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Yes, AvaTrade does offer a demo account. Traders can navigate to the AvaTrade website and select the “Demo Account” option to open a demo account. Trading in a safe environment is great for beginner traders that are new to trading.
AvaTrade at a Glance
| Broker | Avatrade |
| ? FSCA regulated | Yes |
| ? Time to open an account | 1 day |
| ?️ Service Description | CFD Regulated broker with +1000 financial instruments and multiple trading platforms, operating since 2006. |
| ?Bonus | Open a trading account in 1 minute and receive up to $10 000 Bonus. |
| ? Sign Up Bonus | 20% welcome bonus accordingly to regulation |
| ?Publicly Traded (Listed Company) | No |
| ?️ Country of regulation | Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Polish Branch. |
| ?Trust Score | 94% |
| ?Live support | 24/5 |
| ? MetaTrader 4 (MT4) | Yes |
| ? MetaTrader 5 (MT5) | Yes |
| ?Trading Islamic Account | Yes, available |
| ?CFDs – Total Offered | 681 |
| ?CFD Stock Indices | Yes |
| ?CFD Commodities | Yes |
| ?CFD Bonds | Yes |
| ?Tier-1 Licenses | 3 |
| ?Tier-2 Licenses | 3 |
| ?Tier-3 Licenses | 3 |
| ? Deposit with credit card | Yes |
| ? Demo Trading Account | Yes |
| ? Number of base currencies supported | 5 |
| ? Spreads | 0,9 pips |
| ?Leverage | 1:400, EU – 1:30 and 1:400 (Professional Accounts) |
| ?Currency Pairs (Total Forex pairs) | 60 |
| ? Withdrawal fee amount | Zero |
| ? Trading fees class | Very Low |
| ? Minimum deposit | $100 |
| ? Inactivity fee charged | Yes |
| ? Depositing with electronic wallet | Yes |
| ? Demo account provided | Yes |
| ✔️Apple iOS App | Yes |
| ✔️Android App | Yes |
| ? Year of Foundation | 2006 |
| ? Number of Employees | 300+ |
| ? Number of clients | +400 000 clients |
| ? Website Languages | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish. |
| ? Account currencies | AUD, JPY, GBP, USD, EUR, CHF |
| ? PAMM | MAM/Mirror (depending on GEO) |
| ✔️ Scalping Allowed | Yes |
| ✔️ Scalping | Millisecond trading |
| ?️ Hedging | Open Buy & Sell positions simultaneously |
| ? Instruments Offered | 850+ |
| ? Trading 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 |
| ? Account Types | Real Account, Demo Account, Islamic Account. Options Account |
| ✔️Safety of Funds | segregated accounts and negative balance protection |
| ? Demo Account Description | Free Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation |
| ? Sponsership | Currently with Bolt |
| ? Related Regulations | – AVA Trade EU Ltd is regulated by the Central Bank of Ireland.
(No.C53877) |
| ? Partnership | Trading Central |
| ? Education | Sharp Trader, Videos, Articles, Webinars, eBook. |
| ? Fees and Commissions | Forex/CFD overnight interest, No margin interests, No commissions (unless stated otherwise) |
| ? Trading Platforms | MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader |
| ? Mobile trading | AvaTradeGO (only with MT4), MetaTrader 4, MetaTrader 5, AvaProtect |
| ? Automated Trading | MQL5 Signal Service, API Trading, DupliTrade, ZuluTrade |
| ?Social Trading | Yes, Ava social trading |
| ? South African Office Address | 2nd Floor, Nelson Mandela Square Office towers West, Sandton, Johannesburg, 2196 |
| ☎️ South African Telephone Number | 010 594 1353 |
| ❌ 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. |
| ?? ZAR accounts | Yes, Avatrade offers ZAR trading accounts |
| ?Affiliate Program | Yes, up to 50% + commission |
| ? Open an account | ? Click Here |
A Quick Overview of our Demo Account Review:
AvaTrade Demo Account Features- How to set up an AvaTrade Demo Account – Step by Step
- AvaTrade Pros and Cons
- AvaTrade Customer Reviews
- Conclusion
- Frequently Asked Questions
AvaTrade Demo Account Features
AvaTrade’s demo account offers traders access to the full range of financial instruments that AvaTrade offers along with technical indicators, real-time prices, and more.
