AvaTrade Vs. XM - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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.	XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.
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 traders looking to trade shares in high volume using their Zero account MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 6 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FFAJ (Japan) CBI (Ireland) IIROC (Canada) CySec (Cyprus) FSCA (South Africa) ADGM (United Arab Emirates) ISA (Israel)	ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)
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 commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
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	No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers in the same range
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
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.
📍 Year Founded
2006	2009
💳 Minimum Deposit Range
$100	$5
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Bank Transfer Neteller Skrill
💵 Account Base Currencies
4 - USD, GBP, EUR, CHF.	11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, BE, IR.	US, CA.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
863	1,382
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
626	1,286
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	57
📗 Commodities
0	0
📗 Commodities CFDs
27	15
📕 Indices
0	0
📕 Indices CFDs
33	14
📔 ETFs
0	0
📔 ETFs CFDs
59	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
17	0
📒 Bonds
0	0
📒 Bonds CFDs
2	0
📓 Options
0	0
📓 Options CFDs
44	0
📗 Futures
0	0
📗 Futures CFDs
0	10
Trading Experience
📈 Minimum Stock Trade Size
Variable - From 1 to 100 units	Variable - Fractions allowed
📉 Minimum ETFs Trade Size
Variable - From 1 to 100 units	Unavailable
📈 Minimum Crypto Trade Size
Variable (eg: BTC 0.01, ETH 0.1)	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$100 (0.001 Lots)
📈 Minimum Commodities Trade Size
Variable (eg: 1 ounce of gold)	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
10 units	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Options Trade Size
10,000 FX Option contracts	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
$50 per quarter after 3 months of inactivity.	Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Yes on Zero accounts ($7 per lot round turn).
Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips	Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 50 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 34 Pips	Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.92	Dynamic - From $9.4
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $137.31	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	Yes