Not often do you come across a forex broker regulated by six different regulatory organizations across five different continents that offers a bonus program incredibly more useful than a vast majority of inconsequential forex offers in the market. A regulated forex broker cannot easily provide meaningful forex bonuses to its traders primarily because of the severe regulatory restrictions placed on companies. Nevertheless, AVATrade manages to do both with its groundbreaking forex brokerage services.
It is common for traders to be apprehensive about a broker’s promotional offers. How does AVATrade manage to offer a comparatively decent promotions program without violating the regulatory guidelines? Does an AVATrade bonus guarantee the safety of your funds against bogus broker terms and conditions? Are AVATrade bonuses available to all traders across its global brokerage platforms? Are there any withdrawal restrictions placed on the account if you sign up for AVATrade offers? We give you definitive answers to all these questions through our detailed AVATrade bonus review.
Predominantly two different AVATrade bonus offers are specifically designed for two different categories of traders. The first category consists of international traders based outside the EU, while the second category of traders includes those that reside within the EU. While the broker is confined by EU regulations regarding promotional and marketing campaigns, the company has chosen to give two distinct offers to differentiate between EU and non-EU traders. As a result, AVATrade is capable of promoting a deposit bonus program for its international traders while also satisfying its EU clients with a comprehensive training program that does not interfere with the regulatory framework.
Even though we are definitely excited about the AVATrade offer, we must warn you not to expect any extravagant promotions or trader benefits. Being a regulated company does come with its fair set of restrictions. Offering massive bonuses may not be viable from an operational standpoint, especially if traders start abusing the system. The broker is also not forthcoming about its loyalty or cashback programs as these are usually tailored to suit the requirements of independent account holders. Nevertheless, below is a rundown of the promotions offered by the company.
The AVATrade deposit bonus is a promotional program that is available only to new account holders and offers a straightforward 20% bonus on the first deposit. The free money is credited as a percentage of the initial deposit, with traders being able to enjoy a maximum of $10,000 in trading credits. Any deposits larger than $50,000 don’t get any other supplementary offers, but you can speak to your account manager to see if the company is willing to provide additional bonuses on your deposits. Investments higher than $100,000 may qualify for a VIP status and custom deposit bonuses, but once again, you should consult with the company’s accounts team for information on the exact bonus percentage amount.
The minimum deposit required to avail the welcome bonus is $1,000, even though the minimum deposit for a regular bonus-free account is just $100. However, the withdrawal conditions are slightly concerning for low-frequency traders. You can withdraw the bonus amount, but you should transact a minimum of 10,000 units of the account’s base currency for every unit of free money that you receive.
Therefore, if you are opting for the full $10,000 free trading credits, it would amount to a minimum transaction size of $100,000,000 for meeting the broker’s terms and conditions. You do get six months to complete the minimum trading requirements, but whether the average trader can achieve that many lots within such a short time frame is uncertain. Also, the welcome bonus program is not available for EU traders.
To satisfy its growing EU clientele, the broker has had to resort to innovative promotional strategies that conform to the EU’s regulatory requirements. Accordingly, AVATrade has launched a comprehensive free online trading coaching program, which is administered through a personal trading coach for every account holder. The online trading education structure features three courses, each designed for traders with a specific amount of experience and market know-how.
Unlike deposit bonuses, training programs, and other similar campaigns that are fully legal under the EU’s new financial services marketing guidelines, these training courses are developed to impart the best trading skills necessary to tackle the markets in the best possible manner. A minimum deposit of $1,000 is required to sign up for the training course.
The first course is known as the Forex Advantage program, which is a basic program that educates the trader about crucial skills, such as those of a forex market master, a top forex strategist, a technical analyst, and a fundamental analyst. The second course is more oriented toward educating the trader about basic forex terms, where the skills imparted include those of a forex market master, a currency collector, and a chief forex analyst. The third course is the advanced level, known as the Winning Tactic, where the skills learned include those of a statistics wiz, a risk-management master, and a top forex strategist.
The AVATrade free online trading coaching program is only available to EU traders. Unfortunately, international traders can’t enroll in the program. We do understand that these are different promotions developed for different traders from a geographic perspective, but still, it would have helped international traders build their trading skills and enjoy a more fruitful trading career.
The company has a referral program known as AVAPartner, where traders can earn substantial sums of money by referring new clients to the broker. The company claims to have paid out more than $200,000,000 in partner bonuses—a sizeable figure. Traders can choose either the CPA model, which pays a fixed lump sum upon successful conversion, or the revenue share model, which pays out commissions on every deposit and trade performed by the trader. The broker also supports a hybrid model that combines the two, but a detailed outline of their referral program can be found on the AVAPartner website.
AVATrade bonuses are associated with a few terms and conditions, and traders are expected to comply with them while accepting the offer. Here are some of the key trading conditions that are important from the trader’s perspective:
Just like the most of the brokers, such as XM and FBS, AVATrade is a regulated forex broker that is committed to offering regulated services across different parts of the globe. They have also developed a fantastic promotional campaign that suits the regulatory guidelines, enabling traders to enjoy the best value for their investments. Regardless, there is undoubtedly a risk of satisfying the mandatory trading requirements, which can be a tough ask for most traders. An AVATrade bonus is not a compulsion, but if you feel that the free credits can help you in your trading exploits, feel free to sign up for an account today!