| 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 and the AvaTradeGO mobile app About |
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen provides automated trading on MT4, MT5 and TickTrader and offers a Cent account with a $1 minimum deposit About |
AvaTrade vs FXOpen Comparison
Both of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5) brokers. Each allows the use of MT4 and MT5's automated trading feature, Expert Advisors (EAs). Both also provide user friendly web traders.
On MetaTrader, AvaTrade can provide more markets to trade and a wider range of markets, though FXOpen has a competitive number and range.
As well as MT4, MT5 and its web trader, AvaTrade offers AvaOptions, which is a trading platform dedicated to FX Options CFD trading.
Quick comparison
Both are MT4 and MT5 brokers and allow the use of EAs. Each also offers user friendly web traders. FXOpen has a lower minimum deposit.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for FXOpen is $1.
- 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.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Markets
- AvaTrade offers CFD trading in Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, Soft Commodities, Options, ETFs and Bonds, with 1000+ available.
- FXOpen offers Forex, Metals, Indices, Energy, Cryptocurrencies and Stocks, with 600+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| AvaTrade Broker | MT4, MT5, Web Trader, AvaOptions Trading Platforms | AvaTrade provides trading on MT4 and MT5 (allowing automated trading) and provides Vanilla Options CFD trading and a user friendly Web Trader Description |
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen has a Cent account with a $1 minimum deposit and offers automated trading on MT4, MT5 and TickTrader Description |
Cryptocurrency CFDs
- AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, NEO, IOTA, Dash, Chainlink, Uniswap, Bitcoin Gold and Stellar.
- FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, NEO, IOTA, Dashcoin, Ethereum Classic, Emercoin and Monero CFDs.
Spreads and leverage
- FXOpen can offer low Forex spreads plus a commission charge. AvaTrade can offer variable Forex spreads from 0.9 without a commission charge.
Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for FXOpen (FCA regulated) is .
Online trading platforms
AvaTrade offers MT4, MT5, a web trader and AvaOptions as well as apps. FXOpen provides MT4 and apps.
Why AvaTrade or FXOpen ?
Traders who want to trade on MetaTrader 4 (MT4) or MetaTrader 5 (MT5) can do so at either broker. Traders wishing to use EAs (MetaTrader online trading robots) can use either broker. FXOpen is an ECN broker, though AvaTrade allows a wide range of trading styles including scalping. AvaTrade has a wider range of markets to trade than FXOpen (though the range and number of markets offered by FXOpen is competitive for an ECN broker) and both offer a user friendly web trader. Traders who want to trade with small trade sizes can find a Cent account at FXOpen.
Comparison summary
- Both brokers offer CFD trading
- Both brokers offer MT4, MT5 and user friendly web traders
- AvaTrade additionally offers AvaOptions, which has FX Options trading
- AvaTrade has a wider range of markets than FXOpen
- FXOpen offers a competitive range of markets for an ECN broker
