Who has the upper hand?
Exness vs Avatrade
About Exness
Exness was founded in 2008 and is now one of the most popular online trading brokers in the industry. Since its inception, it has grown in numbers. It currently has more than 0.8 million active traders. Today, Exness has one of the biggest trading volumes in the industry, trading at 5 trillion dollars per month. The official website for Exness is www.Exness.com.
Exness Minimum Deposit: $10
Risk warning: Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
About AvaTrade
AvaTrade is an online trading broker established in 2006. It has grown since 2006 and has more than 400,000 registered customers. On top of that, it has a trading volume of more than $60 billion per month. The official website for AvaTrade is www.avatrade.com
AvaTrade Minimum Deposit: $100
Risk warning: Remember that forex and CFDs available at AvaTrade are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Exness is regulated by:
FSCA
Financial Sector Conduct Authority, based in South Africa, license number 51024.
CMA
Capital Markets Authority, based in Kenya, license number 162.
FSC
Financial Services Commission, based in Mauritius, registration number 176967.
FCA
Financial Conduct Authority, based in the United Kingdom, license no 730729.
AvaTrade is regulated by:
FSCA
Financial Sector Conduct Authority, based in South Africa, license number 45984.
ASIC
Australian Securities & Investments Commission, based in Australia, license number 406684.
CBI
Central Bank of Ireland, based in Ireland, license no C53877.
FRSA
Financial Regulatory Services Authority, based in the United Arab Emirates, license number 190018.
Supported Platforms by Exness
Exness supports the following trading platforms
Exness Trade App, Exness Terminal
Supported Platforms by AvaTrade
AvaTrade supports the following trading platforms
AvaTradeGO App, AvaTrade Web Trader,
01
Platforms
Exness Trading platforms
Clients of Exness can trade using four different trading platforms. These include MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade app. Both MetaTrader 4 and MetaTrader 5 are well-known platforms and can be used by both beginners and experienced traders. They have many tools that can help traders, including one-click trading, EA support, and mobile trading.
Moreover, Exness Terminal is the company’s web-based platform packed with top-tier features. These features include a watchlist and one-click-trading. The Exness Trade app is available for both Android and iOS users. It is one of the most powerful trading apps with amazing features. The features include market news, trading signals, price alerts, margin call notifications, and many more features.
AvaTrade Trading platforms
Similar to Exness, AvaTrade offers four trading platforms. These trading platforms include the popular MetaTrader 4 and MetaTrader 5. The other trading platforms available are Avatrade web trader and the AvaTradeGO app. MetaTrader 4 and MetaTrader 5 are suitable for both beginners and experienced traders due to their intuitive interfaces.
They offer automated trading meaning traders can use expert advisors and and trading bots. The AvaTrade WebTrader is a platform that works on all kinds of devices without the need of downloading. The AvaTrade app has a nice design with comprehensive trading features and charts that perform well on smartphone screens. The app is available in both Google App Store and iOS app store.
Did you know?
That Exness is the biggest forex retail broker in the world by trading volume.
Did you know?
That AvaTrade has regulatory licenses across 5 continents with a wide global offices presence.
02
Assets
Exness Trading assets
Exness has just over 200 tradable instruments for its clients. These include CFDs on:
- Forex - Exness offers a variety of currency pairs in the forex market. Currently, a trader can trade over 100 currency pairs. They range from major to minor and exotic currency pairs. Examples of the major pairs include AUDUSD, EURUSD, GBPUSD, NZDUSD, and USDJPY.
- Commodities - When it comes to commodities, Exness doesn't shy away as it offers more than 18 commodities. Clients can venture into metal and energy-based instruments against major currencies. Some of the commodities available include USOIL, XNGUSD, UKOIL, XAUUSD, XAGUSD, XPTUSD, and more.
- Stocks - There are more than 100 stock CFDs available to trade on the Exness trading site. Exness allows clients to trade on the biggest names in tech and industry, including Google, Amazon, Tesla, Alibaba, and Intel. Stock market opening timings differ based on the share market in which a client is trading. Nonetheless, the stocks at Exness are available from Monday through Friday.
