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XM vs AvaTrade

 
 
Product Info
XM

XM Review
AvaTrade

AvaTrade Review
Description - -
Awards
  • Best FX Service Provider – Awarded by the City of London Wealth Management Awards in 2024.
  • Best CFDs Broker in the MENA Region – Won at the Forex Expo Dubai in 2024, acknowledging XM’s prominence in the Middle East and North Africa.
  • Global Forex Broker of the Year – XM was awarded this title by the Global Forex Awards in 2024, further cementing its reputation as a top-tier broker globally.
  • Most Trusted Broker – Recognized by CFI.co (Capital Finance International) in 2024 for the broker's commitment to transparency and trustworthiness.
  • Best Overall Broker 2022 – DayTrading.com
  • Best Trading App 2021 – DayTrading.com
  • Best Forex Broker 2019 – DayTrading.com
Demo Account Yes, with $100,000USD Yes
Max Payout Not fixed -
Out-of-Money Reward - -
Deposit Options - CFD, Forex, Crypto, Stocks, Options Credit Card,  Debit Card,  FasaPay,  JCB Card,  Mastercard,  MoneyGram,  Neteller,  Perfect Money,  Skrill,  Swift,  WebMoney,  Western Union,  Wire Transfer
Mimimum deposit $30 $100
Customer Support Types - -
Bonus Type - Welcome bonus 20% up to 10.000$
Bonus Size 100% 20%
Deposit Currencies USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN USD, EUR, GBP, AUD, CAD
Regulation
  • Cyprus Securities and Exchange Commission (CySEC) – XM’s parent company, Trading Point of Financial Instruments Ltd, is regulated by CySEC (license number 120/10). CySEC is a widely respected European financial regulatory authority that ensures brokers operate transparently and ethically.
  • Australian Securities and Investments Commission (ASIC) – Trading Point of Financial Instruments Pty Ltd, a part of XM, is regulated by ASIC (license number 443670). ASIC is one of the most reputable regulators in the world, known for its stringent standards in the financial sector.
  • International Financial Services Commission (IFSC) – XM Global is regulated by the IFSC in Belize (license number 000261/158). While IFSC is a tier-3 regulator, it ensures that brokers comply with international financial standards.
  • Dubai Financial Services Authority (DFSA) – XM operates under Trading Point MENA Limited, which is regulated by the DFSA (license number F003484). This regulator ensures XM meets high standards of financial transparency and integrity in the Middle East.

 

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Trading Platform MetaTrader 4, MetaTrader 5, Proprietary web platform MetaTrader 4 platform,  MetaTrader 5 platform,  Meta Trader for Mac,  Meta Trader for mobile trading (Download the Avatrade app directly here),  Meta Trader for web trading,  The AvaTradeAct platform (Proprietary Platform)
Maximum Trade 100,000 units -
Minimum Trade 0.1 pips $.01
Trading Instruments
  • Micro Accounts: Micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency.
  • Ultra Low Accounts: XM Ultra Low Accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $5 USD. 1 Standard Ultra lot is 100,000 units of the chosen base currency, whereas, 1 Micro Ultra lot is 1,000 units of the base currency. XM Ultra Low Accounts are not applicable to all entities of the group.
  • Standard: Standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency.
  • Zero Accounts: Zero accounts can use USD, JPY and EUR as the base currency and traders will require a minimum deposit of $5USD. Like the Standard account, 1 standard lot is 100,000 units of the chosen base currency. Zero accounts are not applicable to all the entities of the XM Group.

CFD, Forex, Crypto, Stocks, Options

  • Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
  • Cryptocurrency – (Not available in Canada or UK) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin cash.
  • Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading these financial assets.
  • Options – Avatrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product.
Online Since 2009 2006
Trading Options - -
Tools Offered - -
Languages English, Malay, 简体中文, 繁体中文, Ελληνικά, Magyar, Русский, Indonesia, Français, Italiano, Svenska, Deutsch, Polski, العربية, Español, 한국어, Português, Tiếng Việt, ภาษาไทย, Filipino, Dutch, Česky, বাংলা, اردو, Türkçe Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar
Commission - -