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AvaTrade vs TopFX 2021

Is AvaTrade better than TopFX? In our analysis of 23 international regulators across 50 brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.


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 AvaTrade TopFX
Overall 4.5 3.5
Commissions & Fees 4.5 3.5
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading Apps 4.5 3.5
Research 3.5 3
Education 4.5 3
Trust Score 93 67
AvaTrade Review TopFX Review
71% of retail CFD accounts lose money
Winner check_circle

Regulation

Feature AvaTrade TopFX
Trust Score 93 67
Year Founded
2006 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
4 0
Tier-2 Licenses
4 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

Feature AvaTrade TopFX
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
CBI Authorised (Ireland)
Yes 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
FMA Authorised (New Zealand)
No No

Tier-2 Licenses (Average Trust)

Feature AvaTrade TopFX
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
SEBI Authorised (India)
No No
ISA Authorised (Israel)
Yes No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
Yes No

Tier-3 Licenses (Low Trust)

Feature AvaTrade TopFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No No
VFSC Authorised (Vanuatu)
No No

Investments

Feature AvaTrade TopFX
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
1260 655
Forex Pairs (Total)
55 60
US 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 (CFD)
Yes Yes
Crypto Disclaimer (UK) 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

Feature AvaTrade TopFX
Average Spread EUR/USD - Standard
0.91 (August 2020) n/a
All-in Cost EUR/USD - Active
0.61 (August 2020) n/a
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
No No
Execution: Market Maker
Yes Yes

Funding

Feature AvaTrade TopFX
Minimum Deposit
$100.00 Depends on payment method
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature 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

Feature AvaTrade TopFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 7
Charting - Indicators / Studies (Total)
90 30
Charting - Drawing Tools (Total)
13 15
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature AvaTrade TopFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
73 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
Yes Yes

Research

Feature AvaTrade TopFX
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
No Yes
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature AvaTrade TopFX
Has 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

Feature 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

Overall

Feature AvaTrade TopFX
Overall 4.5 3.5
Commissions & Fees 4.5 3.5
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading Apps 4.5 3.5
Research 3.5 3
Education 4.5 3
Trust Score 93 67
AvaTrade Review TopFX Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs TopFX.

Does AvaTrade or TopFX 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 TopFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AvaTrade holds 4 global Tier-1 licenses, while TopFX holds 0. AvaTrade holds 4 global Tier-2 licenses, while TopFX holds 1. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than TopFX.

Which trading platform is better: AvaTrade or TopFX?
To compare the trading platforms of both AvaTrade and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, AvaTrade offers a better experience. With research, AvaTrade offers superior market research. Finally, we found AvaTrade 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. AvaTrade and TopFX both offer copy trading. Both AvaTrade and TopFX offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to AvaTrade's 55 available pairs. Forex pairs aside, AvaTrade offers traders access to 1260 CFDs while TopFX has 655 available CFDs, a difference of 605.

Can I trust AvaTrade?
AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is AvaTrade good?
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 a Best in Class rating for Beginners for 2022.

Is TopFX good?
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: AvaTrade

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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 website as of 01/10/2022 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 "Contact" link at the bottom of this page.

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