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XM vs AvaTrade
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Updated:
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
| Feature | XM | AvaTrade |
|---|---|---|
| Website | //xm.com | //www.avatrade.com |
| Founded year | 2009 | 2006 |
| Headquarter | Cyprus, Australia, Belize | Ireland |
| Licenses | Cyprus, Australia, Belize, UAE | Ireland, Australia, Japan, South Africa, UAE, British Virgin Islands, Japan, Cyprus, Israel |
| Minimum Deposit | 5 US$ | US$ 100 |
| Trading Platforms | MT4, MT5, XM WebTrader | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial |
| Eurusd avg Spread | 1.6 pips | 0.87 pips |
Licenses
| Feature | XM | AvaTrade |
|---|---|---|
| Licenses Countries Info (short) |
|
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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
| Feature | XM | AvaTrade |
|---|---|---|
| Broker types |
|
|
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
| Feature | XM | AvaTrade |
|---|---|---|
| Trading Conditions |
|
|
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
| Fees & Commissions | XM | AvaTrade |
|---|---|---|
| Inactivity Feemonth | 15 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.083 | -0.0058% |
| Rollover fee eurusd sell 1 lot | -0.543 | 0.0058% |
| Avg Eurusd standard acc | 1.6 pips | 0.87 pips |
| Gold | 35 | 40 |
| Brent oil | 5 pips | 3 pips |
| Bitcoin | 60 | 0.75% |
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
| Feature | XM | AvaTrade |
|---|---|---|
| Account types |
|
|
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
| Markets & Instruments | XM | AvaTrade |
|---|---|---|
| Forex | 55 | 55 |
| Indices | 28 | 23 |
| Commodities | 15 | 29 |
| Cryptocurrencies | 60 | 14 |
| Shares | 600 | 614 |
| Bonds | ❌ | 2 |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | 59 |
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
| Feature | XM | AvaTrade |
|---|---|---|
| Platforms |
|
|
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
| Feature | XM | AvaTrade |
|---|---|---|
| Payment methods |
|
|
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
| Feature | XM | AvaTrade |
|---|---|---|
| Others |
|
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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 AvaTrade vs XM
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.
