Avatrade review

Avatrade Review

Updated : March 27, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 100/350,000 Ugandan Shilling

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

AvaTrade Overview

AvaTrade Review Overview Uganda

 

👉 AvaTrade Accepts Ugandan Clients and has an average spread from 0.9 pips EUR/USD with no commission charges. AvaTrade has a maximum leverage ratio up to 1:30 on Retail Accounts and 1:400 on Pro Accounts, and there is a demo and Islamic account available.

 

👉 AvaTradeGO, MetaTrader 4, MetaTrader 5, and several other platforms are supported. AvaTrade is headquartered in Dublin, Ireland and is regulated by the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.

 

👉 AvaTrade is an FX and CFD broker that was founded in 2006 and has since evolved to become one of the world’s leading trading organizations. AvaTrade today boasts 300,000 registered traders, processes over 3 million transactions each month, and has transacted over $1.47 trillion in value since its inception.

 

👉 AvaTrade is regulated by important regulatory bodies in numerous places across the globe. AvaTrade is based in Ireland, where the broker is regulated by the Central Bank of Ireland. AvaTrade is also a member of the DAC, which reimburses qualified consumers up to EUR 20,000 in the unlikely case of their broker’s insolvency.

 

👉 This AvaTrade review for Uganda will provide local retail traders with the details that they need to consider whether AvaTrade is suited to their unique trading objectives and needs.

 

AvaTrade Distribution of Traders

👉 AvaTrade currently has the largest market share in these countries:

➡️️ South Africa – 11.64%

➡️️ Italy – 5.8%

➡️️ United Arab Emirates – 5.2%

➡️️ Australia – 4.7%

➡️️ United Kingdom – 4.05%

 

Popularity among traders who choose AvaTrade

🥇 Although AvaTrade does not have a significant market share in Uganda, the broker welcomes traders regardless of their trading style or aims, earning the broker a spot in the Top 20 FX and CFD brokers for Ugandan traders.

 

AvaTrade At a Glance

🏛 HeadquarteredDublin, Ireland
✅ Accepts Uganda traders?Yes
🗓 Year Founded2006
📞 Uganda traders Office Contact NumberNone
🤳 Social Media Platforms• Twitter
• Instagram
• Facebook
• YouTube
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
🪪 License NumberIreland (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)
⚖️ CMA Uganda RegulationNo
🚫 Regional RestrictionsIran, Belgium, and the United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts1 (Retail and Professional Option)
📊 PAMM AccountsNo
🤝 Liquidity ProvidersCurrenex, and other bank and non-bank entities
💸 Affiliate ProgramYes
📲 Order ExecutionInstant
📊 Average spreadFrom 0.9 pips
📞 Margin Call50% on Retail, 25% on AvaOptions Accounts
🛑 Stop-Out10%
✅ Crypto trading offered?Yes
💰 Offers a UGX Account?No
👨‍💻 Dedicated Ugandan Account Manager?No
📊 Maximum Leverage1:30 (Retail)
1:400 (Pro)
🚫 Leverage Restrictions for Uganda?No
💰 Minimum Deposit (UGX)350,000 Ugandan Shilling or an equivalent to $100
✅ Uganda Shilling Deposits Allowed?No
📊 Active Uganda traders Trader Stats100,000+
👥 Active Uganda traders-based AvaTrade customersUnknown
💳 Uganda Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 trillion
💵 Deposit and Withdrawal Options• Wire Transfer
• Electronic Payment Gateways
• Credit Cards
• Debit Cards
🏦 Segregated Accounts with Uganda traders Banks?No
📊 Trading Platforms• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
✔️ Tradable Assets• Forex
• Stocks
• Commodities
• Cryptocurrencies
• Treasuries
• Bonds
• Indices
• Exchange-Traded • Funds (ETFs)
• Options
• Contracts for • Difference (CFDs)
• Precious Metals
💸 Offers USD/UGX currency pair?No
📈 USD/UGX Average SpreadN/A
📉 Offers Uganda traders Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, and several others
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Uganda traders-based customer support?No
✅ Bonuses and Promotions for Uganda tradersYes
📚 Education for Uganda beginner tradersYes
📱 Proprietary trading softwareYes
💰 Most Successful Ugandan TraderUnknown
✅ Is AvaTrade a safe broker for Ugandan traders?Yes
📊 Rating for AvaTrade Uganda9/10
🤝 Trust score for AvaTrade Uganda93%
👉 Open an account👉 Open Account
🚀Service descriptionfinancial instruments and multiple trading platforms, operating since 2006.
✴️ Instruments offered800+
✴️ InstrumentsMetals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
✴️ Total offered per instrumentCFD – 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,
💰 Bonus20% welcome bonus accordengly to regulation
👥 SponsorshipCurrently with Bolt
📈 Account TypesReal Account, Demo Account, Islamic Account. Options Account
📈 Demo Account DescriptionFree Demo Accounts with $100,000. No limitations on the number of demo accounts. 21 days limitation
📈 Related lot sizesStandard, Mini and Micro lots size
Standard, Mini and Micro lots sizeUS, North Korea, New Zealand, Iran, Belgium
📊 Average deposit/withdraw processing timeDepends on the method used. – CC and e-payments is immediate. Bank wire can take up to 7 business days depending on the banking institution

