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Avatrade review

AvaTrade Review

Updated : March 27, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

11,400 KES / $100

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

AvaTrade At a Glance

🏛 HeadquarteredDublin, Ireland
✅ Accepts Namibian Traders?Yes
🗓 Year Founded2006
📞 Namibian Office Contact NumberNone
🤳 Social Media Platforms• Twitter
• Instagram
• Facebook
• YouTube
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
🪪 License NumberIreland (C53877)
Australia (406684)
South Africa (45984)
British Virgin Islands (SIBA/L/13/1049)
Japan (JFSA 1662, FFAJ 1574)
Abu Dhabi (190018)
Cyprus (247/17)
Israel (514666577)
Poland (693023)
Canada (Friedberg Mercantile)
⚖️ BoN RegulationNo
🚫 Regional RestrictionsIran, Belgium, and the United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts1 (Retail and Professional Option)
📊 PAMM AccountsNo
🤝 Liquidity ProvidersCurrenex, and other bank and non-bank entities
💸 Affiliate ProgramYes
📲 Order ExecutionInstant
📊 Average spreadFrom 0.9 pips
📞 Margin Call50% on Retail, 25% on AvaOptions Accounts
🛑 Stop-Out10%
✅ Crypto trading offered?Yes
💰 Offers a NAD Account?No
👨‍💻 Dedicated Kenyan Account Manager?No
📊 Maximum Leverage1:30 (Retail)
1:400 (Pro)
🚫 Leverage Restrictions for Namibia?No
💰 Minimum Deposit (NAD)
1,500 Namibian Dollar or an equivalent to $100
✅ Namibian Dollar Deposits Allowed?No
📊 Active Namibian Trader Stats150,000+
👥 Active Namibian-based AvaTrade customersUnknown
💳 Namibia Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 trillion
💰 Bonus20% welcome bonus accordengly to regulation
💵 Deposit and Withdrawal Options• Wire Transfer
• Electronic Payment Gateways
• Credit Cards
• Debit Cards
🏦 Segregated Accounts with Namibian Banks?No
📊 Trading Platforms• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
✔️ Tradable Assets• Forex
• Stocks
• Commodities
• Cryptocurrencies
• Treasuries
• Bonds
• Indices
• Exchange-Traded • Funds (ETFs)
• Options
• Contracts for • Difference (CFDs)
• Precious Metals
💸 Offers USD/NAD currency pair?No
📈 USD/NAD Average SpreadN/A
📊 Average deposit/withdraw processing timeDepends on the method used. – CC and e-payments is immediate. Bank wire can take up to 7 business days depending on the banking institution
📉 Offers Namibian Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
📈 Account TypesReal Account, Demo Account, Islamic Account. Options Account
📈 Demo Account DescriptionFree Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation
📈 Related lot sizesStandard, Mini and Micro lots size
👥 Namibian-based customer support?No
👥 SponsorshipCurrently with Bolt
🚀Service descriptionfinancial instruments and multiple trading platforms, operating since 2006.
✅ Bonuses and Promotions for NamibiansYes
🔎 Banned countriesUS, North Korea, New Zealand, Iran, Belgium
✴️ Instruments offered800+
✴️ InstrumentsMetals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
✴️ Total offered per instrumentCFD – Agricultural =7
CFD – Crypto = 20
CFD – EFTs = 60
CFD – Energies = 5
CFD – Indices = 32
CFD – Metals = 7
CFD – Shares = 623
Forex = 55
GRAND Total = 809
📚 Education for Namibian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Namibian TraderMichael Amushelelo (Net Worth Unknown)
✅ Is AvaTrade a safe broker for Namibians?Yes
📊 Rating for AvaTrade Namibia9/10
🤝 Trust score for AvaTrade Namibia93%
👉 Open an account👉 Open Account

AvaTrade Overview

AvaTrade Review Overview

 

👉 AvaTrade Accepts Namibian Clients and has an average spread from 0.9 pips EUR/USD with no commission charges. AvaTrade has a maximum leverage ratio up to 1:30 on Retail Accounts and 1:400 on Pro Accounts, and there is a demo and Islamic account available.

 

👉 AvaTradeGO, MetaTrader 4, MetaTrader 5, and several other platforms are supported. AvaTrade is headquartered in Dublin, Ireland and is regulated by the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC

 

👉 AvaTrade is a forex and CFD broker that was established in 2006 and has grown to become one of the top trading firms in the world. AvaTrade now has 300,000 registered traders that execute over 3 million deals each month and have transacted over $1.47 trillion in value since its launch.

