Compare Alpaca Trading vs AvaTrade


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against AvaTrade!

Alpaca Trading vs AvaTrade
overall rating
4.6
4.4
overall pros
  • Great API trading service
  • Free stock & ETF trading
  • Fantastic charting tools
  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Only CFDs, forex, and cryptos offered
  • High inactivity fees
  • Average forex fees
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
3.3
  • No withdrawal fee
  • Low CFD fees
  • High inactivity fees
  • FX trading fees are average
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
4.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
  • Slow withdrawal - over 3 days
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Poor search function
  • Limited customizability (for charts, workspace)
  • No price alerts
3.6
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.7
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Only in English
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Stock
  • ETF
2.0
  • Forex
  • CFD
  • Crypto
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
4.6
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data on stocks
customer service
1.9
  • Great Slack and community forums
  • No phone support
  • No live chat
  • Mediocre email support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders interested in algorithmic stock trading Forex and CFD traders looking for an option to use MetaTrader platforms
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