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AvaTrade vs FXCM 2019

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Is AvaTrade better than FXCM? After assessing forex brokers on nearly 100 different variables, FXCM is better than AvaTrade. While its range of tradeable markets is narrow, FXCM caters well to high-volume traders, algorithmic traders, and traders that appreciate robust charting tools and quality market research.

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.

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Overall Rating

Feature AvaTrade FXCM
Overall 3 4
AvaTrade Review FXCM Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature AvaTrade FXCM
Trust Score 82 90
Year Founded
2006 1999
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
2 3
Tier-2 Licenses
1 2
Tier-3 Licenses
2 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Tier-2 Licenses

Feature AvaTrade FXCM
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No Yes
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
Yes Yes
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature AvaTrade FXCM
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No No
Offshore Authorised
Yes No

Investments

Feature AvaTrade FXCM
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 39
CFDs - Total Offered
171 24
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature AvaTrade FXCM
Average Spread EUR/USD - Standard
0.7 (as of Q3 2018) 1.3 (as of Apr -Jun 18)
All-in Cost EUR/USD - Active
N/A 0.8 (as of Nov 18)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3.5
Winner check_circle

Funding

Feature AvaTrade FXCM
Minimum Initial Deposit
$100.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature AvaTrade FXCM
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 No
cTrader
No No

Trading Tools

Feature AvaTrade FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 4.5
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Mobile Trading

Feature AvaTrade FXCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 3 4
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Research

Feature AvaTrade FXCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No Yes
AutoChartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3 4
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Education

Feature AvaTrade FXCM
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature AvaTrade FXCM
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
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature AvaTrade FXCM
AvaTrade Review FXCM Review
Overall 3 4
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare AvaTrade vs FXCM.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both AvaTrade and FXCM share a rating of 3.50 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. AvaTrade and FXCM both are regulated in a major hub. FXCM is a publicly traded company, AvaTrade isn't. As far as how many currency pairs are available for trading, here's the answer. AvaTrade boasts an offering of 60 different currency pairs compared to FXCM's 39 available pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both AvaTrade and FXCM offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Both AvaTrade and FXCM provide clients with access to 51 total indicators (eg, moving averages).

AvaTrade Review
FXCM Review


Trading CFDs, FX, and cryptocurrencies involves 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 web site as of 02/18/2019 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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