iFOREX Europe Vs. AvaTrade - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 89.13% of retail CFD accounts lose money.	Visit 71% of retail CFD accounts lose money.
Overview
iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.	AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.
Best For
Beginner traders with little to no experience looking to test a simple platform	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 6 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	ASIC (Australia) FFAJ (Japan) CBI (Ireland) IIROC (Canada) CySec (Cyprus) FSCA (South Africa) ADGM (United Arab Emirates) ISA (Israel)
The Good
Extremely simple platform designed for beginners with little needs	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
The Bad
High spreads on all of their instruments Web and mobile platforms are slow and lack tools Their FAQ database doesn’t effectively answer the most common questions any trader could have	Lack of variety in stocks, ETFs and bonds Expensive inactivity fees No multi-chart tools High trade minimums in all assets except forex
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
2018	2006
💳 Minimum Deposit Range
$200	$100
💰 Payment Methods
Bank Transfer Credit Card Debit Card	Visa Mastercard Bank Transfer Paypal
💵 Account Base Currencies
1 - EUR	4 - USD, GBP, EUR, CHF.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR, JP.	US, BE, IR.
📊 STP Account
Yes	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
584	863
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
400	626
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
50	55
📗 Commodities
0	0
📗 Commodities CFDs
19	27
📕 Indices
0	0
📕 Indices CFDs
32	33
📔 ETFs
0	0
📔 ETFs CFDs
42	59
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
41	17
📒 Bonds
0	0
📒 Bonds CFDs
0	2
📓 Options
0	0
📓 Options CFDs
0	44
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value	Variable - From 1 to 100 units
📉 Minimum ETFs Trade Size
$2,500 in trade value	Variable - From 1 to 100 units
📈 Minimum Crypto Trade Size
$2,500 in trade value	Variable (eg: BTC 0.01, ETH 0.1)
📉 Minimum FX Trade Size
$2,500 in trade value	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value	Variable (eg: 1 ounce of gold)
📉 Minimum Bonds Trade Size
Unavailable	10 units
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	10,000 FX Option contracts
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
No	No
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.	$50 per quarter after 3 months of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
No for credit cards but yes for bank wires (up to $20).	None
💰 Commissions
None	None
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips	Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 90 Pips	Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 34 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3	Dynamic - From $1.92
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips	Unavailable
📉 BTC
Dynamic - From $120	Dynamic - From $137.31
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
Yes	No