-regulator, as part of a wider shakeup of the industry in 2018

AvaTrade Islamic Account

This AvaTrade account type is for Islamic traders, and AvaTrade confirms it is Sharia-compliant. Cryptocurrency trading is not permitted, and some Forex instruments, like ZAR, TRY, RUB, and MXN pairs, are disabled. Traders must open a live trading account and contact customer support to receive a swap-free Islamic upgrade, which neither takes nor grants riba.

Conclusion:

• The AvaTrade Islamic account is genuine, as AvaTrade does not supplement the lack of swap rates with other fees or unfair trading conditions

AvaTrade MT4 Spread Bet Account

This AvaTrade account type is for UK-based traders and offers tax-free trading up to the annual allowance, as outlined by her Majesties Revenues and Customs. It is only available on the MT4 trading platform, with traders benefitting from 200 instruments including Forex, stocks, indices, commodities, and ETFs. Algorithmic trading is allowed, and traders also get the Guardian Angel MT4 plugin.

Conclusion:

• Ideal for UK-based traders

AvaTrade Options Account

This AvaTrade account type is for options traders, from which AvaTrade presents its dedicated options trading platform, AvaOptions. It supports 13 options strategies and has streaming prices for 40 currency pairs and gold, custom charts, and risk management tools. Availability remains geographically restricted.

Conclusion:

• The AvaTrade Options account offers a competitive niche service that supports advanced strategies

AvaTrade Demo Account

The AvaTrade demo account is available to all traders but comes with a high demo account balance of $10,000 and remains restricted to 21 days. Traders may ask for an extension before expiry.

Given the five trading platforms at AvaTrade, the demo account is ideal for traders to familiarize themselves with their varying functionalities. Advanced users who want to test strategies, copy traders who evaluate signal providers, and algorithmic traders who bug-fix trading solutions, must ensure they get unlimited usage. Otherwise, it is not possible to complete these tasks within the standard 21-day time limit.

Conclusion:

• The default AvaTrade demo account is ideal for testing the functionalities and trading tools of the five AvaTrade trading platforms

AvaTrade Account Opening - Step by Step

The online application at AvaTrade onboards new clients, and the first step takes less than ten seconds to complete. Account verification is mandatory to comply with regulatory-stipulated AML/KYC requirements. Most traders will pass through after sending a copy of their government-issued ID and one proof of residency document.

Below is a step-by-step guide on how to open your AvaTrade trading account:

1. Go to the AvaTrade website and click the orange “Register Now” button.
2. Applicants must provide their e-mail and desired password before clicking on “Create My Account.”
3. After loading the web-based trading platform, a pop-up will ask for your basic information, including name, date of birth, country, address, and valid mobile phone number. A questionnaire collecting trade and financial information follows, but no proof is necessary.
4. Account verification is a mandatory step, and traders must upload a copy of their government-issued ID and one proof of residency document. AvaTrade may ask for additional information on a case-by-case basis, but most traders will pass verification with these two documents. AvaTrade aims to complete account verification within one business day.
5. Making the AvaTrade minimum deposit of $100 or above completes account registration, and clients can immediately start trading all available assets.

Noteworthy:

• AvaTrade does not accept traders resident in Belgium, Cuba, Iran, Syria, the US, or New Zealand
• Not all subsidiaries accept traders from every geographical region. For example, the CySEC unit caters to EEA-based clients, and the ASIC unit to Australian ones
• Trading conditions, including fees, services, and bonuses, differ hugely across regulatory jurisdictions and rank between flexible and restrictive

What is the Difference Between a Raw and a Standard Account with AvaTrade?

AvaTrade does not offer raw accounts and only provides a commission-free option, where it adds an internal markup on raw spreads. This approach results in a market-average cost structure, which is objectively neither cheap nor expensive.

Therefore, AvaTrade is ideal for casual traders, copy traders, and those deploying medium-to-long-term strategies. The AvaTrade pricing environment discourages scalping and high-frequency trading. Traders employing these short-term strategies may be better suited elsewhere.

