AvaTrade minimum deposit: A guide on how to deposit money

When looking for a Forex trading account for deposits, AvaTrade is one of the best for that. It is based in Dublin, Ireland, and offers stocks, commodities, cryptos, and stock market indices. Therefore, we can assuredly say that AvaTrade is not just another Forex broker. 

It has pioneered online trading since 2006 and is a regulated broker, which makes it one of the most secure brokers in the trading industry. In addition, it has expertise in Forex trading and also CFD trading. A CFD trading is nothing but a financial contract. 

It is a form of contract that pays the differences in the settlement prices. Such a settlement happens between open and closing trades. Moreover, CFD trading allows the investor to trade the direction of securities. However, it takes place over the very short term.

There may not be any other broker matching the service profile AvaTrade offers you. As a result, AvaTrade can claim to be one of the first Forex trading platforms made available for retail traders. Moreover, the traders can effectively use web-based trading with platforms like MetaTrader 4 and MetaTrader 5, along with Webtrader, AvaOptions, AvaTrade Go, etc.

In this guide, we will tell you exactly how to deposit on AvaTrade:

• The minimum deposit is just $ 100 with AvaTrade

(Risk warning: 71% of retail CFD accounts lose money)

What are the minimum deposit methods for AvaTrade?

The minimum deposits for any trading account, Forex stocks or others, is the first step in beginning the trade. A simple explanation is that the minimum deposits are nothing but a condition put forward by the brokers such as AvaTrade in the forex markets. 

Such a condition allows users to deposit money into their account and start trading with a real money account. The minimum deposit also helps the users verify the broker’s assurance. In the case of AvaTrade, it is a condition that does not impose any injustice on its customers, unlike other forex brokers.

In most cases, the minimum deposit serves one major purpose. It helps activate the account in the first instance. But it may not be necessary that the minimum deposit is acceptable on older accounts. Many brokers do not allow that.

When discussing AvaTrade, we can see that it offers various deposit methods. Those may differ from region to region. However, the trader should consider that their current regulatory status may demand verification documents, such as proof of address and identity. 

But, a new trader can take a breath of relief, for they offer a demo account at first. Various brokers offer demo accounts, both in Forex and other trading methods. Therefore, AvaTrade is also not behind them in providing so. While using a demo account, a trader can trade freely without any ID proof or payment details.

They can practice trading and test AvaTrade’s platforms and services. It can be effectively put into use to test out the trading strategies. Finally, when the trader is ready to uplift the forex game, they can easily upgrade to a real AvaTrade account and continue Forex trading. 

Now let us see the types of deposit methods AvaTrade offers before going into the minimum deposit amounts.

(Risk warning: 71% of retail CFD accounts lose money)

AvaTrade offers the following deposit methods through its platforms:

Deposits through credit cards and debit cards

Using a credit card to deposit in your forex trading account can instantly credit the amount. But, if there is any delay in the crediting process, the trader can freely contact the customer service at AvaTrade. The representatives shall attend to and resolve the issue without causing any delay in your trading. But, for a new trader, it is noteworthy to know that the first-time deposit through a credit card is bound to take up to one whole business day to credit the funds. It is a part of the security verification. Hence it should not be misunderstood as a technical glitch.

Deposits through e-payment systems

Any trader cannot ignore the growing use of E-Payment methods. That is why AvaTrade offers to deposit the minimum amount through this method. The systems that AvaTrade offers its customers under its E-payment methods include popular ones like Neteller, Skrill (Moneybookers), Webmoney, and others. A trader’s main benefit from this type of deposit is that these options are quicker than all others. The funds can be easily expected to be credited to the account within a matter of 24 hours or sometimes even less.

Deposits through wire transfer

As mentioned before, a wire transfer is nothing more than an online check. It is a means to transfer funds without the involvement of cash. The traders can settle the deposits electronically with the facilitation between domestic and international banking accounts. Since it is an option available to many forex traders across various brokers, AvaTrade also offers it. 

Compared to the previous methods, the drawback is that if you deposit the funds through this method, it can take up to 7 business days. But, it depends on the Banking institution and the country as well. However, the trader can fasten the process by sending a copy of the swift code or the transfer receipt to AvaTrade to track the deposit.  

How much is the AvaTrade minimum deposit?

AvaTrade Rating	4.7
Minimum Deposit	$100
Regulators	ASIC, FSA
Trading Desk	MetaTrader 4, MT5
Crypto Availability	Yes
Total Currency Pairs	60
Islamic Account	Yes
Account Activation Time	24 Hours

(Risk warning: 71% of retail CFD accounts lose money)

Now when it comes to the minimum deposits that a trader can make with AvaTrade, it depends on two factors mainly:

• The base currency of your account
• The method of making the deposit

We know that Forex trading functions on the concept of currency pairs. It is where the need to get an idea of base currency comes. The base currency is nothing but the transaction currency. It is called so because it is the first currency that appears in a currency pair. The latter is called the quote currency or, in other words, counter currency.

When the exchange rate is given in forex trading, the currency pair shows how much-quoted currency it needs to buy one unit of the base currency. For example, EUR/USD = 1.55 means that 1 is equal to $1.55. In simple terms, it suggests that to buy 1 EUR, the buyer has to pay $1.55.

Understanding base currency clears the path to knowing minimum deposits since they are mentioned in currency pairs.

