Compare AvaTrade vs easyMarkets
What is AvaTrade? What is easyMarkets?
AvaTrade is a global online broker that was founded in 2006 and is regulated by several authorities, including the ASIC, FSCA, ISA, and FSA. AvaTrade offers over 1,200 trading instruments, including forex, stocks, commodities, indices, cryptocurrencies, ETFs, and options.
easyMarkets is an online broker that was founded in 2001 and is regulated by the ASIC, CySEC, and FSA. easyMarkets offers over 200 trading instruments, including forex, metals, commodities, indices, cryptocurrencies, and options.
AvaTrade vs easyMarkets Regulation Comparison
Both AvaTrade and easyMarkets are considered trusted brokers with high trust scores of 94 and 80 out of 99 respectively. They are both authorised by the European Union under MiFID and have tier-1 licenses from the ASIC in Australia.
AvaTrade has more tier-1 licenses than easyMarkets, as it is also authorised by the FSCA in South Africa, the ISA in Israel, and the FSA in Japan. easyMarkets does not have any tier-2 licenses, while AvaTrade has three: from the UAE, Ireland, and Cyprus.
AvaTrade vs easyMarkets Trading Assets Comparison
AvaTrade has a much larger offering of trading assets than easyMarkets, with 1,260 tradeable symbols compared to 199. AvaTrade also offers more forex pairs (55 vs 62), more CFDs (including ETFs and futures), more cryptocurrencies (physical and CFD), and more options (including spread betting) than easyMarkets. easyMarkets does not offer any stock trading (non-CFD), social trading/copy trading, or binary options.
AvaTrade vs easyMarkets Trading Fees Comparison
Both AvaTrade and easyMarkets use fixed spreads as their main source of trading fees. However, AvaTrade has slightly lower spreads than easyMarkets on average. For example, AvaTrade offers spreads as low as 0.9 pips on EUR/USD, whereas easyMarkets’ spreads start at 1.0 pips. This difference can add up to significant savings for high-volume traders. Neither broker charges commissions or withdrawal fees.
AvaTrade vs easyMarkets Account Types Comparison
Both brokers offer a standard account type with a minimum deposit of $100 for AvaTrade and $25 for easyMarkets. They also offer a demo account for practice trading and an Islamic account for swap-free trading.
However, AvaTrade has more account options than easyMarkets, such as a professional account for experienced traders with higher leverage and lower margin requirements, a MAM account for money managers who can manage multiple accounts from one platform, and a segregated account for extra security of client funds. easyMarkets does not offer any of these account types.
AvaTrade vs easyMarkets Deposit Options Comparison
Both brokers support a variety of payment methods for depositing and withdrawing funds from their trading accounts. They both accept credit/debit cards, wire transfers, Neteller, Skrill, WebMoney, and UnionPay.
However, easyMarkets has more payment options than AvaTrade, such as BPAY, iDEAL, SOFORT, FasaPay, Crypto (including Litecoin, Ethereum, Crypto Cash, Tether), giropay, and AstroPay. AvaTrade does not accept any of these payment methods.
AvaTrade vs easyMarkets Trading Platforms Comparison
Both brokers offer their own proprietary web-based trading platforms that are user-friendly and feature-rich. They also support the popular MetaTrader 4 platform that is widely used by traders around the world for its advanced charting and automated trading capabilities. However, only AvaTrade supports the MetaTrader 5 platform that is the latest version of MetaTrader with more features and functionalities than MetaTrader 4. easyMarkets does not offer MetaTrader 5.
AvaTrade vs easyMarkets Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their strategies and decisions. They both offer market news, economic calendars, trading signals/alerts, technical analysis tools (such as indicators and drawing tools), and educational resources (such as webinars, videos, articles, and ebooks).
However, AvaTrade has more research tools than easyMarkets, such as market sentiment, trading calculators, social trading/copy trading, and Autochartist (a powerful tool that scans the market for trading opportunities based on technical patterns and indicators). easyMarkets does not offer any of these research tools.
AvaTrade vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. There are pros and cons to both brokers. Ultimately, the best forex broker for you depends on your personal preferences and goals.
