Compare NordFX vs AvaTrade
What is NordFX? What is AvaTrade?
NordFX is a forex broker that offers trading services for various financial instruments, such as forex, CFDs, indices, commodities, cryptos and stocks. NordFX was established in 2008 and is regulated by the Vanuatu Financial Services Commission (VFSC). NordFX has offices in Cyprus, India and Russia.
AvaTrade is a forex and CFD broker that offers trading services for over 1250 financial instruments, such as forex, CFDs, indices, commodities, cryptos, stocks, options and ETFs. AvaTrade was established in 2006 and is regulated by multiple authorities, such as the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA), the Financial Sector Conduct Authority of South Africa (FSCA) and others. AvaTrade has offices in Ireland, Australia, Japan, Abu Dhabi and South Africa.
NordFX vs AvaTrade Regulation Comparison
| Regulator | NordFX | AvaTrade |
|---|---|---|
| VFSC (Vanuatu) | Yes | No |
| ASIC (Australia) | No | Yes |
| FSA (Japan) | No | Yes |
| FSCA (South Africa) | No | Yes |
| ISA (Israel) | No | Yes |
| FSC (British Virgin Islands) | No | Yes |
| Central Bank of Ireland (Ireland) | No | Yes |
NordFX vs AvaTrade Trading Assets Comparison
| Asset Class | NordFX | AvaTrade |
|---|---|---|
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Indices | Yes | Yes |
| Commodities | Yes | Yes |
| Cryptos | Yes | Yes |
| Stocks | Yes | Yes |
| Options | No | Yes |
| ETFs | No | Yes |
NordFX vs AvaTrade Trading Fees Comparison
NordFX offers variable spreads that start from 0.0 pips on some accounts, while AvaTrade offers fixed spreads that start from 0.9 pips on some instruments. Neither broker charges commissions on most accounts. Both brokers charge swap fees for holding positions overnight and inactivity fees for dormant accounts.
NordFX vs AvaTrade Account Types Comparison
NordFX offers four types of accounts: Fix, Pro, Zero and Stock. The minimum deposit for each account is $10, $250, $500 and $500 respectively. The maximum leverage for each account is 1:1000, 1:1000, 1:1000 and 1:5 respectively.
AvaTrade offers two types of accounts: Standard and Professional. The minimum deposit for both accounts is $100. The maximum leverage for the Standard account is 1:400 and for the Professional account is 1:400 or higher depending on the instrument.
NordFX vs AvaTrade Deposit Options Comparison
NordFX accepts deposits and withdrawals via credit/debit cards, Neteller, Skrill, Perfect Money, WebMoney, Dragonpay and wire transfer.
AvaTrade accepts deposits and withdrawals via credit/debit cards, Neteller, Skrill, WebMoney, UnionPay and wire transfer.
NordFX vs AvaTrade Trading Platforms Comparison
NordFX supports MetaTrader 4 (MT4) as its main trading platform. MT4 is a popular and user-friendly platform that offers various features such as charting tools, indicators, expert advisors (EAs), automated trading and mobile trading.
AvaTrade supports multiple trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Trader, Mobile App, Vanilla Options and Social Trading. MT4 and MT5 are similar to NordFX’s MT4 platform but with some additional features such as more instruments and order types. Web Trader is a web-based platform that does not require any download or installation. Mobile App is a mobile version of Web Trader that allows trading on the go. Vanilla Options is a platform that allows trading options on forex pairs. Social Trading is a platform that allows copying the trades of other successful traders.
NordFX vs AvaTrade Analytical Tools Comparison
NordFX does not offer any analytical tools apart from the ones available on MT4.
AvaTrade offers various analytical tools such as Trading Central, Autochartist and Sharp Trader. Trading Central is a third-party service that provides market analysis, signals and strategies. Autochartist is a tool that scans the market for trading opportunities based on technical patterns and indicators. Sharp Trader is an educational platform that offers courses, videos, articles and daily analysis.
NordFX vs AvaTrade . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, goals, preferences, risk appetite and experience. What may be better for one trader may not be better for another. You should compare the features, benefits, and limitations of each broker and decide which broker best suits your needs.
You can use the information I provided in my previous response as a starting point, but you should also do your own research and due diligence before making a final decision.
