AvaTrade vs XTB: Comparison and Analysis

AvaTrade vs XTB: Which Broker to Choose?

AvaTrade and XTB are two reputable brokers that offer various trading tools and services to traders. In this comparison, we will examine their features and help you decide which one is the best fit for you.

Security

Both brokers are regulated by reputable financial authorities. AvaTrade is regulated by ASIC, FSCA, CBI (Ireland), IIROC, JFSA, and BVI, while XTB is regulated by CySEC, FCA, KNF, IFSC, DFSA, and FSCA. XTB has a slightly higher security rating of 95 compared to AvaTrade’s 94.

Demo Account

AvaTrade offers a demo account with virtual funds of $10,000 that can be restored by contacting customer support. The demo account lasts for 21 days. On the other hand, XTB’s demo account offers virtual funds of $100,000 that can be renewed indefinitely and lasts for 30 days.

Account Opening

AvaTrade requires a minimum deposit of $100, while XTB has no minimum deposit requirement. Both brokers offer multiple account types, including standard, Islamic, and professional accounts. AvaTrade also offers a Spread Betting account for UK clients.

Payment methods are similar, with both brokers offering wire transfers, credit/debit cards, and eWallets. AvaTrade offers more account currencies, including USD, EUR, GBP, JPY, AUD, CAD, and ZAR.

Social-Copy Trading

AvaTrade offers social-copy trading via third-party platforms ZuluTrade and DupliTrade, as well as their proprietary platform AvaSocial. XTB, on the other hand, does not offer any social or copy trading features.

Markets

AvaTrade offers a wide range of markets, including 53 forex pairs, 19 commodities, 31 indices, 20 cryptocurrencies, 610+ stocks, 60+ ETFs, and 54+ futures and options. However, AvaTrade only offers CFDs and may be a better fit for short-term traders.

XTB offers 57 forex pairs, 27 commodities, 30 indices, 46 cryptocurrencies, 5000+ stocks, and 500+ ETFs. XTB offers all assets as CFDs, but real stocks and ETFs are also available for EU clients.

Trading Fees

AvaTrade charges fixed spreads, with a starting point of 0.9 pips on forex, which is higher than the market average. XTB charges variable spreads, with a starting point of 0.3 pips on forex, which is below the market average. XTB also offers zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. After this amount, there is a commission of 0.2% (10 EUR minimum).

Platforms

AvaTrade offers several trading platforms, including their proprietary platform available on web, desktop, and mobile, AvaTradeGo mobile app, AvaOptions desktop and mobile app, and MetaTrader 4 and 5 available on web, desktop, and mobile.

XTB offers xStation, their proprietary platform available on web and mobile devices. The platform is user-friendly and intuitive.

Education/Customer Care

Both brokers offer educational materials, including FAQs, blog articles, ebooks, trading videos, and seminars. AvaTrade has a strong offering with a keen eye on beginner traders, while professional traders can avail of in-depth webinars. XTB is also well-equipped with educational materials.

Customer care is easy to contact via phone, email, and live chat for both brokers, with over 25 available languages for AvaTrade and several languages for XTB.

Conclusion

Both brokers have their own strengths and weaknesses. AvaTrade offers a wider range of markets, social-copy trading features, and more account currencies, while XTB offers lower trading fees, a longer demo account duration, and zero-commission real stocks and ETFs for EU clients.

Ultimately, your decision should be based on your trading needs and preferences. If you’re a short-term trader looking for a wider range of markets and social-copy trading features, AvaTrade may be the better choice. However, if you’re a long-term trader looking for lower trading fees and zero-commission real stocks and ETFs, XTB may be the better option. Both brokers offer strong educational materials and excellent customer care, making them both reliable choices for traders.