Updated Jul 12 2022
Overview | |
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AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms. |
OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 6 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
No fresh news at the moment. Check again soon! ![]() |
No fresh news at the moment. Check again soon! ![]() |
Key Data | |
⌛ Account Opening Time | |
1 day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder’s name. |
📍 Year Founded | |
2006 | 1965 |
💳 Minimum Deposit | |
$, €, £ - 100 | $, €, £ - 100 (Standard) and 10,000 (Premium) |
💰 Payment Methods | |
💵 Account Base Currencies | |
4 - USD, GBP, EUR, CHF. | 3 - EUR, USD, GBP |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, BE, IR. | US, BE, CN, SG, CH |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
No | No | Assets |
📚 Available Assets | |
📙 Stocks | |
626 | 5,000 CFDs (250 are commission free) |
📘 Currency Pairs | |
55 | 60 |
📗 Commodities | |
27 | 17 |
📕 Indices | |
33 | 20 |
📔 ETFs | |
59 | 19 |
💸 Cryptocurrencies | |
17 | 5 |
📒 Bonds | |
2 | 8 |
📓 Options | |
44 | N/A |
📗 Futures | |
N/A | 45 |
📝 Notes: | |
Most of AvaTrade's assets are CFDs. | OvalX offers CFDs, spread betting and futures. |
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. | 1 ETF |
📈 Minimum Crypto Trade Size | |
Depends on cryptocurrency, for BTC 0.01, for ETH 0.1 units. | Varies by Cryptocurrency (Eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
$1,000 | $1,000 (0.01 lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commoditty (Eg: 1 Troy ounce of Gold) | Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) |
📉 Minimum Bonds Trade Size | |
10 Bond contracts | 1 unit |
📈 Minimum Futures Trade Size | |
N/A | Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) |
📉 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 | 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 | No |
💻 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. | No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
No | Yes, depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge) |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.9 Pips | Dynamic - From 0.6 Pips |
📉 SP500 | |
Dynamic - From 50 Pips | Dynamic - From 60 Pips |
📈 GOLD | |
Dynamic - From 34 Pips | Dynamic - From 60 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.92 | Dynamic - From $13 |
📈 XLK (ETF - CFD) | |
N/A | N/A |
📉 BTC | |
Dynamic - From $137.31 | Dynamic - Eg. $226.4 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | No |
📜 Integrated Newsfeed | |
No | No |
📡 Reuters Feed | |
No | No |