AvaTrade
ForexVox
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while ForexVox was established in 2019 and is based in UK. AvaTrade holds licences including Central Bank of Ireland, while ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom among others. AvaTrade serves 200,000+ clients worldwide; ForexVox has 10,000+. The minimum deposit is $250 at AvaTrade and $0 at ForexVox.
| Feature | AvaTrade | ForexVox |
|---|---|---|
| Min. Deposit | $250 | $0 |
| 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) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 |
| Founded | 2006 | 2019 |
| Country | The British Virgin Islands | UK |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and ForexVox, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $250 at AvaTrade). ForexVox charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. Overall, ForexVox scores higher on fees in our assessment.
| Feature | AvaTrade | ForexVox |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while ForexVox supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | ForexVox |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and ForexVox compare. ForexVox runs regular live webinars; AvaTrade does not. Both provide video tutorials. ForexVox publishes daily market commentary; AvaTrade does not. AvaTrade integrates third-party research tools (Autochartist); ForexVox does not. ForexVox scores higher overall in education and research.
| Feature | AvaTrade | ForexVox |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | No |
| Autochartist | Yes | No |
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 ForexVox supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ForexVox uniquely supports Skrill among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | ForexVox |
|---|---|---|
| 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 ForexVox offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and ForexVox supports 4, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | ForexVox |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Russian, Indonesian, Malaysian |