AvaTrade Minimum Deposit
Overall, AvaTrade Minimum Deposit amount required to register a live trading account is $100, this minimum deposit is equivalent to 1370 Botswanan Pula. 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).
- Louis Schoeman
Jump to:
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minimum Deposit
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 Minimum Deposit
AvaTrade charges a minimum deposit amount of 100 USD.
According to the current exchange rate between USD and BWP, this sum is equivalent to 1,200 Botswanan Pula.
AvaTrade is not yet subject to any rules or licensing with the following Botswanan regulators:
Ministry of Finance and Economic Development (MFED)
Bank of Botswana (BoB)
Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
AvaTrade considers the security of client funds to be the company’s basic value, and no effort is spared to ensure the security of customer funds and the integrity of all trading platforms. To ensure that it can retain its licensing, AvaTrade keeps all client funds away from the broker account.
All funds are kept in top-tier financial institutions and AvaTrade uses embedded True-Site identity, 256-bit SSL encryption, McAfee Secure, and more. AvaTrade also provides Botswanans AvaProtect, which is a robust risk management tool that helps traders protect themselves and their capital.
What is the minimum deposit required to open an account with AvaTrade?
The minimum deposit required to open an account with AvaTrade can vary depending on the type of account you choose and your region. Generally, AvaTrade offers different account types, including a Standard Account, a Gold Account, a Platinum Account, and others.
Can I start trading with AvaTrade with an amount lower than the minimum deposit requirement?
AvaTrade’s minimum deposit requirement is set to ensure that traders have sufficient capital to engage in trading activities. Attempting to start trading with an amount lower than the specified minimum deposit may not be possible, as it might not meet the broker’s account funding requirements.
AvaTrade Deposit fees and deposit methods
Botswanans may deposit the 1370 BWP when they open an account with AvaTrade using any of the following methods:
Bank Wire Transfer
Credit/Debit Card
PayPal
WebMoney
Neteller
Skrill
When making a minimum deposit into a live trading account with AvaTrade, Botswanan traders can choose between these deposit currencies:
USD
EUR
GBP
CHF
AUD
Does AvaTrade charge deposit fees when funding my trading account?
AvaTrade typically does not impose deposit fees when you add funds to your trading account. However, it’s important to note that while AvaTrade itself doesn’t charge deposit fees, your chosen payment method or financial institution may have its own fees or conversion costs associated with depositing funds into your trading account.
What deposit methods are available for funding my AvaTrade trading account?
AvaTrade offers a range of deposit methods to cater to the diverse needs of traders. These methods typically include:
- Credit/Debit Cards
- Bank Transfers
- Electronic Payment Systems
- Local Payment Methods
- Cryptocurrency Deposits
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‘
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 |
| The minimum deposit amount is an industry standard, making it low enough even for beginners | Only EU and Australian traders can use electronic payment gateways |
| AvaTrade does not charge any deposit or withdrawal fees | BWP deposits can attract currency conversion fees |
| Botswanans can choose from a few reliable options to finance the trading account | |
| Trader funds are kept away from the broker account | |
| AvaTrade is subject to frequent audits to ensure that the broker can fulfil its financial obligations |
Verdict on AvaTrade
Overall, AvaTrade is very competitive in terms of its trading fees and spreads.
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Frequently Asked Questions
What is AvaTrade’s minimum deposit?
The minimum deposit when registering an account with AvaTrade is 100 USD / 1,370 BWP.
Can I open a BWP-denominated account with AvaTrade?
No, AvaTrade does not support BWP as a base currency for a trading account.
What does AvaTrade do with my money?
AvaTrade keeps all client funds in bank accounts with some of the best financial institutions worldwide. These funds are not held in the broker account and cannot be used for operational purposes.
How much will it cost to finance an AvaTrade account?
You do not pay any deposit fees when you pay the minimum deposit.
How long will it take for my deposit to reflect in my AvaTrade Account?
It can take 24 hours on electronic payments and bank cards to 10 days on bank wire.
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.
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.
