Broker to Trading

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

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. Both offer Stocks CFDs to trade.

FXTM provides a Cent account (called its Micro 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 and MT5 brokers, while AvaTrade also provides a platform for trading FX Options and a web trader. 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 $50.

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.
FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $50. The minimum deposit for the Advantage and Advantage Plus account is £500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets

AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy and Metals, with 35+ available.
AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, ETFs, Bonds, Soft Commodities and Options, with 1000+ available.
• FXTM offers CFD trading in Forex, Indices, Energy, Metals and Stocks, with 1000+ available.

Cryptocurrency CFDs

• AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, EOS, NEO, Iota, Dash, Bitcoin Gold, Chainlink and Uniswap 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 .

Online trading platforms

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

Why AvaTrade or FXTM ?

Traders who want to trade on MT4 or MT5 can do so at either. Traders who want to trade on a user friendly Web Trader can do so at AvaTrade. Traders who want to trade Vanilla Options can do this on AvaOptions at AvaTrade. Traders who want to trade on a Cent account with low minimum trade sizes can do this at FXTM, on its Micro account.

Comparison summary

• Both offer CFD trading
• In the UK, AvaTrade provides MT4 spread betting
• Both offer MT4 and MT5
• AvaTrade additionally provides a user friendly web trader
• AvaTrade provides a separate platform for trading FX Options
• AvaTrade has a wider range of markets
• FXTM offers a Cent account with a low minimum deposit ($50)