AvaTrade Minimum Deposit
The minimum deposit amount required to register a live trading account is $100, this minimum deposit is equivalent to 41 565 NGN at the current exchange rate between the US Dollar and the Nigerian Naira at the time of writing.
- Louis Schoeman
Jump to:
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minumum Deposit
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 41450 NGN
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
| 🏛️ Headquartered | Dublin, Ireland |
| 🏛️ Nigerian Based Office | No |
| 👍 Accepts Nigerian Traders? | Yes |
| 📅 Year Founded | 2006 |
| 📱 Nigerian Office Contact Number | None |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| 🔎 License Number | Ireland (C53877) Australia (406684) South Africa (45984) Japan (JFSA 1662, FFAJ 1574) Abu Dhabi (190018) Cyprus (247/17) Israel (514666577) |
| ⚖️ CBN Regulation | None |
| ✴️ Regional Restrictions | Iran, Belgium, and the United States |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Demo Account Description | Free Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation |
| 📈 Retail Investor Accounts | 1 (Retail and Professional Option) |
| 📊 PAMM Accounts | None |
| 🚀 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 time | Depends 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 Stats | 1.3 million |
| 👥 Active Nigerian-based AvaTrade customers | Unknown |
| 💰 Nigeria Daily Forex Turnover | $1.25 million+ |
| 💳 Deposit and Withdrawal Options | Wire Transfer, Electronic Payment Gateways, Credit Cards, Debit Cards |
| 📈 Related lot sizes | Standard, Mini and Micro lots size |
| 💰 Segregated Accounts with Nigerian Banks? | No |
| 💰 Account Types | Real Account, Demo Account, Islamic Account. Options Account |
| 💻 Trading Platforms | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Tradable Assets | Forex, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🌐 Offers USD/NGN currency pair? | No |
| 🌐 USD/NGN Average Spread | N/A |
| 🚀 Service description | CFD Regulated broker with +1000 financial instruments and multiple trading platforms, operating since 2006. |
| ✴️ Instruments offered | 800+ |
| ✴️ Instruments | Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds |
| ✴️ Total offered per instrument | CFD – 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 |
| 💰 Bonus | 20% welcome bonus accordengly to regulation |
| 👥 Sponsorship | Currently with Bolt |
| 👥 Partnership | Trading Central |
| 📈 Offers Nigerian Stocks and CFDs | Yes |
| 🔎 Banned countries | US, North Korea, New Zealand, Iran, Belgium |
| 👨💼 Languages supported on Website | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Nigerian-based customer support? | No |
| 💰 Bonuses and Promotions for Nigerians | Yes |
| ✴️ Education for Nigerian beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
| ✔️ Is AvaTrade a safe broker for Nigerians? | Yes |
| ✔️ Rating for AvaTrade Nigeria | 9/10 |
| ✔️ Trust score for AvaTrade Nigeria | 96% |
AvaTrade Minimum Deposit – 7 key points quick overview:
AvaTrade Minimum Deposit Overview
👉 AvaTrade charges a minimum deposit amount of $100.
👉 This is equal to 41,600 Nigerian Naira (NGN) at the current exchange rate between the United States Dollar and the Naira [2022/03/02].
👉 All client money must be held in segregated accounts with top-tier banks, separate from AvaTrade’s broker account to meet the tight criteria of various market authorities including Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, and ISA. While AvaTrade is not regulated by the Central Bank of Nigeria (CBN), it is a trusted online broker.
👉 It is forbidden to utilize this money for any other reason, such as operating expenses or to meet financial commitments. AvaTrade is one of the most reputable CFD and FX brokers in the world, with Nigerian customer money maintained in segregated accounts with top-tier banks in each country, thanks to its stringent regulatory and authorization requirements.
👉 Clients in Europe may rest easy knowing that AvaTrade is covered by Investor Compensation Company Limited.
