Home Brokers comparison Top forex brokers in 2020: XM Group or AvaTrade?

Top forex brokers in 2020: XM Group or AvaTrade?

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XM Group or AvaTrade: Which is best in 2020? Both AvaTrade and XM Group come with their advantages. After comparing the top forex brokers over several months, we can recommend XM Group as the better choice for most traders. However, even though XM Group gives you access to the entire MetaTrader platform, along with 1300 tradable financial instruments, it struggles to deliver the same quality and experience in each service category as other brokers in this industry. You can read the full AVAtrade review here or the XM Review here.

All trading involves risk. More than 70% of investors lose money in Forex and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.


avatrade-logo
XM-logo


High Bonuses, Now With Low Spreads!



Overall Rating

Feature

AvaTrade

XM Group

Overall

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️


AvaTrade Review

XM Group Review


71% of retail CFD accounts lose money

73.57% of retail CFD accounts lose money

Regulation

Feature

AvaTrade

XM Group

Trust Score

93

81

Year Founded

2006

2009

Publicly Traded (Listed)

🚫

🚫

Bank

🚫

🚫

Tier-1 Licenses

3

2

Tier-2 Licenses

3

1

Tier-3 Licenses

3

0

Authorized in the European Union

All trading involves risk. More than 70% of investors lose money in Forex and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Tier-1 Licenses

Feature

AvaTrade

XM Group

ASIC Authorized (Australia)

IIROC Authorized (Canada)

🚫

SFC Authorized (Hong Kong)

🚫

🚫

FSA Authorized (Japan)

🚫

MAS Authorized (Singapore)

🚫

🚫

FINMA Authorized (Switzerland)

🚫

🚫

FCA Authorized (UK)

🚫

CFTC Registered (USA)

🚫

🚫

Investments

Feature

AvaTrade

XM Group

Forex: Spot Trading

Social Trading / Copy-Trading

Currency Pairs (Total Forex pairs)

60

57

CFDs - Total Offered

681

1247

Cryptocurrency traded as actual

🚫

🚫

Cryptocurrency traded as CFD

🚫

Offering of Investments

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner


Cost

Feature

AvaTrade

XM Group

Average Spread EUR/USD - Standard

0.92 (as of Mar 2020)

1.6 (Mar 2020)

All-in Cost EUR/USD - Active

0.62 (Mar 2020)

0.8

Active Trader or VIP Discounts

🚫

Commissions & Fees

⭐️⭐️⭐️⭐️

⭐️⭐️⭐️

Winner



Funding

Feature

AvaTrade

XM Group

Minimum Initial Deposit

$100

$5-100

Bank Wire (Deposit/Withdraw)

Visa/Mastercard (Credit/Debit)

🚫

PayPal (Deposit/Withdraw)

🚫

Skrill (Deposit/Withdraw)

Trading Platforms

Feature

AvaTrade

XM Group

Proprietary Platform

🚫

Desktop Platform (Windows)

Web Platform

Social Trading / Copy-Trading

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)


cTrader

🚫

🚫

Trading Tools

Feature

AvaTrade

XM Group

Virtual Trading (Demo)

Alerts - Basic Fields

Watchlists - Total Fields

0

(MT4/MT5)

Charting - Indicators / Studies (Total)

23

(MT4/MT5)

Charting - Drawing Tools (Total)

31

(MT4/MT5)

Charting - Trade From Chart


Charting - Drawings Autosave


Order Type - Trailing Stop



Platform & Tools

⭐️⭐️⭐️

⭐️⭐️⭐️

Winner



Mobile Trading

Feature

AvaTrade

XM Group

Android App

Apple iOS App

Trading - Forex

Trading - CFDs

Alerts - Basic Fields

🚫

Watch List

🚫

Watch List Syncing

🚫

Charting - Indicators / Studies

93

(MT4/MT5)

Charting - Draw Trend Lines

🚫

Charting - Trend Lines Moveable


🚫

Charting - Multiple Time Frames


Charting - Drawings Autosave

🚫

🚫

Forex Calendar

🚫

🚫

Mobile Trading

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner


Research

Feature

AvaTrade

XM Group

Daily Market Commentary

Forex News (Top-Tier Sources)

🚫

Weekly Webinars

🚫

AutoChartist

Trading Central (Recognia)

🚫

🚫

Delkos Research

🚫

🚫

Social Sentiment - Currency Pairs

🚫

Economic Calendar

Research

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner


Education

Feature

AvaTrade

XM Group

Has Education - Forex

🚫

Has Education - CFDs

🚫

🚫

Client Webinars

🚫

Client Webinars (Archived)

🚫

Videos - Beginner Trading Videos

Videos - Advanced Trading Videos

Investor Dictionary (Glossary)

🚫

Education

⭐️⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner


Major Forex Pairs

Feature

AvaTrade

XM Group

GBP/USD

USD/JPY

EUR/USD

USD/CHF

USD/CAD

NZD/USD

AUD/USD

Overall

Feature

AvaTrade

XM Group


AvaTrade Review

XM Group Review

Overall

⭐️⭐️⭐️

⭐️⭐️⭐️⭐️

Winner


We took the time to thoroughly analyze and compare the top forex brokers so that we help you choose the best broker for your situation. So, after comparing 30 forex and CFD brokerages, we came up with the following comparison between XM forex and AvaTrade.

Price differences between XM Group and AvaTrade

Keep in mind that trading costs are challenging to establish due to the particularities of both forex and CFDs. As such, you can easily observe that each broker has a different approach, and not all will share the average spreads data or pricing structures. But after we compared both forex brokers, we concluded that AvaTrade offers the best price for most traders.

Safety concerns for forex and CFDs trading with XM Group and AvaTrade

Since we’re committed to sharing accurate information, we carefully examined several international databases for regulatory information on every forex and CFD broker in our review. From that research, we discovered that AvaTrade has three global Tier-1 licenses, and XM Group comes with two. AvaTrade has three global Tier-2 licenses, and XM Group only has one. As such, the trust score for AvaTrade is 93.00, while XM Group is rated at only 81.00.

What to choose: XM Group or AvaTrade?

We analyzed and tested each trading tool, along with research characteristics and mobile capabilities. We concluded that if you require a professional trading tool, XM Group might be the better choice for you. Our reasoning was based on the fact that XM Group offers essential market research that AvaTrade does not. Also, XM Group has one of the most reliable mobile trading apps in 2020.

Are these forex brokers suitable for MetaTrader and copy trading?

The most commonly used platform for forex and CFDs is MetaTrader, and many traders often use copy trading as part of their trading strategy. Luckily, both AvaTrade and XM Group offer copy trading and access to MetaTrader 4.

Which forex pairs and CFDs are available with XM Group and AvaTrade?

AvaTrade gives you access to 60 currency pairs (e.g., USD/EUR) while XM Group has only 57. As far as CFDs available, AvaTrade only offers 681 CFDs, while XM Group provides 1247 CFDs. That’s a difference of more than 566.

Final Verdict

Hence, when it comes to selecting between AvaTrade and XM Group, we recommend XM Group as your next forex broker.

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