AvaTrade vs XM 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 XM
| Broker | AvaTrade | XM |
|---|---|---|
| Rating | 4.7/5 | 4.2/5 |
| Foundation Year | 2005 | 2009 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Belize, Cyprus, Australia, United Arab Emirates |
| Minimum Deposit |
|
|
| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:1000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | AvaTrade Review | XM Review |
AvaTrade is suitable for traders who value various instruments, copy trading services, and a user-friendly mobile version of trading platforms.
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
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:
XM Review
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | AvaTrade | XM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2005 | 2009 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Belize, Cyprus, Australia, United Arab Emirates |
| 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 | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
AvaTrade
AvaTrade is regulated in various countries by several leading financial regulators, providing high reliability.
XM
XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
Account Opening
| Broker | AvaTrade | XM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
AvaTrade
The broker offers clients from different countries a straightforward, convenient, and quick account opening process.
XM
Opening an account with XM Group is straightforward and quick.
Account Types
| Broker | AvaTrade | XM |
|---|---|---|
| Account Types | 3.5/5 | 4.3/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:1000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| 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.
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels.
- Flexible trading conditions (leverage, deposit).
- Specialized accounts for stock trading.
Cons
- No fixed spread accounts.
- No ECN or STP accounts.
Commissions
| Broker | AvaTrade | XM |
|---|---|---|
| Commissions | 4.5/5 | 2.5/5 |
| Spread | from 0.6 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.7 |
| Commission per Lot |
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.
XM
XM's commissions are rated as average.
Pros
- Low spreads on the Ultra Low account.
- No swaps on many currency pairs on the Ultra Low account.
Cons
- Wider spreads and higher swaps on the standard account.
- Inactivity fee.
Deposit and Withdrawal
| Broker | AvaTrade | XM |
|---|---|---|
| Rating | 4.2/5 | 4.5/5 |
| Account Funding Methods |
|
|
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.
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals.
- A minimum limit of only 5 dollars.
- Quick processing of withdrawal requests.
Cons
- No cryptocurrency deposit/withdrawal options.
Markets and Products
| Broker | AvaTrade | XM |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 53 | 55 |
| Precious Metals | 7 | 3 |
| Energy Carriers | 5 | 3 |
| Soft Commodities | 7 | 8 |
| Indices | 46 | 50 |
| Stocks | 614 | 1307 |
| ETF | 61 | - |
| Bonds | 2 | - |
| Cryptocurrency | 20 | 58 |
AvaTrade
AvaTrade offers various financial instruments, including currency pairs, CFDs, stocks, ETFs, bonds, cryptocurrencies, etc.
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs.
- Access to CFDs on various assets.
- The ability to trade cryptocurrencies.
Trading Platforms
| Broker | AvaTrade | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
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.
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile).
- MultiTerminal for managing multiple accounts.
- WebTrader for browser-based trading.
Cons
- No alternatives to MetaTrader.
Analytics
| Broker | AvaTrade | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
AvaTrade
The broker provides good market analysis tools.
Pros
- Collaboration with Trading Central.
- Economic calendar.
- Trader's calculator.
XM
Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.
Pros
- Exclusive market analysis from professionals.
- Trading signals and tools such as Autochartist.
- The option to listen to news recordings.
Cons
- Real account required to access all materials.
Education
| Broker | AvaTrade | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
AvaTrade
AvaTrade offers quality video tutorials and articles for traders of all levels.
Pros
- Quality materials.
- Educational resources available on the AvaTrade site.
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars.
- Available in different languages.
- Daily online sessions with experts.
Cons
- Lack of textual materials and books.
- No personalized learning options.
Customer Support
| Broker | AvaTrade | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
Whatsapp
Twitter
YouTube
LinkedInAvaTrade
The broker's technical support offers various channels of communication and 24/7 availability.
XM
XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.
Pros
- Round-the-clock support.
- A variety of communication channels.
- Quick responses in some cases.
Cons
- Ineffectiveness of solutions, according to reviews.