 

👉 AvaTrade is regulated in several regions around the world by prominent regulatory entities. AvaTrade is headquartered in Ireland, where the Central Bank of Ireland regulates the broker. AvaTrade is also a member of the Investor Compensation Company DAC, which reimburses qualifying customers up to EUR 20,000 in the unusual event of their broker’s bankruptcy.

 

👉 While AvaTrade is not directly regulated in Canada, it serves Canadian customers via its agreement with Friedberg Direct, which was subject to regulatory clearance.

 

👉 This AvaTrade review for Namibia will provide local retail traders with the details that they need to consider whether AvaTrade is suited to their unique trading objectives and needs.

 

AvaTrade Distribution of Traders

AvaTrade Distribution of Traders Namibia

 

👉 AvaTrade currently has the largest market share in these countries:

➡️️ South Africa – 11.64%

➡️️ Italy – 5.8%

➡️️ United Arab Emirates – 5.2%

➡️️ Australia – 4.7%

➡️️ United Kingdom – 4.05%

 

Popularity among traders who choose AvaTrade

🥇 AvaTrade does not have a big market share in Namibia, but the broker welcomes all traders regardless of their trading styles or objectives, ranking the broker in the Top 20 FX and CFD brokers for Namibian traders.

 

AvaTrade Regulation and Safety of Funds

Avatrade regulation Namibia

 

Regulation in Namibia

👉 AvaTrade does not currently have any regulations or authorization with the Bank of Namibia (BON), which is the official derivatives market regulator.

 

Global Regulations

👉 While AvaTrade is not regulated by the Bank of Namibia or any other local market regulatory authority, AvaTrade is well-regulated by these entities:

➡️️ AVA Trade EU, Limited is regulated by Ireland’s Central Bank (CBI) under license number C53877.

➡️️ Ava Trade Markets Limited is regulated by the Financial Services Commission of the British Virgin Islands (BVI FSC) under license number SIBA/L/13/1049.

➡️️ Ava Capital Markets Australia Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL number 406684.

➡️️ Ava Capital Markets Pty is licensed under FSP number 45984 by the Financial Sector Conduct Authority (FSCA). AvaTrade is now permitted to offer financial goods and services to Namibian traders under this rule.

➡️️ Ava Trade Japan K.K. is regulated and licensed by the Japan Financial Services Agency (license 1662) and the Japan Financial Futures Association (license 1574).

➡️️ Ava Trade Middle East Ltd is regulated by the Financial Regulatory Services Authority (FRSA) of Abu Dhabi Global Markets (ADGM) under license 190018.

➡️️ The Cyprus Securities and Exchange Commission (CySEC) regulates DT Direct Investment Hub Ltd. under license 347/17.

➡️️ AvaTrade operates under ATrade Ltd, a company based in Israel and well-regulated by the Israel Securities Authority (ISA) under 514666577.

➡️️ In Canada, AvaTrade operates under Friedberg Direct, a company that executes all transactions. AvaTrade is a prominent subsidiary of Friedberg Mercantile Group Ltd, a company well-regulated by the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian exchanges.

➡️️ In addition, AvaTrade also operates through AVA Trade EU Ltd. in Poland, regulated by the Polish Financial Supervision Authority (KNF).

 

Client Fund Security and Safety Features

👉 AvaTrade believes customer money security to be the core of the company’s beliefs, and no effort is spared in ensuring customer fund security and the integrity of all trading platforms. AvaTrade has the following unique safety features:

➡️️ The use of 256-bit SSL encryption that is employed over the whole website

➡️️ Embedded True-Site identity

➡️️ WebTrust compliance according to the American Institute of Certified Public Accountants

➡️️ MacAfee Secure (HackerSafe) that is employed to prevent any credit card fraud as well as identity theft

➡️️ AvaTrade keeps all client funds in segregated accounts, away from its own funds

➡️️ AvaTrade also provides AvaProtect, an innovative risk management tool that allows traders to protect themselves against losses while they trade, up to a maximum of $1,000,000.

 

AvaTrade Awards and Recognition

Avatrade Awards

 

👉 AvaTrade’s most recent awards are as follows:

➡️️ In 2021, AvaTrade was awarded with the ForexBrokers.com No.1 Innovation Award.

➡️️ In 2021, AvaTrade received the Top Brand Award from The CEO Reviews.

➡️️ In 2021, AvaTrade won “Best Forex Broker Ireland”, issued by The CEO Reviews.

➡️️ AvaTrade was recognized as the “Best Retail Broker UAE” by Global Business Review Magazine in 2021.

➡️️ AvaTrade won “Best Fixed Spread Broker” in 2021, issued by Compare Forex Broker.

