The best alternatives to AvaTrade are
- ATFX - Global CFD and forex broker
- HYCM - Global CFD and forex broker
- CMC Markets - Global CFD broker
- Capital.com - Global CFD broker
Let's see in a bit more detail how the AvaTrade alternatives compare to AvaTrade and each other:
| AvaTrade | ATFX | HYCM | CMC Markets | Capital.com | |
|---|---|---|---|---|---|
| Overall score | 4.5 | 4.4 | 4.3 | 4.6 | 4.7 |
| Fees score | 3.8 stars | 4.4 stars | 4.2 stars | 3.6 stars | 4.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 4.2 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.5 stars | 4.5 stars | 4.8 stars | 4.5 stars |
| Web platform score | 3.8 stars | 2.8 stars | 2.8 stars | 5.0 stars | 3.9 stars |
| Markets and products score | 2.3 stars | 1.8 stars | 2.3 stars | 2.6 stars | 3.4 stars |
|
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62.96% of retail CFD accounts lose money |
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67% of retail CFD accounts lose money |
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71% of retail CFD accounts lose money |
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75.26% 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
- ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform
- HYCM is recommended for forex and cfd traders who prefer the metatrader platform
- CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
- Capital.com is recommended for investors and cfd traders looking for a great trading platform and excellent customer service
Important factors of finding AvaTrade alternatives
So far BrokerChooser has reviewed 100 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!
🏆 Top 5 Stock Brokers
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. 62.96% 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 |
Fees
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 |
| ATFX | AvaTrade | |
|---|---|---|
| Apple benchmark fee | $6.8 | $6.7 |
| Vodafone benchmark fee | - | $6.3 |
| EURUSD benchmark fee | $7.3 | $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
Account opening
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 |
| 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.
Deposit and withdrawal
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 |
| ATFX | AvaTrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| 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.
Markets and products
ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
| ATFX | AvaTrade | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
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 | 4.4 stars |
| Recommended for | Forex and CFD traders familiar with the MetaTrader 4 trading platform |
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. 72% 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 |
Fees
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 |
| HYCM | AvaTrade | |
|---|---|---|
| Apple benchmark fee | $4.0 | $6.7 |
| Vodafone benchmark fee | - | $6.3 |
| 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
Account opening
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 |
| 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.
Deposit and withdrawal
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 |
| HYCM | AvaTrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| 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.
Markets and products
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.
| HYCM | AvaTrade | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
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 | 4.2 stars |
| Recommended for | Forex and CFD traders who prefer the MetaTrader platform |
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AvaTrade alternatives
CMC Markets
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
CMC Markets is considered safe because it has a long track record, is listed on a stock exchange, and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 advanced trading platform with many research tools
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Great web and mobile platforms | • Limited product portfolio |
| • Advanced research and educational tools | • Customer support only 24/5 |
Fees
CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • No withdrawal fee |
| CMC Markets | AvaTrade | |
|---|---|---|
| Apple benchmark fee | $21.4 | $6.7 |
| Vodafone benchmark fee | $27.1 | $6.3 |
| EURUSD benchmark fee | $8.8 | $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
Account opening
The account opening process is fully digital and there's no minimum deposit.
| Pros | Cons |
|---|---|
| • Fully digital | None |
| • No minimum deposit |
| CMC Markets | AvaTrade | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in CMC Markets minimum deposit, this overview will help you.
Deposit and withdrawal
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • £15 fee for international bank transfers |
| • No deposit fee | |
| • Several account base currencies |
| CMC Markets | AvaTrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.
| Pros | Cons |
|---|---|
| • Two-step (safer) login | None |
| • Good customizability (for charts, workspace) | |
| • Modern design |
| CMC Markets | AvaTrade | |
|---|---|---|
| Web platform score | 5.0 stars | 3.8 stars |
| Mobile platform score | 5.0 stars | 4.7 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.
Markets and products
CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can't trade other popular asset classes such as real stocks, bonds, mutual funds or options.
| CMC Markets | AvaTrade | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there.
On the plus side, it has low forex fees, well-developed trading platforms, and terrific research and educational tools.
There are also a few drawbacks, though. Stock CFD fees are high, and the product selection covers only CFD and forex, meaning no real stocks, bonds or mutual funds.
Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.
| CMC Markets | |
|---|---|
| Summary | CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. |
| Fees score | 3.6 stars |
| Recommended for | forex and CFD traders looking for an advanced trading platform with many research tools |
AvaTrade alternatives
Capital.com
Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, and Belarus where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the National bank of the Republic of Belarus (NBRB).
Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.26% 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 investors and cfd traders looking for a great trading platform and excellent customer service
| Pros | Cons |
|---|---|
| • Low forex CFD fees and commission-free real stocks | • High stock index CFD fees |
| • Great account opening experience | • Only CFD and real stock available |
| • Excellent email and chat support | • Smaller account currencies not available |
Fees
Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees are high. As a plus, there are no inactivity or withdrawal fees.
| Pros | Cons |
|---|---|
| • Low forex CFD fees | • High stock index CFD fees |
| • Commission-free real stocks (with tight spreads) | |
| • No withdrawal or inactivity fee |
| Capital.com | AvaTrade | |
|---|---|---|
| Apple benchmark fee | $7.6 | $6.7 |
| Vodafone benchmark fee | $3.4 | $6.3 |
| EURUSD benchmark fee | $8.7 | $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
Account opening
Capital.com has one of the best account opening processes we've ever encountered: it is simple, quick, well-designed and intuitive. We are impressed.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Capital.com | AvaTrade | |
|---|---|---|
| Minimum deposit | $20 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in Capital.com minimum deposit, this overview will help you.
Deposit and withdrawal
Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Smaller currencies not available |
| • Free withdrawal | |
| • No deposit fee |
| Capital.com | AvaTrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, the platform has limited customizability and lacks price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | • No price alerts |
| • Two-step (safer) login |
| Capital.com | AvaTrade | |
|---|---|---|
| Web platform score | 3.9 stars | 3.8 stars |
| Mobile platform score | 4.9 stars | 4.7 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Capital.com's web trading platform in the detailed Capital.com review.
Markets and products
Capital.com has an impressive selection of CFD products compared to other CFD brokers. However, it lacks popular asset types like real ETFs, funds, or futures.
| Capital.com | AvaTrade | |
|---|---|---|
| Stocks | Yes | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Capital.com is a great CFD broker, regulated by top-tier authorities such as the UK's FCA and ASIC in Australia.
On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional.
Among drawbacks, stock index CFD fees are high, Capital.com offers only CFDs (equity, index, crypto, commodity, forex) and real stocks as tradable products. Only major currencies are supported as account base currencies and price alerts are not available on the web platform.
As there is no inactivity fee and the account opening is fast, feel free to try Capital.com.
| Capital.com | |
|---|---|
| Summary | Capital.com is a global CFD broker, regulated by the FCA, CySEC, NBRB, and ASIC. |
| Fees score | 4.4 stars |
| Recommended for | Investors and CFD traders looking for a great trading platform and excellent customer service |
🏆 Top 5 Stock Brokers
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 |
Fees
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 | ATFX | HYCM | CMC Markets | Capital.com | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $1.0 | $1.0 | $0.9 | $1.4 | $3.4 |
| Europe 50 index CFD fee | $0.8 | $1.4 | $0.8 | $1.7 | $5.5 |
| EURUSD benchmark fee | $10.3 | $7.3 | $7.1 | $8.8 | $8.7 |
| GBPUSD benchmark fee | $9.0 | $4.8 | $7.9 | $5.8 | $6.6 |
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
Account opening
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 | ATFX | HYCM | CMC Markets | Capital.com | |
|---|---|---|---|---|---|
| Minimum deposit | $100 | $500 | $100 | $0 | $20 |
| Time to open account | 1 day | 1 day | 1 day | 1-3 days | 1 day |
Learn more about AvaTrade minimum deposit here.
Deposit and withdrawal
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 | ATFX | HYCM | CMC Markets | Capital.com | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
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 | ATFX | HYCM | CMC Markets | Capital.com | |
|---|---|---|---|---|---|
| Web platform score | 3.8 stars | 2.8 stars | 2.8 stars | 5.0 stars | 3.9 stars |
| Mobile platform score | 4.7 stars | 3.8 stars | 3.8 stars | 5.0 stars | 4.9 stars |
| Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.
Markets and products
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 | ATFX | HYCM | CMC Markets | Capital.com | |
|---|---|---|---|---|---|
| Stocks | No | No | No | No | Yes |
| ETFs | No | No | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | Yes |
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 | 3.8 stars |
| Recommended for | Forex and CFD traders looking for an option to use MetaTrader platforms |
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.
| Broker | Info | Recommended for |
|---|---|---|
| AvaTrade | Global CFD and forex broker | Forex and CFD traders looking for an option to use MetaTrader platforms |
| ATFX | Global CFD and forex broker | Forex and CFD traders familiar with the MetaTrader 4 trading platform |
| HYCM | Global CFD and forex broker | Forex and CFD traders who prefer the MetaTrader platform |
| CMC Markets | Global CFD broker | forex and CFD traders looking for an advanced trading platform with many research tools |
| Capital.com | Global CFD broker | Investors and CFD traders looking for a great trading platform and excellent customer service |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
