AvaTrade vs. FXOpen

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

Pros and Cons

AvaTrade

79% of retail CFD accounts lose 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
FXOpen

  • Pros
  • Leverage up to 1:500.
  • Trade on MetaTrader 4, 5 or TickTrader.
  • All trading strategies allowed (ECN account).
  • Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
  • Cons
  • Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
  • FXOpen is only regulated in Nevis.
  • Awards
  • High-quality order execution, 2018 - VerifyMyTrade
  • Best Forex Broker Australia, 2011 - World Finance
  • Best Trading Platform, 2010 - Falcon Award

Markets

Asset classesAvaTrade ▷FXOpen ▷
Forex (CFD)
Cryptos (CFD)
Stocks (CFD)
Indices (CFD)
ETFs (CFD)NA
Metals (CFD)
Energy (CFD)
Commodities (CFD)NA
Bonds (CFD)NA
Asset classes (#)AvaTrade ▷FXOpen ▷
Forex (CFD)5551
Cryptos (CFD)1443
Stocks (CFD)612100
Indices (CFD)2310
ETFs (CFD)31NA
Metals (CFD)92
Energy (CFD)103
Commodities (CFD)7NA
Bonds (CFD)2NA

Trading platforms

Trading platformsAvaTrade ▷FXOpen ▷
MetaTrader 4
MetaTrader 5
cTraderNA
CurrenexNA
Copy trading
Mirror tradingNA
Other platformsNATickTrader
Operating systemsAvaTrade ▷FXOpen ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsAvaTrade ▷FXOpen ▷
Bank transfer
Credit card
Debit card
BitcoinNA
DixiPayNA
FasaPayNA
NETELLERNA
Perfect Money
POLiNA
QIWI WalletNA
Skrill
SorexPayNA
WebMoney
Yandex.MoneyNA
Account base currenciesAvaTrade ▷FXOpen ▷
AUD - Australian Dollar
CHF - Swiss FrancNA
EUR - Euro
GBP - British Pound
JPY - Japanese YenNA
RUB - Russian RoubleNA
SGD - Singapore DollarNA
USD - U.S. Dollar

Regulators

Company informationAvaTrade ▷FXOpen ▷
Company nameAVA Trade EU LtdFXOpen NZ Limited
Head officeDublin, IrelandAuckland, New Zealand
Incorporation date20062005
RegulatorsAvaTrade ▷FXOpen ▷
AustraliaASIC No. 406684AFSL No. 412871
BVICategory 1 - Sub Cat. BNA
IrelandCBI No. C53877NA
JapanFFAJ No.1574NA
NevisNANevis No. C 42235
South AfricaFSCA No. 45984NA
UAEADGM No. 190018NA
UKNAFCA No. 579202

AvaTrade

79% of retail CFD accounts lose money