| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader, AvaOptions Trading Platforms | 1000+ Markets To Trade | AvaTrade provides trading on MT4 and MT5, allowing automated trading, and offers a user friendly Web Trader About |
| FXCC | $100 Minimum Deposit | MT4 Trading Platform | 90+ Markets To Trade | FXCC provides its ECN XL accont which can offers low spreads without a commission charge About |
AvaTrade vs FXCC Comparison
These are both MetaTrader 4 (MT4) brokers. AvaTrade additionally provides MetaTrader 5 (MT5), the successor to MT4. Each allows the use of Expert Advisors (EAs), MT4's online trading robots. AvaTrade additionally provides a user friendly web trader.
FXCC is an ECN broker and charges commissions. As an ECN broker, FXCC can offer low Forex spreads (plus a commission charge). However on its ECN XL account, FXCC can provide ECN spreads without a commission charge. AvaTrade does not charge commissions and has a considerably wider range of markets to trade and a greater number.
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.
FXCC is regulated by the CySEC in Cyprus.
Quick comparison
Both brokers offer MT4 and allow EAs. FXCC is an MT4 ECN broker, while AvaTrade has a wider range of markets to trade and offers MT5 and a web trader.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for FXCC is $100.
- AvaTrade provides an Economic Calendar on its web site and Trading Central (which provides analysis). Additionally AvaTrade offers AvaSocial which supports social and copy trading. AvaTrade allows the use of EA trading robots.
- FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000. In some regions the ECN XL account is the only account offered, and has no minimum deposit.
- All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). In some regions, 90+ markets are offered on the ECN XL account, with no minimum deposit for this account. All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
Markets
- AvaTrade offers CFD trading in Forex, Metals, Indices, Energy, Cryptocurrencies, Bonds, Stocks, Soft Commodities, ETFs and Options, with 1000+ available. On AvaOptions, AvaTrade provides 40+ FX Options CFDs.
- FXCC provides Forex, Metals, Indices, Energy and Cryptocurrencies, with 90+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| AvaTrade Broker | MT4, MT5, Web Trader, AvaOptions Trading Platforms | AvaTrade offers its AvaTradeGO mobile app, MT4, MT5, a user friendly Web Trader and a platform for Vanilla Options CFD trading (AvaOptions) Description |
| FXCC Broker | MT4 Trading Platforms | FXCC is an MT4 broker which can offer its ECN XL account, with low spreads without a commission charge Description |
Spreads and leverage
- AvaTrade and FXCC can offer low Forex spreads without a commission charge. AvaTrade can offer Forex spreads from 0.9 without a commission charge while FXCC can offer low Forex spreads without a commission charge.
Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for FXCC (CySEC regulated) is .
Commission charge
- AvaTrade does not charge commissions.
- FXCC's ECN XL account does not charge commissions.
- FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
- FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
Online trading platforms
AvaTrade offers MT4, MT5, a web trader and AvaOptions as well as apps. FXCC provides MT4 and apps.
Why AvaTrade or FXCC ?
Traders who wish to trade using MT4's Expert Advisors has do so at either broker. Traders who want to trade with MT5, the successor to MT4 can find this platform at AvaTrade. FXCC is an ECN broker and offers an account with ECN spreads without a commission charge. Traders who want to execute their own trades may do so at either broker. AvaTrade has a considerably wider range of markets to trade and with the AvaSocial platform supports social and copy trading and offers a user friendly web trader. Traders who want to trade FX Options can do so at AvaTrade on the AvaOptions platform.
Comparison summary
- Both provide CFD trading
- In the UK, AvaTrade additionally provides MT4 spread betting
- Each offers MT4
- FXCC is an ECN MT4 broker
- AvaTrade additionally provides MT5
- FXCC offers an account with ECN caliber spreads, without a commission charge
- AvaTrade has a wider range of markets to trade and a greater number
- Both brokers support trading with robots
- AvaTrade offers social and copy trading and a web trader
