AvaTrade vs FXTM - Compare Trading Brokers

AvaTrade vs FXTM | Online Brokerage Comparison

AvaTrade vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$10MT4, MT5250+FCA, CySEC, FSCA, FSC

AvaTrade vs FXTM Comparison

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).

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 and MT5 brokers, while AvaTrade also 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 offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available 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 200+ available.
  • FXTM offers CFD trading in Forex, Indices, Energy, Metals and Stocks, with 250+ available.

Cryptocurrency CFDs

  • AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, EOS, NEO, IOTA, 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 .

Online trading platforms

AvaTrade offers MT4, MT5 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 (EAs). 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 and 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's minimum deposit ($10 vs $100)
  • On FXTM's Standard account it has the same minimum deposit as AvaTrade

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