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AvaTrade Review

AvaTrade is considered secure and can be summarised as dependable and trustworthy. AvaTrade is regulated by the elite FSCA and the FSA. AvaTrade is currently one of the most prestigious platforms, ranked with an overall trust score of 96% out of 100. AvaTrade is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : August 5, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD 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 Overview

AvaTrade Review Overview

👉 Overall, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 100. AvaTrade is licensed by five Tier-1 Regulators (high trust), five Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). AvaTrade offers a single live trading account with the option between Retail and Professional.

 

👉 AvaTrade Accepts Botswanan 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

 

👉 The broker is concerned with the trader’s experience, which is complemented by the broker’s solid financial backing and award-winning customer service, which is accessible 24 hours a day in 14 languages.

 

👉 AvaTrade offers a diverse choice of trading instruments to traders of all experience levels, including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, and ETFs. Traders may access over 1250 products through a variety of trading platforms for PC and mobile trading applications.

 

👉 This AvaTrade review for Botswana 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

Distribution of Traders

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

➡️ South Africa – 9.9%

➡️ Italy – 9.7%

➡️ India – 6.7%

➡️ United Kingdom – 6.5%

➡️ Ireland – 5.04%

 

Popularity among traders who choose AvaTrade

🥇 AvaTrade does not grab a substantial market share in Botswana, yet the broker not only welcomes Botswanan traders but accommodates all traders whatever their trading styles and aims, putting this broker in the Top 20 forex and CFD brokers for Botswanan traders.

AvaTrade At a Glance

🏛 HeadquarteredDublin, Ireland
🌎 Global OfficesAustralia, Ireland, South Africa, Japan, British Virgin Islands, UAE
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2006
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Twitter
• Instagram
• Facebook
• YouTube
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
1️⃣ Tier-1 Licenses• Central Bank of Ireland (CBI)
• Australian Securities and Investment • Commission (ASIC)
• Japanese Financial Services Authority (JFSA)
• Financial Futures Association of Japan (FFAJ)
• Investment Industry Regulatory Organization of Canada (IIROC) through Friedberg Mercantile
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange • Commission (CySEC)
Financial Sector • Conduct Authority (FSCA)
Israel Securities • Authority (ISA)
• Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FRSA)
• Polish Financial Supervision Authority (KNF)
3️⃣ Tier-3 Licenses• British Virgin Islands Financial Service Commission (BVI FSC)
🪪 License Number• Ireland (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)
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsIran, Belgium, and the United States
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts1 (Retail and Professional Option)
✔️ PAMM AccountsNo, MAM
💻 Liquidity ProvidersCurrenex, and other bank and non-bank entities
✔️ Affiliate ProgramYes
📱 Order ExecutionInstant
📊 Starting spreadFrom 0.9 pips
📉 Minimum Commission per TradeNo Commission Charges
💰 Decimal Pricing5 points after the comma
📞 Margin Call50% on Retail, 25% on AvaOptions Accounts
🛑 Stop-Out10%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade SizeUnlimited
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage• 1:30 (Retail)
• 1:400 (Pro)
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)1,200 Botswanan Pula or an equivalent to $100
✔️ Botswana Pula Deposits Allowed?No
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based AvaTrade customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Wire Transfer
• Electronic Payment • Gateways
• Credit Cards
• Debit Cards
💻 Minimum Withdrawal Time24 to 48 Hours
⏰ Maximum Estimated Withdrawal TimeUp to 10 days
💳 Instant Deposits and Instant Withdrawals?No
🏛 Segregated Accounts with Botswana 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/BWP currency pair?No
🚀Service descriptionfinancial instruments and multiple trading platforms, operating since 2006.
💰 Bonus 20%welcome bonus accordengly to regulation
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
📊 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
🔎 Banned countriesUS, North Korea, New Zealand, Iran, Belgium
💻 Languages supported on the WebsiteEnglish, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others
📈 Related lot sizesStandard, Mini and Micro lots size
👥 SponsorshipCurrently with Bolt
✴️ 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
☎️ Customer Support LanguagesMultilingual
📈 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
👥 Copy Trading SupportYes
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is AvaTrade a safe broker for Botswana Traders?Yes
🎖 Rating for AvaTrade Botswana9/10
🥇 Trust score for AvaTrade Botswana93%
👉 Open Account👉 Open Account

AvaTrade Regulation and Safety of Funds

AvaTrade Review Regulation

 

AvaTrade Regulation in Botswana

👉 While AvaTrade does not have local offices or regulation in Botswana, the broker is one of the best options for Botswanan traders.

