5 minute read
Does Avatrade Accept MPESA
by ForexMakets
Does Avatrade Accept MPESA
Forex trading is growing fast in Africa, especially in Kenya, where MPESA has become a major payment method. Traders are actively searching for platforms that are not only trustworthy but also convenient for depositing and withdrawing funds. One of the most asked questions is: Does AvaTrade Accept MPESA? If you’re a trader from Kenya or nearby regions, understanding this can be crucial to your trading journey.
In this comprehensive guide, we’ll explore AvaTrade’s MPESA options, payment systems, alternative deposit methods, and whether it’s the right choice for Kenyan traders.
💥💥💥 Trader with AvaTrade: 👉 Open An Account or 👉 Go to broker
Introduction to AvaTrade
Founded in 2006, AvaTrade is a globally regulated forex and CFD broker offering access to a variety of markets including currencies, commodities, indices, stocks, and cryptocurrencies. AvaTrade is known for its user-friendly platforms, competitive spreads, and strong educational resources.
✅ Regulated in multiple jurisdictions including Europe, Australia, Japan, and the Middle East.
With millions of registered users globally, AvaTrade has earned a reputation for reliability and transparency. But what about accessibility for African traders, specifically those using MPESA?
What is MPESA?
MPESA is a mobile money transfer service developed by Safaricom in Kenya. It enables users to store money on their mobile devices and perform various transactions, including:
Sending and receiving money
Paying bills
Making online purchases
Depositing and withdrawing funds
MPESA is widely used in Kenya, making it an ideal tool for forex traders who need fast, secure, and reliable payment methods.
✅ Over 30 million active users in Kenya
Does AvaTrade Accept MPESA Directly?
❌ Currently, AvaTrade does NOT support MPESA as a direct payment method.
However, that doesn’t mean you can’t fund your AvaTrade account using MPESA. Many traders successfully use intermediary services or e-wallets that support MPESA and are accepted by AvaTrade.
These include:
Skrill
Neteller
AstroPay
You can fund your Skrill or Neteller account using MPESA, and then deposit that amount into your AvaTrade trading account.
Alternative Deposit Options for Kenyan Traders
If you cannot use MPESA directly, here are other deposit options available on AvaTrade:
Credit/Debit Cards (Visa, Mastercard)
Bank Transfers
E-wallets (Skrill, Neteller, WebMoney)
Crypto Wallets (limited regions)
❌ MPESA not directly accepted ✅ E-wallet workaround available
How to Deposit Funds into AvaTrade from Kenya
Here’s how Kenyan traders can use MPESA indirectly:
Create a Skrill or Neteller account
Use MPESA to fund your Skrill/Neteller
Log into your AvaTrade account
Choose Skrill/Neteller as deposit method
Complete the transfer
Funds usually reflect within minutes, and the process is seamless.
Benefits of Using MPESA for Forex Trading
Even though MPESA is not supported directly, using it through e-wallets still brings major advantages:
✅ Fast transaction speed
✅ Lower local transaction fees
✅ High availability across Kenya
✅ Secure and mobile-friendly
Many Kenyan traders prefer using MPESA-linked wallets because of their convenience and reliability.
Why Kenyan Traders Choose AvaTrade
Despite the MPESA limitation, AvaTrade is still a top-tier choice for Kenyan traders because:
Low spreads & commission-free trading
Powerful platforms (MetaTrader 4, MetaTrader 5, AvaTradeGO)
Strong regulatory background
Wide range of instruments
Excellent support & training resources
✅ AvaTrade also supports Islamic accounts for Muslim traders.
Step-by-Step Guide to Open an AvaTrade Account
Opening an account with AvaTrade is easy and can be completed in a few minutes:
Visit AvaTrade’s official website
Click "Register" and fill in your name, email, and phone
Verify your account with a national ID or passport
Choose your trading platform (MT4, MT5, WebTrader)
Make a deposit via Skrill or Neteller
Once your account is funded, you can start trading right away.
💥💥💥 If you do not have an Avatrade account, please: 👉 Open An Account or 👉 Go to broker
Trading Instruments Available on AvaTrade
AvaTrade offers access to over 1,250 instruments across categories:
Forex – Majors, Minors, Exotics
Stocks – Apple, Tesla, Amazon, etc.
Indices – S&P 500, Dow Jones, FTSE 100
Commodities – Gold, Oil, Silver
Crypto – BTC, ETH, ADA, LTC
All can be traded with leverage depending on region and account type.
Security, Regulation & Licenses
AvaTrade is one of the most regulated brokers globally:
Central Bank of Ireland
ASIC (Australia)
FSA (Japan)
FSCA (South Africa)
ADGM (UAE)
✅ Traders’ funds are kept in segregated accounts ✅ Negative balance protection
You can trade confidently, knowing your money is protected.
Common Challenges and Workarounds
❌ Direct MPESA Not Available
✅ Use Skrill/Neteller funded by MPESA
❌ Currency Conversion Fees
✅ Use wallets that support KES to reduce conversion costs
❌ Verification Delays
✅ Ensure documents are clear, recent, and match your registration info
FAQs: Does AvaTrade Accept MPESA
1. Does AvaTrade accept MPESA directly?
No, AvaTrade does not currently accept MPESA directly. But you can use e-wallets like Skrill or Neteller funded through MPESA.
2. What is the best way to deposit with MPESA?
Use MPESA to fund a Skrill or Neteller account, then transfer funds to AvaTrade.
3. Are there fees when depositing via MPESA?
There may be small transaction or conversion fees depending on the e-wallet service.
4. Is AvaTrade safe for Kenyan traders?
Yes. AvaTrade is globally regulated and offers secure trading environments.
5. Can I withdraw to MPESA from AvaTrade?
Not directly. But you can withdraw to your e-wallet, then transfer to MPESA.
6. Does AvaTrade offer a demo account?
Yes. AvaTrade provides free demo accounts for all users.
7. Can I use Kenyan Shillings (KES) on AvaTrade?
No. AvaTrade accounts are typically in USD, EUR, etc. But conversion is handled during deposits.
8. How fast are deposits and withdrawals?
E-wallet transactions are usually instant. Bank withdrawals may take 3–5 business days.
9. What’s the minimum deposit on AvaTrade?
$100 or equivalent depending on the method used.
10. Is AvaTrade good for beginners?
Absolutely. AvaTrade offers extensive training resources and intuitive platforms.
If you’re looking to trade with a globally trusted broker and want to use your MPESA funds effectively, AvaTrade is a strong option. While it may not support MPESA directly, the availability of secure e-wallet workarounds ensures you can still join the market and trade with confidence.
✅ Ready to start trading? Open your AvaTrade account today and use MPESA via Skrill/Neteller to fund your trading journey!
💥 Read more:
Avatrade Canada Review 2025: Pros & Cons A Comprehensive Review
Avatrade Australia Review 2025: Pros & Cons A Comprehensive Review
