Overall, AvaTrade can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. AvaTrade offers an easy-to-use social copy trading platform with excellent customer support. AvaTrade is a globally recognized online trading platform that provides Singaporean traders with distinctive features customized to their specific trading requirements. AvaTrade has a trust score of 93 out of 99.
🧑⚖️Order Execution | 4/5 |
💵Commissions and Fees | 5/5 |
📈Range of Markets | 5/5 |
📉Variety of Markets | 5/5 |
⌚Withdrawal Speed | 3/5 |
👥Customer Support | 5/5 |
📊Trading Platform | 5/5 |
🎓Education | 5/5 |
🗂️Research | 4/5 |
⌛Regulation | 5/5 |
📱Mobile Trading | 5/5 |
💯Trust Score | 93% |
AvaTrade Review – Analysis of Brokers’s Main Features
- ☑️ AvaTrade Overview
- ☑️ AvaTrade Detailed Summary
- ☑️ AvaTrade – Advantages over Competitors
- ☑️ Who will Benefit from Trading with AvaTrade?
- ☑️ AvaTrade Safety and Security
- ☑️ AvaTrade Bonus Offers and Promotions
- ☑️ AvaTrade Affiliate Program Features
- ☑️ AvaTrade Minimum Deposit
- ☑️ AvaTrade Account Types and Features
- ☑️ AvaTrade Base Account Currencies and Basic Order Types
- ☑️ How to Open and Close an AvaTrade Account
- ☑️ AvaTrade Trading Platforms
- ☑️ Which Markets Can You Trade with AvaTrade?
- ☑️ AvaTrade Fees, Spreads, and Commissions
- ☑️ AvaTrade Deposits and Withdrawals
- ☑️ AvaTrade Education and Research
- ☑️ AvaTrade Customer Support
- ☑️ AvaTrade VPS Review
- ☑️ AvaTrade Corporate Social Responsibility
- ☑️ AvaTrade Trading Signals
- ☑️ AvaTrade Cashback Rebates Features and Conditions
- ☑️ AvaTrade Web Traffic Report
- ☑️ AvaTrade Sponsorships
- ☑️ AvaTrade Geographic Reach and Limitations
- ☑️ AvaTrade – Best Countries by Traders
- ☑️ AvaTrade vs FP Markets vs FXTM – A Comparison
- ☑️ AvaTrade Alternatives
- ☑️ AvaTrade Awards and Recognition
- ☑️ Our Experience with AvaTrade
- ☑️ Recommendations according to our in-depth review of AvaTrade
- ☑️ AvaTrade Customer Reviews
- ☑️ Pros and Cons of Trading with AvaTrade
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
AvaTrade Overview
AvaTrade is a globally recognized online trading platform that provides Singaporean traders with distinctive features customized to their specific trading requirements.
While not regulated by the Monetary Authority of Singapore (MAS), AvaTrade compensates with stringent regulatory scrutiny from several renowned authorities, including the European Union’s MiFID, Australia’s ASIC, and Japan’s FSA.
Traders have a high level of trust in this multi-jurisdictional regulation. The attractive spreads on currency combinations like USD/SGD, starting at 3.3 pips, and the flexibility of leveraging up to 1:400 (professionals), multiplying possible returns, are notable features for Singaporean investors.
Furthermore, AvaTrade’s powerful trading platforms, extensive instructional resources, and devoted customer service make it an appealing choice for Singapore traders looking for a dependable and user-friendly trading environment.
AvaTrade Detailed Summary
Broker | AvaTrade |
🏦Headquartered | Dublin, Ireland |
🌎Global Offices | Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE |
📈Local Market Regulators in Singapore | Monetary Authority of Singapore (MAS) |
📉Foreign Direct Investment in Singapore | 195 billion USD (2022) |
💰Foreign Exchange Reserves in Singapore | 461.1 billion SGD (November 2023) |
🏠Local office in Singapore? | None |
👤Governor of SEC in Singapore | None, the chairman of the MAS is Lawrence Wong |
✔️Accepts Singapore Traders? | ✅ Yes |
🔢Year Founded | 2006 |
☎️Singapore Office Contact Number | None |
💻Social Media Platforms | X YouTube Telegram |
⌛Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
🥉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 |
🥈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) |
🥇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) |
➡️MAS Regulation | ✅ Yes, FSP 45984 |
📌Regional Restrictions | United States, Belgium, Syria, Iran, New Zealand, Cuba |
☪️Islamic Account | ✅ Yes |
🗂️Demo Account | ✅ Yes |
✏️Non-expiring Demo | None |
⏰Demo Duration | 21 days |
⚙️Retail Investor Accounts | 1 |
👉PAMM Accounts | MAM |
🚩Liquidity Providers | Currenex and other bank and non-bank entities |
🤝Affiliate Program | ✅ Yes |
🧑⚖️Order Execution | Instant |
📝OCO Orders | None |
↘️ One-Click Trading | ✅ Yes |
📒Scalping | ✅ Yes |
📍Hedging | ✅ Yes |
👩👧👧Expert Advisors | ✅ Yes |
📰 News Trading | ✅ Yes |
🔍Trading API | ✅ Yes |
📖Starting spread | 0.9 pips EUR/USD |
💷Minimum Commission per Trade | None; only the spread is charged |
🏷️Decimal Pricing | 5th Decimal 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 SGD Account? | None |
👤Dedicated Singaporean Account Manager? | None |
⬆️Maximum Leverage | 1:30 (Retail) 1:400 (Pro) |
❌Leverage Restrictions for Singaporeans? | ✅ Yes, based on trading experience |
💵Minimum Deposit (SGD) | 130 SGD ($100) |
💸Deposit Currencies | AUD, USD, GBP, EUR, CHF, JPY, SGD |
💶SGD Deposits Allowed? | None |
💴Account Base Currency | ZAR, USD, GBP, or AUD |
Active Singaporean Trader Stats | 50,000+ |
👩👧👧Active Singapore-based AvaTrade customers | Unknown |
📊Singapore Daily Forex Turnover | 1.2 million SGD |
💳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? | None |
🗂️Segregated Accounts with Singaporean Banks? | None |
📊Trading Platforms | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
⏱️Trading Platform Time | GMT |
🧐Observe DST Change | ✅ Yes |
⌚DST Change Time zone | Eastern Standard Time (EST) |
🛢️Tradable Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-traded funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
$ Offers USD/SGD currency pair? | ✅ Yes |
⌛USD/SGD Average Spread | 3.3 pips |
🛎️Offers Singapore Stocks and CFDs | ✅ Yes, MSCI Singapore Index Fund |
🗣️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 |
🕰️Customer Service Hours | 24/5 |
👥Singapore-based customer support? | ✅ Yes |
🎁Bonuses and Promotions for Singaporean Traders | ✅ Yes |
🎓Education for Singaporean beginners | ✅ Yes |
🖥️Proprietary trading software | ✅ Yes |
✔️Most Successful Trader in Singapore | Chew Wei Xiang (±$70 million assets under management) |
👉Is AvaTrade a safe broker for Singaporean Traders? | ✅Yes |
📈Rating for AvaTrade Singapore | 9/10 |
💯Trust score for AvaTrade Singapore | 93% |
AvaTrade – Advantages over Competitors
AvaTrade has the following notable advantages over competitors:
- ✅ Forex, CFDs on stocks, commodities, indices, cryptocurrency, and other trading instruments are available to traders.
- ✅ The platform supports automated trading techniques and includes various tools such as AvaProtect, which provides risk management capabilities, and DupliTrade. This social trading platform allows traders to replicate the strategies of expert traders.
- ✅ AvaTrade has competitive spreads, such as 3.3 pips on USD/SGD, which is especially advantageous for forex traders.
- ✅ Trading is available on desktop, online, and mobile apps, allowing traders to access their accounts and trade from anywhere at any time.
- ✅ While AvaTrade’s services are worldwide in scope, they are also geared to accommodate Singaporean traders’ specific needs and preferences, such as local payment methods and customer support hours.
- ✅ AvaTrade offers a wealth of educational tools, like webinars, e-books, and articles, that are valuable to novice and expert traders.
