AvaTrade's first-deposit bonus is a flat 20% match on first deposits from $200 up to $50,000, so the largest bonus is $10,000, credited to new live trading accounts. It is not available everywhere: the EU, EEA and UK ban this kind of trading incentive for retail clients under ESMA and FCA rules, so clients onboarded through AVA Trade EU Ltd will not see it. It is also excluded in Switzerland, Canada, Japan and Australia, for clients of the ADGM entity in the UAE, and in India, Bangladesh, China, Hong Kong, Indonesia, Iran, Macao, Malaysia, Mongolia, Pakistan, Taiwan, Thailand and Vietnam. In practice the bonus is offered through AvaTrade's non-EU entities, largely the BVI and other offshore-licensed operations, to clients in regions where regulators still permit it.
The bonus is not cash you can withdraw on sign-up. It is trading credit, and AvaTrade's published terms require 30,000 units of your account's base currency in traded volume for every $1 of bonus, completed within 100 days of it being credited. A $100 bonus, for example, means trading 3,000,000 units of volume before that credit becomes withdrawable. That is a heavy bar for a modest reward, and most casual traders will not clear it. Profits earned while trading with the bonus are withdrawable at any time regardless of whether the volume target is met. Withdrawing your own deposited funds before hitting the volume requirement cancels the outstanding bonus, and if the 100-day window lapses without the target being met, the bonus is simply removed while your original deposit and any profits stay untouched.