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
AVAtrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 400:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $50 quaterly after 3 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 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
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.
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