AvaTrade vs FXTM - Compare Trading Brokers

AvaTrade vs FXTM | Online Brokerage Comparison

AvaTrade vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$5MT4, MT5250+FCA, CySEC, FSCA, FSC

AvaTrade vs FXTM Comparison

Both brokers offer MetaTrader 4 (MT4). FXTM additionally provides the successor to MT4, MetaTrader 5 (MT5). MT5 has as number of upgrades compared with MT4. AvaTrade offers trading in FX Options on a separate platform (AvaOptions).

Both brokers allow the trader to run automated trading strategies with Expert Advisors (MT4 and MT5 online trading robots). AvaTrade has a wider range of market to trade than FXTM, though they have a similar number overall. Both offer Stocks CFDs to trade.

FXTM provides a Cent account. A Cent account lets the trader trade with smaller trade sizes than micro lots. FXTM's Cent account has a low minimum deposit (a Cent account may make it possible to trade with a smaller account size, depending on a number of factors).

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.

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

Quick comparison

These are each MT4 brokers, while FXTM also offers MT5 and AvaTrade provides a platform for trading FX Options. FXTM has a lower minimum deposit on its Cent account.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for FXTM is $5.

  • AvaTrade offers 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.
  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Metals and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies, ETFs, Bonds, Soft Commodities and Options, with 200+ available.
  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can offer Forex, Indices, Energy and Precious Metals.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Indices, Energy and Precious Metals. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Stocks CFDs. The total is 250+ across all accounts.

Cryptocurrency CFDs

  • AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, EOS, DASH and Bitcoin Gold CFDs.

Spreads and leverage

  • FXTM can offer low Forex spreads plus a commission charge. AvaTrade offers Forex spreads from 0.9 without a commission charge, while FXTM offers Forex spreads from 1.3 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for FXTM (FCA or CySEC regulated) is .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. FXTM provides MT4, MT5 and apps.

Why AvaTrade or FXTM ?

Traders who execute their own trades can use either broker. MT4 (at AvaTrade and FXTM) and MT5 (at either) allow the trader to trade at their own discretion. However both platforms also let the trader use online trading robots (as well as customise robots or even build them). These are computer programs which execute trades on behalf of the trader. FXTM has a Cent account. This is a type of MT4 or MT5 account which is denominated in cents. This lets the trader trade in trade sizes which are smaller than micro lots on a standard account. Trader may wish to test out ideas or EAs on this account for example (or use a demo account), and use this account if they wish to trade with a smaller account size. In the UK, AvaTrade lets traders spread bet on MT4.

Comparison summary

  • Both offer CFD trading
  • In the UK, AvaTrade provides MT4 spread betting
  • Both offer MT4
  • FXTM additionally provides MT5
  • AvaTrade has a separate platform, for trading FX Options
  • AvaTrade offers a wider range of markets
  • FXTM has a lower minimum deposit on its Cent account than AvaTrade ($5 vs $100)
  • On FXTM's Standard account it has the same minimum deposit as AvaTrade

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