AvaTrade vs. PrimeXBT

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

AvaTrade

Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Pros
  • Trade CFDs on all asset classes.
  • Trade through MetaTrader 4 or 5.
  • Automated trading platforms (MQL5, Zulutrade and DupliTrade).
  • Negative balance protection, whichever entity you open an account with.
  • Regulated in Europe, Australia, South Africa, the U.A.E. and elsewhere.
  • Cons
  • You cannot buy stocks or cryptocurrency (only CFDs).
  • Quarterly and annual inactivity fees.
  • 50% margin call and stop-out levels.
  • Awards
  • No. 1 Broker, 2020 - The European
  • Best Forex Broker, 2020 - The European
  • Best Forex Broker, 2019 - Daytrading.com
PrimeXBT

  • Pros
  • Start trading in under 40 seconds.
  • No identity checks or KYC prior to trading.
  • Small initial deposit of 0.001 BTC (approximately US$ 10).
  • Trade CFDs on cryptocurrencies, Forex, indices, energies and metals.
  • Leverage up to 1:000.
  • Cons
  • No CFDs on shares, ETFs, energies or commodities.
  • No support for MetaTrader 4, 5 or cTrader.
  • PrimeXBT only accepts Bitcoin for deposits; however, you may buy BTC by credit card.
  • PrimeXBT is not regulated or licensed.
  • Awards
  • Best Platform for Margin Trading, 2020 - ADVFN
  • Best Crypto and Forex Broker, 2019 - Forex Awards
  • Best Crypto Trading App, 2019 - Forex Awards

Markets

Asset classesAvaTrade ▷PrimeXBT ▷
Forex (CFD)
Cryptos (CFD)
Stocks (CFD)NA
Indices (CFD)
ETFs (CFD)NA
Metals (CFD)
Energy (CFD)
Commodities (CFD)NA
Bonds (CFD)NA
Asset classes (#)AvaTrade ▷PrimeXBT ▷
Forex (CFD)5546
Cryptos (CFD)148
Stocks (CFD)612NA
Indices (CFD)2312
ETFs (CFD)31NA
Metals (CFD)91
Energy (CFD)103
Commodities (CFD)7NA
Bonds (CFD)2NA

Trading platforms

Trading platformsAvaTrade ▷PrimeXBT ▷
MetaTrader 4
MetaTrader 5
cTraderNA
CurrenexNA
Copy trading
Mirror tradingNA
Other platformsNAPrimeXBT Platform
Operating systemsAvaTrade ▷PrimeXBT ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsAvaTrade ▷PrimeXBT ▷
Bank transferNA
Credit card
Debit card
BitcoinNA
NETELLERNA
Perfect MoneyNA
POLiNA
SkrillNA
WebMoneyNA
Account base currenciesAvaTrade ▷PrimeXBT ▷
AUD - Australian DollarNA
BTC - BitcoinNA
EUR - EuroNA
GBP - British PoundNA
USD - U.S. DollarNA

Regulators

Company informationAvaTrade ▷PrimeXBT ▷
Company nameAVA Trade EU LtdPrimeXBT Trading Services LLC
Head officeDublin, IrelandSt. Vincent and the Grenadines
Incorporation date20062018
RegulatorsAvaTrade ▷PrimeXBT ▷
AustraliaASIC No. 406684NA
BVICategory 1 - Sub Cat. BNA
IrelandCBI No. C53877NA
JapanFFAJ No.1574NA
South AfricaFSCA No. 45984NA
UAEADGM No. 190018NA

AvaTrade

Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.