Compare Weltrade vs AvaTrade
What is Weltrade? What is AvaTrade?
Weltrade is an online broker that was established in 2006 and offers trading on various instruments, such as forex, CFDs, cryptocurrencies, metals, and energies. Weltrade is regulated by the IFSC in Belize and the FSCA in South Africa.
AvaTrade is an online broker that was founded in 2006 and provides trading on a wide range of assets, such as forex, CFDs, stocks, commodities, indices, ETFs, options, and cryptocurrencies. AvaTrade is regulated by nine authorities across six continents, including the SEC and CFTC in the US, the FCA in the UK, the ASIC in Australia, and the CySEC in Cyprus.
Weltrade vs AvaTrade Regulation Comparison
Both Weltrade and AvaTrade are regulated brokers that comply with strict rules and standards to ensure the safety and security of their clients’ funds and data. However, AvaTrade has a higher level of regulation than Weltrade, as it is licensed by more reputable and influential regulators in major financial markets. AvaTrade also offers investor compensation schemes and segregated bank accounts for some of its jurisdictions.
Weltrade is only regulated by the IFSC in Belize and the FSCA in South Africa, which are not considered as strong or reliable regulators by some traders. Weltrade does not offer any investor protection or segregation of funds for its clients.
Weltrade vs AvaTrade Trading Assets Comparison
Both Weltrade and AvaTrade offer a variety of trading assets for their clients to choose from, depending on their preferences and strategies. However, AvaTrade has a larger and more diverse selection of assets than Weltrade, as it covers more markets and categories.
Weltrade offers trading on over 100 instruments, including forex, CFDs on cryptocurrencies, metals, energies, indices, and commodities.
AvaTrade offers trading on over 1,250 instruments, including forex, CFDs on stocks, commodities, indices, ETFs, options, cryptocurrencies, bonds, and binary options. AvaTrade also offers physical stock trading for some regions.
Weltrade vs AvaTrade Trading Fees Comparison
Weltrade charges fixed spreads for its trading instruments, which means that the difference between the bid and ask prices remains constant regardless of market conditions. Weltrade does not charge any commissions or hidden fees for its trades.
AvaTrade also charges fixed spreads for most of its trading instruments, but it may vary the spreads depending on market volatility or liquidity. AvaTrade does not charge any commissions for its trades either, but it may charge some fees for certain services or platforms, such as overnight fees, inactivity fees, withdrawal fees, or platform fees.
Weltrade vs AvaTrade Account Types Comparison
Weltrade offers three types of accounts: Micro (minimum deposit $25), Premium (minimum deposit $200), and Pro (minimum deposit $500). All accounts have fixed spreads and leverage up to 1:500. Weltrade also offers an Islamic account for Muslim traders who follow Shariah law.
AvaTrade offers four types of accounts: Retail (minimum deposit $100), Professional (minimum deposit $1000), Islamic (minimum deposit $100), and MAM (minimum deposit $1000). All accounts have fixed spreads and leverage up to 1:400 for retail clients and up to 1:400 for professional clients. AvaTrade also offers a demo account for practice trading.
Weltrade vs AvaTrade Deposit Options Comparison
Weltrade accepts deposits and withdrawals via Skrill, wire transfer, credit/debit cards, Neteller, Perfect Money, FasaPay, crypto, Litecoin, Ethereum, Ripple, and Tether (USDT). Weltrade supports USD, EUR, RUB, THB, and cryptocurrencies as account currencies.
AvaTrade accepts deposits and withdrawals via wire transfer, check, and BPAY. AvaTrade supports USD, EUR, GBP, AUD, and CHF as account currencies.
Weltrade vs AvaTrade Trading Platforms Comparison
Weltrade offers two trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are popular and widely used by traders around the world, as they offer advanced trading tools, indicators, charts, and automated trading capabilities. Weltrade also offers a web-based version of both platforms for easy access.
AvaTrade offers six trading platforms: MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGO, AvaOptions, and AvaSocial. All platforms are compatible with desktop and mobile devices, except for AvaOptions which is only available for mobile. Each platform has its own advantages and features, such as copy trading, risk management, options trading, social trading, and more.
Weltrade vs AvaTrade Analytical Tools Comparison
Weltrade offers some analytical tools for its clients, such as economic calendar, market news, trading signals, market analysis, and technical indicators. Weltrade also offers free education materials for beginners and advanced traders.
AvaTrade offers more analytical tools for its clients, such as economic calendar, market news, trading signals, market analysis, technical indicators, trading calculators, trading podcasts, webinars, eBooks, videos, articles, and blogs. AvaTrade also offers free education materials for beginners and advanced traders.
Weltrade vs AvaTrade. Which forex broker is better? Which forex broker should you choose?
Weltrade and AvaTrade are both online brokers that offer forex trading, among other instruments. However, they have different features and services that may suit different types of traders. Therefore, the choice of which broker is better depends on your personal preferences and needs.
Weltrade and AvaTrade have their own strengths and weaknesses, and the best broker for you depends on your trading goals and preferences. You may want to try out their demo accounts or compare their live accounts to see which one suits you better.