- ✅ Even though AvaTrade is not regulated by Singapore’s MAS, its adherence to regulations from other recognized institutions gives a strong confidence factor.
- ✅ AvaTrade provides several trading platforms, including MetaTrader 4 and 5 and their own AvaTradeGO.
- ✅ AvaTrade provides a demo account for those new to trading or wanting to test tactics. This tool allows traders to practise with virtual funds in a risk-free environment.
Finally, AvaTrade does not charge commissions on trades, which might help Singaporean traders minimize overall trading costs.
Who will Benefit from Trading with AvaTrade?
- ✅ AvaProtect and other risk management features of the platform provide an additional level of protection for traders who are concerned with mitigating potential losses.
- ✅ AvaTrade’s accessibility across multiple platforms, including mobile applications, renders it well-suited for traders who favour mobile trading or rely on technology for real-time analysis and trading.
- ✅ Diversifying their portfolios is possible with AvaTrade’s extensive selection of trading instruments: forex, CFDs on equities, commodities, indices, and cryptocurrencies. This variety permits risk management and a broad investment strategy.
- ✅ AvaTrade provides sophisticated trading platforms, including MetaTrader 4 and 5, in addition to its exclusive AvaTradeGO, to accommodate the requirements of seasoned traders. These platforms provide automated trading options and sophisticated analytical tools indispensable for professional traders.
- ✅ AvaTrade provides support for automated trading strategies and provides tools such as DupliTrade, which empower traders to replicate the approaches taken by seasoned traders. This functionality is especially advantageous for individuals seeking to capitalize on the knowledge and experience of experienced traders.
- ✅ AvaTrade’s competitive margins, especially in widely traded currency pairs such as USD/SGD, will undoubtedly appeal to forex traders based in Singapore. Additionally, those seeking to increase the size of their trading positions will appreciate the ability to trade with high leverage (up to 1:400), albeit at the expense of increased risk.
- ✅ Unseasoned users will derive immense value from the extensive educational resources AvaTrade offers. The platform provides articles, webinars, and e-books covering fundamental and advanced trading strategies. The provision of a demo account enables inexperienced users to engage in practice sessions without incurring any financial risk.
- ✅ AvaTrade’s commitment to international regulatory standards will be of great value to traders prioritizing financial security and regulatory compliance, even though the platform is not subject to regulation by Singapore’s MAS.
Is AvaTrade good for mobile trading compared to competitors?
Yes, AvaTrade is competitive in mobile trading and adheres to industry standards.
Does AvaTrade offer sustainable investing strategies?
Yes, AvaTrade provides long-term investment solutions.
AvaTrade Safety and Security
AvaTrade Regulation in Singapore
AvaTrade is not currently regulated by the Monetary Authority of Singapore (MAS). However, AvaTrade global regulations are listed in the table below.
AvaTrade Global Regulations
🔍Registered Entity | 🌎Country of Registration | 📌Regulatory Entity | 🏅Tier | 🔢License Number/Ref |
🥇AVA Trade EU Ltd | Ireland | CBI | 1 | C53877 |
🥈DT Direct Investment Hub Ltd. | Cyprus | CySEC | 2 | 247/17 |
🥉AVA Trade EU Ltd | Poland | KNF | 2 | 693023 |
🏅AVA Trade Ltd | British Virgin Islands | BVI | 3 | SIBA/L/13/1049 |
🏆Ava Capital Markets Australia Pty Ltd | Australia | ASIC | 1 | 406684 |
👉Ava Capital Markets Pty | South Africa | FSCA | 2 | FSP 45984 |
👍Ava Trade Japan KK. | Japan | JFSA, FFAJ | 1 | JFSA 1662 |
FFAJ 1574 | ||||
📌Ava Trade Middle East Ltd | UAE | ADGM | 2 | 190018 |
✔️ATrade Ltd | Israel | ISA | 2 | 514666577 |
➡️Friedberg Direct | Canada | IIROC | 1 | Friedberg Mercantile |
AvaTrade Protection of Client Funds
🔍Security Measure | ℹ️ Information |
🗂️Segregated Accounts | ✅ Yes |
👤Compensation Fund Member | ✅ Yes |
💵Compensation Amount | 20,000 EUR |
➡️SSL Certificate | ✅ Yes |
🛎️2FA (Where Applicable) | ✅ Yes |
❌Privacy Policy in Place | ✅ Yes |
⚠️Risk Warning Provided | ✅ Yes |
⛔Negative Balance Protection | ✅ Yes |
🛑Guaranteed Stop-Loss Orders | None |
Security while Trading
While not regulated by Singapore’s Monetary Authority of Singapore (MAS), AvaTrade provides Singaporean traders with a strong safety and security framework thanks to its global regulatory compliance.
It is registered with prestigious organizations such as the Central Bank of Ireland (CBI) and the Australian Securities and Investments Commission (ASIC), assuring compliance with tough international financial standards.
It also has licences from respectable agencies such as CySEC in Cyprus, the KNF in Poland, and the JFSA and FFAJ in Japan, covering a wide range of regulatory monitoring.
The segregation of customer assets is critical to AvaTrade’s security procedures, ensuring that traders’ investments are kept separate from the company’s operational finances. This is critical for traders’ protection in the event of financial troubles.
AvaTrade also participates in a compensation fund, which provides a safety net of up to 20,000 EUR. SSL certificates and using 2FA (Two-Factor Authentication), where available, provide enhanced transaction and data security.
The site is also committed to transparency, as seen by its extensive privacy policy and clear risk warnings. However, it is crucial to note that AvaTrade does not provide guaranteed stop-loss orders, which may be a problem for risk-averse traders.
Pros and Cons Regulation and Safety of Funds
✅ Pros | ❎ Cons |
AvaTrade holds licenses in several regions globally | AvaTrade is not regulated by MAS in Singapore |
Investor protection is available to eligible clients | Not all clients are eligible for investor protection |
Is AvaTrade regulated?
Yes, AvaTrade is regulated in various jurisdictions, providing traders with an added layer of security. However, it should be noted that AvaTrade is not locally regulated by the MAS in Singapore.
How are funds segregated at AvaTrade?
To ensure safety, AvaTrade separates client funds from its own operational funds.
AvaTrade Bonus Offers and Promotions
AvaTrade offers Singaporean traders the following bonuses and promotions:
- ✅ Referral Bonus
AvaTrade’s Referral Bonus program offers Singaporean traders a great opportunity to profit financially by promoting the platform to their network. This campaign especially appeals to people who have enjoyed the benefits of trading with AvaTrade and want to share them with their friends and family.
When a Singaporean trader refers someone who then creates a live account and deposits a minimum of $500, the referrer becomes eligible for a bonus under this scheme.
The interesting feature of this program is that the bonus sum can go up to $250 based on the initial deposit made by the referred user into their verified live account.
This means that the bigger the new trader’s initial deposit, the higher the referral bonus for the Singaporean trader who made the advice. Furthermore, it is a win-win situation for both parties: the new trader can access AvaTrade’s full trading facilities, and the referrer receives a hefty financial return.
Is there a minimum deposit required to receive a bonus?
Yes, the referred client must deposit at least $500 before the referring AvaTrade client, and their referral can earn a bonus.
Are bonuses available for all account types?
Yes, all traders who register a live account are eligible.
AvaTrade Affiliate Program Features
For Singaporean affiliates, AvaTrade’s Affiliate Program provides a lucrative opportunity. It matches affiliates with specialized professional account managers for ongoing support and is specifically developed to fit the needs of Singapore participants.
Singaporean affiliates can choose from commission payment methods, including bank transfers, PayPal, and Skrill, for quick pay-outs. To efficiently promote its services, AvaTrade offers a variety of marketing tools, such as banners, customizable landing sites, and email templates.
The ability to establish individual referral links, which improves tracking accuracy, is a standout feature. Because of the competitive commission structure, affiliates in Singapore can earn up to $600 per referral, depending on the trading volume of the referred client.
In addition, AvaTrade provides extensive tracking and reporting tools to affiliates, providing real-time insights into referral activity and earnings to aid in performance evaluation.
