XM vs. AvaTrade

Page Summary

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. 

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XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

AVAtrade logo

AVAtrade

Open account Read review

71% of retail CFD accounts lose money

BROKER COMPARISON

XM logo
AVAtrade logo

Overall rating

4,1/5

4,9/5

Overall rating

4,1/5

4,9/5

Trading Platform & Tools

3.9

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:888 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.1

4.9

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 $50 after every 3 months and $100 after every 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.6 pips 0.9
Stocks & ETF 0,1% – (min $5) 0
CFD (Gold) 3 pips 3.4
Crypto 0.35%
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.0

4.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

4.9

See details
Minimum deposit (in UAE) $5 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.8

4.9

See details
Shares 100 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 55 55
CFD Indices & Funds 14 91
CFD Stocks 1286 612
CFD Commodities 14 18
CFD Crypto 5 20
CFD Bonds 0 2
Binary Options 0 44
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.8

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Top findings from the XM Group vs. AvaTrade review:  

  1. XM Group offers access to a reliable learning center. 
  2. AvaTrade offers excellent learning tools and straightforward platforms. 
  3. 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

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