AvaTrade
NordFX
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while NordFX was established in 2008 and is based in Mauritius. AvaTrade holds licences including Central Bank of Ireland, while NordFX is regulated by VFSC (15008) among others. AvaTrade serves 200,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $250 at AvaTrade and $10 at NordFX.
| Feature | AvaTrade | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| 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) | VFSC (15008) |
| Founded | 2006 | 2008 |
| Country | The British Virgin Islands | Mauritius |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; AvaTrade does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | AvaTrade | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while NordFX 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 | NordFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| 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, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and NordFX compare. Both provide video tutorials. AvaTrade integrates third-party research tools (Autochartist); NordFX does not. NordFX scores higher overall in education and research.
| Feature | AvaTrade | NordFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| 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 NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). AvaTrade uniquely supports PayPal among the two brokers. NordFX uniquely supports Skrill among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |