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AvaTrade is currently offering welcome deposit bonuses and referral bonuses. Recently, a bonus of up to 40% of the deposit can be claimed based on a sliding scale amount at AvaTrade. With the AvaTrade bonus, you will receive more as a reward if you invest more at the beginning.
When you refer a friend or relative to AvaTrade, you may earn a referral bonus. Referral bonuses range from $250-$450, offering a $75 bonus, to $10 000 and offering a $400 bonus. Hence, reading below, you will find out the terms and conditions that applied while receiving welcome and referral bonuses.
About AvaTrade
AvaTrade is one of the most trusted brands globally as it provides traders with multiple trading options. AvaTrade was ranked at the top for pricing and research, was competitive for mobile trading, and scored highly for copy trading. As a regulated broker, AvaTrade is responsible for keeping the funds of clients in segregated accounts.
The Bank of Ireland, JFSA, FSCA, and ASIC regulates and authorises AvaTrade. Also, funds of all clients should be kept separate from the broker’s account to comply with the rules and regulations of regulatory bodies. Only the traders can use the funds kept in the segregated account for trading activities.
As a well-known broker, AvaTrade is offering its services in more than 150 countries. Also, AvaTrade offers a wide range of commissions and promotions without compromising trading conditions. Furthermore, a variety of tradable products are available for the clients.
AvaTrade welcome bonus for new clients
The AvaTrade welcome bonus conveniently allows new clients to take advantage of the promotion, despite not being a prominent feature. In addition, bonuses may not always be available at certain times since they are paid every month. There is currently a promotion offering up to a 40% bonus based on a sliding scale value. For example, it is possible to match $40,000 with a deposit of $100, up to a maximum of $16,000.
Clients can calculate their bonus potential using an online calculator provided by the company. AvaTrade has a hefty commission that is notable in a Forex broker comparison of the signup bonuses, although not exceedingly high. Some are also offering as much as $50,000, whereas others offer only $500.
In addition to AvaTrade’s reputation for having a safe and secure platform, the current promotion provides another compelling reason for active traders to join the brokerage.
Clients should be aware that AvaTrade doesn’t offer bonuses in all countries. Therefore, these countries do not qualify for this promotion.
These include France, Bangladesh, China, Indonesia, Hong Kong, Indonesia, Iran, Malaysia, Mongolia, Pakistan, Taiwan, Thailand, and Vietnam.
According to AvaTrade conditions, clients must trade 10,000 base currencies for every base currency in six months to qualify for a bonus withdrawal. A commission will be canceled and removed from the client’s account if they fail to trade enough during this period.
AvaTrade referral bonus
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Like most Forex brokers, AvaTrade offers a referral bonus when friends sign up with their brokerage. It is not possible to submit an AvaTrade code for credit. During the signup process, referrals provide AvaTrade with the referrer’s full name and trading account number.
The account manager can be used for this purpose. The referral bonus is based on a sliding scale starting at $250-$500, offering $75 and going up to $10,000, offering $400.
Similar to AvaTrade terms and conditions for the welcome bonus, there is a complete verification of the referral accounts in addition to the geographic restrictions.
Furthermore, there are a few other noteworthy aspects of the trading volume. First, every $1 bonus must be traded in a minimum of 10 lots within six months. If that doesn’t happen, the promotion will be canceled.
In addition to that, the offer is not valid when combined with the Ava Partner Affiliate Program, an important program for AvaTrade. A referral bonus compared to a welcome bonus does not provide customers with many incentives to refer new clients.
Referral bonuses available at Forex brokers are similar to signing up commissions but offer smaller amounts.
Terms and conditions for AvaTrade bonus
Welcome bonus
AvaTrade offers its new clients a welcome bonus when the traders verify their accounts and make deposits in them. But, the traders can only withdraw the bonus after they fulfill the required trading volume within six months of deposit. Also, the bonus cancellation will occur if the trading volume is not reached within six months.
Also, the traders should know that AvaTrade has the right to reject and cancel the bonus at any time. Moreover, the bonuses can only be withdrawn in the base currency of the trading platform.
Referral bonus
There are only two conditions your referral needs to meet to achieve the referral bonus, which is the following:
- A minimum of 10 trades.
- A minimum first deposit of $500.
- If your referral meets these conditions, then AvaTrade will award you a referral bonus of up to $250. Upon winning the award, the funds will automatically be added to your account balance, and you may withdraw them at any time by using the various payment methods offered by AvaTrade.
Requirements for receiving AvaTrade bonus
AvaTrade traders receive bonuses during the promotions period. But the new traders have to make the first deposit to qualify for the bonuses. However, floating spread accounts and automated trading accounts will not qualify for bonuses. Moreover, AvaTrade does not accept this bonus in conjunction with other offers.
Bonus money will be credited to your account after you verify your identification documents. Traders must execute at least 0.01 positions within twelve months for each bonus dollar to be eligible for bonus withdrawal. Your bonus can be withdrawn at any time after that.
You will also lose your bonus if you do not trade within the specified time frame if you do not make the required trades.
Pros and Cons
Pros
- Offering a high amount as a referral bonus
- You can calculate the welcome bonus from the official website.
Cons
- It does not offer a no-deposit bonus.
- In the event of non-compliance, the bonus may be canceled.
- Only certain countries are eligible for a welcome bonus.
Bottom line
AvaTrade does not offer any deposit bonuses but lucrative promotions in a deposit welcome and referral bonus. Because the terms and conditions to attain these bonuses are strict, having a sharp eye and extraordinary trading skills is the only way to achieve them. In addition, the bonus may be higher than that of the other brokers, but it has a maximum chance of being canceled if the requirements are not met.
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