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Our top alternative brokers to AvaTrade
XM
4.5
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78.04% of retail CFD accounts lose money
XTB
4.7
Visit broker
79% of retail CFD accounts lose money
Our top alternative brokers to AvaTrade
XM
4.5
Visit broker
78.04% of retail CFD accounts lose money
XTB
4.7
Visit broker
79% of retail CFD accounts lose money
AvaTrade Alternatives

The best alternatives to AvaTrade are

  1. XM - Global CFD and forex broker
  2. XTB - Global CFD and forex broker
  3. HYCM - Global CFD and forex broker
  4. ATFX - Global CFD and forex broker

Let's see in a bit more detail how the AvaTrade alternatives compare to AvaTrade and each other:

AvaTrade alternatives comparison
AvaTrade XM XTB HYCM ATFX
Overall score 4.5 4.5 4.7 4.3 4.4
Fees score 3.4 stars 3.8 stars 3.9 stars 4.1 stars 4.3 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Web platform score 3.8 stars 2.8 stars 4.4 stars 2.8 stars 2.8 stars
Markets and products score 2.0 stars 2.5 stars 2.8 stars 2.0 stars 1.5 stars
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72% of retail CFD accounts lose money
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78.04% of retail CFD accounts lose money
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79% of retail CFD accounts lose money
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71% of retail CFD accounts lose money
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73.40% of retail CFD accounts lose money

Why are these brokers considered good alternatives to AvaTrade? There are many areas based on which AvaTrade can be compared with others. When we say a given online broker is a good alternative to AvaTrade we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

AvaTrade alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
  • XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • HYCM is recommended for forex and cfd traders who prefer the metatrader platform
  • ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform

Important factors of finding AvaTrade alternatives

So far BrokerChooser has reviewed 81 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether AvaTrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts AvaTrade charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than AvaTrade.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At AvaTrade this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at AvaTrade, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given AvaTrade alternative is a must.


Now let's dive into the details of how AvaTrade and its alternatives perform in the most important areas!

AvaTrade alternatives
AvaTrade

AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an option to use metatrader platforms

Pros Cons
Easy and fast account opening Only CFDs, forex, and cryptos offered
Free deposit and withdrawal options High inactivity fees
Great research tools Average forex fees

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72% of retail CFD accounts lose money

Fees
3.4

AvaTrade has low CFD and average forex fees. Withdrawals are free of charge, but inactivity fees are quite high.
Pros Cons
No withdrawal fee High inactivity fees
Low CFD fees FX trading fees are average
AvaTrade alternatives trading fees
AvaTrade XM XTB HYCM ATFX
S&P 500 index CFD fee $1.1 $1.7 $1.5 $1.0 $2.1
Europe 50 index CFD fee $0.8 $2.4 $1.8 $0.9 $1.7
EURUSD benchmark fee $10.3 $9.5 $8.5 $7.1 $7.2
GBPUSD benchmark fee $9.2 $8.2 $6.1 $8.2 $5.1

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

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72% of retail CFD accounts lose money

Account opening
5.0

Account opening at AvaTrade is seamless and fully digital. You can start trading literally in minutes.
Pros Cons
Fast None
Fully digital
Low minimum deposit
AvaTrade alternatives minimum deposit and account open times
AvaTrade XM XTB HYCM ATFX
Minimum deposit $100 $5 $0 $100 $500
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about AvaTrade minimum deposit here.

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72% of retail CFD accounts lose money

Deposit and withdrawal
4.5

AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days, and debit card deposits can also be slow.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee
Credit/Debit cards, electronic wallets
AvaTrade and alternatives withdrawal options and fees
AvaTrade XM XTB HYCM ATFX
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes Yes No Yes Yes
Electronic wallets Yes Yes No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

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72% of retail CFD accounts lose money

Web trading platform
3.8

AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited customizability (for charts, workspace)
AvaProtect order type No price alerts
AvaTrade - Web trading platform
AvaTrade and alternatives trading platform scores
AvaTrade XM XTB HYCM ATFX
Web platform score 3.8 stars 2.8 stars 4.4 stars 2.8 stars 2.8 stars
Mobile platform score 4.7 stars 3.8 stars 4.4 stars 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars 4.4 stars 3.4 stars 3.4 stars

Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.

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72% of retail CFD accounts lose money

Markets and products
2.0

AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks, bonds or mutual funds.
AvaTrade and alternatives markets and products
AvaTrade XM XTB HYCM ATFX
Stock No Yes Yes No No
ETF No No Yes No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes

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72% of retail CFD accounts lose money

Verdict

AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.

We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.

As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.