To begin, Singaporeans and businesses must register and agree to the program’s terms and conditions. This collaboration paves the way for a viable path to growth and profitability by leveraging AvaTrade’s recognized trading environment.
How to open an Affiliate Account with AvaTrade
To register an Affiliate Account, Singaporean traders can follow these steps:
- ✅ To start, navigate to the AvaPartner website and select the “Register” link.
- ✅ Specify your personal information on the registration form, such as your name, email address, and phone number.
- ✅ Submit the form for registration. You will subsequently be contacted by an Affiliate Manager who will examine your information and continue with the registration procedure.
What financial markets can I earn commissions from?
You could earn commissions from forex, indices, shares, and other instruments.
Is there a tracking system for affiliates?
Yes, affiliates can easily track their clients from the AvaTrade partners site.
How can I contact AvaTrade for more information on the affiliate program?
For additional information, traders can contact [email protected].
Is there a minimum pay-out for affiliates?
Yes, there may be a minimum. However, AvaTrade only specifies the maximum $600 pay-out.
AvaTrade Minimum Deposit
🔍Live Account | 💵Minimum Dep. |
🥇Standard Account | 130 SGD / $100 |
🥈Islamic Account | 130 SGD / $100 |
🥉Professional Account | 130 SGD / $100 |
Are there any bonuses for making a larger initial deposit with AvaTrade?
AvaTrade does not specifically mention deposit bonuses, but such incentives are typical among brokers.
Is the minimum deposit a one-time requirement?
Yes, opening a new account requires a minimum deposit of 130 SGD; subsequent deposits may vary.
AvaTrade Account Types and Features
🔍Live Account | 💵Minimum Dep. | ⏱️Average Spread | 💴Commissions | 💷Average Trading Cost |
🥇Retail Account | 130 SGD | 0.9 pips | None | 9 USD |
AvaTrade Retail Investor Account
The AvaTrade retail account is an excellent option for Singaporean traders seeking access to global financial markets. This account provides access to various trading opportunities, including FX, CFDs, cryptocurrencies, equities, commodities, and indices.
Whether a beginner or a seasoned trader, the AvaTrade retail account will meet your demands owing to its user-friendly interface and access to powerful trading platforms.
One of the account’s most notable qualities is its competitive spreads, among the best in the market. These tight spreads can considerably benefit traders aiming to cut trading costs, making it an appealing choice for those on a budget.
However, while competitive spreads might be favorable, traders should always exercise caution and follow risk management methods.
Furthermore, the AvaTrade retail account provides leverage, potentially allowing traders to multiply their profits or losses. While leverage can be a strong instrument for experienced traders, it should be handled with caution, especially by inexperienced Singaporean traders.
The possibility of increased losses emphasizes the significance of adequate risk management and a thorough understanding of how leverage works.
🔍Account Features | ➡️Value |
💵Minimum Deposit Requirement | 130 SGD ($100) |
💶Base Account Currency Options | ZAR, USD, GBP, or AUD |
📈Maximum Leverage | 1:30 |
📊Range of Markets Offered | More than 1,260 tradable instruments |
📌Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
💷Commissions on trades | None |
🕰️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 Live Chat |
🤝Trading Strategies Allowed | All |
AvaTrade Demo Account
AvaTrade offers a complete demo account designed specifically for Singaporean traders, providing a perfect environment for practising trading without risking real money.
This demo account provides users a virtual amount of $10,000, allowing them to trade simulated financial products such as indices, currencies, stocks, commodities, and ETFs.
Within the demo account, users can access a wealth of essential features such as real-time price data, technical indicators, and access to various virtual trading platforms such as Ava Social, AvaTradeGO, MetaTrader 4 and 5, Mac Trading, and Web Trading, all of which are tailored to the specific needs of Singaporean traders.
Furthermore, the demo account allows users to practise various trading techniques by allowing them to execute various order types, such as market orders, limit orders, and stop losses.
It also has useful features, including real-time price feeds and a live chat tool for instant support. If users prefer to switch from the demo account to a genuine trading account, they can do it with just a few mouse clicks.
Notably, the sample account is free, and customers can open as many demo accounts as needed. It is vital to note that the demo account is only operational for 21 days after registration. Still, users can seek an extension if they need additional time to hone their trading skills.
This extension feature ensures that Singaporean traders get the most out of their AvaTrade demo trading experience.
AvaTrade Islamic Account
🔍Live Account | 💵Minimum Dep. | ⏱️Average Spread | 💴Commissions | 💷Average Trading Cost |
☪️Islamic Account | 130 SGD | 0.9 pips | None | 9 USD |
AvaTrade understands the different demands of its Singaporean traders, especially those who trade according to Islamic standards. AvaTrade provides an Islamic account, also known as a swap-free account, for Muslim traders in Singapore. This account is designed to assure conformity with Islamic law.
This one-of-a-kind account is fully integrated with AvaTrade’s offerings. When you create a live trading account with AvaTrade, you can convert it to an Islamic account.
This conversion is per Islamic Sharia law and eliminates daily swaps per the Islamic prohibition on interest. Opening an Islamic account requires a minimum deposit of $100 or 130 SGD. It allows for regular fiat currency trading, concentrating on forex pairs.
However, Islamic traders must remember that this account does not include cryptocurrencies, stocks, indices, or ETFs. It does, however, permit the trading of commodities such as gold and silver.
The Islamic account has the same competitive spread charges as others, beginning at 3.3 pips USD/SGD, ensuring fair trading conditions. It is important to note that it operates under the same trading terms and conditions as other AvaTrade accounts.
For Singaporean traders’ convenience, the approval process for an Islamic account normally takes only 1-2 working days. All you have to do to make the transition is contact AvaTrade’s customer service.
AvaTrade Professional Account
🔍Live Account | 💵Minimum Dep. | ⏱️Average Spread | 💴Commissions | 💷Average Trading Cost |
🥇Professional Account | 1,900 SGD | 0.6 pips | None | 6 USD |
AvaTrade offers its Professional account, which has been precisely designed to appeal to seasoned traders who meet certain eligibility requirements. The Professional account grants access to a slew of benefits and features, including:
- ✅ Take advantage of fixed spreads on forex trades starting at 0.6 pips.
- ✅ In the case of overnight positions, there is a rollover cost based on market conditions.
- ✅ Begin trading with a minimum size of 1 micro lot, providing flexibility in your holdings.
- ✅ Gain access to leverage ratios of up to 1:400, allowing you increased trading opportunities.
- ✅ Trade in various markets, including forex, commodities, equities, cryptocurrencies, indices, Forex options, ETFs, and bonds. Diversification is at your fingertips, with over 1250 assets in total.
- ✅ Despite the absence of commissions, spreads start at an appealing 0.3 pips, ensuring cost-effective trading.
- ✅ The Professional account is available on various trading platforms, including MT4, MT5, AvaTrade WebTrader, AvaTradeGO, and AvaSocial, allowing you to be more flexible in your trading experience.
However, Singaporean professional traders must note that certain conditions must be met to qualify as a professional trader:
- ✅ Show significant trading activity during the last 12 months.
- ✅ Relevant financial sector experience is required.
- ✅ Maintain a substantial portfolio of financial instruments worth more than €500,000.
The Professional account from AvaTrade is suited for experienced traders who meet the eligibility conditions and want an account with lower spreads and higher leverage.
Furthermore, the professional account provides a comprehensive trading experience and access to a wide range of marketplaces, making it the preferred choice for seasoned professionals.
Pros and Cons AvaTrade Account Types and Features
✅ Pros | ❎ Cons |
AvaTrade does not charge commissions on any of its accounts | AvaTrade only offers one retail account |
The AvaTrade retail account suits all types of traders | The demo account expires 21 days after registration |
AvaTrade does not limit the use of trading strategies on its retail account | The spreads can be wide on instruments such as USD/SGD |
Is there a minimum deposit requirement for different AvaTrade account types?
No, the minimum deposit is usually 130 SGD / $100.
Can the accounts be used as Islamic accounts?
Yes, all AvaTrade account types are suitable for usage as Islamic accounts.
