The best alternatives to XTB are
- City Index - Global CFD and forex broker
- CMC Markets - Global CFD and forex broker
- Capital.com - Global CFD and forex broker
- AvaTrade - Global CFD and forex broker
Let's see in a bit more detail how the XTB alternatives compare to XTB and each other:
| XTB | City Index | CMC Markets | Capital.com | AvaTrade | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.7 | 4.7 | 4.6 | 4.5 |
| Fees score | 3.9 stars | 4.1 stars | 3.8 stars | 4.1 stars | 3.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 4.1 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.3 stars | 4.8 stars | 4.5 stars | 4.5 stars |
| Web platform score | 4.4 stars | 4.3 stars | 4.5 stars | 3.9 stars | 3.8 stars |
| Markets and products score | 2.8 stars | 2.0 stars | 2.2 stars | 2.2 stars | 2.0 stars |
|
Visit broker
79% of retail CFD accounts lose money |
Visit broker
73% of retail CFD accounts lose money |
Visit broker
76% of retail CFD accounts lose money |
Visit broker
71.2% of retail CFD accounts lose money |
Visit broker
72% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to XTB? There are many areas based on which XTB can be compared with others. When we say a given online broker is a good alternative to XTB 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.
XTB 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:
- XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
- City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
- CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
- Capital.com is recommended for forex and cfd traders looking for great trading platform and customer service
- AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms
Important factors of finding XTB 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 XTB 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. XTB is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost XTB 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 XTB 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 XTB, 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 XTB alternative is a must.
Now let's dive into the details of how XTB and its alternatives perform in the most important areas!
XTB 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 |
Fees
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 |
| XTB | City Index | CMC Markets | Capital.com | AvaTrade | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $1.5 | $1.2 | $1.5 | $3.1 | $1.1 |
| Europe 50 index CFD fee | $1.8 | $1.9 | $1.9 | $2.9 | $0.8 |
| EURUSD benchmark fee | $8.5 | $6.0 | $8.0 | $7.6 | $10.3 |
| GBPUSD benchmark fee | $6.1 | $5.2 | $6.0 | $5.5 | $9.2 |
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
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 |
| XTB | City Index | CMC Markets | Capital.com | AvaTrade | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $100 | $0 | $20 | $100 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
Learn more about XTB minimum deposit here.
Deposit and withdrawal
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 |
| XTB | City Index | CMC Markets | Capital.com | AvaTrade | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes | Yes | Yes |
| Electronic wallets | No | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
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 |
| XTB | City Index | CMC Markets | Capital.com | AvaTrade | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.3 stars | 4.5 stars | 3.9 stars | 3.8 stars |
| Mobile platform score | 4.4 stars | 4.3 stars | 4.5 stars | 4.9 stars | 4.7 stars |
| Desktop platform score | 4.4 stars | 3.0 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about XTB's web trading platform in the detailed XTB review.
Markets and products
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.
| XTB | City Index | CMC Markets | Capital.com | AvaTrade | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | No | No |
| ETF | Yes | No | No | 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 | Yes | Yes | Yes | Yes |
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 |
XTB alternatives
City Index
City Index is a global CFD and FX broker that was founded in 1983. City Index is the trading brand of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: 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 forex and cfd traders looking for low forex fees and great research tools
| Pros | Cons |
|---|---|
| • Low fees for forex | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Non-user-friendly desktop platform |
Fees
City Index has low fees for forex and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee after one year.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| City Index | XTB | |
|---|---|---|
| Apple benchmark fee | $21.3 | $17.3 |
| Vodafone benchmark fee | $27.6 | $20.8 |
| EURUSD benchmark fee | $6.0 | $8.5 |
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
City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| City Index | XTB | |
|---|---|---|
| Minimum deposit | $100 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in City Index minimum deposit, this overview will help you.
Deposit and withdrawal
City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Problem with credit card withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| City Index | XTB | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Good variety of order types |
| City Index | XTB | |
|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars |
| Mobile platform score | 4.3 stars | 4.4 stars |
| Desktop platform score | 3.0 stars | 4.4 stars |
Learn more about City Index's web trading platform in the detailed City Index review.
Markets and products
At City Index, you can only trade with CFDs, forex, and cryptos. Other asset classes, like real stocks or funds, are not available.
| City Index | XTB | |
|---|---|---|
| Stock | No | Yes |
| ETF | No | Yes |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
City Index is a great CFD and forex broker regulated by top-tier financial authorities, such as the UK's FCA.
On the positive side, it has low forex fees, a smooth account opening process, and high-quality research tools.
It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.
As there is no minimum balance required, no withdrawal fee and an inactivity fee only kicks in after one year, feel free to try City Index.
| City Index | |
|---|---|
| Summary | City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange. |
| Fees score | 4.1 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
Want to stay in the loop?
Sign up to get notifications about new BrokerChooser articles right into your mailbox.
XTB alternatives
CMC Markets
Note (February 18 2021): Due to an unexpected interest in the markets, some brokers experienced outages or temporary suspensions of confirming orders. Short selling recently popular stocks are currently restricted on CMC Markets platform. We'll keep monitoring the issue, and will update our scores if this issue still persists.
