AvaTrade
fx global markets
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while fx global markets was established in 2017 and is based in United States. AvaTrade holds licences including Central Bank of Ireland, while fx global markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. AvaTrade serves 200,000+ clients worldwide; fx global markets has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | fx global markets |
|---|---|---|
| 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) | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 |
| Founded | 2006 | 2017 |
| Country | The British Virgin Islands | United States |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and fx global markets, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. fx global markets charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. fx global markets charges deposit fees; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | fx global markets |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while fx global markets 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 | fx global markets |
|---|---|---|
| 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 fx global markets compare. fx global markets runs regular live webinars; AvaTrade does not. Both provide video tutorials. fx global markets publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. fx global markets maintains an archive of past webinars for on-demand viewing. fx global markets scores higher overall in education and research.
| Feature | AvaTrade | fx global markets |
|---|---|---|
| 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 fx global markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx global markets uniquely supports Skrill among the two brokers. fx global markets scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | fx global markets |
|---|---|---|
| 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 fx global markets offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and fx global markets supports 8, giving fx global markets broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | fx global markets |
|---|---|---|
| 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 |