XM vs AvaTrade

XM
AvaTrade

Compare XM vs AvaTrade Side by Side

Selecting between XM vs AvaTrade and would like to see who is better Broker for your trading strategy? We made a detailed comparison between XM Review and AvaTrade Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureXMAvaTrade
Websitehttps://xm.com//www.avatrade.com
Founded year20092006
HeadquarterCyprus, Australia, BelizeIreland
LicensesCyprus, Australia, UK, Belize, UAEIreland, Australia, Japan, South Africa, UAE, British Virgin Islands
Minimum Deposit5 US$100 US$
Trading PlatformsMT4, MT5, XM WebTraderMT4, MT5, AvaTradeGO, AvaOptions
Eurusd avg Spread1.6 pips0.87 pips

Licenses

FeatureXMAvaTrade
Licenses Countries Info (short)
  • ASIC
  • CySEC
  • DFSA
  • FCA
  • IFSC
  • ASIC
  • JFSA
  • FSCA
  • FSRA
  • FSC

XM vs AvaTrade Brokers are both regulated in Australia and both hold EU licenses. While both brokers also operate under other reputable jurisdictions like Japan, UK and Cyprus, making their offers really strong and available for traders all around the world. Additionally, XM and AvaTrade have offshore licenses.

Broker Types

FeatureXMAvaTrade
Broker types
  • ECN
  • STP
  • NDD
  • ECN
  • STP
  • NDD

Both XM vs AvaTrade Brokers are ECN/STP/NDD Brokers offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders.

Trading Conditions

FeatureXMAvaTrade
Trading Conditions
  • beginners
  • commission
  • fixed spread
  • tight spread
  • expert advisor
  • hedging
  • scalping
  • beginners
  • low spread
  • copy trade
  • hedging
  • scalping

XM vs AvaTrade provide relatively similar trading conditions being suitable for beginners and giving them opportunities to use different trading strategies such as hedging and scalping. While XM offers a wider range of trading conditions, AvaTrade provides its traders with Copy trading option.

Fees & Commissions

FeatureXMAvaTrade
Inactivity Feemonth0 $0 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-0.083-0.0058%
Rollover fee eurusd sell 1 lot-0.5430.0058%
Avg Eurusd standard acc1.6 pips0.87 pips
Gold3540
Brent oil5 pips3 pips
Bitcoin600.75%

Trading costs for XM vs AvaTrade are very similar, as both brokers do not charge any inactivity and deposit/withdrawal fees, making them more attractive for traders. As to the spreads, AvaTrade has a slight advantage here for offering some of the lowest spreads in the industry.

Account Types

FeatureXMAvaTrade
Account types
  • Standard Account
  • Micro Account
  • Islamic Account
  • Standard Account
  • Islamic Account

Both XM vs AvaTrade offer Standard Accounts. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions. Additionally, XM has a Micro Account to offer which is generally more suitable for the beginners due to their much lower requirements and risks involved.

Markets & Instruments

FeatureXMAvaTrade
Forex5555
Indices2823
Commodities1529
Cryptocurrencies14
Shares600614
Bonds2
Options
Binary options
Spread betting
Treasuries
Futures
Etfs59

Trading instruments offered by both XM vs AvaTrade are various, but also quite similar. The number of the assets offered is also small for both brokers. The only advantage is probably that AvaTrade also has Cryptocurrencies, Bonds and ETFs in its portfolio.

Trading Platforms

FeatureXMAvaTrade
Platforms
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
  • own platform
  • MetaTrader 4
  • MetaTrader 5
  • Zulutrade

Both Xm vs AvaTrade provide access to the well-known and nearly perfectly-developed trading platforms MT4 and MT5. AvaTrade operates on a proprietary platform, while XM has a WebTrader platform.

Deposit & Withdrawal Methods

FeatureXMAvaTrade
Payment methods
  • credit card
  • debit card
  • neteller
  • skrill
  • webmoney
  • western union
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill

Payment methods offered by XM vs AvaTrade are very much alike. Both brokers offer bank transfers, debit/credit cards, and some popular e-wallets. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals.

Others

FeatureXMAvaTrade
Others
  • Webinar
  • Seminar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability

Both XM vs AvaTrade understand the necessity of good quality customer service and support and take client satisfaction quite a priority and keep it at a professional level. As to the education materials, AvaTrade education is quite sustainable and well organized, also, with XM you may count on a quality learning defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars.

Conclusion on XM vs AvaTrade

Concluding XM vs AvaTrade comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide various trading conditions, similar fees and a good choice of trading platforms. However, AvaTrade’s copy trading option and low spreads give an advantage to its trades and to the broker itself. Here is our final recommendation:

  • XM 🥇Best Best Micro Account Broker for Beginners for bringing opportunity to trade with lower margin and investment.
  • AvaTrade – 🥇Best Online Forex Trading Experience for offering high-tech access to an expanded range of the instrument and multiple platforms.