Philippines Dollar Forex Trading Accounts
AvaTrade is an STP and Market Maker forex broker with various regional offices. AvaTrade is a secure broker in the industry that has multiple regulations. Filipinos can expect a choice of assets and good trading conditions.
- Louis Schoeman
Updated : May 22, 2024
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Overall Rating
- 4.8/5
Min Deposit
USD 100/5,900 PHP
Regulators
CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaOptions, AvaTradeGO, MT 4, MT 5, AvaSocial, DupliTrade, ZuluTrade
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
AvaTrade is one of the oldest online forex brokers, founded in 2006 by Emanuel Kronitz. It is part of the AVA Group. AvaTrade’s headquarters are in Dublin, Ireland, but it also has regional offices in Australia, Chile, Italy, Japan, South Africa, Poland, Mexico, Malaysia, Abu Dhabi, and Mongolia.
Since its inception, AvaTrade has established itself as a leader in the industry and built a reputation for innovation and dependability. AvaTrade operates under the eyes of several international regulators, and nine different authorities regulate its capital market in different regions.
Whether you are a beginner or an experienced trader, AvaTrade will have the tools, assistance, and know-how to make your trading a lucrative experience.
AvaTrade provides social trading capabilities through its ZuluTrade and DupliTrade platforms for Filipinos who are still trying out the forex market. This will enable you to follow experienced traders, which will help you get to know the forex environment.
In addition to the social trading platforms, AvaTrade also offers a choice of platforms to trade assets on. They offer the popular MetaTrader 4 and 5 and their unique in-house platform, AvaTradeGO.
Filipinos can rest assured that they are dealing with an excellent broker since AvaTrade has received no less than eleven awards for excellence in 2023 alone.
AvaTrade offers educational material to assist novice and professional traders, such as informative articles, educational videos, courses, and platform tutorials.
This demonstrates their commitment to offering specialized services globally. In addition, the broker introduced a new standard in risk reduction with AvaProtect, a new and innovative risk tool.
This risk management feature allows you to protect a specific trade against losses of up to one million dollars over a chosen time frame; all of this is in exchange for a modest hedging cost paid at the time of purchase.
If Filipinos decide to use AvaTrade as their broker, we can ensure they have made the right choice since the broker specializes in online trading of forex and CFDs for stocks, commodities, bonds, cryptos, indices, and ETFs.
Customers of AvaTrade will have peace of mind knowing that they are trading with a reliable and well-established broker. Traders from all regions and countries are accepted, except for the United States, Belgium, Syria, Iran, New Zealand, and Cuba.
Can I trade forex in the Philippines?
Yes. Forex trading is legal in the Philippines through authorized forex brokers or money changers licensed by the BSP.
Is AvaTrade available in the Philippines?
Yes. You can open an account at AvaTrade if you are a citizen or resident of the Philippines. Note that AvaTrade is primarily a CFD broker.
At a Glance
| 🔢 Established Year | 2006 |
| ⌛Regulation and Licenses | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 4️⃣Ease of Use Rating | 4/5 |
| 🎁Bonuses | ✅ Yes, referral bonus |
| ⏰Support Hours | 24/5 |
| 📊Trading Platforms | AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade |
| 🗂️Account Types | Retail, Islamic, Professional |
| 💵Base Currencies | USD, GBP, AUD, EUR |
| ✏️Spreads | From 0.6 pips (Pro), 0.9 pips (Retail) on EUR/USD |
| ⬆️Leverage | 1:30 (Retail), 1:400 (Pro) |
| 💴Currency Pairs | 53; Major, Minor, Exotic Pairs |
| 💷Minimum Deposit | 5,900 PHP ($100) |
| 💶Inactivity Fee | ✅ Yes, $50 after 3 months, $100 after 12 |
| 🗣️Website Languages | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, etc. |
| 💰Fees and Commissions | Zero commissions; only the spread is charged |
| 🤝Affiliate Program | ✅ Yes, Introducing Broker, Online Affiliate |
| ❌Banned Countries | United States, Belgium, Syria, Iran, New Zealand, Cuba |
| ➡️Scalping | ✅ Yes |
| ✴️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, CFDs |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
AvaTrade is not regulated by the Bangko Sentral ng Pilipinas (BSP), the financial supervisory authority. BSP supervises banks, finance companies, and non-bank financial institutions that perform quasi-banking functions.
However, AvaTrade’s global regulations are listed in the table below.