AvaTrade Base Account Currencies and Basic Order Types
AvaTrade Base Account Currencies
The base account currencies available to Singaporeans include the following:
- ✅ USD
- ✅ GBP
- ✅ AUD
- ✅ ZAR
AvaTrade Basic Order Types
- ✅ Market Order – A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅ Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at market to enter the trade immediately.
- ✅ Stop Order – A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅ This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
- ✅ Limit Order – Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
- Limit orders can be either buy or sell limits, depending on the market’s direction before your anticipated reversal.
- A sell limit is used to sell above the market, while a buy limit is used to purchase below the market.
How to Open and Close an AvaTrade Account
How to open an AvaTrade Account
To open an account with AvaTrade, Singaporeans can follow these steps:
- ✅ Visit AvaTrade’s website.
- ✅ Fill out the registration form with your personal information, including your name, address, phone number, trading experience, and investment goals.
- ✅ Click on the link in the confirmation email to verify your email address.
- ✅ Fill out the remaining areas of the account registration form, including any additional personal information and answer any applicable questions.
- ✅Set your password to protect your account.
- ✅ To verify your account, submit the relevant identifying documents, such as a government-issued ID.
- ✅ Make a minimum deposit of $100 or equivalent in your local currency.
How to Close an AvaTrade Account
To close a live trading account with AvaTrade, Singaporean traders can follow these steps:
- ✅ Contact AvaTrade’s customer service team via email, live chat, or phone. Express your purpose to close your account clearly and include any necessary information, such as your account number and the reason for closure.
- ✅ If you prefer a more hands-on approach, you can manage the account closure procedure on your own by following these steps:
- Access your AvaTrade account.
- Access the “My Account” area.
- Find the option for account closure or termination. Please keep in mind that the exact position of this option may vary, so you may need to visit AvaTrade’s official resources or seek assistance from their support staff for detailed instructions.
Is there a minimum deposit required to open an AvaTrade account?
Yes, a minimum deposit is required to open an account with AvaTrade.
What documents are required for account verification?
Traders must provide documents verifying their identity and residential address.
Can positions be closed manually before closing an AvaTrade account?
Yes, before you close your AvaTrade account, you must close your open positions manually.
How long does it take to close an AvaTrade account?
The time it takes to close an account varies, but it is usually a rapid procedure, provided all necessary steps are taken.
AvaTrade Trading Platforms
AvaTrade offers Singaporean traders a choice between these trading platforms:
- ✅ MetaTrader 4 and 5
- ✅ AvaTradeGO
- ✅ AvaSocial
- ✅ AvaTrade Web
- ✅ ZuluTrade
- ✅ DupliTrade
- ✅ AvaOptions
AvaTrade MAM / PAMM Features
Singaporean traders can manage several client accounts using AvaTrade’s Percentage Allocation Management Module (PAMM) and Multi-Account Manager (MAM) solutions.
These tools are especially useful for traders who manage investments for various clients, as they allow for the customization of trading strategies to meet the needs of each unique client.
The flexibility in trade allocation is one of the notable aspects of AvaTrade’s MAM/PAMM systems. Traders can allocate trades to multiple sub-accounts depending on equity, balance, or a specified percentage. This level of personalization guarantees that each client’s account is managed per their unique investment objectives and risk tolerance.
The ability to handle endless sub-accounts is a fundamental benefit of these solutions. This capability is extremely useful for traders who want to increase their operations without sacrificing efficiency or control.
The capacity to effortlessly increase trading activities is a big advantage for those managing an expanding client base.
MAM/PAMM account connection with Expert Advisors (EAs) improves the functionality of these systems. This interface enables the deployment of automated trading techniques, which can boost transaction efficiency and effectiveness dramatically.
Automated methods are especially helpful when managing several accounts since they ensure uniformity in trade execution across all sub-accounts.
AvaTrade’s MAM/PAMM services additionally include customized risk management solutions. Traders can create individual parameters for each account, adapting the conditions to their clients’ goals and risk profiles.
Furthermore, AvaTrade’s MAM/PAMM systems include real-time reporting features that provide complete performance information. These extensive reports provide useful insights into trade-related activity, allowing decision-makers to monitor and adapt plans as needed.
MetaTrader 4 and 5
AvaTrade customizes MetaTrader 4 and 5 to fit the unique needs of Singaporean traders, providing advanced features for novice and expert traders. These platforms include various analytical tools, such as sophisticated charting capabilities and technical indicators necessary for in-depth market analysis.
Incorporating local market data and the availability of trading pairs such as USD/SGD and GBP/SGD, which streamlines transactions, are especially advantageous to Singaporeans. These platforms are suited for different levels of trading competence in Singapore due to their user-friendly interface and automated trading features.
AvaTradeGO
AvaTradeGO was created with the modern Singaporean trader in mind, providing a flawless mobile trading experience. This program retains all essential trading features, such as sophisticated order types, live feeds, and thorough charting.
It offers the convenience of trading in local currency and access to local market updates, which is a huge benefit for Singaporean traders on the go. The intuitive design and user-friendly interface of AvaTradeGO make it an excellent alternative for traders who value flexibility and portability in their trading activity.
AvaSocial
AvaSocial differentiates itself in Singapore by combining social trading and community participation. This platform promotes trader contact, allowing them to learn from and copy the techniques of seasoned pros.
Singaporean traders can tap into the collective wisdom of the global trading community and apply it to local market conditions. Integrating AvaSocial with AvaTrade’s infrastructure improves the trading experience for individuals who prioritize collaboration and learning in their trading journey.
AvaTrade Web
AvaTrade Web provides Singaporean traders with a simple web-based trading platform that does not require downloads or installs. It offers a variety of analysis tools, trading instruments, and real-time data accessible via any online browser.
Singaporean users appreciate the platform’s straightforward interface and the option to trade numerous instruments in SGD. AvaTrade Web is designed for traders who want a simple, efficient, and user-friendly environment.
ZuluTrade
AvaTrade’s ZuluTrade connects Singaporean traders with a global network of experienced traders. It allows users to mimic the techniques of industry specialists, which is advantageous for beginner traders or those wishing to broaden their trading approach.
The platform’s user-friendly design and extensive performance information enable Singaporean traders to identify traders whose goals and risk tolerance match theirs quickly. Integrating ZuluTrade and AvaTrade ensures a smooth and efficient trading experience for the Singapore market.
DupliTrade
Another social trading tool available through AvaTrade is DupliTrade, which focuses on automated copy trading. It is especially appealing to Singaporean traders who want to automate their trading by replicating the methods of professional traders.
DupliTrade provides Singaporeans with various strategy providers and accessible performance metrics to aid in informed decision-making. Its seamless connection with AvaTrade’s system makes it a good solution for people who want a hands-off trading method.
AvaOptions
AvaOptions allows Singaporean traders to diversify their trading tactics by trading options. The platform provides a variety of techniques and tools, such as simulations and risk management capabilities, which are especially useful in Singapore’s unpredictable market.
Exploring various options contracts allows traders to control risk while properly acquiring exposure to various assets. AvaOptions is great for Singaporean traders who want to diversify and expand their trading alternatives.
Pros and Cons AvaTrade Trading Platforms
✅ Pros | ❎ Cons |
Singaporeans can choose from several feature-rich platforms to access several financial Markets | The selection of trading platforms can confuse beginners |
MetaTrader 5 offers the full suite of over 1,260 instruments | AvaTrade does not distribute its trading instruments equally across all platforms |
Does AvaTrade Provide Dedicated Account Managers?
Yes, AvaTrade provides specialized account managers to assist you with your trading operations.
What Support Materials Does AvaTrade Offer for MAM Trading?
AvaTrade offers a comprehensive tutorial for multiple account managers to help them grasp the MAM technology.
Can I use custom indicators on AvaTrade’s platforms?
Yes, custom indicators are typically used on systems such as MetaTrader 4, which AvaTrade provides.
Is there a web-based version of AvaTrade’s trading platforms?
Yes, for those who prefer not to download software, AvaTrade provides web-based versions of its trading platforms.
Which Markets Can You Trade with AvaTrade?
