Search
CloseOpen
AvaTrade Minimum Deposit
Back to blog categories

AvaTrade Minimum Deposit and Payment Methods

AvaTrade is one of the top brokers at present because of all the features and benefits they offer. Their deposit methods and payment details are another proof of the convenience they want to provide the traders. So, if you are interested in getting on AvaTrade, here is all you need to know about making your first deposit.

Details of AvaTrade Minimum Deposit

The lowest deposit amount is dependent on the base currency that you use for your account. You can make the deposits through debit cards, credit cards, e-wallets, cryptocurrencies, or wire transfers. AvaTrade does not charge an additional fee for making deposits. So, the entire money you deposit is reflected in your account.

Here is an outline for minimum deposit for AvaTrade:

  • EUR account: €100
  • USD account: $100
  • AUD account: AUD $100
  • GBP account: £100

Only Australian customers can use AUD, while only the UK customers can rely on GBP. All customers from the European nations will need an account verification before making minimum deposit AvaTrade.

The deposit amount also influences the AvaTrade bonus.

How to Deposit Funds on AvaTrade

There are multiple AvaTrade deposit methods available for the convenience of the traders. In any case, here is the process to follow to deposit funds on the platform.

  • Step 1: Log in to the AvaTrade account and click on the ‘Deposit’ section.
  • Step 2: Click on the option that says ‘fund your account’ and choose the payment method you prefer.
  • Step 3: Click on the drop-down menu and choose the particular trading account where you want to make the deposits.
  • Step 4: Enter the amount that you want to deposit and add other details of your chosen payment method in the respective fields.
  • Step 5: Check to make sure that you have entered all the details correctly. Click on the ‘deposit’ option.

If you are trying to make an AvaTrade deposit from a European bank, you should get a 3D security authentication code after clicking the ‘deposit’ option. It is a security feature enabled for all online debit or credit card transactions. In case you did not receive the 3D secure code, make sure to contact your bank for help.

Available Currencies on AvaTrade

Like all trading accounts, AvaTrade also has certain base currencies. Base currency refers to the currency in which your broker holds your deposited money. Brokers like AvaTrade let you have multiple trading accounts with separate base currencies. So, you can have both EUR and USD based accounts on the platform.

AvaTrade supports six base currencies, which are all major currencies, such as EUR, GBP, AUD, and USD.

However, the platform does not support the minor currencies. They will not have to do any conversion if you choose to deposit using one of the major base currencies. But if you choose an unsupported minor currency, AvaTrade converts your deposit and charges you a currency conversion fee. Now, the currency conversion fee is nothing huge but you still need to be aware of it.

Available Deposit Methods on AvaTrade

AvaTrade supports all the popular payment methods. So, you are sure to find a payment mode that suits you. Given below are the details of the payment methods supported by AvaTrade:

  • Bank or wire transfers – All you need to do is enter your bank account details at the right places. Make sure you use a bank account that is in your name. You can start a bank transfer after that as usual.
  • Debit or credit cards – This one works just as it does in case of all other purchases you make. If you enter the card details and the authentication code, the money will be deducted from your account as usual.
  • Online wallets like Paypal, NETELLER, WebMoney, and Skrill – It works the same way as other online purchases. You need to enter the credentials like your password and username to complete the transaction.

AvaTrade Minimum Deposit - Conclusion

The transfer time differs as per the method you choose. Wire or bank transfers typically need two to three days. All other payment methods need not more than a few hours or happen instantly. AvaTrade has a dedicated customer support helpline. So, if you have any doubts or queries about payments, you can get in touch with them.

Back to blog categories