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 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | ✅ Yes |
| 💴Compensation Amount | 20,000 EUR |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | ✅ Yes |
| ❌Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ⛔Negative Balance Protection | ✅ Yes |
| 🛑 Guaranteed Stop-Loss Orders | None |
Which regulatory bodies overseas AvaTrade's operations in the Philippines?
AvaTrade is regulated by several regulatory bodies, such as the Central Bank of Ireland, BVI, CySEC, and ASIC, to mention a few, ensuring a safe trading environment for Filipino traders.
How does AvaTrade manage risks that threaten Filipino traders’ funds?
The broker recently introduced a new standard in risk reduction with AvaProtect, a new and innovative risk tool.
Awards and Recognition
We looked at what awards AvaTrade has won since its inception and found that in 2023 alone, AvaTrade has won no less than 11 awards. We explored AvaTrade’s award section and found the following most recent honors:
✅Most Innovative Broker by FX Scouts.
✅Best Online Trading Platform UAE, by the Global Brands Magazine.
✅Most Reliable Trading Platform in Latin America, by the World Economic Magazine.
✅Best Affiliate Program, by the Jordan Financial Innovation Awards.
✅Best Affiliate Program UAE, by the Global Business Review Magazine
✅Best Mobile Trading Platform in Spain, by Finance Derivative.
✅Top 10 Hot Brands of the Year, by the Ceoviews.
✅Most Trusted Broker by International Investor.
✅Best Educational UK, by Global Business Magazine.
✅Most Reliable Trading Platform UK, by World Business Stars Magazine.
✅Most Trusted Trading Platform in Latin America, by the International Business Magazine.
Account Types
| 🔍Account Type | 💴Minimum Deposit | 🚀Open an Account | 📊Platforms | ⬆️Leverage |
| 🥇Retail | 5,900 PHP ($100) | 👉 Click Here | All | 1:30 |
| 🥈Islamic | 5,900 PHP ($100) | 👉 Click Here | All | 1:30 |
| 🥉Professional | €500,000 portfolio | 👉 Click Here | All | 1:400 |
Retail Account
The Retail account was designed with the beginner trader in mind. Fixed spreads are the only fee charged on this account, and although the typical spread is around 0.9 pips, it is still fairly competitive.
The minimum deposit requirement of 5,900 PHP ($100) makes this affordable for beginner traders.
Trading can be done on the MT4 and MT5 platforms as well the proprietary platforms of AvaTrade. A huge advantage is the risk-management tool, AvaProtect™, that comes with the retail account.
It does not cost much; you can use it to hedge your holdings against unexpected market movements.
Islamic Account
AvaTrade also offers an Islamic Account to Filipino traders who adhere to Sharia Law. Traders don’t have to worry about overnight swap fees, as AvaTrade charges an administrative fee to keep open positions.
However, traders should note that the trading conditions for the Islamic account differ somewhat from those for the regular retail account. They should read and understand the terms carefully before registering for an Islamic account.
Professional Account
This account type makes more effective use of cash and enhanced earnings possible because of the larger leverage compared to conventional retail accounts. It is aimed at the professional trader who has to comply with AvaTrade’s requirements to open this account type.
The trader must have participated in extensive trading activity in the last year, have a portfolio of financial instruments worth more than €500,000, or have appropriate work experience in the financial industry.
Traders with a Professional account can access reduced margin requirements, allowing them to test out methods that would not be possible with lesser leverage. They need to be familiar with the impact of leverage on their trading choices and have a method for effectively managing risk.
Demo Account
The demo account is aimed at Filipino traders entering the forex exchange market for the first time. Traders can trade on the demo account with $100,000 virtual money and put their trading skills to the test without any risk involved. The demo account can be used for 21 days.
Filipino traders can access the overall functionality of all platforms, including different kinds of orders, real-time market research, and sophisticated charting tools.
By utilizing the demo account, traders from the Philippines can gain the knowledge and skills they need to enter the actual market confidently.
What leverage is provided by AvaTrade to Filipino traders?
Retail traders in the Philippines are offered leverage of up to 1:30.
Does AvaTrade offer an Islamic Account for Filipino traders who follow the Muslim faith?
Yes, AvaTrade does offer traders that follow the Muslim faith a Swap-free Islamic Account per the Sharia Law.