AvaTrade Regulation and Safety of Funds

Avatrade regulation Uganda

 

AvaTrade Regulation in Uganda

👉 AvaTrade is not regulated by the Capital Markets Authority (CMA) in Uganda.

 

AvaTrade Global Regulations

👉 While not locally regulated in Uganda, AvaTrade is well-regulated by these entities:

➡️ In Ireland, where AvaTrade is headquartered, AVA Trade EU Ltd is regulated by the Central Bank of Ireland (CBI).

➡️ In Cyprus, the Cyprus Securities and Exchange Commission (CySEC) regulates DT Direct Investment Hub Ltd., a subsidiary of the group. Investment Hub Ltd. is a regulated investment company governed by the Markets in Financial Instruments Directive (MiFID).

➡️ In Poland – AVA Trade EU Ltd runs a branch according to a license granted by the Polish Financial Supervision Authority (KNF) to AvaTrade EU.

➡️ In the British Virgin Islands – AVA Trade Ltd is regulated by the British Virgin Islands Financial Services Commission (BVI FSC).

➡️ AvaTrade operates in Australia under the trading name Ava Capital Markets Australia Pty Ltd. The broker is subsequently well-regulated by the Australian Securities and Investments Commission (ASIC), the Australian regulatory body that oversees clients in the country. It helps ensure that financial services are operated fairly and transparently.

➡️ In South Africa – the South African Financial Sector Conduct Authority (FSCA) regulates Ava Capital Markets Pty.

➡️ In Japan, the Japanese Financial Services Authority (JFSA) along with the Financial Futures Association of Japan (FFAJ) regulate Ava Trade Japan K.K.

➡️ In Abu Dhabi – Ava Trade Middle East Ltd is regulated by Abu Dhabi Global Markets’ Financial Regulatory Services Authority (ADGM FRSA).

➡️ In Israel – AvaTrade is a trading name for ATrade Ltd, an Israeli corporation that is well-regulated and supervised by the Israel Securities Authority (ISA).

➡️ In Canada – Friedberg Direct establishes and maintains accounts and performs transactions via a subsidiary of the AvaTrade group of companies. Through this subsidiary, AvaTrade also has regulations and is overseen by the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian stock exchanges.

 

AvaTrade Client Fund Security and Safety Features

👉 AvaTrade is one of the most well-known CFD and FX brokers in the world because of its stringent regulation and authorization, with Ugandan customer assets maintained in segregated accounts at top-tier banks in each country.

 

👉 AvaTrade is a European member of the Investor Compensation Company Limited, which offers extra money protection to European clients.

 

👉 Not only is AvaTrade registered and regulated, but the broker is also devoted to offering a secure, fair, and transparent trading environment in which all customers are treated fairly and have access to the finest trading conditions available.

 

AvaTrade Awards and Recognition

👉 AvaTrade’s most recent awards are as follows:

➡️ AvaTrade was awarded with the “No.1 Innovation Award” in 2021.

➡️ AvaTrade received the “Top Brand Award” in 2021, issued by the CEO Reviews.

➡️ AvaTrade has been named the “Best Retail Broker UAE” in 2021 and was issued with an award by Global Business Review Magazine.

➡️ AvaTrade received an award from Compare Forex Broker for being the “Best Fixed Spread Broker” in 2021.

Overall Rating

Min Deposit

USD 100/350,000 Ugandan Shilling

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

AvaTrade Account Types and Features

AvaTrade Review Account Types Uganda

 

👉 AvaTrade only offers one live trading account which can be registered either as a Retail Account or as a Professional Account. In every region where AvaTrade options traders have different options through which they can trade. These options per region are as follows:

➡️ Europe (Ava Trade EU Ltd) – Retail, Professional, Options, and Spread Betting account.

➡️ Europe (DT Direct Investment Hub Ltd) – Retail, Professional, and Options account.

