AvaTrade Review
AvaTrade is considered secure and can be summarised as dependable and trustworthy. AvaTrade is regulated by the elite FSCA and the FSA. AvaTrade is currently one of the most prestigious platforms, ranked with an overall trust score of 96% out of 100.
- Kayla Duvenage
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 100
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 Review – 23 key points quick overview:
- ✅ AvaTrade Overview
- ✅ AvaTrade at a Glance
- ✅ AvaTrade Regulation and Safety of Funds
- AvaTrade Awards and Recognition
- AvaTrade Account Types and Features
- How to open an Account with AvaTrade in Rwanda
- AvaTrade Vs SuperForex Vs FXCM – Broker Comparison
- AvaTrade Trading Platforms
- AvaTrade Range of Markets
- Broker Comparison for Range of Markets
- AvaTrade Trading and Non-Trading Fees
- AvaTrade Deposits and Withdrawals
- How to Deposit Funds with AvaTrade
- AvaTrade Fund Withdrawal Process
- AvaTrade Education and Research
- AvaTrade Bonuses and Promotions
- How to open an Affiliate Account with AvaTrade
- AvaTrade Affiliate Program Features
- AvaTrade Customer Support
- AvaTrade Corporate Social Responsibility
- Our Verdict on AvaTrade
- AvaTrade Pros and Cons
- FAQ
AvaTrade Overview
👉 Overall, 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). AvaTrade offers a single live trading account with the option between Retail and Professional.
👉 AvaTrade Accepts Rwandan Clients and has an average spread from 0.9 pips EUR/USD with no commission charges. AvaTrade has a maximum leverage ratio up to 1:30 on Retail Accounts and 1:400 on Pro Accounts, and there is a demo and Islamic account available.
👉 AvaTradeGO, MetaTrader 4, MetaTrader 5, and several other platforms are supported. AvaTrade is headquartered in Dublin, Ireland and is regulated by the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.
👉 AvaTrade is one of the most well-known and well-presented brokers in the world, with more than 300,000 satisfied customers worldwide. AvaTrade is a highly regulated broker with a stellar reputation in the industry.
👉 Account opening is simple, and there is a wide selection of trading instruments and user-friendly software, as well as a variety of methods for depositing and withdrawing cash. The high-tech access to an extended choice of instruments and different platforms, whether for manual, algorithmic, or social trading, that AvaTrade provides, is something that Rwandan traders will appreciate.
👉 This AvaTrade review for Rwanda will provide local retail traders with the details that they need to consider whether AvaTrade is suited to their unique trading objectives and needs.
AvaTrade Distribution of Traders
👉 AvaTrade currently has the largest market share in these countries:
➡️ South Africa – 15.25%
➡️ Italy – 6.02%
➡️ United Kingdom – 4.67%
➡️ Australia – 4.62%
➡️ United States – 3.74%
Popularity among traders who choose AvaTrade
👉 The fact that AvaTrade accepts traders regardless of their trading style or goals has earned the broker a position in the Top 20 FX and CFD brokers for Rwandan traders, even though the broker does not have a big market share in the country.AvaTrade at a Glance
| 🏙 Headquartered | Dublin, Ireland |
| 🏛 Global Offices | Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE |
| 💻 Local Market Regulator in Rwanda | The National Bank of Rwanda (BNR) |
| 💸 Foreign Direct Investment in Rwanda | 99.92 USD Million in 2020 |
| 🔄 Foreign Exchange Reserves in Rwanda | 1,806 million US dollars in 2020 |
| 🏛 Local office in Kigali? | No |
| 👨⚖️ Governor of SEC in Rwanda | None, John Rwangombwa is the Governor of the National Bank of Rwanda |
| ✔️ Accepts Rwandan Traders? | Yes |
| 🗓 Year Founded | 2006 |
| ☎️ Rwandan Traders 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) |
| ⚖️ BNR Regulation | No |
| 🏛 Regional Restrictions | Iran, Belgium, and the United States |
| ☪️ Islamic Account | Yes |
| 💻 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 an RWF Account? | No |
| 👥 Dedicated Rwandan Traders Account Manager? | No |
| 📊 Maximum Leverage | • 1:30 (Retail) • 1:400 (Pro) |
| 📈 Leverage Restrictions for Rwanda? | No |
| 💵 Minimum Deposit (RWF) | 102,000 Rwandan francs or an equivalent to $100 |
| ✔️ Rwandan franc Deposits Allowed? | No |
| 📊 Active Rwandan Traders Trader Stats | 50,000+ |
| 🤝 Active Rwandan Traders-based AvaTrade customers | Unknown |
| 🔄 Rwanda Daily Forex Turnover | Unknown, the overall trading volume of over $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 Rwandan Traders 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/RWF currency pair? | No |
| 📊 USD/RWF Average Spread | No |
| ✅ Offers Rwandan Traders Stocks and CFDs | No |
| 📖 Languages supported on the Website | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others |
| 📘 Customer Support Languages | Multilingual |
| 🗣 Copy Trading Support | Yes |
| 🚀Service description | financial instruments and multiple trading platforms, operating since 2006. |
| 📈 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 |
| 📈 Related lot sizes | Standard, Mini and Micro lots size |
| 🔎 Banned countries | US, North Korea, New Zealand, Iran, Belgium |
| 📊 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 |
| 👥 Sponsorship | Currently with Bolt |
| ⏰ Customer Service Hours | 24/5 |
| ✴️ 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 |
| 📞 Rwandan Traders-based customer support? | No |
| 💰 Bonuses and Promotions for Rwandan Traders | Yes |
| 💰 Bonus | 20% welcome bonus accordengly to regulation |
| 📚 Education for Rwanda beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🏅 Most Successful Rwandan Trader | Unknown |
| ✔️ Is AvaTrade a safe broker for Rwandan Traders? | Yes |
| 🎖 Rating for AvaTrade Rwanda | 9/10 |
| 🥇 Trust score for AvaTrade Rwanda | 93% |
| 👉 Open An Account | 👉 Open Account |
AvaTrade Regulation and Safety of Funds
AvaTrade Regulation in Rwanda
👉 AvaTrade is neither regulated nor supervised by the National Bank of Rwanda.
