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AvaTrade vs FxPro 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is AvaTrade better than FxPro? 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. FxPro is considered low-risk, with an overall Trust Score of 90 out of 99. Learn more about Trust Score.

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Overall RatingAvaTradeFxProIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education5 Stars4 Stars5 Stars
Trust Score939099
Winnercheck_circle
ReviewAvaTrade ReviewFxPro ReviewIG Review
RegulationAvaTradeFxProIG
Trust Score939099
Year Founded200620061974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses417
Tier-2 Licenses322
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA “Yes” 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 “Yes” 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 “Yes” 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)AvaTradeFxProIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)YesNoNo
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)AvaTradeFxProIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)YesNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)AvaTradeFxProIG
SCB Authorised (Bahamas)NoYesNo
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
InvestmentsAvaTradeFxProIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1260224919537
Forex Pairs (Total)5570100
U.S. Stock Trading (Non CFD)NoNoYes
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).
CostAvaTradeFxProIG
Average Spread EUR/USD - Standard0.91 (Aug 2020) 1.51 (August 2020)0.86 (September 2022)
All-in Cost EUR/USD - Active0.61 (Aug 2020)1.27 (August 2020)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingAvaTradeFxProIG
Minimum Initial Deposit$100$100£250.00
PayPal (Deposit/Withdraw)YesYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsAvaTradeFxProIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoYesNo
DupliTradeYesNoNo
ZuluTradeYesNoNo
Trading ToolsAvaTradeFxProIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields61914
Charting - Indicators / Studies (Total)907633
Charting - Drawing Tools (Total)132220
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingAvaTradeFxProIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies736533
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchAvaTradeFxProIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationAvaTradeFxProIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsAvaTradeFxProIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewAvaTrade ReviewFxPro ReviewIG Review
OverallAvaTradeFxProIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education5 Stars4 Stars5 Stars
Trust Score939099
Winnercheck_circle
ReviewAvaTrade ReviewFxPro ReviewIG Review
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AvaTrade vs FxPro 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 FxPro.

Does AvaTrade or FxPro 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 FxPro 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 FxPro holds 1. AvaTrade holds 3 global Tier-2 licenses, while FxPro holds 2. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than FxPro.

Which trading platform is better: AvaTrade or FxPro?

To compare the trading platforms of both AvaTrade and FxPro, 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 FxPro offer MetaTrader 4 (MT4).AvaTrade and FxPro both offer copy trading.

How many forex pairs and CFDs are available to trade?

FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to AvaTrade's 55 available pairs. Forex pairs aside, FxPro offers traders access to 2249 CFDs while AvaTrade has 1260 available CFDs, a difference of 989.

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 FxPro?

FxPro is not publicly traded and does not operate a bank. FxPro is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

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 FxPro good?

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” 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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