AvaTrade vs XM
AvaTrade and XM side by side: costs, licences, platforms and scores.
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AvaTrade
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| Broker | AvaTrade | XM |
|---|---|---|
| Overall score | 8.0 | 7.8 |
| Regulation | 8.4 | 7.8 |
| Costs | 7.4 | 7.4 |
| Platform | 8.3 | 7.8 |
| Education | 8.0 | 8.5 |
| Support | 8.0 | 7.6 |
| Cost per lot EUR/USD | €8.29 | €10.14 |
| Typical spread EUR/USD | 0.9 pip | 1.1 pip |
| Commission | None | None |
| Minimum deposit | €100 | €5 |
| Regulator | CBI | CySEC |
| Platforms | MetaTrader 4, MetaTrader 5, Web trader, Proprietary | MetaTrader 4, MetaTrader 5, Web trader, Proprietary |
| Instruments | Forex, Indices, Commodities, Shares, ETFs, Crypto, Bonds | Forex, Indices, Commodities, Shares |
| Customer service | 24/5 via chat, phone, WhatsApp and email, in 15 languages | 24/5 via chat, email and phone, in many languages |
| Founded | 2006 | 2009 |
Which one suits you?
Best for: Active traders who want to use MetaTrader
AvaTrade serves European clients from Dublin, licensed by the Central Bank of Ireland. You trade through MetaTrader 4, MetaTrader 5, a web trader or its own app, in more than 1,250 CFDs and vanilla options. Tight EUR/USD spreads, but steep fees if you stop trading for a while.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with AvaTrade. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best for: MetaTrader users starting with a small amount
XM is a Cyprus-based broker (CySEC) where you trade through MetaTrader 4, MetaTrader 5 or its own app. EU clients choose between an Ultra Low account without commission and a Zero account with tight spreads plus commission. Strong on education and analysis, narrower in instruments.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with XM. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.