To find the top fx brokers
, the team here at ForexBrokers.com collected over 5,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare AvaTrade vs XTB.
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. XTB is a better option with a 3.50 star rating over AvaTrade's 3.00 star rating.
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 and XTB both are regulated in a major hub. XTB is a publicly traded company, while AvaTrade is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. XTB trails AvaTrade by 10 total currency pairs (for example, EUR/USD), with AvaTrade offering 59 and XTB offering 49.
To round out our comparison of AvaTrade vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. AvaTrade alongside XTB offer Meta Trader. 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 and XTB offer the same number of charting tools, 31. Both AvaTrade and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, XTB boasts 4.00 stars versus AvaTrade's 3.50 stars. And, when it comes to individual category awards, XTB finished with awards Best in Class - Customer Service in 2017, while AvaTrade came up with none of these.