Compare HF Markets vs AvaTrade
What is HF Markets? What is AvaTrade ?
HF Markets is a global forex and CFD broker that offers various trading instruments, platforms and account types.
AvaTrade is a multi-regulated online broker that provides access to over 1,200 financial instruments across different markets, including forex, stocks, commodities, indices, cryptocurrencies and options.
HF Markets vs AvaTrade Regulation Comparison
HF Markets is regulated by the FCA (UK), FSCA (South Africa), FSA (Seychelles), FSA (St. Vincent and the Grenadines) and DFSA (UAE).
AvaTrade is regulated by the FSCA (South Africa), ASIC (Australia), IIROC (Canada), FSC (British Virgin Islands), ISA (Israel), CBI (Ireland), CySEC (Cyprus) and DFSA (UAE). Both brokers are considered trustworthy and reputable, but AvaTrade has more tier-1 licenses than HF Markets.
HF Markets vs AvaTrade Trading Assets Comparison
HF Markets offers over 3,500 trading instruments, including 47 forex pairs, 56 shares, 21 indices, 5 commodities, 7 cryptocurrencies and 3 bonds.
AvaTrade offers over 1,200 trading instruments, including 55 forex pairs, 500+ shares, 28 indices, 17 commodities, 14 cryptocurrencies and 59 ETFs. Both brokers also offer options trading via their proprietary platforms. HF Markets has a wider range of trading assets than AvaTrade.
HF Markets vs AvaTrade Trading Fees Comparison
HF Markets charges variable spreads on its forex and CFD trading, starting from 0.1 pips for the EUR/USD pair on its Zero Spread account. It also charges commissions of $3 per lot per side on this account type. AvaTrade charges fixed spreads on its forex and CFD trading, starting from 0.6 pips for the EUR/USD pair on its Standard account. It does not charge commissions on this account type. Both brokers also charge inactivity fees after a certain period of no trading activity. HF Markets has lower spreads than AvaTrade, but AvaTrade has no commissions on its Standard account.
HF Markets vs AvaTrade Account Types Comparison
HF Markets offers six account types: Micro, Premium, Zero Spread, Auto, PAMM and HFCopy. The minimum deposit ranges from $5 to $500 depending on the account type. The maximum leverage is 1:1000 for all accounts except for Zero Spread, which has a leverage of 1:500.
AvaTrade offers four account types: Standard, Professional, Islamic and Options. The minimum deposit is $100 for all accounts except for Options, which requires $1,000. The maximum leverage is 1:400 for all accounts. Both brokers also offer demo accounts and Islamic accounts for Muslim traders. HF Markets has more account types and lower minimum deposits than AvaTrade, but AvaTrade has higher leverage than HF Markets.
HF Markets vs AvaTrade Deposit Options Comparison
HF Markets supports various payment methods for depositing and withdrawing funds, including credit/debit cards, wire transfer, Neteller, Skrill, WebMoney, Perfect Money, FasaPay and cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple.
AvaTrade also supports various payment methods for depositing and withdrawing funds, including credit/debit cards, wire transfer, Neteller, Skrill, WebMoney and UnionPay. Both brokers do not charge fees for deposits or withdrawals, but third-party fees may apply depending on the payment method. HF Markets has more payment options than AvaTrade.
HF Markets vs AvaTrade Trading Platforms Comparison
HF Markets offers four trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), Autochartist and HF App. MT4 and MT5 are popular and user-friendly platforms that support automated trading, advanced charting tools and custom indicators. Autochartist is a market analysis tool that scans the markets for trading opportunities based on technical patterns and indicators. HF App is a mobile application that allows traders to access their accounts, trade on the go and receive market news and analysis.
AvaTrade also offers four trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaOptions and AvaTradeGO. MT4 and MT5 are similar to those offered by HF Markets. AvaOptions is a platform that allows traders to trade vanilla options on forex pairs, commodities and indices. AvaTradeGO is a mobile application that allows traders to access their accounts, trade on the go and receive market news and analysis. Both brokers offer MT4 and MT5 as their main trading platforms, but HF Markets has Autochartist as an additional analytical tool, while AvaTrade has AvaOptions as an additional trading platform.
HF Markets vs AvaTrade Analytical Tools Comparison
HF Markets and AvaTrade both provides various analytical tools for its traders, such as economic calendar, market news, market analysis, trading calculators, webinars, videos and ebooks,..
HF Markets vs AvaTrade . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. Both HF Markets and AvaTrade have their own strengths and weaknesses. You may want to consider the following factors when choosing a forex broker:
- Regulation and reputation: You should choose a broker that is regulated by reputable authorities and has a good track record of serving clients. Both HF Markets and AvaTrade are well-regulated and reputable brokers, but AvaTrade has more tier-1 licenses than HF Markets.
- Trading assets and instruments: You should choose a broker that offers a wide range of trading assets and instruments that suit your trading strategy and interests. Both HF Markets and AvaTrade offer a variety of trading assets and instruments, but HF Markets has more trading instruments than AvaTrade.
- Trading fees and costs: You should choose a broker that offers competitive and transparent trading fees and costs that fit your budget and trading frequency. Both HF Markets and AvaTrade have different fee structures, but HF Markets has lower spreads than AvaTrade, while AvaTrade has no commissions on its Standard account.
- Account types and features: You should choose a broker that offers account types and features that match your trading level, experience and needs. Both HF Markets and AvaTrade offer different account types and features, but HF Markets has more account types and lower minimum deposits than AvaTrade, while AvaTrade has higher leverage than HF Markets.
- Deposit and withdrawal options: You should choose a broker that supports convenient and secure deposit and withdrawal options that are available in your country or region. Both HF Markets and AvaTrade support various deposit and withdrawal options, but HF Markets has more payment options than AvaTrade.
- Trading platforms and tools: You should choose a broker that offers user-friendly and reliable trading platforms and tools that enhance your trading performance and experience. Both HF Markets and AvaTrade offer MT4 and MT5 as their main trading platforms, but HF Markets has Autochartist as an additional analytical tool, while AvaTrade has AvaOptions as an additional trading platform.
In the end, the best way to decide which forex broker is better or which one you should choose is to experiment yourself. You can open a demo account with both brokers and test their services, features and platforms before opening a real account. You can also read online reviews from other traders who have used both brokers and learn from their experiences.
