Exness Review
AvaTrade Account Types
Overall, AvaTrade Account Types 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.
- Louis Schoeman
Jump to:
Account Types Overview
Account Types
Account Features
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
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 at a Glance
| 🏛 Headquartered | Dublin, Ireland |
| 🌎 Global Offices | Australia, 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 Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2006 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Twitter • YouTube |
| ⚖️ Regulation | Central 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 Regulation | No |
| ✔️ Regional Restrictions | Iran, Belgium, and the United States |
| ☪️ Islamic Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 1 (Retail and Professional Option) |
| ✔️ PAMM Accounts | No, MAM |
| 💻 Liquidity Providers | Currenex, and other bank and non-bank entities |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Instant |
| 📊 Starting spread | From 0.9 pips |
| 📉 Minimum Commission per Trade | No Commission Charges |
| 💰 Decimal Pricing | 5 points after the comma |
| 📞 Margin Call | 50% on Retail, 25% on AvaOptions Accounts |
| 🛑 Stop-Out | 10% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ 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) | 1370 Botswanan Pula or an equivalent to $100 |
| ✔️ Botswana Pula Deposits Allowed? | No |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based AvaTrade customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Wire Transfer • Electronic Payment • Gateways • Credit Cards • Debit Cards |
| 💻 Minimum Withdrawal Time | 24 to 48 Hours |
| ⏰ Maximum Estimated Withdrawal Time | Up 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 description | financial instruments and multiple trading platforms, operating since 2006. |
| 💰 Bonus 20% | welcome bonus accordengly to regulation |
| 📊 USD/BWP Average Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 📊 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 |
| 🔎 Banned countries | US, North Korea, New Zealand, Iran, Belgium |
| 💻 Languages supported on the Website | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others |
| 📈 Related lot sizes | Standard, Mini and Micro lots size |
| 👥 Sponsorship | Currently with Bolt |
| ✴️ 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 |
| ☎️ Customer Support Languages | Multilingual |
| 📈 Account Types | Real Account, Demo Account, Islamic Account. Options Account |
| 📈 Demo Account Description | Free Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is AvaTrade a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for AvaTrade Botswana | 9/10 |
| 🥇 Trust score for AvaTrade Botswana | 93% |
| 👉 Open Account | 👉 Open Account |
AvaTrade Overview
AvaTrade is a forex broker located in Dublin that was established in 2006 and has won several awards. Although they provide their trading services in more than 150 countries across the globe, they do not accept customers from the United States.
They are a multinational corporation with offices and sales center located in Dublin, Paris, Milan, Sydney, and Tokyo, respectively.
AvaTrade has over 200,000 customers across the globe, and the total value of their monthly transactions exceeds $80 billion. Their website is accessible in 29 different languages, and they also provide multilingual support for their customers.
AvaTrade is the most well-known forex broker in the region, even though it operates on a global scale and is supervised by several national financial agencies, including ASIC, JFSA, and IIROC.
The clientele that the firm serves in the United Kingdom constitutes the primary focus of the organization’s attention currently.
AvaTrade has clients from around the world and these areas have the largest distributions:
➡️ United Kingdom – 9.8%
➡️ Italy – 7.9%
➡️ India – 6.6%
➡️ Ireland – 5.6%
➡️ South Africa – 5.5%
AvaTrade Account Types
AvaTrade’s trading accounts are kept simple, and there are choices for both retail and professional accounts. $100 / 1,370 BWP is the minimum first deposit to open an account. AvaTrade does not charge a commission for trading but does charge a fixed spread starting at 0.9 pips.
There is a nightly fee and an inactivity fee, which Botswanans must weigh considering their financial requirements and constraints.
AvaTrade does not provide accounts with zero spreads since spreads already contain all trading costs. However, because many day traders like trading with zero spreads, this might not be ideal for day trading or scalping strategies.
AvaTrade has a transparent fee schedule and does not currently charge any additional trading costs.
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | 💵 Commissions | 📈 Average Trading Cost |
| Standard Account | 1370 BWP/$100 | 0.9 pips | None | 9 USD |
| Professional Account | 1370 BWP/$100 | 1.2 pips | None | 12 USD |
| Islamic Account | 1370 BWP/$100 | 0.9 pips | None | 9 USD |
What are the different account types available with AvaTrade, and how do they differ?