If you are a trader following the Credit Card method to deposit, then the following are the minimum amount for various base currencies:

Base Currency	Country Of Client Account	Minimum Deposit
USD	The United States Only	$100
EUR	Germany/Austria/Ireland	€100
GBP	England/Scotland/Wales	£100
AUD	Australia Only	$100

Whereas, for a trader choosing to deposit funds through Wire Transfer, the minimum deposit amounts go as follows:

Base Currency	Country Of Client Account	Minimum Deposit
USD	The United States Only	$100
EUR	Germany/Austria/Ireland	€100
GBP	England/Scotland/Wales	£100
AUD	Australia Only	$100

Therefore, we can see that where many Forex Brokers may offer a minimum amount of up to $250, AvaTrade begins at $100.

(Risk warning: 71% of retail CFD accounts lose money)

How to deposit in AvaTrade -Tutorial

We have seen that AvaTrade offers minimum deposits for various currency pairs. Moreover, they are fairly reasonable, starting from $100, compared to other brokers. But, AvaTrade is ahead of them in offering a simple deposit process. The process of depositing the minimum amount in the AvaTrade account goes with the following steps:

• Find Deposit Option– After opening your real AvaTrade account, you need to locate the deposit icon. In the profile, it shows just below personal details.
• Fund Account Option– After clicking the deposit icon, you can see the account details simultaneously. The next step is to open the fund account option. After that, you need to select the preferred payment methods.
• Enter Amount– Before that, you need to select the specific trading account you desire to deposit the fund into. The trader can do it through the drop-down menu. The next move is to fill the payment details carefully in the proforma that opens consequently, and you need to also fill in the amount to be deposited.
• Deposit Amount– Finally, the green button showing the deposit can be seen. After clicking the button, your minimum deposit process gets completed. 

Is it possible to cancel a deposit with AvaTrade?

It is possible that many times, a trader commits a mistake while depositing the funds. That is why AvaTrade offers the option to cancel the deposit. It helps prevent a false trade, and the trader can correct the deposit later to trade according to her wish. The cancelation process does not involve many steps, and simply an email can do the job. 

Once you email AvaTrade customer support with a request to cancel the deposit, AvaTrade shall cancel it within 24 hours. But, it is subject to a condition that you must not have traded with those funds. Moreover, this cancellation process is valid only for business days. Since Saturdays and Sundays do not fall under it, a cancellation request on such days will be proceeded further with on the next business day only.

(Risk warning: 71% of retail CFD accounts lose money)

How to deposit fund in forex accounts?

As we already discussed, the process of depositing a minimum amount is essential to trade in Forex. So, we must understand how it funds the Forex account you are trading in.

Let us first form a basic idea of how forex trading works. In Forex trading, the investors begin by borrowing money from their brokers. Then, they do that with the help of margin accounts. However, it is also possible to allow original accounts to trade equities. But, the difference arises between trading in equities and trading in currencies on margin due to the degree of leverage. 

The term leverage in Forex signifies nothing but what results from using borrowed capital as a source for funding. The reason for borrowing the capital could vary, so it could be when investing, particularly to expand the firm’s asset base. It can also be for generating returns on risk capital.  

Without going deep into the meaning of leverage, we can say that it is an investment strategy of using borrowed money. Investors use it specifically to increase the potential return of an investment.

Now, brokers usually offer a 2:1 leverage to investors for securities like equities. But, on the other hand, forex traders are offered between 50:1 and 200:1 leverage. It simply means that traders need to deposit between $250 and $2,000 to trade positions of $50,000 to $100,000. And that is the way Forex trading works. But to understand how the deposits play a role in funding the trades, we must dig deeper.

It is a fact that forex traders get several options while deciding how they hope to deposit the funds into trading accounts. One of the easiest ways is the deposit by credit card. Since the development of various services for online payment, we can safely say that it has grown immensely popular. Now, digital credit card payouts have become more efficient and secure also. Its ease of use can be seen in that Forex traders only need to fill in their card information to receive the funds for the particular business day. 

Another way to transfer funds or deposits is through wire transfer. In such transfers, the transactions are settled electronically and do not involve actual cash. A wire transfer requirement is simple; firstly, it involves a sending and receiving institution. Then, it needs information from the party initiating the transfer, such as the receiver’s name and account number. 

So, we can infer that the investors can deposit funds into their trading accounts from a current bank account or send them through a wire transfer or online check. However, a word of caution shall not be ignored while choosing to go with a wire transfer. Most banks will charge about $30 per wire, so the funding should be carefully made. It is also possible that a delay of 2-3 days before the amount shows in the forex trading account happens.

Conclusion:

AvaTrade is undoubtedly a regulated broker with international standards. Therefore, we can conclude that it is the right choice for any Forex trader to begin with trading. The main reason is that the minimum deposit through AvaTrade is a fairly simple process for a new Forex trader. 

It is also evident that the minimum fees are reasonable with this Forex broker, which starts at a price lower than many other brokers. Therefore, we can say that depositing money in an AvaTrade account can mark the first step in a trader’s Forex trading journey.

(Risk warning: 71% of retail CFD accounts lose money)

FAQ – The most asked questions about AvaTrade minimum deposit :

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Last Updated on January 27, 2023 by Arkady Müller