Compare AvaTrade vs Forex.com
What is AvaTrade? What is Forex.com?
AvaTrade is a global online broker that offers trading on forex, CFDs, cryptocurrencies, stocks, indices, commodities, and options. AvaTrade was founded in 2006 and is regulated by multiple authorities across the world. AvaTrade provides various trading platforms, including MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGO, and AvaSocial. AvaTrade also offers educational resources, market analysis, and copy trading services.
Forex.com is a leading online broker that specializes in forex and CFD trading. Forex.com was established in 2001 and is part of the publicly traded StoneX Group. Forex.com is regulated by several reputable agencies in different jurisdictions. Forex.com offers its own proprietary Advanced Trading Platform, as well as MetaTrader 4 and web trading platforms. Forex.com also provides research tools, news feeds, performance analytics, and trading signals.
AvaTrade vs Forex.com Regulation Comparison
Both AvaTrade and Forex.com are highly regulated brokers that comply with strict rules and standards to ensure the safety and security of their clients’ funds and data. However, they have different regulatory licenses depending on the region they operate in. Here is a list of the main regulators for each broker:
- AvaTrade: Central Bank of Ireland (CBI), Australian Securities and Investments Commission (ASIC), Financial Services Agency of Japan (FSA), Financial Services Commission of British Virgin Islands (BVI FSC), Financial Sector Conduct Authority of South Africa (FSCA), Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA), Israel Securities Authority (ISA), Investment Industry Regulatory Organization of Canada (IIROC).
- Forex.com: Financial Conduct Authority of the United Kingdom (FCA), Commodity Futures Trading Commission of the United States (CFTC), National Futures Association of the United States (NFA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), Australian Securities and Investments Commission (ASIC), Financial Services Agency of Japan (FSA).
AvaTrade vs Forex.com Trading Assets Comparison
Both AvaTrade and Forex.com offer a wide range of trading instruments for their clients to choose from. However, they differ in the number and variety of assets they provide. Here is a comparison of the main asset classes for each broker:
- Forex: Forex.com offers 84 currency pairs, while AvaTrade offers 55 currency pairs.
- Commodities: Forex.com offers 18 commodities, while AvaTrade offers 24 commodities.
- Indices: Forex.com offers 18 index CFDs, while AvaTrade offers 26 index CFDs.
- Cryptocurrencies: Both brokers offer 14 cryptocurrency CFDs.
- Stocks: AvaTrade offers over 1000 stock CFDs, while Forex.com does not offer any stock CFDs.
- Options: AvaTrade offers over 40 forex options and gold options, while Forex.com does not offer any options.
AvaTrade vs Forex.com Trading Fees Comparison
Both AvaTrade and Forex.com charge competitive fees for their trading services. However, they have different fee structures depending on the account type, platform, and asset class. Here is a comparison of the main fees for each broker:
- Spreads: Both brokers offer variable spreads that depend on market conditions and liquidity. However, Forex.com generally has lower spreads than AvaTrade for most forex pairs and commodities. For example, the average spread for EUR/USD is 0.8 pips at Forex.com and 1.3 pips at AvaTrade.
- Commissions: Both brokers charge commissions for some account types and platforms. For example, Forex.com charges $5 per 100k traded on its DMA account and $60 per million traded on its MT4 account. AvaTrade charges $6 per lot on its MT4 floating spread account and $0.03 per share on its MT5 account.
- Swap Rates: Both brokers charge swap rates or overnight fees for holding positions overnight. The swap rates vary depending on the asset class, direction, and duration of the trade. For example, the swap rate for holding a long position on EUR/USD for one day is -0.0002% at Forex.com and -0.0003% at AvaTrade.
- Other Fees: Both brokers charge some other fees for certain services and activities. For example, Forex.com charges a $15 monthly inactivity fee after one year of no trading activity, and a 2.5% deposit fee for some payment methods. AvaTrade charges a $50 quarterly inactivity fee after three months of no trading activity, and a 1% withdrawal fee for some payment methods.
AvaTrade vs Forex.com Account Types Comparison
Both AvaTrade and Forex.com offer different account types for their clients to suit their trading needs and preferences. However, they have different requirements and features for each account type. Here is a comparison of the main account types for each broker:
- Standard Account: This is the most common account type for both brokers. It requires a minimum deposit of $100 at both brokers. It offers variable spreads, no commissions, and access to all trading platforms and instruments.
- Professional Account: This is an account type for experienced and high-volume traders who can meet certain criteria. It requires a minimum deposit of $25,000 at Forex.com and $10,000 at AvaTrade. It offers lower spreads, higher leverage, and access to premium services and features.
- Islamic Account: This is an account type for Muslim traders who follow the Sharia law. It requires a minimum deposit of $100 at both brokers. It offers swap-free trading, no commissions, and access to all trading platforms and instruments.
- Demo Account: This is an account type for beginners and practice traders who want to test the platforms and strategies without risking real money. It requires no deposit at both brokers. It offers virtual funds, real-time market prices, and access to all trading platforms and instruments.
