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 Forex.com (GAIN 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. Forex.com (GAIN Capital) received a rating of 4.50 stars over AvaTrade's 3.50 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 Forex.com (GAIN Capital) both are regulated in a major hub. Forex.com (GAIN Capital) is a publicly traded company while AvaTrade is not. How many currency pairs are available to trade? Forex.com (GAIN Capital) boasts an offering of 84 different currency pairs compared to AvaTrade's 60 available pairs.
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 Forex.com (GAIN 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 Forex.com (GAIN Capital) provide clients with access to 31 total charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, Forex.com (GAIN Capital) takes the upper hand with 4.50 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, Forex.com (GAIN Capital) finished with awards Best in Class - Research and Best in Class - Investor Education in 2018, while AvaTrade came up with none of these.