AvaTrade
Visit

71% of retail CFD accounts lose money

Vs.

FXCM
Visit

74-89% of retail CFD accounts lose money.

AvaTrade Vs. FXCM - Compare and Choose the Right One

Updated Nov 25 2021

Visit

71% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money.

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.

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

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
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
Trust

TTBTrust

8

Provided by TheTradingBible.com ®

Learn More

TTBTrust

7.7

Provided by TheTradingBible.com ®

Learn More
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
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
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
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
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
Central Bank of Ireland
Financial Futures Association of Japan
Australian Securities and Investments Commission
Investment Industry Regulatory Organization of Canada
Cyprus Securities and Exchange Commission
South African Financial Sector Conduct Authority
ADGM Financial Services Regulatory Authority
Israel Securities authority
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Sector Conduct Authority
📍 Year Founded
2006 1999 (FXCM Group)
💳 Minimum Deposit
$, €, £ - 100 €, £, $ - 50 (Varies by payment method)
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Paypal
Visa
Mastercard
Bank Transfer
Neteller
Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

💵 Account Base Currencies
4 - USD, GBP, EUR, CHF. 4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, IR. RU, US, CA, JP, SK and more.
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
Bonds
Options
CFDs
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
📙 Stocks
626 200+
📘 Currency Pairs
55 39
📗 Commodities
27 11
📕 Indices
33 15
📔 ETFs
59 N/A
💸 Cryptocurrencies
17

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

📒 Bonds
2 N/A
📓 Options
44 N/A
📗 Futures
N/A N/A
📝 Notes:
Most of AvaTrade's assets are CFDs. All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Depends on Stock price, from 1 to 10 or 100 units. 1 share
📉 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. 1 unit of any cryptocurrency
📉 Minimum FX Trade Size
$1,000 $1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 1 Troy ounce of Gold) Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 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 (Varies)
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
Yes, $50 per quarter after 3 months of inactivity.

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

💰 Commissions
No No
Spreads
📈 EUR/USD
0.9 Pips From 1.2 Pips (As per our research)
📉 SP500
50 Pips From 58 Pips (As per our research)
📈 GOLD
34 Pips From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
$1.92 Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
$137.31 Variable - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

By using TheTradingBible.com's website you agree to the use of cookies.