AvaTrade
Summary AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC.
Fees score 3.4 stars
Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

Visit broker More
72% of retail CFD accounts lose money

AvaTrade alternatives
XM

XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening

Pros Cons
Low stock CFD and withdrawal fees Limited product portfolio
Easy and fast account opening Average forex and stock index CFD fees
Great educational tools No investor protection for non-EU clients

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78.04% of retail CFD accounts lose money

Fees
3.8

XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex and stock index fees are only average, and there is a fee for inactivity.
Pros Cons
No withdrawal fee Inactivity fee
Low stock CFD fees Average FX fees
AvaTrade vs. XM: Trading fees
XM AvaTrade
Apple benchmark fee $6.4 $9.0
Vodafone benchmark fee $1.2 $6.0
EURUSD benchmark fee $9.5 $10.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
78.04% of retail CFD accounts lose money

Account opening
5.0

XM account opening is hassle-free and straightforward. You may be able to trade on your account already on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
AvaTrade vs. XM: Minimum deposit, time to open an account
XM AvaTrade
Minimum deposit $5 $100
Time to open account 1 day 1 day

If you are interested more in XM minimum deposit, this overview will help you.

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78.04% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XM's deposit and withdrawal processes are fast and inexpensive, and offer you several options.
Pros Cons
Credit/Debit card available None
Several account base currencies
Free wire withdrawal above $200
AvaTrade vs. XM: Withdrawal options
XM AvaTrade
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
78.04% of retail CFD accounts lose money

Web trading platform
2.8

XM's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of XM, a AvaTrade alternative
AvaTrade vs. XM: Trading platform scores
XM AvaTrade
Web platform score 2.8 stars 3.8 stars
Mobile platform score 3.8 stars 4.7 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about XM's web trading platform in the detailed XM review.

Visit broker
78.04% of retail CFD accounts lose money

Markets and products
2.5

XM provides CFDs and forex for all clients, while real stocks are available only for clients opening their accounts under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
AvaTrade vs. XM: Markets and products
XM AvaTrade
Stock Yes No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No Yes

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78.04% of retail CFD accounts lose money

Verdict

XM is regulated by several authorities globally, including the top-tier ASIC.

On the plus side, we liked the low stock CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.

XM has some drawbacks though. Its product range is limited to FX and CFDs. Its forex and stock index CFD fees are average, and non-EU customers are not covered by any investor protection.

We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

XM
Summary XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Fees score 3.8 stars
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening

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78.04% of retail CFD accounts lose money

AvaTrade alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

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79% of retail CFD accounts lose money

Fees
3.9

XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Free withdrawal for transfers above $100
AvaTrade vs. XTB: Trading fees
XTB AvaTrade
Apple benchmark fee $17.3 $9.0
Vodafone benchmark fee $20.8 $6.0
EURUSD benchmark fee $8.5 $10.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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79% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
AvaTrade vs. XTB: Minimum deposit, time to open an account
XTB AvaTrade
Minimum deposit $0 $100
Time to open account 1 day 1 day

If you are interested more in XTB minimum deposit, this overview will help you.

Visit broker More
79% of retail CFD accounts lose money

Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
AvaTrade vs. XTB: Withdrawal options
XTB AvaTrade
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

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79% of retail CFD accounts lose money

Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a AvaTrade alternative
AvaTrade vs. XTB: Trading platform scores
XTB AvaTrade
Web platform score 4.4 stars 3.8 stars
Mobile platform score 4.4 stars 4.7 stars
Desktop platform score 4.4 stars 3.4 stars

Learn more about XTB's web trading platform in the detailed XTB review.

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79% of retail CFD accounts lose money

Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
AvaTrade vs. XTB: Markets and products
XTB AvaTrade
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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79% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 3.9 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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79% of retail CFD accounts lose money

AvaTrade alternatives
HYCM

HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders who prefer the metatrader platform

Pros Cons
Low forex and CFD fees Only forex and CFD products
Great educational content Trading platforms have outdated design
User-friendly account opening Inactivity fee

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71% of retail CFD accounts lose money

Fees
4.1

HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
Pros Cons
Low forex fees Inactivity fee
Low CFD fees
AvaTrade vs. HYCM: Trading fees
HYCM AvaTrade
Apple benchmark fee $4.7 $9.0
Vodafone benchmark fee - $6.0
EURUSD benchmark fee $7.1 $10.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More
71% of retail CFD accounts lose money

Account opening
5.0

The account opening at HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
Pros Cons
Fast None
Fully digital
Low minimum deposit
AvaTrade vs. HYCM: Minimum deposit, time to open an account
HYCM AvaTrade
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in HYCM minimum deposit, this overview will help you.

