Avatrade Kenya review

The account fee is $100, charged for keeping the account open. That sits against a stock trade fee of $0 on equities, so the cost of this broker sits in the account charge rather than in each deal. Traders who place few orders still pay it.

An inactivity fee of $50 applies, so an account with no activity picks up a charge. Combined with the account fee of $100, holding an unused position is the expensive part of this broker. Anyone parking money here should read the inactivity terms before funding.

The minimum deposit is $100. That is a higher floor than the $0 listed for CFI, so starting small is harder here. Anyone beginning with a modest sum should weigh that entry amount against the $100 account fee before funding.

The model is commission free, and the stock trade fee is $0, so equity dealing does not carry a per trade commission on these figures. Costs at this broker sit in the account fee of $100 instead, which suits active traders and penalises occasional ones.

Deposits and withdrawals are free, so no separate charge applies for moving money in or out. The floor is the minimum deposit of $100, and the account fee of $100 still applies to the account itself while the balance sits there.

Accounts run on MT4, MT5 and AvaTradeGO, covering MetaTrader desktop and mobile alongside the AvaTradeGO app and the web platform. A demo account and a mobile app also come with the account, as demo account and mobile app shows, so each platform can be tried before funding.

The market list in stocks, etfs and forex covers forex, stocks, exchange traded funds, contracts for differences, crypto and bonds. That mix suits a trader who wants currency and equities side by side, rather than choosing between a pure forex broker and a pure stock broker.

Losses are the common result: 72.13% of retail accounts in the forex broker group lose money, and the stock broker group sits at 72.03%. Wide market choice and commission free equity dealing do not change that, so position sizing matters more than the entry fee.