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AvaTrade vs FIBO Group
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 FIBO Group (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
AvaTrade offers a minimum lot size of 1.0E-4 and a maximum lot size of 0.0, while FIBO Group offers 0.01 and 200.0.
Each broker offers an equal maximum leverage of 1:400.
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 | 300.0 |
| Commission | 0.0 | 0.0 |
| 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 | 200.0 |
| Spread | Fixed, Variable | Variable |
| Broker type | STP, ECN, Market Maker | Market Maker, NDD |
| Maximal leverage (1:?) | 400 | 400 |
| Availability | STP, ECN, Market Maker | Market Maker, NDD |
| Regulation | CySEC (Cyprus), ASIC (Australia), CBI (Ireland), KNF (Poland), FSCA (South Africa), FSA (Japan), BVI FSC | FSC (British Virgin Islands) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, MT4 MultiTerminal | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 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, Western Union, WebMoney, Neteller, Skrill, Okpay |
| Account Currency | USD, GBP, EUR, CHF, JPY, CAD, ZAR, AUD | USD, GBP, EUR, CHF, RUB |
| Languages | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Hebrew, Chinese, Polish, Malay, Thai, Arabic, Korean, Hungarian, Dutch, Swedish, Turkish | English, Spanish, German, Russian, Chinese, Arabic, Farsi |
| Country | Ireland | British Virgin Islands |
| Trading platform(s) timezone | United Arab Emirates, Australia, China, Ireland, Japan, Mongolia, Mexico, Poland, South Africa, Spain | Austria, Cyprus, Germany, Kazakhstan, Russia, Singapore, Ukraine |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, Spread Betting, CFDs, Cryptocurrency, Precious Metals, Bonds, Exchange ETFs, ETFs, Forex, Treasuries, Bonds, Cryptos* | Stocks, Options, Futures, Indices, Commodities, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