➡️ British Virgin Islands – Standard, Options

➡️ Australia – Standard, Options

➡️ South Africa and Namibia – Standard, Options

➡️ Japan – Retail, Options

➡️ Abu Dhabi – Retail, Professional, Options

➡️ Israel – Standard, Options

 

AvaTrade Live Trading Accounts

Retail Investor Account

AvaTrade Review Retail Investor Account Uganda

 

👉 This is the standard account offered by AvaTrade that has the following unique features:

Account FeaturesValue
💰 Minimum Deposit Requirement350,000 Ugandan Shilling or an equivalent to 100 units in ZAR, USD, GBP, or AUD
💵 Base Account Currency OptionsZAR, USD, GBP, or AUD
📈 Maximum Leverage1:400 on forex majors
📊 Range of Markets offeredMore than 1,250 tradable instruments
💰 Trading Platforms• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
💸 Commissions on tradesNone
📊 Average spreadsFrom 0.9 pips EUR/USD
💵 Margin RequirementsFrom 0.25% when using leverage of 1:400
📞 Customer Support ChannelsSocial Platforms, Email Request, Telephone, WhatsApp, Live Chat
📚 Educational Materials offeredTrading Videos, Trading For Beginners, Trading Rules, Technical Analysis Indicators and Strategies, Economic Indicators, Market Terms, Order Types, Blog, Online Trading Strategies
🔨 Trading tools offeredAvaProtect, Trading Central, CFD Rollover, Economic Calendar, Trading Calculator, Earnings Releases, Analysis
✔️ Trading Strategies AllowedAll – scalping, swing trading, momentum trading, expert advisors, algorithmic trading, auto trading, etc.

 

Professional Account

Avatrade Review Professional Account Uganda

 

👉 The key contrast between Retail and Professional Accounts is that Professional Accounts have more power. Leverage on Retail Accounts is limited to 30:1 under European Securities and Markets Authority (ESMA) rules.

 

👉 The Professional Account offers leverage of up to 400:1 on major forex pairs. To qualify, you must have strong financial competence, shown trading activity in the past 12 months, and have a financial portfolio worth at least €500,000. Another noteworthy contrast is that retail accounts’ spreads are wider than those of professional accounts.

 

Options Trading

AvaTrade Review Options Trading Uganda

 

👉 Ugandan option traders could use AvaTrade to buy or sell a certain quantity of an asset at a pre-determined price and time. This is referred to as option trading.

 

👉 When retail traders in Uganda sell options, they have total control of both the product and the investment amount. Additionally, Ugandan traders can choose their own pricing structure and trading hours.

 

👉 AvaTrade offers both Call and Put options trading, where the buyer can purchase an instrument at a preset price by purchasing call options. Investors that believe the market is moving in a favourable direction will typically trade these options.

 

AvaTrade Base Account Currencies

👉 When Ugandan traders register an account with AvaTrade, they can choose between these base currencies:

➡️ ZAR

➡️ USD

➡️ GBP

➡️ AUD

 

AvaTrade Demo Account

AvaTrade Review Demo Account Uganda

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and AvaTrade offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

AvaTrade Islamic Account

AvaTrade Review Islamic Account Uganda

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 While AvaTrade offers an Islamic account to Muslim traders in Uganda, traders will encounter wider spreads when they use this account option. However, with this account option, Muslim traders are given access to the following financial activities:

➡️ Halal Gold and Silver Trading

➡️ Halal Oil Trading

➡️ Halal Indices Trading

➡️ Islamic Forex Trading

How to open an Account with AvaTrade in Uganda

👉 To register an account with AvaTrade, Ugandan traders can follow these steps:

 

👉  Step 1 – Visit the official website of Avatrade.

 

Locate to the official AvaTrade website where you will see a “register now” and “demo account” option.

How to open an Avatrade Account step 1 Uganda

 

👉 Step 2 – Click on the Register now / SIGN UP button.

 

Click on your desired choice from the 2 options offered by AvaTrade.

How to open an Avatrade Account step 2 Uganda

 

👉 Step 3 – Fill in all your personal details.

 

Complete the form by filling in all your required details for opening an account.

How to open an Avatrade Account step 3 Uganda

 

👉 Step 4 – Click the “Complete Registration” button.

 

Once you are finished filling in all your details you can click on the complete registration button.

How to open an Avatrade Account step 4 Uganda

 

👉 Step 5 – Verify your account.

 

Visit your email inbox and click on “Verify My Account”.

How to open an Avatrade Account step 5 Uganda

 

👉 Step 6 – Sign In to your dashboard.

 

Sign in to your dashboard with your username and password.How to open an Avatrade Account step 6 Uganda

 

👉 Step 7 – Complete KYC documents.

 

A Trader must complete all KYC documents to be fully vetted.

How to open an Avatrade Account step 7 Uganda

 

👉 Step 8 – Deposit money into your trading account.

 

Before you can start trading you first have to deposit money into your account.

How to open an Avatrade Account step 8 Uganda

 

🔥 Finally, you can start trading.

