FOREX.com vs AvaTrade Broker Comparison

Home » FOREX.com vs AvaTrade Broker Comparison

Are you trying to figure out which is a better broker, FOREX.com or AvaTrade? 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 FOREX.com and AvaTrade 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 FOREX.com.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
Forex.comAvaTrade
OPEN ACCOUNTReviewReview
RATING95.5/10096.8/100
MIN. DEPOSIT100$100$
REGULATED BYuk australia cayman-islands canadasouth africa australia canada mauritius
BONUSCheck WebsiteUp to 20%
MIN. SPREAD0.80.6
MAX. LEVERAGE1:4001:400
CURRENCY PAIRS9155
TRADING INSTRUMENTS4,500+250+
TRADING PLATFORMSMT4, MT5, MobileMT4, MT5, Mobile, WebTrader
DEPOSIT METHODSBank transfer, Visa, MasterCard, PayPal and moreBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
TYPE OF BROKERSMarket Maker/DMAMarket Maker
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT114
ESTABLISHED20012006 HQ in Dublin
USED BY100,000+ Traders200,000+ Traders

Does FOREX.com or AvaTrade 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 FOREX.com and AvaTrade are, we first considered the common fees on Standard Accounts. At FOREX.com the average spread for the EUR/USD currency pair is 0.8 pips, whilst at AvaTrade the spread is 0.6.

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

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

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

Trading Fees*

TYPE OF FEEFOREX.COMAVATRADE
Minimum Spread EURUSD (pips)0.80.6
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFOREX.COMAVATRADE
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesYN

Which broker is safer, FOREX.com or AvaTrade?

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.

FOREX.com is regulated by FCA, ASIC, CIMA, IIROC and offers client protection. AvaTrade is regulated by FSCA, ASIC, IIROC, FSC, FSA, CBI and offers client protection.

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

Broker summary

FOREX.COMAVATRADE
Minimum Deposit (USD $)100100
LicensesFCA, ASIC, CIMA, IIROCFSCA, ASIC, IIROC, FSC, FSA, CBI
Max. Leverage1:4001:400
Client ProtectionYY
Broker TypeMarket Maker/DMAMarket Maker
Number of Instruments4,500+250+
Currency Pairs9155
Stocks4,500617
Cryptocurrencies814
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5YY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, PayPal and moreBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at FOREX.com and AvaTrade?

FOREX.com provides traders with 4,500+ instruments. This includes 91 currency pairs, 8 cryptocurrencies, and 4,500 stocks and shares. With FOREX.com, you can also trade CFDs.

In comparison, AvaTrade boasts 250+ tradable instruments. AvaTrade offers 55 currency pairs, 14 cryptocurrencies, and 617 stocks and shares. AvaTrade also allows CFD trading.

As AvaTrade has 250+ and FOREX.com has 4,500+, a difference of 4250, this shows that AvaTrade offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTFOREX.COMAVATRADE
Currency Pairs9155
Commodities1118
Precious Metals75
Indices2120
Stocks and Shares4,500617
Cryptocurrencies814
Options044
ETFs11

Which broker offers the best trading platform, FOREX.com or AvaTrade?

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.

FOREX.com provides you with the ability to trade via 3 trading platforms, and AvaTrade has 4 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

TOOLFOREX.COMAVATRADE
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYY
Expert AnalysisYY
Autochartist ToolsYY
Sentiment ChartsYY
Economic CalendarYY

Which is better for beginners, FOREX.com or AvaTrade?

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 FOREX.com is the better broker for beginner traders as it offers a larger range of educational tools and materials. FOREX.com also has a minimum deposit of $.

Educational Features

FEATUREFOREX.COMAVATRADE
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYY
Live WebinarsYY
YouTube VideosYN
Trading AcademyYY
Trading GlossaryYY

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 FOREX.com and AvaTrade reviews.

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