Compare AvaTrade vs FXTM
What is AvaTrade? What is FXTM?
AvaTrade is an online broker that was founded in 2006 and is regulated by multiple authorities around the world. It offers trading in forex, CFDs, cryptocurrencies, stocks, commodities, indices, bonds, ETFs, and options. It also provides various trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader, AvaOptions, and AvaTradeGO.
FXTM is an online broker that was founded in 2011 and is also regulated by multiple authorities around the world. It offers trading in forex, CFDs, cryptocurrencies, stocks, commodities, and indices. It also provides various trading platforms, such as MetaTrader 4 and MetaTrader 5.
AvaTrade vs FXTM Regulation Comparison
Both AvaTrade and FXTM are regulated by reputable authorities in different jurisdictions. However, the level of investor protection may vary depending on where the clients are based. Here is a list of the regulators for each broker:
AvaTrade: Financial Futures Association of Japan (FFAJ), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA) of South Africa, Israel Securities Authority (ISA), Financial Services Commission (FSC) of British Virgin Islands, Financial Services Agency (FSA) of Japan, Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), Central Bank of Ireland (CBI), and Financial Services Commission (FSC) of Mauritius.
FXTM: Financial Conduct Authority (FCA) of the UK, Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA) of South Africa, Capital Markets Authority (CMA) of Kenya
AvaTrade vs FXTM Trading Assets Comparison
Both AvaTrade and FXTM offer a wide range of trading instruments for their clients to choose from. However, there are some differences in the number and type of assets available at each broker. Here is a comparison of the trading assets offered by each broker:
- AvaTrade: 55 forex pairs, 250+ CFDs on stocks, commodities, indices, bonds, crypto, ETFs, and options.
- FXTM: 60+ forex pairs, 180+ CFDs on stocks, commodities, indices, and crypto.
AvaTrade vs FXTM Trading Fees Comparison
The trading fees at AvaTrade and FXTM depend on the type of account and the instrument traded. Both brokers offer commission-free trading for most instruments, except for some CFDs and options at AvaTrade. The main cost of trading is the spread, which is the difference between the bid and ask prices. Here is a comparison of the average spreads for some popular instruments at each broker:
- AvaTrade: 0.6 pips for EUR/USD, 0.9 pips for GBP/USD, 1 pip for USD/JPY, $0.03 for gold per ounce, $0.03 for crude oil per barrel.
- FXTM: 1.2 pips for EUR/USD, 1.5 pips for GBP/USD, 1.3 pips for USD/JPY, $0.21 for gold per ounce, $0.05 for crude oil per barrel.
In addition to the trading fees, both brokers also charge non-trading fees, such as inactivity fees and withdrawal fees. Here is a comparison of the non-trading fees at each broker:
- AvaTrade: $50 per quarter after three months of inactivity; no deposit or withdrawal fees.
- FXTM: $5 per month after six months of inactivity; variable deposit and withdrawal fees depending on the payment method
AvaTrade vs FXTM Account Types Comparison
Both AvaTrade and FXTM offer different types of accounts for their clients to suit their preferences and needs. Here is a comparison of the main features of the account types offered by each broker:
- AvaTrade: Standard account with a minimum deposit of $100; Islamic account with no swap charges; Professional account with higher leverage; Demo account with virtual funds.
- FXTM: Standard account with a minimum deposit of $50; Cent account with micro lots; ECN account with lower spreads and commissions; ECN Zero account with no commissions; Pro account with institutional-grade conditions; Stocks account with direct access to US stocks; Islamic account with no swap charges; Demo account with virtual funds
AvaTrade vs FXTM Deposit Options Comparison
Both AvaTrade and FXTM offer various deposit and withdrawal options for their clients to fund and withdraw money from their accounts. However, the availability and cost of each option may vary depending on the country and currency of the client. Here is a comparison of the deposit and withdrawal options offered by each broker:
- AvaTrade: Bank transfer, credit/debit cards, e-wallets (Skrill, Neteller, PayPal, WebMoney, UnionPay), and cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin).
- FXTM: Bank transfer, credit/debit cards, e-wallets (WebMoney, Skrill, Neteller, YooMoney, QIWI, Perfect Money, DIXIPAY, FasaPay), cryptocurrencies (Bitcoin), and local payment methods (Google Pay).
AvaTrade vs FXTM Trading Platforms Comparison
Both AvaTrade and FXTM offer the popular MetaTrader 4 and MetaTrader 5 platforms for their clients to trade on. These platforms are user-friendly, customizable, and equipped with advanced charting and analytical tools. They also support automated trading via Expert Advisors (EAs) and allow traders to access the MetaTrader Market for additional indicators and EAs. Both brokers also offer mobile versions of the MetaTrader platforms for iOS and Android devices. In addition to the MetaTrader platforms, each broker also offers some unique platforms for their clients:
- AvaTrade: WebTrader, a web-based platform that does not require any download or installation; AvaOptions, a platform for trading forex and options with risk management tools; AvaTradeGO, a mobile app that integrates with the WebTrader and provides social trading features.
