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AvaTrade vs FXCM 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is AvaTrade better than FXCM? In our analysis of 23 international regulators across 39 of the best forex brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. FXCM is considered low-risk, with an overall Trust Score of 96 out of 99. Learn more about Trust Score.

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Overall RatingAvaTradeFXCMIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars5 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4 Stars4.5 Stars5 Stars
Education5 Stars4 Stars5 Stars
Trust Score939699
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ReviewAvaTrade ReviewFXCM ReviewIG Review
RegulationAvaTradeFXCMIG
Trust Score939699
Year Founded200619991974
Publicly Traded (Listed)NoYesYes
BankNoNoYes
Tier-1 Licenses437
Tier-2 Licenses332
Tier-3 Licenses101
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)AvaTradeFXCMIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)YesYesNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)YesNoNo
FSA Authorised (Japan)YesNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)AvaTradeFXCMIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)YesYesNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)AvaTradeFXCMIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)YesNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsAvaTradeFXCMIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)126044119537
Forex Pairs (Total)5544100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostAvaTradeFXCMIG
Average Spread EUR/USD - Standard0.91 (Aug 2020) 1.38 (Q2 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.61 (Aug 2020)1.38 (Q2 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingAvaTradeFXCMIG
Minimum Initial Deposit$100Starts from $50ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsAvaTradeFXCMIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesNoNo
cTraderNoNoNo
DupliTradeYesNoNo
ZuluTradeYesYesNo
Trading ToolsAvaTradeFXCMIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields61214
Charting - Indicators / Studies (Total)905733
Charting - Drawing Tools (Total)132620
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingAvaTradeFXCMIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies735933
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchAvaTradeFXCMIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoYesYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationAvaTradeFXCMIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesYesYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsAvaTradeFXCMIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewAvaTrade ReviewFXCM ReviewIG Review
OverallAvaTradeFXCMIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars5 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4 Stars4.5 Stars5 Stars
Education5 Stars4 Stars5 Stars
Trust Score939699
Winnercheck_circle
ReviewAvaTrade ReviewFXCM ReviewIG Review
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AvaTrade vs FXCM Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs FXCM.

Does AvaTrade or FXCM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is AvaTrade or FXCM safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AvaTrade holds 4 global Tier-1 licenses, while FXCM holds 3. Both AvaTrade and FXCM hold 3 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FXCM earned a higher Trust Score than AvaTrade.

Which trading platform is better: AvaTrade or FXCM?

To compare the trading platforms of both AvaTrade and FXCM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both AvaTrade and FXCM offer MetaTrader 4 (MT4).AvaTrade and FXCM both offer copy trading.

How many forex pairs and CFDs are available to trade?

AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to FXCM's 44 available pairs. Forex pairs aside, AvaTrade offers traders access to 1260 CFDs while FXCM has 441 available CFDs, a difference of 819.

Can I trust AvaTrade?

AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Is AvaTrade good?

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Is FXCM good?

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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