AvaTrade vs XM - Trading Brokers Comparison

AvaTrade vs XM | Online Brokerage Comparison

AvaTrade vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$5MT4, MT51000+CySEC, ASIC, IFSC

AvaTrade vs XM Comparison

Both of these brokers offer MetaTrader 4 (MT4) and 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. 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 CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

Both offer MT4 and MT5. AvaTrade has a separate FX Options trading platform.

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 CySEC regulated 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. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Metals, Indices and Energy, with 35+ 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 1000+ available on MT5. MT4 does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and 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, NEO, IOTA, 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 0.6 without a commission charge.

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

Platforms

AvaTrade offers MT4, MT5 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. 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 and MT5
  • AvaTrade also provides the AvaOptions platform for FX Options trading
  • AvaTrade offers a wider range of markets
  • XM has a smaller minimum deposit and trade size (for its Micro account)

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