AvaTrade Review 2018 - everything you need to know as Nigerian trader


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AvaTrade is regulated CFD broker that offers Nigerian traders tailor made trading solutions. Since 2006 the company has been an innovative pioneer within online trading and was founded by combined efforts of financial experts and specialists within online trading. This was done with the goal of being the perfect CFD trading platform for traders from all over the world. AvaTrade has offices all over the world including Lagos in Nigeria, Dublin, New York and Tokyo and is under the regulation of the Central Bank of Ireland. During the last decade, AvaTrade has established itself as an important player within the CFD arena with a documented history of customer satisfaction. Today the company has over 800,000 registered traders from all over the world. This has in turn resulted in over 2 million trades being made on the platform every month. As one of the first CFD brokers to introduce commodities, indexes and stocks as CFD’s, they have now also introduced lucrative Bitcoin and Forex trading opportunities in their platform.


avatrade logo


The Trading Platform

Beginners can perform practice trades without the risk of losing their capital within AvaTrade’s demo account which 100% free to open and where you get access to 10,000 USD of ‘fake’ funds to test you’re trading with. When you have registered your demo account you get access to the same variety of CFD instruments as in a real account and this is a great way to get familiar with the platform without risking your capital in the beginning. You also have access to the large educational section on CFD trading where you can watch videos and read articles on how to become a better trader.

When you are ready to trade within a real account you can convert your demo account to funded real account within AvaTrade. AvaTrade uses the de facto industry standard platform MetaTrader which you can either download to your desktop or laptop, access online or download as a mobile app on Android or iPhone. The MetaTrader platform has a huge set of functionality include advanced charting, risk managing tools like stop loss orders, trading news and analysis and much more. It is truly one of the best trading platforms out there for traders that want to have the best functionality for CFD trading.


Are you ready to start trading with CFD? with AvaTrade Click here to open an account now


avatrade metatrader

Tradable instruments and leverage

One of the best features with AvaTrade is that you can trade basically everything you like within one account, from international stocks to commodities like oil, gold and silver, to a lot of forex currency pairs and cryptocurrencies like Bitcoin and Ripple. The available CFD’s to trade from is too large to mention in this review so we recommend that you visit their website for a full list of tradable CFD’s. AvaTrade also offers the largest leverage for Nigerian trades with up to 400 times your own capital in leverage. This is great when you are making trades on instruments where the price only moves a little and can really amplify your profitable trades. The leverage is available to all trades that open a real account and is very easy to configure.


Account opening bonus

When you open an account with AvaTrade for the first time and deposit funds, you will get a bonus related to the amount of money you deposit, usually 25% of the deposit sum. This is a great way of jump starting your trades with extra capital so you can get off on the right trading foot early on.


Are you ready to start trading with CFD with AvaTrade Click here to open an account now


best online cfd trading platform

Education and support

AvaTrade is the only CFD broker out there that offers a personal trading coach for new registered traders. The trading coach is available via phone, email and chat and can help you with tips and strategies for your CFD trades. This is huge plus for beginners how can benefit from advice early on and therefore avoid common trading mistakes. Aside from the trading coach, you will also find a large set of training videos and articles that help explain all the features of the platform.


Customer Support

AvaTrade is the only international CFD broker with a local presence in Nigeria and Nigerian traders can benefit from local support 24 hours a day Monday to Friday. The customer support can be reached by phone, email and chat and are very helpful, at least the times we have had to reach out to them.

Fees and spreads

AvaTrade doesn’t charge any fixed fees for the trades you make or any variable fees on the profit or losses your trades generate. Instead their fees are included in the spread witch is the difference between the Buy and Sell price for CFD. If you keep your trades open overnight, you will however be charged a very low sum of interest for the leveraged capital that the trade is using.

AvaTrade is the only international CFD broker with a local presence in Nigeria and Nigerian traders can benefit from local support 24 hours a day Monday to Friday. The customer support can be reached by phone, email and chat and are very helpful, at least the times we have had to reach out to them.


Are you ready to start trading with CFD? with AvaTrade Click here to open an account now


best online cfd trading platform


Deposits, withdrawals and minimum required deposit

To open a real trading account on AvaTrade is really simple. Just fill the registration form, answer a few questions on your financial knowledge and trading history, provide account verification documents (ID and bank statement for example) and deposit a minimum of 100 USD or 36,000 niara to get started. This only takes 5-7 minutes to complete and when this is done, you can start trading.

Deposits can be made with all Nigerian-issued debit or credit cards, together with bank transfers and transfers from online wallets such as Neteller, Skrill or PayPal. Deposits aside from bank transfers are usually instant and does not come with any fees involved. On the reverse, if you want to withdraw funds from your trading account this can be requested at any time and will be paid out using the same method as your original deposit. As with deposits, withdrawals from your trading account does not have any fees associated with them.


AvaTrade Review Summary

If you are looking for a CFD broker that combines a really good trading platform, a large variety of CFD’s, good leverage, deposit bonus, local Nigerian customer support and low fees, you should definitely try AvaTrade. We have tried a lot of the international CFD platforms and none of them come close to deliver what AvaTrade does, especially for Nigerian traders.

We hope that this AvaTrade review has given you the information you need. The next natural step is to use the free educational material and free demo account that AvaTrade provides:

AvaTrade - The best choice for Nigerian traders according to us - Click here to learn more


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CFD.ng recommends:

  • Access to all world markets with over 15k CFD's
  • Commodities, stocks, ETF, indexes and crypto
  • Leverage up to 400 times your capital on trades
  • Low minimum deposit of only 3,600 NGN or 10 USD
  • Regulated broker by strong security for traders
  • Great mobile trading app for Android and iPhone
  • Great to buy Bitcoin and other cryptos with
  • Local Nigerian support on phone, email and chat
  • Accepts all Nigerian bank accounts and cards
  • Quick and easy verification with mobile pic
  • Open an account and start trading in 5 minutes

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