 

AvaTrade Global Regulations

👉 AvaTrade is a licensed foreign exchange broker operating in the European Union, Japan, Australia, South Africa, and the British Virgin Islands. This implies they must adhere to stringent regulatory compliance requirements.

 

👉 This includes the way they manage client money (segregated accounts), as well as the security and reporting of financial information. Trading with a broker who is licensed in many countries provides customers with the assurance that they are dealing with a respectable and reliable trading broker.

 

👉 AvaTrade has the following regulation and authorization:

➡️ The Central Bank of Ireland (CBI) regulates AVA Trade EU Ltd.

➡️ Cyprus Securities and Exchange Commission (CySEC) controls DT Direct Investment Hub Ltd., one of the group’s subsidiaries. Investment Hub Ltd. is a regulated investment business operating according to the Markets in Financial Instruments Directive (MiFID). MiFID governs financial services in the European Union. It contributes to enhanced consumer investment protection while maintaining efficiency and openness.

➡️ AVA Trade EU Ltd operates a branch in Poland according to an AvaTrade EU license issued by the Polish Financial Supervision Authority (KNF).

➡️ AVA Trade Ltd is regulated by the Financial Services Commission of the British Virgin Islands (BVI). The BVI issues licenses to firms that conduct financial services operations inside the territory.

➡️ The Australian Securities and Investments Commission (ASIC) regulates Ava Capital Markets Australia Pty Ltd. This is an Australian regulator that regulates clients in Australia. It contributes to the fair and transparent operation of financial services.

➡️ The South African Financial Sector Conduct Authority (FSCA) regulates Ava Capital Markets Pty.

➡️ Ava Trade Japan K.K. is regulated in Japan by the Financial Services Agency (FSA) and the Japan Association of Financial Futures Brokers (FFAJ).

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

➡️ AvaTrade operates under the name ATrade Ltd, a company that is well-regulated and overseen in Israel by the Israel Securities Authority (ISA).

➡️ Accounts in Canada are established and maintained by Friedberg Direct, which executes transactions through a subsidiary of the AvaTrade group of enterprises. Friedberg Direct is a division of Friedberg Mercantile Group Ltd., which is a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian exchanges.

 

AvaTrade Client Fund Security and Safety Features

AvaTrade Client Fund Security and Safety Features

👉 AvaTrade is one of the world’s most recognized CFD and FX brokers due to its tight regulation and authorization, with Botswanan client funds held in segregated accounts at top-tier institutions in each nation.

 

👉 AvaTrade is an Investor Compensation Company Limited member in Europe, which provides additional money protection to European investors.

 

👉 Not only is AvaTrade registered and regulated, but the broker is also committed to providing a safe, fair, and transparent trading environment, ensuring that all clients are treated fairly and have access to the best possible trading conditions.

AvaTrade Awards and Recognition

AvaTrade Awards and Recognition

👉 AvaTrade’s most recent awards are as follows:

➡️ AvaTrade received the ForexBrokers.com No. 1 Innovation Award in 2021.

➡️ In 2021, AvaTrade got The CEO Reviews’ Top Brand Award.

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

➡️ In 2021, Global Business Review Magazine named AvaTrade the “Best Retail Broker UAE.”

➡️ In 2021, AvaTrade was named “Best Fixed Spread Broker” by Compare Forex Broker.

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

AvaTrade Account Types and Features

AvaTrade Review Account Types

👉 AvaTrade offers its Botswana retail traders a single basic account with several options and the option to register for a professional account if they qualify as professionals. The kind of account that traders may establish is regulated by their jurisdiction and the regulatory constraints applicable to that country.