Singaporean 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 | 🫰🏻Max Leverage Offered |
➡️Forex | 51 | 1:400 |
💍Precious Metals | 7 | 1:200 |
🥇ETFs | 62 | 1:20 |
🥈Commodities | 7 | 1:50 |
🥉Indices | 42 | 1:200 |
📊Stocks | 665 | 1:10 |
💰Cryptocurrency | 20 | 1:25 |
👉Options | 53 | 1:100 |
👍Energies | 4 | 1:200 |
🛢️Bonds | 2 | 1:20 |
🏆FXOptions | 65 | 1:100 |
Pros and Cons AvaTrade Range of Markets
✅ Pros | ❎ Cons |
AvaTrade offers over 1,260 instruments that can be traded | Leverage restrictions apply to retail traders |
Singaporeans can access forex pairs like USD/SGD and GBP/SGD | There are limited financial instruments on platforms other than MetaTrader 5 |
AvaTrade offers leverage of up to 1:400 to professionals and 1:30 to retail traders | AvaTrade offers limited Singaporean CFDs |
What types of markets can I trade with AvaTrade?
AvaTrade offers Forex pairs, CFDs on stocks, bonds, ETFs, commodities, and crypto-fiat pairs, among other markets.
Can I trade bonds with AvaTrade?
Yes, bonds can be traded as CFDs on AvaTrade’s platform.
AvaTrade Fees, Spreads, and Commissions
AvaTrade Spreads
Markups are added to fixed spreads by AvaTrade to account for broker fees, thereby ensuring that transaction costs are transparent. Using proprietary methods, AvaTrade executes orders as a market maker.
Furthermore, AvaTrade facilitates entry into the interbank market by procuring significant positions from various liquidity providers. A variety of instruments carry average spreads for Singaporean traders, including the following:
🔍Instrument | ⏱️Average Spreads |
$ EUR/USD | 0.9 pips |
➡️USD/SGD | 3.3 pips |
📊Stock CFDs | 0.13% |
🛢️Crude Oil | $0.03 over market |
✏️Gold | $0.29 over market |
📌FXOptions | 0.9 pips |
🛎️Crypto CFDs | 0.15% over market (BTC/USD) |
👉NASDAQ | 1 pip over market |
↘️ MSCI Singapore Index Fund | 0.13% |
🚩ETFs | 0.13% |
💡Bonds | 0.03 pips over market |
AvaTrade Commissions
The trading environment provided by AvaTrade in Singapore is devoid of commission fees. Supplementary commission-related expenses are prevented by incorporating a premium into the fixed spreads. Implementing this methodology guarantees a clear and all-encompassing framework for trading expenses.
AvaTrade Overnight Fees
AvaTrade imposes varying overnight fees determined by the traded financial asset, position type (long or short), value, and market conditions throughout the position’s duration.
To determine overnight charges, multiply the total value of the transaction by the corresponding rate. Possible fluctuations in overnight fees could manifest as the following:
🔍Instrument | 📌Long (Buy) Swap | 💡Short (Sell) Swap |
🏷️EUR/USD | 0.0% | -0.0083% |
$ USD/SGD | -0.0096% | -0.0006% |
📈Stocks | -0.0025% | -0.0308% |
🥇Gold | -0.0006% | -0.0266% |
🥈Silver | -0.0006% | -0.0266% |
👉FXOptions – EUR/USD | -0.009041% | 0.0% |
✴️Nasdaq | -0.0006% | -0.0266% |
↘️ MSCI Singapore Index Fund | -0.0025% | -0.0308% |
⚙️BTC/USD | -0.0610% | -0.0333% |
🔖VIX 75 / Volatility 75 | -0.0025% | -0.0308% |
AvaTrade Deposit and Withdrawal Fees
Regardless of the method utilized, AvaTrade does not levy any charges for deposits or withdrawals.
AvaTrade Inactivity Fees
If deposited funds are not in a supported deposit or base currency, there will be a charge for currency conversion. These charges are accrued while converting transferred funds to the designated currency of the account.
Pros and Cons AvaTrade Trading and Non-Trading Fees
✅ Pros | ❎ Cons |
AvaTrade is transparent about all trading and non-trading fees | AvaTrade does not provide an SGD-denominated account, which could lead to currency conversion fees |
Singaporeans do not pay deposit or withdrawal fees | AvaTrade charges a high inactivity fee |
AvaTrade offers commission-free, spread-only trading | The spreads on forex pairs like USD/SGD are wide when compared to other brokers |
Is there an inactivity fee?
Yes, AvaTrade charges inactivity fees on dormant accounts.
Are there any fees for social trading?
AvaTrade does not indicate any specific fees for social trading. However, standard trading and non-trading fees might apply.
AvaTrade Deposits and Withdrawals
AvaTrade offers Singaporean traders the following deposit and withdrawal methods:
- ✅ Bank Wire Transfer
- ✅ Credit/Debit Card
- ✅ PayPal
- ✅ WebMoney
- ✅ Neteller
- ✅ Skrill
Broker Comparison: Deposit and Withdrawals
🔍Broker | 🥇AvaTrade | 🥈FP Markets | 🥉FXTM |
⏱️Minimum Withdrawal Time | 24 to 48 Hours | Instant | Instant |
🕰️Maximum Estimated Withdrawal Time | Up to 10 days | Up to 10 working days | Up to 5 working days |
💳Instant Deposits and Instant Withdrawals? | None | ✅ Yes | ✅ Yes, instant deposits |
AvaTrade Deposit Currencies, Deposit and Withdrawal Processing Times
🔍Payment Method | ⌛Deposit Processing | ⏰Withdrawal Processing |
🖥️Bank Wire Transfer | Up to 10 days | Up to 10 days |
💳Credit/Debit Card | 24 – 48 Hours | 24 – 48 hours |
👉PayPal | 24 – 48 Hours | 24 – 48 hours |
💵WebMoney | 24 – 48 Hours | 24 – 48 hours |
💷Neteller | 24 – 48 Hours | 24 – 48 hours |
💴Skrill | 24 – 48 Hours | 24 – 48 hours |
How to make a Deposit with AvaTrade
To deposit funds to an account with AvaTrade, Singaporean traders can follow these steps:
- ✅ Enter your credentials to access your AvaTrade account.
- ✅ Navigate to the “Deposit” section and select “Account Funding.” Location-specific deposit options from AvaTrade include major credit cards, wire transfers, and electronic payments.
- ✅ Select, via the drop-down menu, the particular trading account into which you wish to make the deposit. Then, indicate the amount of the desired deposit.
- ✅ After the on-screen prompts, enter the necessary payment method information and complete the deposit procedure.
How to Withdraw from AvaTrade
To withdraw funds from an account with AvaTrade, Singaporean traders can follow these steps:
- ✅ Use your email address and password to access your AvaTrade account.
- ✅ Proceed to the withdrawal section, accessible via the menu on the left, after logging in.
- ✅ Completion of the Withdrawal Form: Fill out the online withdrawal form via your account, ensuring to include the withdrawal quantity and your preferred payment method, among other mandatory fields.
- ✅ After completing the form, the withdrawal request must be submitted. AvaTrade will process it within twenty-four business hours.
Pros and Cons AvaTrade Deposits and Withdrawals
✅ Pros | ❎ Cons |
There are reliable deposit and withdrawal options offered | AvaTrade does not provide local payment methods to Singaporeans |
Client fund security is guaranteed because AvaTrade keeps funds segregated | There are limited deposit and withdrawal methods |
AvaTrade processes deposits and withdrawals quickly and efficiently | Singaporeans cannot deposit or withdraw in SGD |
Are there any fees for deposits and withdrawals with AvaTrade?
Deposits and withdrawals are generally free of charge. However, checking for any additional fees from payment providers is prudent.
Can I cancel a withdrawal request with AvaTrade?
Yes, you might. However, cancelling a withdrawal request often depends on the withdrawal process stage.
How long do AvaTrade Deposits take?
Deposits to an AvaTrade account can take 24 hours up to 10 days, depending on the payment method chosen.
Does AvaTrade offer PayPal as a deposit method?
Yes, AvaTrade offers PayPal.
Can I deposit a third-party account?
No, deposits from third-party accounts are often not recognized due to anti-money laundering requirements.
