How to Open Trading Account with AvaTrade & Avatrade Account Types 2024

AvaTrade is a registered CFD broker that trades a wide range of instruments. They provide fixed forex spreads and charge moderate costs. In this study, we examined their fees, safety, platform, and other variables.

AvaTrade UK Review

An award-winning leader in the online trading industry, AvaTrade UK has a proven history of satisfying its clients with a user-friendly platform and a vast array of features, including being among the first brokers to introduce CFD trading on stocks, indices, and commodities.

Trusted by regulators in multiple jurisdictions, including the European Union, Australia, Japan, South Africa, and the British Virgin Islands, AvaTrade UK adheres to stringent compliance requirements regarding client money handling, fund security, and financial reporting.

AvaTrade UK’s platform is busy and active, with over 2.2 million trades happening every month by more than 250,000 traders worldwide.

Quick Insights

Visit the AvaTrade website, register with an email and password, provide personal and additional information, agree to terms, and verify your account by uploading identification documents.

AvaTrade offers various account types, including Retail, Professional, Islamic, Demo, and Spread Betting accounts, each catering to different trading needs and experience levels.

AvaTrade is regulated in multiple jurisdictions, ensuring compliance with stringent requirements for client money handling and fund security, although the FCA in the UK does not regulate it as of 2024.

How to create an AvaTrade account in the UK

Here are the steps to creating an AvaTrade account in the UK:

Visit the website
Create a trading account
Provide personal information
Add additional information
Agree the terms and conditions
Verify your account

Step1: Visit the website

Step 2: Create a trading account

Step 3: Provide personal information

On the AvaTrade dashboard, fill in your details including,

Click the blue arrow button to move forward.

Step 4: Additional information

Briefly answer questions about your,

Click the blue arrow button.

Step 5: Agree to terms

Step 6: Verify your account

After registration go to the AvaTrade dashboard.
Upload documents to verify your identity and address.
Once verified, you can deposit funds, start trading, and withdraw money.
AvaTrade website process might change.
Refer to their website for the latest information.

AvaTrade login account

Login to AvaTrade UK.
Head to the AvaTrade UK website homepage: https://www.avatrade.co.uk/
Click "Login.”
Enter your registered email address and password.
(Optional) If you linked them during signup, use Google, Facebook, or Apple to log in.
Keep your login details safe and do not share them with anyone.

AvaTrade demo account

Learn more: Top Benefits of AvaTrade

Avatrade funding options

Selecting the appropriate payment option is critical to a smooth and efficient trading experience. For UK clients, the most common payment options are supported and funded your account by the following,

Benefits of Avatrade

A growing number of UK traders trust AvaTrade UK, which offers a user-friendly platform with a vast selection of over 1,250 tradable instruments.
These include equities, indexes, foreign exchange, cryptocurrency, and commodities.
Whether you are a seasoned trader or just starting, AvaTrade UK has the trading tools you need.

Access the platform from your desktop, tablet, or mobile with MetaTrader 4, MetaTrader 5, or AvaTradeGO.
Benefit from competitive fixed spreads and the security of segregated client accounts.
AvaTrade account UK supports various automated trading platforms, empowering you to explore different trading strategies.

Avatrade account types

Retail account

The standard account for most users, offering a variety of assets with reasonable leverage and negative balance protection.

Professional account

It is for experienced traders with stricter criteria, providing higher leverage but no negative balance protection.

Islamic account

Caters to Muslim traders with swap-free trading for a grace period but it has higher spread fees and trading restrictions.

Demo account

Perfect for beginners to practice trading in a risk-free environment.

Spread betting account

It allows spread betting with leverage and fees depending on the linked account.

How to close the AvaTrade account

Steps to close your account,

Step 1: Withdraw your funds

Step 2: Request for an account closure

Avatrade risk management tools

Risk management in finance is the process of identifying, evaluating, and mitigating risks of losses in investments. It is important because the market moves can be unpredictable and cause losses.

Here are the key steps involved in risk management,

Identify risks

This involves understanding the different factors that can affect your investment, such as economic events, interest rate changes, and inflation.

Evaluate risks

Once you have identified the risks, you need to assess how likely they are to occur and how much they could influence your investment.

Mitigate risks

There are several ways to mitigate risks, such as diversification and spreading your investments across different assets.

Hedging is using financial instruments to offset potential losses.

Setting stop-loss, order types automatically buy or sell an investment if it falls below a certain price.

Systematic risk

This is a risk inherent to a particular financial asset or market, and it cannot be diversified away. Examples include market risk, interest rate risk, inflation risk, and exchange rate risk.

Unsystematic risk

This is a risk specific to a particular company or industry, and it can be mitigated through diversification.

Alpha and Beta

These are two measures used to evaluate the performance of an investment. Alpha measures the active risk, or the risk that arises from the investment strategy, while beta measures the passive risk or the risk that arises from market movements.

How to delete an AvaTrade account

There are two ways to close your AvaTrade account: temporary suspension and permanent closure.

Temporary account suspension

This deactivates your account without deleting it. You can resume trading on AvaTrade in the future.

Permanent account closure

This permanently deletes your account and all associated data. There is no way to retrieve it. Here is how to delete your account,

Contact customer support: Reach out via email, live chat, or phone. Mention you want to close/ delete your account and provide your account number and reason for closure.

Self-service account closure:

Conclusion

AvaTrade UK is a well-regulated broker with a user-friendly platform offering a comprehensive range of instruments. Their educational resources and various account types cater to both novice and experienced traders.

However, it is important to consider that CFDs, AvaTrade’s primary product, are complex and carry a high risk of losing money. Client reviews suggest a positive overall experience, but fees and spreads may not be the most competitive in the market.

Pro Tip

Explore the markets & find your perfect trading edge with our trusted forex brokers. Learn about stocks, forex, CFDs & more with our in-depth guides and broker reviews exclusively on our site.

Frequently asked questions

1. What is the minimum deposit at AvaTrade?

The minimum deposit to start trading on AvaTrade is typically £100 or the equivalent in your base account currency.

2. Is AvaTrade regulated in the UK?

The FCA does not currently regulate AvaTrade in the UK. The company previously had a provisional license to offer certain financial services in the UK.

However, as of October 2023, AvaTrade has applied to revoke this license. As of January 2024, the FCA website lists AvaTrade under ‘supervised run-off’ status, which authorizes them to offer certain services in the UK.

3. Can I reopen my AvaTrade account after closing it?

Yes, you can reopen your account by contacting customer support and submitting the required documentation.

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