- Indices - Most popular indices such as US Tech 100, and S&P500 are available on Exness. It is still not limited to popular indices there are still other indices. These include, AUS200, US30, FR40, DE30, USTEC, US500, STOXX50, UK100, and JP225, among plenty others.
- Crypto - There are more than 10 popular cryptocurrencies available for trading. Some of the Cryptocurrencies available include Bitcoin, Ethereum, Litecoin, and more. They can be traded against the US dollar 24/7.
FXTM Trading assets
AvaTrade has more than 1,000 tradeable instruments (CFDs) available to traders. These include:
- Forex - A client can trade more than 50 different currency pairs on Avatrade including major and minor currencies.
- Commodities - On the AvaTrade trading site, traders also have access to a plethora of assets in the commodities asset class. These commodities include gold, diamond, sugar, corn, wheat, coffee, and others.
- Bond and treasuries - AvaTrade provides a selection of European and Asian government bonds to treasuries. Currently, it offers Euro bonds and Japanese government bonds.
- Indices - There are more than 20 indices to be traded as CFDs on AvaTrade. Indices available range from US and European to Asian stock indices. Some of the indices include the US Tech100 Index, Dow Jones Index, Dax 30 Index, and Nikkei 225 Index, among others.
- Stocks - Stocks are also available to investors trading with AvaTrade. They range from major exchanges to minor exchanges. Some of the company stocks available to trade include those of Apple, Microsoft, Alibaba, and many other companies.
- ETFs - Avatrade offers a wide range of the most traded ETFs in the industry. This is yet another asset class that traders can use to diversify their portfolios.
*The availability of instruments may differ depending on your country of residence. Especially crypto trading is not available everywhere.
03
Fees
Exness Fees and Leverage
Exness lists some of the lowest spreads anywhere in the market. For instance, on the standard account, it offer spreads as low as 0.2 pips for major currency pairs with no commission required.
However, the average spreads traders experience are much higher than the lowest spreads. They range from 1.0 pips to 2.1 pips for major currency pairs. Here are examples of the average spreads on Exness standard accounts.
EURUSD - Average spread of 1.0 pips.
GBPUSD - Average spread of 1.2 pips.
USDCAD - Average spread of 2.2 pips.
CADJPY - Average spread of 6.5 pips.
Additionally, Exness supports the ZAR and 10 plus other currencies as an account base currency. This broker offers traders one of the highest leverages available at a maximum of 1:unlimited.
*Maximum leverage can differ depending on the country residency of a trader.
AvaTrade fees and leverage
Avatrade offers its traders industry-standard spreads when trading. These spreads start from as low as 0.9 pips on major currency pairs with no commission required. Below are examples of average spreads available
EURUSD - Average spread of 0.9 pips.
GBPUSD - Average spread of 1.3 pips.
USDCAD - Average spread of 1.8 pips.
CADJPY - Average spread of 2.3 pips.
Forex traders can trade with a maximum leverage of up to 1:400.
*Maximum leverage can differ depending on the country residency of a trader. In EEA countries it is capped at 1:30.
Exness Available Deposit & Withdrawal Methods
Exness supports the following deposits and withdrawal methods
Mobile Money
AvaTrade Available Deposit & Withdrawal Methods
AvaTrade supports the following deposits and withdrawal methods
04
Final words
Conclusion
Both Exness and Avatrade are some of the most popular brokers in the online trading industry. These brokers match up well against each other, but each of them has their strengths and weaknesses. The two brokers are regulated by several known regulators in the industry. Exness supports the ZAR as an account base currency while AvaTrade doesn’t. Moreover, it offers a minimum deposit lower than AvaTrade. This may be an encouragement to traders in South Africa as they gain a lower entry level into the market. Additionally, Exness offers lower spreads that can even go to 0.0 pips with a commission involved on its professional accounts.
In contrast, AvaTrade boasts a longer history in the market as it has been in operation since 2006. Moreover, it offers a deeper collection of tradeable instruments, having more than 1,000 instruments for trading. In most aspects, the two brokers match up well, which means there's not much significant difference. In the final analysis, the choice of which broker is better than the other is dawned on the individual. It depends on individual preferences, trading needs, and priorities to choose either Exness or Avatrade.