AvaTrade vs. PrimeXBT

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
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

79% of retail CFD accounts lose money