AvaTrade
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71% of retail CFD accounts lose money

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BlackBull Markets
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AvaTrade Vs. BlackBull Markets - Compare and Choose the Right One

Updated Jan 08 2022

Visit

71% of retail CFD accounts lose money

Visit

Your Capital is at risk.

Overview

AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.

BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.

Best For
  • New traders looking for a more advanced forex and options platform
  • Experienced traders looking to take advantage of their fixed spreads
  • Experienced traders looking to trade FX options
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
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The Good
  • AvaProtect feature for negative trades payback
  • Great variety of platforms (proprietary ones, MT4 & MT5)
  • Smooth platform experiences and easy account management
  • Custom Options trading platform
  • Competitive spreads in their ECN PRIME account (From 0.1 Pips)
  • MT4 & 5 platforms offered
The Bad
  • Lack of variety in stocks, ETFs and bonds
  • Expensive inactivity fees
  • No multi-chart tools
  • High trade minimums in all assets except forex
  • Their standard asset offering is very low (over 300 instruments)
  • Share trading requires a separate platform with a different onboarding
  • Commissions are above average and share trading fees are a mystery
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • ASIC (Australia)
  • FFAJ (Japan)
  • CBI (Ireland)
  • IIROC (Canada)
  • CySec (Cyprus)
  • FSA (South Africa)
  • ADGM (United Arab Emirates)
  • ISA (Israel)
  • FMA (New Zealand)
  • FSAS (Seychelles)
📍 Year Founded
2006 2014
💳 Minimum Deposit
$, €, £ - 100 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
💵 Account Base Currencies
4 - USD, GBP, EUR, CHF. 9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, IR. US, CA, SY, IR.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets

CFDs on stocks, cryptocurrencies, commodities, currencies, ETFs, indices, shares, options and bonds.

  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
626 23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
55 64
📗 Commodities
27 15
📕 Indices
33 13
📔 ETFs
59 N/A
💸 Cryptocurrencies
17 8
📒 Bonds
2 N/A
📓 Options
44 N/A
📗 Futures
N/A N/A
📝 Notes:
Most of AvaTrade's assets are CFDs. All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Depends on Stock price, from 1 to 10 or 100 units. N/A
📉 Minimum ETFs Trade Size
Depends on ETF price, from 1 to 10 or 100 units. N/A
📈 Minimum Crypto Trade Size
Depends on cryptocurrency, for BTC 0.01, for ETH 0.1 units. N/A
📉 Minimum FX Trade Size
$1,000 $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 1 Troy ounce of Gold) N/A
📉 Minimum Bonds Trade Size
10 Bond contracts N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
10,000 FX Option contracts N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes (only for share trading)
📱 Android App
Yes Yes (only for share trading)
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes (MT4 & 5)
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes (only for share trading)
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
Yes, $50 per quarter after 3 months of inactivity. No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

💰 Commissions
No
  • ECN Standard has no fees.
  • ECN PRIME has a $6 commission per lot round turn

In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From 50 Pips From 5.5 Pips
📈 GOLD
Dynamic - From 34 Pips From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.92 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market spread
📉 BTC
Dynamic - From $137.31 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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