AvaTrade vs FXOpen - Online Brokerage Comparison

AvaTrade vs FXOpen | Trading Brokers Comparison

AvaTrade vs FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions, Apps250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$300MT465+FCA, ASIC, FSRC

AvaTrade vs FXOpen Comparison

Both of these are MetaTrader 4 (MT4) brokers. Each allows the use of MT4's automated trading feature, Expert Advisors (EAs). FXOpen is an ECN broker.

On MT4, AvaTrade can provide more markets to trade and a wider range of markets, though FXOpen has a competitive number and range for an ECN broker.

As well as MT4, AvaTrade offers AvaOptions, which is a trading platform dedicated to FX Options CFD 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.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis.

Quick comparison

Both are MT4 brokers and allow the use of EAs, though FXOpen is an MT4 ECN broker.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for FXOpen is $300.

  • 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. EAs and scalping are allowed at AvaTrade.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Cryptocurrencies and Metals, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Cryptocurrencies, Metals, Soft Commodities, Options, Stocks, ETFs and Bonds, with 200+ available.
  • On the MT4 ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the MT4 STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the MT4 Crypto account, FXOpen offers Forex, Cryptocurrencies and Precious Metals, for a total of 55+.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Bitcoin Gold and Stellar.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Monero, NEO, IOTA, Ethereum Classic, Namecoin, Peercoin, Emercoin and OMNI.

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 .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. FXOpen provides MT4 and apps.

Why AvaTrade or FXOpen ?

Traders wishing to use EAs (MT4 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).

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, AvaTrade also provides MT4 spread betting
  • Both brokers offer MT4
  • AvaTrade additionally provides AvaOptions, which has FX Options trading
  • AvaTrade has a wider range of markets than FXOpen
  • FXOpen has a competitive range for an ECN broker

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