Written by ForexBrokers.com
In this head to head comparison of AvaTrade vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AvaTrade, founded in 2006, and TopFX, established in 2010, are both online brokers not publicly traded or affiliated with any bank. When comparing their regulatory standings, AvaTrade stands out with four Tier-1 licenses and a ForexBrokers.com Trust Score of 94, classifying it as highly trusted. In contrast, TopFX holds one Tier-1 license and falls into the high-risk category with a Trust Score of 67.
In terms of Tier-2 licenses, AvaTrade maintains three, signifying an additional layer of trust, while TopFX does not have any Tier-2 licenses. These differences highlight AvaTrade as more favorable when it comes to trust and regulation according to industry standards. This information is crucial for traders seeking secure and reliable brokerage services.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
AvaTrade offers spreads that are close to the industry average, just under one pip (0.9 pips as of June 2024), which is slightly higher than those provided by CMC Markets and Tickmill for entry-level accounts. For professional traders who qualify for AvaTrade’s Professional account, the spreads become more competitive at 0.6 pips, which is on par with brokers like FP Markets. AvaTrade has received a commendable rating of 4.5 stars for its commission and fee structure and is ranked #12 out of 62 brokers by ForexBrokers.com in this category.
In comparison, TopFX provides two types of accounts—both accessible via MetaTrader and cTrader platforms. The spread-only ZERO account is commission-free but comes with higher spreads, averaging 1.03 pips on the EUR/USD as of July 2024. Conversely, the commission-based RAW account has advantageous spreads averaging 0.33 pips for the EUR/USD, with a commission charge of 2.75 EUR per side, equating the all-in cost to about 0.88 pips, aligning with the industry average. The RAW account tends to be suitable for traders who prefer tighter spreads, albeit with a commission. TopFX is rated 4 stars for its commissions and fees, and holds the #40 position out of 62 brokers on ForexBrokers.com.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 0.93 | 1.03 |
| All-in Cost EUR/USD - Active | 0.61 | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When examining the investment offerings of AvaTrade and TopFX, both brokers enable traders to participate in forex trading, available as CFDs or spot contracts. AvaTrade boasts a wider variety of tradeable symbols with 1260 options compared to TopFX's 655. However, in terms of forex pairs, AvaTrade provides 53 options whereas TopFX offers slightly more with 60. For those interested in U.S. or international exchange-traded securities, neither AvaTrade nor TopFX provides the ability to invest in actual shares such as Apple on NASDAQ or Vodafone on the London Stock Exchange.
Both brokers support copy trading, catering to traders looking for social investing experiences. While neither broker allows buying actual cryptocurrencies, they both offer cryptocurrency derivatives. In terms of their range of investments, AvaTrade earns an impressive four-star rating, outperforming TopFX, which earns 3.5 stars. According to rankings by ForexBrokers.com, AvaTrade is positioned at 32nd out of 62 brokers in this category, while TopFX is ranked 46th, indicating AvaTrade's slightly broader investment flexibility.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 655 |
| Forex Pairs (Total) | 53 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When choosing an online broker, it's essential to consider the trading platforms and tools offered. AvaTrade and TopFX both provide an array of trading features, including free virtual demo accounts, enabling traders to practice without financial risk. While AvaTrade offers a proprietary platform, TopFX does not, though both brokers supply Windows-based desktop and web-based trading platforms to suit different trader preferences. Both companies support copy trading, with AvaTrade offering a wider array of options like DupliTrade and ZuluTrade, which TopFX doesn't provide. Furthermore, both platforms support the popular MetaTrader 4 (MT4) software, but AvaTrade expands its offerings with MetaTrader 5 (MT5), providing additional insights and options for trades.
Charting capabilities are crucial for informed trading decisions. AvaTrade and TopFX allow trading directly from stock charts, benefiting active traders. While AvaTrade offers 13 drawing tools, TopFX provides slightly more with 15. Both brokers feature watch lists with 7 columns to help keep track of vital market information. In terms of overall performance, AvaTrade shines slightly brighter with a 4.5-star rating, compared to TopFX's 4 stars, in the Trading Platforms and Tools category. Moreover, AvaTrade ranks significantly higher than TopFX, standing at 13th place out of 62 brokers on ForexBrokers.com, whereas TopFX ranks 45th. These rankings and features offer a solid perspective for traders evaluating their options based on platform versatility and tool efficiency.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) | 13 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both AvaTrade and TopFX provide options for both iPhone and Android users. They each offer features like instant price alerts and the ability to create watchlists with real-time quotes. However, AvaTrade takes a leap forward with its mobile app by enabling users to sync their watchlists seamlessly with their online accounts. This means any changes made to watchlists update automatically across devices, a feature not available with TopFX. AvaTrade also stands out with a more extensive range of charting tools, offering 73 technical studies compared to TopFX's 30, enhancing the analytical capabilities for traders on the go.
