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Interactive Brokers vs AvaTrade 2021

Is AvaTrade better than Interactive Brokers? After testing 27 of the best forex brokers over five months, Interactive Brokers is better than AvaTrade. Professional forex and CFD traders seeking a global multi-asset broker will find Interactive Brokers offers a sophisticated, institutional grade trading platform, and competitive fees.


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.

Overall Rating

Feature Interactive Brokers AvaTrade
Overall 4.5 4
Commissions & Fees 4.5 4.5
Offering of Investments 5 4
Platforms & Tools 4.5 4
Mobile Trading 4 4
Research 4.5 3.5
Education 4 4.5
Trust Score 94 93
Interactive Brokers Review AvaTrade Review
Winner check_circle
66% of retail CFD accounts lose money 79% of retail CFD accounts lose money

Regulation

Feature Interactive Brokers AvaTrade
Trust Score 94 93
Year Founded
1977 2006
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
6 3
Tier-2 Licenses
0 4
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

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

Investments

Feature Interactive Brokers AvaTrade
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
105 55
CFDs - Total Offered
7400 722
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes

Cost

Feature Interactive Brokers AvaTrade
Average Spread EUR/USD - Standard
N/A 0.91 (August 2020)
All-in Cost EUR/USD - Active
N/A 0.61 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

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

Trading Platforms

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

Trading Tools

Feature Interactive Brokers AvaTrade
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
494 6
Charting - Indicators / Studies (Total)
121 90
Charting - Drawing Tools (Total)
9 0
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Interactive Brokers AvaTrade
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
70 93
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

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

Education

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

Major Forex Pairs

Feature Interactive Brokers AvaTrade
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 Interactive Brokers AvaTrade
Overall 4.5 4
Commissions & Fees 4.5 4.5
Offering of Investments 5 4
Platforms & Tools 4.5 4
Mobile Trading 4 4
Research 4.5 3.5
Education 4 4.5
Trust Score 94 93
Interactive Brokers Review AvaTrade Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs Interactive Brokers.

Does AvaTrade or Interactive Brokers 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, AvaTrade offers better pricing overall for traders.

Is AvaTrade or Interactive Brokers safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Interactive Brokers holds 6 global Tier-1 licenses, while AvaTrade holds 3. AvaTrade holds 4 global Tier-2 licenses, while Interactive Brokers holds 0. All regulators considered, Interactive Brokers has a Trust Score of 94.00, while AvaTrade's Trust Score is 93.00.

Which trading platform is better: AvaTrade or Interactive Brokers?
To compare the trading platforms of both AvaTrade and Interactive Brokers, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers 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. While AvaTrade offers copy trading, Interactive Brokers does not. AvaTrade offers MetaTrader 4 (MT4), while Interactive Brokers does not.

How many forex pairs and CFDs are available to trade?
Interactive Brokers provides traders 105 currency pairs (e.g., EUR/USD) compared to AvaTrade's 55 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 7400 CFDs while AvaTrade has 722 available CFDs, a difference of 6,678.

Overall winner: Interactive Brokers

Read Next: Best Forex Brokers 2021

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Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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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