AvaTrade vs Binary.com - Online Brokerage Comparison

AvaTrade vs Binary.com | Trading Brokers Comparison

AvaTrade vs Binary.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneSmart Trader, MT5, Apps50+MFSA, VFSC
$100Web Trader, MT5, MT4, AvaOptions, Apps1000+CBI, FSC, ASIC, FSCA, FSA & FFAJ

AvaTrade vs Binary.com Comparison

Both brokers offer MetaTrader 5 (MT5), while AvaTrade also provides MetaTrader 4 (MT4). MT5 is the successor to MT4, and has a number of upgrades on MT4, but MT4 has been around longer.

AvaTrade can offer more markets to trade overall, as it provides Shares CFDs.

Both brokers offer traders the capacity to trade Cryptocurrency CFDs 24/7 on MetaTrader.

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.

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

Quick comparison

AvaTrade offers MT4 and MT5. Binary.com provides MT5. Binary.com has a lower minimum deposit for MT5 (none). AvaTrade offers more markets to trade on MetaTrader.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $100. The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5.

  • AvaTrade provides an Economic Calendar on its website, 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.
  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries).

Markets to trade

  • AvaTrade offers spread betting (in the UK), in Forex, Commodities and Indices, with 35+ available.
  • AvaTrade offers CFD trading in Forex, Commodities, Indices, Cryptocurrencies, ETFs, Bonds and Options, with 1000+ available.
  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.

Cryptocurrency CFDs

  • AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, DASH, Bitcoin Cash, Bitcoin Gold, NEO, IOTA and Stellar.
  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, DASH, Bitcoin Cash and Emercoin.

Leverage

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1.

Online trading platforms

Binary.com offers its SmartTrader web trader and MT5. AvaTrade provides a web trader, MT4 and MT5. Both brokers offer mobile apps.

Why AvaTrade or Binary.com ?

Traders who want to trade on MT5 may do so at either broker. Traders who wish to trade on MT4 can do so at AvaTrade. Binary.com has a lower minimum deposit to use MetaTrader (none vs $100). Traders who want to trade Cryptocurrency CFDs 24/7 may do so at either broker. AvaTrade has more CFD markets to trade, including Stocks CFDs.

Comparison summary

  • Both brokers offer CFD trading
  • Both brokers provides MT5
  • AvaTrade additionally offers MT5
  • Both provide 24/7 Cryptocurrency CFD trading
  • AvaTrade offer more markets, including Stocks CFDs
  • Binary.com has the lower minimum deposit (none vs $100)

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