 

👉 Botswanan traders have the following retail investor account options, which vary according to the region where 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 Botswana – Standard, Options

➡️ Japan – Retail, Options

➡️ Abu Dhabi – Retail, Professional, Options

➡️ Israel – Standard, Options

💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ Standard Account1,200 BWP/$1000.9 pipsNone9 USD
➡️ Professional Account1,200 BWP/$1001.2 pipsNone12 USD
➡️ Islamic Account1,200 BWP/$1000.9 pipsNone9 USD

 

AvaTrade Live Trading Accounts

Retail Investor Account

AvaTrade Review Retail Investor Account

👉 AvaTrade offers a Standard Retail Account that is ideal for most Botswanan traders and intermediate investors seeking worldwide market exposure. This account is notable for the following characteristics:

Account FeatureValue
💰 Minimum Deposit Requirement1,200 Botswanan Pula or an equivalent to 100 units in ZAR, USD, GBP, or AUD
💳 Base Account Currency OptionsZAR, USD, GBP, or AUD
📈 Maximum Leverage1:30
📉 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

👉 Before you register a Professional Account, you must have a verified and active AvaTrade retail account. To begin a profession in trading, traders must first create an account and have their application approved.

 

👉 Professional Status and a subsequent Professional Account are available to traders who meet two of the following three criteria:

➡️ A minimum of twelve consecutive months of trading in a relevant financial market. During the previous four quarters, there have been an average of ten CFD, FX, or spread betting transactions every quarter.

➡️ Traders must have at least one year of experience in the financial services business.

➡️ The trader must have a minimum investment portfolio of €500,000 (or its equivalent in any other currency) that comprises both cash and financial instruments.

 

Options Trading

AvaTrade Review Options Trading

👉 AvaTrade enables Botswana options traders to buy or sell a specific quantity of an asset at an agreed-upon price and time. This is referred to as options trading.

 

👉 When retail Botswana traders trade options, they have total control over the product and the amount of money invested. Additionally, dealers in Botswana have the option of setting their own pricing and trading hour.

 

👉 A single trading day, a week, a month, or even a year might be spent trading options, depending on the trader’s trading strategy and goals. AvaTrade offers both Call and Put options.

 

👉 Call options provide the buyer with the possibility to purchase an instrument at a specified price. Investors who believe the market is heading in a good direction trade these options.

 

Spread Betting (UK Clients Only)

👉 AvaTrade offers spread betting on more than 200 financial instruments, including currency pairs, commodities, equities, bonds, and ETFs.

 

👉 The British Pound Sterling (GBP) is the account currency for AvaTrade traders, with a minimum transaction size of 0.10 lots.

 

👉 Even though AvaTrade’s spread betting customers have access to various trading platforms, they can only use MetaTrader 4 when trading on a retail or professional account. Additionally, AvaTrade provides tax-free spread betting, which is another reason why many UK traders choose AvaTrade to trade in global financial markets.

 

AvaTrade Base Account Currencies

AvaTrade Base Account Currencies

👉 When Botswanan 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.

 

👉 To get a feel for the financial markets, AvaTrade’s free Demo account is a great place to start. How to achieve it is described in detail in the section below:

➡️ Creating a demo account is as simple as clicking a specific link and filling out a few fields. Providing contact information like a phone number and email address is all that is required throughout the registration process.

➡️ Alternatively, you can just piggyback on your Facebook or Google accounts to fill in all the necessary areas for you.

➡️ AvaTrade, like all authorized brokers, has a duty of care to anybody who registers, even if the Demo account offers risk-free trading. ‘Know Your Customer’ (KYC) requirements mandate that a company must have access to your personal information, including your name, address, and phone number.

➡️ Once you have checked those boxes, you will be brought to the Demo account interface, where you may begin trading.

 

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.

 

👉 Botswanan Islamic accounts at AvaTrade, which provide the same trading conditions without any extra fees or interest, are an alternative for Muslim traders. An AvaTrade Islamic account additionally gives users access to the following tools:

 

👉 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 open an Account with AvaTrade in Botswana

AvaTrade Register Now

👉 When it comes to signing up with AvaTrade, the procedure is simple. Traders may join up with AvaTrade by going to the website and selecting the appropriate option. Before their account can be validated, they must complete an online form, verify their email address, and submit supporting evidence.