AvaTrade offers several account types to cater to the diverse needs of traders. The primary account types include Standard, Gold, Platinum, and AvaSelect (VIP). The key distinctions among these accounts typically revolve around features such as minimum deposit requirements, leverage options, access to educational resources, and dedicated customer support.
Can I change my account type with AvaTrade after opening an account, and are there any associated fees or requirements?
AvaTrade generally allows traders to upgrade their account types to access additional benefits as their trading needs evolve. However, downgrading an account may not always be possible.
AvaTrade Account Features
AvaTrade provides Botswana retail traders with just one basic account, in addition to other variations and the option to register for a professional account if they qualify as professionals. A trader’s ability to establish a certain kind of account is limited by their jurisdiction and the regulatory constraints in their region.
Depending on where AvaTrade operates, the following retail investor account options are available to Botswana traders:
➡️ 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 Kenya – Standard, Options
➡️ Japan – Retail, Options
➡️ Abu Dhabi – Retail, Professional, Options
➡️ Israel – Standard, Options
Standard Account
AvaTrade’s Standard Retail Account is suitable for most beginner and intermediate traders since it offers the following features.
| Account Features | Value |
| 💰 Minimum Deposit Requirement | 1370 BWP or equivalent to 100 units in ZAR, USD, GBP, or AUD |
| ℹ️ Base Account Currency Options | ZAR, USD, GBP, or AUD |
| 📈 Maximum Leverage | • 1:30 (Retail) • 1:400 (Professional) |
| 📱 The range of Markets offered | More than 1,260 tradable instruments |
| 💻 Trading Platforms | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💵 Commissions on trades | None |
| 📊 Average spreads | From 0.9 pips EUR/USD |
| 💰 Margin Requirements | From 0.25% when using leverage of 1:400 |
| 🗣 Customer Support Channels | Social Platforms, Email Request, Telephone, WhatsApp, Live Chat |
| 📚 Educational Materials offered | Trading Videos, Trading for Beginners, Trading Rules, Technical Analysis Indicators and Strategies, Economic Indicators, Market Terms, Order Types, Blog, Online Trading Strategies |
| ✅ Trading tools offered | AvaProtect, Trading Central, CFD Rollover, Economic Calendar, Trading Calculator, Earnings Releases, Analysis |
| ✔️ Trading Strategies Allowed | All – scalping, swing trading, momentum trading, expert advisors, algorithmic trading, auto trading, etc. |
Professional Account
To utilize the Professional Account, traders must first establish a retail account with AvaTrade. The first stages to become a professional trader are account registration and subsequent approval.
Botswana traders may only open a professional account if at least two of the following conditions are met:
➡️ A minimum of twelve months of continuous trading activity on a relevant financial market, with proof of substantial transactions. Included are CFD, FX, and spread betting wagers with an average frequency of 10 each quarter during the prior four quarters.
➡️ Traders must have a minimum of one year of experience in financial services.
➡️ The entire value of the investor’s assets, including cash and financial instruments, must exceed €500,000 (or an equal amount in any other currency).
Options Trading
AvaTrade permits the trading of a specific quantity of a financial item at a preset price and within a predetermined period. Options trading gives retail traders more control over the instrument and the number of transactions. Traders may then choose their own price and trading window.
Options could be traded daily, weekly, monthly, and even annually. On AvaTrade, both Call options and Put options are accessible.
Purchasing a call option enables the buyer to purchase an asset at a fixed price. Traders that believe the market is experiencing bullish conditions adopt this options trading strategy.
Put options, on the other hand, let purchasers sell an asset at a preset price. Traders of options use this method when they believe the market is in a bearish phase.
The buyer must pay the seller a premium to acquire an option. Traders pay premiums when acquiring an option and get premiums when selling options.
Spread Betting
AvaTrade offers spread betting on over 200 financial instruments, including currency pairs and commodities, as well as indices, stocks, bonds, and ETFs (ETFs)
AvaTrade’s account currency is the British Pound Sterling (GBP), and the minimum transaction size is 0.10 lots. Despite having access to all available trading platforms, spread betting account users could only use MetaTrader 4 while trading on a retail or professional account with AvaTrade.
AvaTrade offers tax-free spread betting in addition to a vast array of markets.
What are some of the key features available with AvaTrade trading accounts?
AvaTrade offers a range of noteworthy features across its trading accounts. These features may include access to a diverse selection of financial instruments, encompassing forex currency pairs, commodities, indices, cryptocurrencies, and more. Traders can benefit from advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), equipped with powerful charting tools, technical analysis resources, and automated trading capabilities.
