| AvaTrade Minimum Deposit Summary | |
|---|---|
| AvaTrade Minimum Deposit | CAD 300 |
| Deposit Methods | Bank Wire Transfer, Credit/Debit Cards, e-Wallets |
| Account Types | AvaTrade Retail Account |
| Deposit Fees | No Fees |
| Account Base Currencies | USD, CAD |
| Withdrawal Fees | No Fees |
| Visit AvaTrade | |
AvaTrade Canada minimum deposit is C$300.
If you’re a trader and considering trading CFDs and the forex markets with AvaTrade, you’ll likely have one question in mind: “How much do I need to get started?”. Let’s break down their minimum deposit requirements, payment options, timelines, and other things you should know before you jump in.
What is the minimum deposit for AvaTrade?
The minimum deposit to open a live trading account with AvaTrade in Canada is CAD 300. However, remember this minimum deposit is just the amount to unlock your account. If you want to execute big trades or use certain strategies, you’ll probably need a larger starting balance. AvaTrade offers only one trading account type, which is the Retail Account.
This accounts is discussed further in our AvaTrade review.
Accepted Deposit Methods on AvaTrade Canada
AvaTrade offers a range of ways to deposit into your trading account:
1) Credit/Debit Cards (Visa, MasterCard): You can use your credit or debit card to make a deposit on AvaTrde. You need to deposit a minimum of C$300, and your account will usually get credited instantly.
You can also withdraw funds to your card – you need a minimum of C$1 to withdraw, and while AvaTrade processes it within 24-48 hours, expect it to take up to 5 business days for the money to actually appear in your bank account.
AvaTrade generally won’t charge you fees for card transactions. But your card processor may charge an independent fee on their end.
2) Bank Wire Transfers: If you want to deposit larger sums, AvaTrade offers bank transfer option deposit. The minimum for both deposit is CAD 300 while the minimum for withdrawal is CAD 100.
It usually takes up to 10 business days for deposits to clear and appear in your trading account. It also takes about 10 business days for the money to hit your bank account after initiating a withdrawal.
AvaTrade typically offers free deposits and withdrawals but your bank might charge some independent fees for bank wire transfers.
3) E-wallets (Skrill, Neteller, and others): E-wallets are supported for deposits and withdrawals on AvaTrade.
The minimum deposit on AvaTrade is C$300. Deposits are usually credited to your account within 24 hours.
If you are withdrawing, the minimum amount is C$1 and AvaTrade processes it within 24-48 hours. The funds should then hit your e-wallet within a day or two. Your payment processor may charge an independent, but AvaTrade offers free deposits and withdrawals.
Note: CFD trading is risky
AvaTrade Deposit Methods Table
The table below shows the funding method supported by AvaTrade in Canada.
| Deposit Methods | Availability | Minimum Deposit | Charges | Processing time |
|---|---|---|---|---|
| Internet banking/bank transfers | Yes | CAD 300 | Nil | Up to 10 business days |
| Cards | Yes | CAD 300 | Nil | Instant |
| E-wallet | Yes (Skrill & Neteller) | CAD 300 | Nil | 24 hours |
AvaTrade Deposit Rules
1. Deposit Fees: While AvaTrade itself doesn’t usually charge deposit fees or withdrawal fees, you should double-check with your bank or payment provider in case they have their own separate costs.
2. Deposit Time: You can initiate deposits and withdrawals from your trading account at any time, on any day. However, in cases where instant processing is not feasible, you may experience a wait time of up to 24 hours for deposits and up to a few days for withdrawals.
3. Payment Source: Funds must come from bank accounts, cards, or e-wallets in your own name, that is the name that is on your trading account. Third-party deposits or withdrawals aren’t allowed.
Be prepared to verify your identity and address before you can make any deposit – this is required by regulators to prevent things like money laundering.
How do I deposit money into my AvaTrade account?
Step 1) Log in to your AvaTrade client area via myvip.avatrade.ca.
Step 2) On menu bar that is to the left, select ‘Deposits’, then select ‘Fund Your Account and choose preferred deposit method.
Step 3) Choose the preferred deposit method you want to use.
Step 4) Input the amount you want to deposit, then provide the required information (like your card number or e-wallet credentials).
Step 5) Review everything carefully and click the “Deposit” button.
Note: Please keep in mind that AvaTrade only approves deposits from accounts or payment methods that bear the same name as your AvaTrade trading account.
Comparison Of AvaTrade Minimum Deposit With Other Brokers
Here is a comparison of AvaTrade minimum deposit with that of their competitors.
| Broker | Minimum Deposit |
|---|---|
| AvaTrade | C$300 |
| CMC Markets | C$0 |
| FXCM | C$50 |
| Forex.com | C$100 |
| OANDA | C$0 |
| FBS | C$1 |
Note: CFD trading is risky
AvaTrade Minimum Deposit Canada
Is AvaTrade regulated in Canada?
Yes, AvaTrade is regulated by the Canadian Investment Regulatory Organisation (CIRO) through a license of Friedberg Mercantile Group Limited.
Can I withdraw all my money on AvaTrade?
Yes, generally you should be able to withdraw all your available funds from your AvaTrade account, provided that you don’t have any open positions or margin requirements limiting it. It’s good practice to check your account balance and confirm any restrictions before initiating a full withdrawal.
How much does it cost to withdraw money from AvaTrade?
Generally, AvaTrade does not charge any deposit or withdrawal fee. So the amount you deposit is what you will see in your trading account and the amount you withdraw is what you get in your bank account or card. However, note that your bank or payment may charge an independent fee.
Is AvaTrade available in Canada?
Yes, AvaTrade offers its services to traders based in the Canada. Canadian traders are registered under licence of Friedberg Mercantile Group Limited which is regulated by Canadian Investment Regulatory Organisation (CIRO).
What is the minimum deposit with AvaTrade?
CAD 300 is the standard minimum deposit to open a live trading account with AvaTrade in Canada or equivalent of your chosen account currency. This applies to all payment methods (cards, bank transfer and e-wallets).
Can I deposit $10 on AvaTrade?
No, the minimum deposit on AvaTrade is C$300 and $10 deposits are not accepted.
How much does it cost to deposit on AvaTrade?
AvaTrade offers free deposits to traders. This means there are no charges and the amount of money you deposit is what you will be reflected in your trading account.
How long does it take for AvaTrade to deposit money?
The time varies for different payment methods. Card deposits are credited instantly, deposits via e-wallets are credited to your trading account within 24 hours and bank transfers can take up to 10 days for the funds to be added to your account.
Note: Your capital is at risk