FXTM vs AvaTrade: Which One is Better for You?


FXTM vs AvaTrade, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXTM vs AvaTrade, here is the direct comparison:

Feature
Go to FXTM

Go to AvaTrade

Rating

General Rating 3.73/5
4.18/5
Trustpilot 3.7/5

rated by 675 users
4.7/5

rated by 5 users

General Information

Office(s) Belize, Cyprus, Mauritius, South Africa and United Kingdom Australia, Chile, China, France, Germany, Ireland, Italy, Japan, Mexico, Mongolia, Poland and South Africa
Regulation CySEC 185/12
FCA (UK), 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
ASIC 406668
Central Bank of Ireland, C53877
Financial Futures Association (Japan), 1574
Financial Services Regulatory Authority (Abu Dhabi), 190018
FSA (Japan), 1662
FSC (BVI), 2013-07-30
FSCA (South Africa), 45984
IS
Established 2011 2006
Minimum Deposit $10 $100
Maximum Leverage 1:2000 1:400
Spread Variable Fixed
Commissions $2
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, DIXIPAY, FasaPay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money Credit/debit cards, Neteller, Skrill, UnionPay, WebMoney and Wire transfer
Official Website Visit FXTM Visit AvaTrade

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Persian, Polish, Russian, Spanish, Thai, Turkish, Urdu, Vietnamese Arabic, Chinese, English, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish
Email Support
Call Support
Chat Support

Reviews

General Review Read FXTM Review Read AvaTrade Review
User Reviews

WAHYUDI

Jul 27 2020

I registered with fxtm with the name wahyudi

then fxtm agreed to verify my KTP with the name wahyudi

then I deposited with perfectmoney with the name wahyudi

then I traded, and I after there was a slight profit

I want to withdraw

 

BUT!!! when I want to withdraw, fxtm refuses to verify my perfectmoney named wahyudi, they deliberately refuse to verify my perfectmoney, so my money can't be withdrawn, fxtm refuses with a variety of unreasonable reasons.

be careful trading with fxtm, this broker is Fraud! Fxtm never intends to pay.


Dianne

Jul 27 2020

Pro

  • Deposit and withdraw quickly, can be with a bank transfer through an intermediary site, good in this case

Cons

  • Why does it feel like the spread is high? Even it is not in a state of volatility
  • the profit is also not in accordance with the pips even though there is no swap, I'm confused


Rayner Lkea

Jul 27 2020

Very disappointed when trading on fxtm, the candlestick chart is not the same as the default mt4 chart.

Because of that, I got hit by an MC. It's not about the money, it's about trust. Please improve your service immediately. I only trade a small amount yet still cheated. Can't imagine if I deposit a big amount of money. My... my... 


Sicilia RZ

Jul 27 2020

Hi admin, I am new to forex and try to open a demo account on FXTM.

I find it very useful, they provide a forex video tutorial for a newbie like me. thank you FXTM.


Jay

Jul 27 2020

I trade with 2 brokers, one of them is FXTM. I have been trading on FXTM for 1 year, a little of my experience on the FXTM ECN account:

  • open close free position (there are no rules for minutes / pips)
  • fast execution
  • depo instant withdrawal
  • fast response from CS / ASM FXTM every time there are obstacles in trading.

So far there is no problem with FXTM in terms of trading, deposit & withdrawal :)


Geoffrey

Jul 24 2020

I just traded on fxtm but it was very disappointing.

I took the GBP position, early in the morning the price dropped dramatically to 1.20209.

I check my account on another broker, it hits the take profit. Which made me feel weird because on fxtm the price is up to 1.14677, so my account was negative. When I calculated, my account balance supposed to still strong, but in reality, my account is in minus. 


Jeanice Goi

Jul 24 2020

Hi, just want to share about MT4 trading on fxtm, it's been around 7 months and during that time, I've never experienced freeze on its mt4. Nice job. And for my account manager, thanks for the support


Mary

Jul 24 2020

Withdrawal in fxtm via fasapay is very fast! Like cooking an instant noodles XD

For those who don't like to wait, withdrawal in fxtm is very recommended


Hardy Tn

Jul 24 2020

I think this broker deserves a value of 8, especially for its customer service and WD DEPO services. Success for FXTM


Adriana Nella

Jul 24 2020

FXTM is not the only broker I use, but I could say that this is the best. When NFP released, my account at another broker is crashed, it couldn't be executed. There was a completely dead, just can't log in. like how to trade news :)

but on the contrary, my FXTM ECN platform is still running normally even in a hectic market condition. FXTM ECN account is very reliable for scalping.


