Avatrade vs Exness

4.9

AvaTrade Review

4.6

Exness Review

AvaTrade and Exness are two well-regarded brokers, each with unique strengths and features. AvaTrade scores high trust with seven regulatory licenses, transparent trading conditions, and over 15 years of experience. Exness, on the other hand, operates under multiple regulators but recently lost retail licenses from central bodies like CySEC and FCA.

In terms of account offerings, AvaTrade keeps things simple with a single retail account, whereas Exness provides diverse account options catering to both new and experienced traders. AvaTrade’s platforms like MT4, MT5, WebTrader, and mobile app are highly praised for usability; Exness also offers MT4/MT5 but emphasizes its proprietary Exness Terminal for simplicity.

AvaTrade offers a wider range of educational tools and better customer support accessible through various channels, unlike Exness, which lacks comprehensive educational resources but excels in 24/7 multilingual support.

In cost structure, AvaTrade offers spread-only pricing, while Exness is known for low or zero spreads, particularly on its Raw Spread accounts. Both offer demo accounts, yet AvaTrade provides an untimed trial, which could be more beneficial for learning and practice.

Regulation & Trust

AvaTrade is heavily regulated with licenses from tier-one bodies like ASIC and CySEC, solidifying its reputation with over 15 years of industry awards. Exness, too, is regulated in several regions but lacks authorization to offer retail trading with CySEC and FCA.

Accounts & Banking

AvaTrade offers a simple account structure, ideal for beginners, with a low $100 minimum deposit, while Exness provides various account types to suit different trading styles with a minimum deposit as low as $10. Both offer swap-free options, but Exness offers over 40 currency options.

Deposits & Withdrawals

Both brokers offer quick deposits and withdrawals with no fees for most methods. AvaTrade provides more traditional methods like credit/debit cards, as well as e-wallets. Exness has the advantage of offering cryptocurrency transactions.

Assets & Markets

AvaTrade provides access to 1,250+ instruments, including CFDs and exciting offerings such as AvaFutures, despite trailing behind competitors like CMC Markets. Meanwhile, Exness offers an extensive range of over 100 currency pairs but lacks in diversity with stocks and has no options or bonds.

Fees & Costs

AvaTrade works on a spread-only fee model while having higher spreads due to its dealing desk model. Exness offers tight spreads, particularly on its Raw Spread accounts, and has no inactivity fees, making it attractive to high-frequency traders.

Platforms & Tools

AvaTrade supports MT4, MT5, WebTrader, and AvaTradeGO, making it versatile for different trader experience levels. Exness also leverages MT4 and MT5 but promotes its Exness Terminal for a more straightforward experience. Avalimited’s copy trading platform, while Exness’s version isn’t as detailed.

Research

AvaTrade shines with excellent research tools embedded into its platforms, while Exness provides an economic calendar and third-party news, lacking in-house analysis.

Education

AvaTrade offers comprehensive educational content with tutorials, eBooks, and a robust trading education center, favoring beginners. Exness’s educational offerings pales by comparison, missing core learning tools like webinars and structured courses.

Customer Support

Both brokers provide efficient customer support, though AvaTrade networks with clients worldwide offering multiple communication channels while Exness stands out with 24/7 support.

Is AvaTrade or Exness Better For Beginners?

AvaTrade is ideal for beginners due to low starting costs, straightforward pricing, rich educational material, and easy-to-navigate platforms. The feature of a time-unlimited demo account and access to copy trading tools further enhances its beginner appeal.

Is AvaTrade or Exness Better For Experienced Traders?

Experienced traders may lean toward Exness, notably due to its variety of account types, low-spread options, and 2000:1 leverage. The lack of inactivity fees and instant withdrawals also make Exness a suitable choice for active and high-frequency traders.

Why Pick AvaTrade Over Exness?

Choose AvaTrade if you prioritize a well-rounded platform with solid educational materials, comprehensive regulation under major bodies, and beginner-friendly features. AvaTrade’s platforms and risk management tools like AvaProtect add to its appeal.

Why Pick Exness Over AvaTrade?

Exness is a compelling choice for those focused on trading currency pairs or looking for lower trading costs owing to its tight spreads and no deposit/withdrawal fees. Its extensive currency options and high-leverage accounts are attractive for traders comfortable with risk.