AvaTrade Vs JustMarkets Vs XM – Broker Comparison

AvaTradeJustMarketsXM
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISAFSAFSCA, IFSC, ASIC/AFSL, CySEC, DFSA
📱 Trading Platform• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• MetaTrader 5
• MetaTrader 4
• ZuluTrade
• JustMarkets App
• MetaTrader 4
• MetaTrader 5
💰 Withdrawal FeeNoNoneNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit350,000 UGX3256 UGX18535 UGX
📈 Leverage1:30 (Retail)
1:400 (Pro)
Up to 1:30001:888
📊 SpreadFixed, from 0.9 pipsFrom 0.0 pips0.0 pips
💰 CommissionsNone3 base currency units per lot/side$1 to $9
✴️ Margin Call/Stop-Out25%/10%40%/20%50%/20%, 100%/50% (EU)
✴️ Order ExecutionInstantMarketMarket, Instant
💳 No-Deposit BonusNoYesNo
📊 Cent AccountsNoYesNo
📈 Account Types• Standard Live Account
• Professional Account Option
• MetaTrader 4 Standard Cent Account
• MetaTrader 4 Standard Account
• MetaTrader 4 Pro Account
• MetaTrader 4 Raw Spread Account
• MetaTrader 5 Standard Account
• MetaTrader 5 Pro Account
• MetaTrader 5 Raw Spread Account
• Micro Account
• Standard Account
• XM Ultra-Low Account
• Shares Account
⚖️ CMA Uganda RegulationNoNoNo
💳 UGX DepositsNoYesYes
📊 Uganda Shilling AccountNoNoNo
👥 Customer Service Hours24/524/524/5
📊 Retail Investor Accounts174
☪️ Islamic AccountYesYesYes

Overall Rating

Min Deposit

USD 100/350,000 Ugandan Shilling

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

AvaTrade Trading Platforms

Avatrade trading platforms Uganda

 

👉 Every Ugandan trader can find a platform that works for them at AvaTrade since they are dedicated to making it easier for consumers to trade and invest online.

 

👉 It does not matter whether you have ever used a social media network before; I found them to be simple to use straight out of the gate. In addition, you may establish a free demo account to see whether you like them before committing any money.

 

👉 These trading platforms are open to traders of all skill levels and may be customized to meet your specific needs. Using a single AvaTrade account, you may trade a variety of instruments across several platforms.

 

👉 Each platform offers a wide range of financial instruments, a wide range of analytical tools, indicators, and charts, and an entertaining trading experience. AvaTrade offers Uganda traders a choice between these trading platforms:

➡️️ AvaTradeGO

➡️️ AvaOptions

➡️️ AvaSocial

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ DupliTrade

➡️️ ZuluTrade

 

Desktop Platforms

AvaTrade Review Desktop Platform Uganda

 

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ ZuluTrade (through MT4)

 

MetaTrader 4

👉 MT4 is one of the most popular trading platforms today, with millions of traders using it all around the world. MT4 provides a strong and adaptable trading platform. It is easy enough for beginner traders to utilize while yet providing enough extensive capabilities for more experienced traders.

 

👉 MetaTrader 4 is available for free download on desktop computers, and if you want to use automatic trading robots, MetaTrader 4 provides the most options of any platform.

 

👉 Within the platform’s marketplace, you can discover both free and paid add-ons, including robots. If you want to use automatic trading robots, MetaTrader 4 provides the most options of any platform.

 

MetaTrader 5

👉 There is a slew of new features in the latest version of the MetaTrader platform. These include powerful auto trading systems and the ability to imitate trading signals from other traders.

 

👉 However, even though MT5 offers more features and functionality, most traders still choose MT4, in part because of the substantial number of free lessons and tools that are currently accessible for it online.

 

ZuluTrade (through MT4)

👉 In terms of social trading platforms, ZuluTrade is one of the most popular and effective. When you use ZuluTrade, you can see other traders’ trading techniques, which you can then use to copy their signals into your AvaTrade account.

 

👉 In addition, trading methods can be selected to fit your unique risk choices and demands by browsing and filtering the available options.

 

WebTrader Platforms

AvaTrade Review Web Trader Uganda

 

➡️️ AvaTrade

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ DupliTrade

 

AvaTrade

👉 Traders of all levels will benefit from the AvaTrade WebTrader platform, which offers a user-friendly interface and contemporary design. You do not have to download anything since it runs immediately in most recent web browsers.

 

👉 A feature that comes in handy if you constantly transfer between different mobile devices is this one. Without spending too much time on technical or fundamental research, WebTrader users can keep up with the market.

 

👉 You can buy and sell assets quickly and easily, and you can obtain real-time statistics on what AvaTrade’s traders are doing. You may use this to make informed judgments based on real-time market sentiment.

 

👉 However, if you want to use sophisticated technical indicators, you may want to look at one of the other platforms, since the WebTrader has a restricted number of analytical options.

