General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
AvaTrade vs XM: A Comparison Summary
When comparing AvaTrade and XM, both brokers have their own strengths and weaknesses. In this comparison summary, we will analyse the key features of each broker to help traders make an informed decision.
Both AvaTrade and XM are highly regulated, with AvaTrade being regulated by ASIC, FSCA, CBI (Ireland), IIROC, JFSA, BVI (British Virgin Island), and XM being regulated by CySEC, ASIC, DFSA, and FSC. Both brokers have the same security rating of 94, which means that they have strong security measures in place to protect their clients’ funds.
AvaTrade offers a demo account with a duration of 21 days and virtual funds of $10,000, while XM offers an unlimited demo account with virtual funds of $100,000. Both brokers allow traders to restore their virtual funds by contacting customer support.
AvaTrade requires a minimum deposit of $100, while XM only requires a minimum deposit of $5. AvaTrade offers more account types, including a standard account, spread betting account for UK account, Islamic account, and professional account for advanced traders. On the other hand, XM offers more base currencies based on the trader’s country, and more account types, including a micro account, zero account, ultra-low account, shares account, and Islamic account.
AvaTrade offers social-copy trading via third-party platforms ZuluTrade and DupliTrade, as well as a proprietary platform AvaSocial. XM, on the other hand, does not offer social trading.
AvaTrade offers a wider range of markets, including forex, commodities, indices, crypto assets, stocks, ETFs, and futures and options. XM, on the other hand, offers forex, commodities, indices, and stocks. Both brokers offer CFD trading only, making them suitable for short-term investors.
AvaTrade offers fixed spreads, with spreads starting from 0.9 pips on forex, which is higher than the market average. XM, on the other hand, offers variable spreads, with spreads starting from 0 pip on forex, which is lower than the market average. However, the spreads may be higher depending on the account type chosen. XM also charges commissions per lot traded, up to $7 per lot traded.
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available via webtrader, desktop, and mobile. AvaTrade also offers a proprietary platform available via web, desktop, and mobile, as well as AvaTradeGo, AvaOptions, and AvaSocial. XM allows traders to engage in algo trading and also offers VPS services.
Both brokers offer a wide range of educational material, including webinars, trading lessons, and platform lessons. AvaTrade has a strong offering with a keen eye on beginner traders, while XM offers educational material in 19 languages, 7 days a week. Both brokers have easy-to-contact customer care via email, phone, and live chat, with AvaTrade offering customer care in over 25 languages and XM offering customer care in over 21 languages.
In summary, AvaTrade offers more markets, more account types, and social-copy trading, while XM offers lower minimum deposit, lower spreads, and more base currencies. Both brokers are highly regulated and have strong security measures in place to protect their clients’ funds. When deciding between AvaTrade and XM, traders should consider their individual needs and preferences.