XM vs AvaTrade

 
 
Product Info
Comprehensive

Comprehensive Review of XM Broker

AvaTrade

AvaTrade Review

Description - -
Awards

Best Global Forex Customer Service 2019 – This award from the Global Brands Magazine highlights Exness’ dedication to offering top-tier customer service.

Most Transparent Forex Broker 2019 – Exness was recognized for its commitment to transparency, particularly in pricing, trade execution, and reporting.

Best Global Forex Broker 2020 – From the Global Forex Awards, this award showcases Exness’ reputation as a leading broker in the international market.

Best Trading Platform 2021 – Exness has been recognized for offering one of the best trading platforms, highlighting the ease of use and functionality of its trading software.

 

  • Best Overall Broker 2022 – DayTrading.com
  • Best Trading App 2021 – DayTrading.com
  • Best Forex Broker 2019 – DayTrading.com
Demo Account Yes, with $100,000USD Yes
Max Payout Not fixed -
Out-of-Money Reward - -
Deposit Options - CFD, Forex, Crypto, Stocks, Options Credit Card,  Debit Card,  FasaPay,  JCB Card,  Mastercard,  MoneyGram,  Neteller,  Perfect Money,  Skrill,  Swift,  WebMoney,  Western Union,  Wire Transfer
Mimimum deposit $30 $100
Customer Support Types Phone, live chat, email, web form -
Bonus Type - Welcome bonus 20% up to 10.000$
Bonus Size 100% 20%
Deposit Currencies USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN USD, EUR, GBP, AUD, CAD
Regulation

Cyprus Securities and Exchange Commission (CySEC) – Exness operates under the license number 178/12 in Cyprus, which adheres to the stringent regulations of the European Union, providing security and transparency for traders.

Financial Conduct Authority (FCA) – In the UK, Exness is regulated by the FCA, under license number 730729, further demonstrating their commitment to protecting clients and offering a secure trading environment.

Seychelles Financial Services Authority (FSA) – Exness holds a license from the FSA of Seychelles, which allows it to offer international trading services under more flexible conditions than its European licenses.

South African Financial Sector Conduct Authority (FSCA) – Exness is also regulated by the FSCA in South Africa, under license number 51024, broadening its market reach and enhancing its global credibility.

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Trading Platform MetaTrader 4, MetaTrader 5, Proprietary web platform MetaTrader 4 platform,  MetaTrader 5 platform,  Meta Trader for Mac,  Meta Trader for mobile trading (Download the Avatrade app directly here),  Meta Trader for web trading,  The AvaTradeAct platform (Proprietary Platform)
Maximum Trade 100,000 units -
Minimum Trade 0.1 pips $.01
Trading Instruments

Micro Accounts: Micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency.

Ultra Low Accounts: XM Ultra Low Accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $5 USD. 1 Standard Ultra lot is 100,000 units of the chosen base currency, whereas, 1 Micro Ultra lot is 1,000 units of the base currency. XM Ultra Low Accounts are not applicable to all entities of the group.

Standard: Standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency.

Zero Accounts: Zero accounts can use USD, JPY and EUR as the base currency and traders will require a minimum deposit of $5USD. Like the Standard account, 1 standard lot is 100,000 units of the chosen base currency. Zero accounts are not applicable to all the entities of the XM Group.

CFD, Forex, Crypto, Stocks, Options

  • Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
  • Cryptocurrency – (Not available in Canada or UK) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin cash.
  • Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading these financial assets.
  • Options – Avatrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product.
Online Since 2009 2006
Binary Option Types - -
Tools Offered - -
Languages English, Malay, 简体中文, 繁体中文, Ελληνικά, Magyar, Русский, Indonesia, Français, Italiano, Svenska, Deutsch, Polski, العربية, Español, 한국어, Português, Tiếng Việt, ภาษาไทย, Filipino, Dutch, Česky, বাংলা, اردو, Türkçe Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar
Commission - -