AvaTrade vs FreshForex Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of AvaTrade and FreshForex
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Rating | 4.7/5 | 3.8/5 |
| Foundation Year | 2005 | 2003 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | AvaTrade Review | FreshForex Review |
AvaTrade is suitable for traders who value various instruments, copy trading services, and a user-friendly mobile version of trading platforms.
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
AvaTrade Review
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
AvaTrade is in the top 10 of the following ratings:
FreshForex Review
FreshForex is a broker with rich experience in the market since 2004, and it has established itself as a stable and reliable partner. The broker offers a variety of trading accounts that can meet the needs of different categories of traders, including accounts with fixed and floating spreads and with market execution. An additional advantage is an extensive set of educational materials and analytics that can be useful for beginners and experienced traders.
However, there are significant disadvantages to consider. The lack of regulation by major financial institutions such as the FCA or ASIC can be critical for traders looking for maximum security for their funds. Also, the lack of a native mobile app can limit the ability to trade on the go, although this is offset by support for the popular MetaTrader 4 and MetaTrader 5 platforms. High trading commissions on ECN accounts can deter traders from seeking more favorable trading conditions.
Overall, FreshForex is suitable for traders who appreciate the variety of trading accounts and educational resources. The broker is especially ideal for those willing to accept some risk associated with the lack of regulation by reputable authorities.
Pros and Cons of FreshForex
Pros
- It has been on the market since 2004 and has established itself as a reliable and stable broker.
- Variety of trading accounts.
- Quality analytics.
- Extensive education program.
Cons
- Lack of regulation by major financial authorities.
- Absence of a mobile application.
- High trading fees.
FreshForex is in the top 10 of the following ratings:
Reliability
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2005 | 2003 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Saint Vincent and the Grenadines |
| Regulators | Central Bank of Ireland Central Bank of Ireland KNF KNF FCA FCA BVIFSC BVIFSC ASIC ASIC FSCA FSCA JFSA JFSA JFFA JFFA FSRA FSRA ISA ISA CIRO CIRO | SVGFSA SVGFSA |
AvaTrade
AvaTrade is regulated in various countries by several leading financial regulators, providing high reliability.
FreshForex
FreshForex has an offshore registration. There is also a lack of strict regulation, which raises concerns about reliability
Account Opening
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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AvaTrade
The broker offers clients from different countries a straightforward, convenient, and quick account opening process.
FreshForex
The account opening process at FreshForex is simple and convenient.
Account Types
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Account Types | 3.5/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
AvaTrade
AvaTrade has a decent trading account, but the absence of some critical options may not satisfy all trader needs.
Pros
- A free demo account is available.
- An Islamic account option is provided.
- The ability to copy trades.
Cons
- Lack of market execution of orders.
- No cent accounts.
- No fixed spread accounts.
FreshForex
FreshForex offers a variety of accounts to meet different needs, but lacks options for passive investing.
Commissions
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Commissions | 4.5/5 | 2.2/5 |
| Spread | from 0.6 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.8 |
| Commission per Lot | $3.3 |
AvaTrade
AvaTrade offers relatively low commissions with its competitive spreads and no charges for deposits/withdrawals.
Pros
- Low spreads.
- No deposit/withdrawal fees.
Cons
- Inactivity fee.
FreshForex
FreshForex has higher than average market commissions, but does not charge for inactivity or deposits/withdrawals.
Deposit and Withdrawal
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Rating | 4.2/5 | 5/5 |
| Account Funding Methods |
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AvaTrade
AvaTrade provides flexible and accessible methods for depositing and withdrawing funds, though processing times can be extended.
Pros
- Multiple methods for deposit and withdrawal.
- No commission on deposits and withdrawals.
- AvaTrade covers up to $100 of the bank transfer fee.
Cons
- Long processing time for bank transfers.
FreshForex
FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.
Markets and Products
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Markets and Products | 5/5 | 4/5 |
| Forex | 53 | 52 |
| Precious Metals | 7 | 13 |
| Energy Carriers | 5 | 3 |
| Soft Commodities | 7 | - |
| Indices | 46 | 12 |
| Stocks | 614 | 115 |
| ETF | 61 | 7 |
| Bonds | 2 | - |
| Cryptocurrency | 20 | 74 |
AvaTrade
AvaTrade offers various financial instruments, including currency pairs, CFDs, stocks, ETFs, bonds, cryptocurrencies, etc.
FreshForex
FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.
Trading Platforms
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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AvaTrade
AvaTrade provides various trading platforms: MetaTrader 4 and 5, WebTrader, and AvaTradeGO, giving traders flexibility in choosing the right tool for their trading strategies.
FreshForex
FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.
Pros
- Access to MT4 and MT5, proven platforms.
- A large arsenal of indicators and tools.
- Versions for PC, MacOS, iPhone, Android, and Web.
Cons
- Lack of proprietary or alternative platforms.
- May be complex for beginner traders.
Analytics
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
AvaTrade
The broker provides good market analysis tools.
Pros
- Collaboration with Trading Central.
- Economic calendar.
- Trader's calculator.
FreshForex
FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.
Pros
- Daily forecasts and Forex analytics.
- A variety of analysis methods.
- Additional tools such as a calculator and economic calendar.
Education
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
AvaTrade
AvaTrade offers quality video tutorials and articles for traders of all levels.
Pros
- Quality materials.
- Educational resources available on the AvaTrade site.
FreshForex
FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.
Pros
- A variety of educational materials and courses.
- Free webinars and consultations with experts.
- A comprehensive glossary of Forex terms for beginners.
Cons
- Lack of advanced courses for experienced traders.
Customer Support
| Broker | AvaTrade | FreshForex |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
Telegram
YouTube
VK
OKAvaTrade
The broker's technical support offers various channels of communication and 24/7 availability.
FreshForex
FreshForex technical support offers a variety of communication channels, but the quality of service is inconsistent.
Pros
- Multiple channels of communication.
- Quick response in some cases.
Cons
- Inconsistency in service quality.
- Lack of 24/7 support.