AvaTrade Global Regulations
👉 AvaTrade operates via several worldwide entities that are regulated and overseen in the following ways:
➡️ AVA Trade EU Limited is supervised and regulated in Ireland by the Central Bank of Ireland (CBI) under license number C53877.
➡️ Ava Trade Markets Limited is regulated and supervised in the British Virgin Islands by the British Virgin Islands Financial Services Commission (BVI FSC) under license number SIBA/L/13/1049.
➡️ Ava Capital Markets Australia Pty Ltd is regulated and supervised by the Australian Securities and Investments Commission (ASIC) under the regulatory and licensing number AFSL 406684.
➡️ Ava Capital Markets Pty is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under Financial Service Provider (FSP) license number 45984.
➡️ Ava Trade Japan K.K. is regulated and supervised by the Japanese Financial Services Agency (JFSA) and the Financial Futures Association of Japan (FFAJ) under license numbers 1662 and 1574, respectively.
➡️ Ava Trade Middle East Ltd is regulated, authorized, and supervised by the (ADGM) Financial Regulatory Services Authority (FRSA) under license number 190018.
➡️ DT Direct Investment Hub Ltd is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 347/17.
➡️ ATrade Ltd is regulated and authorized by the Israel Securities Authority (ISA) under license number 514666577.
➡️ AVA Trade EU Ltd is supervised by the Polish Financial Supervision Authority (KNF) under license number 693023.
➡️ Finally, AvaTrade via Friedberg Direct is supervised and regulated by the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian stock exchanges.
Client Fund Security and Safety Features
👉 Customers’ funds and the integrity of all trading platforms are of the utmost importance to AvaTrade, and the firm makes no compromises in this regard. AvaTrade’s unique safety measures include the following:
➡️ The use of 256-bit SSL encryption on the whole website
➡️ True-Site identification is included in the application.
➡️ Compliant with the American Institute for Certified Public Accountants (AICPA) WebTrust policy
➡️ To guard against both credit card fraud and identity theft, MacAfee Secure (HackerSafe) is used.
➡️ AvaTrade separates all customer money from its own assets in segregated accounts.
➡️ AvaProtect, a revolutionary risk management tool, is available via AvaTrade, allowing users to safeguard themselves against trading losses of up to $1.0 million.
AvaTrade Awards and Recognition
👉 AvaTrade’s most recent awards are as follows:
➡️ The ForexBrokers.com No.1 Innovation Award was presented to AvaTrade in 2021.
➡️ The CEO Reviews named AvaTrade the best brand in the world in 2021.
➡️ “Best Forex Broker Ireland” by The CEO Reviews in 2021. AvaTrade won.
➡️ In 2021, Global Business Review Magazine named AvaTrade the “Best Retail Broker UAE.”
➡️ When it came to the title of “Best Fixed Spread Broker,” AvaTrade took up the prize in 2021.
➡️ INVESTINGOAL awarded AvaTrade the title of “Best Mobile Trading Platform” in 2021.
AvaTrade Account Types and Features
👉 When Rwandan traders use AvaTrade, they are unable to pick between multiple account types. Instead of that, traders can opt for either a Retail or a Professional account.
👉 However, traders who qualify for a professional account must first complete the registration and verification of a retail account before they can change the account to a Professional option.
👉 Traders have a variety of trading alternatives accessible to them depending on their area and market regulator, which include as follows:
➡️ Europe (Ava Trade EU Ltd) – Retail, Professional, Options, and Spread Betting account.
➡️ Europe (DT Direct Investment Hub Ltd) – Retail, Professional, and Options account.
