AvaTrade
BNP Paribas
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while BNP Paribas was established in 2004 and is based in UK. AvaTrade holds licences including Central Bank of Ireland, while BNP Paribas is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; BNP Paribas has 10,000+. The minimum deposit is $250 at AvaTrade and $100 at BNP Paribas.
| Feature | AvaTrade | BNP Paribas |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
| Founded | 2006 | 2004 |
| Country | The British Virgin Islands | UK |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and BNP Paribas, directly affecting your bottom line as a trader. BNP Paribas has a lower barrier to entry with a minimum deposit of $100 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Overall, BNP Paribas scores higher on fees in our assessment.
| Feature | AvaTrade | BNP Paribas |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while BNP Paribas supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | BNP Paribas |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | iPhone/iPad,Mac,Desktop, |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and BNP Paribas compare. BNP Paribas runs regular live webinars; AvaTrade does not. Both provide video tutorials. BNP Paribas publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. BNP Paribas maintains an archive of past webinars for on-demand viewing. BNP Paribas scores higher overall in education and research.
| Feature | AvaTrade | BNP Paribas |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while BNP Paribas supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | BNP Paribas |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and BNP Paribas offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and BNP Paribas supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | BNP Paribas |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |