Broker review
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AvaSocial Overview for Singapore
AvaSocial is the social and copy trading arm of AvaTrade, a well-established broker founded in 2006 and headquartered in Ireland. For Singapore traders, AvaSocial offers a unique approach: you can follow and copy the trades of experienced investors without needing to analyze charts yourself. The broker supports local payment methods like PayNow and bank transfers in SGD, making it accessible for Singaporeans. With a minimum deposit of $0, it lowers the barrier to entry. However, it is important to note that AvaSocial is not directly regulated by the Monetary Authority of Singapore (MAS), though its parent company is regulated by the CBI and ASIC. This may be a consideration for traders who prioritize local oversight. The platform is geared towards traders who want a hands-off experience, but lacks the advanced tools of MT4/MT5. Overall, it is a legitimate option for Singapore traders interested in social trading, but not for those requiring direct MAS regulation.
| Detail | Information |
|---|
| Founded | 2006 |
| Headquarters | Ireland |
| Regulated by | CBI,ASIC |
| Min Deposit | $100 |
| Max Leverage | 30 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Available |
| Demo Account | Available |
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Regulation & Safety — Is AvaSocial Safe for Singapore?
AvaSocial is operated by Ava Trade Ltd, which is regulated by the Central Bank of Ireland (CBI) under license number C53877. It is also regulated by the Australian Securities and Investments Commission (ASIC) with. For Singapore traders, this means the broker adheres to strict European and Australian standards, including client fund segregation and negative balance protection. However, AvaSocial does not hold a license from the Monetary Authority of Singapore (MAS). While this does not make the broker unsafe, it means Singapore traders do not have recourse to MAS’s dispute resolution framework. You can verify the CBI license on the Central Bank of Ireland’s register or the ASIC license on ASIC’s Connect website. Always ensure you are dealing with the regulated entity.
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore traders
Always verify AvaSocial's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
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Account Types for Singapore Traders
Standard Account
No Commission
Min Deposit$100
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$100
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | No |
| Scalping Allowed | No |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | No |
| Copy Trading | Yes |
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Deposits & Withdrawals — Singapore Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Singapore deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Singapore Muslim Traders
AvaSocial does not offer an Islamic (swap-free) account. This means that for Singapore Muslim traders who need to comply with Sharia law, holding positions overnight will incur swap or rollover interest, which is not permissible. The broker does not provide any alternative or exemption. If you require a swap-free account, you should consider other brokers that explicitly offer Islamic accounts, such as XM or IC Markets, which are also available in Singapore. AvaSocial’s lack of this option is a notable limitation for the Muslim trading community.
| Feature | Details |
|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
No Islamic account
This broker does not offer an Islamic account. Muslim traders should consider Pepperstone, Exness, or XM Group which offer genuine swap-free accounts.
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Instruments & Markets in Singapore
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03-$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Singapore Review
Support verdict for Singapore
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Singapore Traders Make with AvaSocial
- Mistake: Singapore traders often assume AvaSocial is regulated by MAS because it is available in Singapore. Always verify the regulatory status – it is regulated by CBI and ASIC, not MAS.
- Mistake: Using bank transfer instead of PayNow for deposits. PayNow is instant and free, while bank transfers take 1-2 days.
- Mistake: Expecting advanced trading platforms like MT4 or cTrader. AvaSocial only offers its proprietary platform, which lacks advanced charting and EA support.
Trust, comparison and news
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AvaSocial vs Competitors in Singapore
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| AvaSocial (current) | $100 | Check broker | No | No | 3.9 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — AvaSocial
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Singapore traders
AvaSocial segregates all client funds and is regulated by top-tier authorities.
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AvaSocial User Reviews & Ratings
Trustpilot Rating
—
☆☆☆☆☆
Based on verified reviews
CompareBroker Expert Rating
3.9
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
Final Verdict — Is AvaSocial Worth It for Singapore Traders?
3.9/5
★★★★★
AvaSocial is a legitimate broker for Singapore traders who are interested in social and copy trading. The zero minimum deposit and PayNow support make it easy to start. However, the lack of direct MAS regulation may be a concern for risk-averse traders. The proprietary platform is user-friendly but lacks the advanced features of MT4/MT5. The broker is best suited for beginners or those who prefer a hands-off approach. For experienced traders who need advanced charting, ECN accounts, or Islamic accounts, other brokers like IG or XM may be better choices. Overall, AvaSocial is recommended for Singapore traders who prioritize social trading and low entry barriers, but not for those requiring comprehensive tools or MAS oversight.
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FAQ — AvaSocial for Singapore Traders
Is AvaSocial safe for Singapore traders?
+How can I deposit money in AvaSocial from Singapore?
+Does AvaSocial have Islamic account?
+What is the minimum deposit for AvaSocial in Singapore?
+What trading platforms does AvaSocial offer?
+Is AvaSocial regulated and legit?
+Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated October 2026.
