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AvaTrade vs FXTM | Broker Comparison

Best trading broker comparisons. We compared AvaTrade vs FXTM to see what key differences we could find.

Our goal was to create a side by side comparison of the approved brokers on wecomparebrokers to give you an at-a-glance overview of their features, broker details and fees. Our broker reviews and comparisons done by us testing accounts with real money and from the traders view point. You can also use our broker finder to look for a broker specific to your requirements.

Below is a comparison between AvaTrade vs FXTM

In our testing, we used our trading accounts and ranked various points that we liked, did not like or were indifferent to. We tried to be objective and be fair minded when evaluating certain characteristics, based on what features the broker had to offer in compared with how competitive their fees are. Additionally, we have created our own unique rating system which use for judging all brokers in our side-by-side broker comparisons.

AvaTrade Review

ForexTime (FXTM) Review

Basic Information

Year Founded

First broker:

2006

Second broker:

2011

Headquarters Location

First broker:

Ireland + 6 global offices

Second broker:

Limassol, Cyprus

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

Central Bank of Ireland

Second broker:

CySEC

Minimum Deposit

First broker:

$100

Second broker:

$10

Fixed Spreads?

First broker:

YES

Second broker:

Trading Type

First broker:

Market Maker

Second broker:

ECN, STP

Commissions on Trades

First broker:

Second broker:

YES

CFD Loss Rate

First broker:

71% loss rate on CFDs

Second broker:

69% loss rate on CFDs

Maximum Leverage

First broker:

1:400

Second broker:

1:30

Currency Pairs Offered

First broker:

Second broker:

50+

General Average Rating - 3 scale

First broker:

2,16

Second broker:

2,13

Background

Value

Score

Value

Score

Year Founded

First broker:

2006

3,0

Second broker:

2011

2,5

Headquarters location + Offices

First broker:

Ireland + 6 global offices

3,0

Second broker:

Limassol, Cyprus

2,0

Publicly traded?

First broker:

Private

2,0

Second broker:

1,5

Size Measure

First broker:

200,000 traders, $60 bil mo vol

2,0

Second broker:

1 million accts

2,0

Summary Score

First broker:

2,50

Second broker:

2,00

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

Central Bank of Ireland

3,0

Second broker:

CySEC

2,0

Multiple compliance

First broker:

ASIC, Japan, British Virgin Islands

3,0

Second broker:

FCA, IFSC, FSCA

2,5

Safety of Deposits

First broker:

Segregated accts + Ireland Insurance

2,5

Second broker:

Safe if EU, segegated accts

2,0

Summary Score

First broker:

2,88

Second broker:

2,38

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

None on some acct types

1,5

Second broker:

Generally low fees/spreads

2,5

General

First broker:

Transparency, some hidden

1,5

Second broker:

Confusing by acct/platform

1,5

Spreads

First broker:

Avg to competitive by acct type

1,5

Second broker:

Spreads vary by acct/platform

1,5

Summary Score

First broker:

1,50

Second broker:

2,00

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Broad based

2,0

Second broker:

150 CFDs

1,0

Forex - Breadth

First broker:

Average

2,5

Second broker:

Average

2,5

Other: Comm, Crypto, Spread, CFD?

First broker:

Comm, Cryp, CFD, Optns, SB

3,0

Second broker:

Comm, Crypto, CFD, No SB

2,0

Summary Score

First broker:

2,50

Second broker:

1,83

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

MT4

3,0

Second broker:

Metatrader Only

3,0

Proprietary options

First broker:

ACT software + Options system

2,5

Second broker:

None

2,0

Special Advanced?

First broker:

No mobile support for ACT

1,5

Second broker:

Confusing array of options

2,0

Summary Score

First broker:

2,33

Second broker:

2,33

Special Features

Value

Score

Value

Score

Feature A

First broker:

Mirror trade with Zulu, DupliTrade

2,5

Second broker:

Auto-trading platform

2,5

Feature B

First broker:

Fees based on acct type

1,5

Second broker:

Social/Copy trading

2,5

Feature C

First broker:

Auto-Chartist for $500 acct

1,5

Second broker:

No trading on mobile app

1,0

Summary Score

First broker:

1,83

Second broker:

2,00

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Limited - video and You-Tube

1,5

Second broker:

Twice daily updates

2,5

Technical Anlaysis

First broker:

Links for TA and FA

1,5

Second broker:

Included in commentary

2,5

Other Guidance

First broker:

Some technical signals

1,5

Second broker:

Basic tools

2,0

Summary Score

First broker:

1,67

Second broker:

2,33

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Broad coverage

2,5

Second broker:

Good to average above

2,5

Webinars/Support

First broker:

Begin, Inter, and Advanced covered

2,5

Second broker:

ebooks, webinars, videos

2,0

General

First broker:

71% loss rate on CFDs

1,5

Second broker:

69% loss rate on CFDs

2,0

Summary Score

First broker:

2,17

Second broker:

2,17

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES + Int'l offices

3,0

Second broker:

YES

3,0

Responsiveness

First broker:

Chat delayed

2,0

Second broker:

Above average

2,5

FAQs? Quality?

First broker:

More than adequate

2,5

Second broker:

Average

2,0

Summary Score

First broker:

2,50

Second broker:

2,50

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Social trading included

2,0

Second broker:

Auto-trading platform

2,5

Pro #2

First broker:

Good educational focus

2,5

Second broker:

Social/Copy trading

2,5

Pro #3

First broker:

Low fees for some accts

2,0

Second broker:

Low fees but confusing

2,0

Con #1

First broker:

Focus on begin and mid-level

2,0

Second broker:

Low asset coverage

1,5

Con #2

First broker:

No news integration

1,0

Second broker:

Confusing options platforms

1,0

Con #3

First broker:

Still operates dealing desk

1,0

Second broker:

No spread betting in UK

1,0

Summary Score

First broker:

1,75

Second broker:

1,75

General Average Rating - 3 scale

First broker:

2,16

Second broker:

2,13