AvaTrade vs Forex.com Deposit Options Comparison
Both AvaTrade and Forex.com offer various deposit and withdrawal options for their clients to fund and withdraw money from their trading accounts. However, they have different processing times, fees, and limits for each option. Here is a comparison of the main deposit and withdrawal options for each broker:
- Bank Transfer: This is a deposit and withdrawal option that involves transferring money from a bank account to a trading account or vice versa. It usually takes 2-5 business days to process at both brokers. It has no deposit fees at both brokers, but it has a withdrawal fee of $25 at Forex.com and $0-$40 at AvaTrade depending on the amount.
- Credit/Debit Card: This is a deposit and withdrawal option that involves using a credit or debit card to fund or withdraw money from a trading account. It usually takes 24 hours to process at both brokers. It has no deposit fees at both brokers, but it has a withdrawal fee of 2% at Forex.com and 0%-1% at AvaTrade depending on the card type.
- E-Wallets: These are deposit and withdrawal options that involve using online payment services such as PayPal, Skrill, Neteller, WebMoney, etc. to fund or withdraw money from a trading account. They usually take 24 hours to process at both brokers. They have no deposit fees at both brokers, but they have a withdrawal fee of 2% at Forex.com and 0%-1% at AvaTrade depending on the e-wallet service.
AvaTrade vs Forex.com Trading Platforms Comparison
- AvaTrade:
- MetaTrader 4 (MT4): This is the most popular trading platform in the industry that offers advanced charting tools, technical indicators, automated trading systems, market news, and more. It is available as a desktop application, a web browser version, and a mobile app for both brokers.
- MetaTrader 5 (MT5): This is the latest version of the MetaTrader platform that offers more instruments, more order types, more indicators, more timeframes, more analytical tools, and more features than MT4. It is available as a desktop application, a web browser version, and a mobile app only at AvaTrade.
- AvaOptions: This is a unique platform that allows you to trade forex and gold options with various strategies and risk management tools. It is available as a desktop application and a mobile app only at AvaTrade.
- AvaTradeGO: This is a user-friendly platform that allows you to trade on the go with an intuitive dashboard, advanced charts, live market updates, and social trading features. It is available as a mobile app only at AvaTrade.
- AvaSocial: This is a social trading platform that allows you to copy the trades of successful traders, chat with other traders, and learn from their strategies and tips. It is available as a mobile app only at AvaTrade.
- Forex.com:
- Advanced Trading Platform: This is the proprietary platform of Forex.com that offers superior charting tools, custom indicators, automated strategies, market analysis, performance analytics, trading signals, and more. It is available as a desktop application only at Forex.com.
- Web Trading Platform: This is the web-based version of the Advanced Trading Platform that offers similar features and functionalities but without the need to download or install anything. It is available as a web browser version only at Forex.com.
- MetaTrader 4 (MT4): This is the same platform as offered by AvaTrade, but with some differences in fees, instruments, and execution types. It is available as a desktop application, a web browser version, and a mobile app for both brokers.
AvaTrade vs Forex.com Analytical Tools Comparison
- AvaTrade:
- Technical Analysis: AvaTrade provides a comprehensive guide on technical analysis for beginners, covering topics such as trends, support and resistance levels, retracements, trend lines, moving averages, and more. AvaTrade also offers over 80 technical indicators and 50 drawing tools on its advanced charts powered by TradingView.
- WebTrader Tutorial: AvaTrade offers a video tutorial on how to use its WebTrader platform, which includes some useful trading analysis tools and features such as market trends, trading signals, market analysis, economic calendar, trading calculator, and more.
- Technical Analysis Indicators & Strategies: AvaTrade offers an educational section on technical analysis indicators and strategies, explaining the differences between leading and lagging indicators, and how to use them in various market conditions. AvaTrade also provides examples of some popular indicators and strategies such as Bollinger Bands, MACD, RSI, Fibonacci retracements, and more.
- Forex.com:
- Performance Analytics: Forex.com offers an exclusive technology powered by Chasing Returns that uses cutting-edge behavioral science to explore your trading performance and helps you refine your skills. Performance Analytics allows you to analyze your P&L, trades by market, win ratio, and more. It also helps you discover your trading edges based on strategy, timing, and psychology.
- Capitalise.ai: Forex.com offers an innovative tool that allows you to automate your trading strategies with ease and access backtesting, simulation, strategy tips and much more – no coding expertise necessary. Capitalise.ai uses artificial intelligence to execute your trading scenarios based on your own criteria and market conditions.
- SMART Signals: Forex.com offers a tool that provides ready-made trading recommendations powered by advanced machine learning technology. SMART Signals analyzes millions of data points across thousands of markets to generate trading signals based on price action, volatility, trends, and more.
- Market News and Analysis: Forex.com offers high-quality journalism and in-depth analysis from its expert analysts on the latest events and market impact. Forex.com also provides a research portal from Trading Central that gives you a summary of technical analysis, news sentiment, and trading opinions. Forex.com also offers a live streaming news feed from Reuters and an economic calendar with all the major economic events.
- Advanced Charts: Forex.com offers state-of-the-art charts powered by TradingView that come with over 80 indicators, 50 drawing tools, 14 timeframes, and a host of customization features. You can also set alerts for price levels, trade executions, order fillings, and more.
AvaTrade vs Forex.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading goals, and risk appetite. The best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