➡️ British Virgin Islands – Standard, Options
➡️ Australia – Standard, Options
➡️ South Africa and Rwanda – Standard, Options
➡️ Japan – Retail, Options
➡️ Abu Dhabi – Retail, Professional, Options
➡️ Israel – Standard, Options
AvaTrade Live Trading Accounts
Retail Investor Account
👉 This is the most basic account type given by AvaTrade, designed to meet the requirements of most traders in Rwanda, regardless of their trading expertise or experience. This account provides the following specific benefits to Rwandan traders:
| Account Features | Value |
| 💸 Minimum Deposit Requirement | 102,000 Rwandan francs or an equivalent to 100 units in ZAR, USD, GBP, or AUD |
| 💻 Base Account Currency Options | ZAR, USD, GBP, or AUD |
| 📈 Maximum Leverage | • 1:30 (Retail) • 1:400 (Professional) |
| 📊 Range of Markets offered | More than 1,250 tradable instruments |
| 📲 Trading Platforms | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💵 Commissions on trades | Commission-free |
| 📊 Average spreads | From 0.9 pips EUR/USD |
| ✔️ Margin Requirements | From 0.25% when using leverage of 1:400 |
| ☎️ Customer Support Channels | Social Platforms, Email Request, Telephone, WhatsApp, Live Chat |
| 📚 Educational Materials offered | Trading Videos, Trading For Beginners, Trading Rules, Technical Analysis Indicators and Strategies, Economic Indicators, Market Terms, Order Types, Blog, Online Trading Strategies |
| 🔨 Trading tools offered | AvaProtect, Trading Central, CFD Rollover, Economic Calendar, Trading Calculator, Earnings Releases, Analysis |
| ✅ Trading Strategies Allowed | All – scalping, swing trading, momentum trading, expert advisors, algorithmic trading, auto trading, etc. |
Professional Account
👉 To be eligible to utilize AvaTrade’s Professional Account, trading professionals must first create a retail account with the business. Traders interested in pursuing a career as professional traders must first open a retail account before proceeding.
👉 Professional Status and a Professional Account are available to traders who meet two of the following criteria.
➡️ Trading operations in a relevant financial market over twelve consecutive months, accompanied by proof of significant transactions in that market. This is based on an average trading frequency of 10 transactions each quarter in CFDs, FX, or spread betting in the financial markets for the past four consecutive quarters.
➡️ Before applying, traders must have a minimum of one year of experience in the financial services business.
➡️ The trader must have a minimum investment portfolio of €500,000 (or its equivalent in any other currency), consisting mostly of cash and financial instruments.
Options Trading
👉 AvaTrade trading enables Rwandan traders to acquire and/or sell a certain quantity of a financial instrument at a fixed price and within a predetermined period.
👉 When trading options, retail Rwandan traders have complete control over both the instrument and the amount invested. Apart from that, the trader retains total control over the price and time at which this specific item is traded.
👉 Options trades can be executed in a single trading day, or over a week, months, or even a year, depending on the conditions. AvaTrade allows Rwandan traders to select between Call and Put Options.
👉 Call options to provide the buyer with the right to purchase an asset at a certain price if specific requirements are met. Traders who believe the market is in a bullish phase at the time of purchase engage in this kind of options trading.
👉 On the other side, put options enable the buyer to sell the asset at a defined price. options Traders often make trades in these types of options when they believe the market is in a bearish phase at the time of purchase.
👉 To acquire ownership of an option, the buyer must pay a premium to the seller. When a trader purchases an option, he or she is responsible for paying the premium, and when the trader sells the option, the trader is responsible for getting the premium.
AvaTrade Base Account Currencies
👉 When Rwandan traders register an account with AvaTrade, they can choose between these base currencies:
➡️ ZAR
➡️ USD
➡️ GBP
➡️ AUD
AvaTrade Demo Account
👉 AvaTrade allows traders to establish a demo account on one of its trading platforms. Traders may practice their trading abilities in a risk-free environment while engaging in real-time market conditions with virtual money with this demo account.
👉 The demo account is free to use and is suitable for all types of traders, regardless of their degree of trading knowledge, talents, or experience.
👉 It is entirely up to traders how they utilize their accounts; they may use them to practice trading, test trading techniques, do fundamental or technical research, conduct in-depth market analysis, or just learn about AvaTrade.
AvaTrade Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 Muslims who follow Sharia law may object to swaps since they may be seen as a kind of interest. Muslim traders can open an Islamic Account at AvaTrade, which has the same trading conditions as the ordinary account but no extra fees or interest.
👉 The following features are also available to traders with an AvaTrade Islamic account:
➡️ Halal Gold and Silver Trading
➡️ Halal Oil Trading
➡️ Halal Indices Trading
➡️ Islamic Forex Trading
How to open an Account with AvaTrade in Rwanda
👉 AvaTrade’s account registration procedure is straightforward and can be completed in a matter of minutes. Visitors to AvaTrade’s official website can quickly sign up for an account by choosing the proper option for account registration on the homepage.
👉 Trades must be completed online, verified by email and paperwork submitted for verification before Rwandan traders may start trading.
