AvaTrade South Africa Review
AvaTrade is an award-winning online broker based in South Africa. The broker has a variety of trading platforms, including a mobile app and mobile web site. In addition to offering over 56 different currency pairs, the company also offers a wide range of exotics and minor currencies. Specifically, South African traders can use AvaTrade to speculate on the rand through the USD/ZAR and JPY/ZAR forex pairs. In addition, it allows for leverage of up to 1:500 on major currencies and lesser ones.
AvaTrade South Africa offers a variety of platforms and offers over 250 different instruments. You can choose to trade on the proprietary AvaTradeGo mobile app, the traditional MT4 platform, or the web-based AvaTrade platform. The company also accepts credit cards, debit cards, e-wallet funds, and prepaid accounts. For more information, visit the AvaTrade website. You can learn more about AvaTrade and its trading platforms by reading through its blog.
The minimum amount you need to deposit to open an account with AvaTrade is $100 for retail traders. While there are no ZAR account options, you can opt for a USD/EUR/GBP account. While this might sound like a disadvantage, it does offer more flexibility when it comes to withdrawals and profits. AvaTrade offers a fixed spread, whereas other regulated brokers use a floating spread. The fixed spread means you will never pay more than the price you paid for a trade, regardless of the market conditions.
AvaTrade charges no deposit fees and is regulated by the UK Financial Conduct Authority and the Australian Securities and Investments Commission. You will only need to pay for swaps if you hold your position overnight. These fees vary by country, but they are not too high compared to the average fee that many other Forex brokers charge. AvaTrade is a popular choice among traders in South Africa. The minimum deposit amount is 1500 ZAR, so you’re sure to find the right account for your trading needs.
AvaTrade is a globally renowned Forex broker and has a subsidiary in South Africa. It has over 200,000 customers worldwide and has been regulated by the South African Financial Services Board. The trading platform is available in MT4 and MT5, as well as a proprietary trading platform called AvaTrade Go. AvaTrade SA is a trusted option for South Africans. And it also has an established presence in the region.
AvaTrade South Africa is regulated by the Financial Services Board (FSB). The firm has a licence from the FSB in South Africa and is a member of the FSB. Unlike some other forex brokers in the region, AvaTrade South Africa has a strong local regulatory body, the FSCA. AvaTrade is a regulated brokerage in South Africa. As a result, it has no license from the FSB and can be considered to be a legitimate company.