AvaTrade Fund Withdrawal Process
Overall, AvaTrade offers a simple fund withdrawal process for Nigerian Traders. 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. Avatrade has a Trust Score of 93% out of 100.
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
Pros and Cons
USD 100 / 41450 NGN
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Account Activation Time
AvaTrade Fund Withdrawal Process – 6 key points quick overview:
How to Withdraw Funds Step by Step
👉 Nigerian traders who want to withdraw funds from their AvaTrade trading account can follow the following few steps:
➡️ Before they may withdraw any funds that have been invested at AvaTrade, Nigerian traders must ensure that they have taken all the essential procedures to authenticate their accounts.
➡️ By logging in using their email addresses and the passwords assigned to such accounts, traders in Nigeria may access their trading accounts and withdraw money.
➡️ Nigerian traders who have successfully logged into the withdrawal section of the trading platform may submit a request for an online withdrawal.
➡️ The withdrawal request will be processed within the following twenty-four hours once AvaTrade’s finance division confirms receipt of it.
➡️ Depending on the method of payment that a Nigerian has chosen, the processing period for withdrawal requests will range from a minimum of twenty-four hours to a maximum of ten days.
➡️ To comply with anti-money laundering regulations, Nigerian traders must request withdrawals using the same payment method they used to fund their first deposit.
Detailed Withdrawal Information for Traders
👉 AvaTrade supports a range of withdrawal methods including:
➡️ Bank Wire Transfer
➡️ Credit/Debit Card
👉 AvaTrade has carefully worked to create effective and enhanced systems to ensure that all deposits and withdrawals from traders are completed as quickly and safely as possible.
👉 As a licensed broker, AvaTrade complies with the stringent regulations set out by the regulatory organizations, guaranteeing the reliability, ease, and security of all traders while making deposits or withdrawals of money.
AvaTrade Payment Method and Processing Times on Deposits and Withdrawals
|💸 Payment Method||💰 Deposit Processing||💳 Withdrawal Processing|
|Bank Wire Transfer||Up to 10 days||Up to 10 days|
|Credit/Debit Card||24 – 48 Hours||24 – 48 hours|
|PayPal||24 – 48 Hours||24 – 48 hours|
|WebMoney||24 – 48 Hours||24 – 48 hours|
|Neteller||24 – 48 Hours||24 – 48 hours|
Fund Withdrawal Terms and Conditions
👉 Nigerian traders must consider the following components that form part of AvaTrade’s withdrawal policies:
➡️ It is necessary to verify and validate your AvaTrade account before you can withdraw monies from that account.
➡️ Know Your Customer, often known as KYC, is a method that must be strictly adhered to by AvaTrade since it is compelled to do so by regulatory bodies that demand that your identity and account be confirmed.
➡️ As part of strict Anti-Money Laundering (AML) policies, AvaTrade cannot allow withdrawals to unknown sources.
AvaTrade Pros and Cons
|✔️ Pros||❌ Cons|
|AvaTrade is a trusted broker with a high level of trustworthiness||AvaTrade does not offer variable spreads|
|AvaTrade provides an attractive welcome bonus||There is a limited choice between retail accounts|
|There is a referral bonus offered when traders invite family and friends to register a real account||AvaTrade does not provide the benefit of a no-deposit bonus|
AvaTrade Final Verdict
👉 Overall, AvaTrade is very competitive in terms of its trading fees and spreads.
How long does a withdrawal from AvaTrade take in Nigeria?
Withdrawals from AvaTrade take on average 2-3 business days in Nigeria. That is if the withdrawal takes place during the week. Withdrawals are not processed on weekends or public holidays by AvaTrade.
Does AvaTrade allow withdrawals with a different method than the deposit method you used?
No, because of the anti-money laundering rules, the same method you used to make an AvaTrade deposit should be used to make the AvaTrade withdrawal with.
Does AvaTrade allow withdrawals to a third party?
No, withdrawals may only be made to accounts and cards in the name of the AvaTrade account holder.
How much can I withdraw from AvaTrade in a single transaction?
This will depend on the withdrawal method that you use. If, for instance, you have deposited 41,000 NGN to your account using a debit/credit card, you can only withdraw this maximum amount using the same withdrawal method.
Does AvaTrade allow Paypal withdrawals?
Yes, withdrawals via Paypal is allowed provided that you have used PayPal as the deposit method as well.