Compare AvaTrade vs FXCM


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

AvaTrade vs FXCM
overall rating
4.4
4.4
overall pros
  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
overall cons
  • Only CFDs, forex, and cryptos offered
  • High inactivity fees
  • Average forex fees
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
fees
3.3
  • No withdrawal fee
  • Low CFD fees
  • High inactivity fees
  • FX trading fees are average
3.4
  • No withdrawal fee
  • Low financing rate
  • Inactivity fee after one year
  • High bank withdrawal fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
deposit and withdrawal
4.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
  • Slow withdrawal - over 3 days
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
web trading platform
3.6
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Only in English
3.3
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
markets and products
2.0
  • Forex
  • CFD
  • Crypto
1.6
  • Forex
  • CFD
  • Crypto
research
4.6
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data on stocks
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • 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
  • Majority of clients belong to a top-tier financial authority
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
recommended for Forex and CFD traders looking for an option to use MetaTrader platforms Forex traders looking for easy account opening, funding and withdrawal
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