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 Name||XM Group||AvaTrade|
|Regulation||ASIC, FCA, CySEC, IFSC||ASIC, ADGM, CySEC, ISA|
|Tradable Assets||Forex, CFD||Stock CFDs, Forex, Indices CFDs, ETF CFDs, Commodities, Crypto|
|Platforms||MT4, MT5||iOS, Android, Windows, and MacOS|
|Deposit||Free of charge||Free of charge|
|Withdrawals||Free of charge||Free of charge|
Top findings from the XM Group vs. AvaTrade review:
- XM Group offers access to a reliable learning center.
- AvaTrade offers excellent learning tools and straightforward platforms.
- 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.
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.
XM offers 57 forex currency pairs, while AvaTrade has 55 available pairs. XM has 1372 CFDs, while AvaTrade has 722 available CFDs.
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 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.
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:
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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.