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 FXDD.
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. FXDD is a better option with a 4 star rating over AvaTrade's 3.5 star rating.
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 alongside FXDD are regulated in a major hub. FXDD is a publicly traded company while AvaTrade is not. How many currency pairs are available to trade? AvaTrade boasts an offering of 60 different currency pairs compared to FXDD's 54 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 FXDD 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. AvaTrade and FXDD offer the same number of charting tools, 31. Both AvaTrade and FXDD provide clients with access to 51 total indicators (eg, moving averages).
Overall, FXDD takes the upper hand with 3.5 stars over AvaTrade's 3 stars. And, when it comes to individual category awards, neither AvaTrade nor FXDD were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.