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FXCM vs AvaTrade 2021

Is AvaTrade better than FXCM? After testing 27 of the best forex brokers over five months, FXCM is better than AvaTrade. While the range of tradeable markets is narrow and pricing is just average, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a winner.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FXCM AvaTrade
Overall 4 4
Commissions & Fees 3.5 4.5
Offering of Investments 4 4
Platforms & Tools 4.5 4
Mobile Trading 4 4
Research 4 3.5
Education 4 4.5
Trust Score 93 93
FXCM Review AvaTrade Review
Winner check_circle
74.74% of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature FXCM AvaTrade
Trust Score 93 93
Year Founded
1999 2006
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 3
Tier-2 Licenses
3 4
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature FXCM AvaTrade
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature FXCM AvaTrade
Forex Trading
Yes Yes
CFDs (Total)
82 722
Forex Pairs (Total)
39 55
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature FXCM AvaTrade
Average Spread EUR/USD - Standard
1.4 (Q2 2020) 0.91 (August 2020)
All-in Cost EUR/USD - Active
1.1 (Q2 2020) 0.61 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature FXCM AvaTrade
Minimum Initial Deposit
£300 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FXCM AvaTrade
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No Yes
ZuluTrade
Yes Yes

Trading Tools

Feature FXCM AvaTrade
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 6
Charting - Indicators / Studies (Total)
52 90
Charting - Drawing Tools (Total)
26 0
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature FXCM AvaTrade
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
No No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
59 93
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature FXCM AvaTrade
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature FXCM AvaTrade
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature FXCM AvaTrade
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature FXCM AvaTrade
Overall 4 4
Commissions & Fees 3.5 4.5
Offering of Investments 4 4
Platforms & Tools 4.5 4
Mobile Trading 4 4
Research 4 3.5
Education 4 4.5
Trust Score 93 93
FXCM Review AvaTrade Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 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, AvaTrade 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 20 international regulator databases. Here's our findings. Both AvaTrade and FXCM hold 3 global Tier-1 licenses. AvaTrade holds 4 global Tier-2 licenses, while FXCM holds 3. All regulators considered, both AvaTrade and FXCM have a Trust Score of 93.00.

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, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM 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. AvaTrade and FXCM both offer copy trading. Both AvaTrade and FXCM offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to FXCM's 39 available pairs. Forex pairs aside, AvaTrade offers traders access to 722 CFDs while FXCM has 82 available CFDs, a difference of 640.

Overall winner: FXCM

Read Next: Best Forex Brokers 2021

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 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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