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Product Info |
XM Review |
AvaTrade Review |
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Description |
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Awards |
XM has garnered several prestigious awards over the years, highlighting its excellence in the online trading industry. Here are some notable awards that XM has received:
- Best FX Broker for Europe 2020 – World Finance Forex Awards
- Best FX Service Provider 2019 – City of London Wealth Management Awards
- Best Trading Support 2019 – Online Personal Wealth Awards
- Global Forex Broker of the Year 2017 – European Magazine Awards
- Best Forex Execution Broker 2017 – Shares Magazine UK Forex Awards
- Best FX Broker Europe 2017 – World Finance Forex Awards
- Best FX Technology Provider 2017 – World Finance Forex Awards
- Best Forex Broker 2016 – UK Forex Awards
- Best Forex Broker for Client Service 2016 – FX168 Brokers Billboard
- Best Forex Broker for Trading Conditions 2016 – UK Forex Awards
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- Best Overall Broker 2022 – DayTrading.com
- Best Trading App 2021 – DayTrading.com
- Best Forex Broker 2019 – DayTrading.com
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Demo Account |
Yes, with $100,000USD |
Yes |
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Max Payout |
Not fixed |
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Out-of-Money Reward |
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Deposit Options |
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CFD, Forex, Crypto, Stocks, Options Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Neteller, Perfect Money, Skrill, Swift, WebMoney, Western Union, Wire Transfer |
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Mimimum deposit |
$30 |
$100 |
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Customer Support Types |
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Bonus Type |
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Welcome bonus 20% up to 10.000$ |
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Bonus Size |
100% |
20% |
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Deposit Currencies |
USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN |
USD, EUR, GBP, AUD, CAD |
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Regulation |
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Trading Platform |
MetaTrader 4, MetaTrader 5, Proprietary web platform |
MetaTrader 4 platform, MetaTrader 5 platform, Meta Trader for Mac, Meta Trader for mobile trading (Download the Avatrade app directly here), Meta Trader for web trading, The AvaTradeAct platform (Proprietary Platform) |
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Maximum Trade |
100,000 units |
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Minimum Trade |
0.1 pips |
$.01 |
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Trading Instruments |
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Account Type
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Base Currencies
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Minimum Deposit
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Lot Size (Standard)
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Lot Size (Micro)
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Applicability to All Entities
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Micro Accounts
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USD, EUR, GBP, CHF, AUD, JPY, HUF, PLN
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$5 USD
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N/A
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1,000 units
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Yes
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Ultra Low Accounts
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EUR, USD, GBP, AUD, ZAR, SGD
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$5 USD
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100,000 units
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1,000 units
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No
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Standard Accounts
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USD, EUR, GBP, CHF, AUD, JPY, HUF, PLN
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$5 USD
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100,000 units
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N/A
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Yes
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Zero Accounts
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USD, JPY, EUR
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$5 USD
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100,000 units
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N/A
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No
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Notes:
- Micro Accounts: Designed for traders who prefer smaller trades. The minimum deposit is $5 USD, and each micro lot equals 1,000 units of the base currency.
- Ultra Low Accounts: Available in both Standard and Micro lot sizes with a minimum deposit of $5 USD. Standard Ultra lots are 100,000 units, and Micro Ultra lots are 1,000 units. These accounts are not available to all entities of the XM Group.
- Standard Accounts: Suitable for standard trading needs with a minimum deposit of $5 USD. Each standard lot equals 100,000 units of the chosen base currency.
- Zero Accounts: For traders looking for minimal spreads. The minimum deposit is $5 USD, and each standard lot equals 100,000 units of the base currency. Zero accounts are not available to all entities of the XM Group.
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CFD, Forex, Crypto, Stocks, Options
- Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
- Cryptocurrency – (Not available in Canada or UK) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin cash.
- Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading these financial assets.
- Options – Avatrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product.
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Online Since |
2009 |
2006 |
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Trading Options |
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Tools Offered |
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Languages |
English, Malay, 简体中文, 繁体中文, Ελληνικά, Magyar, Русский, Indonesia, Français, Italiano, Svenska, Deutsch, Polski, العربية, Español, 한국어, Português, Tiếng Việt, ภาษาไทย, Filipino, Dutch, Česky, বাংলা, اردو, Türkçe |
Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar |
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Commission |
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