AvaTrade
Xtrade
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Xtrade was established in 2003 and is based in Australia. AvaTrade holds licences including Central Bank of Ireland, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. AvaTrade serves 200,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $250 at AvaTrade and $1 at Xtrade.
| Feature | AvaTrade | Xtrade |
|---|---|---|
| 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) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2006 | 2003 |
| Country | The British Virgin Islands | Australia |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $250 at AvaTrade). Neither broker charges withdrawal fees. Xtrade charges deposit fees; AvaTrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | AvaTrade | Xtrade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Xtrade compare. AvaTrade has a video library; Xtrade does not. AvaTrade integrates third-party research tools (Autochartist); Xtrade does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| 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 uniquely supports bank transfer and credit/debit card and PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | Not available |
| Skrill | No | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade offers multilingual support. Both brokers are comparable on support quality.
| Feature | AvaTrade | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | Not available |