➡️️ In 2021, AvaTrade landed the award for the “Best Mobile Trading Platform”, issued by INVESTINGOAL.

Overall Rating

Min Deposit

11,400 KES / $100

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

AvaTrade Account Types and Features

AvaTrade Review Account Types

 

👉 AvaTrade provides consumers traders in Namibia with a single basic account with many choices and the ability to upgrade to a professional account if they qualify as professionals. The kind of account that traders may open is governed by their jurisdiction and the country’s regulatory limits.

 

👉 Namibian traders may open one of the following retail investor accounts, which differ by location in which AvaTrade operates:

➡️ Europe (Ava Trade EU Ltd) – Retail, Professional, Options, and Spread Betting account.

➡️ Europe (DT Direct Investment Hub Ltd) – Retail, Professional, and Options account.

➡️ British Virgin Islands – Standard, Options

➡️ Australia – Standard, Options

➡️ South Africa and Namibia – Standard, Options

➡️ Japan – Retail, Options

➡️ Abu Dhabi – Retail, Professional, Options

➡️ Israel – Standard, Options

 

AvaTrade Live Trading Accounts

Retail Investor Account

AvaTrade Review Retail Investor Account

 

👉 AvaTrade’s Standard Retail Account is suited for most Namibian traders and intermediate investors seeking exposure to global markets. This account is noteworthy for the following reasons:

Account FeaturesValue
💰 Minimum Deposit Requirement1,500 Namibian Dollars or an equivalent to 100 units in ZAR, USD, GBP, or AUD
💵 Base Account Currency OptionsZAR, USD, GBP, or AUD
📈 Maximum Leverage1:400 on forex majors
📊 Range of Markets offeredMore than 1,250 tradable instruments
💰 Trading Platforms• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
💸 Commissions on tradesNone
📊 Average spreadsFrom 0.9 pips EUR/USD
💵 Margin RequirementsFrom 0.25% when using leverage of 1:400
📞 Customer Support ChannelsSocial Platforms, Email Request, Telephone, WhatsApp, Live Chat
📚 Educational Materials offeredTrading Videos, Trading For Beginners, Trading Rules, Technical Analysis Indicators and Strategies, Economic Indicators, Market Terms, Order Types, Blog, Online Trading Strategies
🔨 Trading tools offeredAvaProtect, Trading Central, CFD Rollover, Economic Calendar, Trading Calculator, Earnings Releases, Analysis
✔️ Trading Strategies AllowedAll – scalping, swing trading, momentum trading, expert advisors, algorithmic trading, auto trading, etc.

 

Professional Account

Avatrade Review Professional Account

 

👉 The primary distinction between Retail and Professional Accounts is the increased leverage available to Professional Accounts. Under European Securities and Markets Authority (ESMA) legislation, the maximum leverage permitted on Retail Accounts is 30:1.

 

👉 On Forex products, the Professional Account provides leverage of up to 400:1. To be eligible, you must have significant expertise in the financial field, sufficient trading activity in the preceding 12 months, and a financial portfolio worth at least €500,000. Another significant distinction is that spreads on Retail Accounts are greater than on Professional Accounts.

 

Options Trading

AvaTrade Review Options Trading

 

👉 Namibia options traders may use AvaTrade to purchase or sell a specified amount of an asset at an agreed-upon price and time. This is known as options trading.

 

👉 When retail traders in Namibia sell options, they have complete control over the product and the amount invested. Additionally, Namibian traders also have the option of establishing their own price structure and trading hours.

 

👉 Depending on the trader’s trading technique and objectives, a single trading day, a week, a month, or even a year may be spent trading options. AvaTrade allows you to trade both Call and Put options.

 

👉 Call options let the buyer acquire an instrument at a predetermined price. These options are traded by investors who feel the market is headed in the right way.

 

AvaTrade Base Account Currencies

👉 When Namibian traders register an account with AvaTrade, they can choose between these base currencies:

➡️ ZAR

➡️ USD

➡️ GBP

➡️ AUD

 

AvaTrade Demo Account

AvaTrade Review Demo Account

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and AvaTrade offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 There is a free Demo account available to practice trading and familiarize yourself with the AvaTrade platform. The sole disadvantage of the AvaTrade Demo platform is that, unlike several rivals’ demonstrations, it expires after 30 days.

 

AvaTrade Islamic Account

AvaTrade Review Islamic Account

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 The Islamic account adheres to all aspects of Sharia law and is intended for Muslims whose religion bans interest charging. Although it is a Standard Account, it does not accrue or deduct swap fees or interest.

