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AvaTrade Fees and Spreads

The spread and commission fees for AvaTrade start from $100 with spreads from 0.03 pips. AvaTrade does charge broker fees but deposits and withdrawals are free of charge. AvaTrade also charges an inactive fee of $50 per quarter. There is an initial minimum deposit of $100 when opening an account.

Updated : November 28, 2022

Overall Rating

Min Deposit

USD 100 / 41450 NGN



Trading Desk

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



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

AvaTrade at a glance

🏛️ HeadquarteredDublin, Ireland
🏛️ Nigerian Based OfficeNo
👍 Accepts Nigerian Traders?Yes
📅 Year Founded2006
📱 Nigerian Office Contact NumberNone
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
🔎 License NumberIreland (C53877)
Australia (406684)
South Africa (45984)
Japan (JFSA 1662, FFAJ 1574)
Abu Dhabi (190018)
Cyprus (247/17)
Israel (514666577)
⚖️ CBN RegulationNone
✴️ Regional RestrictionsIran, Belgium, and the United States
☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Demo Account DescriptionFree Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation
📈 Retail Investor Accounts1 (Retail and Professional Option)
📊 PAMM AccountsNone
🚀 Offers a Nigerian Account?No
💻 Dedicated Nigerian Account Manager?No
📈 Leverage (Up to)1:400, EU – 1:30 and 1:400 (Professional Accounts)
📈 Leverage Restrictions for Nigeria?No
💳 Minimum Deposit (₦)41,500 Nigerian Naira
📊 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
💳 Nigerian Naira Deposits Allowed?No
💰 Active Nigerian Trader Stats1.3 million
👥 Active Nigerian-based AvaTrade customersUnknown
💰 Nigeria Daily Forex Turnover$1.25 million+
💳 Deposit and Withdrawal OptionsWire Transfer, Electronic Payment Gateways, Credit Cards, Debit Cards
📈 Related lot sizesStandard, Mini and Micro lots size
💰 Segregated Accounts with Nigerian Banks?No
💰 Account TypesReal Account, Demo Account, Islamic Account. Options Account
💻 Trading PlatformsAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💰 Tradable AssetsForex, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals
🌐 Offers USD/NGN currency pair?No
🌐 USD/NGN Average SpreadN/A
🚀 Service descriptionCFD Regulated broker with +1000 financial instruments and multiple trading platforms, operating since 2006.
✴️ 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
💰 Bonus20% welcome bonus accordengly to regulation
👥 SponsorshipCurrently with Bolt
👥 PartnershipTrading Central
📈 Offers Nigerian Stocks and CFDsYes
🔎 Banned countriesUS, North Korea, New Zealand, Iran, Belgium
👨‍💼 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
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansYes
✴️ Education for Nigerian beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is AvaTrade a safe broker for Nigerians?Yes
✔️ Rating for AvaTrade Nigeria9/10
✔️ Trust score for AvaTrade Nigeria96%

AvaTrade Fees and Spreads

Avatrade fees


👉 The spread list for Nigerian traders starts from 0.9 pips EUR/USD.


👉 AvaTrade offers fixed spreads which are marked-up to include the broker fees for facilitating the transaction, this exempts traders from paying commissions on trades. The typical spreads that traders can expect when they deal with AvaTrade are:


➡️ Forex – fixed spreads of 0.9 pips on EUR/USD

➡️ Stocks – fixed spreads from 0.13%

➡️ Commodities – fixed spreads from 0.5% on Gold

➡️ Indices – fixed spreads from 0.50% on US_500

➡️ FX Options – fixed spreads of 0.9 pips on EUR/USD

➡️ ETFs – fixed spreads from 0.13%

➡️ Bonds and Treasuries – fixed spreads of 0.03 pips Over Market for Euro Bonds and 0.06 Over Market for Japan Government Bonds

➡️ Cryptocurrencies – From 0.25% Over Market on BTC/USD


AvaTrade Additional Trading Fees

👉 When Nigerian traders leave their positions open for more than a trading day, they incur overnight and swap fees, which are charges or interest that may be credited or debited. AvaTrade charges overnight fees per the following structure:


➡️ The position size

➡️ The position of the trader – whether long or short

➡️ The financial instrument that is being traded


👉 AvaTrade’s fees are calculated according to the position size multiplied by the amount of daily overnight interest. This will provide Nigerian traders with the average overnight interest that they can receive, or which they must pay.


👉 Some typical overnight fees for AvaTrade include:


➡️ EUR/USD – Sell rate of -0.0026% and Buy rate of -0.0067%

➡️ GBP/USD – Sell rate of 0.0044% and Buy rate of -0.0047%

➡️ USD/JPY – Sell rate of 0.0052% and Buy rate of -0.0040%

➡️ USD/ZAR – Sell rate of 0.0056% and Buy rate of -0.0140%


👉 Muslims may convert their retail account into an Islamic account, exempting them from interest from trading activities, at AvaTrade. retail account characteristics are replicated in the Islamic account, which includes the following:


➡️ Halal Gold and Silver Trading

➡️ Halal and Oil Trading on the MetaTrader 4 trading platform

➡️ Halal Indices Trading

➡️ Islamic Forex Trading


👉 AvaTrade does not offer spread betting to Nigerian traders. Therefore, spread betting fees are not applied to traders from Nigeria.


AvaTrade Broker Fees

avatrade deposits


👉 A broker fee is a non-trading cost that a broker charges to compensate for the services it provides. Inactivity or account administration and maintenance fees are not listed at AvaTrade. AvaTrade does not charge any deposit fees or withdrawal fees on any of the payment methods that Nigerian traders can use.


AvaTrade Pros and Cons

✔️ Pros❌ Cons
Deposit fees and withdrawal fees are not chargedSpreads are marked-up
Competitive trading conditions are providedThere is only one retail and one professional account
There is a wide range of tradable instruments offered
AvaTrade offers transparent fee schedules

Frequently Asked Questions


What is the charges per trade with AvaTrade?

This broker is compensated through the Bid-Ask price, unless otherwise stated, therefore AvaTrade does not charge traders commissions on trades. 

What type of spreads does AvaTrade offer?

AvaTrade offers fixed spreads.

Does AvaTrade charge deposit and withdrawal fees?

No, AvaTrade does not charge any deposit or withdrawal fees. 

Does AvaTrade offer leverage?

Yes, AvaTrade offers a maximum leverage ratio of 1:400.

Are there leverage restrictions on Nigerian traders?

No, there are no specific restrictions on Nigerian traders.


9.4/10 - (16 votes)

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