How long do AvaTrade Withdrawals take?
AvaTrade withdrawals are processed swiftly, but it could take from 24 hours up to 10 days for funds to reach the trader’s bank account, depending on the payment method they chose and their bank’s processing times.
Are there any restrictions on AvaTrade withdrawals?
Yes, withdrawals can only be sent via particular means due to anti-money laundering regulations.
What is the process for withdrawing funds from AvaTrade?
Log into your trading account, navigate to the withdrawal section, and follow the instructions.
AvaTrade Education and Research
AvaTrade Education
AvaTrade offers the following Educational Materials to Singaporean traders:
- ✅ Educational Videos
- ✅ Trading guides
- ✅ Trading Rules
- ✅ Market Terms
- ✅ Order Types
- ✅ Trading Strategies
- ✅ Trading Ideas
- ✅ Trader’s Blog
- ✅ A demo account with virtual funds
- ✅ Educational Articles
Research and Trading Tool Comparison
🔍Broker | 🥇AvaTrade | 🥈FP Markets | 🥉FXTM |
📆Economic Calendar | ✅ Yes | ✅ Yes | ✅ Yes |
💻VPS | ✅ Yes | ✅ Yes | ✅ Yes |
➡️AutoChartist | None | ✅Yes | None |
✴️Trading View | None | None | None |
🛎️Trading Central | ✅ Yes | None | None |
📊Market Analysis | ✅ Yes | ✅ Yes | ✅ Yes |
📰News Feed | ✅ Yes | ✅ Yes | ✅ Yes |
🖥️Blog | ✅ Yes | ✅ Yes | ✅ Yes |
AvaTrade also offers Singaporean traders the following additional Research and Trading Tools:
- ✅ Technical Analysis Indicators
- ✅ Economic Indicators
- ✅ Economic calendar
- ✅ Trading Strategies
- ✅ AvaProtect Risk Management
- ✅ Trading Central
- ✅ Trading Calculators
- ✅ Earnings Releases
- ✅ Fundamental Analysis
- ✅ Technical Analysis
Pros and Cons AvaTrade Education and Research
✅ Pros | ❎ Cons |
AvaTrade offers a complete educational suite with everything that beginners need to get started | The demo account is only valid for 21 days |
There is a free demo account available across trading platforms | Mobile platforms might lack the advanced features of their web and desktop counterparts |
Is AvaTrade’s educational content updated regularly?
Although specific information about the frequency of changes is unavailable, educational platforms generally maintain their current content.
Is there a fee for accessing AvaTrade’s educational resources?
No, AvaTrade offers its educational resources free of charge.
AvaTrade Customer Support
👥 Customer Support | 👩👧👧AvaTrade Customer Support |
🕰️Operating Hours | 24/5 |
🗣️Support Languages | Multilingual |
📌Live Chat | ✅ Yes |
💻Email Address | N/A |
☎️Telephonic Support | ✅ Yes |
💯The overall quality of AvaTrade Support | 5/5 |
Quality of Customer Service
Our interaction with AvaTrade’s customer service has been positive. The customer service personnel is competent, attentive, and accessible via various channels, including live chat, email, and phone.
We appreciated the swift response times and the team’s ability to resolve queries successfully. The ability to provide customer support in several languages is a huge benefit since it reduces communication barriers.
Furthermore, their website’s large FAQ area and instructional tools have been beneficial in resolving frequent issues and expanding our trading knowledge. The quality of AvaTrade’s customer service compliments its whole trading offering.
AvaTrade Response Time
🔍Support Channel | ⏰Average Response Time | 🕰️User-based Response Time |
☎️Phone | 5 minutes | 2 – 5 minutes |
1 working day | Same-day | |
🗣️Live Chat | 5 – 10 minutes | 2 – 5 minutes |
📱Social Media | 1 hour | 2 – 5 minutes |
🤝Affiliate | 1 working day | Same-day |
Pros and Cons AvaTrade Customer Support
✅ Pros | ❎ Cons |
AvaTrade offers multilingual customer support to global traders | Customer support is only available during the week, aligned with market hours |
AvaTrade is available across social media platforms and can be reached via email, phone, and live chat | There is no local office in Singapore |
What are the operating hours of AvaTrade’s Customer Services team?
AvaTrade’s customer support is offered 24 hours a day, 5 days a week.
Is there an FAQ section for customer support?
Yes, AvaTrade has a FAQ & Help Centre for customer support questions.
AvaTrade VPS Review
AvaTrade provides Singaporean traders with a Virtual Private Server (VPS) service, ensuring a dependable and uninterrupted trading experience. The VPS has a 99.9% uptime guarantee and is hosted in a secure data centre, which is critical for traders wanting to capitalize on market opportunities around the clock.
It is especially useful for automated traders because it integrates seamlessly with MetaTrader 4 and 5 and is compatible with Expert Advisors (EAs). AvaTrade offers customizable VPS plans and prices to meet a variety of purposes.
An introductory offer allows traders to try out the complete VPS service for seven days for just $0.99, allowing them to assess the service before committing to a longer-term commitment. This VPS service is ideal for Singaporean traders seeking a reliable and effective trading platform.
Can I access AvaTrade’s VPS from anywhere?
Yes, as long as you have an internet connection, you may access AvaTrade’s VPS from anywhere, giving mobile traders flexibility and convenience.
Can AvaTrade’s VPS improve my trading efficiency?
Yes, AvaTrade’s VPS can boost trading efficiency, particularly for Singaporean traders looking for a reliable and efficient environment, because it allows strategies to run constantly without needing a computer.
AvaTrade Corporate Social Responsibility
AvaTrade has successfully implemented Corporate Social Responsibility (CSR) into its essential business framework, displaying a strong commitment to finance sector sustainability.
AvaTrade actively promotes environmentally friendly investment options, aligning its efforts with financial sector sustainability.
Their CSR initiatives employ a broad and diverse strategy. AvaTrade demonstrates environmental stewardship and philanthropic activities unrelated to the company’s principal commercial operations. Ethical operational methods are followed, and financial viability is prioritized.
Social Trading with AvaTrade
The social trading capabilities of AvaTrade provide Singaporean traders with a dynamic and interesting method to participate in financial markets.
AvaTrade caters to Singapore traders’ different interests and demands by merging three prominent platforms: AvaSocial, DupliTrade, and ZuluTrade.
DupliTrade
This platform especially benefits novices or those who want a more passive trading style. DupliTrade makes trading easier by allowing traders to replicate the transactions of professional traders automatically.
Singaporean traders can select strategy providers based on risk tolerance, trading style, and past performance. This function is great for people who want to learn from experienced traders while actively participating in the markets.
ZuluTrade
ZuluTrade is a global brand that connects Singaporean traders with a global network of investors and traders. It provides a wide range of alternatives for traders, with risk management and performance history considered.
The user-friendly design of ZuluTrade appeals to both new and experienced traders, giving a platform where users can mimic great traders’ tactics and adapt them to their trading.
AvaSocial
This platform is notable for its emphasis on community. It emphasizes the social side of trading by allowing users to engage in real-time, share ideas, and follow or repeat peers’ trades.
AvaSocial is particularly appealing to those who value community learning by providing a forum for conversations and exchanging ideas regarding trading methods. This interactive setting promotes both learning and networking among traders.
These platforms, when combined, create a thriving social trading environment for Singaporean traders. They provide an opportunity to learn from experienced traders, exchange ideas, and improve trading tactics.
Because of this integration into AvaTrade’s sophisticated trading infrastructure, the social trading experience is not only instructional but also extremely practical.
The combination of trading knowledge and social connection in AvaTrade’s social trading choices makes it an appealing alternative for Singapore traders, catering to various trading styles and preferences.
Are there any specific platforms for AvaTrade’s social trading?
Yes, AvaTrade provides social trading platforms such as AvaSocial, DupliTrade, and ZuluTrade. Each platform has its own set of features that appeal to distinct areas of social trading.
Is AvaTrade’s social trading suitable for beginners?
Yes, AvaTrade’s social trading is perfect for beginners since it allows them to learn from and mimic experienced traders’ trades, lowering the steep learning curve of trading.