 

MetaTrader 4

👉 Users of MetaTrader 4 may design, modify, and execute automated trading systems. For automated or algorithmic trading, each component of the program is necessary. This is an all-inclusive bundle that comes with the MQL4 integrated development environment (IDE).

 

👉 Some key features of MT4 include, but are not limited to:

➡️ It is an online trading platform that is adaptable and quick

➡️ Charts, layouts, and designs are completely customizable

➡️ Indicators for technical and fundamental market analysis are included

➡️ Expert advisors (EAs) for automatic trading MQL4 programming interface for creating customised indicators or EAs Price alert alerts through email, SMS, and platform pop-ups

 

MetaTrader 5

👉 MetaTrader 5 supports MQL5, a more advanced version of the MQL5 standard, enabling the development of financial applications.

 

👉 All the tools an experienced trader needs to prosper in today’s unpredictable markets may be found in MT5. However, the same design makes it easier to switch between MetaTrader 4 and the trading platform. Some of MT5’s key features include, but are not limited to the following:

➡️ Most of the features included with MT4 are a part of MT5, with the exception that some new ones have been added

➡️ Analyzing charts with the new and improved MetaTrader 5 is made a lot easier and more comprehensive because of the 38 built-in technical indicators

➡️ You can open an unlimited number of charts simultaneously

➡️ Multi-currency EA compatibility

➡️ There is a powerful EA testing platform

 

DupliTrade

👉 Trading techniques may be automatically replicated in real-time using the DupliTrade MT4 platform, which lets users choose the level of risk and trading style they choose. If you want to construct and maintain a trading portfolio while learning about different tactics, this app is for you.

 

Trading App

AvaTrade Review Trading App Uganda

 

➡️️ AvaTradeGO

➡️️ AvaOptions

➡️️ MetaTrader 4 and 5

➡️️ AvaSocial

 

AvaTradeGO

👉 With the AvaTradeGO app, you can trade on the go from anywhere in the globe with a user-friendly dashboard and powerful capabilities. Using this user-friendly mobile trading software, you can stay up to date on the latest market trends and find fresh trade opportunities across the world.

 

👉 AvaTradeGO’s easy interface, position management tools, clear charts, zoom for details, and a slew of other useful features provide a pleasant trading experience.

 

👉 Simple trading is now available thanks to AvaTradeGO, an app that guides you through initiating trades step by step while also providing feedback and assistance whenever you need it.

 

👉 Using your AvaTrade account credentials, you may manage several accounts and move between demo and real accounts to acquire all the data you need on your transactions.

 

AvaOptions

👉 This platform is designed to make it simpler to trade options on mobile and desktop. You may utilize the built-in tools to voice your views on the market and attempt to maximize your profit. You may choose from more than 40 FX alternatives and more to build a portfolio that best suits your needs.

 

👉 Ugandan traders can easily use various methods including straddles, risk reversals, spreads, and more to make money in the market. Your portfolio is completely under your control with AvaOptions, allowing you to manage your risk and return according to your market forecasts.

 

👉 With AvaOptions, you will have access to a wide range of risk management and portfolio modelling tools. Increase your trading power by using premium-based calls and options that may be activated at certain premium levels.

 

👉 For better price efficiency, consider trading techniques as a bundle. To trade several accounts with a single ticket, AvaTrade provides complete money management options.

 

MetaTrader 4 and 5

👉 The AvaTrade account credentials of Ugandan traders may be used to manage numerous MT4 accounts and switch between demo, legal, and competitive spread accounts. Ugandan mobile traders can easily access AvaTrade’s MetaTrader 4 and 5 trading platforms on both Android and iOS mobile devices.

 

👉 An endless number of marketplaces and trading options are available to traders, attributable to the fact that there are massive advances in mobile trading technology for Ugandans.

 

AvaSocial

👉 Before making a move in the markets, you may utilize the AvaSocial app to learn from some of the world’s greatest professionals. It allows you to communicate with your peers while also automating the trading process. As a result, it is a popular option for both novice and experienced traders.

 

👉 Those who are new to trading may acquire exposure to the markets while also learning. Following professional traders who can give useful information might assist to reduce the learning curve.

 

👉 Experienced traders can also save a lot of time by gaining a clear insight into the market without having to do regular research.

 

AvaTrade Range of Markets

AvaTrade Review Range of Markets Uganda

 

👉 Uganda 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

Broker Comparison for Range of Markets

AvaTradeJustMarketsXM
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoNo
➡️️​ OptionsYesNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsYesNoYes

AvaTrade Trading and Non-Trading Fees

Spreads

AvaTrade Review Trading Fees Uganda

 

👉 To cover broker fees for facilitating the trade, AvaTrade charges set spreads that include a markup. Additionally, AvaTrade serves as the exclusive execution venue for all orders, based on the broker’s execution methods as a Market Maker broker.

