AvaTrade vs FOREX.com - Compare Trading Brokers

AvaTrade vs FOREX.com | Online Brokerage Comparison

AvaTrade vs FOREX.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions, Apps250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$50MT4, Web Trader, Advanced Platform, Apps300+FCA, CIMA, ASIC, CFTC, IIROC, SFC, FSA

AvaTrade vs FOREX.com Comparison

These are both well established Forex brokers, which offer as well a relatively wide range of other markets to trade. Each of these brokers provide trading in CFDs. However in the UK AvaTrade also offers MT4 spread betting.

As might be expected, both provide MetaTrader 4 (MT4) and each allows the trader to use Expert Advisors (EAs). EAs let the trader run online trading robots which execute programmed strategies on behalf of the trader. The trader can use or modify EAs already built but can also build them themselves. MT4 can also be used by traders who execute their own trades, and as well as providing a set of technical indicators built into the platform, also lets the trader download more, modify and even build them. There is also an extensive online network for this platform.

FOREX.com offers more than MT4. It provides a user friendly web trader (called 'Web Trader'). This is designed for traders who execute their own trades. It additionally offers its downloaded Advanced Platform, which as the name might suggest is a platform with a range of tools built into it, including the capacity to automate part of the analysis process. Thus Forex traders (and traders of other markets) can use a wide range of approaches to tackle trading these complex markets, at either broker. AvaTrade also provides another platform, AvaOptions, which has FX Options trading.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

FOREX.com is regulated by the FCA in the United Kingdom, the CIMA in the Cayman Islands, the ASIC in Australia, the CFTC in the USA, the IIROC in Canada and the SFC in Japan.

Quick comparison

Both brokers offer MT4 and allow EAs. AvaTrade also offers FX Options trading on its AvaOptions platform, while FOREX.com has a range of other platforms.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for FOREX.com is $/€/£50.

  • AvaTrade offers CFD trading and in the UK, spread betting. AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • FOREX.com has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website. The minimum trade size is 0.01 lots.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Cryprocurrencies and Metals, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities, ETFs, Bonds and Options, with 200+ available. On AvaOptions, AvaTrade provides 40+ FX Options CFDs.
  • FOREX.com offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 300+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, Bitcoin Gold, EOS and Stellar.
  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Leverage

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for FOREX.com (FCA regulated) is .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. FOREX.com offers MT4, Web Trader and the Advanced Platform and apps.

Why AvaTrade or FOREX.com ?

Traders who wish to execute online trading robots, can run, modify and build EAs at either broker. Traders who execute their own trades can find tools at either broker, though FOREX.com has other platforms as well. This said, AvaTrade has a dedicated platform for trading FX Options.

Comparison summary

  • Both offer CFD trading
  • In the UK, AvaTrade provides MT4 spread betting
  • Each offers MT4
  • Both allow EAs
  • AvaTrade also provides FX Options on AvaOptions
  • FOREX.com additionally provides Web Trader and the Advanced Platform

Search this site

Translate