AvaTrade
gcm forex
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while gcm forex was established in 2017 and is based in USA. AvaTrade holds licences including Central Bank of Ireland, while gcm forex is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; gcm forex has 142,500+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | gcm forex |
|---|---|---|
| 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-F248 |
| Founded | 2006 | 2017 |
| Country | The British Virgin Islands | USA |
| Clients | 200,000+ | 142,500+ |
Fees
Fees are a critical factor when choosing between AvaTrade and gcm forex, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. gcm forex charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. gcm forex charges deposit fees; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | gcm forex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while gcm forex 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 | gcm forex |
|---|---|---|
| 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 gcm forex compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | AvaTrade | gcm forex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 gcm forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). gcm forex uniquely supports Skrill among the two brokers. gcm forex scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | gcm forex |
|---|---|---|
| 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 gcm forex offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and gcm forex supports 8, giving gcm forex broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | gcm forex |
|---|---|---|
| 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 |