 

👉 It is permissible to engage in the following financial activities while adhering to Islamic law:

➡️ Halal Gold and Silver Trading

➡️ Halal Oil Trading

➡️ Halal Indices Trading

➡️ Islamic Forex Trading

How to register an account with AvaTrade in Namibia

👉 Signing up with AvaTrade is a straightforward process. Namibian traders can sign up by visiting the website and choosing the proper option. They must complete an online form, verify their email address, and provide supporting documentation before their account may be authenticated.

 

👉 Traders may fund their trading accounts and begin trading instantly with only a few mouse clicks. Additionally, traders may rely on AvaTrade’s competent customer support.

 

👉  Step 1 – Visit the official website of Avatrade.

 

Locate to the official AvaTrade website where you will see a “register now” and “demo account” option.

How to open an Avatrade Account step 1

 

👉 Step 2 – Click on the Register now / SIGN UP button.

 

Click on your desired choice from the 2 options offered by AvaTrade.

How to open an Avatrade Account step 2

 

👉 Step 3 – Fill in all your personal details.

 

Complete the form by filling in all your required details for opening an account.

How to open an Avatrade Account step 3

 

👉 Step 4 – Click the “Complete Registration” button.

 

Once you are finished filling in all your details you can click on the complete registration button.

How to open an Avatrade Account step 4

 

👉 Step 5 – Verify your account.

 

Visit your email inbox and click on “Verify My Account”.

How to open an Avatrade Account step 5

 

👉 Step 6 – Sign In to your dashboard.

 

Sign in to your dashboard with your username and password.How to open an Avatrade Account step 6

 

👉 Step 7 – Complete KYC documents.

 

A Trader must complete all KYC documents to be fully vetted.

How to open an Avatrade Account step 7

 

👉 Step 8 – Deposit money into your trading account.

 

Before you can start trading you first have to deposit money into your account.

How to open an Avatrade Account step 8

 

🔥 Finally, you can start trading.

AvaTrade Vs JustForex Vs XM – Broker Comparison

AvaTradeJustForexXM
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISAFSAFSCA, IFSC, ASIC/AFSL, CySEC, DFSA
📱 Trading Platform• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• MetaTrader 5
• MetaTrader 4
• ZuluTrade
• JustForex App
• MetaTrader 4
• MetaTrader 5
💰 Withdrawal FeeNoNoneNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit1,500 NAD13 NAD74 NAD
📈 Leverage1:30 (Retail)
1:400 (Pro)
Up to 1:30001:888
📊 SpreadFixed, from 0.9 pipsFrom 0.0 pips0.0 pips
💰 CommissionsNone3 base currency units per lot/side$1 to $9
✴️ Margin Call/Stop-Out25%/10%40%/20%50%/20%, 100%/50% (EU)
✴️ Order ExecutionInstantMarketMarket, Instant
💳 No-Deposit BonusNoYesNo
📊 Cent AccountsNoYesNo
📈 Account Types• Standard Live Account
• Professional Account Option
• MetaTrader 4 Standard Cent Account
• MetaTrader 4 Standard Account
• MetaTrader 4 Pro Account
• MetaTrader 4 Raw Spread Account
• MetaTrader 5 Standard Account
• MetaTrader 5 Pro Account
• MetaTrader 5 Raw Spread Account
• Micro Account
• Standard Account
• XM Ultra-Low Account
• Shares Account
⚖️ BoN RegulationNoNoNo
💳 NAD DepositsNoYesYes
📊 Namibian Dollar AccountNoNoNo
👥 Customer Service Hours24/524/524/5
📊 Retail Investor Accounts174
☪️ Islamic AccountYesYesYes

Overall Rating

Min Deposit

11,400 KES / $100

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

AvaTrade Trading Platforms

Avatrade trading platforms

 

👉 AvaTrade offers Namibian traders a choice between these trading platforms:

➡️️ AvaTradeGO

➡️️ AvaOptions

➡️️ AvaSocial

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ DupliTrade

➡️️ ZuluTrade

 

Desktop Platforms

AvaTrade Review Desktop Platform

 

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ ZuluTrade (through MT4)

 

MetaTrader 4

👉 Since 2002, MetaTrader 4 (MT4) has become the industry standard for online trading across all marketplaces. It is both simple to use for newbies and comprehensive enough for seasoned market professionals to get the most out of it.

 

MetaTrader 5

👉 MetaTrader 5 MT5’s features include automated trading algorithms, technical analysis, and the ability to replicate deals. It has a plethora of essential features as well as novel tools, and it operates well.

