After spending seven months and hundreds of hours researching 20 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 5,000 data points. For this review, we will compare AvaTrade vs Plus500.
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. Plus500 received a rating of 4.00 stars over AvaTrade'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 Plus500 are regulated in a major hub. Plus500 is a publicly traded company while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. Plus500 boasts an offering of 60 different currency pairs compared to AvaTrade's 59 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 offers Meta Trader while Plus500 does not. 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. Plus500 trails AvaTrade by 31 total charting tools, with AvaTrade offering 31 and Plus500 offering 0. AvaTrade boasts an offering of 51 different indicators (for example, moving averages) compared to Plus500's 18 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.