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 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. 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 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 | • Complicated account verification |
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 | XTB | |
|---|---|---|
| Apple benchmark fee | $21.5 | $17.3 |
| Vodafone benchmark fee | $25.2 | $20.8 |
| EURUSD benchmark fee | $8.0 | $8.5 |
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, but confusion about what documents to upload for identification can prolong the verification process.
| Pros | Cons |
|---|---|
| • Fully digital | • Complicated account verification |
| • No minimum deposit |
| CMC Markets | XTB | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| 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 | XTB | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | Yes | No |
| 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. On the other hand, it lacks two-step authentication.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Modern design |
| CMC Markets | XTB | |
|---|---|---|
| Web platform score | 4.5 stars | 4.4 stars |
| Mobile platform score | 4.5 stars | 4.4 stars |
| Desktop platform score | 3.4 stars | 4.4 stars |
Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.
Markets and products
CMC Markets's product selection covers only CFDs, forex and crypto. You can't trade other popular asset classes such as real stocks, bonds, mutual funds, options or futures.
| CMC Markets | XTB | |
|---|---|---|
| Stock | No | Yes |
| ETF | No | Yes |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | 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 useful research and educational tools.
There are also a few drawbacks, though. Stock CFD fees are high, and the account verification process is not always seamless. Also, its product selection covers only CFD and forex asset classes, 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 regulators like the UK FCA. |
| Fees score | 3.8 stars |
| Recommended for | Forex and CFD traders looking for an advanced trading platform with many research tools |
XTB alternatives
Capital.com
Capital.com is a global CFD and forex broker that was founded in 2016, with offices in London, Cyprus and Belarus. It is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the National Bank of the Republic of Belarus (NBRB).
Capital.com is considered safe because 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. 71.2% 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 trading platform and customer service
| Pros | Cons |
|---|---|
| • Low forex and stock CFD fees | • Limited product portfolio |
| • Great account opening experience | • No fundamental data |
| • Excellent customer support | • No price alerts on web platform |
Fees
Capital.com has low forex and CFD fees. The non-trading fees are low as well, there are no inactivity or withdrawal fees charged. On the other hand, the stock index CFD fees are not the most competitive.
| Pros | Cons |
|---|---|
| • Low forex and stock CFD fees | • Average stock index CFD fees |
| • No withdrawal fee | |
| • No inactivity fee |
| Capital.com | XTB | |
|---|---|---|
| Apple benchmark fee | $3.1 | $17.3 |
| Vodafone benchmark fee | $2.7 | $20.8 |
| EURUSD benchmark fee | $7.6 | $8.5 |
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 seen: it is simple, quick, well-designed and intuitive. We were impressed.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Capital.com | XTB | |
|---|---|---|
| Minimum deposit | $20 | $0 |
| 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. However, only three major currencies (USD, GBP, EUR) and one smaller (PLN) are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Smaller currencies not available |
| • Free withdrawal | |
| • No deposit fee |
| Capital.com | XTB | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | Yes | No |
| 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, it 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 | XTB | |
|---|---|---|
| Web platform score | 3.9 stars | 4.4 stars |
| Mobile platform score | 4.9 stars | 4.4 stars |
| Desktop platform score | 3.4 stars | 4.4 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, forex and crypto products compared to other CFD brokers. However, it lacks popular asset types like real stocks, ETFs and funds.
| Capital.com | XTB | |
|---|---|---|
| Stock | No | Yes |
| ETF | No | Yes |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Capital.com is a great CFD and forex broker, regulated by the FCA, a top-tier authority.
On the plus side, the stock CFD and forex fees are low, the account opening is very user-friendly, and customer support is exceptional.
On the other hand, Capital.com offers only CFD, forex, and crypto asset classes. Fundamental data and price alerts are missing from the web platform.
As there is no inactivity fee and account opening is quick, feel free to try Capital.com.
| Capital.com | |
|---|---|
| Summary | Capital.com is a global CFD and forex broker. It is regulated by the FCA, CySEC, and NBRB. |
| Fees score | 4.1 stars |
| Recommended for | Forex and CFD traders looking for great trading platform and customer service |
XTB 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 | XTB | |
|---|---|---|
| Apple benchmark fee | $9.0 | $17.3 |
| Vodafone benchmark fee | $6.0 | $20.8 |
| EURUSD benchmark fee | $10.3 | $8.5 |
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
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 | XTB | |
|---|---|---|
| Minimum deposit | $100 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in AvaTrade minimum deposit, this overview will help you.
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 | XTB | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | Yes | No |
| Withdrawal fee | $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 | XTB | |
|---|---|---|
| Web platform score | 3.8 stars | 4.4 stars |
| Mobile platform score | 4.7 stars | 4.4 stars |
| Desktop platform score | 3.4 stars | 4.4 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 | XTB | |
|---|---|---|
| Stock | No | Yes |
| ETF | No | Yes |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | 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 | 3.4 stars |
| Recommended for | Forex and CFD traders looking for an option to use MetaTrader platforms |
XTB alternatives
Bottom line
Based on our analysis, there are several good alternatives to XTB. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| XTB | Global CFD and forex broker | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
| CMC Markets | Global CFD and forex broker | Forex and CFD traders looking for an advanced trading platform with many research tools |
| Capital.com | Global CFD and forex broker | Forex and CFD traders looking for great trading platform and customer service |
| AvaTrade | Global CFD and forex broker | Forex and CFD traders looking for an option to use MetaTrader platforms |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