 

👉 With only a few clicks of the mouse, traders may fund their trading accounts and begin trading immediately. Traders may also count on AvaTrade’s helpful customer care for assistance.

AvaTrade Vs NAGA Vs Plus500 – Broker Comparison

🥇 AvaTrade🥈 NAGA🥉 Plus500
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROCCySEC, BaFinASIC, FMA, FSCA, FCA, CySEC, FSA, MAS
📱 Trading Platform• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• NAGA Trading Platform
• MetaTrader 4
• MetaTrader 5
Plus500 mobile and web-based trading platform
💰 Withdrawal FeeNoYesNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit1,200 BWP3,000 BWP1,200 BWP
📊 Leverage• 1:30 (Retail)
• 1:400 (Pro)
1:10001:30
📊 SpreadFixed, from 0.9 pips0.7 pips0.8 pips
💰 CommissionsNoneNoneNone
✴️ Margin Call/Stop-Out• 25% – 50% (M)
• 10% (S/O)
100%/50%None
💻 Order ExecutionInstantMarketNone
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• Standard Live Account
• Professional Account Option
• Iron Account
• Bronze Account
• Silver Account
• Gold Account
• Diamond Account
• Crystal Account
• Standard Live Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsNoYesNo
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts161
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade SizeUnlimited10,000100 lots
💰 Minimum Withdrawal Time24 to 48 HoursInstant1 working day
📊 Maximum Estimated Withdrawal TimeUp to 10 daysUp to 5 working days5 working Up to 7 working days
💸 Instant Deposits and Instant Withdrawals?NoYesNo

Overall Rating

Min Deposit

USD 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 Review Trading Platforms

👉 AvaTrade offers Botswana Traders a choice between these trading platforms:

➡️ AvaTradeGO

➡️ AvaOptions

➡️ AvaSocial

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ DupliTrade

➡️ ZuluTrade

➡️ AvaProtect 

➡️ Trading Central 

 

Desktop Platforms

AvaTrade Review Desktop Platform

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ ZuluTrade (through MT4)

 

MetaTrader 4

👉 MT4 has been operational since 2002 and has been the industry standard for online trading across all markets. It is both user-friendly for newcomers and detailed enough for seasoned market experts to get the most out of it.

 

MetaTrader 5

👉 Automated trading algorithms, technical analysis, and the ability to duplicate trades are just some of the features of MT5. It has a wide range of useful functions, as well as innovative tools, and it performs very well.

 

ZuluTrade (through MT4)

👉 Auto-trading software ZuluTrade works with AvaTrade and MetaTrader 4 thanks to API integration. In terms of ease of use, ZuluTrade’s trading platform is accessible to traders of all skill levels.

 

WebTrader Platforms

AvaTrade Review Web Trader

➡️ AvaTrade

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ DupliTrade

 

AvaTrade

👉 The AvaTrade WebTrader is a perfect tool for people interested in trading but who do not have the time or inclination to do significant market research. It requires no installation and is accessible from any browser on any system.

 

MetaTrader 4

👉 MetaTrader 4 enables the creation, modification, and application of automated trading systems. Each piece of software that may be used for automated or algorithmic trading is available in the MQL4 integrated development environment (IDE) (integrated development environment).

 

MetaTrader 5

👉 MetaTrader 5 supports MQL5, a more complex version of the MQL5 standard, for the development of financial applications. MT5 has all the tools necessary for a skilled trader to succeed in today’s unpredictable markets. Nevertheless, the comparable design enables a smooth transfer from MetaTrader 4 to the trading platform.

 

DupliTrade

👉 When Botswanan traders use DupliTrade, they may automate the replication of expert traders’ trading techniques directly into their AvaTrade trading accounts.

👉 When traders sign up with DupliTrade, they have access to a comprehensive library of proven trading systems established by professional traders.