👉 Traders will be able to fund their accounts and begin trading within minutes of this procedure is completed. Additionally, AvaTrade’s courteous customer support staff is there to help traders in any way possible.
AvaTrade Vs SuperForex Vs FXCM – Broker Comparison
| 🥇 AvaTrade | 🥈 SuperForex | 🥉 FXCM | |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | None | FCA, ASIC, CySEC, FSCA |
| 💻 Trading Platform | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade | • MetaTrader 4 • SuperForex App | • Trading Station • MetaTrader 4 • NinjaTrader • ZuluTrade • Capitalise AI • TradingView Pro • QuantConnect • MotiveWave • AgenaTrader • Sierra Chart • SeerTrading • NeuroShell Trader |
| 💵 Withdrawal Fee | No | Yes | Yes, bank wire |
| ✔️ Demo Account | Yes | Yes | Yes |
| 💰 Min Deposit | 102,000 RWF | 1,000 RWF | 51,000 RWF |
| 📊 Leverage | • 1:30 (Retail) • 1:400 (Pro) | 1:2000 | • 1:30 (FCA) • 1:400 (Other Reg) |
| 📈 Spread | Fixed, from 0.9 pips | From 0.0 pips | From 0.2 pips |
| 💸 Commissions | None | From 0.013% | $25 per $1m traded |
| 🛑 Margin Call/Stop-Out | • 25% – 50% (M) • 10% (S/O) | 80%/40% | 100%/50% |
| 📲 Order Execution | Instant | Market, Instant | Market |
| ✔️ No-Deposit Bonus | No | Yes | No |
| ✅ Cent Accounts | No | Yes | No |
| 💻 Account Types | • Standard Live Account • Professional Account Option | • Standard Account • Swap-Free Account • No Spread Account • Micro Cent Account • Profi STP Account • Crypto Account • ECN Standard Account • ECN Standard Mini Account • ECN Swap-Free Account • ECN Swap-Free Mini • Account ECN Crypto Account | • Spread Betting • CFD Trading • Active Trader • Professional Trader |
| ⚖️ BNR Regulation | No | No | No |
| 💵 RWF Deposits | No | Yes | No |
| ✔️ Rwandan franc Account | No | Yes | No |
| 📞 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 1 | 11 | 3 Retail, 1 Pro |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| 📈 Minimum Trade Size | Unlimited | None | 50 million per trade on Forex |
| 📊 Minimum Withdrawal Time | 24 to 48 Hours | Instant | Instant |
| ⏱ Maximum Estimated Withdrawal Time | Up to 10 days | 2 to 4 working days | Up to 2 working days |
| ✔️ Instant Deposits and Instant Withdrawals? | No | Yes, deposits | Yes |
Overall Rating
- 4.9/5
Min Deposit
USD 100
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 Trading Platforms
👉 AvaTrade offers Rwandan Traders a choice between these trading platforms:
➡️ AvaTradeGO
➡️ AvaOptions
➡️ AvaSocial
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ DupliTrade
➡️ ZuluTrade
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ ZuluTrade
MetaTrader 4
👉 Millions of traders across the globe use MT4, making it one of the most popular trading platforms available today. MT4 is a powerful trading platform that can be easily customized. Beginner traders may use it, while more experienced traders have access to all its features.
👉 On desktop PCs, MetaTrader 4 may be downloaded for free, and it has the most possibilities for automated trading robots on any platform.
👉 You may find robots and other add-ons, both free and paid, on the platform’s marketplace. MetaTrader 4 gives the greatest possibilities of any platform for automated trading robots.
MetaTrader 5
👉 The most recent edition of the MetaTrader platform includes a plethora of new capabilities that were previously unavailable. Powerful auto trading systems, as well as the capacity to mimic trading signals from other traders, are examples of such tools.
👉 Though the MetaTrader 5 platform has greater features and capabilities, most traders prefer the MetaTrader 4 platform, in part due to the enormous number of free courses and tools that are now available for it on the internet.
ZuluTrade
👉 ZuluTrade is one of the most well-known and efficient social trading platforms on the market today, according to its users. ZuluTrade allows you to see other traders’ trading tactics, which you can then use to duplicate their signals into your AvaTrade account if you are using the platform.
👉 Furthermore, by exploring and selecting the available alternatives, you may find trading strategies that are tailored to your specific risk preferences and requirements.
WebTrader Platforms
➡️ AvaTrade
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ DupliTrade
AvaTrade
👉 All traders will benefit from the AvaTrade WebTrader platform, which has a user-friendly interface and a modern design. There is no need to download anything since it works right away in most modern web browsers.
👉 When you are continually transferring between various mobile devices, this is a function that may be quite useful to you. Users of WebTrader may stay up with the market without having to spend a lot of time on technical or fundamental research.
👉 You may purchase and sell assets quickly and simply using AvaTrade, and you can see real-time information on the activities of the company’s traders. You may use this to make educated decisions about your investments depending on the current market mood.
