XM Group vs AvaTrade: a thorough comparison
Choosing the right online trading platform is crucial for traders at any level. With so many options available, comparing features and performance is essential to find the best fit. In this article, we closely examine two popular platforms: XM Group and AvaTrade.
Both XM Group and AvaTrade are well-regarded in the trading world, offering a range of financial instruments, competitive spreads, and advanced tools. However, they each have unique features that might appeal to different traders.
We’ll compare key aspects like account types, trading platforms, fees, regulations, and customer support. By the end, you’ll have a clearer idea of which platform suits your trading needs.
XM Group vs AvaTrade: key features comparison
| XM vs AvaTrade | XM Group | AvaTrade |
|---|---|---|
| Regulation | XM license: Cyprus Securities and Exchange Commission (CySec). Registrations for outward passporting: BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands), FI (Sweden). | CySEC, PFSA, ASIC, BVIFSC, FSA Japan, KLFB Japan, FSCA, ADGM FRSA, ISA. |
| Platforms | MT4, MT4 WebTrader, MT5, MT5 WebTrader, XM mobile trading platforms (MT4 and MT5 apps), XM mobile app. | MT4, MT5, WebTrader, AvaOptions, AvaSocial (CopyTrading platform), AvaTradeGo, and Auto Trading platforms like DupliTrade. |
| Accounts | Micro account, Standard account, Ultra Low account, Shares account, Islamic, and demo. | Live (real), Islamic, and demo accounts. |
| Trading instruments | 1000+ trading instruments including forex, indices, commodities, thematic indices, metals, energies, and stocks. | More than 250 instruments on various platforms, including more than 60 currency pairs, major stock indices, Cryptocurrencies, commodities (such as gold, silver, sugar, and coffee), bonds, individual shares, and ETFs. |
| Analytics and education | Markets overview, XM research, trade ideas, technical summaries, economic calendar, XM TV, podcast, XM live, live education, educational videos, Forex & CFDs webinars, platform tutorials, trading tools, MQL5, forex calculators. | Webinars, educational videos and tutorials, written guides and articles, market analysis and research, and economic calendar. |
| Support | 24/7 support coverage. Email, live chat, phone. | 24/7 support coverage. Email, live chat, phone. |
| Bonuses | XM occasionally offers bonuses to clients. For the latest promotions, check their website. | Occasionally, they issue welcome bonus promotions dedicated to new clients. |
| Minimum deposit |
$5
|
$100 |
| Commissions | XM broker offers transparent fee schedules with no commissions on transactions across most account types, excluding Shares, and maintains a zero-fee policy for deposits and withdrawals, except for XM Zero Accounts, which incur commissions. | AvaTrade earns through Bid/Ask spreads included in quoted rates, with additional fees like Overnight Premium, Inactivity Fee, and Administration Fee, varying by currency account and subject to change. |
| Deposits and withdrawals | Credit and debit cards, bank transfers, e-wallets, and more. | Credit cards, debit cards, wire transfers, and various e-payment solutions. |
| Social trading/copy trading | Copy trading. | AvaSocial. |
| VPS | ✓ | — |
| Minimum lot size | 0.1 lot. | 0.01 lot. |
| Leverage | Up to 1000:1. | Up to 30:1. |
XM Group and AvaTrade: summary
In summary, XM Group and AvaTrade are both well-regulated brokers offering a range of platforms, accounts, and trading instruments. XM provides more platform options and lower minimum deposits, with no commissions on most accounts but commissions on XM Zero Accounts, while AvaTrade offers more diverse trading instruments and lower leverage. Both offer educational resources, 24/7 support, and deposit/withdrawal options, but AvaTrade has a higher minimum deposit requirement and fewer platform options.
XM Group and AvaTrade: Top FX brokers
XM Group
XM Group is a well-regulated broker offering a diverse range of trading platforms, including MT4 and MT5, along with mobile trading options. They provide various account types to suit different trading preferences, with competitive spreads and leverage of up to 1000:1. XM Group also offers extensive educational resources, 24/7 support, and flexible deposit/withdrawal options, making it a popular choice for traders of all levels.
AvaTrade
AvaTrade is a regulated broker known for its wide range of trading instruments, including forex, indices, commodities, Cryptocurrencies, and more. They offer multiple platforms, including MT4, MT5, WebTrader, and proprietary options like AvaOptions and AvaSocial. While they provide educational resources, 24/7 support, and various deposit/withdrawal methods, AvaTrade requires a higher minimum deposit compared to some competitors and offers lower leverage options, with a maximum of 30:1.
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XM Group vs AvaTrade - FAQ