AvaTrade vs XM
Should you choose AvaTrade or XM? Our comprehensive comparison will help you identify which broker is the best match for your trading style.
AvaTrade and XM are both reputable brokers with their unique strengths and weaknesses. AvaTrade stands out for its robust regulatory framework, offering licenses from top-tier bodies and a strong track record. It provides a simple account structure which is excellent for beginners, although it lacks account variety for different trading styles. XM, on the other hand, provides diverse account types and strong educational resources, making it appealing to a broad range of traders. However, its lack of a proprietary platform might deter those seeking a more personalized experience.
In terms of market offerings, AvaTrade provides a comprehensive selection, including futures trading and a wide array of educational tools. XM supports more limited asset classes but compensates with competitive fees and unique instruments like thematic indices. AvaTrade’s fee structure is straightforward with no commissions but higher spreads. XM offers tight spreads, especially with its Zero account, suited to active traders. Both brokers have strong customer support, with AvaTrade accessible via multiple channels and XM offering support in multiple languages.
Regarding platforms, AvaTrade excels with its user-friendly WebTrader and popular MetaTrader suites, available for desktop and mobile. XM also offers MetaTrader 4 and 5 but lacks AvaTrade’s breadth of trading tools. Both brokers provide credible research and educational tools, although XM excels with its comprehensive educational resources aimed at beginners.
Regulation & Trust
AvaTrade earns a high trust score due to its multiple licenses from top-tier regulators like ASIC and CySEC. It has 15+ years in the industry and transparency in its trading conditions. XM also scores well with several regulatory licenses. It provides negative balance protection and segregates client funds, but lacks financial disclosure as it’s privately owned.
Accounts & Banking
AvaTrade offers a single account with a $100 minimum deposit, suitable for new traders. It also provides a premium membership with benefits for higher deposit levels. XM allows for multiple accounts, including Ultra Low Micro, Ultra Low, and Zero Accounts. The minimum deposit is as low as $5, catering to traders of different experiences.
Deposits & Withdrawals
AvaTrade has a no-fee policy for deposits and withdrawals, with a variety of payment options. XM has similar deposit convenience and offers a $5 minimum deposit but may have fees on certain withdrawal methods.
Assets & Markets
AvaTrade offers over 1,250 instruments, with strong futures options and diverse ETFs. XM offers 1,000+ instruments, focusing on forex, stocks, and indices, though it lacks bonds or ETFs. XM is more limited in cryptocurrency offerings.
Fees & Costs
AvaTrade provides spread-only pricing, with slightly larger spreads due to its market-maker model. XM offers competitive spreads, especially on its Zero account but has fees on inactivity. XM’s fee structure makes it appealing for active trading.
Platforms & Tools
AvaTrade supports various robust platforms like WebTrader and MetaTrader, with a beginner-friendly interface. XM supports MetaTrader 4 and 5 with a proprietary mobile app, lacking AvaTrade’s comprehensive tool offerings.
Research
AvaTrade provides excellent research tools via its Discovery tab, with market signals and news. XM also offers solid research with market analysis updates and third-party insights from Trading Central.
Education
AvaTrade has an excellent education center with tutorials and strategy guides. XM offers webinars and detailed tutorials, great for building beginner trader knowledge.
Customer Support
AvaTrade provides 24/5 multilingual support with fast response times. XM also offers global support through live chat, email, with 25 language options.
Is AvaTrade or XM Better For Beginners?
XM is more beginner-friendly due to its low minimum deposit of $5 and ample educational resources. It offers multiple account types and demo accounts for practice, plus lower minimum trading amounts. AvaTrade, however, also serves beginners with a user-friendly interface and strong educational tools.
Is AvaTrade or XM Better For Experienced Traders?
AvaTrade is better for experienced traders who need advanced platforms like MT4 and MT5 and access to futures. It offers a wide range of sophisticated research tools. XM caters to experienced traders with competitive fees and the Zero account’s raw spreads appealing to active trading strategies.
Why Pick AvaTrade Over XM?
