AvaTrade vs XM - Trading Brokers Comparison

AvaTrade vs XM | Online Brokerage Comparison

AvaTrade vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$5MT4, MT5700+FCA, CySEC, ASIC

AvaTrade vs XM Comparison

Both of these brokers offer MetaTrader 4 (MT4). XM additionally provides the successor to MT4, MetaTrader 5 (MT5). Each allows automated trading strategies (Expert Advisors on MT4 and MT5).

AvaTrade has a wider range of markets than XM overall and on MT4 vs MT4, but XM has a greater number when MT5 is considered, as it has a relatively large number of Stocks CFDs. AvaTrade offers FX Options trading on a separate platform.

While each offers CFD trading, in the UK, AvaTrade provides spread betting on MT4.

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.

XM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

Both offer MT4, while XM additionally provides MT5. AvaTrade has a separate FX Options trading platform and more markets on MT4, while XM has more markets on MT5.

Minimum deposit and key account features

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

  • AvaTrade offers an Economic Calendar on its web site, AutoChartist and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • XM offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100.
  • XM's Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. XM offers a free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Metals, Indices, Energy and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Metals, Indices, Energy, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Options and Bonds, with 200+ available.
  • XM offers Forex, Indices, Metals, Energy, Cryptocurrencies, Soft Commodities and Stocks, with 700+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and Precious Metals (Gold and Silver), with 55+

AvaTrade provides 50+ Forex pairs, XM provides 60+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

  • XM can offer low Forex spreads plus a commission charge. AvaTrade offers Forex spreads from 0.9 without a commission charge, while XM offers Forex spreads from 1 without a commission charge.

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

Platforms

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

Why AvaTrade or XM ?

Traders who trade using automated trading strategies can do so at either broker as both allow the use of MT4 Expert Advisors (EAs). Traders who wish to trade FX Options may consider AvaTrade as it has a platform dedicated to these markets. Stocks CFDs traders can find these at either, though on MT4 only at AvaTrade, as XM hosts these on MT5, on which it has considerably more than AvaTrade. This helps push its total number of markets overall higher than AvaTrade, but AvaTrade has more markets on MT4. XM offers a Cent account (its Micro account) thus allowing it to offer trade sizes smaller than micro lots, and enabling it to have a small minimum deposit ($5). However the minimum deposit for the XM Zero account is the same as the minimum deposit for AvaTrade ($100).

Comparison summary

  • Both offer CFD trading
  • In the UK, XM provides MT4 spread betting
  • Both provide MT4
  • XM additionally offers MT5
  • AvaTrade also provides the AvaOptions platform for FX Options trading
  • Avatrade has a wider range of markets
  • XM has more markets overall (on MT5)
  • XM has a smaller minimum deposit (for its Micro account)
  • AvaTrade has the same minimum deposit as XM, when its XM Zero account is considered ($100)

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