How to Open an Account Step-by-Step
Registering an account with AvaTrade is fairly simple and easy. Filipino traders can go about doing so as follows:
Step 1: Go to the Official website and click on the orange “Register Now” button
Step 2: Complete the online registration form
You will now be directed to a page where you need to complete a short survey regarding your financial knowledge and if you have any trading background.
Step 3: Wait for validation from AvaTrade
Now, you are requested to verify your identification and residential address. The easiest way is to provide a copy of your ID document and a bank statement or utility bill with your home address. This verification is necessary for AvaTrade to comply with financial rules and regulations.
Once your information has been validated, you will receive a confirmation email from AvaTrade. The email will also include detailed information on how to proceed.
- You can now fund your chosen account using wire transfers, a credit or debit card, and e-wallets like Skrill, WebMoney, and Neteller.
- As soon as your deposit is processed, you can choose which of the trading platforms on offer you want to use and start trading.
What deposit methods are available at AvaTrade for Filipinos?
AvaTrade offers a choice of deposit methods, including credit/debit cards and wire transfers, which are available to all global clients. The deposit can also be made via e-payments such as Skrill, WebMoney, and Neteller. However, this is not available to EU and Australian clients.
How do I cancel a deposit?
To cancel a deposit, send a request via email to AvaTrade’s customer support team. If you did not trade with the funds, the deposit would be canceled within 24 hours.
Overall Rating
- 4.8/5
Min Deposit
USD 100/5,900 PHP
Regulators
CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaOptions, AvaTradeGO, MT 4, MT 5, AvaSocial, DupliTrade, ZuluTrade
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
AvaTrade offers Filipino Traders the following Trading Platforms:
➡️AvaTrade WebTrader
➡️AvaTrade App
➡️MetaTrader 4
➡️MetaTrader 5
➡️AvaOptions
➡️Mac Trading
➡️AvaSocial
➡️ZuluTrade
➡️DupliTrade
AvaTrade WebTrader
This is one of the most user-friendly and intuitive trading platforms on offer with AvaTrade. It is immediately available on any device with an internet connection and doesn’t require any downloads.
Therefore, WebTrader is a good option for Filipinos who want an easy-to-use trading environment without complicated setups.
AvaTrade App
For Filipino traders on the go, the AvaTrade App is a must. It boasts an easy-to-understand and friendly interface with advanced trading charts and features. We found that it works very well on any smartphone screen.
Examining AvaTradeGO, the broker’s native mobile trading app, we found a delightful experience that keeps all its features even on a smaller screen.
MetaTrader 4
Globally, the MetaTrader 4 platform is the most popular and is preferred by most traders. It creates a powerful and flexible trading environment. Beginner and advanced traders find it easy to navigate, and it also offers automated trading through EAs.
MetaTrader 5
MetaTrader 5 is the upgraded platform of MetaTrader 4 and offers state-of-the-art trading capabilities. It offers more technical analysis tools, order types, timeframes, graphical objects, and automated trading.
AvaOptions
AvaOptions is a unique trading platform where Filipino traders can express their market views with calls and puts. Furthermore, we found a handy embedded tool to maximize your return on investment when you trade Vanilla Options.
Mac Trading
Mac users can use the MetaTrader 4 Mac version to trade. It has been optimized for the Mac interface and can also be used with WebTrader.
AvaSocial
AvaSocial provides a unique and engaging platform for traders in the Philippines who wish to broaden their knowledge and techniques.
This platform sets new standards in social trading technology. We found that you can follow and copy the best traders’ trades and use experts’ wisdom. The platform allows you to ask questions and discover new strategies.
ZuluTrade
ZuluTrade is another social trading platform that most retail traders use for automated trading. It is a peer-to-peer auto-trading platform that stood out throughout our evaluation.
ZuluTrade is a social trading platform that traders who wish to broaden their trading approaches should check out using the knowledge and experiences of other successful traders.
DupliTrade
DupliTrade also serves as a social trading platform where traders can replicate the trade positions of successful traders on their community platform.
What trading platforms does AvaTrade offer?
AvaTrade SA offers world-class trading platforms such as MetaTrader 4 and 5, ZuluTrade, and AvaOptions for user-friendly, up-to-the-minute pricing and rapid executions of trades.
Does AvaTrade provide any specific risk feature on its trading platforms?
AvaTrade’s MetaTrader 4 and 5 platforms include AvaProtect, a risk feature that provides loss protection for Filipino traders.
Range of Markets
AvaTrade offers a variety of trading instruments that can be accessed across the following markets.