 

ZuluTrade (through MT4)

👉 ZuluTrade’s auto-trading program integrates with AvaTrade and MetaTrader 4 via an API. ZuluTrade’s trading platform is simple to use despite the skill level or experience of the trader using the terminal.

 

WebTrader Platforms

AvaTrade Review Web Trader

 

➡️️ AvaTrade

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ DupliTrade

 

AvaTrade

👉 The AvaTrade WebTrader is an ideal tool for anyone interested in trading but without the time or motivation to do extensive market research. It does not need installation and may be accessed through any browser on any machine.

 

MetaTrader 4

👉 MetaTrader 4 allows users to create, modify, and execute automated trading systems. Each component of the software is required for automated or algorithmic trading. This is a comprehensive package that is included in the MQL4 integrated development environment (IDE).

 

MetaTrader 5

👉 MQL5, a more complicated version of the MQL5 standard, is supported in MetaTrader 5 for the creation of financial applications. MT5 has all the tools an experienced trader needs to thrive in today’s volatile markets. However, the same design facilitates the transition from MetaTrader 4 to the trading platform.

 

DupliTrade

👉 Namibian traders may automate the replication of experienced traders’ trading tactics right into their AvaTrade trading accounts when they utilize DupliTrade. When traders join up with DupliTrade, they have access to a broad library of expert traders’ proven trading strategies.

 

Trading App

AvaTrade Review Trading App

 

➡️️ AvaTradeGO

➡️️ AvaOptions

➡️️ MetaTrader 4 and 5

➡️️ AvaSocial

 

AvaTradeGO

👉 Investing has never been easier than it is with AvaTradeGO, a mobile application that guides Namibians through the process of trading, offering feedback on their overall success, and assisting traders whenever they want help.

 

AvaOptions

👉 The AvaOptions trading app provides Namibian traders with access to over 40 currency pairs, as well as a mix of call and put options. All these features are merged into a single account, enabling Namibian traders to develop an ideal portfolio.

 

👉 Namibian traders have total control over their portfolios with AvaOptions, allowing them to manage risk and match their trading approach with the market.

 

MetaTrader 4 and 5

👉 Namibian traders may use their retail or professional AvaTrade account credentials to manage multiple MT4 accounts and swap between demo, legal, and competitive spreads accounts. MetaTrader 4 and 5 trading platforms offered by AvaTrade are compatible with both Android and iOS mobile devices.

 

👉 This allows traders to access an infinite number of markets and trading possibilities directly from their fingertips.

 

AvaSocial

👉 When new traders utilize AvaSocial’s trading app, they can gain instant access to the markets. Traders can swiftly pick up skills from more experienced traders who are willing to share their knowledge, reducing the total learning curve.

 

👉 Subsequently, Namibian social traders can benefit because having a clear perspective of the market without the need for ongoing study can save them a significant portion of time.

AvaTrade Range of Markets

AvaTrade Review Range of Markets

 

👉 Namibian traders can expect the following range of markets from AvaTrade:

➡️️ Forex

➡️️ Stocks

➡️️ Commodities

➡️️ Cryptocurrencies

➡️️ Treasuries

➡️️ Bonds

➡️️ Indices

➡️️ Exchange-Traded Funds (ETFs)

➡️️ Options

➡️️ Contracts for Difference (CFDs)

➡️️ Precious Metals

 

Broker Comparison for Range of Markets

AvaTradeJustForexXM
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoNo
➡️️​ OptionsYesNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsYesNoYes

Overall Rating

Min Deposit

11,400 KES / $100

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

AvaTrade Trading and Non-Trading Fees

AvaTrade Review Trading Fees

 

Spreads

👉 AvaTrade charges fixed spreads which have mark-up added to cover the broker’s fee for facilitating the trade. AvaTrade provides a market for its clients in addition to being the sole execution venue for all orders.

 

👉 AvaTrade connects clients to the interbank market and the broker acquires large positions from a range of liquidity providers, selling these to clients. Some of the typical spreads that Namibian traders can expect include:

➡️️​ EUR/USD – 0.9 pips

➡️️​ Stocks – 0.13%

➡️️​ Crude Oil – 0.029 pips

➡️️​ FXOptions – 0.9 pips

➡️️​ Cryptocurrency – From 0.02 pips on BTC/USD

➡️️​ Indices – From 0.03 pips

➡️️​ ETFs – 0.13%

➡️️​ Bonds – From 0.03 pips Over Market

 

Commissions

👉 AvaTrade imposes a premium on its fixed spreads, which means Namibian traders are not charged a commission on their transactions.