AvaTrade Account Features

Traders must know the AvaTrade account types and features to understand what they get, and to compare them to other brokers, which will help to make an informed investment decision.

The core AvaTrade trading account features are:

• Trusted broker with over 15 years of experience
• Compliant with nine regulators and a clean track record
• Five trading platforms, including MT4/MT5
• Cutting-edge trading tools and services like Capitalise AI, Guardian Angel, and Trading Central
• Quality copy trading environment
• Balanced asset selection of 1,250+ trading instruments
• VPS hosting for algorithmic traders requiring low-latency 24/5 market access
• No deposit or withdrawal fees
• Minimum deposit of $100 and no minimum withdrawal amount

AvaTrade Demo Account

The AvaTrade demo account is available to all clients but comes with a 21-day time limit and a $10,000 demo account balance. Traders may ask for an extension before expiry, but it is unclear how many extensions traders can get.

The default AvaTrade demo account is ideal for traders to evaluate the 5 trading platforms. Since advanced users require unlimited demo accounts to test strategies, evaluate signal providers, compare EAs, and bug-fix algorithmic trading solutions, they should talk to customer support about their requirements. AvaTrade is usually accommodating when approached with these requests.

Beginners must understand the limitations of demo trading, including the absence of exposure to trading psychology, which can create unrealistic trading expectations or promote a false sense of accomplishment. Given the excellent educational tools at AvaTrade, including the spun-out trading academy SharpTrader, beginners should incorporate these lessons into their demo account usage.

The proprietary AvaTrade WebTrader allows clients to switch between live and demo trading with the click of a button, offering a user-friendly approach. AvaTrade limits demo accounts to one per account, which can be a frustrating restriction, especially for seasoned traders with advanced requirements.

AvaTrade at a Glance

AvaTrade Available Markets

AvaTrade Typical Spreads & Fees

AvaTrade Account Types

AvaTrade Minimum Deposit

AvaTrade Minimum Withdrawal

AvaTrade Regulation

Pros and Cons of AvaTrade Account Types

Traders should consider the pros and cons of the differing AvaTrade account types before opening and funding one.

AvaTrade Account Types Bottom Line

While several AvaTrade account types exist, some remain geographically restricted, and most traders will manage their portfolios from an identical, commission-free trading account.

The minimum deposit is $100, and while AvaTrade fees are in the middle of the range, the choice of five trading platforms is excellent. All traders may choose between US Dollar and Euro accounts, and bank wires as a deposit method. Five additional deposit currencies and at least three e-wallets exist, but their availability is geographically restricted.

AvaTrade offers cutting-edge trading tools and quality copy trading services, making it ideal for medium-to-long-term strategies. AvaTrade has no restrictions on scalping and high-frequency trading but does not maintain a supportive infrastructure for this type of trading.

With over fifteen years of experience and a clean regulatory track record in nine jurisdictions, AvaTrade ranks among the most secure and trustworthy brokers.

FAQs

Does AvaTrade offer an Islamic account?

AvaTrade offers a genuine Islamic account, which is fully Sharia-compliant. Unlike some brokers, AvaTrade does not replace the absence of swap rates with other trading fees or unfair trading conditions.

Does AvaTrade offer a bonus account?

AvaTrade offers bonuses in select jurisdictions, dependent on the rules and regulations of the respective regulator.

Which account type is best at AvaTrade?

Since AvaTrade offers one CFD account type to all traders, with a few variations in some jurisdictions, this is usually the best one available.

How do you open a demo account with AvaTrade?

Traders can swiftly open an AvaTrade demo account by clicking on “Free Demo” on the homepage, on the right side of the orange “Register Now” button.

Does AvaTrade have a cash account?

AvaTrade does not have a cash account, as it only offers leveraged CFD trading.

Does AvaTrade have an inactivity fee?

AvaTrade charges an inactivity fee of $50 after three months and an administration fee of $100 after twelve months of dormancy.

How many AvaTrade account types are there?

AvaTrade offers five trading account types, but two are geographically restricted, one is an Islamic account, and one is an options trading alternative. Therefore, most traders will use one account type, where the regulator dictates the trading conditions, which range from flexible to restrictive.

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