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Indices | 40 | 100:1 |
| ➡️Forex pairs | 53 | 400:1 |
| ➡️Stocks | 646 | 10:1 |
| ➡️Commodities | 19 | 200:1 |
| ➡️Crypto CFDs | 20 | 25:1 |
| ➡️ETFs | 64 | 20:1 |
| ➡️Bonds | 2 | 100:1 |
| ➡️Options | 78 | 100:1 |
AvaTrade vs Exness vs Vantage Markets – Broker Comparison
| 🔍Broker | 🥇AvaTrade | 🥈Exness | 🥉Vantage Markets |
| ⌛Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | CIMA, VFSC, FSCA, ASIC |
| 📊Trading Platform | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | MetaTrader 4 MetaTrader 5 ProTrader Vantage App Vantage Social trading ZuluTrade Myfxbook AutoTrade DupliTrade |
| 💴Withdrawal Fee | None | None | ✅ Yes |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💵Min Deposit | 5,900 PHP ($100) | 590 ($10) | 2,875 ($50) |
| ⬆️Leverage | 1:30 (Retail) 1:400 (Pro) | Unlimited | 1:500 |
| ✏️Spread | Fixed, from 0.9 pips | From 0.05% | From 0.0 pips |
| 💶Commissions | None | From $0.1 per side, per lot | From $3 |
| 🛑 Margin Call/Stop-Out | 25% – 50% (M) 10% (S/O) | 60%/0% | 80%/50% |
| 🧑⚖️Order Execution | Instant | Market | Market |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | ✅ Yes | None |
| 🗂️Account Types | Retail Account Pro Account Islamic Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account Social Standard Account Social Pro Account | Standard STP Raw ECN PRO ECN |
| ⌛BSP Regulation | None | None | None |
| 💵PHP Deposits | None | ✅ Yes | None |
| 🗂️PHP Account | None | None | None |
| ⏰Customer Service Hours | 24/5 | 24/7 | 24/5 |
| ➡️Retail Investor Accounts | 1 | 7 | 3 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | Unlimited | Unlimited | Unlimited |
| ⏱️Minimum Withdrawal Time | 24 to 48 Hours | 24 hours | Instant |
| 🕰️Maximum Estimated Withdrawal Time | Up to 10 days | 3 days | 3 – 5 working days |
| ✔️Instant Deposits and Instant Withdrawals? | None | None | ✅ Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
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Official Site
Fees, Spreads, and Commissions
With AvaTrade, Filipinos are charged fixed spreads on trades with zero commission fees. The broker’s trading and non-trading fee schedule is transparent on their website.
Spreads
AvaTrade offers a fixed spread, which means the difference between the buying and selling prices is mostly constant. Traders in the Philippines can expect the EUR/USD pair spread on the retail and Islamic accounts to be at 0.9 pips and on the Pro account at 0.6 pips.
Commissions
AvaTrade does not charge Filipino traders commissions on any listed trading instruments.
Overnight Fees
The overnight fee is set for open positions (10 PM GMT). The daily application of these fees depends on the asset being exchanged. All overnight interest rates are indicative and subject to change.
Deposit and Withdrawal Fees
It seems that AvaTrade does not charge fees for deposits or withdrawals. The broker offers deposit and withdrawal methods, such as bank wire transfers, debit and credit cards, and e-wallets like Skrill, WebMoney, and Neteller.
Inactivity Fees
After three consecutive months of inactivity on any account, AvaTrade will deduct an inactivity fee from the client’s account.
It is subject to change, but we found that according to the base account currency, the fees charged will be $50 on a USD account, €50 on a EUR account, and £50 on a GBP account.
Currency Conversion Fees
It is not clearly noted on AvaTrade’s website. Still, the norm is that currency conversion fees may apply during deposits and withdrawals if the denomination used in the AvaTrade account is not the base currency.
Is there a deposit or withdrawal charge for Filipino traders using AvaTrade?
No. AvaTrade does not charge deposit fees, but withdrawal fees can apply depending on the payment type Filipino traders select.
Does AvaTrade charge overnight fees to Filipino traders?
Yes, however, the fee depends on the asset being exchanged and is subject to change.