 

Overnight Fees, Rollovers, or Swaps

AvaTrade Review Rollovers

 

👉 Overnight fees are charged or credited according to the position that Namibian traders hold, whether long or short, the position size, the financial instrument being traded, and overall market conditions.

 

👉 AvaTrade calculates overnight fees by considering the position size, multiplied by the daily overnight interest rate. Namibian traders can consult the AvaTrade website to see an in-depth schedule of all financial instruments that are subject to overnight fees.

 

👉 Some typical fees that can be expected are as follows:

➡️️​ EUR/USD – a short swap of -0.0015% and a long swap of -0.0060%

➡️️​ Stocks (Apple) – a short swap of -0.0165% and a long swap of -0.0168%

➡️️​ Gold – a short swap of -0.0082% and a long swap of -0.0085%

➡️️​ Silver – a short swap of -0.0082% and a long swap of -0.0085%

➡️️​ FXOptions (EUR/USD) – a short swap of -0.0015% and a long swap of -0.0060%

➡️️​ Indices – a short swap of -0.0082% and a long swap of -0.0085%

➡️️​ Cryptocurrency (BTC/USD) – a short swap of -0.0333% and a long swap of -0.0610%

➡️️​ ETFs – a short swap of -0.0165% and a long swap of -0.0168%

 

Deposit and Withdrawal Fees

👉 No fees are levied when Namibian traders deposit or withdraw money from their trading accounts.

 

Inactivity Fees

👉 After three consecutive months of inactivity, AvaTrade charges a $50 inactivity fee. This amount is deducted monthly from the account until the trade balance reaches zero.

 

👉 However, if the trading account stays dormant for 12 consecutive months, a $100 administrative charge will be levied.

 

Currency Conversion Fees

👉 Additionally, currency conversion fees may apply if Namibian traders deposit funds in BWP and those funds are converted to one of the permitted base account currencies.

AvaTrade Deposits and Withdrawals

AvaTrade Review Deposits And Withdrawals

 

Payment Methods

MethodCountryBGCurrencyTimeComments
CC (MasterCard/Visa)
(Deposit/WD)
GlobalALLALLInstant
Bank Wire (Deposit/WD)GlobalALLALLUp to 5 days
PayPal (Deposit/WD)Austria, Belgium, Cyprus,
Czech Republic, Denmark,
Finland, France, Germany,
Greece, Hungary, Ireland,
Italy, Latvia, Lithuania,
Luxembourg, Malta,
Netherlands, Poland,
Portugal, Slovakia, Slovenia,
Spain, Sweden, UK
CapitalEUR, USD,GBP,
PLN
Instant
Skrill (Deposit/WD)GlobalALLALLInstant
Neteller (Deposit/WD)GlobalALLALLInstant
P24Poland and GermanyCapitalUSD, PLNUp to 15 min
Klarna/SofortAustria ,Belgium, Czech
Republic, France, Germany,
Hungary, Italy, Netherlands,
Poland, Eslovakia, Spain,
Switzerland, UK
CapitalEUR, USDUp to 15 min
Rapid TransferAustria, Belgium, Bulgaria,
Denmark, Estonia, Finland,
France, Germany, Greece,
Hungary, Italy, Latvia,
Netherlands, Norway,
Poland, Portugal, Spain,
Sweden, UK
CapitalEUR, USD, GBPUp to 15 min
IdealNetherlandsCapitalEURUp to 15 min
PoliAustraliaBVI + AVA
AU
AUD, USDUp to 15 min
BoletoBrazilBVI + AVA
AU
USD, EURUp to 7 daysPSP process the
transaction in clients local
currency
Perfect M (Deposit/WD)Argentina, Bangladesh,
Benin, Bolivia, Brazil, Burkina
faso, Cameroon, Chile,
Colombia, Costa Rica, Cote
d'ivoire, Dominican
Republic, Ecuador, Egypt, El
salvador, Gabon, Ghana,
Guinea-Bissau, Honduras,
India, Iran, Iraq, Mali,
Mexico, Niger, Nigeria,
Oman, Pakistan, Palestinian
Territory, Panama, Paraguay,
Peru, Russian, Saudi Arabia,
Senegal, Togo, Turkey,
Uruguay, Venezuela, Viet
nam, Yemen
BVI + AVA
AU
USDInstant
Giropay
(Sofortüberweisung)
GermanyCapitalEUR, USDUp to 5 min
Multibanco-PortugalPortugalCapitalEURUp to 15 min
NetbankingUPI – IndiaIndiaBVIUSDUp to 15 minPSP process the
transaction in clients local
OnlineBankLatamBrazil, Mexico, Chile, Peru,
Colombia, Costa Rica
BVIUSDUp to 15 minPSP process the
transaction in clients local
currency
QrpaySouth AfricaBVIUSD, ZARUp to 15 minPSP process the
transaction in clients local
currency + USD
OzowSouth AfricaBVIUSD, ZARUp to 5 daysPSP process the
transaction in clients local
currency + USD
UPIIndiaBVIUSDUp to 15 minPSP process the
transaction in clients local
currency
M-PESAKenyaBVIUSDUp to 15 minPSP process the
transaction in clients local
currency
PayRetailersBrazil, Mexico, Chile, Peru,
Colombia, Costa Rica
BVIUSDUp to 15 minPSP process the
transaction in clients local
currency + USD

