ATFX vs AvaTrade compared

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

ATFX
AvaTrade
59.38% of retail CFD accounts lose money
71% of retail CFD accounts lose money

Last update of dataNov 2022

ATFX

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.

Recommended for forex and CFD traders familiar with the MetaTrader 4 trading platform.

AvaTrade

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.

Recommended for forex and CFD traders looking for an option to use MetaTrader platforms.

ATFX's service is slightly weaker than AvaTrade's and a comparison of their fees shows that ATFX's fees are much higher than AvaTrade's.

Account opening takes about the same effort at ATFX compared to AvaTrade, deposit and withdrawal processes are about the same quality at ATFX, while customer service quality is lower than AvaTrade's.

Our experts rated the trading platform of ATFX as somewhat worse than the platform of AvaTrade, found that clients have access to slightly less markets and products with ATFX, while AvaTrade provides somewhat better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
3.3

Recommended for Forex and CFD traders familiar with the MetaTrader 4 trading platform

Overall Score
4.3

Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

Country of origin

UK

Country of origin

Ireland

Fees

Fees score
1.2
Fees score
3.7
Fees summary

Low trading and non-trading fees, low forex fees

Fees summary

Low trading fees, average non-trading fees, high inactivity fee

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.5
Deposit and withdrawal score
4.5
Number of base currencies

3

Number of base currencies

6

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$500

*
Minimum deposit
*

$100

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: passport / national ID Proof of residency: bank statement / utility bill / tax bill / landline phone bill

Required documents

Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
2.8
Web platform score
3.8
Mobile platform score
3.8
Mobile platform score
4.7
Desktop platform score
3.4
Desktop platform score
3.4

Markets and products

Markets and products score
1.7
Markets and products score
2.3
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
*
*
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 59.38% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
3.5
Research score
4.6
Charting quality

Mid-range

Charting quality

Great

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
3.8
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 for clients under FCA, €20,000 under CySEC, no protection under other regulators

Investor protection amount

€20,000 for EU clients, no protection for other clients

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2014

Foundation date

2006

Country of regulation

UK, Cyprus, St Vincent & The Grenadines, Mauritius

Country of regulation

Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel

ATFX

For detailed information and hands-on experience, read our review of this broker.

AvaTrade

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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