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.
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 received a rating of 4.5 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 FOREX.com both are regulated in a major hub. FOREX.com is a publicly traded company, AvaTrade isn't. How many currency pairs are available to trade? AvaTrade trails FOREX.com by 24 total currency pairs (for example, EUR/USD), with FOREX.com offering 84 and AvaTrade offering 60.
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 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. FOREX.com trails AvaTrade by 9 total charting tools, with AvaTrade offering 31 and FOREX.com offering 22. FOREX.com boasts an offering of 139 different indicators (for example, moving averages) compared to AvaTrade's 51 available indicators.
Overall, FOREX.com comes out on top with 4 stars over AvaTrade's 3 stars. And, when it comes to individual category awards, FOREX.com was rated Best in Class - Research and Best in Class - Mobile Trading in 2018, while AvaTrade was rated none of these.