AvaTrade
phillip capital limited
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while phillip capital limited was established in 2016 and is based in Bulgaria. AvaTrade holds licences including Central Bank of Ireland, while phillip capital limited is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; phillip capital limited has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | phillip capital limited |
|---|---|---|
| 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-F295 |
| Founded | 2006 | 2016 |
| Country | The British Virgin Islands | Bulgaria |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and phillip capital limited, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. phillip capital limited charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. phillip capital limited applies inactivity fees on dormant accounts; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | phillip capital limited |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while phillip capital limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which phillip capital limited does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | phillip capital limited |
|---|---|---|
| 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 phillip capital limited compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | AvaTrade | phillip capital limited |
|---|---|---|
| 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 phillip capital limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). phillip capital limited uniquely supports Skrill among the two brokers. phillip capital limited scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | phillip capital limited |
|---|---|---|
| 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 phillip capital limited offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and phillip capital limited supports 8, giving phillip capital limited broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | phillip capital limited |
|---|---|---|
| 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 |