Exness Review
AvaTrade Fees and Spreads
Overall, AvaTrade Fees and Spreads start from the average spread of 0.9 pips EUR/USD, and the commission depends on the trading account the trader is using. Avatrade charges deposit fees of $100 USD, which is equivalent to 1,200 Botswanan Pula, at the time of writing.
- Louis Schoeman
Jump to:
Fees and Spreads Overview
Additional Trading Fees
Broker Fees
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 Fees and Spreads
The spread list for AvaTrade starts from 0.9 pips on major instruments.
The fixed spreads on AvaTrade are marked up to account for the broker’s compensation for putting the trade together. In addition, AvaTrade provides its clients with an instrument market and serves as the exclusive execution site for all orders.
Customers may access the interbank market via AvaTrade. The broker buys and sells large positions using a few liquidity sources. Botswanan traders might anticipate the following spread lists:
EUR/USD – 0.9 pips
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
What fees should I be aware of when trading with AvaTrade?
AvaTrade charges various fees that traders should be mindful of. First and foremost, there’s the spread, which is the difference between the buying and selling prices of a financial instrument. The spread can fluctuate based on market conditions and the asset being traded, with major currency pairs generally having tighter spreads.
How can I optimize my trading costs by managing spreads with AvaTrade?
To optimize your trading costs when using AvaTrade, particularly in terms of spreads. Consider trading major currency pairs as they generally feature narrower spreads compared to exotic or minor pairs. AvaTrade offers different account types, including floating and fixed spread accounts, so choosing the one aligning with your trading strategy can help enhance cost predictability.
AvaTrade Additional Trading Fees
Commissions
AvaTrade does not charge any commissions on trades because the broker fees are already included in the average spreads that Botswanans can expect.
Overnight Fees, Rollovers, or Swaps
AvaTrade multiplies the position’s value by the overnight interest rate to calculate overnight fees. Botswanan traders can read a full list of all financial instruments with overnight fees on the AvaTrade website.
The following are some common overnight fees for retail traders:
| 🔧 Instrument | 🔃 Long (Buy) Swap | 🔄 Short (Sell) Swap |
| EUR/USD | 0.0060% | 0.0015% |
| Stocks | 0.0168% | 0.0165% |
| Gold | 0.0085% | 0.0082% |
| Silver | 0.0085% | 0.0082% |
| FXOptions – EUR/USD | 0.0060% | 0.0015% |
| Crypto – BTC/USD | 0.0610% | 0.0333% |
| ETFs | 0.0168% | 0.0165% |
AvaTrade allows Muslims to convert their retail account into an Islamic account, exempting them from trading-related interest. The Islamic account replicates retail account features, which include 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 provide spread betting services to Botswanan traders, only those in the United Kingdom. Therefore, Botswanans need not worry about being subject to spread betting fees.
What are AvaTrade’s additional trading fees, and when might I encounter them?
AvaTrade may charge additional trading fees in specific situations. These fees include currency conversion fees, which are applicable when you trade assets in a currency different from your account’s base currency. To minimize these fees, consider aligning your account’s base currency with the currencies of the assets you trade most frequently. Additionally, AvaTrade may impose inactivity fees if your account remains dormant for an extended period.
Is it possible to reduce or avoid AvaTrade’s additional trading fees?
To mitigate or bypass AvaTrade’s additional trading fees, consider the following strategies. Firstly, choose your account’s base currency wisely to match the currencies of your preferred assets, reducing currency conversion fees. Secondly, maintain regular trading activity in your account to prevent inactivity fees, even with small trades.
AvaTrade Broker Fees
Deposit and Withdrawal Fees
AvaTrade does not charge any deposit or withdrawal fees when Botswanan traders make deposits or request withdrawals.
Inactivity Fees
These are typical broker fees which are applied to dormant accounts. AvaTrade levies a $50 inactivity fee for three consecutive months of inactivity. This sum is deducted monthly until the account’s trading balance reaches zero.
However, if the trading account is inactive for twelve consecutive months, an administrative fee of $100 will be assessed.
Currency Conversion Fees
AvaTrade does not accept the Botswanan Pula (BWP) as the foundation currency for trading accounts. Therefore, Botswana residents might be charged currency conversion costs while making deposits or withdrawals in BWP.
What are the main broker fees associated with AvaTrade, and how do they affect my trading costs?
AvaTrade, like most brokers, charges several fees that traders should be aware of. The primary fee you’ll encounter is the spread, which is the difference between the buying (ask) and selling (bid) prices of a financial instrument. This spread can vary depending on the asset being traded and market conditions, with major currency pairs typically having narrower spreads.
Are there ways to reduce or optimize AvaTrade’s broker fees to enhance my trading experience?
Certainly, there are strategies to optimize your trading costs with AvaTrade. Firstly, consider trading major currency pairs as they tend to have tighter spreads compared to exotic or minor pairs. AvaTrade also offers both floating and fixed spread accounts, allowing you to choose an account type that aligns with your trading style and preference for cost predictability.
AvaTrade Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| When Botswanans make a deposit, they are not charged any deposit fees | The spreads are marked-up to cover broker fees |
| There are no withdrawal fees charged on any payment methods | Inactivity fees will apply if Botswanans let the account go dormant |
| AvaTrade is transparent about its spread list, swap fees, and all other trading and non-trading fees | There is only a single retail account offered |
| AvaTrade offers user-friendly platforms |
Verdict on AvaTrade
Overall, AvaTrade is very competitive in terms of its trading fees and spreads.
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Frequently Asked Questions
What will AvaTrade charge per trade?
The average cost per trade is 9 USD. AvaTrade only charges the spread, and Botswanans need not worry about commissions on their trades.
What commissions does AvaTrade charge?
AvaTrade does not charge any commissions on trades. Instead, the broker fees are included in the spread, which starts from 0.9 pips EUR/USD.
What are the spreads I can expect from AvaTrade?
You can expect average spreads that start from 0.9 pips. These fixed spreads make it easier for Botswanans to calculate their trading costs.
Will I pay fees when I deposit or withdraw funds?
No, there are no withdrawal fees charged. However, you might face processing fees from your payment provider.
Can I trust AvaTrade with my money?
Yes, AvaTrade is a well-regulated broker with a high trust score.
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
