AvaTrade
Forex Club
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Forex Club was established in 2008 and is based in Russia. AvaTrade holds licences including Central Bank of Ireland, while Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. AvaTrade serves 200,000+ clients worldwide; Forex Club has 10,000+. The minimum deposit is $250 at AvaTrade and $100 at Forex Club.
| Feature | AvaTrade | Forex Club |
|---|---|---|
| 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) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2006 | 2008 |
| Country | The British Virgin Islands | Russia |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Forex Club, directly affecting your bottom line as a trader. Forex Club has a lower barrier to entry with a minimum deposit of $100 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Overall, Forex Club scores higher on fees in our assessment.
| Feature | AvaTrade | Forex Club |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Forex Club 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 | Forex Club |
|---|---|---|
| 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 | MT4,WEB,desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Forex Club compare. Forex Club runs regular live webinars; AvaTrade does not. Both provide video tutorials. Forex Club publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Forex Club maintains an archive of past webinars for on-demand viewing. Forex Club scores higher overall in education and research.
| Feature | AvaTrade | Forex Club |
|---|---|---|
| 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 Forex Club 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 | Forex Club |
|---|---|---|
| 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 Forex Club offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Forex Club supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Forex Club |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |