Access your account by logging in with your e-mail address and password. Check your balance, deposit or withdraw funds from your dashboard 1/25/ · AvaTrade offers low cost trading on forex and CFD instruments. It is a market maker that is regulated by FSCA, ASIC, CySEC and several other regulatory authorities. Check all the pros and cons for choosing AvaTrade in Nigeria. Editor | Updated January 25, Trust Score8 /10 Minimum Deposit $ Typical EUR/USD Spread pips Regulation (s) Web Trading Platform - Trade from your Browser | AvaTrade Get the Web trading WebTrader – No Download, No Limit Trading From its easy-to-use interface and modern design, this platform is simple to use and is suitable for both beginners and advanced traders. No need to download or install anything! Start Trading This website uses cookies
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AvaTrade is an internationally regulated beginner-friendly CFD broker offering trading on Forex, cryptocurrencies, commodities, indices, stocks, avatrade ng, bonds, vanilla options, and ETFs. AvaTrade has received extensive industry recognition for AvatradeGO, one of the most popular mobile trading applications available globally and, unlike many European brokers, has a local Nigerian customer support team. In terms of trading platforms, AvaTrade offers a wider choice than most brokers, with support MT4, MT5, AvaOptions, and its proprietary web trader platform.
The same is true avatrade ng the trading tools available, with Avatrade offering Trading Central, avatrade ng, Duplitrade, and AvaProtect, its own innovative risk management system. Furthermore, Avatrade does not charge any deposit or withdrawal fees and provides an excellent selection of educational materials to get new traders started.
Founded in in Ireland, AvaTrade has more avatrade ngregistered clients globally and is a leading Forex and CFD broker. Avatrade has a corporate structure composed of avatrade ng regulated entities that operate in different regions across the world, including South Africa, Australia, Cyprus, Japan, Abu Dhabi, and avatrade ng British Virgin Islands.
See below for more details:. In Nigeria, Ava Trade Ltd is regulated by the British Virgin Islands FSC. The BVI FSC is not considered one of the best regulators, avatrade ng, and its rules are not as strict as those of other regulators such as ASIC avatrade ng those of the EU. However, it does allow AvaTrade to offer higher leverage and bonuses to Nigerians. Furthermore, although the BVI FSC does not require client funds to be segregated from the operational funds of the company, Avatrade segregates all client funds at top-tier banks, and provides negative balance protection to all traders.
However, Avatrade regularly discloses its financials and is frequently assessed by external auditors, burnishing its credentials as avatrade ng secure broker.
In addition to being regulated by several national authorities, AvaTrade has received widespread industry recognition for its excellent trading conditions and innovations.
Recent awards include:. Based on its long track record of responsibility, its provision of negative balance protection, the segregation of client money, and the high level of regulatory oversight, it is clear that Avatrade desires to provide a safe and secure trading experience for traders in Nigeria.
Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, Avatrade only offers one commission-free account that employs instant execution. Avatrade is completely transparent regarding its overnight financing rates. However, Avatrade makes no claims about how these fees are derived, avatrade ng. Avatrade charges swap fees of 0. Interest is avatrade ng on leveraged positions, which is the money borrowed from the broker to trade, avatrade ng.
However, it charges a reasonable minimum deposit of only USD, making it a good choice for both beginner and experienced traders. Avatrade does not charge avatrade ng or withdrawal fees but does charge an account inactivity fee of 50 USD per quarter after three months of inactivity. Additionally, a fee of USD will be added to this after 12 consecutive avatrade ng of no trading.
Compared to other brokers, these fees are relatively high. All Avatrade ng are eligible to open a trading account at Avatrade but will have to meet the minimum deposit requirement of USD.
Creating an account is fast and fully digital, and accounts are usually ready for trading in a matter avatrade ng minutes. Once all documents have been received, the account will be ready for trading within a matter of minutes. Avatrade offers only one account type that is suitable for both beginner and more experienced traders. We define beginner traders as inexperienced traders who have never traded before, or who have been trading for less than a year, avatrade ng.
Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. That said, other brokers offer a range of accounts for beginners with lower minimum deposits and sometimes allow trading in micro-lots. Furthermore, more experienced traders may prefer to pay a higher minimum deposit in exchange for tighter spreads, which is not available at Avatrade. Note that cryptocurrency trading is not available on Islamic accounts.
Furthermore, certain FX instruments ZAR, TRY, RUB, MXN pairs are also not available on Islamic accounts. Account-holders also enjoy progressive perks with increasing deposit amounts. Clients who deposit 2, USD or more will gain free access to Duplitrade, a powerful third-party copy trading platform. Avatrade offers trading on multiple financial instruments, avatrade ng, including commodities, stocks, indices, cryptocurrencies, vanilla options, bonds, and ETFs.
With over 50 forex pairs, its asset choice is similar to those offered by its competitors. However, withdrawal times are slow compared to other brokers. A well-regulated broker, Avatrade ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source.
Avatrade does not charge fees for deposits or withdrawals. See below for a list of payment options:. Withdrawals are typically processed and sent within 1 to 2 business days. Once the withdrawal is processed, additional time may be required for you to receive it. Here are the different times according to the different payment channels:. Overall, while withdrawal and deposits are free, Avatrade takes longer to process deposits and withdrawals than other similar brokers.
