avantis venue review

Avantis charges 0% to 0.045% on notional and tops out at 500x, which puts $0.45 of opening cost on a $100 collateral at 10x.

what Avantis is and who stands behind it

Avantis lists 6 asset classes and prices them off one commercial model: a fee on notional, which is collateral multiplied by leverage, charged on opening and again on closing, with a ceiling of 500x and a loss capped at the collateral. Avantis documents 6 classes without an instrument count, and every one of those terms is stated once below with the Avantis document it came from.

Avantis is run by a foundation, with a separate company named in the privacy policy, with Cayman Islands as the place its terms point to and 7 named jurisdictions it says it does not serve. On licensing its terms are explicit: none; Terms state 'AVANTIS IS NOT A BROKER, DEALER, EXCHANGE, INVESTMENT ADVISER, CUSTODIAN OR FINANCIAL SERVICE PROVIDER OF ANY KIND'. The AVNT MiCAR white paper states it 'has not been approved by any competent authority in any Member State of the European Union'.. Identity checks are recorded as No KYC to trade; log in with email, Google, X or SMS, which for a reader means the 7 exclusions are enforced by declaration rather than by document check (Avantis terms).

the Avantis ladder tops out at 500x

Avantis sets its ceiling per asset class rather than once, across 9 published groups running from 25x to 500x, so the headline 500x belongs to 1 of those 9 groups and to nothing else. Leverage set as a continuous number rather than as rungs, and the floor is unpublished, which the registry records as unconfirmed. Avantis also cuts ceilings around scheduled events: Leverage caps are cut around scheduled events: the documented example is XAU/USD reducing from 200x to 25x ahead of US CPI and resetting 24-48 hours later.

Avantis charges 0% to 0.045% on opening and again on closing

Avantis charges on notional, which is collateral multiplied by leverage, on opening and again on closing, at 0% to 0.045% (Avantis fee documentation). On a $100 collateral at 10x that is $0.45 to open and $0.90 for the round trip, and because the base is notional, the same rate at 500x costs $22.50. A maker fill on Avantis pays 0.001% against 0.045% taker, so the same 10x position opens for $0.01.

Beyond the headline rate, Avantis documents 3 further terms that change what a round trip costs: 'Spread is applied - based on notional volume and the asset liquidity across exchanges.' No numeric spread is published: unconfirmed; Maker is the side that joins the lighter side of open interest and pays 0.001% on open and close; taker adds to the heavier side and pays 0.045% on open and close. Crypto is also stated as 4.5 bps taker and 1 bps maker; Forex, commodities, indices and equities are documented as zero commission 'in growth mode', with spread and funding still applying. The fee-schedule page also carries a line stating zero commission for crypto while in growth mode alongside the 4.5 bps taker / 1 bps maker figures, so the crypto rate should be re-checked against the app before publishing.

what a $100 collateral costs at each rung on Avantis

Exposure is collateral multiplied by leverage, so a $100 collateral at 500x controls $50,000. The table prices every rung Avantis can be priced at, from 2x to 500x, with the round trip beside the opening cost so the figure a reader plans against is the one they pay twice where the rate is charged on both sides.

Opening cost is 0% to 0.045% of notional, referral discount applied where one is published. Room is computed from the Avantis maintenance rule. Where a rate varies by asset class both ends of the schedule are shown.

what it costs to hold a position open on Avantis

Avantis calls its holding charge net rate and publishes no rate for it, so that cost appears in none of the 11 rungs priced above and every figure on this page is a floor on cost. It accrues every 1 hour, rate unpublished and excluded from every cost figure here, which means a position held for days on Avantis has paid something the tables here cannot contain. No numeric funding or borrow rate is published. Only qualifier given: on FX majors and RWAs 'holding costs run below 3 per cent a year'. Funding flows from the heavier side to the lighter side and can be earned; borrow is the cost of the leverage itself and is always paid.

the Avantis liquidation rule, written out

Avantis states the rule as a formula: Collateral Health Ratio = (Net Collateral + PnL + accumulated net funding - closing fee) / Net Collateral, where Net Collateral = Original Collateral - Opening Fee; liquidation triggers when the ratio falls to 85% or lower (Avantis on liquidation). Evaluated at 10x that gives 8.500%, and at the 500x ceiling 0.170%. Also stated as 'Positions liquidate at 85 per cent loss'. The two phrasings on Avantis's own pages describe the same 85 per cent parameter differently (health ratio at or below 85 per cent versus 85 per cent loss); recorded as published.

6 asset classes on Avantis, and how many instruments

Avantis publishes 6 asset classes (equities, cryptocurrency, metals, commodities, equity indices, forex) and no instrument count the registry could record, so the number of tradeable markets on Avantis is carried as unconfirmed. Nothing here claims a named ticker is listed on Avantis, which is the difference between a class being covered and an instrument being confirmed. Overview says 'one collateral for all 100+ markets'; no exact count published. Equities trade 24/5. ETFs are not listed as a class; US500 and US100 are Avantis index market identifiers, not index-provider products.

collateral, currency and getting money out of Avantis

Avantis takes collateral in USDC and settles in it, so the collateral on a $100 position at 10x is USDC rather than a bank balance. One USDC collateral balance backs every market, and log-in is by email, a social account or SMS with no identity check documented. Deposit and withdrawal mechanics beyond that currency are recorded as unconfirmed, so nothing here states how USDC reaches or leaves a Avantis account. No practice mode on Avantis is documented either way, which the registry carries as unconfirmed rather than as an absence.

whether a loss on Avantis can exceed the collateral

On Avantis the loss is capped at the collateral. 'You can never lose more than your collateral. Positions liquidate at 85% loss, before a loss can outgrow what you posted. There are no margin calls and no negative balances.' At 500x that means a 0.170% move against the position ends it, and what happens after that point is the whole question a reader should ask of any venue (Avantis terms on loss). No liquidation fee is published: unconfirmed. On a $100 collateral at 500x that is $50,000 of exposure resting on the collateral.

what the Avantis referral gives

The Avantis referral gives 5 per cent referral rebate. Permissionless system: anyone can be a referrer, a self-chosen referral code is bound to the referrer's wallet address via 'create referral link', and total plus claimable earnings are shown at avantisfi.com/referral. and that benefit is confirmed against the venue's own documents (Avantis referral documentation). It binds by link, and against a rung choice that moves opening cost on a $100 collateral between $0.45 at 10x and $22.50 at 500x, the referral is the smaller of the two decisions. The docs headline the referrals page as 'Earn rewards and get fee discounts' but publish no discount percentage for the referred trader: unconfirmed. A separate documented discount route is AVNT staking fee discounts. The Avantis opening rate stays at 0% to 0.045% of notional either way, and the ceiling stays at 500x.

the Avantis promo code page carries the eligibility and the exclusions in full.

verdict

Use Avantis if you are sizing at or below 5x, where 0% to 0.045% on notional keeps the round trip at $0.90 on a $100 collateral at 10x. Look elsewhere if you need to hold for days, because Avantis publishes no rate for holding a position open and none of the 11 rungs priced above includes that cost. Check the collateral cap against the size you had in mind first: on Avantis a $100 collateral at 500x carries $50,000 of exposure, and the loss stops at the collateral.

Open Avantis with code

Venue registry 2026-08-27b, reviewed through 2026-11-27. Every figure on this page is computed from that registry at build time.

Figures on this page were rebuilt 2026-08-27 by the MarketMoves editorial desk, from the sources named in the methodology. Nothing here is a forecast, and none of it is advice.