| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader, AvaOptions Trading Platforms | 1000+ Markets To Trade | AvaTrade provides MT4 and MT5, offering autoamted trading, offers Vanilla Options trading on AvaOptions and has social and copy trading platforms About |
| XM | $5 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | XM provides a Cent account with a $5 minimum deposit and offers trading (including automated trading) on MT4 and MT5 About |
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 additionally provides a user friendly web trader.
AvaTrade has a wider range of markets than XM overall. Both have 1000+ markets to trade. AvaTrade offers FX Options trading, on a separate platform.
While each offers CFD trading, in the UK, AvaTrade additionally 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 and a user friendly web trader.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for XM is $/€/£5.
- 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.
- XM CySEC regulated offers three account types, the Micro, Standard and XM Zero accounts, all with minimum deposits of $5. 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. The minimum trade size is 0.0001 lots.
- 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 1000+ available on MT5.
- 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.
| Broker | Trading Platforms | Description |
|---|---|---|
| XM Broker | MT4, MT5 Trading Platforms | XM offers MT4 and MT5 and has a Cent account with a $5 minimum deposit Description |
| AvaTrade Broker | MT4, MT5, WebTrader, AvaOptions Trading Platforms | AvaTrade offers MT4 and MT5 (with automated trading) and provides Vanilla Options on AvaOptions and has a user friendly Web Trader Description |
Cryptocurrency CFDs
- AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Chainlink, Uniswap, Dash, NEO, IOTA and Bitcoin Gold CFDs.
- XM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Chainlink, Aave, Cardano, Algorand, Avalanche, Axie Infinity, Basic Attention Token, Compound, Enjin, Fetch.ai, The Graph, OmiseGO, SKALE, Solana, Storj, Sushi and Ox 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 a web trader, 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). For traders who execute their own trades, AvaTrade provides a user friendly web trader.
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 and a web trader
- AvaTrade offers a wider range of markets
- XM has a smaller minimum deposit ($5) and trade size (for its Micro account)
