Review: AvaTrade Commissions, Deposits and Withdrawals Fees.

Review: AvaTrade Commissions, Deposits and Withdrawals Fees.

What is AvaTrade?

Avatrade is a broker and trading platform for CFDs on many financial instruments such as commodities and online currencies such as LiteCoin. In this article, we’re gonna discuss the Avatrade fees that you might incur whilst trading CFDs on the platform. 

The Avatrade platform is very well made for beginners. It’s great for experienced traders also with exceptional features that allow you to be effective in your trades!

The platform offers high-level education in the forms of webinars, articles, videos and courses that are available in almost all of their languages and it’s free for users.

AvaTrade is well designed and is quite clear, you can simply open a demo account with over $100,000 in virtual money to try and start trading. The platform has many unique educational features that we think is the key to getting more people involved in CFD trading as an investment possibility.

What is CFD trading?

A CFD – a contract for difference – is a representative unit of an asset that shows your position. Essentially, this market is all about speculation. If you think that the price of an asset will rise, you purchase 10,000 units or CFDs to show that position in the market. Now, if the price actually does go up, you would make a proportional profit.

Conversely, if the market moves against you, you would be in a loss for your purchase of the 10,000 CFDs have been devalued. When you trade CFDs, you’re not trading the underlying asset, there’s no real world market access. You only buy CFDs, a speculative representation of the asset. 

Whilst trading CFDs, the platform asks for basic Avatrade fees in terms of a spread.

Deposits and Withdrawals

Avatrade accepts deposits through credit cards, wire transfers and online transfers such as PayPal. Deposits by credit cards have a minimum deposit of $100 which is pretty much an industry standard for most countries. Deposits through wire transfers have a minimum of $500 whilst online deposits can depend based on your region.

The withdrawal process is quite straightforward. You need to verify yourself on the website by providing your ID and then the withdrawal will go into processing. This processing process can take about 1-2 business days after which your bank may take a few days to receive the payment. The withdrawal process can be made incredibly faster, however, with the Ava debit card, which can be used to withdraw funds at any time.

The Avatrade platform also has an Ava Select account. It can be accessed when deposits higher than $100,000 are made. Although this is a select category, it provides many attractive advantages! So if you’re a professional trader, the platform has many benefits. This account has benefits in terms of Avatrade fees and better customer support most of all.

For us, at WikiCrypto it’s one of the best on the market that offers top of the line features such as real time market analytics and free demos.

Fees on AvaTrade

AvaTrade charges traders a spread that varies across currencies. The spread is the minimum that a currency must move in order to generate a profit or a loss. Usually, the platform determines this spread based on the volatility and popularity of the coin. The spread goes directly to the company as a fee in order to carry out the transaction of CFDs.

Currency Spread Fee
Ethereum (ETH) $2.50 over market
Dash (DASH) $2.50 over market
Ripple (XRP) $0.0025 over market
Bitcoin (BTC) $16.00 over market

That’s all!

As you can see, that’s it for the Avatrade fees and it’s not excessive. That can push investors to trade CFDs on their platform. AvaTrade offers great user learning opportunities and a large number of financial instruments. Therefore, I think it’s a very versatile platform to use. The freedom that users can have to trade on any commodities they would want to speculate on makes Avatrade a great CFD platform. AvaTrade is really trustworthy and a great investment because of the security measures implemented!

So what are you waiting for?

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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