 

👉 To give its customers access to the interbank market, AvaTrade buys big positions from a variety of liquidity providers and then resells them to them. Typical spreads for Ugandan traders include the following:

➡️️​ EUR/USD – 0.9 pips

➡️️​ Stocks – 0.13%

➡️️​ Crude Oil – 0.029 pips

➡️️​ FXOptions – 0.9 pips

➡️️​ Cryptocurrency – From 0.02 pips on BTC/USD

➡️️​ Indices – From 0.03 pips

➡️️​ ETFs – 0.13%

➡️️​ Bonds – From 0.03 pips Over Market

 

Commissions

👉 Traders in Uganda will not be charged a commission fee since AvaTrade charges a premium on its fixed spreads.

 

Overnight Fees, Rollovers, or Swaps

AvaTrade Review Rollovers Uganda

 

👉 Fees for overnight trading depend on a variety of factors, including whether Ugandan traders are keeping a long or short position open, the size of the position, the kind of financial asset that is being traded, and the overall market conditions during the time that Ugandan traders keep the position open.

 

👉 To determine overnight costs, AvaTrade multiplies the total value of a trade by the overnight interest rate. To get a comprehensive list of all financial products subject to overnight fees, traders in Uganda may visit the AvaTrade website.

 

👉 Some typical fees that can be expected are as follows:

➡️️​ EUR/USD – a short swap of -0.0015% and a long swap of -0.0060%

➡️️​ Stocks (Apple) – a short swap of -0.0165% and a long swap of -0.0168%

➡️️​ Gold – a short swap of -0.0082% and a long swap of -0.0085%

➡️️​ Silver – a short swap of -0.0082% and a long swap of -0.0085%

➡️️​ FXOptions (EUR/USD) – a short swap of -0.0015% and a long swap of -0.0060%

➡️️​ Indices – a short swap of -0.0082% and a long swap of -0.0085%

➡️️​ Cryptocurrency (BTC/USD) – a short swap of -0.0333% and a long swap of -0.0610%

➡️️​ ETFs – a short swap of -0.0165% and a long swap of -0.0168%

 

Deposit and Withdrawal Fees

👉 AvaTrade does not charge any deposit or withdrawal fees on any of the deposit or withdrawal methods supported by the broker.

 

Inactivity Fees

👉 Inactivity fee – charged when a trading account has become and remained dormant for three consecutive months. When this happens, there is a $50 inactivity fee applied every month that no trading activity is detected. However, after 12 consecutive months of inactivity, this fee increases to $100.

 

Currency Conversion Fees

👉 Currency conversion fees may apply when Ugandan traders deposit funds in UGX, which is neither an accepted deposit currency nor a base account currency.

AvaTrade Deposits and Withdrawals

AvaTrade Review Deposits And Withdrawals Uganda

 

👉 AvaTrade offers the following deposit and withdrawal methods:

➡️ Bank Wire Transfer

➡️ Credit/Debit Card

➡️ PayPal

➡️ WebMoney

➡️ Neteller

➡️ Skrill

 

