AvaTrade vs USGFX - Online Brokerage Comparison

AvaTrade vs USGFX | Compare Trading Brokers

AvaTrade vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$100MT4, MT560+ASIC

AvaTrade vs USGFX Comparison

Both of these brokers offer MetaTrader 4 (MT4), while USGFX additionally provides the successor to MT4, MetaTrader 5 (MT5). MT4 and MT5 are online trading platforms which allow the trader to execute their own trades and let the trader use online trading robots to execute trades on their behalf.

The automated trading strategies on both MT4 and MT5 are called Expert Advisors (EAs). The trader can use EAs, modify and build them. Traders who execute their own trades can find additional tools at both brokers to support this endeavour.

AvaTrade has a wider range of markets and a greater number, but USGFX is an STP/ECN broker. Both brokers offer negative balance protection.

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.

USGFX is regulated by the ASIC in Australia.

Quick comparison

Both brokers provide MT4 and allows EAs. USGFX additionally offers MT5, while AvaTrade provides AvaOptions (for FX Options trading).

Minimum deposit and key account features

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

  • AvaTrade offers CFD trading and in the UK, spread betting. 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Cryprocurrencies and Metals, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Cryptocurrencies, Metals, Bonds, Stocks, Soft Commodities, ETFs and Options, with 200+ available. On AvaOptions, AvaTrade provides 40+ FX Options CFDs.
  • USGFX offers Forex, Indices, Energy, Crypotocurrencies and Metals, with 60+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, Bitcoin Gold, EOS and Stellar.
  • USGFX provides Bitcoin.

Leverage

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for AvaTrade (ASIC regulated) is 400:1. Maximum leverage for USGFX (ASIC regulated) is 500:1.

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. USGFX provides MT4 and MT5 and apps.

Why AvaTrade or USGFX ?

Both brokers let the trader use EAs, thus enabling them to execute automated trading strategies. EAs are available on MT4 (at both brokers) and MT5 (at USGFX). AvaTrade additionally lets the trader trade FX Options on the AvaOptions platform.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, AvaTrade also provides MT4 spread betting
  • Both offer MT4
  • USGFX additionally provides MT5
  • AvaTrade also offers FX Options trading on the AvaOptions platform
  • AvaTrade has a wider range of markets
  • USGFX is an STP/ECN broker

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