AvaTrade vs FXCM Broker Comparison

Are you trying to figure out which is a better broker, AvaTrade or FXCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that AvaTrade is the better of the two. AvaTrade offers 250+ instruments, licenses from FSCA, ASIC, IIROC, FSC, FSA, CBI, and fair trading fees.

In the tables below, you can compare the features of AvaTrade and FXCM side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked AvaTrade higher than FXCM.

Rating
96.8/100
96.5/100
Min. Deposit
100$
50 (depending on the payment method)$
Regulated By
FSCAFSCA
ASICASIC
IIROCIIROC
FSCFSC
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
Bonus
Up to 20%
No Information
Min. Spread
0.6
1.3
Max. Leverage
1:400
1:400 (1:30 for AU, EU and UK clients)
Currency Pairs
55
39
Trading Instruments
250+
60+
Trading Platforms
MT4, MT5, mobile, WebTrader
MT4, mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Bank transfer, Visa, Mastercard, Skrill, Netseller
Type of Brokers
Market Maker
Enhanced Execution
Customer Support
24/5
24/7
Language Support
14
8
Established
2006 HQ in Dublin
1999
Used By
200,000+ Traders
100,000+ Traders

Does AvaTrade or FXCM have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive AvaTrade and FXCM are, we first considered the common fees on Standard Accounts. At AvaTrade the average spread for the EUR/USD currency pair is 0.6 pips, whilst at FXCM the spread is 1.3.

This shows that AvaTrade is the better option for low-cost forex trading.

When it comes to non-trading fees, AvaTrade charges for inactivity. FXCM charges for inactivity, withdrawal. With this in mind, AvaTrade has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXCM is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, AvaTrade or FXCM?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

AvaTrade is regulated by FSCA, ASIC, IIROC, FSC, FSA, CBI and offers client protection. FXCM is regulated by FCA, CySec, FSCA, ASIC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FXCM is the safer broker.

Broker summary

How many trading instruments are available at AvaTrade and FXCM?

AvaTrade provides traders with 250+ instruments. This includes 55 currency pairs, 14 cryptocurrencies, and 617 stocks and shares. With AvaTrade, you can also trade CFDs.

In comparison, FXCM boasts 60+ tradable instruments. FXCM offers 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. FXCM also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, AvaTrade or FXCM?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

AvaTrade provides you with the ability to trade via 4 trading platforms, and FXCM has 3 trading platforms. Both brokers also offer research and trading tools, however AvaTrade has more.

Overall, our experts agree that AvaTrade boasts the better trading platform offering.

Research Tools

Which is better for beginners, AvaTrade or FXCM?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FXCM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXCM also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that AvaTrade is the better broker in a range of key areas. You can learn more by reading our AvaTrade and FXCM reviews.

AvaTrade vs FXCM
AvaTrade
96.8
Points
FXCM
96.5
Points
Overall
0 points
AvaTrade
92
Points
FXCM
96
Points
Commissions & Fees
4 points
AvaTrade
96
Points
FXCM
97
Points
Licensing & Safety
1 points
AvaTrade
98
Points
FXCM
99
Points
Trading Platforms & Tools
1 points
AvaTrade
88
Points
FXCM
94
Points
Payments
6 points
AvaTrade
89
Points
FXCM
95
Points
Customer Service
6 points
AvaTrade
95
Points
FXCM
98
Points
Educational
3 points
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