Payment Methods

MethodCountryBGCurrencyTimeComments
CC (MasterCard/Visa)
(Deposit/WD)
GlobalALLALLInstant
Bank Wire (Deposit/WD)GlobalALLALLUp to 5 days
PayPal (Deposit/WD)Austria, Belgium, Cyprus,
Czech Republic, Denmark,
Finland, France, Germany,
Greece, Hungary, Ireland,
Italy, Latvia, Lithuania,
Luxembourg, Malta,
Netherlands, Poland,
Portugal, Slovakia, Slovenia,
Spain, Sweden, UK
CapitalEUR, USD,GBP,
PLN
Instant
Skrill (Deposit/WD)GlobalALLALLInstant
Neteller (Deposit/WD)GlobalALLALLInstant
P24Poland and GermanyCapitalUSD, PLNUp to 15 min
Klarna/SofortAustria ,Belgium, Czech
Republic, France, Germany,
Hungary, Italy, Netherlands,
Poland, Eslovakia, Spain,
Switzerland, UK
CapitalEUR, USDUp to 15 min
Rapid TransferAustria, Belgium, Bulgaria,
Denmark, Estonia, Finland,
France, Germany, Greece,
Hungary, Italy, Latvia,
Netherlands, Norway,
Poland, Portugal, Spain,
Sweden, UK
CapitalEUR, USD, GBPUp to 15 min
IdealNetherlandsCapitalEURUp to 15 min
PoliAustraliaBVI + AVA
AU
AUD, USDUp to 15 min
BoletoBrazilBVI + AVA
AU
USD, EURUp to 7 daysPSP process the
transaction in clients local
currency
Perfect M (Deposit/WD)Argentina, Bangladesh,
Benin, Bolivia, Brazil, Burkina
faso, Cameroon, Chile,
Colombia, Costa Rica, Cote
d'ivoire, Dominican
Republic, Ecuador, Egypt, El
salvador, Gabon, Ghana,
Guinea-Bissau, Honduras,
India, Iran, Iraq, Mali,
Mexico, Niger, Nigeria,
Oman, Pakistan, Palestinian
Territory, Panama, Paraguay,
Peru, Russian, Saudi Arabia,
Senegal, Togo, Turkey,
Uruguay, Venezuela, Viet
nam, Yemen
BVI + AVA
AU
USDInstant
Giropay
(Sofortüberweisung)
GermanyCapitalEUR, USDUp to 5 min
Multibanco-PortugalPortugalCapitalEURUp to 15 min
NetbankingUPI – IndiaIndiaBVIUSDUp to 15 minPSP process the
transaction in clients local
OnlineBankLatamBrazil, Mexico, Chile, Peru,
Colombia, Costa Rica
BVIUSDUp to 15 minPSP process the
transaction in clients local
currency
QrpaySouth AfricaBVIUSD, ZARUp to 15 minPSP process the
transaction in clients local
currency + USD
OzowSouth AfricaBVIUSD, ZARUp to 5 daysPSP process the
transaction in clients local
currency + USD
UPIIndiaBVIUSDUp to 15 minPSP process the
transaction in clients local
currency
M-PESAKenyaBVIUSDUp to 15 minPSP process the
transaction in clients local
currency
PayRetailersBrazil, Mexico, Chile, Peru,
Colombia, Costa Rica
BVIUSDUp to 15 minPSP process the
transaction in clients local
currency + USD

 

How to Deposit Funds with AvaTrade

👉 To deposit funds to an account with AvaTrade, Uganda traders can follow these steps:

➡️ Log into their AvaTrade live account and navigate to “Deposit.”

➡️ Select the option to “Fund Your Account” and choose a preferred deposit method.

➡️ Choose the correct account into which the deposit will be made.

➡️ Provide the amount to be deposited and the deposit currency.

➡️ Follow any additional instructions according to your payment provider.

 

AvaTrade Fund Withdrawal Process

👉 To withdraw funds from an account with AvaTrade, Uganda traders can follow these steps:

➡️ Log into the AvaTrade client portal and navigate to the “Withdraw” section from the menu.

➡️ Complete the withdrawal request via your trading account.

➡️ Submit the request and wait for feedback from AvaTrade on the progress of your withdrawal.

AvaTrade Education and Research

AvaTrade Review Education And Research Uganda

 

Education

👉 AvaTrade offers the following Educational Materials:

➡️ 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

 

👉 AvaTrade offers Uganda traders the following 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

Overall Rating

Min Deposit

USD 100/350,000 Ugandan Shilling

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

AvaTrade Bonuses and Promotions

AvaTrade Review Bonuses And Promotions Uganda

 

👉 AvaTrade offers Uganda traders the following bonuses and promotions:

➡️ A new account package that is available until May 31 to newly registered traders who have never registered their details before. A $40 sign-up bonus is available to Ugandan traders who establish a new trading account and deposit at least $200 (700,000 UGX). The maximum deposit that automatically qualifies for the new account bonus is $10,000 (35,000,000 UGX) which gives them a bonus of 7,000,000 UGX ($2,000)

➡️ A $50-$250 bonus is available to Ugandan traders who refer friends and family to AvaTrade. This bonus becomes available when a referral deposits $500 or more into a live account. In addition, the Ugandan trader’s earning potential is determined by the first deposit that their referral makes into their newly verified live account.

How to open an Affiliate Account with AvaTrade

AvaTrade Review Affiliate Programs Uganda

 

👉 Ugandan traders can easily become an AvaTrade affiliate by completing these few steps:

➡️ Navigate to the AvaTrade website and click on the “Partners” link in the main menu of the homepage.

➡️ Select “Become a Partner” and indicate if the Affiliate Account is being created for a person or a company.

➡️ Then, following the directions on the website, complete the four-step registration and application procedure.

 

Contact Information

☎️ Telephone/WhatApphttps://www.avatrade.com/about-avatrade/contact-us
🗺️ Website URLhttps://www.avatrade.com/
👛 Email[email protected]
📙 FAQ’swww.avatrade.com/?s=FAQ
🎓 Customer Servicehttps://www.avatrade.com/about-avatrade/contact-us
📍 GDPR compliant T&Cshttps://www.avatrade.com/about-avatrade/legal-documentation

 

AvaTrade Affiliate Program Features

👉 AvaTrade already has more than 70,000 partners in 150 worldwide countries. Some of the benefits attributable to the partner program with AvaTrade include:

➡️ Commissions paid to date total $250,000,000.