Choose AvaTrade for a comprehensive range of trading tools and platforms, robust regulation, and a user-friendly interface. It offers a wide variety of CFDs, including futures, and strong risk management tools like AvaProtect, making it a solid choice for strategic trading.
Why Pick XM Over AvaTrade?
Select XM for its versatile account types and competitive spreads, particularly in the XM Zero account. It provides extensive educational resources, multiple support languages, and a strong focus on forex. The low minimum deposit and quick account setup are also advantageous for new traders.
AvaTrade vs XM Details
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AvaTrade
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XM
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Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience. | XM is a well-known forex and CFD broker with over 10 million clients in more than 190 countries. Since 2009, this reliable broker has provided low trading fees on over 1000 instruments. It is highly regulated by bodies such as ASIC and CySEC and offers a complete MetaTrader experience. | |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $300$100 | $5 |
| Trading Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | MT4, MT5, TradingCentral |
| Payment Methods | Boleto, Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Neteller, Perfect Money, Skrill, Swift, WebMoney, Wire Transfer | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM | ASIC, CySEC, DFSA, IFSC |
| Account Currencies | USD, EUR, GBP, CAD, AUD | USD, EUR, GBP, JPY |
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| Platforms Rating | ||
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| Mobile Apps | iOS & Android | iOS, Android & Windows |
| App Review | AvaTradeGO provides a thorough mobile trading experience with an intuitive and user-friendly interface. This app allows rapid access to numerous markets like forex, stocks, indices, commodities, ETFs, and bonds. AvaTradeGO stands out due to its AvaProtect™ feature, providing a unique risk protection level hardly seen in other platforms. | XM offers a mobile app for Android and iOS, optimized for each platform to maximize functionality. The app provides MT4 and MT5 software, granting full access to over 1,000 instruments. It stands out for its reliability with minimal glitches and delays. The built-in news, trading journal, and push notifications provide all the tools needed for trading on the go. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 2% | 0.2% |
| Account Types | STP, DMA, MAM, PAMM | STP |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✓ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | AvaTrade is highly regarded for its social and copy trading tools. Traders have access to their in-house AvaSocial app and widely-used platforms like DupliTrade and ZuluTrade. It offers detailed performance metrics for you to select the best strategy provider to match your objectives and risk tolerance. | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✓ | ✓ |
| VPS Hosting | ✗ | ✓ |
| Tournaments | ✗ | ✓ |
| Demo Competitions | ✗ | ✓ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $50 | $5 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
AvaTrade offers over 1250+ leveraged CFD products in various asset classes, such as stocks, indices, commodities, bonds, crypto, and ETFs. You can trade on both rising and falling prices using the broker’s advanced web and mobile platforms, which include top research tools for finding short-term trading opportunities. | XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | |
| Leverage | 1:30 (Retail) 1:400 (Pro) | 1:10001:30 |
| FTSE Spread | 0.5 | 1.4 |
| GBPUSD Spread | 1.5 | 0.8 |
| Oil Spread | 0.02 | 0.03 |
| Stocks Spread | 0.13 | 0.002 |
Forex Trading | ||
AvaTrade offers over 50 currency pairs with tight spreads starting from 0.9 pips and no commissions. Trade major, minor, and exotic currencies 24/5 on top forex platforms, such as MT4, with advanced charting tools and forex education to enhance your skills, including a dedicated 'Currency Trading' guide. | XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | |
| GBPUSD Spread | 1.5 | 0.8 |
| EURUSD Spread | 0.9 | 0.8 |
| EURGBP Spread | 1.5 | 1.5 |
| Assets | 50+ | 55+ |
| Currency Indices | USD | USD |
Cryptocurrency | ||
Regulated on five continents, AvaTrade provides secure access to crypto markets. It offers a variety of digital currencies like Bitcoin, Ethereum, and Ripple, and a crypto index for diversification. Competitive crypto spreads and 1:2 leverage are available on its three platforms. | XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | |
| Spread | BTC <1%, ETH 2% | Variable |
| Coins | BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH | BTC, ETH, LTC, XRP, BCH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |
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