AvaTrade Alternatives

The best alternatives to AvaTrade are

1. XM - Global CFD and FX broker
2. Plus500 - Global CFD and FX broker
3. Markets.com - Global CFD and FX broker
4. XTB - Global CFD and FX broker

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

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 metatrader 4 platform
• XM is recommended for forex and cfd traders looking for metatrader platforms and low trading fees
• Plus500 is recommended for experienced traders looking for an easy-to-use platform, with great user experience.
• Markets.com is recommended for traders wanting to venture in cfd trading
• XTB is recommended for forex and cfd traders looking for great funding and withdrawal processes and research tools

Important factors of finding AvaTrade alternatives

So far Brokerchooser has reviewed 57 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. AvaTrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost AvaTrade alternative.

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 was founded in 2006 and it is a global CFD and FX broker. It is regulated by several financial authorities globally, including the top-tier Central Bank of Ireland Australian Securities and Investments Commission (ASIC).

AvaTrade is considered safe because it has a long track record and regulated by top-tier regulators.

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 metatrader 4 platform

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71% of retail CFD accounts lose money

Fees 4 stars

AvaTrade has low trading fees and there is no withdrawal fee. On the negative side, it has high financing rates and charges high inactivity fee.

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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71% of retail CFD accounts lose money

Account opening 5 stars

Account opening at AvaTrade is super easy and fully online. You can start trading literally in minutes.

Learn more about AvaTrade minimum deposit here.

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71% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

AvaTrade deposit and withdrawal are cost-friendly and can be done in several forms. However, the withdrawal took more than 3 business days.

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71% of retail CFD accounts lose money

Web trading platform 3 stars

AvaTrade's web trading platform is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.

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

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71% of retail CFD accounts lose money

Markets and products 1 stars

At AvaTrade, you can trade only with CFDs, forex, and cryptos. It doesn't offer real stocks, ETFs, mutual funds, bonds, options, and futures.

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71% of retail CFD accounts lose money

Verdict

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

On the plus side, the trading fees are low. We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options and they are free of charge.

AvaTrade has some drawbacks though. The product range is limited to FX, CFDs, and cryptos. The research tools lack recommendations, fundamental data, and news. The telephone support is impossible to reach out.

As the trading fees are low, there is only a small minimum deposit, and inactivity fee only kicks in after three months, feel free to try AvaTrade.

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71% of retail CFD accounts lose money

AvaTrade alternatives
XM

XM was founded in 2009 and it is Global CFD and FX broker. It is authorized and regulated by top-tier regulators, like the UK FCA or Australian ASIC.

XM is considered safe because it has a long track record and is regulated by top-tier regulators.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% 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 metatrader platforms and low trading fees

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71.61% of retail CFD accounts lose money

Fees 4 stars

XM has low trading and average non-trading fees.

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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71.61% of retail CFD accounts lose money

Account opening 5 stars

XM account opening is hassle-free and straightforward. Your account is ready for trading on the same day.

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

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71.61% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

XM's deposit and withdrawal are cost-friendly, fast, and can be done in several forms.

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71.61% of retail CFD accounts lose money

Web trading platform 3 stars

The web trading platform of XM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.

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

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71.61% of retail CFD accounts lose money

Markets and products 1 stars

At XM, you can trade only with CFDs, forex, and cryptos. It lacks real stocks, ETFs, mutual funds, bonds, options, and futures.

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71.61% of retail CFD accounts lose money

Verdict

XM is regulated by more authorities globally, including the top-tier FCA.

On the plus side, the trading fees are low. We liked the seamless and hassle-free account opening. There is a wide range of educational tools and they have great quality.

XM has some drawbacks though. Its product range is mainly limited to FX, CFDs, and cryptos. The research tools are limited, covering mainly some technical tools and technical-based analysis. A monthly $5 fee is charged after three months of inactivity. 

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

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71.61% of retail CFD accounts lose money

AvaTrade alternatives
Plus500

Plus500 is a CFD broker, established in Israel. It is listed on the Main Market of the London Stock Exchange. Plus500 subsidiaries are authorized and regulated by different regulators, including top-tier regulators like the FCA from the UK.

Plus500 is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% 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.

Daytraders!: At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker

 

Recommended for experienced traders looking for an easy-to-use platform, with great user experience.