Halim K

Jul 24 2020

Just a little experience, for those who like Scalping, ECN accounts on fxtm is recommended. It has a fairly low spread and execute on MT4 very fast. This is what I like. 


Pretchavvan Sajmanoo

Jul 24 2020

A little testimonial for FXTM. Yesterday, I withdraw on cent account, in 10 Minutes, the fund already landed on my Fasapay account.


Geekie Boii

Jul 24 2020

Thanks God, cent accounts at FXTM are gradually growing. I'm using FXTM Cent accounts including Nano (can open 0.01 positions and maximum OP to 300 open positions) is not bad for those who use EA


John M

Jul 24 2020

Excellent support. 2 thumbs up for the FXTM account manager, fast response either by telephone or by email.


Charlie Chiaky

Jul 24 2020

I traded on FXTM for 6 months with an Ecn Zero account with a leverage of 1: 1000.

My experience using Ecn Zero: fast execution, stable server, spreads starting from 0.5

I rarely encounter requotes and slippage on FXTM. Overall, FXTM is good for me.


Rommel Djay

Jul 24 2020

I have accounts at 4 brokers, one of them at FXTM. At FXTM, I use an ECN account because I can use any technique there. I am satisfied with the very fast execution and spread on FXTM ECN is relatively small. FXTM is recommended in terms of support, MT4 platform, and spreads


Linda Silverstein

Jul 24 2020

FXTM broker is quite good in my opinion, specifically for customer support and my account manager who has been very helpful to me when there are problems with my account. thanks FXTM


Gerdino Jacqueille

Jul 24 2020

It turns out that FXTM has many types of accounts: ECN, Standard, ECN Zero, Strategy, Pro Account, etc. There are many trading and investment instruments such as forex, precious metals, Stock CFDs, ETF CFDs and Commodity CFDs. Its trading features are easy and very helpful, for example, free of swaps and without commissions and without any hospitalization fees or fees except for very small spreads.

A few months ago I traded with a capital of USD 400, and within 1 month I reached a profit of up to USD 16,000. Again, I also really experience FXTM, this international broker based in Cyprus is very responsible and takes into account the interests of its clients and traders.

Yesterday morning, I was shocked that gold fell and the account had lost USD 1,368.80 due to Error Quotes. But in the afternoon, I got an email from the FXTM Compliance Dept. and a number of illicit loss (forbidden and undesirable losses) that I suffered turned out to get compensation in the form of compensation a refund of USD 1,368.80.

This is very impressive, and this is the first time I've experienced it. Thanks FXTM. Proficiat for new offices in the UK. GBU.


Sigit W

Jul 24 2020

In real trading, I often experience Slippage, and there is always a widening of the spread, for example in GBP / USD the spread often widens to 60-70. And I have experienced it myself. I hope this will be useful info for other traders. Regards.


Addams Bryen

Jul 24 2020

I have had trading experience at Avatrade. It was quite smooth, but not long after that I switched to another broker because I was interested in the conditions and bonuses hehehe .. But clearly during Avatrade there were no negative impressions that I got


Start Trading

Open Real Account Open FXTM Real Account Open AvaTrade Real Account




Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXTM provides their pricing with Variable while AvaTrade offers Fixed.



FXTM vs AvaTrade: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, FXTM enables trading with MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days). The offer is supported with Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, AvaTrade provides trading with MetaTrader 4 (Limited with 21 days), MetaTrader 5 (Limited with 21 days of inactivity), AvaOption (Limited with 21 days of inactivity), AvaTradeGO (Limited with 21 days of inactivity) with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is FXTM or AvaTrade better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, FXTM supports trading with Forex, Gold & silver, CFD, Oil, Futures, Cryptocurrencies, while AvaTrade presents the ability of trading with Forex, Gold & silver, Oil, Stocks, Futures, Indexes, Agriculture, Metals, Energies, Bonds, Spread betting, Cryptocurrencies, CFD.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

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