Traders also have access to an overview of the fees charged, execution speeds offered, and a variety of other components that form part of AvaTrade’s offering.
AvaTrade’s demo account provides traders with $100,000 (or currency equivalent) in virtual funds and this is viewable on the demo account regardless of where the trader navigates to.
Traders have access to 10 different asset classes, a variety of chart styles, comprehensive charting capabilities, and more, when making use of the demo account.
How to set up an AvaTrade Demo Account – Step by Step
To register for a Demo Account with AvaTrade, traders can follow these few steps:
Step 1 – Open up the Avatrade Website.
navigate to the AvaTrade website and select the “Demo Account” option
Step 2 – Insert your credentials.
This will redirect the trader to a registration page where the trader can register using their Facebook or Google credentials, or they can register by providing their First and Last name, email address, and mobile number.
Step 3 – Click on one of the options to proceed.
Once this has been completed, the trader can select to proceed, and registration on the AvaTrade website will have been successful.
Step 4 – Verify and login into your account.
Traders will receive an email to the address that they provided with confirmation that their demo account registration has been successful. The email address will also contain the trader’s login details and relevant links to the AvaTrade website where they can start using their demo account.
Trading is a daunting and intimidating task for beginners without any prior knowledge pertaining to trading. Through the provision of demo accounts, brokers can adequately help these traders in preparing them for trading in a live trading environment.
Demo accounts offer the perfect safe and risk-free environment where beginners can practice their trading and hone their skills before they start trading in a live environment where they make use of actual capital.
A demo account is therefore often referred to as a practice account as it offers traders with the ability and the freedom of exploring the broker’s offering without running the risk of incurring losses as traders are provided with virtual funds.
Beginner traders can adequately utilize demo accounts to familiarize themselves with a live trading account in addition to building their knowledge, skills and experience.
Demo accounts are also used by traders to test their trading strategies in a risk-free environment and it allows them to modify, adapt, and improve their strategies before they take them into a live trading environment.
AvaTrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account sign-up fully digital | None noted |
| Option to use Facebook or Google credentials to sign up | |
| Quick and hassle-free sign up procedure | |
| Mimics a live account accurately and efficiently | |
| Access to all functions and features as with a live account | |
| Adequate amount of virtual money provided |
AvaTrade Customer Reviews
The best trading app so far
Am George from Ghana, I just sign up this trading app and this is the best trading app so far , Vincent Krupkin send me free mentor class to participate to become a good trader ,I encourage you to start trading with Ava trade
Well spoke to one of the brokers and I…
Well spoke to one of the brokers and I was really impressed with patients and attentiveness he showed so looking forward to start trading
So far so good
So far so good. Easy account verification process, setup and assistance. Overall happy with AvaTrade.
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Conclusion
AvaTrade does offer a demo account. Trading in a safe environment is great for beginner traders that are new to trading. AvaTrade has effective customer support, education opportunities, and product range.
Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account provides the trader with a practice account that can be used to practice trading in a risk-free environment.
Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.
Does AvaTrade offer a demo account?
Yes, AvaTrade does offer a demo account.
Can I convert my demo account to a live trading account with AvaTrade?
Yes. just follow the easy steps on the Avatrade website
Which live trading accounts does AvaTrade offer?
AvaTrade offers traders with either a retail or a professional account. The retail account caters for most traders whereas the professional account has strict requirements that must be met in order for traders to become eligible to register such an account.
What are the available deposit currencies for a live trading account?
Featured SA Shares Writer and Forex Analyst.
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