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AvaTrade vs Interactive Brokers 2019

Is AvaTrade better than Interactive Brokers? After assessing forex brokers on nearly 100 different variables, Interactive Brokers is better than AvaTrade. Professional traders and highly experienced investors looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.
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 Interactive Brokers
Overall 3 4
AvaTrade Review Interactive Brokers Review
74-89% of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature AvaTrade Interactive Brokers
Trust Score 82 91
Year Founded
2006 1977
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
2 5
Tier-2 Licenses
1 0
Tier-3 Licenses
2 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature AvaTrade Interactive Brokers
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
60 105
CFDs - Total Offered
221 6100
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 4.5
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Cost

Feature AvaTrade Interactive Brokers
Average Spread EUR/USD - Standard
1.3 (Sep 19) N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 4
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Funding

Feature AvaTrade Interactive Brokers
Minimum Initial Deposit
$100.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

Feature AvaTrade Interactive Brokers
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature AvaTrade Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 300
Charting - Indicators / Studies (Total)
51 121
Charting - Drawing Tools (Total)
31 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 4
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Mobile Trading

Feature AvaTrade Interactive Brokers
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 68
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No No
Mobile Trading 3 4
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Research

Feature AvaTrade Interactive Brokers
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No No
AutoChartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 3 3.5
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Education

Feature AvaTrade Interactive Brokers
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
No Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature AvaTrade Interactive Brokers
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

Overall

Feature AvaTrade Interactive Brokers
AvaTrade Review Interactive Brokers Review
Overall 3 4
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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 Interactive Brokers.

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. Interactive Brokers's score is 4.00 stars versus AvaTrade's 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. Both AvaTrade and Interactive Brokers are regulated in a major hub. Interactive Brokers is a publicly traded company while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. AvaTrade trails Interactive Brokers by 55 total currency pairs (for example, EUR/USD), with Interactive Brokers offering 115 and AvaTrade offering 60.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade has Meta Trader, Interactive Brokers doesn't. 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. AvaTrade offers its clients access to 31 charting tools while Interactive Brokers has 9 charting tools, a difference of 22. AvaTrade trails Interactive Brokers by 70 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and AvaTrade offering 51.

AvaTrade Review
Interactive Brokers 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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