 

Trading App

AvaTrade Review Trading App

➡️ AvaTradeGO

➡️ AvaOptions

➡️ MetaTrader 4 and 5

➡️ AvaSocial

 

AvaTradeGO

👉 Investing has never been simpler than it is with AvaTradeGO, a mobile application that walks Botswana users through the process of making trades, providing feedback on their overall progress, and aiding anytime traders want assistance.

 

Ava Protect

👉 This unique risk management feature allows you to protect a specific trade against losses of up to one million dollars over a chosen time frame.

 

Trading Central

👉 This tool merges the views of their brightest minds together with automated algorithms. The product offers pattern recognition to trigger high potential trading ideas. This is then checked and corroborated by the analysts before being released to our traders.

 

AvaOptions

👉 The AvaOptions trading app gives Botswana traders with access to over 40 currency pairings, as well as a combination of call and put options, all of which are combined into a single account, allowing Botswana traders to build an ideal portfolio.

👉 AvaOptions gives Botswana traders complete control over their portfolio, enabling them to manage risk and align their trading strategy with the market.

 

MetaTrader 4 and 5

👉 Botswana traders may maintain several MT4 accounts and switch between demo, legitimate, and competitive spreads accounts using their retail or professional AvaTrade account credentials. The AvaTrade MetaTrader 4 and 5 trading platform is compatible with both Android and iOS mobile devices.

👉 This enables traders to access a limitless number of marketplaces and trading opportunities from the palm of their hand.

 

AvaSocial

👉 New traders may have access to the markets at the click of a button when they use AvaSocial’s trading app. Traders may quickly learn from more experienced traders who are ready to share their expertise, thereby shortening the overall learning curve.

👉 For skilled traders, having a clear view of the market without the need for constant research may save time.

AvaTrade Range of Markets

AvaTrade Review Range of Markets

👉 Botswana 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

 

Financial Instruments and Leverage offered by AvaTrade

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex551:400
➡️ Precious Metals51:200
➡️ ETFs591:20
➡️ Indices331:200
➡️ Stocks6251:10
➡️ Cryptocurrency201:25
➡️ Options531:100
➡️ Energies51:200
➡️ Bonds21:20
➡️ FXOptions241:100

Broker Comparison for Range of Markets

🥇 AvaTrade🥈 NAGA🥉 Plus500
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsYesYesYes
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesNoYes
➡️️ OptionsYesNoYes
➡️️ EnergiesYesYesYes
➡️️ BondsYesNoNo

AvaTrade Trading and Non-Trading Fees

Spreads

AvaTrade Review Trading Fees

👉 AvaTrade is one of the largest market maker brokers in the world, providing fixed spreads. This means that AvaTrade generates market liquidity for its retail traders, which enables them to complete their transactions.

 

👉 AvaTrade works as a link between retail traders and the interbank market, acquiring large positions from several liquidity providers and reselling them to traders. AvaTrade executes orders in-house, guaranteeing that transactions are completed fast and without charge.

 

👉 Additionally, AvaTrade offers single price quotations and deducts its service fee from the spread paid. The average spread at AvaTrade is 0.9 pips on EUR/USD, the most frequently traded currency pair in the foreign exchange market.

 

👉 Some other spreads that Botswanan traders can expect are as follows:

➡️ 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 Commissions

👉 AvaTrade adds a mark-up to its fixed spreads which means that Botswanan traders need not worry about commission charges on their trades.

 

Overnight Fees, Rollovers, or Swaps

AvaTrade Review Rollovers

👉 AvaTrade credits or debits these fees according to the size of the position, its length, the financial instrument traded, and other factors. Traders may compute these costs using the following formula:

➡️ The size of the position multiplied by the daily overnight interest rate equals the daily overnight interest charged/paid.

 

👉 On the official AvaTrade website and trading interface, you can see the overnight interest rate for each asset. Some typical overnight fees that Botswanan traders can expect 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

AvaTrade Deposit and Withdrawal Fees

👉 Deposit and withdrawal fees are not charged when Botswanan traders fund the trading account or withdraw funds from it.