AvaTrade at a glance
| 🏛️ Headquartered | Dublin, Ireland |
| 🏛️ Nigerian Based Office | No |
| 👍 Accepts Nigerian Traders? | Yes |
| 📅 Year Founded | 2006 |
| 📱 Nigerian Office Contact Number | None |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| 🔎 License Number | Ireland (C53877) Australia (406684) South Africa (45984) Japan (JFSA 1662, FFAJ 1574) Abu Dhabi (190018) Cyprus (247/17) Israel (514666577) |
| ⚖️ CBN Regulation | None |
| ✴️ Regional Restrictions | Iran, Belgium, and the United States |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Demo Account Description | Free Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation |
| 📈 Retail Investor Accounts | 1 (Retail and Professional Option) |
| 📊 PAMM Accounts | None |
| 🚀 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 time | Depends 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 Stats | 1.3 million |
| 👥 Active Nigerian-based AvaTrade customers | Unknown |
| 💰 Nigeria Daily Forex Turnover | $1.25 million+ |
| 💳 Deposit and Withdrawal Options | Wire Transfer, Electronic Payment Gateways, Credit Cards, Debit Cards |
| 📈 Related lot sizes | Standard, Mini and Micro lots size |
| 💰 Segregated Accounts with Nigerian Banks? | No |
| 💰 Account Types | Real Account, Demo Account, Islamic Account. Options Account |
| 💻 Trading Platforms | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
| 💰 Tradable Assets | Forex, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 🌐 Offers USD/NGN currency pair? | No |
| 🌐 USD/NGN Average Spread | N/A |
| 🚀 Service description | CFD Regulated broker with +1000 financial instruments and multiple trading platforms, operating since 2006. |
| ✴️ Instruments offered | 800+ |
| ✴️ Instruments | Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds |
| ✴️ Total offered per instrument | CFD – 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 |
| 💰 Bonus | 20% welcome bonus accordengly to regulation |
| 👥 Sponsorship | Currently with Bolt |
| 👥 Partnership | Trading Central |
| 📈 Offers Nigerian Stocks and CFDs | Yes |
| 🔎 Banned countries | US, North Korea, New Zealand, Iran, Belgium |
| 👨💼 Languages supported on Website | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Nigerian-based customer support? | No |
| 💰 Bonuses and Promotions for Nigerians | Yes |
| ✴️ Education for Nigerian beginners | Yes |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
| ✔️ Is AvaTrade a safe broker for Nigerians? | Yes |
| ✔️ Rating for AvaTrade Nigeria | 9/10 |
| ✔️ Trust score for AvaTrade Nigeria | 96% |
Deposit fees and deposit methods
👉 AvaTrade allows Nigerian traders access to the following deposit methods to pay the 41,600 NGN minimum deposit:
➡️ Wire Transfer
➡️ Electronic Payment Gateways
➡️ Credit Cards
➡️ Debit Cards
👉 When traders deposit the minimum deposit, they can use the following deposit currencies:
➡️ USD
➡️ EUR
➡️ GBP
➡️ CHF
➡️ AUD
Step by step guide to depositing the minimum amount
Once registered for a live trading account, traders can follow the following steps to deposit the minimum amount required:
Step 1 – Locate the deposit option on your Avatrade dashboard.
➡️ On the account, the trader can click on ‘Deposit’ and select their preferred deposit method.
Step 2: Click on Fund your account option.
➡️ Once you have selected to fund your account you can now select your preferred method.
Step 3 – Enter the amount you wish to deposit.
➡️ Add the payment method details into the fields.
Step 4 – Click on ‘Deposit‘
AvaTrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| The minimum deposit is an industry-standard | Electronic payments cannot be used by EU or Australian clients |
| Deposit fees are not charged | Canadian clients cannot use credit card deposits |
| There are several flexible funding options offered | Nigerian traders may face currency conversion fees |
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 41450 NGN
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 Final Verdict
AvaTrade offers a minimum deposit of $100. AvaTrade does not charge fees when deposits are made or when funds are withdrawn from the trader’s account. AvaTrade has effective customer support, education opportunities, and product range.
Frequently Asked Questions
What is the minimum deposit required to open an account with AvaTrade in NGN and USD?
41,600 Nigerian Naira or the equivalent of $100.
Can I make the minimum deposit in Nigerian Naira?
No, the minimum deposit for Avatrade must be made in either USD, ZAR, GBP, or AUD.
How do you make a deposit and withdraw money with AvaTrade?
You can use:
- Wire Transfer
- Electronic Payment Gateways
- Credit Cards
- Debit Cards
Are there local Nigerian deposit and withdrawal methods offered?
No, there are no local deposit and withdrawal methods offered.
Does AvaTrade charge withdrawal fees?
No, AvaTrade does not charge withdrawal fees.
How long does it take to make a withdrawal?
This will depend on the withdrawal method, but some can take up to 5 working days, such as Bank Wire Transfer.
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