AvaTrade vs XM

 

AvaTrade vs XM – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.

 

 

 

Avatrade vs XM – Key Point Quick Overview

 

1. ☑️ AvaTrade Quick Overview
2. ☑️ XM Quick Overview
3. ☑️ Overall Broker Comparison
4. ☑️ Regulation Comparison
5. ☑️ Assets Comparison
6. ☑️ Fees Comparison
7. ☑️ Account Types Comparison
8. ☑️ Trading Conditions Comparison
9. ☑️ Deposit Options Comparison
10. ☑️ Trading Platforms Comparison
11. ☑️ Analytical Tools Comparison
12. ☑️ Educational Resources Comparison
13. ☑️ In Conclusion
14. ☑️ Our Findings
15. ☑️ Frequently Asked Questions

 

 

AvaTrade Quick Overview

 

AvaTrade is one of the most established online brokerage businesses and one of the most successful foreign exchange and CFD brokers in the world.

It offers a diverse selection of services, including trading platforms that are simple to use and informative material for customers. AvaTrade provides social trading via third-party platforms such as DupliTrade and ZuluTrade, which enables users to replicate the activity of other traders.

 

 

XM Quick Overview

 

XM Group (XM) has rapidly expanded into a significant and well-known trading broker on a worldwide scale. XM Group is an internationally recognized and regulated company that offers access to features such as no-requotes, narrow spreads, rapid execution speeds, cheap fees, and protection against negative balances.

In addition, the broker charges fees that are average for trading the main instruments, and the fees that are charged on stocks and commodities are lower than the fees that are average for the industry.  Furthermore, it is well-known that the Islamic account offered by XM is an outstanding solution for Islamic trading that is Shariah-compliant.

 

 

Overall Broker Comparison

 

 

 

Regulation Comparison

 

 

Our Findings

 

AvaTrade is regulated by various financial bodies globally, including the European Union, Australia, Japan, South Africa, and the British Virgin Islands. XM on the other hand is regulated in Australia, Belize, and, Cyprus.

 

 

Assets Comparison

 

 

Our Findings

 

When compared, AvaTrade takes the lead with additional offerings of Bonds, ETFs, and Futures. Both Brokers offer access to Forex, CFDs, Precious Metals, and, Commodities for trade.

 

 

Fees Comparison

 

 

Our Findings

 

When Compared, AvaTrade is best in class thanks to the option to trade commission-free. Moreover, neither Broker charges a Deposit or Withdrawal Fee.

 

 

Account Types Comparison

 

 

Our Findings

 

Both Brokers have an impressive offering of Account Types. However, XM does make a Cent Account available that will be beneficial to Beginners.

 

 

Trading Conditions Comparison

 

 

Our Findings

 

When compared, AvaTrade and XM offer an impressive range of trading conditions, including Scalping, Hedging, and, Copy/Social Trading.

 

 

Deposit Options Comparison

 

 

Our Findings

 

AvaTrade and XM offer an excellent range of trusted Deposit Options, including PayPal, Skrill, MasterCard, and, Neteller.

 

 

Trading Platforms Comparison

 

 

Our Findings

 

AvaTrade and XM offer MetaTrader 4, MetaTrader 5, and proprietary mobile apps. However, AvaTrade reigns in this category because the broker offers three proprietary trading platforms besides MetaTrader 4, MetaTrader 5, DupliTrade, and ZuluTrade.

XM only offers MetaTrader 4, MetaTrader 5, and a proprietary XM app that can be downloaded and used on iOS and Android mobile devices.

 

 

Analytical Tools Comparison

 

 

Our Findings

 

Both Brokers offer impressive analytical tools, including Economic Calendars, Trading Central, and Blogs.

 

 

Educational Resources Comparison

 

 

Our Findings

 

When compared, the educational resources on offer AvaTrade and XM are similar. However, AvaTrade does additionally offer access to eBooks.

 

 

In Conclusion

 

AvaTrade and XM have proven to be excellent Broker choices with impressive all-round offerings. Moreover, it is suited to all levels of Traders in South Africa.

 

 

Our Findings

 

While comparing AvaTrade and XM we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Selecting the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like: AvaTrade Review

You might also like: XM Review

 

Frequently Asked Questions

 

Do these brokers both offer MetaTrader?

 

AvaTrade and XM offer MetaTrader 4 and 5 to South African traders across mobile, web, and desktop terminals.

 

Is it safe to trade with AvaTrade?

 

AvaTrade is well-regulated by some of the best entities in the world, including the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC.  In addition to this, AvaTrade safeguards the customers under the Investor Compensation Scheme.

 

Is it safe to trade with XM?

 

XM has fewer regulations and licenses than AvaTrade but still has a high trust score because of the regulatory oversight from FSCA, IFSC, ASIC, CySEC, and DFSA.

 

Is AvaTrade a good broker?

 

AvaTrade is a well-known and reputable broker with a solid reputation in the FX and CFD markets. A broad assortment of trading platforms and marketable products are available with AvaTrade.

 

Is XM a good broker?

 

XM is a good broker with a client base of over 3 million traders in 190 countries, proving its popularity in the forex and CFD industry.  XM offers competitive trading conditions, a range of accounts, a choice between trading platforms, and some of the best education and research.