MetaTrader 4
👉 Users of MetaTrader 4 could create, modify, and execute automated trading strategies. Each component of the software is required for automated or algorithmic trading to function properly. A complete package that includes the MQL4 integrated development environment and all its add-on modules.
👉 Some of the most important aspects of MT4 include, but are not limited to, the following:
➡️ Fast, flexible online trading on any device that is connected to the internet
➡️ Customizable charting
➡️ A range of technical indicators and fundamental market analysis
➡️ Expert Advisors
➡️ Price alerts
➡️ Copy-trading signals obtained from trusted providers
MetaTrader 5
👉 Because MQL5, a more sophisticated version of the MQL5 standard, is supported by MetaTrader 5, it makes it possible to design financial apps.
👉 MT5 has all the tools that a seasoned trader needs to succeed in today’s volatile markets. Switching between MetaTrader 4 and the trading platform is made easy by the fact that they are both designed in the same way. Some of the most important aspects of MT5 are as follows, however, they are not exhaustive:
➡️ Additional features and functions
➡️ A new interface that is better than that of MetaTrader 4
➡️ Unlimited charts that can be opened simultaneously
➡️ Multi-currency compatibility
➡️ A risk-free testing environment for expert advisors
DupliTrade
👉 With the DupliTrade MT4 platform, users could automatically replicate trading tactics in real-time while adjusting the degree of risk and trading style to their preferences. This program is for you if you want to learn how to build and manage a trading portfolio while also learning about various trading strategies.
Trading App
➡️ AvaTradeGO
➡️ AvaOptions
➡️ MetaTrader 4 and 5
➡️ AvaSocial
AvaTradeGO
👉 With the AvaTradeGO app, you can trade on the go from anywhere. This simple mobile trading software keeps you informed of global market movements and fresh trade opportunities.
👉 Manage your positions effortlessly using AvaTradeGO’s position management tools and charts. AvaTradeGO is a trading program that streamlines the process by providing feedback and help along the way.
👉 AvaTrade Account credentials allow you to manage several accounts and move between demo and real accounts to collect data.
AvaOptions
👉 This app makes trading options on the go simple. There are instruments to convey market ideas and maximize revenue, and you can also choose from over 40 FX pairs spread across major, minor, and exotic pairs.
👉 Rwandan traders can benefit from the market by using straddles, risk reversals, and spreads, among other strategies. With AvaOptions, you can control the risk and return on your portfolio based on your market expectations. AvaOptions’ risk management and portfolio modelling capabilities are thorough. Increase your trading power by using premium-based calls and options.
👉 Consistency is critical for efficient pricing, and AvaTrade enables you to manage several accounts from a single ticket.
MetaTrader 4 and 5
👉 Rwandan traders may use their AvaTrade account credentials to manage several MT4 accounts and to seamlessly switch between demo, legal, and competitive spread accounts. Rwandan mobile traders may easily access AvaTrade’s MetaTrader 4 and/or 5 trading platforms using their Android or iOS mobile smartphones.
👉 Traders now have access to an infinite number of markets and trading options because of the great advancements in mobile trading technology made available to Rwandan traders.
AvaSocial
👉 AvaSocial, a mobile application developed by AvaSocial, allows Rwandan traders to quickly get knowledge from some of the world’s most experienced specialists before making a move in the markets.
👉 You could use it to remain in touch with your trading colleagues while also automating your trading process. To take advantage of this, it has become a popular alternative for both newcomers and seasoned traders alike.
AvaTrade Range of Markets
👉 Rwandan Traders can expect the following range of markets from AvaTrade:
➡️ Forex
➡️ Stocks
➡️ Commodities
➡️ Cryptocurrencies
➡️ Treasuries
➡️ Bonds
➡️ Indices
➡️ Exchange-Traded Funds (ETFs)
➡️ Options
➡️ Contracts for Difference (CFDs)
➡️ Precious Metals
Financial Instruments and Leverage offered by AvaTrade
| 🔨 Instrument | ✔️ Number of Assets Offered | 📈 Maximum Leverage Offered |
| ➡️ Forex | 55 | 1:400 |
| ➡️ Precious Metals | 5 | 1:200 |
| ➡️ ETFs | 59 | 1:20 |
| ➡️ Indices | 33 | 1:200 |
| ➡️ Stocks | 625 | 1:10 |
| ➡️ Cryptocurrency | 20 | 1:25 |
| ➡️ Options | 53 | 1:100 |
| ➡️ Energies | 5 | 1:200 |
| ➡️ Bonds | 2 | 1:20 |
| ➡️ FXOptions | 24 | 1:100 |
Broker Comparison for Range of Markets
| 🥇 AvaTrade | 🥈 SuperForex | 🥉 FXCM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | Yes | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | Yes | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | Yes | No | No |
AvaTrade Trading and Non-Trading Fees
Spreads
👉 AvaTrade charges predefined spreads plus a markup to cover broker fees connected with the transaction. Additionally, AvaTrade functions as the single execution venue for all orders made via the firm’s order execution procedures as a Market Maker broker.
