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Comprehensive Review dedicated to traders from SA

AvaTrade Review South Africa

Accepts South African Clients

Who is AvaTrade?

AvaTrade is an international broker operating in South Africa via its FSCA license. AvaTrade ZA was founded in 2006 and today has a local office in Johannesburg. The company supports in SA trading with up to 1:400 leverage. AvaTrade is an Official Global Partner of the renowned Aston Martin F1™️ Team.


The AvaTrade minimum deposit is $100, which equals roughly to 1 800 ZAR.

Regulated by:

FSCA

Financial Sector Conduct Authority, based in South Africa, license no 45984.

ASIC

Australian Securities and Investments Commission, based in Australia, license no 406684.

CBI

Central Bank of Ireland, based in Ireland, license no C53877.

Risk warning: Remember that forex and CFDs available at AvaTrade are leveraged products and can result in the loss of your entire capital.

Please ensure you fully understand the risks involved.

Pros

Competitive fees
Local regulation (Regulated by the FSCA)
Supports social trading
Access to MT4 and MT5

Cons

No ZAR account base currency
Not all assets are available on MT4
Limited educational resources
(no online webinars)

01


Assets

Trading assets

In total, there are over 700 trading instruments available at AvaTrade to traders from SA (All which are CFDs traded with leverage). These include:

  • Forex – AvaTrade supports speculation on 55 currency pairs. Here, you are going to find major, minor and exotic pairs. 2 of the available exotic pairs are traded against the South African rand -USD/ZAR, EUR/ZAR.
  • Stocks – In this asset category, you can find 616 stocks. Most of them are American or European.
  • Indices – DAX 30, S&P500, NASDAQ 100 and 25 other indices are tradable at AvaTrade.
  • Commodities – To trade crude oil, coffee, gold or silver, you can access the commodity section which offers 42 commodities.
  • Cryptocurrencies – AvaTrade features in this asset section 14 cryptocurrency pairs, including Bitcoin, Ethereum and Ripple.
  • ETFs – AvaTrade supports speculation on 59 ETFs that comprise of the world's most popular titles like S&P 500 SPDR, ProShares UltraPro Short QQQ or Financial Select Sector SPDR.
  • Bonds - Currently, here are 2 bonds - Euro-Bund and Japan Govt Bond.

Please note that while all the assets described in this paragraph are available on MT5, the same can't be said about their availability MT4. To find what assets are can be traded on MT4, visit AvaTrade, click in the menu on Trading info > Financial instruments.

Available Deposit & Withdrawal Methods

AvaTrade supports the following deposits and withdrawal methods

Supported Platforms by AvaTrade

AvaTrade supports the following trading platforms

02


Platforms review

Trading platforms of the broker

AvaTrade offers to South African traders access to two popular trading platforms - MT4 and MT5. Both these platforms can serve for executing trades as well as for technical and fundamental analysis. Among other things, the broker supports scalping and automated trading. You can either create your own Expert Advisors or you can follow and copy traders from the social trading platforms ZuluTrade and DupliTrade.

MT4 and MT5 can be used via a Web-Trader or downloaded to any PC, MAC or smart device. For mobile phones, AvaTrade also offers AvaTradeGO app which features some additional tools like the AvaProtect™ which allows you to protect a specific trade against losses of up to one million dollars over a chosen time frame. I believe this is basically a guaranteed stop-loss that costs a premium.

03


Fees, bonus

AvaTrade trading fees, deposit bonus

All trading fees are disclosed on the AvaTrade site, but let's review the most common ones. Among those, we have to mention the spread fee with which you will encounter the most often. AvaTrade spreads are fairly competitive and start on major currency pairs on 0.9 pips, the company charges 0% commission fees. 


AvaTrade also does not charge any deposit or withdrawal fees when using credit cards, wire transfers or e-payments. In South Africa, the wire transfers are processed on the broker's end via ABSA Bank.


If you stay in your position overnight, there is an overnight interest, which differs from an asset to asset. To see all trading-related fees, visit Avatrade > Trading info > Financial Instruments, here select an asset you want to trade and see all applicable fees.

Currently, AvaTrade runs a campaign during which it offers to South African traders a deposit bonus. The smallest amount you have to deposit to get a deposit bonus is 100 USD, which is also the AvaTrade minimum deposit required to start real trading. Here is the breakdown of deposit amounts and appropriate rewards.


100-599 USD = 30 USD Bonus

600-999 USD = 200 USD Bonus

1000-1999 USD = 300 USD Bonus

2000-2999 USD = 450 USD Bonus

3000-3999 USD = 600 USD Bonus

To see the availability of deposit bonuses as well as applicable terms and conditions, please visit AvaTrade > About > Trader Benefits.

Did you know?

AvaTrade has regulatory licenses across 5 continents with a wide global offices presence (including one in Johannesburg South Africa - Nelson Mandela Square Office towers West, 2nd Floor, Sandton)

04


Leverage

Leverage

South African traders can trade with AvaTrade with up to 1:400 financial leverage. Here is the breakdown of maximum leverage that can be used at AvaTrade depending on what asset category you trade.

Forex 1:400

Stocks 1:10

Bonds 1:20

Commodities 1:200

Indices 1:200

Crypto 1:25

ETFs 1:20