AvaTrade Trading Signals
Trading Signals from AvaTrade are an important feature for Singaporean traders, strengthening their trading approach on the platform and mobile app. These signals provide actionable buy and sell suggestions based on extensive technical or fundamental analysis.
They make discovering profitable trading opportunities easier by offering clear recommendations on asset selection and market direction. The Trading Signals feature’s user-friendly interface works smoothly with MetaTrader 4 and 5, assisting traders in making educated decisions.
AvaTrade’s Trading Signals are powered by powerful AI technology, which ensures accuracy and timeliness while catering to traders of all experience levels.
This signal integration within AvaTrade’s platform streamlines the trading process, improving the experience with perceptive cues required for profitable trading. This feature combines creativity and functionality, making it a useful tool for Singaporean traders.
How frequently are the Trading Signals updated?
The frequency at which AvaTrade’s Trading Signals are updated is determined by market circumstances and the specific instrument. The AI technology ensures that the signals are updated regularly, incorporating the most recent market trends and analysis.
Is there a cost associated with using AvaTrade’s Trading Signals?
There is no mention of additional fees for using AvaTrade’s Trading Signals. These are typically offered as part of the platform’s functionality, but traders should double-check any associated expenses.
AvaTrade Cashback Rebates Features and Conditions
The cashback incentive scheme at AvaTrade is very beneficial for active Singaporean traders. For each trade performed, the software offers reimbursements of up to 20% of the spread on MetaTrader 4 or up to 0.35 pips.
These rebates efficiently reduce spread and transaction costs, lowering overall trading expenditures and increasing success potential. The software is designed for retail and professional traders and is available on AvaTrade’s single live trading account.
Rebates are computed using specified units for commodities such as gold, silver, and oil and a single contract for other commodities. This structure makes it simple for traders to amass cashback rewards as their trading volume increases, providing a meaningful incentive to Singapore’s regular traders.
Is there a minimum trading volume required to qualify for cashback rebates?
Yes, AvaTrade may impose a minimum trading volume requirement to qualify for cashback rebates. For more information, traders should review the rebate program’s individual terms and conditions.
Are there any specific trading instruments that qualify for the cashback rebates?
Yes, the cashback rebates apply to a wide range of AvaTrade trading assets, including forex, commodities, and indices.
AvaTrade Web Traffic Report
🌐Global Rank | 1,861,048 |
🌎Country Rank | 22,256 |
📌Category Rank | 230 |
🔢Total Visits | 22,000 |
➡️Bounce Rate | 54.7% |
📖Pages per Visit | 2.3 |
⏱️Average Duration of Visit | 00:02:05 |
📆Total Visits in the last three months | September – 19,000 October – 45,500 November – 22,000 |
AvaTrade Sponsorships
AvaTrade has entered into a strategic sponsorship deal with the highly acclaimed Aston Martin Aramco Cognizant Formula One team to increase brand recognition. AvaTrade demonstrates its commitment to expanding into new markets by forming this alliance.
The clear placement of AvaTrade’s emblem on the AMR 23 vehicle during the F1 season in 2023 demonstrates the relevance of motorsports.
Furthermore, delivering special promos and incentives related to recognized AMAF events for their valued clients worldwide demonstrates that AvaTrade aims to provide immersive experiences inside their ecosystem community beyond racing participation.
AvaTrade Geographic Reach and Limitations
AvaTrade’s Current Expansion Focus
AvaTrade is expanding globally in Australia, Europe, Africa, Asia, and several other regions.
Countries not accepted by AvaTrade
AvaTrade does not accept traders from the following countries:
- ✅ United States
- ✅ Belgium
- ✅ New Zealand
- ✅ Cuba
- ✅ Iran
- ✅ Syria
Popularity among Singaporean traders who choose AvaTrade
AvaTrade is one of the top 5 forex and CFD brokers for Singaporean traders.
Are there any limitations on AvaTrade’s leverage based on geographic location?
Yes, leverage options may differ depending on the country in which the trader is located.
Is AvaTrade regulated in all the countries it operates in?
Yes, AvaTrade is governed by the laws of the jurisdictions where it has a physical presence and provides its services.
AvaTrade – Best Countries by Traders
🌎Country | 🔍Market Share |
🥇South Africa | 91.68% |
🥈Italy | 6.17% |
🥉India | 4.75% |
🏅United Kingdom | 2.03% |
🏆Cyprus | 0.89% |
AvaTrade vs FP Markets vs FXTM – A Comparison
🔍Broker | 🥇AvaTrade | 🥈FP Markets | 🥉FXTM |
📈Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | CySEC, FSCA, ASIC, FSC, FSA | CySEC, FSCA, FCA, CMA, FSC Mauritius |
📊Trading Platform | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | MetaTrader 4 MetaTrader 5 FXTM Trader |
💵Withdrawal Fee | None | ✅ Yes | ✅ Yes |
🗂️Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
💷Min Deposit | 130 SGD | 90 SGD | 10 SGD |
📊Leverage | 1:30 (Retail) 1:400 (Pro) | 1:500 | 1:2000 |
📝Spread | Fixed, from 0.9 pips | 0.0 pips | 0.0 pips, Variable |
💶Commissions | None | From US$3 | From $0.4 to $2 |
🛑Margin Call/Stop-Out | 25% - 50% (M) 10% (S/O) | 100%/50% | 40% to 50% (M) 60% to 80% (S/O) |
🧑⚖️Order Execution | Instant | Market | Market, Instant |
🎁No-Deposit Bonus | None | None | None |
💰Cent Accounts | None | None | None |
🗂️Account Types | Retail Account Pro Account Islamic Account | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account | Micro Account Advantage Account Advantage Plus Account |
📈MAS Regulation | None | None | None |
➡️SGD Deposits | None | ✅ Yes | None |
📌SGD Account | None | ✅ Yes | None |
🕰️Customer Service Hours | 24/5 | 24/7 | 24/5 |
👉Retail Investor Accounts | 1 | 4 | 3 |
☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
⬇️Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
⬆️Maximum Trade Size | Unlimited | 50 lots | 100 lots |
⌚Minimum Withdrawal Time | 24 to 48 Hours | Instant | Instant up to 24 hours |
⏰Maximum Estimated Withdrawal Time | Up to 10 days | Up to 10 working days | Up to 5 working days |
💳Instant Deposits and Instant Withdrawals? | None | ✅ Yes | ✅ Yes, instant deposits |
Broker Comparison for a Range of Markets
🔍Broker | 🥇AvaTrade | 🥈FP Markets | 🥉FXTM |
➡️Forex | ✅ Yes | ✅ Yes | ✅ Yes |
💍Precious Metals | ✅ Yes | ✅ Yes | ✅ Yes |
🥇ETFs | ✅ Yes | None | None |
🥈CFDs | ✅ Yes | ✅ Yes | ✅ Yes |
🥉Indices | ✅ Yes | ✅Yes | ✅Yes |
📊Stocks | ✅ Yes | ✅ Yes | ✅ Yes |
💰Cryptocurrency | ✅ Yes | ✅ Yes | ✅ Yes |
👉Options | ✅ Yes | None | None |
🛢️Energies | ✅ Yes | ✅ Yes | ✅ Yes |
✏️Bonds | ✅ Yes | None | None |
AvaTrade Alternatives
- 🥇 OctaFX provides Singaporean traders with competitive low spreads beginning at 0.4 pips, making it suitable for cost-effective trading. MetaTrader 4 and 5 are supported, catering to novice and expert traders. In addition, OctaFX offers a copy trading service, which allows users to mimic the methods of successful traders, which is useful for newbies.
- 🥈 Exness distinguishes itself with its infinite leverage, a feature that can greatly increase prospective profits for skilled Singaporean traders. The site provides instant withdrawal options, allowing users to access funds quickly. Exness offers various financial instruments, such as forex, metals, cryptocurrencies, energy, and indexes.
- 🥉 With its seamless connection with ZuluTrade, a prominent social trading platform, AAAFx is intended for Singaporean traders. This integration makes copy trading accessible to those who are new to trading. AAAFx also provides reasonable spreads and a commission-free trading environment, making it affordable for frequent traders.
