AvaTrade
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71% of retail CFD accounts lose money

Vs.

XM
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74.07% of retail CFD accounts lose money.

AvaTrade Vs. XM - Compare and Choose the Right One

Updated Nov 25 2021

Visit

71% of retail CFD accounts lose money

Visit

74.07% 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
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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 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
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
Australian Securities and Investments Commission
ADGM Financial Services Regulatory Authority
📍 Year Founded
2006 2009
💳 Minimum Deposit
$, €, £ - 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
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
Bonds
Options
CFDs
Stocks
Commodities
Currencies
Indices
CFDs
📙 Stocks
626 1286
📘 Currency Pairs
55 57
📗 Commodities
27 15
📕 Indices
33 14
📔 ETFs
59 N/A
💸 Cryptocurrencies
17 N/A
📒 Bonds
2 N/A
📓 Options
44 N/A
📗 Futures
N/A 10
📝 Notes:
Most of AvaTrade's assets are CFDs. All of XM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Depends on Stock price, from 1 to 10 or 100 units. Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares)
📉 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 $100 (0.001 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 1 Troy ounce of Gold) Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
10 Bond contracts N/A
📈 Minimum Futures Trade Size
N/A All of XM's futures are commodities, same rules apply.
📉 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 N/A
✍ 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
💻 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
Yes, $50 per quarter after 3 months of inactivity.

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
No

Yes on Zero accounts ($7 per lot round turn).

Spreads
📈 EUR/USD
0.9 Pips From 1.7 Pips
📉 SP500
50 Pips From 40 Pips
📈 GOLD
34 Pips From 35 Pips
📉 TSLA (Stock CFD)
$1.92 From $9.4
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
$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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