What Account Types and Fees Does AvaFutures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and intermediate traders |
Low minimum deposit, access to educational resources |
Suitable for small-capital practice with no advanced trading requirements |
| Professional Account |
Experienced traders and professionals |
Higher leverage options, advanced trading tools |
Requires proof of trading experience and may involve higher trading volumes |
| Corporate Account |
Businesses and institutional clients |
Customized trading solutions, corporate documentation required |
Requires submission of corporate documents and compliance with specific regulations |
| Islamic Account |
Traders following Sharia law |
Swap-free trading options available |
Must provide documentation to verify eligibility for an Islamic account |
| Demo Account |
All traders for practice |
Access to virtual funds, no risk involved |
Registration required but no verification needed; can be extended upon request |
Account Opening Process
To open an account with AvaFutures, traders must follow these steps:
1. Personal Information Submission: Provide your email, phone number, and country of residency.
2. Employment and Financial Information: Submit details about your employment status and financial situation.
3. Identity Verification: Upload necessary documents such as a government-issued ID and proof of address.
4. Account Flexibility: After opening a Retail Account, traders have the option to upgrade to a Professional Account later based on their trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5 per lot) |
Tight spreads for major pairs |
| CFDs (S&P 500) |
1.0 |
$1.75 per standard contract |
Competitive pricing for indices |
| Commodities (Gold) |
0.5 |
$0.45 per contract |
Low commissions for gold trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Traders should also be aware of the following additional costs:
– Deposit/Withdrawal Fees: AvaFutures does not charge any internal fees for deposits or withdrawals.
– Inactivity Fees: There are no inactivity fees, allowing traders to maintain their accounts without penalties.
– Platform Usage Fees: No platform fees are applicable for using the trading platforms.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varying by asset class.
– Currency Conversion Fees: A 0.25% spread applies on currency conversions, using the FX spot rate for calculations.
