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AvaTrade vs ThinkMarkets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, AvaTrade currently holds a lower overall rating (4.2) compared to ThinkMarkets (4.5).
AvaTrade has a lower minimum deposit, at 100.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same maximum lot size (0.0), but AvaTrade has a minimum lot size of 1.0E-4, while ThinkMarkets offers 0.01.
AvaTrade offers a lower maximum leverage of 1:400, whereas ThinkMarkets allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 100.0 | 250.0 |
| Commission | 0.0 | 7.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 1.0E-4 | 0.01 |
| Maximum lot size | 0.0 | 0.0 |
| Spread | Fixed, Variable | Variable |
| Broker type | STP, ECN, Market Maker | STP, ECN |
| Maximal leverage (1:?) | 400 | 500 |
| Availability | STP, ECN, Market Maker | STP, ECN |
| Regulation | CySEC (Cyprus), ASIC (Australia), CBI (Ireland), KNF (Poland), FSCA (South Africa), FSA (Japan), BVI FSC | FCA (UK), FSA (Seychelles), FSP (NZ), ASIC (Australia), FSCA (South Africa), FSA (Japan) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, MT4 MultiTerminal | MetaTrader 4 (MT4), MetaTrader 5 (MT5), ThinkTrader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Paypal, Perfect Money, Neteller, UnionPay, Skrill, Internal transfer, Sofort Banking, Klarna, Boleto, Giropay, POLi, Pix | Wire Transfer, Credit Card, Debit Card, Neteller, UnionPay, Skrill, Netbanx, BPay |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, ZAR, AUD | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, AUD |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Hebrew, Chinese, Polish, Malay, Thai, Arabic, Korean, Hungarian, Dutch, Swedish, Turkish | English, Spanish, French, Portuguese, Japanese, Chinese, Polish, Indonesian, Thai, Arabic, Vietnamese, Bulgarian, Swedish, Urdu, Hindi, Romanian, Turkish, Tagalog, Bahasa Malay, Afrikaans |
| Country | Ireland | Australia |
| Trading platform(s) timezone | United Arab Emirates, Australia, China, Ireland, Japan, Mongolia, Mexico, Poland, South Africa, Spain | Australia, United Kingdom |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, Spread Betting, CFDs, Cryptocurrency, Precious Metals, Bonds, Exchange ETFs, ETFs, Forex, Treasuries, Bonds, Cryptos* | Indices, Commodities, Energies, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
