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 |
When comparing AvaTrade and TopFX in terms of commissions and fees, AvaTrade stands out with spreads averaging just under one pip. As of June 2024, their spreads are slightly higher than those offered by entry-level accounts from competitors like CMC Markets and Tickmill. For professional traders who qualify, AvaTrade offers even more competitive spreads of 0.6 pips, matching the offerings of brokers like FP Markets. AvaTrade is rated 4.5 out of 5 stars and ranks 12th out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
TopFX offers two distinct account types designed to cater to different trading strategies. The spread-only ZERO account, available on MetaTrader and cTrader platforms, is entirely commission-free but has higher spreads, averaging 1.03 pips as of July 2024 for EUR/USD. Alternatively, the RAW account charges a commission of 2.75 EUR per side, amounting to 5.50 EUR per round-turn for a standard lot. This commission-based account offers low average spreads of 0.33 pips, making the total cost approximately 0.88 pips, aligning with industry standards. TopFX is rated 4 stars for commissions and fees and holds the 40th position among 63 brokers according to 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 comparing AvaTrade and TopFX for their range of investment options, both platforms provide traders with opportunities in forex trading via CFDs or spot contracts. AvaTrade offers a larger selection with 1,260 tradeable symbols, including 53 forex pairs, while TopFX offers 655 tradeable symbols with a slightly higher number of forex pairs at 60. Additionally, both brokers facilitate cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies. Interestingly, neither AvaTrade nor TopFX provides options for purchasing exchange-traded securities from U.S. or international exchanges, such as stocks from Apple or Vodafone.
Apart from traditional trading, both AvaTrade and TopFX enable copy trading, appealing to traders interested in mirroring successful strategies of others. In terms of user ratings, AvaTrade scores slightly higher with four stars compared to TopFX's 3.5 stars for a range of investments. According to ForexBrokers.com, AvaTrade is ranked 32nd out of 63 brokers, surpassing TopFX, which holds the 46th spot in this category. Overall, AvaTrade seems to offer a broader array of options, making it a more versatile choice for investors seeking a diverse trading experience.
| 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 comparing AvaTrade to TopFX in terms of trading platforms and tools, both brokers offer simulated trading through free virtual demo accounts, allowing users to sharpen their skills without financial risk. AvaTrade stands out by providing a proprietary platform developed in-house, while TopFX does not. Both brokers support MetaTrader 4 (MT4) and have Windows-based desktop and web-based platforms, ensuring flexibility for all traders. However, AvaTrade goes a step further by also offering MetaTrader 5 (MT5) and unique platforms like DupliTrade and ZuluTrade, enhancing its appeal for those looking for diverse trading options.
Both brokers enable trading directly from stock charts and offer seven fields for watch lists. While AvaTrade provides 13 drawing tools, TopFX slightly surpasses this with 15. Despite these similarities, AvaTrade excels with a higher rating of 4.5 stars compared to TopFX's 4 stars in trading platforms and tools. This advantage is further demonstrated by their respective rankings from ForexBrokers.com where AvaTrade is placed at #13 out of 63 brokers, significantly ahead of TopFX at #45. If variety and innovation in trading platforms is a priority, AvaTrade offers a more comprehensive range of options.
| 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.
AvaTrade and TopFX both offer comprehensive mobile trading apps for iPhone and Android users, packed with features that cater to trading enthusiasts. Both brokers provide tools for setting up stock and forex price alerts and allow traders to draw trendlines and view multiple time frames on charts effortlessly. However, AvaTrade edges ahead by offering watchlist syncing, which ensures any changes made to watchlists sync smoothly between the mobile app and the client’s online account. This added convenience is not available with TopFX. Another area where AvaTrade excels is the number of technical studies available; it offers traders a range of 73 technical studies compared to TopFX's 30.
When it comes to app ratings, AvaTrade receives a slightly higher score with 4.5 stars, while TopFX holds a 4-star rating. Despite both apps allowing the creation of watchlists with real-time quotes, AvaTrade’s overall performance in the mobile trading category earns it the 13th spot out of 63 brokers ranked by ForexBrokers.com, significantly ahead of TopFX, which ranks at 51. Although TopFX has the advantage of auto-saving drawings on charts, it seems AvaTrade's offering of more charting tools and seamless watchlist integration make it a preferred choice for traders who rely heavily on advanced technical analysis and ease of use.
| 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 the market research offerings of AvaTrade and TopFX, there are several key differences and similarities worth noting for potential investors. Both brokers provide access to forex news from high-profile sources like Bloomberg and Reuters, ensuring traders stay informed with relevant updates. AvaTrade and TopFX also offer sentiment-based trading tools and have partnered with Trading Central to deliver technical analysis features. However, TopFX distinguishes itself by offering tools from Autochartist for deeper technical and fundamental analysis, which AvaTrade lacks.
Despite these similarities, the two platforms diverge in their overall research effectiveness. AvaTrade excels with a higher research rating of 4 stars, compared to TopFX's 3 stars. This is reflected in their respective rankings by ForexBrokers.com, where AvaTrade places at #34 out of 63 brokers, while TopFX is positioned significantly lower at #60. Both brokers provide economic calendars to track global events, but AvaTrade's comprehensive research capabilities earn it a better standing for those seeking detailed market insights.
| 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 beginner traders, AvaTrade clearly sets itself apart in comparison to TopFX. AvaTrade offers at least ten educational materials specifically geared towards forex and CFDs, while TopFX does not meet this standard. AvaTrade also provides continuous learning opportunities through monthly online webinars and a comprehensive archive of past webinars, a feature TopFX lacks. Furthermore, beginner traders can explore over ten introductory videos offered by AvaTrade, whereas TopFX falls short in this area as well.
In addition to beginner resources, AvaTrade excels with advanced educational content, boasting over ten videos for experienced traders and a valuable investor dictionary covering more than 50 investing terms. TopFX does not offer similar resources, limiting the depth of learning for their clients. Ranked 2nd out of 63 brokers by ForexBrokers.com, AvaTrade is rated four stars for its educational offerings, while TopFX trails with a 61st position and three-star rating. For beginners seeking extensive and accessible educational tools, AvaTrade clearly emerges as the preferable choice.
| 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 63 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 #62.
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 |
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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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