Can I access the same account features with all of AvaTrade’s account types, or do they vary depending on the account I choose?
AvaTrade’s account features can vary depending on the selected account type. While certain features, like access to the trading platform and basic trading instruments, are generally consistent across all accounts, specific attributes may differ.
AvaTrade Demo Account
The platforms of AvaTrade enable consumers to register a free demo account. This demo account allows traders to interact in genuine market conditions using virtual currency in a risk-free environment.
Regardless of their degree of trading skill or experience, all traders may profit from utilizing a demo account.
Botswana traders can use the demo account for whatever purpose they see suitable, including trading practice, testing trading tactics, fundamental research, technical analysis, and in-depth market analysis.
What is a demo account with AvaTrade, and how does it work?
AvaTrade’s demo account is a valuable tool that allows traders to practice and familiarize themselves with the world of online trading without risking real money. It operates on a simulated trading platform, providing users with virtual funds to execute trades in a risk-free environment.
Is there a time limit or expiration date for AvaTrade’s demo accounts, and can I switch to a live account at any time?
AvaTrade’s demo accounts typically do not have a time limit or expiration date. Traders can use them for an extended period to hone their skills and test strategies.
AvaTrade Islamic Account
Muslims adhering to Sharia law may profit from an Islamic Account since it is tailored to meet their specific requirements. The Sharia prohibits the payment of interest, including overnight fees, since its believers see it as wasteful or exploitative.
This kind of account exempts traders from overnight fees or interest if they hold positions open for a long time after the trading day has finished. Using the Islamic Account option on AvaTrade, Muslim traders can trade without paying extra fees or interest charges.
This account is comparable to the normal account with the exception that it does not support cryptocurrencies and Rollovers are limited to specific exotic FX pairings.
The following are additional features of an AvaTrade Islamic account:
➡️ Halal Gold and Silver Trading
➡️ Halal Oil Trading
➡️ Halal Indices Trading
What is an AvaTrade Islamic Account, and how does it differ from other account types?
An AvaTrade Islamic Account, also known as a Sharia-compliant account, is designed to cater to traders who wish to trade in compliance with Islamic finance principles. The primary distinction is that it eliminates overnight interest charges (swap or rollover fees) typically associated with holding positions overnight in conventional trading accounts.
Are there any specific eligibility criteria or requirements to open an AvaTrade Islamic Account?
To open an AvaTrade Islamic Account, traders usually need to meet specific eligibility criteria. This typically involves providing documentation or a statement confirming their adherence to Islamic finance principles and their commitment to Sharia law.
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
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 Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanan traders are free to use any trading strategy, including hedging, scalping, EAs, and others | There are inactivity fees applied to dormant accounts with AvaTrade |
| AvaTrade offers a plethora of educational materials to beginner traders | Variable spreads are not offered |
| Experienced Botswanan traders have access to a range of sophisticated tools and resources | AvaTrade only offers a single retail trading account |
| Botswanans can choose from over 1,260 instruments that can be traded via MT4, MT5, AvaTradeGO, and other platforms | Botswanans cannot register a BWP-denominated trading account with AvaTrade |
| Botswanans have a few account options according to their unique needs and objectives | The demo account expires after 21 days |
| There is a free demo account offered | |
| Islamic Traders have a range of halal trading options when they deal with AvaTrade |
Verdict on AvaTrade
Overall, AvaTrade is very competitive in terms of its trading fees and spreads.
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Frequently Asked Questions
Is AvaTrade a trusted broker?
Yes, AvaTrade is a trusted broker. AvaTrade is a multi-regulated STP and Market Maker broker with a high trust score of 93%.
Does AvaTrade have an office in Botswana?
AvaTrade only has offices in Australia, Ireland, South Africa, Japan, the British Virgin Islands, and UAE.
Can I get a no-deposit bonus from AvaTrade?
No, AvaTrade does not currently offer a no-deposit bonus to Botswanan traders.
Can I open a Cent Account with AvaTrade?
No Cent Account is offered, only a retail or professional account.
Does AvaTrade have a free demo account?
AvaTrade offers a free demo account that can be used on all trading platforms for 21 days.
Conclusion
Now it is your turn to participate:
Do you have any prior experience?
What was the determining factor in your decision to engage?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues 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.
