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AvaTrade is a leading Forex broker with hundreds of thousands of traders registered on its platform. FXTM or Forex Time brokerage company is Europe’s leading broker in online Forex trading. These two brokers share many similarities but they differ greatly by nature, as well as according to the trading environment that they offer. AvaTrade has over 1000 financial instruments available to trade including currency pairs, stocks, indices, ETFs, FX options, cryptocurrencies, bonds, and commodities. Whereas FXTM has around 250 trading assets within its portfolio of financial instruments including currency pairs, commodities, indices, metals, stocks, and CFDs.
Both brokers provide great educational resources for their clients. Therefore, beginner Forex traders can take their time to learn how to trade with FXTM or AvaTrade on a demo account offered by the brokers. They also have a possibility to choose among numerous payment methods to make their first deposit and withdraw profits including the most popular payment solutions like Skrill, Neteller, M-Pesa, or PayPal in certain jurisdictions. The leverage levels are also flexible with these two brokers. With FXTM the maximum leverage that Forex traders can get is 1:2000, 1:1000 for majors, and 1:500 for minor currency pairs. AvaTrade has a limit to maximum leverage of 1:400.
FXTM and AvaTrade are highly regulated and licensed brokers. They hold authorizations to operate in multiple jurisdictions around the globe. However, they still have some restrictions in several countries. FXTM does not provide services to traders from the following countries: the United States, Japan, Canada, Puerto Rico, Brazil, Hong Kong, and a few more. AvaTrade restricts its operations in the following countries: the United States, Iran, New Zealand, Turkey, Syria, Sudan, and North Korea.
Our broker comparison review of AvaTrade vs FXTM will compare the services offered by these brokers, their respective trading fees, trading platforms, regulatory framework, and promotional campaigns.
AvaTrade | FXTM | |
Rating | ||
Min. Deposit | 100 USD | 50 USD |
Max. Leverage | 1:400 | 1:200 |
Regulations | ASIC, CySEC, FSA, FFAJ, FSCA, ISA, FRSA, CBI, B.V.I FSA | FCA, CySEC, FSCM |
Trading Platforms | MT4, MT5, ZuluTrade, DupliTrade, AvaTrade GO, AvaSocial | MT4, MT5 |
Bonuses | Referral Program | 30 USD no deposit |
Start trading on AvaTrade Standard account
If you are looking for ultra-tight spreads then you should choose the FXTM Advantage account. The spreads on Advantage account type start from 0.0 pips on Forex currency pairs. However, this account comes with the commission charges, as well. The commission payable for Advantage account holders is on average 0.40-2 US dollars based on the trading volume. The two other accounts, Micro and Advantage Plus offer spreads from 1.5 pips. Micro and Advantage Plus accounts are non-commissionable. Furthermore, we have to mention that all of these accounts are swap-free, meaning that there are no rollover fees on overnight positions with FXTM. Additionally, these accounts come with different leverage limits. The Micro account limits leverage up to fixed 1:1000 on Forex and fixed 1:500 on Metals. Whereas Advantage and Advantage Plus provide floating leverage up to 1:2000.
AvaTrade has lower costs compared to FXTM on the Standard trading account type. The spreads on the Standard account start at 0.6 pips on the popular currency pairs such as EUR/USD. There are no commissions payable for this account type. In addition, new account holders receive an exclusive education pack including the daily fundamental and technical analysis videos, eBooks, webinars, and a plethora of educational articles. Furthermore, traders can upgrade to Professional trading accounts by demonstrating sufficient trading activity in the last 12 months and having a financial instrument portfolio of over 500,000 EUR including cash saving. Professional trading accounts provide numerous benefits that could be found on the official website of the AvaTrade broker.
AvaTrade | FXTM | |
CFD | ✓ | ✓ |
Commodities | ✓ | ✓ |
Precious Metals | ✓ | ✓ |
Energies | ✓ | ✓ |
Stocks | ✓ | ✓ |
Indices | ✓ | ✓ |
Cryptocurrencies | ✓ | ✓ |
Bonds | ✓ | - |
ETFs | ✓ | - |
FXTM provides MetaTrader 5 software only for two accounts. The software is accessible from Advantage and Advantage Plus trading account types. Micro account holders at FXTM can only use MetaTrader 4 platform. On the other hand, AvaTrade has no such restrictions. All users can access numerous platforms supported by the broker. Apart from MetaTrader 4 and MetaTrader 4, AvaTrade also supports automated trading tools like ZuluTrade and DupliTrade which are two leading platforms for copy trading. Furthermore, traders can access unique and innovative platforms of the broker – AvaSocial and AvaTrade GO.
On the AvaTrade GO trading app, users have an incredible opportunity to use AvaProtect, which is a unique concept developed by the broker. AvaProtect provides up to one million dollars protection for the traders. It is a new risk-reduction tool. The tool protects specific trades against losses up to one million dollars in a chosen time frame. There is a tiny hedging cost for the use of the service. AvaProtect can easily be activated on the AvaTrade GO mobile trading platform.
Secure your funds with AvaProtect up to 1,000,000 USD
AvaTrade has a really extensive list of the licenses and authorizations from the top-tier financial authorities. The list includes:
Register with multi-regulated AvaTrade broker
FXTM runs a ‘get to know FXTM’ 30 USD bonus program. This is a one-time bonus and is credited within 24 working hours on the client’s account. The users then need to trade a minimum of 3 lots within 30 days from the start of the promotion. However, the positions have to be opened for more than 5 minutes to be eligible for the promotion. Moreover, the traders should not withdraw any funds during the promotion period. The bonus applies to Forex, precious metals, and commodities futures only. Also, it is applicable to the MetaTrader Standard account.
AvaTrade | XTB | |
Pros | - low trading cost | - low deposit requirement |
- diverse portfolio | - 30 USD no deposit bonus | |
- mutiple regulations | - variety of accounts | |
Cons | - no bonuses | - one account type |
- one account type | - limited choice of platforms | |
- restricted leverage | - geographic restrictions |
Even though both FXTM and AvaTrade are highly regulated, popular, and respected Forex brokers we have to choose the better one among the pair. After reviewing AvaTrade vs FXTM spreads, leverages, trading platforms, bonuses, and safety measures our favorite is AvaTrade. This broker is regulated by nine different market regulators all of which are renowned as the best authorities in financial markets. It offers thousands of various financial instruments with competitive conditions, no commissions, and flexible leverage. Additionally, AvaTrade supports numerous platforms be it an all-time favorite MetaTrader 4 and 5 or recent additions to the automated trading world – ZuluTrade, DupliTrade, and AvaSocial.
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