AvaTrade
Robinhood
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Robinhood was established in 2013 and is based in USA. AvaTrade holds licences including Central Bank of Ireland, while Robinhood is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at AvaTrade and $0 at Robinhood.
| Feature | AvaTrade | Robinhood |
|---|---|---|
| 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), Financial Supervision Commission (FSC) |
| Founded | 2006 | 2013 |
| Country | The British Virgin Islands | USA |
| Clients | 200,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Robinhood charges deposit fees; AvaTrade does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | AvaTrade | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. 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 | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Robinhood compare. Robinhood runs regular live webinars; AvaTrade does not. Both provide video tutorials. Robinhood publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | AvaTrade | Robinhood |
|---|---|---|
| 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 Robinhood supports 1 (bank transfer). AvaTrade uniquely supports credit/debit card and PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Robinhood offer live chat support. AvaTrade offers phone support; Robinhood does not. Email support is available at both brokers. AvaTrade supports 6 languages and Robinhood supports 13, giving Robinhood broader global reach. AvaTrade scores higher overall on customer support in our assessment.
| Feature | AvaTrade | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |