Have you heard about bonuses that AvaTrade promises to provide? If so, then you must be curious about the condition that whether AvaTrade bonuses are actually accessible or not.
AvaTrade is one of those brokers that offer more than one bonus. There are very few brokers that are legit and still offer more than bonuses. But in FX trading, the broker is something that is always in a radius of doubt of traders.
Because there are many brokers in the world that cheat with their clients (traders) to get all of their money, is AvaTrade also one of them?
Let’s find out right now and right here:
An Overview of AvaTrade
In 2006 AvaTrade was launched in Dublin, Ireland, as one of the top forex brokers. The company aims to produce a safe trading environment. The company provides services in more than 150 countries worldwide. It is fully registered and licensed in the EU and the British Virgin Islands, with additional Australia, South Africa, and Japan regulations.
We have mentioned earlier that AvaTrade is one of those brokers who offer more than one bonuses. These kinds of brokers want to attract more and more clients by giving them greed for extra bonuses, promotions, and rewards.
But all are not the same because many are doing this to attract clients and loot them while others are doing this to attract traders to work with them and earn some legal profit. But which one is AvaTrade? This decision is in your hand; we will just show you what is in front of us and inside our hands.
AvaTrade offers bonuses, promotions, and rewards of up to 10,000 USD. AvaTrade bonuses are:
- Welcome Bonus
- Referral Bonus
A welcome bonus is probably the most usual bonus that is offered by FX brokers in this world. It happens because they want clients to start trading with them. There is the main condition for you is that you must be a newcomer. If you are already using AvaTrade, then you can’t claim it.
To claim it, you have to register for AvaTrade as a new trader. And then deposit some amount that must be more than 200 EUR, USD, AUD, or GBP. You can deposit in four currencies:
- US Dollars
- British Pounds
- Australian Dollars
You will immediately get your bonus of 20% that you can only use for trading on the deposit. This amount can’t be withdrawn, but its profit is withdrawable. It means that if you deposit $1000, then your bonus will be $200.
A referral bonus is a plus point of AvaTrade because it is something that most brokers do not offer. You will get 50 to 250 USD or your chosen currency when your referred trader creates a real account. But if your referred person deposits at least 500 USD. You will get your amount after 10 trades of your referred person.
These bonuses are eligible for demo accounts because you are just testing the platform and not doing real trading in demo accounts. AvaTrade bonuses are completely real so that you can redeem them in reality.