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76.4% of retail CFD accounts lose money

Fees 4 stars

Plus500 has low trading fees and average non-trading fees. Financing rates are very high.

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

More Visit broker
76.4% of retail CFD accounts lose money

Account opening 5 stars

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.

If you are interested more in Plus500 minimum deposit, this overview will help you.

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76.4% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

Plus500's deposit and withdrawal are both great. You have many options, the process is easy-to-do and usually free of charge.

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76.4% of retail CFD accounts lose money

Web trading platform 4 stars

Plus500 trading platform is very easy-to-use and also looks great. On the flip side, it cannot be customized. 

Learn more about Plus500's web trading platform in the detailed Plus500 review.

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76.4% of retail CFD accounts lose money

Markets and products 2 stars

At Plus500 you can trade only with CFDs and forex. There are a lot CFDs, you can choose from almost 2,000.

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76.4% of retail CFD accounts lose money

Verdict

Plus500 is a good broker. It is for traders aware of the risks of CFD trading.

Is plus 500 safe? It is considered safe because it is listed on the London Stock Exchange and regulated by the FCA. If you are not from the UK, you will be most likely served by Plus500 Cyprus, and hence the Cypriot investor protection will apply.

Daytraders! At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. So if you plan to execute trades within 2 minutes, Plus500 is not your broker.

On the bright side, Plus500 platform is easy-to-use with a great user experience. Even the first time user can navigate the app with ease. Spreads are competitive, but there are really high financing rates. Therefore, fees can be really high. For this fee level, some research tools would have been nice. 

As there is no minimum balance, no withdrawal fee above $100, withdrawal and inactivity fee only kicks in after three months, feel free to try it out.

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76.4% of retail CFD accounts lose money

AvaTrade alternatives
Markets.com

Markets.com is a global CFD and FX broker established in 2010. Markets.com is operated by Safecap Investment Limited, which is regulated by two regulators, the Cypriot Cysec and the South African FSCA. It is not regulated by FCA, the top-tier, UK regulator. Safecap is owned by Playtech, a gambling software development company.

Markets.com is considered safe, because its parent company, Playtech is listed on a stock exchange.

Markets.com is a CFD and forex broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 traders wanting to venture in cfd trading

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64% of retail CFD accounts lose money

Fees 3 stars

Markets.com has low trading fees and financing rates. On the negative side, there is a high inactivity fee and the fee structures are not transparent.

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

More Visit broker
64% of retail CFD accounts lose money

Account opening 5 stars

Markets.com account opening is seamless, fast and fully digital. You can open your trading account within a day.

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

More Visit broker
64% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

Markets.com deposit and withdrawal are free of charge, with many options and easy-to-do.

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64% of retail CFD accounts lose money

Web trading platform 3 stars

Markets.com's web trading platform looks nice, easy to use, and has a great search function. It has limited order types, and the two step login is missing.

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

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64% of retail CFD accounts lose money

Markets and products 2 stars

At Markets.com you can trade only with CFDs, forex, and cryptos.

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64% of retail CFD accounts lose money

Verdict

In our Markets.com review, we tested Markets.com thoroughly and here is the verdict. It is an ok broker, especially if you want to concentrate on CFD trading. It has low trading fees, an easy-to-use platform, and great research tools.

It is not regulated by top-tier financial regulators, like the FCA or the SEC.

All in all, it is a good choice. The account opening is super easy and there is no inactivity fee, feel free to try it.

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64% of retail CFD accounts lose money

AvaTrade alternatives
XTB

Best CFD broker

XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via the UK or a Polish entity. We tested the UK entity but will provide info on all entities.

XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including the UK FCA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 great funding and withdrawal processes and research tools

Visit broker
76% of retail CFD accounts lose money

Fees 4 stars

XTB has average trading fees and low non-trading fees.

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

More Visit broker
76% of retail CFD accounts lose money

Account opening 5 stars

XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.

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

More Visit broker
76% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.

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76% of retail CFD accounts lose money

Web trading platform 4 stars

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.

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

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76% of retail CFD accounts lose money

Markets and products 2 stars

UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.

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76% of retail CFD accounts lose money

Verdict

XTB is a good broker. It is regulated by more than 10 authorities globally, including the UK FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.

XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.

We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.

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76% 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.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai

CMO

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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