AvaTrade Minimum Deposit

AvaTrade minimum deposit in naira is NGN 108,000 (US$100)

If you’re a trader and considering trading CFDs and the forex markets with AvaTrade, you’ll likely have one question in mind: “How much do I need to get started?”. Let’s break down their minimum deposit requirements, payment options, timelines, and other things you should know before you jump in.

What is the minimum deposit for AvaTrade?

The minimum deposit to open a live trading account with AvaTrade in Nigeria is NGN 108,000 (US$100) (or your account currency equivalent). However, remember this minimum deposit is just the amount to unlock your account. If you want to execute big trades or use certain strategies, you’ll probably want a larger starting balance. AvaTrade offers only one trading account type, which is the Real Account.

This account is discussed further in our AvaTrade review.

Accepted Deposit Methods on AvaTrade Nigeria

AvaTrade offers a range of ways to deposit into your trading account:

1) Credit/Debit Cards (Visa, MasterCard): You can use your credit or debit card to make a deposit on AvaTrade. You need to deposit a minimum of ₦108,000, and your account will usually get credited instantly.

You can also withdraw funds to your card – you need a minimum of ₦1,080 ($1) to withdraw, and while AvaTrade processes it within 24-48 hours, expect it to take up to 5 business days for the money to actually appear in your bank account.

AvaTrade generally won’t charge you fees for card transactions. But your card processor may charge an independent fee on their end.

2) Bank Wire Transfers: If you want to deposit larger sums, AvaTrade offers bank transfer option deposit. The minimums for both deposits and withdrawals are the same – ₦108,000 (US$100).

It usually takes up to 10 business days for deposits to clear and appear in your trading account. It also takes about 10 business days for the money to hit your bank account after initiating a withdrawal.

AvaTrade typically offers free deposits and withdrawals but your bank might charge some independent fees for bank wire transfers.

3) E-wallets (Skrill, Neteller, and others): E-wallets are supported for deposits and withdrawals on AvaTrade.

The minimum deposit on AvaTrade is ₦108,000 (US$100). Deposits are usually credited to your account within 24 hours.

If you are withdrawing, the minimum amount is ₦1,080 ($1) and AvaTrade processes it within 24-48 hours. The funds should then hit your e-wallet within a day or two. Your payment processor may charge an independent, but AvaTrade offers free deposits and withdrawals.

AvaTrade Deposit Methods Table

Here is a summary of funding methods supported by AvaTrade for funding.

AvaTrade Deposit Rules

1. Deposit Fees: While AvaTrade itself doesn’t usually charge deposit fees or withdrawal fees, you should double-check with your bank or payment provider in case they have their own separate costs.

2. Deposit Time: You can initiate deposits and withdrawals from your trading account at any time, on any day. However, in cases where instant processing is not feasible, you may experience a wait time of up to 24 hours for deposits and up to a few days for withdrawals.

3. Payment Source: Funds must come from bank accounts, cards, or e-wallets in your own name, that is the name that is on your trading account. Third-party deposits or withdrawals aren’t allowed.

Be prepared to verify your identity and address – this is required by regulators to prevent things like money laundering.

4. Currency Conversion Fee: If you deposit in local currency and your account is in USD then there may be a conversion charge from your bank.

How do I deposit money into my AvaTrade account?

Step 1) Log in to your AvaTrade client area via myvip.avatrade.com.

Step 2) On menu bar that is to the left, select ‘Deposits’, then select ‘Fund Your Account and choose preferred deposit method.

Step 3) Choose the preferred deposit method you want to use.

Step 4) Input the amount you want to deposit, then provide the required information (like your card number or e-wallet credentials).

Step 5) Review everything carefully and click the “Deposit” button.

Note: Please keep in mind that AvaTrade only approves deposits from accounts or payment methods that bear the same name as your AvaTrade trading account.

Comparison Of AvaTrade Minimum Deposit With Other Brokers

Here is a comparison of AvaTrade minimum deposit with that of their competitors.

AvaTrade Minimum Deposit Nigeria FAQs