AvaTrade vs FxPro Review
Is AvaTrade better than FxPro? After scoring forex brokers on nearly 100 different variables, FxPro is better than AvaTrade. With regulatory licenses across the globe, competitive pricing, reliable customer service, and a full platform lineup including MT4, MT5, and cTrader, FxPro’s only notable weakness is its offering of forex market research tools.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. FxPro is a better option with a 4.00 star rating over AvaTrade's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. AvaTrade and FxPro both are regulated in a major hub. Neither AvaTrade and FxPro are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. AvaTrade trails FxPro by 10 total currency pairs (for example, EUR/USD), with FxPro offering 70 and AvaTrade offering 60.
To round out our comparison of AvaTrade vs FxPro, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both AvaTrade and FxPro offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both brokers offer clients access to the same number of charting tools, 31. Both AvaTrade and FxPro provide clients with access to 51 total indicators (eg, moving averages).
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.