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AvaTrade vs iTrader 2019

Is AvaTrade better than iTrader? After assessing the best forex brokers on nearly 100 different variables, AvaTrade is better than iTrader. While AvaTrade is regulated and provides multiple platforms for algorithmic and social copy-trading, the broker left us unimpressed. Customer service is terrible, pricing is just average, less than 300 instruments are available to trade, and research is underwhelming.
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 iTrader
Overall 3 3
AvaTrade Review iTrader Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature AvaTrade iTrader
Trust Score 87 66
Year Founded
2006 2012
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
3 0
Tier-2 Licenses
1 1
Tier-3 Licenses
2 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature AvaTrade iTrader
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
60 50
CFDs - Total Offered
221 260
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature AvaTrade iTrader
Average Spread EUR/USD - Standard
1.3 (Sep 19) 0.7 (as of May 19)
All-in Cost EUR/USD - Active
N/A 1.3 (as of May 19)
Active Trader or VIP Discounts
Yes No
Commissions & Fees 3.5 3
Winner check_circle

Funding

Feature AvaTrade iTrader
Minimum Initial Deposit
$100.00 $250
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes No

Trading Platforms

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

Trading Tools

Feature AvaTrade iTrader
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 2
Winner check_circle

Mobile Trading

Feature AvaTrade iTrader
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 No
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3 3
Winner check_circle

Research

Feature AvaTrade iTrader
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No No
Weekly Webinars
No Yes
AutoChartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 3 2.5
Winner check_circle

Education

Feature AvaTrade iTrader
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature AvaTrade iTrader
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 iTrader
AvaTrade Review iTrader Review
Overall 3 3
Winner check_circle
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 iTrader.

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. AvaTrade's score is 3.50 stars versus iTrader's 3.00 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. AvaTrade alongside iTrader are regulated in a major hub. Neither AvaTrade and iTrader are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. AvaTrade boasts an offering of 60 different currency pairs compared to iTrader's 50 available pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade and iTrader both offer Meta Trader. 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. Both AvaTrade and iTrader provide clients with access to 31 total charting tools. Both AvaTrade and iTrader provide clients with access to 51 total indicators (eg, moving averages).

AvaTrade Review
iTrader 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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