Compare AvaTrade vs XM


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

AvaTrade vs XM
overall rating
4.4
4.3
overall pros
  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Only CFDs, forex, and cryptos offered
  • High inactivity fees
  • Limited product portfolio
  • Average forex fees
  • No investor protection for non-EU clients
fees
3.4
  • Low trading fees
  • No withdrawal fee
  • High inactivity fees
  • FX trading fees are average
3.8
  • No withdrawal fee
  • Low CFD fees
  • Inactivity fee
  • Average FX fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
  • Slow withdrawal - over 3 days
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
3.6
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Only in English
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.3
  • 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)
  • Price alerts
  • No two-step (safer) login
  • Outdated design
  • Search function could be better
markets and products
2.0
  • Forex
  • CFD
  • Crypto
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
4.8
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data for stocks
4.5
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.5
  • 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
  • Negative balance protection
  • Regulated by the top-tier ASIC
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex and CFD traders looking for an option to use MetaTrader platforms Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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