Overall Rating
- 4.8/5
Min Deposit
USD 100/5,900 PHP
Regulators
CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
Trading Desk
AvaTrade WebTrader, AvaOptions, AvaTradeGO, MT 4, MT 5, AvaSocial, DupliTrade, ZuluTrade
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳Payment Method | 🌎Country | 💵Currencies Accepted | ⏰Processing Time |
| 💻Bank Wire Transfer | All | USD, EUR, GBP, AUD | 24 hours to 10 days |
| 💳Credit/Debit Card | All, except Canada | USD, EUR, GBP, AUD | 24 – 48 hours |
| 🖥️WebMoney | All except the EU or Australia | USD, EUR, GBP, AUD | 24 – 48 hours |
| ✴️Neteller | All except the EU or Australia | USD, EUR, GBP, AUD | 24 – 48 hours |
| ✳️Skrill | All except the EU or Australia | USD, EUR, GBP, AUD | 24 – 48 hours |
AvaTrade accepts the most popular payment methods for deposits and withdrawals. Deposits can be made in pesos, but currency conversion fees will apply, as the base currencies accepted are USD, EUR, AUD, and GBP. The table below will indicate what to expect from Filipino traders.
Deposits
Bank Wire
✅Go to the ‘Deposit’ area of your AvaTrade account.
✅Click on ‘Bank Wire Transfer.’
✅Use AvaTrade’s banking information for the wire transfer.
✅Go to your bank online or in person and conduct the wire transfer.
✅Enter the amount you want to deposit in one of the base currencies.
✅Conclude your transaction and save the receipt.
Credit or Debit Card
✅Go to the ‘Deposit’ area of your AvaTrade account.
✅Click on ‘Credit/Debit Card’.
✅Enter your card number, CVV code, and expiry date in the required sections.
✅Choose the base currency and fill in the deposit amount.
✅Verify the transaction.
Cryptocurrency
✅Log into your AvaTrade account.
✅Choose the correct crypto from the options.
✅Next, you need to choose a supported crypto from the list available.
✅Transfer the funds to the AvaTrade address using your personal digital wallet.
e-Wallets or Payment Gateways
✅Log onto your AvaTrade account
✅Click on the ‘Deposit’ area.
✅Select an e-wallet from the list provided.
✅Confirm the transaction when you are redirected to your e-wallet.
✅Fill in the amount and confirm the payment.
Withdrawals
Bank Wire
✅Log onto your AvaTrade account and go to the ‘Withdrawal’ area.
✅Click on ‘Bank Wire Transfer’.
✅Fill in your bank account number, name, and SWIFT codes.
✅Enter the withdrawal amount and choose the base currency.
✅Send in your withdrawal request.
Credit or Debit Cards
✅Log onto your AvaTrade account and go to the ‘Withdrawal’ area.
✅Click on ‘Credit/Debit Card’.
✅You need to use the same card you used to deposit money with.
✅Validate the information and enter the withdrawal amount.
Cryptocurrency
✅Log onto your AvaTrade account.
✅Select the option to withdraw using crypto.
✅Provide the address for your cryptocurrency wallet.
✅Enter the withdrawal amount in the cryptocurrency of your choosing.
✅Submit the withdrawal request.
e-Wallets or Payment Gateways
✅Log onto your AvaTrade account
✅Click on the ‘Withdrawal’ area.
✅Choose your preferred e-wallet from the list.
✅Enter the amount you want to withdraw and click “confirm.”
How long does AvaTrade withdrawal take?
Usually, withdrawals are processed within 24 hours, depending on the payment method used. E-wallets are usually within one day, whereas credit/debit cards may take up to 5 business days.
What is the minimum withdrawal from AvaTrade?
AvaTrade honors all withdrawal requests and there is no minimum withdrawal amount.
Leverage and Margin
With AvaTrade, Filipinos need to understand how leverage and margin requirements work. We know these are two factors traders should consider for successful trading.
Leverage offered in the Philippines, which is allowed according to the regulations, allows retail customers to leverage up to 1:30. However, on the professional account, leverage can go up to 1:400. Higher leverage obviously means higher profits, but it can also mean higher losses.
Margin is the amount of money a trader uses to control a leveraged position. The deposit margin is the initial capital needed to open a position, while the maintenance margin is the minimum account balance needed to sustain the position.
If the account balance falls below the maintenance margin, a margin call is issued, requiring the investor to add funds or face the sale of their securities.
What is the highest leverage offered to Filipinos in AvaTrade?
AvaTrade offers traders a leverage of up to 30:1. However, this varies depending on the asset class you are trading.
Does AvaTrade provide currency pairs trading for Filipino traders?