 

How to Deposit Funds with AvaTrade

👉 Before depositing with AvaTrade, customers must first log into the trading platform, site, or account. Following that, traders can choose their preferred deposit method by clicking on the ‘Deposit’ option.

👉 Before finalizing the deposit, Namibian traders should double-check that they have selected the right trading account from the drop-down menu.

👉 Step 1 – Click on “Deposit”

➡️ Click on the Deposit button at the top of your screen. 

AvaTrade Review Step 1

👉 Step 2 – Click on “Deposit”

➡️ Select your deposit option, then select your payment option and transfer the funds into your AvaTrade account.

AvaTrade Review Step 2

AvaTrade Fund Withdrawal Process

👉 Before deposited money can be removed from an AvaTrade trading account, Namibian traders must ensure that they have fully verified the trading account. AvaTrade offers instant withdrawals during business hours and days that may be accomplished in as little as two business days.

👉 Namibian traders can access fund withdrawals by logging into their trading accounts using their email addresses and password. After successfully logging into the trading platform’s withdrawal section, Namibian traders can request an online withdrawal.

👉 Once the withdrawal request has been received by AvaTrade’s financial department, the request will be processed within 24 hours. The processing time of the withdrawal will depend on the payment method that Namibians have chosen, with the minimum being 24 hours and a maximum of up to 10 days.

👉 To comply with anti-money laundering regulations, Namibian traders who are requesting a withdrawal must utilize the same method they used to deposit funds.

👉 Step 1 – Click On The Hamburger Menu

➡️ Click on the hamburger menu in the left top corner. 

AvaTrade Review Withdrawal Step 1

👉 Step 2 – Click On Withdraw

➡️ Click on “Withdraw”. If you have funds in your account, you can withdraw it here. 

AvaTrade Review Withdraw Step 2

AvaTrade Education and Research

AvaTrade Review Education And Research

 

Education

👉 AvaTrade offers the following Educational Materials:

➡️ Educational Videos

➡️ Trading guides

➡️ Trading Rules

➡️ Market Terms

➡️ Order Types

➡️ Trading Strategies

➡️ Trading Ideas

➡️ Trader’s Blog

➡️ A demo account with virtual funds

➡️ Educational Articles

 

👉 AvaTrade offers Namibian traders the following Research and Trading Tools:

➡️ Technical Analysis Indicators

➡️ Economic Indicators

➡️ Economic calendar

➡️ Trading Strategies

➡️ AvaProtect Risk Management

➡️ Trading Central

➡️ Trading Calculators

➡️ Earnings Releases

➡️ Fundamental Analysis

➡️ Technical Analysis

AvaTrade Bonuses and Promotions

AvaTrade Review Bonuses And Promotions

 

👉 AvaTrade offers Namibian traders the following bonuses and promotions:

➡️ New Accounts Pack – Namibian traders who open their first trading account and deposit at least $200 (2,400 BWP) will be eligible for a $40 sign-up bonus. The maximum deposit that traders may make before contacting their account manager is $10,000 (121,000 BWP), which includes a $2,000 (24,000 BWP) sign-up bonus.

➡️ Namibian traders can earn between $50 and $250 when a referral opens a live account and deposits between $500 and $20,000 or more. The first investment made on a trader’s recommendation establishes their earning potential.

How to open an Affiliate Account with AvaTrade

AvaTrade Review Affiliate Programs

 

👉 Namibian merchants may register an Affiliate Account by following these steps:

➡️ Go to the AvaTrade website and click on the “Partners” button on the homepage’s main menu.

➡️ Click “Become a Partner” and specify whether the Affiliate Account is being registered by an individual or a business.

➡️ Next, follow the website’s instructions for completing the four-step registration and application process.

 

AvaTrade Affiliate Program Features

👉 More than 150 countries are currently represented in AvaTrade’s worldwide network of more than 70,000 partners. Among the perks of the AvaTrade affiliate program are the following:

➡️ Commissions paid to date total $250,000,000.