 

Inactivity Fees

👉 AvaTrade levies a $50 inactivity fee after three consecutive months of inactivity. This sum is withdrawn from the account monthly until the trade balance reaches zero.

 

👉 However, if the trading account remains inactive/dormant for 12 consecutive months, a $100 administrative fee will be assessed. Additionally, currency translation fees may apply if Botswana traders deposit money in BWP and those monies are translated to one of the base account currencies accepted.

 

Currency Conversion Fees

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

AvaTrade Deposits and Withdrawals

AvaTrade Review Step 1

 

👉 AvaTrade offers the following deposit and withdrawal methods:

➡️ Bank Wire Transfer

➡️ Credit/Debit Card

➡️ PayPal

➡️ WebMoney

➡️ Neteller

➡️ Skrill

 

Broker Comparison: Deposit and Withdrawals

🥇 AvaTrade🥈 NAGA🥉 Plus500
Minimum Withdrawal Time24 to 48 HoursInstant1 business day
Maximum Estimated Withdrawal TimeUp to 10 daysUp to 5 working daysUp to 7 working days
Instant Deposits and Instant Withdrawals?NoYesNo

 

AvaTrade Payment Method and Processing Times on Deposits and Withdrawals

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

AvaTrade Review Step 2

👉 To begin, go into your AvaTrade account. Select your desired deposit method by clicking on the ‘Deposit’ column. Additionally, please confirm that you have chosen the correct trading account from the drop-down selection.

AvaTrade Fund Withdrawal Process

AvaTrade Review Withdraw Step 2

👉 To withdraw funds from your AvaTrade account, you must first verify and validate your account. The regulatory organizations demand that you verify your identity and account, and AvaTrade is expected to adhere rigorously to the KYC or Know Your Customer procedure.

 

👉 This procedure entails AvaTrade verifying its customers’ identities and assessing any dangers of criminal intent.

Overall Rating

Min Deposit

USD 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 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

➡️ Blog

➡️ A demo account with virtual funds

➡️ Articles

 

Research and Trading Tool Comparison

🥇 AvaTrade🥈 NAGA🥉 Plus500
➡️ Economic CalendarYesYesYes
➡️ VPSNoNoNo
➡️ AutoChartistNoNoNo
➡️ Trading ViewNoYesNo
➡️ Trading CentralYesNoNo
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

 

👉 AvaTrade offers Botswana 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 Botswana Traders the following bonuses and promotions:

➡️ New Accounts Pack – when Botswanan traders register a trading account for the first time, and deposit at least $200 (2,400 BWP) they will be eligible for a sign-up bonus of $40. The maximum deposit before traders must contact their account manager is $10,000 (121,000 BWP) which gives them a sign-up bonus of $2,000 (24,000 BWP).

➡️ The Refer a friend bonus enables traders to earn between $50 and $250 when a referral opens a live account and deposits between $500 and $20,000 or more. The first investment placed on a trader’s suggestion will determine their earning potential.

How to open an Affiliate Account with AvaTrade

AvaTrade Review Affiliate Programs

👉 To register an Affiliate Account, Botswana Traders can follow these steps:

➡️ Navigate to the AvaTrade website and navigate to the “Partners” tab on the main menu of the homepage.

➡️ Click on “Become a Partner” and select whether a Person or Company is registering for the Affiliate Account.

➡️ Next, complete the 4-step registration and application as per the website instructions.

 

AvaTrade Affiliate Program Features

👉 AvaTrade’s global network of over 70,000 partners spans more than 150 countries. The AvaTrade affiliate program includes the following benefits:

➡️ Lucrative commission payments, with $250,000,000 in commissions that have been paid thus far

➡️ A secure, transparent trading environment

➡️ Customizable deals

➡️ Flexible commission structures

➡️ Robust marketing strategies

➡️ Reliable pay-outs

➡️ Innovative technology

➡️ Multilingual trading platforms

AvaTrade Customer Support

AvaTrade Customer Support

 

👉 AvaTrade provides exceptional customer service, particularly when compared to other brokers. AvaTrade’s live chat representatives are timely, friendly, and helpful, offering relevant information to enquiries.

