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 Plus500.
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. AvaTrade's score is 3.50 stars versus Plus500's 3.00 stars.
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 alongside Plus500 are regulated in a major hub. Plus500 is a publicly traded company, AvaTrade isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Both brokers offer traders access to the same number of currency pairs, 60.
To round out our comparison of AvaTrade vs Plus500, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AvaTrade has Meta Trader, Plus500 doesn't. 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 offers its clients access to 31 charting tools while Plus500 has 0 charting tools, a difference of 31. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to AvaTrade's 51 available indicators.
Overall, AvaTrade boasts 3.50 stars versus Plus500's 3.00 stars. And, when it comes to individual category awards, neither AvaTrade nor Plus500 were rated 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.