👉 AvaTrade acquires huge holdings from a few liquidity providers and then resells them to its customers to give them interbank market access. Rwandan traders are used to the following spreads:
➡️ EUR/USD – 0.9 pips
➡️ Stocks – 0.13%
➡️ Crude Oil – 0.029 pips
➡️ FXOptions – 0.9 pips
➡️ Cryptocurrency – From 0.02 pips on BTC/USD
➡️ Indices – From 0.03 pips
➡️ ETFs – 0.13%
➡️ Bonds – From 0.03 pips Over Market
Commissions
👉 Traders in Rwanda will not be charged a commission fee since AvaTrade charges a premium on its fixed spreads.
Overnight Fees, Rollovers, or Swaps
👉 The costs paid for overnight trading are determined by a few criteria, including whether Rwandan traders hold a long or short position, the size of that position, the kind of financial instrument exchanged, and the general market circumstances at the time Rwandan traders retain the position open.
👉 The following are some examples of usual overnight fees that might be expected:
➡️ EUR/USD – a short swap of -0.0015% and a long swap of -0.0060%
➡️ Stocks (Apple) – a short swap of -0.0165% and a long swap of -0.0168%
➡️ Gold – a short swap of -0.0082% and a long swap of -0.0085%
➡️ Silver – a short swap of -0.0082% and a long swap of -0.0085%
➡️ FXOptions (EUR/USD) – a short swap of -0.0015% and a long swap of -0.0060%
➡️ Indices – a short swap of -0.0082% and a long swap of -0.0085%
➡️ Cryptocurrency (BTC/USD) – a short swap of -0.0333% and a long swap of -0.0610%
➡️ ETFs – a short swap of -0.0165% and a long swap of -0.0168%
Deposit and Withdrawal Fees
👉 AvaTrade does not charge any deposit or withdrawal fees on any of the deposits or withdrawals methods supported by the broker.
Inactivity Fees
👉 An inactivity fee of $50 per month after a trading account has been dormant for up to three consecutive months. A fee of $100 is applied once the trading account has been inactive for 12 months.
Currency Conversion Fees
👉 When money is deposited or withdrawn in RWF, Rwandan traders could be subject to currency conversion fees.
Other Fees
👉 Since circumstances alter and change, there may be extra costs not included in this complete analysis of AvaTrade. Rwandan traders are recommended to thoroughly investigate all trading and non-trading costs before opening a live trading account and depositing cash.
AvaTrade Deposits and Withdrawals
👉 AvaTrade offers the following deposit and withdrawal methods:
➡️ Bank Wire Transfer
➡️ Credit/Debit Card
➡️ PayPal
➡️ WebMoney
➡️ Neteller
➡️ Skrill
Broker Comparison: Deposit and Withdrawals
| 🥇 AvaTrade | 🥈 SuperForex | 🥉 FXCM | |
| Minimum Withdrawal Time | 24 to 48 Hours | Instant | Instant |
| Maximum Estimated Withdrawal Time | Up to 10 days | 2 to 4 working days | Up to 2 working days |
| Instant Deposits and Instant Withdrawals? | No | Yes, deposits | Yes |
AvaTrade Payment Method and Processing Times on Deposits and Withdrawals
| Method | Country | BG | Currency | Time | Comments |
|---|---|---|---|---|---|
| CC (MasterCard/Visa) (Deposit/WD) | Global | ALL | ALL | Instant | |
| Bank Wire (Deposit/WD) | Global | ALL | ALL | Up to 5 days | |
| PayPal (Deposit/WD) | Austria, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, UK | Capital | EUR, USD,GBP, PLN | Instant | |
| Skrill (Deposit/WD) | Global | ALL | ALL | Instant | |
| Neteller (Deposit/WD) | Global | ALL | ALL | Instant | |
| P24 | Poland and Germany | Capital | USD, PLN | Up to 15 min | |
| Klarna/Sofort | Austria ,Belgium, Czech Republic, France, Germany, Hungary, Italy, Netherlands, Poland, Eslovakia, Spain, Switzerland, UK | Capital | EUR, USD | Up to 15 min | |
| Rapid Transfer | Austria, Belgium, Bulgaria, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Netherlands, Norway, Poland, Portugal, Spain, Sweden, UK | Capital | EUR, USD, GBP | Up to 15 min | |
| Ideal | Netherlands | Capital | EUR | Up to 15 min | |
| Poli | Australia | BVI + AVA AU | AUD, USD | Up to 15 min | |
| Boleto | Brazil | BVI + AVA AU | USD, EUR | Up to 7 days | PSP process the transaction in clients local currency |
| Perfect M (Deposit/WD) | Argentina, Bangladesh, Benin, Bolivia, Brazil, Burkina faso, Cameroon, Chile, Colombia, Costa Rica, Cote d'ivoire, Dominican Republic, Ecuador, Egypt, El salvador, Gabon, Ghana, Guinea-Bissau, Honduras, India, Iran, Iraq, Mali, Mexico, Niger, Nigeria, Oman, Pakistan, Palestinian Territory, Panama, Paraguay, Peru, Russian, Saudi Arabia, Senegal, Togo, Turkey, Uruguay, Venezuela, Viet nam, Yemen | BVI + AVA AU | USD | Instant | |
| Giropay (Sofortüberweisung) | Germany | Capital | EUR, USD | Up to 5 min | |
