XTB vs AvaTrade: a comprehensive comparison
Choosing the right online trading platform can greatly affect your investment efficiency. With so many options out there, XTB and AvaTrade are two names that often come up. Both platforms offer unique features and services to cater to different types of traders. In this article, we’ll closely examine what each has to offer. We’ll compare them with trading tools, fees, user experience, regulatory compliance, and customer support. This comparison will help you decide which platform best fits your trading needs.
NOTE: Additionally, you can watch a quick video review of XTB ↓
XTB vs AvaTrade: key features comparison
| XTB vs AvaTrade | XTB | AvaTrade |
|---|---|---|
| Regulation | FCA, KNF, FSC, CySEC, and CNMV. | CySEC, PFSA, ASIC, BVIFSC, FSA Japan, KLFB Japan, FSCA, ADGM FRSA, ISA. |
| Platforms | MT4, xStation 5, xStation 5 mobile app. | MT4, MT5, WebTrader, AvaOptions, AvaSocial (CopyTrading platform), AvaTradeGo, and Auto Trading platforms like DupliTrade. |
| Accounts | Standard, Pro, Islamic, and demo. | Live (real), Islamic, and demo accounts. |
| Trading instruments | Nearly 2000 CFDs based on forex, indices, commodities, cryptocurrencies, stocks, ETFs, and real stocks and ETFs. | 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 | Webinars, trading academy, market analysis, economic calendar. | 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 | — | From time to time, they issue welcome bonus promotions dedicated for new clients. |
| Minimum deposit |
$0
|
$100 |
| Commissions | XTB charges varying fees: Standard accounts have wider spreads but no execution commissions (except for equity and ETF CFDs), while Pro accounts pay a commission per trade with market spreads. | 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 | Bank transfers, credit/debit cards, e-wallets. | Credit cards, debit cards, wire transfers, and various e-payment solutions. |
| Social trading/copy trading | — | AvaSocial. |
| VPS | — | — |
XTB and AvaTrade: summary
XTB and AvaTrade, two prominent brokers, offer diverse features. While XTB provides a wide range of trading instruments and account types with no minimum deposit, AvaTrade offers a smaller selection of instruments and requires a minimum deposit of $100. Both platforms offer 24/7 support, but AvaTrade occasionally provides welcome bonuses. XTB charges varying fees based on the account type, while AvaTrade earns through Bid/Ask spreads and may apply additional fees. AvaTrade also offers Social trading/Copy trading through AvaSocial, a feature not available with XTB.
XTB and AvaTrade: Top FX brokers
XTB
XTB is a well-established broker known for its comprehensive range of trading instruments and flexible account types. With XTB, traders have access to a diverse array of assets, including Forex, indices, commodities, Cryptocurrencies, stocks, ETFs, and even real stocks and ETFs. One notable aspect of XTB is its lack of a minimum deposit requirement, making it accessible to traders of all levels. Additionally, XTB offers a choice of platforms, including the popular MetaTrader 4 (MT4) and its proprietary xStation 5 platform, renowned for its user-friendly interface and advanced features.
Furthermore, XTB provides exceptional customer support, available 24/7 via email, live chat, and phone, ensuring that traders receive assistance whenever needed. In terms of fees, XTB operates on a transparent model where costs vary depending on the chosen account type. Standard accounts typically feature wider spreads but do not incur execution commissions, except for equity and ETF CFD trades. On the other hand, Pro accounts involve a commission per trade but offer tighter market spreads.
AvaTrade
AvaTrade is a reputable brokerage firm recognized for its diverse range of trading instruments and advanced platforms. Traders using AvaTrade gain access to over 250 financial instruments across various asset classes, including major currency pairs, stock indices, Cryptocurrencies, commodities like gold and silver, individual shares, bonds, and ETFs. Unlike XTB, AvaTrade requires a minimum deposit of $100 for live trading accounts, ensuring a commitment from traders.
AvaTrade offers a selection of sophisticated trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, AvaOptions, and AvaTradeGo, catering to the needs of both novice and experienced traders. One of AvaTrade’s standout features is AvaSocial, a social trading and copy trading platform that allows users to follow and copy the trades of experienced traders.
In terms of support, AvaTrade provides around-the-clock assistance through various channels, including email, live chat, and phone, ensuring traders receive timely assistance whenever required. Additionally, AvaTrade occasionally offers welcome bonus promotions for new clients, enhancing the trading experience.
When it comes to fees, AvaTrade operates on a spread-based model, earning through Bid/Ask spreads included in quoted rates. Additionally, traders may encounter additional fees like overnight premium, inactivity fees, and administration fee, depending on their trading activity and account type.
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XTB vs AvaTrade - FAQ