AvaTrade
forextime
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while forextime was established in 2011 and is based in Lebanon. AvaTrade holds licences including Central Bank of Ireland, while forextime is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; forextime has 200,000+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | forextime |
|---|---|---|
| Min. Deposit | $250 | $250 |
| 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), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F230 |
| Founded | 2006 | 2011 |
| Country | The British Virgin Islands | Lebanon |
| Clients | 200,000+ | 200,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and forextime, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Neither broker charges withdrawal fees. forextime charges deposit fees; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | forextime |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while forextime supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which forextime does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | forextime |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and forextime compare. forextime runs regular live webinars; AvaTrade does not. Both provide video tutorials. forextime publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. forextime maintains an archive of past webinars for on-demand viewing. forextime scores higher overall in education and research.
| Feature | AvaTrade | forextime |
|---|---|---|
| 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 forextime supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). forextime uniquely supports Skrill among the two brokers. forextime scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | forextime |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and forextime offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and forextime supports 8, giving forextime broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | forextime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |