Table of contents
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.
|Min. Deposit||100 USD||50 USD|
|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|
Most Forex brokers will have mixed fee structures providing commissionable trading in certain circumstances while keeping commissions out for some specific cases. The same applies to FXTM broker. Usually, the brokers will charge commissions on highly beneficial trading account types. FXTM has three account types out of which only one is charged with commissions. AvaTrade on the other hand has a single account type – Standard account, which operates commission-free. However, the clients of AvaTrade have an opportunity to upgrade to a Professional trading account as they gain more experience with the broker. The FXTM minimum deposit starts from 50 USD on the Micro account, 500 USD on the Advantage account type, and 500 USD for the Advantage Plus account. AvaTrade minimum deposit requirement is 100 US dollars on a 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.
Both AvaTrade and FXTM provide convenient trading platforms. Primarily, they support MetaTrader software on their websites. The MetaTrader platforms are highly renowned as the best trading software for trading Forex and for multi-asset trading, as well. Both AvaTrade and FXTM support MetaTrader 4 and MetaTrader 5 along with numerous modifications for more simplicity. For instance, both brokers offer web versions of the original platforms that are WebTrader terminals operating through any browser on a PC. Furthermore, they have included mobile trading options on their platforms. The mobile trading apps are compatible with both IOS and Android systems.
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.
FXTM and AvaTrade are highly regulated brokers with a strong legal background. Both brokers hold numerous licenses from the very best regulatory authorities in different jurisdictions. Since they are authorized in several regions they can serve clients globally from almost any corner of the world. FXTM is regulated by the Cyprus Securities and Exchange Commission (CySEC) with the respective license number 185/12. The broker also holds authorization from the Financial Sector Conduct Authority (FSCA) in South Africa with the FSP number 46614 and the Financial Conduct Authority of the United Kingdom (license number 600475). There is an additional regulator that authorized Exinity Limited which is a brand name of the same parent company of the FXTM (forextime.com) – the Financial Services Commission of the Republic of Mauritius with the license number C113012295.
AvaTrade has a really extensive list of the licenses and authorizations from the top-tier financial authorities. The list includes:
Both AvaTrade and FXTM provide promotional campaigns. However, they are very different from each other. Due to multiple regulatory restrictions, AvaTrade is not able to provide bonus schemes. Most of the market regulators ban bonus offerings in the Forex industry, especially in the European Union region. Therefore, AvaTrade instead offers a generous ‘refer a friend’ campaign, which is a referral program. The program terms are simple. You have to refer a friend and your friend has to register with AvaTrade, deposit at least 500 USD and make ten trades. Afterward, you receive a 50 USD referral bonus. As the deposit of your referral increases so does your bonus. Your bonus could reach 250 USD if the deposit exceeds 20,000 USD.
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.
|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.
Subscribe to receive updates about FX bonuses
Be the first one to find out about available Forex trading bonuses that can be trusted