AvaTrade Account Types

AvaTrade Account Types

AvaTrade offers just one kind of retail trading account, which can be upgraded to a Professional Account, if traders meet the criteria, or converted to an Islamic Trading Account. The Standard Retail account provides traders with access to global financial markets, over 1,250 financial products, and some of the industry’s most advantageous features and benefits.

AvaTrade Account Features

AvaTrade gives its Nigerian retail traders just one basic account, with many alternatives and the ability to register for a professional account for those who qualify as professionals. The kind of account that traders may open is determined by their jurisdiction and the regulatory restrictions in that area.

Nigerian traders have the following retail investor account choices, depending on the 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 Nigeria – Standard, Options

Japan – Retail, Options

Abu Dhabi – Retail, Professional, Options

Israel – Standard, Options

Standard Account

Most novice and intermediate traders may benefit from AvaTrade’s Standard Retail Account, which includes the following features:

Leverage on major forex currencies may reach a maximum of 1:400.

More than 1,250 financial products to choose from. •

There are a variety of trading platforms to pick from, each suited to various trading and investing goals, talents, and trading styles.

Investing without paying a commission is possible if the spread is wide enough to cover the brokerage costs.

EUR/USD has a fixed spread that begins at 0.9 pips.

With a leverage level of up to 1:400, a 0.25% margin requirement applies.

In a variety of ways, customers may reach out and be heard.

Many instructional resources and tools are available.

Many more advantages, including extensive research, powerful trading tools, and more.

A minimum deposit of 41,500 Nigerian Naira, with the option of registering an account in USD, ZAR, GBP, and AUD.

Professional Account

To use AvaTrade’s Professional Account, traders must first open a retail account with the business. Account registration and subsequent approval are the initial steps to becoming a professional trader.

Nigerian traders can only register a professional account if they fulfil at least two of the following criteria:

At least twelve months of continuous trading activity in a relevant financial market, with documentation of large transactions. CFD, FX, or spread betting bets with an average frequency of 10 per quarter over the previous four quarters are included.

At least one year of financial services experience is required for traders.

All the investor’s assets, including cash and financial instruments, must total at least €500,000 (or an equal amount in any other currency).

Options Trading

Trades can be made in a specified amount of a financial instrument, with a predetermined price and predetermined time frame, using AvaTrade. Retail traders have more control over the instrument and the number of trades they make when trading options. Subsequently, traders can choose their own pricing and trading window.

Options may be traded on a daily, weekly, monthly, or even yearly basis. Call options and Put options are available on AvaTrade.com. Buying a call option gives the buyer the ability to acquire an instrument at a predetermined price. Traders that feel the market is experiencing bullish times use this sort of options trading.

On the contrary, put options allow buyers to sell an asset at a specified price. Options traders use this strategy when they feel the market is in a negative phase. The buyer must pay a premium to the seller to get an option. Trader premiums are paid when they acquire an option, and they get premiums when selling options.

Spread Betting

Over 200 financial products are available for spread betting with AvaTrade, including FX pairings and commodities as well as indices and shares, bonds, and Exchange-traded funds (ETFs)

Account currency for AvaTrade traders is the British Pound Sterling (GBP), with a minimum transaction size of 0.10 lots. AvaTrade’s spread betting account holders can only utilize MetaTrader 4 when trading on a retail or professional account, despite having access to all available trading platforms whether trading on a retail or professional account. Spread betting with AvaTrade is tax-free, in addition to a wide variety of markets.

AvaTrade Demo Account

AvaTrade’s platforms allow users to open a free practice account. Traders may use virtual money to engage in actual market circumstances in a risk-free environment with this demo account.

All traders may benefit from using a demo account, regardless of their level of trading expertise or experience. Traders are free to utilize the demo account in any way they see appropriate, whether it is to practice trading, test trading techniques, do fundamental research, technical analysis, or in-depth market study.

AvaTrade Islamic Account

Muslims who adhere to Sharia law may benefit from an Islamic Account because it is specifically designed to cater to their unique needs. The Sharia law forbids paying any interest, including overnight fees, since it is considered wasteful or exploitative by the law’s adherents.

To avoid overnight fees or interest if traders keep positions open for an extended period after the trading day has ended, this kind of account provides an exemption. With AvaTrade’s Islamic Account option, Muslim traders may trade without incurring any additional fees or interest charges.

Additional features of an AvaTrade Islamic account include the following:

Halal Gold and Silver Trading

Halal Oil Trading

Halal Indices Trading

Islamic Forex Trading