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AvaTrade Sign Up Bonus

AvaTrade offers Kenyan traders a sign-up bonus of $100 (11 935 KES) when traders first register a retail account. Traders are not limited to a sign-up bonus on AvaTrade. AvaTrade is a trustworthy broker that has a Trust Score of 95% out of 100

Updated : September 27, 2022

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Sign Up Bonus

Referral Bonus

Additional Broker Bonuses

Pros and Cons

Final Verdict

FAQ

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

Sign-up Bonus

AvaTrade Sign Up Bonuses

👉 AvaTrade does not offer a sign-up bonus to Kenyan traders who register a real account for the first time.

 

👉 However, when Kenyans open their first retail account, they are eligible for a welcome bonus equivalent to their first deposit. This deal requires a minimum deposit of 11,900 KES, the equivalent of USD 100, or any other supported base currency.

 

👉 This will give traders a bonus of 4,700 KES ($40), whilst any deposit up to a limit of 1,190,000 KES ($10,000) would provide a deposit bonus of 230,000 KES (equal to $2,000).

 

👉 AvaTrade provides a calculator that allows traders to estimate the proportionate amount of their bonus based on their deposit amount.

Referral Bonus

AvaTrade Sign Up Bonuses Referal Bonus

👉 AvaTrade provides a referral incentive to Kenyans, enabling them to earn between 5,900 KES and 29,800 KES (about $50 and $250, respectively). The amount of the deposit that Kenyan traders are eligible for will depend on their referral’s first deposit as follows, in US dollars:

➡️ $500 to $2,000 – $50

➡️ $2,001 to $5,000 – $100

➡️ $5,001 to $10,000 – $150

➡️ $10,001 to $20,000 – $200

➡️ $20,001 and more – $250

 

👉 A referral incentive is one of the best ways for brokers to gain traders via word of mouth since traders can share a unique referral code with their friends. Traders must register an AvaTrade account and distribute their unique referral link to family and friends.

 

👉 After the referrals create a real account with AvaTrade as demo accounts are not considered eligible. In addition to paying the required minimum deposit, they might be needed to trade a certain volume to qualify for the bonus.

 

👉 After satisfying these requirements, both the trader and their referral become eligible for the referral bonus.

Additional broker bonuses, promotions, and rewards

AvaTrade Sign Up Bonuses Additional Broker Bonuses

👉 AvaTrade currently does not offer a trading bonus or a broker bonus to its existing clients, loyal customers, or active traders.

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Avatrade’s website

AvaTrade Pros and Cons

✔️ Pros❌ Cons
AvaTrade is well-regulated in several jurisdictionsThere are no variable spreads
There are more than 1,250 trading instruments available across financial marketsThere is only one retail and one professional account
There are several useful trading tools offered to advanced tradersThere are inactivity fees charged on dormant accounts
There is a choice between innovative and powerful trading platformsThere are currency conversion fees that may apply
AvaTrade offers competitive trading conditions to Kenyan tradersThere is no KES-denominated account or local deposit and withdrawal options for Kenyans
There is an Islamic account option and a demo account
AvaTrade is trusted and has won several awards since its inception
There are several trading strategies that traders can use, and they have access to social trading opportunities

Verdict on AvaTrade

👉 Overall, AvaTrade is very competitive in terms of its trading fees and spreads.

FAQ

Does AvaTrade offer a bonus?

Yes, AvaTrade offers a deposit bonus to new traders who register a real account for the first time. There is also a referral bonus offered to new and existing traders.

 

Is AvaTrade legit?

Yes, AvaTrade is a reputable and multi-regulated broker that has strict oversight. AvaTrade also has a trust score of 93 and there are thousands of complimentary reviews from customers.

 

Can I use a demo account to get the bonus?

No, you cannot use a demo account to get the bonus from AvaTrade. You must register a real account and verify your details according to KYC procedures.

 

What is the minimum deposit for AvaTrade?

The minimum deposit for a real account with AvaTrade is 100 USD or 11,900 KES.

 

How can I withdraw my bonus from AvaTrade?

To withdraw your bonus, you must satisfy the trading volume requirements as stipulated in AvaTrade’s terms and conditions for the bonuses.

10/10 - (1 vote)