- FXTM: FXTM Trader, a mobile app that allows traders to access the markets anytime and anywhere; MyFXTM, a client portal that provides account management and trading tools.
AvaTrade vs FXTM Analytical Tools Comparison
Both AvaTrade and FXTM provide various analytical tools for their clients to enhance their trading performance and decision making. These tools include market news, economic calendars, trading signals, technical analysis, webinars, videos, articles, and more. However, there are some differences in the quality and quantity of the tools offered by each broker. Here is a comparison of the analytical tools offered by each broker:
- AvaTrade: Sharp Trader Academy, a comprehensive educational platform that covers various topics from beginner to advanced levels; Autochartist, a tool that scans the markets for trading opportunities based on technical patterns; DupliTrade and ZuluTrade, social trading platforms that allow traders to copy the trades of other successful traders; AvaProtect, a risk management tool that protects traders from losses for a specified period.
- FXTM: FXTM Invest, a social trading platform that allows traders to follow and copy the strategies of experienced traders; FXTM Pivot Points Strategy, a tool that calculates pivot points based on four methods; Trading Signals by FXTM Trading Central (TC), a tool that provides technical analysis and market commentary; Market Outlook by FXTM Trading Central (TC), a tool that provides daily market updates and forecasts.
AvaTrade vs FXTM. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading style, and goals. There is no definitive answer to which broker is better, as each one has its own strengths and weaknesses. However, you can consider some of the following factors to help you make your choice:
- Regulation: Both AvaTrade and FXTM are regulated by multiple authorities around the world, which means they have to comply with high standards of security, transparency, and customer protection. However, the level of investor protection may vary depending on where you are based and which regulator oversees your account. You may want to check the specific details of each regulator and their compensation schemes before opening an account with either broker.
- Trading Assets: Both AvaTrade and FXTM offer a wide range of trading instruments for you to choose from, including forex, CFDs, cryptocurrencies, stocks, commodities, and indices. However, AvaTrade has more CFDs on offer, such as bonds, ETFs, and options, while FXTM has more forex pairs and direct access to US stocks. You may want to consider which instruments you are most interested in trading and how diversified you want your portfolio to be.
- Trading Fees: Both AvaTrade and FXTM offer commission-free trading for most instruments, except for some CFDs and options at AvaTrade. The main cost of trading is the spread, which is the difference between the bid and ask prices. The spreads at AvaTrade are generally lower than those at FXTM, especially for forex pairs and commodities. However, FXTM also offers ECN accounts that have lower spreads and commissions for more experienced traders. You may want to compare the trading fees for the instruments you trade most frequently and see which broker offers better value for money.
- Account Types: Both AvaTrade and FXTM offer different types of accounts for their clients to suit their preferences and needs. However, FXTM has more account options than AvaTrade, such as the Cent account with micro lots, the Pro account with institutional-grade conditions, and the Stocks account with direct access to US stocks. You may want to consider which account type best matches your trading style, experience level, risk appetite, and capital size.
- Deposit and Withdrawal Options: Both AvaTrade and FXTM offer various deposit and withdrawal options for their clients to fund and withdraw money from their accounts. However, the availability and cost of each option may vary depending on your country and currency. AvaTrade does not charge any deposit or withdrawal fees, while FXTM charges variable fees depending on the payment method. You may want to check the deposit and withdrawal options available in your region and see which broker offers more convenience and affordability.
- Trading Platforms: Both AvaTrade and FXTM offer the popular MetaTrader 4 and MetaTrader 5 platforms for their clients to trade on. These platforms are user-friendly, customizable, and equipped with advanced charting and analytical tools. They also support automated trading via Expert Advisors (EAs) and allow traders to access the MetaTrader Market for additional indicators and EAs. Both brokers also offer mobile versions of the MetaTrader platforms for iOS and Android devices. In addition to the MetaTrader platforms, each broker also offers some unique platforms for their clients: AvaTrade has WebTrader, AvaOptions, and AvaTradeGO; FXTM has FXTM Trader and MyFXTM.
- Analytical Tools: Both AvaTrade and FXTM provide various analytical tools for their clients to enhance their trading performance and decision making. These tools include market news, economic calendars, trading signals, technical analysis, webinars, videos, articles, and more. However, there are some differences in the quality and quantity of the tools offered by each broker: AvaTrade has Sharp Trader Academy, Autochartist, DupliTrade, ZuluTrade, and AvaProtect; FXTM has FXTM Invest, FXTM Pivot Points Strategy, Trading Signals by FXTM Trading Central (TC), Market Outlook by FXTM Trading Central (TC).
