Home Brokers Comparison XM Group vs. AvaTrade

XM Group vs. AvaTrade

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XM Group and AvaTrade are trustworthy online brokers. XM Group is a MetaTrader-only broker with straightforward platforms and tools. It has top-tier regulations from the ASIC, CySEC, FCA, and IFSC. XM offers leading educational content and market research. It is a top choice for beginner traders who want to improve their trading skills and knowledge. 

AvaTrade is a secure online broker with competitive trading fees. It offers many educational and research tools, including free courses. AvaTrade has top-tier licenses from the ASIC, FSA, and IIROC. We recommend it for new traders, as it has user-friendly platforms. 

Both online brokers have advantages and disadvantages. This article discusses the differences between XM Group and AvaTrade. 

Broker NameXM GroupAvaTrade
Year Founded20092006
RegulationASIC, FCA, CySEC, IFSCASIC, ADGM, CySEC, ISA
Tradable AssetsForex, CFDStock CFDs, Forex, Indices CFDs, ETF CFDs, Commodities, Crypto
Min Deposit$5-100$100
Min Trade$0$100
PlatformsMT4, MT5iOS, Android, Windows, and MacOS
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. AvaTrade review:  

  1. XM Group offers access to a reliable learning center. 
  1. AvaTrade offers excellent learning tools and straightforward platforms. 
  1. Both brokers offer a virtual trading account to test their offering. 

XM and AvaTrade are leading online brokers with beginner-friendly services. Both provide access to premium learning tools, which is why we recommend these brokers for beginners. 

Level of experience  

XM Group has the full MetaTrader suite. It offers investor trading support and a demo account. This broker is a top choice for new traders as it offers a comprehensive learning center. 

AvaTrade has trading platforms created for traders of all levels of experience and skills. It has a beginner-friendly proprietary platform with valuable learning tools. 

Fees  

The minimum deposit fee at XM ranges between $5 and $100, depending on the funding method you opt for. The minimum deposit at AvaTrade is $100. The average EUR/USD at XM is 1.6, while at AvaTrade is 0.91. 

Assets  

XM offers 57 forex currency pairs, while AvaTrade has 55 available pairs. XM has 1372 CFDs, while AvaTrade has 722 available CFDs. 

Trading platform  

XM offers the MT4 and MT5 suites, but it doesn’t provide a proprietary platform. These suites are customizable, user-friendly, and intuitive. XM has an excellent research center with articles and charting. This broker provides access to diverse educational content, including trading videos. 

AvaTrade has a user-friendly web, desktop, and mobile platform. It offers the MetaTrader suite and social trading tools. Each platform offers access to reliable market data and research tools. 

Banking services  

Banking services represent a key component of online trading. AvaTrade has many funding options, including bank wire, credit/debit cards, PayPal and Skrill. XM offers bank wire, credit/debit cards, and Skrill. 

Final verdict  

XM Group and AvaTrade are trustworthy online brokers with beginner-friendly services. Both brokers have advantages and disadvantages, depending on your trading experience and goals. XM and AvaTrade offer excellent services for beginner traders, including dedicated learning centers. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet 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.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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