In terms of functionality for charting, both platforms allow for drawing trendlines and offer multiple time frame views. While TopFX provides the convenience of auto-saving chart drawings, AvaTrade compensates by delivering a higher user satisfaction rate, rated at 4.5 stars compared to TopFX's 4 stars for their mobile app experience. This difference reflects in their rankings on ForexBrokers.com, where AvaTrade is positioned at #13 out of 62 brokers in the mobile trading apps category, while TopFX is ranked at #51. For traders prioritizing an enriched mobile trading environment, AvaTrade appears as the more favored choice.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade and TopFX for market research, both brokers offer forex news sourced from top-tier outlets like Bloomberg, Reuters, and Dow Jones. In terms of technical analysis, AvaTrade provides tools from Trading Central, while TopFX enhances its offerings with Autochartist in addition to Trading Central. Both brokers support sentiment-based trading tools, providing insights into market sentiment through long and short position ratios. Their users can also stay informed with economic calendars displaying global news events, making it easier to track market-moving developments.
However, differences become apparent in their overall research ratings and rankings. AvaTrade is rated 4 stars for research and ranks 34th out of 62 brokers according to ForexBrokers.com. In contrast, TopFX receives a 3-star rating and holds a lower rank at 59th. Notably, neither AvaTrade nor TopFX offers daily market commentary, research from TipRanks, or tools from Acuity Trading like Signal Centre. These distinctions may influence traders when considering which broker better aligns with their research needs and preferences.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in trading, AvaTrade clearly stands out compared to TopFX. AvaTrade offers an extensive range of educational materials, including over ten pieces focusing on forex and CFDs. This broker provides educational client webinars monthly and maintains a searchable archive of these sessions, allowing clients to learn at their own pace. Furthermore, AvaTrade supplies more than ten beginner videos dedicated to essential trading topics and an additional set aimed at advanced users. The availability of an investor dictionary with definitions of over 50 investing terms further enriches their educational offerings. Consequently, AvaTrade secures a commendable 4-star rating for education, placing it second among 62 brokers ranked by ForexBrokers.com.
In contrast, TopFX offers a more limited selection of educational resources, focusing significantly less on providing comprehensive beginner education compared to AvaTrade. While AvaTrade thrives with diverse learning formats and topics, TopFX falls short by not meeting the minimum threshold for various educational content types, including webinars and video tutorials. Their educational offerings are not as expansive, lacking a diverse array of beginner and advanced content, as well as an investor dictionary. This is reflected in a lower 3-star rating for education and a position of 60th out of 62 brokers reviewed by ForexBrokers.com. For novices eager to build a strong foundation in trading, AvaTrade presents a considerably more attractive option.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that AvaTrade is better than TopFX. AvaTrade finished with an overall rank of #13, while TopFX finished with an overall rank of #61.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 67 |
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Both AvaTrade and TopFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives, allowing traders to speculate on price movements without owning the underlying asset.
AvaTrade and TopFX both provide the ability to deposit or withdraw account funds via PayPal, Skrill, Visa or Mastercard, and bank wires, but neither offers ACH or SEPA transfers as an option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | AvaTrade | TopFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | TopFX Review |
| Broker Screenshots | AvaTrade | TopFX | |
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| Regulation | AvaTrade | TopFX | |
|---|---|---|---|
| Trust Score | 94 | 67 | |
| Year Founded | 2006 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | AvaTrade | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 655 | |
| Forex Pairs (Total) | 53 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | AvaTrade | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.61 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | AvaTrade | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| Charting - Drawing Tools (Total) | 13 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | AvaTrade | TopFX | |
|---|---|---|---|
| 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 | |
| Review | AvaTrade Review | TopFX Review |
| Overall | AvaTrade | TopFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | TopFX Review |
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