☎️ Telephone/WhatApphttps://www.avatrade.com/about-avatrade/contact-us
🗺️ Website URLhttps://www.avatrade.com/
👛 Email[email protected]
📙 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

👉 There is currently no information regarding AvaTrade’s Corporate Social Responsibility.

Our Verdict on AvaTrade

👉 AvaTrade distinguishes itself by a diverse array of trading platforms and instructional information for novices – areas in which it was named Best in Class. Its trading range has almost quadrupled year over year, and spreads for customers classified as Professional Traders in the European Union are competitive.

 

👉 Overall, AvaTrade’s offering is strong, with a sophisticated in-house trading platform, a substantial quantity of highly valuable instructional information available at different levels, and multiple social and copy trading alternatives.

 

👉 The minor disadvantages are that spreads are not extremely competitive (about average), and inactivity fines are a little excessive. Additionally, sketching capabilities are not accessible on AvaTrade WebTrader or on the AvaTradeGO app, which is another drawback that needs attention.

 

👉 Three separate in-house applications are available for traders on the move, and AvaTrade’s solid regulatory background ensures that it is a broker worth trusting. We would suggest AvaTrade to novice and intermediate Botswanan traders alike.

AvaTrade Pros and Cons

✔️ Pros❌ Cons
Regulated by five Tier-1 regulators, which instils confidence and guarantees that traders are dealing with a legitimate brokerFixed spreads that are marked-up
There are over 1,250 financial instruments that can be tradedThere is a limited choice between account types
There are transparent trading and non-trading feesThere are limits on leverage for retail traders
AvaTrade guarantees trading fund protectionThere is an inactivity fee charged
There are no commissions charged on any tradesThere is no BWP-denominated account for Botswanan traders and there are no local deposit and withdrawal options or BWP deposit currencies
AvaTrade offers a selection of trading platforms that can be usedCurrency conversion fees may apply for deposits/withdrawals made in BWP
Trading strategies are not limited
There are no fees charged on deposits or withdrawals

FAQ

Is AvaTrade regulated?

Yes, AvaTrade is a fully licensed and regulated broker in each country, as it has all relevant licenses and regulatory duties in several regions. AvaTrade is well-regulated by the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.

 

How long does it take to withdraw money from AvaTrade?

If the account verification procedure has been completed and accepted by AvaTrade, it takes between 24 and 48 hours to execute a withdrawal request.

 

This is how credit cards, debit cards, and e-money are processed. Wire transfers might take up to ten business days to reflect in your account.

 

Does AvaTrade offer Nasdaq 100?

Yes, AvaTrade offers US_Tech100 (Nasdaq) to Botswanan traders. AvaTrade is devoted to giving Botswanan traders with the most up-to-date trading tips, tools, and expert coaching guidance to aid them in making NASDAQ 100 index trading selections.

 

Does AvaTrade offer Volatility 75?

AvaTrade does not yet provide the Volatility 75. However, you may diversify your portfolio by include different indexes such as the US 30 or the DAX 30.

 

Is AvaTrade good for Botswanan beginner traders?

AvaTrade is designed for the beginner investor seeking an introduction to FX and CFD trading. With a diverse product portfolio, competitive spreads, and a range of user interfaces, AvaTrade is great for inexperienced and undercapitalized traders looking to develop their skill sets.

 

Does AvaTrade have a no-deposit bonus for Botswanan traders?

No, AvaTrade does not offer a no-deposit bonus. When opposed to brokers that provide no-deposit bonuses, AvaTrade differentiates itself by periodically giving first-time sign-up bonuses, or welcome bonuses and a referral bonus, to traders who register a live account.

 

What is the overall rating for AvaTrade?

We score AvaTrade 9/10 in terms of regulatory status, the safety of funds, range of markets, range of trading software, and overall broker popularity and performance. AvaTrade is one of the best forex and CFD brokers in the world with many industry awards to back this statement.

 

While there are some things that the broker can work on, such as its choice in trading accounts and its fixed spreads, there are many features offered that will benefit different types of traders from Botswana.

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.

10/10 - (1 vote)

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