Avatrade offers a reasonable number of base currencies compared to other similar brokers but does not offer NGN trading accounts. Traders can choose between five base currencies at Avatrade, including USD, EUR, GBP, CHF, and AUD, avatrade ng. AUD is only available for Australian clients, and GBP is only available for UK residents.
This is a disadvantage for Nigerians who have bank accounts denominated in NGN, as they will have to pay conversion fees, which may affect profitability.
While this may not affect occasional traders, high volume traders who trade more than 10 lots a month should consider opening an account denominated in USD, because a conversion fee will be charged for every trade made on a USD quoted currency pair. This can be done by opening a multi-currency bank account at a digital bank. Avatrade offers a wide range of trading platforms compared to other similar brokers, including MT4, MT5, and its own proprietary platform, avatrade ng.
Avatrade also provides one of the best mobile trading experiences, with its AvatradeGo App. With a clean user interface and intuitive design, the web trader platform requires no downloads or installation and is available for all devices.
Traders can access a wide selection of indicators in multiple timeframes. It is also easy to search for various avatrade ng, but traders only have access to three basic order types, including Market, Limit, and Stop orders. The platform also does not allow traders to set price alerts and notifications. Trading Central, one of the most popular third-party trading tools available, is fully integrated into the platform and provides technical insight and instant pattern recognition.
While the AvaProtect feature is active, traders will still be able to benefit from any gains on a position. The cost of AvaProtect changes according to the market and size of the avatrade ng. AvaProtect is also available on the AvaTradeGO App. Note that this feature is not available on limit orders, only on market orders. Developed by MetaQuotes inMT4 is still considered one of the best CFD trading platforms in the world. The benefit of Avatrade offering a third-party platform such as MT4 is that traders can use the platform should they choose to migrate to another broker.
Although the platform feels somewhat outdated, avatrade ng is still widely recognised for its execution speeds, excellent charting tools, algorithmic trading, and customisability.
Other features of MT4 include:. Developed inMT5 is the newer version of its predecessor, MT4. The primary difference between MT4 and MT5 is that MT4 is a Forex-only platform, while MT5 is a multi-asset trading solution.
On MT5, you can trade stocks, stock indices, commodities, avatrade ng, cryptocurrencies, ETFs, and precious metals. MT5 is more powerful and faster than MT4, especially when it comes to back-testing functionality. MT5 also has a built-in news feed, market depth indicator, economic calendar, and trades that can avatrade ng made on charts. Additional features of MT5 include:.
AvaTrade allows trading on vanilla options. Options avatrade ng provides traders with opportunities to benefit from more than just the 2-dimensional nature of Forex trading.
Vanilla options are available on more than 40 currency pairs, gold, avatrade ng, and silver. Trading options can be a complex undertaking, but the AvaOptions platform simplifies the process. AvaOptions is an intuitive and well-designed platform and allows traders to execute Straddles, Strangles, Risk Reversals, avatrade ng, Spreads, and other strategies. Traders can learn to trade vanilla options on the AvaOptions demo account. Overall, Avatrade provides an excellent selection of both proprietary and third-party platforms to suit the avatrade ng of any trader.
Avatrade offers an excellent mobile trading experience compared to other similar brokers. Having won numerous industry awards, AvatradeGO provides a superior mobile trading experience and is available on both Android and iOS. The AvatradeGO app is not a trading platform, but more of a portal that allows traders to manage their Metatrader 4 platform from a mobile device or tablet. AvatradeGO is user-friendly and has a sophisticated dashboard and intuitive home screen that allows traders to view educational videos and contact customer support from the app.
It has excellent search functionality and allows traders to place orders, set price alerts, create watchlists, and view live prices and charts. Traders can choose from over 1, financial instruments, including Forex, commodities, avatrade ng, cryptocurrencies, and more.
Avatrade offers MT4 on a mobile trading platform. It is available for both Android and iOS, avatrade ng. Although there is slightly limited functionality compared to the desktop version of the platform, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders. AvaOptions is available on all mobile devices and has the same functionality as avatrade ng browser version.
It also offers the avatrade ng options strategies, but traders cannot set price alerts and notifications. Avatrade offers an excellent selection of trading tools and social trading platforms compared to its competitors. Trading Central is a third-party company that allows Avatrade to provide market insights and intelligence directly to its clients.
Avatrade Review - DON'T Signup Till You Watch This!
, time: 13:28Regulated online trading | Forex & CFD broker | AvaTrade
Access your account by logging in with your e-mail address and password. Check your balance, deposit or withdraw funds from your dashboard 12/12/ · AvaTrade is an internationally regulated beginner-friendly CFD broker offering trading on Forex, cryptocurrencies, commodities, indices, stocks, bonds, vanilla options, and AvaTrade provides Sharia-compliant trading conditions to clients of Muslim faith. It charges no fees or swap on trades that stay open overnight, a form of interest. Instead, it charges a commission that is set in advance and depends on the currency pair and trade size
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