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AvaTrade vs CMC Markets Review

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, January 9th, 2018

After spending seven months and hundreds of hours researching 20 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 5,000 data points. For this review, we will compare AvaTrade vs CMC Markets.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. CMC Markets is a better option with a 5.00 star rating over AvaTrade's 3.00 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both AvaTrade and CMC Markets are regulated in a major hub. CMC Markets is a publicly traded company, while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. CMC Markets offers its clients access to 183 different currency pairs while AvaTrade has 59 available pairs, a difference of 124.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade offers Meta Trader while CMC Markets does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. AvaTrade boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. AvaTrade trails CMC Markets by 18 total different indicators (for example, moving averages), with CMC Markets offering 69 and AvaTrade offering 51.

Overall, CMC Markets boasts 4.50 stars versus AvaTrade's 3.50 stars. And, when it comes to individual category awards, CMC Markets posted awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2017, while AvaTrade found itself with none of these.
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Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Education
Commissions & Fees
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Authorized (USA)
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Publicly-Traded Company (Listed)
All-in Cost EUR/USD - Active
All-in Cost GBP/USD - Active
All-in Cost USD/JPY - Active
All-in Cost USD/CHF - Active
All-in Cost USD/CAD - Active
All-in Cost NZD/USD - Active
All-in Cost AUD/USD - Active
Average Spread EUR/USD - Standard
Average Spread AUD/USD - Standard
Average Spread GBP/USD - Standard
Average Spread NZD/USD - Standard
Average Spread USD/JPY - Standard
Average Spread USD/CHF - Standard
Average Spread NZD/USD - Standard
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Cryptocurrency (Bitcoin)
Minimum Initial Deposit
Proprietary
Platform - Web Based
Social Trading / Copy-Trading
MT4 (Desktop/Mobile)
cTrader
Currenex
ZuluTrade
MirrorTrader
ProTrader (PTMC)
NinjaTrader
MetaTrader5 (MT5)
CFDs - Total Offered
CFDs on Single Stocks (Shares)
CFDs on Indices
CFDs on Metals
CFDs on Commodities
CFDs on Energy
CFDs on Futures or Options
CFDs on Treasuries or Bonds
Currency Pairs (Total Forex pairs)
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
AUDCAD (or CADAUD)
AUDCHF (or CHFAUD)
AUDJPY (or JPYAUD)
AUDNZD (or NZDAUD)
CADCHF (or CHFCAD)
CADJPY (or JPYCAD)
CHFJPY (or JPYCHF)
EURAUD (or AUDEUR)
EURCAD (or CADEUR)
EURCHF (or CHFEUR)
EURGBP (or GBPEUR)
EURJPY (or JPYEUR)
EURNZD (or NZDEUR)
EURSEK (or SEKEUR)
EURTRY (or TRYEUR)
EURZAR (or ZAREUR)
GBPCAD (or CADGBP)
GBPJPY (or JPYGBP)
GBPNZD (or NZDGBP)
GBPCHF (or CHFGBP)
GBPJPY (or JPYGBP)
GBPNZD (or NZDGBP)
NZDCAD (or CADNZD)
NZDCHF (or CHFNZD)
NZDJPY (or JPYNZD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Customizable Homescreen
Alerts Delivery - Push Notifications
Watch List (Real-Time)
Charting - Multiple Time Frames
Charting - Technical Studies/Indicators
Charting - Trend Lines Moveable
Charting - Trend Lines (Drawing Tools)
iPad App
Android Tablet App
iPhone App
Android App
Mini (Contract Size 10k)
Active Trader or Premium/VIP
Standard (Contract Size 100k)
Trust Score
AvaTrade
AvaTrade Review
 
3.5
3
3
3.5
-1
4
3
3
 
Yes
Yes
No
No
No
Yes
No
No
No
Yes
No
No
No
 
1.8
3
1.6
2.7
2.8
2.9
2.6
 
1.8
2.6
3
2.9
1.6
2.7
2.9
 
Yes
Yes
Yes
Yes
No
No
$100.00
 
No
Yes
Yes
Yes
No
No
Yes
Yes
No
No
No
 
205
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
59
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
No
No
Yes
Yes
30
No
Yes
 
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
CMC Markets
CMC Markets Review
 
4.5
5
5
4.5
4
4.5
4
5
 
Yes
Yes
No
Yes
No
Yes
Yes
Yes
No
No
No
Yes
Yes
 
0.772
1.115
0.75
1.801
1.751
2.011
0.774
 
0.772
0.744
1.115
2.011
0.75
1.801
2.011
 
Yes
Yes
No
No
No
No
$0.00
 
Yes
Yes
No
No
No
No
No
No
No
No
No
 
10172
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
183
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
Yes
No
Yes
Yes
23
Yes
Yes
 
Yes
No
Yes
Yes
 
Yes
Yes
Yes

Trading CFDs and FX involves a high degree of risk. All data was obtained from a published web site as of 4/05/2017 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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