| Multibanco-Portugal | Portugal | Capital | EUR | Up to 15 min | |
| NetbankingUPI – India | India | BVI | USD | Up to 15 min | PSP process the transaction in clients local |
| OnlineBankLatam | Brazil, Mexico, Chile, Peru, Colombia, Costa Rica | BVI | USD | Up to 15 min | PSP process the transaction in clients local currency |
| Qrpay | South Africa | BVI | USD, ZAR | Up to 15 min | PSP process the transaction in clients local currency + USD |
| Ozow | South Africa | BVI | USD, ZAR | Up to 5 days | PSP process the transaction in clients local currency + USD |
| UPI | India | BVI | USD | Up to 15 min | PSP process the transaction in clients local currency |
| M-PESA | Kenya | BVI | USD | Up to 15 min | PSP process the transaction in clients local currency |
| PayRetailers | Brazil, Mexico, Chile, Peru, Colombia, Costa Rica | BVI | USD | Up to 15 min | PSP process the transaction in clients local currency + USD |
How to Deposit Funds with AvaTrade
👉 To deposit funds to an account with AvaTrade, Rwandan Traders can follow these steps:
➡️ Register for an AvaTrade live account and choose “Deposit” from the dropdown menu when you are logged in.
➡️ From the drop-down menu, pick “Fund Your Account” and then choose the deposit method that you want to use.
➡️ Make certain that the account into which the deposit will be made is the correct account.
➡️ Indicate both the amount of money to be deposited and the currency in which it is to be deposited.
➡️ Proceed with any additional steps required by your selected payment provider.
AvaTrade Fund Withdrawal Process
👉 To withdraw funds from an account with AvaTrade, Rwandan Traders can follow these steps:
➡️ You may withdraw funds by logging into the AvaTrade client portal and selecting “Withdraw” from the drop-down menu.
➡️ Make sure to complete the withdrawal request using the interface of your trading account.
➡️ Withdrawal requests must be sent through the website and will be processed according to the payment method that you chose for deposits, which can range from 24 hours up to 10 days.
AvaTrade Education and Research
Education
👉 AvaTrade offers the following Educational Materials:
➡️ Trading Strategies
➡️ Trading Ideas
➡️ Trader’s Blog
➡️ A demo account with virtual funds
➡️ Educational Articles
➡️ Educational Videos
➡️ Trading guides
➡️ Trading Rules
➡️ Market Terms
➡️ Order Types
Research and Trading Tool Comparison
| 🥇 AvaTrade | 🥈 SuperForex | 🥉 FXCM | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | No | Yes | Yes |
| AutoChartist | No | No | No |
| Trading View | Yes | No | Yes |
| Trading Central | No | No | No |
| Market Analysis | Yes | No | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
👉 AvaTrade offers Rwandan Traders the following Research and Trading Tools:
➡️ Earnings Releases
➡️ Fundamental Analysis
➡️ Trading Strategies
➡️ AvaProtect Risk Management
➡️ Trading Central
➡️ Technical Analysis Indicators
➡️ Economic Indicators
➡️ Economic calendar
➡️ Trading Calculators
➡️ Technical Analysis
AvaTrade Bonuses and Promotions
👉 AvaTrade offers Rwandan Traders the following bonuses and promotions:
➡️ A new account package is offered to newly enrolled traders who have never submitted their information previously till May 31. Rwandan traders who open a new trading account and deposit at least $200 (204,000 RWF) will get a $40 sign-up bonus. The highest amount required to qualify for the new account bonus is $10,000 (10,000,000 RWF), which entitles the player to a bonus of 2,000,000 RWF ($2,000).
➡️ Rwandan traders who promote friends and relatives to AvaTrade will get a $50-$250 referral incentive. This incentive is available when a referrer deposits at least $500 into a live account. Additionally, the Rwandan trader’s earning potential is decided by the first deposit made into their newly confirmed live account by their referral.
How to open an Affiliate Account with AvaTrade
👉 To register an Affiliate Account, Rwandan Traders can follow these steps:
➡️ Navigate to the AvaTrade website and choose “Partners” from the homepage’s main menu.
➡️ Select “Become a Partner” and indicate if the Affiliate Account is for a person or a company.
➡️ Finally, follow the website’s instructions to complete the four-step registration and application procedure.
AvaTrade Affiliate Program Features
👉 AvaTrade presently has over 70,000 partners in over 150 countries. Several of the AvaTrade partner program’s perks include the following:
➡️ Commissions paid to date total more than $250,000,000, which is a sizable sum of money.