Yes, AvaTrade provides 53 currency pairs for Filipinos to trade in, which include major, minor and exotic pairs.
Educational Resources
AvaTrade offers various educational materials and trading tools. Join us as we identify the various tools and resources Filipinos can expect from the AvaTrade website in the table below.
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | ✅ Yes |
| ➡️Trading Central | ✅ Yes |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | ✅ Yes |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | ✅ Yes |
| ➡️Live Support | ✅ Yes |
Is AvaTrade Academy free?
Yes, every AvaAcademy course on its website is free, opening doors to endless learning opportunities. The broker’s platform is designed for the modern learner, and traders can access the resources online whenever and wherever they prefer.
Is AvaTrade good for beginners?
AvaTrade offers user-friendly access to forex and CFD trading for beginners. The broker provides a supportive platform for beginners to gain forex trading experience. Traders can use risk-free demos, analysis tools, and various training videos to build skills over time.
Bonuses and Promotions
AvaTrade does not currently offer bonuses to new or existing customers. However, they do issue a welcome bonus promotion for new clients from time to time.
If you would like to qualify for a bonus, you need to keep an eye on their website. As an existing customer, you can contact your account manager to inquire if you are eligible for any bonuses. Customer service can also give you more information.
You can, however, refer a friend and cash in on some bonuses with AvaTrade. All that is required is to refer a friend who registers a live account with AvaTrade and opens a real account. They must deposit a minimum amount of $500 and open at least 10 trades before receiving a cash credit.
Affiliate Program
AvaTrade does offer an affiliate program where traders can benefit in several ways when they invite others to sign up and start trading with this Forex and CFD broker.
Features
We examined the AvaTrade affiliate program in detail as part of our comprehensive review of the platform. The program aims to get users to spread the word about AvaTrade. It is very adaptable and has good earning potential for Filipino traders.
Our research shows that the program caters to a diverse group of possible partners with various perks, including Filipino entrepreneurs and influencers interested in online trading.
The affiliate program implies that affiliates may earn commissions depending on how many new customers they bring in or how much money those customers make trading.
Affiliates in the Philippines who want to promote AvaTrade for financial gain will find the program’s competitive commission rates quite attractive.
We also found that AvaTrade offers specialized affiliate managers who provide individual help and coaching to help affiliates reach their financial goals. Affiliates can monitor their performance, clicks, conversions, and commissions received using a comprehensive real-time monitoring dashboard.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website and click on the “Partners” tab
Step 2: Click on the “Become a Partner” button
Step 3: Complete the online registration form
Fill out all required information, including:
Personal Information such as your name, email, country of residence, and phone number.
You must also include details on your website/marketing channel and explain how you plan to market AvaTrade.
Lastly, you have to choose a password and username.
Step 4: Wait for verification from AvaTrade
Once you log into your affiliate portal, you can expect some of the following:
- Unique Affiliate Links
- Advertising content
- Real-time reports on performance monitoring
- Your affiliate manager’s details
How do forex affiliates make money?
AvaTrade saves money on advertising expenses, while the affiliates profit by receiving a commission on every qualified referral based on the broker’s Cost-per-acquisition (CPA) structure.
Can Filipino traders join the AvaTrade Affiliate Program?
Yes, Filipino traders can join the AvaTrade Affiliate Program and earn money by introducing new customers.
Customer Support
| 🫴🏻 Customer Support | 👥AvaTrade Customer Support |
| ⏰Operating Hours | 24/5 |
| 🌎Support Languages | Multilingual |
| 🗣️Live Chat | Yes |
| 💻Email Address | N/A |
| ☎️Telephonic Support | ✅ Yes |
| 5️⃣The overall quality of AvaTrade Support | 5/5 |
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 |
How long does it take to get a response to questions sent via email?
The response time may be longer than usual due to the high number of new traders with AvaTrade, but we found that, according to the broker’s website, they work around the clock to speed up the process.
Does AvaTrade have a WhatsApp number to assist in queries?
Yes, it does. The number is +447520644093.
Social Responsibility
Our research on AvaTrade’s website showed that the broker does not publish any information on its corporate social responsibility (CSR). However, we did manage to find out that AvaTrade does donate to organizations fighting for environmental protection and improved education.
Being a globally known broker, they most likely give back to the community but do not boast about their efforts.
We do think that AvaTrade could benefit by strengthening its image as a socially conscious broker, both internationally and in countries like the Philippines, where community investment is highly valued, by promoting these CSR activities.