AvaTrade Awards and Recognition
AvaTrade received the following recent awards and recognition:
- ✅ Best Online Trading Platform in 2023 in UAE – Global Brands Magazine
- ✅ Most Reliable Trading Platform LATAM (2023) – World Economic Magazine
- ✅ Best Affiliate Program (2023) – Jordan Financial Innovation Awards
- ✅ Best Affiliate Programme UAE in 2023 – Global Business Review Magazine
- ✅ Best Mobile Trading Platform in Spain (2023) – Financial Derivative
- ✅ Top 10 Hot Brands of the Year (2023) – The Ceoviews
- ✅ Most Trusted Broker in 2023 – International Investor
- ✅ Best Education in 2023 (UK) – Global Business Magazine
and many, MANY more!
Our Experience with AvaTrade
In our experience, AvaTrade is an excellent broker for Singaporeans. The platform distinguishes itself with its user-friendly design and the variety of trading instruments offered to beginner and professional traders.
The incorporation of new tools and analytics has greatly improved our trading tactics. The commitment of AvaTrade to regulatory compliance across various jurisdictions instils trust and security, which is critical while trading in volatile markets.
Because it offers local currency trading alternatives and access to worldwide markets, AvaTrade is an excellent choice for Singaporean traders searching for a comprehensive and dependable trading platform.
AvaTrade Trading Platform
We were delighted by the diversity and effectiveness of the AvaTrade trading platform. The availability of MetaTrader 4 and 5 and their proprietary AvaTradeGO mobile software allows for a consistent trading experience across devices.
We discovered the platforms are well-equipped with comprehensive charting tools, technical indicators, and automated trading options, useful for in-depth market study and strategy implementation.
The platform’s user-friendly design makes it simple for newcomers to browse while providing the depth required by more experienced traders. Overall, AvaTrade’s trading platform achieves an outstanding combination of technology and use.
Recommendations according to our in-depth review of AvaTrade
- ✅ Offering customer care in local languages and during Singapore office hours would improve the service experience for Singaporean clients.
- ✅ Extending the selection of currency pairs to include more SGD-based pairs would cater primarily to Singaporean traders’ requirements and interests.
- ✅ More customized instructional content and training resources tailored to Singapore would be advantageous, particularly for beginning traders.
- ✅ More local payment alternatives for deposits and withdrawals would benefit Singaporean traders.
- ✅ Creating a local trading community through events, webinars, and forums could give Singaporean traders a sense of belonging and provide networking opportunities.
- ✅ Seeking regulation from the Monetary Authority of Singapore (MAS) would greatly increase trust among local traders, adding an extra degree of security and compliance.
- ✅ AvaTrade would appeal more to casual or infrequent traders if it offered more competitive spreads and reduced non-trading expenses like inactivity fees.
- ✅ Creating tools and features exclusive to the Singapore financial market could give traders a strategic advantage.
AvaTrade Customer Reviews
🥇 User-Friendly!
“I started using AvaTrade based on recommendations from friends, particularly because of its favorable conditions for beginners. I initially considered the website’s plethora of platforms, assets, and account settings extremely daunting. I was fortunate to find automated trading to be effective.” – Rui Martinez (July 2023)
🥈 Trustworthy Brokers!
“I looked at various brokers before opting for AvaTrade. I searched for a trustworthy broker with registered licenses, simple and safe fund withdrawal, and speedy order processing. I’m pleased with my decision, thanks to their favorable terms, prompt customer service, and overall great experience.” – Min Ong (March 2023)
🥉 Excellent Customer Support!
“The AvaTrade customer support agent was helpful and efficient in opening my account and depositing funds. She rapidly grasped my problems, highlighted my errors, and provided specific recommendations.’ – Evelyn Tan (December 2023)
Pros and Cons of Trading with AvaTrade
✅ Pros | ❎ Cons |
AvaTrade is one of the largest brokers with a high trust score and multiple regulations | AvaTrade is not locally regulated in Singapore by the MAS |
Commissions are not charged on trades; only the spread is charged | There are no SGD-denominated accounts |
Singaporeans can trade popular instruments like USD/SGD and GBP/SGD with competitive spreads | AvaTrade’s spreads are quite high on exotic pairs |
AvaTrade has won several rewards in recent years across categories | AvaTrade charges inactivity fees |
Traders can access over 1,260 financial instruments when they use MetaTrader 5 | Currency conversion fees might apply |
There are several third-party and proprietary trading platforms available across devices | There are limited payment methods for deposits and withdrawals |
Singaporean traders can use automated trading platforms | There are limited retail account options |
All client funds are securely held in segregated accounts | Customer support is not offered 24/7 |
In Conclusion
Our final opinions on AvaTrade for Singaporean traders portray a picture of a solid and all-encompassing trading platform.
AvaTrade distinguishes itself through its solid regulatory structure, which provides a sense of security and trustworthiness essential in the turbulent world of online trading.
Our research shows that the platform’s integration with advanced trading tools and platforms such as MetaTrader 4 and 5, as well as its own AvaTradeGO mobile app, caters to a wide range of trading tastes and degrees of competence.
Furthermore, this adaptability is a big benefit for Singaporean traders looking for a blend of complex capabilities and user-friendly interfaces.
In our experience, the availability of various trading instruments, such as forex, CFDs, and cryptocurrencies, allows Singaporean traders to diversify their portfolios. Furthermore, AvaTrade’s instructional resources and customer service are excellent, making it an excellent alternative for new traders and seasoned pros.
However, traders should evaluate the platform’s fee structure, including inactivity fees and the lack of regulation by Singapore’s MAS. AvaTrade’s dedication to offering a safe, transparent, and comprehensive trading environment is clear regardless of these factors.
AvaTrade Risk Warning and Disclaimer for traders: Trading with AvaTrade, like any other financial trading activity, includes inherent dangers that Singaporean traders must be aware of. Leverage can magnify gains and losses, potentially resulting in a loss greater than your initial investment.
Volatility and swings in the market can have a substantial impact on the value of trades. While AvaTrade provides various risk management tools and services, traders must recognize that past success does not indicate future results.
Each trader must carefully examine their risk tolerance and trading plan. It is best to only trade with money you can afford to lose.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
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 other factors?
- ✅ Have you experienced issues with AvaTrade, such as difficulty withdrawing funds, inability to verify regulations, unresponsive 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 volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Singaporean investors.
Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Frequently Asked Questions
Can Singapore residents trade with AvaTrade?
Yes, Singapore residents can open an account with AvaTrade and trade.
Is AvaTrade Safe or a Scam?
AvaTrade is a trustworthy broker for Singapore traders. It is governed by numerous authorities, which increases its security and dependability.
Does AvaTrade have VIX 75?
Yes, AvaTrade offers VIX 75 to Singaporeans.
Is online Forex trading legal in Singapore?
Yes, online Forex trading is permitted and regulated in Singapore by the Monetary Authority of Singapore (MAS).
Is AvaTrade regulated?
Yes, AvaTrade is subject to effective regulation in several jurisdictions. AvaTrade is governed by IIROC, CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, and KNF laws.
What trading platforms does AvaTrade Singapore offer?
AvaTrade Singapore offers a variety of platforms, including MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, and WebTrader, to accommodate a wide range of trading needs.
Does AvaTrade have Nasdaq 100?
Yes, AvaTrade offers Nasdaq 100 as an Index CFD and CFD shares featured on the index under the symbol “US TECH 100.”
Are there any fees or commissions for trading with AvaTrade in Singapore?
AvaTrade provides commission-free trading on all account types. Other fees include spreads (for example, 3.3 pips for USD/SGD), swap fees for positions maintained overnight, and inactivity fees if the account is dormant for a lengthy period.
What is the minimum deposit for AvaTrade in Singapore?
To begin trading with AvaTrade in Singapore, a minimum investment of $100 or 130 SGD is required.
How long does it take to withdraw from AvaTrade?
The withdrawal time depends on the procedure and might range from a few hours to ten days.
What customer support options does AvaTrade provide in Singapore?
AvaTrade provides customer help via several channels, and their support team can be reached with any trading-related questions.