Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare AvaTrade vs ETX Capital .
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. ETX Capital received a rating of 4 stars over AvaTrade's 3.5 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. AvaTrade and ETX Capital both are regulated in a major hub. Neither are publicly traded companies. How many currency pairs are available to trade? ETX Capital trails AvaTrade by 1 total currency pairs (for example, EUR/USD), with AvaTrade offering 60 and ETX Capital offering 59.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AvaTrade alongside ETX Capital offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both AvaTrade and ETX Capital provide clients with access to 31 total charting tools. AvaTrade and ETX Capital offer the same number of indicators (eg, volume), 51.
Overall, ETX Capital takes the upper hand with 3.5 stars over AvaTrade's 3 stars. And, when it comes to individual category awards, both AvaTrade and ETX Capital found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.