➡️ A safe and transparent trading environment for all partners and referrals

➡️ Deals that can be customized according to the affiliate’s unique offering

➡️ Commission structures that may be adjusted as needed

➡️ Robust marketing campaigns

➡️ Reliable and frequent pay-outs

➡️ Innovative trading software and technology

➡️ Multilingual trading platforms that are available across devices

AvaTrade Customer Support

👉 AvaTrade offers excellent customer support, especially when compared to the support received from other brokers. The live chat agents for AvaTrade are both prompt, polite, and helpful, providing relevant information regarding queries.

☎️ Telephone/WhatApphttps://www.avatrade.com/about-avatrade/contact-us
🗺️ Website URLhttps://www.avatrade.com/
👛 Emailcs@avatrade.com
📙 FAQ’swww.avatrade.com/?s=FAQ
🎓 Customer Servicehttps://www.avatrade.com/about-avatrade/contact-us
📍 GDPR compliant T&Cshttps://www.avatrade.com/about-avatrade/legal-documentation

 

AvaTrade Corporate Social Responsibility

👉 Currently, there is no information on AvaTrade’s corporate social responsibility policies.

Verdict on AvaTrade

👉 AvaTrade offers minimal trading costs, a diverse selection of trading products, and a variety of trading platforms. AvaTrade provides some of the industry’s top trading tools, as well as an extensive library of instructional and market analytical products.

 

👉 Additionally, AvaTrade provides customers with access to third-party platforms for copy and social trading through AvaSocial, ZuluTrade, DupliTrade, and MQL5 Signals, all of which provide a range of features and comprehensive solutions.

Overall Rating

Min Deposit

11,400 KES / $100

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

AvaTrade Pros and Cons

✔️ Pros❌ Cons
AvaTrade is well-regulated by several Tier-1, Tier-2, and Tier-3 regulators around the worldThere are high administrative fees on inactive accounts
There are several powerful trading platforms offered, including proprietary trading softwareThe spreads offered are marked-up and not the tightest
There are many social trading opportunities and supportThe demo account expires after 30 days
AvaTrade welcomes all traders despite their trading experience or stylesNamibian traders cannot deposit in NAD and there are no local deposit or withdrawal methods offered
There is a wealth of educational material and resourcesThere is no NAD-denominated trading account and there is only one standard live account
Advanced traders are given access to a selection of advanced tools and options
There are no commission fees charged on any trades as the broker fee is included in the spread
Traders have access to a large selection of tradable financial instruments

Frequently Asked Questions

 

Is AvaTrade Regulated?

AvaTrade is deemed safe in general since it is regulated by various agencies worldwide, including the top-tier Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), and the South African Financial Services Commission (FSCA), among others.

 

What is the minimum deposit for AvaTrade?

AvaTrade charges a minimum deposit of $100, equivalent to 1,500 Namibian Dollars at the current exchange rate. This minimum deposit must be paid via the accepted payment methods on the AvaTrade website to start trading.

 

Does AvaTrade offer commission-free trades to Namibians?

Yes, AvaTrade is a market maker broker that charges fixed spreads that already have the broker fee calculated, meaning that all trades are commission-free.

 

How can I fund my AvaTrade account?

You can fund your AvaTrade account using any of the reliable payment methods that are supported by AvaTrade including credit and debit cards, wire transfers, and electronic payment gateways.

 

How much does it cost to trade with AvaTrade in Namibia?

To begin trading with AvaTrade, you must pay the minimum deposit of 1,500 NAD. The spreads that you can expect to pay on popular major forex pairs such as EUR/USD is 0.9 pips. Other fees you must consider include currency conversion fees and inactivity fees.

 

Does AvaTrade offer Nasdaq 100?

Yes, AvaTrade provides access to Nasdaq 100 to Namibian traders.

 

How long does it take to withdraw funds from AvaTrade?

Withdrawals with AvaTrade take between 24 hours up to 10 days depending on the withdrawal method that you use.

 

Does AvaTrade offer Volatility 75?

No, AvaTrade does not offer VIX currently. However, Namibian traders can diversify their portfolio with other indexes such as US30, DAX30, and several others.

 

What is the overall rating for AvaTrade?

We give AvaTrade an overall rating of 9/10 based on the regulatory status of the broker, its competitive trading conditions, enormous range of more than 1,250 markets, and a suite of trading platforms that connect Namibian traders to global financial markets.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with AvaTrade?

➡️ What was the determining factor in your decision to engage with AvaTrade?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with AvaTrade such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.1/10 - (17 votes)