➡️ A safe and transparent trading environment for all partners and referrals

➡️ Deals that can be customized according to the affiliate’s unique offering

➡️ Commission structures that may be adjusted as needed

➡️ Robust marketing campaigns

➡️ Reliable and frequent pay-outs

➡️ Innovative trading software and technology

➡️ Multilingual trading platforms that are available across devices

 

AvaTrade Corporate Social Responsibility

👉 Currently, there is no information on AvaTrade’s corporate social responsibility policies.

Our Verdict on AvaTrade

👉 AvaTrade is one of the most trusted forex and CFD brokers, with satisfied global clients. AvaTrade now has over 300,000 registered users and is recognized on many reputable broker review websites.

 

👉 AvaTrade’s offering is solid overall, with a sophisticated in-house trading platform, a sizable amount of extremely value instructional content accessible at various levels, and several social and copy trading options.

 

👉 AvaTrade can be relied upon by clients worldwide due to its regulation by three of the world’s top three financial regulators: Tier-3, Tier-2, and Tier-1. AvaTrade has expanded to cover an astounding assortment of trading tools and services since its inception in 2006, with no sign that the broker is about to stop.

 

👉 AvaTrade is the greatest option when it comes to the many financial markets that AvaTrade gives access to for Ugandan beginner, intermediate, and expert traders.

AvaTrade Current Popularity Trends

👉 According to Google Trends, AvaTrade has seen an increase in Google Searches in the past month.

AvaTrade Current Popularity Trends

Overall Rating

Min Deposit

USD 100/350,000 Ugandan Shilling

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

AvaTrade Pros and Cons

✔️ Pros❌ Cons
AvaTrade is a multi-regulated and multi-award-winning broker with a global presenceThere is no UGX-denominated trading account
The broker allows a range of trading strategies, offering Ugandan traders versatilityUGX is not indicated as a deposit currency, which means that Ugandan traders may face currency conversion fees
Both beginner and experienced Ugandan traders will be satisfied with AvaTrade’s offeringThe demo account is only offered for 30 days
There are several trading platforms to choose from, available across devicesThe spreads are not the tightest
Social trading and crypto trading are both supportedThere is limited leverage offered to retail traders
Beginners can use a range of educational materials to build up their trading knowledge and skillsAdministrative fees apply in the form of inactivity fees on dormant accounts
AvaTrade offers special Islamic trading conditions to Muslim traders
There is a demo account offered to both beginner and experienced traders

Frequently Asked Questions

 

Is AvaTrade an international broker?

AvaTrade, founded in 2006, has offices in several countries and offers different trading platforms for web, desktop, and mobile devices, as well as CFDs on a variety of asset classes, including cryptocurrency.

 

Does AvaTrade offer Nasdaq 100?

Yes, AvaTrade offers Nasdaq 100 or the US Tech 100 to Ugandan traders who want to diversify their portfolio even more, ensuring that the risk is spread across different indexes.

 

Is AvaTrade regulated by CMA Uganda?

No, AvaTrade is not regulated by the Capital Markets Authority in Uganda. However, AvaTrade is regulated and overseen by the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.

 

Is AvaTrade regulated and safe?

Yes, AvaTrade is a safe broker in Uganda.

 

Founded in 2006, AvaTrade enables consumers to trade CFDs, forex, and cryptocurrency. They are five Tier-1 Regulators (high trust), five Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust), which makes them a very safe broker.

 

They provide MetaTrader, as well as other platforms, and their prices and commissions are reasonable.

 

Does AvaTrade offer Volatility 75?

No, according to AvaTrade’s website the broker does not currently offer VIX to Ugandan traders. However, there is a range of other financial instruments that traders can use to diversify their investment and trading portfolio to minimize their risk.

 

Can you make money with AvaTrade?

Yes, depending on your trading strategy, preferred financial instruments, risk management methods, and the tools that you use to trade different markets, you could earn profits by trading through AvaTrade.

 

How long does it take to withdraw funds from AvaTrade?

Fund withdrawal can take between one day up to ten working days, depending on the withdrawal method you use. While credit and debit cards and electronic payment gateways are quick, bank wire transfer can take up to 10 days to process.

 

What is the overall rating for AvaTrade?

AvaTrade gets an overall rating of 9/10. Overall, this rating is based on the regulations of the broker alongside its range of 1,250 tradable markets, powerful trading technologies and apps, trading conditions, and award-winning trading solutions and services.

Conclusion

👉 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 any other factors?

➡️ Have you experienced any issues with AvaTrade such as difficulty withdrawing funds, inability to verify regulations, irresponsive 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 a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)