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AvaTrade vs Interactive Brokers Review

Steven Hatzakis

Published by Steven Hatzakis


Monday, January 15th, 2018

Our ForexBrokers.com team spent seven months and hundreds of hours assessing 20 different forex broker accounts for trading FX. In total, over 5,000 data points were collected. For this review, we will compare AvaTrade vs Interactive Brokers.

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. Interactive Brokers is a better option with a 4.00 star rating over AvaTrade's 3.00 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. Both AvaTrade and Interactive Brokers are regulated in a major hub. Interactive Brokers is a publicly traded company while AvaTrade is not. How many currency pairs are available to trade? AvaTrade trails Interactive Brokers by 26 total currency pairs (for example, EUR/USD), with Interactive Brokers offering 85 and AvaTrade offering 59.

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 has Meta Trader, Interactive Brokers doesn't. Within the trading platform, charting should be robust, so 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 40 total different indicators (for example, moving averages), with Interactive Brokers offering 91 and AvaTrade offering 51.

Overall, Interactive Brokers boasts 4.00 stars versus AvaTrade's 3.50 stars. And, when it comes to individual category awards, both AvaTrade and Interactive Brokers found themselves without awards for 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 in 2017.
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Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Education
Commissions & Fees
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Authorized (USA)
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Publicly-Traded Company (Listed)
All-in Cost EUR/USD - Active
All-in Cost GBP/USD - Active
All-in Cost USD/JPY - Active
All-in Cost USD/CHF - Active
All-in Cost USD/CAD - Active
All-in Cost NZD/USD - Active
All-in Cost AUD/USD - Active
Average Spread EUR/USD - Standard
Average Spread AUD/USD - Standard
Average Spread GBP/USD - Standard
Average Spread NZD/USD - Standard
Average Spread USD/JPY - Standard
Average Spread USD/CHF - Standard
Average Spread NZD/USD - Standard
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Cryptocurrency (Bitcoin)
Minimum Initial Deposit
Proprietary
Platform - Web Based
Social Trading / Copy-Trading
MT4 (Desktop/Mobile)
cTrader
Currenex
ZuluTrade
MirrorTrader
ProTrader (PTMC)
NinjaTrader
MetaTrader5 (MT5)
CFDs - Total Offered
CFDs on Single Stocks (Shares)
CFDs on Indices
CFDs on Metals
CFDs on Commodities
CFDs on Energy
CFDs on Futures or Options
CFDs on Treasuries or Bonds
Currency Pairs (Total Forex pairs)
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
AUDCAD (or CADAUD)
AUDCHF (or CHFAUD)
AUDJPY (or JPYAUD)
AUDNZD (or NZDAUD)
CADCHF (or CHFCAD)
CADJPY (or JPYCAD)
CHFJPY (or JPYCHF)
EURAUD (or AUDEUR)
EURCAD (or CADEUR)
EURCHF (or CHFEUR)
EURGBP (or GBPEUR)
EURJPY (or JPYEUR)
EURNZD (or NZDEUR)
EURSEK (or SEKEUR)
EURTRY (or TRYEUR)
EURZAR (or ZAREUR)
GBPCAD (or CADGBP)
GBPJPY (or JPYGBP)
GBPNZD (or NZDGBP)
GBPCHF (or CHFGBP)
GBPJPY (or JPYGBP)
GBPNZD (or NZDGBP)
NZDCAD (or CADNZD)
NZDCHF (or CHFNZD)
NZDJPY (or JPYNZD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Customizable Homescreen
Alerts Delivery - Push Notifications
Watch List (Real-Time)
Charting - Multiple Time Frames
Charting - Technical Studies/Indicators
Charting - Trend Lines Moveable
Charting - Trend Lines (Drawing Tools)
iPad App
Android Tablet App
iPhone App
Android App
Mini (Contract Size 10k)
Active Trader or Premium/VIP
Standard (Contract Size 100k)
Trust Score
AvaTrade
AvaTrade Review
 
3.5
3
3
3.5
-1
4
3
3
 
Yes
Yes
No
No
No
Yes
No
No
No
Yes
No
No
No
 
1.8
3
1.6
2.7
2.8
2.9
2.6
 
1.8
2.6
3
2.9
1.6
2.7
2.9
 
Yes
Yes
Yes
Yes
No
No
$100.00
 
No
Yes
Yes
Yes
No
No
Yes
Yes
No
No
No
 
205
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
59
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
No
No
Yes
Yes
30
No
Yes
 
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Interactive Brokers
Trade on over 120 market centers in 26 countries Learn More
Interactive Brokers Review
 
4
4.5
4
4.5
3
4.5
4
4
 
Yes
No
Yes
Yes
No
No
No
Yes
Yes
Yes
No
No
Yes
 
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 
N/A
N/A
N/A
N/A
N/A
N/A
N/A
 
Yes
No
No
No
No
No
$10,000
 
Yes
No
No
No
No
No
No
No
No
No
No
 
4217
Yes
Yes
No
No
No
No
No
 
85
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
No
Yes
No
No
 
No
Yes
Yes
Yes
68
No
No
 
No
No
Yes
Yes
 
Yes
Yes
Yes

Trading CFDs and FX involves a high degree of risk. All data was obtained from a published web site as of 4/05/2017 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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