➡️ A safe and transparent trading environment for all partners and referral sources
➡️ Deals can easily be customized to reflect the affiliate’s unique offering
➡️ Modifiable compensation structures are available
➡️ Partners may anticipate prompt and trustworthy pay-outs
➡️ Affiliates have access to innovative trading tools and technology
➡️ Multilingual trading platforms are available through a range of devices
➡️ AvaTrade demonstrates a dedication to client service.
AvaTrade Customer Support
👉 Customer service at AvaTrade is top-notch, particularly when compared to that of rival brokerages. Quick, kind, and knowledgeable, AvaTrade’s live chat representatives go beyond to answer any questions you may have.
| ☎️ Telephone/WhatApp | https://www.avatrade.com/about-avatrade/contact-us |
| 🗺️ Website URL | https://www.avatrade.com/ |
| [email protected] | |
| 📙 FAQ’s | www.avatrade.com/?s=FAQ |
| 🎓 Customer Service | https://www.avatrade.com/about-avatrade/contact-us |
| 📍 GDPR compliant T&Cs | https://www.avatrade.com/about-avatrade/legal-documentation |
AvaTrade Corporate Social Responsibility
👉 AvaTrade does not indicate any Corporate Social Responsibility policies or initiatives presently.
Overall Rating
- 4.9/5
Min Deposit
USD 100
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
Our Verdict on AvaTrade
👉 Overall, the AvaTrade Review demonstrates a broker with a diversified trading strategy and a distinct approach to the market and customers that has earned a trustworthy and recognized reputation.
👉 AvaTrade’s versatility in terms of platforms, currency pairings, and the amount of offered solutions is another significant plus. The broker charges a reasonable commission and provides good educational materials ideal for traders of all skill levels.
👉 AvaTrade offers competitive trading costs, a diverse selection of trading products, and a choice of a few trading platforms. AvaTrade provides some of the industry’s top trading tools, as well as an extensive library of instructional and market analytical products.
👉 AvaTrade, being one of the greatest all-around Forex brokers, will appeal to most traders. AvaTrade is also well-known for its award-winning mobile app, AvaTradeGO, which has robust risk management capabilities and a direct link to AvaSocial, AvaTrade’s famous social trading platform.
AvaTrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade is multi-regulated and one of the most trusted online trading brokers in the world | Variable spreads are not offered |
| There is a wide range of financial instruments that can be traded across financial markets | There is a limited choice between account types |
| There are several technical indicators, economic indicators, and other solutions for advanced traders | Inactivity fees are applied |
| There are several trading platforms to choose from | Currency conversion fees may be applied |
| There is a decent selection of educational material that helps beginner traders navigate complex instruments and lower the degree of risk they are often exposed to | There is a limited number of base currency options offered on accounts |
| There is a multitude of social trading opportunities offered | |
| The broker accepts any trading strategy including automated trading, expert advisors, scalping, hedging, and others. |
FAQ
Is AvaTrade good for scalping strategies?
Yes, AvaTrade offers a selection of trading platforms that are available through mobile and desktop devices. This facilitates effective scalping by ensuring that traders have consistent functionality across all devices.
Does AvaTrade offer Nasdaq 100?
Yes, AvaTrade offers Rwandan traders access to Nasdaq 100 alongside competitive trading conditions which include tight, fixed spreads and commission-free trading.
Is AvaTrade an ECN Broker?
No, AvaTrade is not an ECN Broker and therefore does not offer ECN Accounts. The retail account offered by AvaTrade features fixed spreads that include the broker fee, which means that Rwandan traders do not pay commissions on trades.
Is AvaTrade registered?
Yes, AvaTrade is a regulated broker in the European Union, Japan, Australia, South Africa, the United Arab Emirates, and the British Virgin Islands. Subsequently, AvaTrade is subject to very strict regulatory standards governing the broker’s handling of customer money, security, and financial reporting.
Does AvaTrade offer Volatility 75?
No, AvaTrade does not currently offer VIX but there are several other indexes that Rwandan traders can trade using either a Retail or a Professional Account.
Is AvaTrade regulated?
Yes, AvaTrade is a safe broker. 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).
How long does it take to withdraw funds from AvaTrade?
Withdrawals with AvaTrade range from 24 hours up to 10 days depending on the withdrawal method that is being used. The benefit of dealing with AvaTrade is that the broker does not charge any withdrawal fees on any payment methods supported.
What is the overall rating for AvaTrade?
We rate AvaTrade as 9/10 because of several factors that include its verified regulatory status as a safe and trusted broker, its trading conditions and low trading and non-trading fees, the choice between trading technology, education, and advanced trading tools.
However, AvaTrade does not offer Rwandan traders an RWF-denominated account or any local deposit/withdrawal methods.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with AvaTrade?
➡️ What was the determining factor in your decision to engage with AvaTrade?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with AvaTrade 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.
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