AvaTrade
Velocity Trade
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Velocity Trade was established in 2007 and is based in Australia. AvaTrade holds licences including Central Bank of Ireland, while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. AvaTrade serves 200,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $250 at AvaTrade and $1 at Velocity Trade.
| Feature | AvaTrade | Velocity Trade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| 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) | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2006 | 2007 |
| Country | The British Virgin Islands | Australia |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Velocity Trade applies inactivity fees on dormant accounts; AvaTrade does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | AvaTrade | Velocity Trade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which Velocity Trade does not offer. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| 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 | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Velocity Trade compare. Velocity Trade runs regular live webinars; AvaTrade does not. Both provide video tutorials. Velocity Trade publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Velocity Trade maintains an archive of past webinars for on-demand viewing. Velocity Trade scores higher overall in education and research.
| Feature | AvaTrade | Velocity Trade |
|---|---|---|
| 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 Velocity Trade supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Velocity Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| 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 Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Velocity Trade supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |