Opening an account with AvaTrade is an easy and streamlined process if you have all the required documents.
Once you’ve filled in all the basic and extra information required, you’ll be requested to send the documents.
The documents requested may include a photo/scan of your national ID, Passport or driving license where all details such as name and location are clear. You must then also provide a proof of address. This can be a photo/scan of any recent utility bill, or a photo, scan or PDF of a recent bank statement.
It’s important to know that once you’ve selected your base currency, you can’t change it unless by creating another account.
Base currency here means the currency used in your account. Examples of this include USD, EUR, GBP, AUD etc.
By default, the base currency of UK residents is GBP and Australian clients is AUD.