To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare AvaTrade vs IG Group.
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. IG Group is a better option with a 4.50 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 IG Group both are regulated in a major hub. IG Group is a publicly traded company, AvaTrade isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group offers its clients access to 91 different currency pairs while AvaTrade has 60 available pairs, a difference of 31.
To round out our comparison of AvaTrade vs IG Group, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AvaTrade alongside IG Group 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. AvaTrade and IG Group offer the same number of charting tools, 31. AvaTrade and IG Group offer the same number of indicators (eg, volume), 51.
Overall, IG Group takes the upper hand with 5.00 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading and Best in Class - Investor Education in 2018, while AvaTrade came up with none of these.