User Comments and Review
Having a reputation of being a trusted broker, AvaTrade has received thousands of user reviews across several trusted sites. We found the following:
🥇“What I like most about AvaTrade is their commitment to education. The webinars and market analysis reports are top-notch and have helped me make more informed trading decisions. The educational content is detailed and very accessible, making it a great resource for traders at all levels.”
🥈“I’ve been trading forex for many years and have worked with a few brokers over my trading journey, and AVATRADE is one of the few that made quite an impression. Their back-end service is efficient, and the platform is easy to use, making trading a breeze. More importantly, the overall user experience is top-notch.”
🥉“My account manager, Petrov, was absolutely unreal. His dedication to helping me and giving me absolutely every bit of support I needed in a friendly and professional manner was amazing. Could not recommend him or the brokerage more.”
🏆“I tried for 2 days now to fund my account through OZOW. Just keeps getting messages that the transaction is pending. Very frustrating. Had to do a wire transfer, which cost a lot more. Still waiting for funds to show in my account.”
In Conclusion
We’ve properly investigated AvaTrade in detail as a forex and CFD broker, and due to the strict regulations in the jurisdictions it operates in, we think it’s a reliable platform that meets Filipino traders’ requirements.
Our Insight
In my opinion, AvaTrade is a good option for Filipino traders. High-leverage options can be beneficial, but Filipino traders should keep in mind that although they can make a good profit, they can also have a reverse effect and risk losing a lot of money.
Our Recommendations
While we would recommend AvaTrade as the number 1 forex and CFD broker for Filipinos, there are some drawbacks that the broker could improve on, which include the following:
✅First, we recommend that AvaTrade improve its website and make it much more friendly. Finding the important information needed to decide whether to use its platform is quite a mission. We think the only reason it is the number one broker is that the reviews are good, and it is a long-established, well-known, and trusted broker.
✅The Philippines’ official language is Filipino and English, and it would enhance communication for Filipino trader if they could also be served in their official language. Fortunately, most Filipinos do speak English.
✅Given the Philippines’ economic and legal framework, AvaTrade can provide specialized trading terms, including reduced leverage options and risk management tools designed to shield traders from the significant volatility often seen in developing markets.
✅For Filipinos, the product portfolio of AvaTrade is limited, consisting only of forex, various CFDs, and cryptos. Inactivity fees are fairly high, and CFD trading fees are not the most competitive on the market.
✅It would also be a good idea to plan frequent seminars and training sessions on forex and CFD trading in the main cities of the Philippines.
✅Introducing deposit and withdrawal options in Philippines pesos would make financial transactions for Filipino traders easier. This will lower their transaction expenses and help eliminate the need for currency conversion.
Pros & Cons
| ✅Pros | ❌Cons |
| The popular MetaTrader 4 and 5 is available | AvaTrade is not regulated in the Philippines |
| The demo account is offered on all platforms for 21 days. | Deposits and withdrawals are not supported in peso |
| The broker has won several awards, which is an indication of its expertise | There are inactivity fees charged on dormant accounts |
| The broker is well-regulated in various jurisdictions | Withdrawal times can be extremely slow |
| Filipinos can trade a range of markets using several powerful platforms | The AvaOptions desktop platform is slow to load and has an outdated design that doesn’t match up with the sleek, responsive design of its mobile counterpart |
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Frequently Asked Questions
Can I use the AvaTrade platforms in Filipino?
No, you may not be able to. While the platforms are available in English, the second official language in the Philippines, AvaTrade does not provide Filipino customer help.
Can I receive assistance setting up my AvaTrade account from someone in the Philippines?
No, AvaTrade doesn’t have an office in the Philippines. However, while AvaTrade may not be physically present in the Philippines, you can still get competent help online.
Is AvaTrade regulated in the Philippines?
No. While AvaTrade is not directly regulated by a local financial body, it follows strict guidelines established by renowned international agencies such Central Bank of Ireland (CBI), BVI, and ASIC, to mention but a few. Traders can rest assured that their funds are protected and secured.
Does AvaTrade charge an inactivity fee?
Yes, AvaTrade levies a $50 inactivity fee, or a currency equivalent, after three months of dormancy. This charge applies for each cycle of inactivity.
This is quite high in terms of the financial situation in the Philippines. In addition, AvaTrade charges an annual administration fee of $100 or a currency equivalent if traders remain dormant for twelve consecutive months.