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InvestinGoal » Compare Forex Brokers » AvaTrade vs XM

AvaTrade vs XM: Comparison and Analysis

Trying to figure out whether to use AvaTrade or XM? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of AvaTrade and XM side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
76% of retail investor accounts lose money
AvaTrade review
Open Account
72,82% of retail investor accounts lose money
XM review

Overall Ratings

Rated
92
Rated
80

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • AvaTrade
  • XM
Security 94
Security 94
Cost 78
Cost 78
Trading 100
Trading 66
Education 85
Education 81

Company Info

Foundation
2006
2009
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, chi(t/s), de, es, fi, fr, hu, ne, po, pol, ru, thai, ko, ind, mal, it, nig, es(chi), po(br), afrk, tu, sve, mon, fr(can), en(can), en(aus), ur
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Leverage

Non-EU Leverage ?
400:1
0
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
400:1
0

Tier 1 Regulation

FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation

FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation

Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power

SimilarWeb - Website Ranking
119731
5355
SimilarWeb - Total Visits
464620
12990000
Facebook Likes
103098
974312
Twitter Likes
9813
30300
Instagram Likes
5290

Deposit and Withdrawal

Minimum Deposit ?
100 USD
5 USD
Minimum Withdraw ?
5
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
WebMoney
Deposit Waiting Time ?
instant
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees

Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types

Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, ZAR, JPY
AUD, EUR, GBP, USD, ZAR, CHF, HUF, PLN, RUB, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities

Crude Oil ?
0.03
0.05
Natural Gas ?
0.002
0.035
Silver ?
0.029
0.3
Platinum ?
1.10
3
Copper ?
0.005
Soybeans ?
0.25
0.0275
Corn ?
1.0
0.0185
Gold ?
0.34
0.3

Forex Fixed Spreads

EUR/GBP Spread
1.5
EUR/USD Spread
0.9
USD/JPY Spread
1.5
GBP/USD Spread
2.0
USD/CHF Spread
2.0
AUD/USD Spread
2.2
USD/CAD Spread
2.0
NZD/USD Spread
1.8

Forex Variable Spreads

EUR/USD Average Spread
0.1
USD/JPY Average Spread
0.1
USD/CHF Average Spread
0.4
GBP/USD Average Spread
0.3
USD/CAD Average Spread
0.5
AUD/USD Average Spread
0.4
NZD/USD Average Spread
1.0
EUR/GBP Average Spread
0.3

Fees on Stocks

Apple
0.26
Facebook
0.15
Alphabet
2.77
Snapchat
0.06
BP
0.08
Tesco
0.0041
Barclays
0.0039
Lloyds
0.0012

Fees on Indices

FTSE100
0.50
1.5
S&P500
0.25
0.7
Dow Jones
3.0
1
Nasdaq
1.0
2
CAC40
1.0
1.8
DAX30
1.5
2.0
Nikkei 225
10.0
12.0
Euro Stoxx 50
1.0
2.6

Fees on Cryptocurrencies

Bitcoin
1
Ethereum
0.60%
Ripple
0.95%
Litecoin
0.60%
Bitcoin Cash
0.80%
Dash
2.00%
Monero
0
Neo
2.00%

Platforms

cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading

Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, fr, heb, it
en, ar, de, es, fr, hu, po, pol, ru, swe, tur, thai, ko, ind, mal, it, chi
Watchlist Mobile ?

Available Markets

Forex Pairs ?
60
57
Crypto ?
20
Commodities ?
16
15
Stocks ?
100
160
Indices ?
20
30
ETF ?
5
Futures ?
Options ?
44
Bonds ?
2
Metal ?
4
4
Agricultural ?
8
8
Energies ?
4
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Agricultural, Blends, Bonds

Trading Execution

Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management

Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions

MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques

Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools

One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education

Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support

Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, chi(t/s), de, es, fi, fr, hu, ne, po, pol, ru, thai, ko, ind, mal, it, nig, es(chi), po(br), afrk, tu, sve, mon, fr(can), en(can), en(aus), ur
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Research

Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

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.

Security

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.

Demo Accounts

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.

Account Opening

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.

Social-Copy Trading

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.

Markets

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.

Trading Fees

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.

Platforms

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.

Education/Customer Care

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.

Conclusion

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.