Visit broker More
71% of retail CFD accounts lose money

Deposit and withdrawal
4.5

HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
Pros Cons
Credit/Debit card available Average account currency selection
Free withdrawal
No deposit fee
AvaTrade vs. HYCM: Withdrawal options
HYCM AvaTrade
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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71% of retail CFD accounts lose money

Web trading platform
2.8

HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or price alerts and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of HYCM, a AvaTrade alternative
AvaTrade vs. HYCM: Trading platform scores
HYCM AvaTrade
Web platform score 2.8 stars 3.8 stars
Mobile platform score 3.8 stars 4.7 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about HYCM's web trading platform in the detailed HYCM review.

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71% of retail CFD accounts lose money

Markets and products
2.0

At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
AvaTrade vs. HYCM: Markets and products
HYCM AvaTrade
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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71% of retail CFD accounts lose money

Verdict

HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.

On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.

On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.

We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

HYCM
Summary HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.
Fees score 4.1 stars
Recommended for Forex and CFD traders who prefer the MetaTrader platform

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71% of retail CFD accounts lose money

AvaTrade alternatives
ATFX

ATFX has taken the decision to cease providing services to elective professional and retail clients with immediate effect. It is therefore unable to accept any applications. Services to per se professional clients (e.g. financial institutions) will not be impacted. As you cannot open an account at ATFX anymore try our broker finder tool to discover the broker most suitable to your needs or check the lists of the best CFD or forex brokers in 2021.

ATFX is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. ATFX has four legal entities, each with different regulations and services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.40% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders familiar with the metatrader 4 trading platform

Pros Cons
Low forex fees Limited product portfolio
Fast and easy account opening Slow email support
Free deposit and withdrawal options No fundamental data

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73.40% of retail CFD accounts lose money

Fees
4.3

ATFX has low forex fees, as well as no inactivity and withdrawal fees.
Pros Cons
Low forex fees None
No withdrawal fee
No inactivity fee
AvaTrade vs. ATFX: Trading fees
ATFX AvaTrade
Apple benchmark fee $8.3 $9.0
Vodafone benchmark fee - $6.0
EURUSD benchmark fee $7.2 $10.3

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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73.40% of retail CFD accounts lose money

Account opening
5.0

ATFX has a user-friendly and fully digital account opening process, usually taking no more than a day. On the flip side, the minimum deposit is high for non-Standard accounts.
Pros Cons
Fast High minimum deposit for accounts other than 'Standard'
Fully digital
User-friendly
AvaTrade vs. ATFX: Minimum deposit, time to open an account
ATFX AvaTrade
Minimum deposit $500 $100
Time to open account 1 day 1 day

If you are interested more in ATFX minimum deposit, this overview will help you.

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73.40% of retail CFD accounts lose money

Deposit and withdrawal
4.5

ATFX offers free and fast deposit and withdrawal. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets.
Pros Cons
Credit/Debit card available A limited number of available base currencies
Free withdrawal
No deposit fee
AvaTrade vs. ATFX: Withdrawal options
ATFX AvaTrade
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

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73.40% of retail CFD accounts lose money

Web trading platform
2.8

The ATFX web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report, but it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of ATFX, a AvaTrade alternative
AvaTrade vs. ATFX: Trading platform scores
ATFX AvaTrade
Web platform score 2.8 stars 3.8 stars
Mobile platform score 3.8 stars 4.7 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about ATFX's web trading platform in the detailed ATFX review.

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73.40% of retail CFD accounts lose money

Markets and products
1.5

ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
AvaTrade vs. ATFX: Markets and products
ATFX AvaTrade
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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73.40% of retail CFD accounts lose money

Verdict

ATFX is regulated by several financial authorities globally, including the top-tier FCA.

On the plus side, ATFX has low forex fees. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge.

ATFX  has some drawbacks, though. The product range is limited to FX, CFDs, and cryptos. Email support can be slow, and fundamental data research is missing.

As trading fees are low and you can use a demo account, feel free to try ATFX.

ATFX
Summary ATFX is the forex/CFD brokerage arm of global financial group AT Group. It is regulated by several financial authorities globally, such as the UK FCA or CySEC of Cyprus.
Fees score 4.3 stars
Recommended for Forex and CFD traders familiar with the MetaTrader 4 trading platform

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73.40% of retail CFD accounts lose money

AvaTrade alternatives
Bottom line

Based on our analysis, there are several good alternatives to AvaTrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.

AvaTrade alternatives
Broker Info Recommended for
AvaTrade Global CFD and forex broker Forex and CFD traders looking for an option to use MetaTrader platforms
XM Global CFD and forex broker Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
HYCM Global CFD and forex broker Forex and CFD traders who prefer the MetaTrader platform
ATFX Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader 4 trading platform

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Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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