Higher Rated
FxPro
Capital at risk · T&Cs apply
In the competitive world of online trading, AvaTrade and FxPro stand out as prominent brokers, each catering to distinct trader preferences. AvaTrade, with its diverse market offerings including forex, CFDs, and cryptocurrencies, appeals to beginners and those interested in copy trading, thanks to its educational resources and no-commission accounts. In contrast, FxPro, known for its strong regulatory framework and no dealing desk execution, attracts experienced traders seeking lower spreads and advanced trading platforms. While AvaTrade offers a higher maximum leverage of 1:400, FxPro provides a slightly higher leverage of 1:500, making it more appealing for risk-tolerant traders.
AvaTrade
FxPro
| AvaTrade | FxPro | |
|---|---|---|
| BrokerRank Score | 4.0/5 | 4.1/5 ✓ |
| Min. Deposit | $100 | $100 |
| Spread from | 0.9 pips | 0.6 pips ✓ |
| Max Leverage | 1:400 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS | FCA, CySEC, ASIC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, Proprietary Web |
FxPro is the better choice overall, scoring 4.1/5 vs 4.0/5 on BrokerRank's independent rating. On fees, FxPro offers lower spreads (0.6 pips).
See full side-by-side comparison belowAvaTrade
FxPro
WinnerAvaTrade
FxPro
Lower feesAvaTrade and FxPro are both reputable brokers with strong regulatory frameworks. AvaTrade, headquartered in Dublin, Ireland, is regulated by multiple authorities including the FCA in the UK, ASIC in Australia, and MAS in Singapore. This extensive regulation across six jurisdictions offers a high level of safety and security for clients' funds. AvaTrade also provides additional fund protection schemes, demonstrating a commitment to safeguarding investor interests.
FxPro, based in London, UK, holds licences from the FCA in the UK, CySEC in Cyprus, and ASIC in Australia. These regulatory bodies are known for their stringent oversight, ensuring that FxPro adheres to high standards of financial conduct. FxPro also offers negative balance protection, which prevents clients from losing more money than they have deposited, adding an extra layer of security.
AvaTrade offers a spread starting from 0.9 pips, with no commissions on most accounts. This can be advantageous for traders looking to minimise costs, especially those who prefer commission-free trading. However, AvaTrade does charge an inactivity fee of $50 after three months of non-use, which could be a drawback for less active traders. The minimum deposit requirement is $100, with a maximum leverage of 1:400.
FxPro provides a slightly lower spread, starting from 0.6 pips, and also does not charge commissions on standard accounts. Despite the higher spreads on some accounts, FxPro's no dealing desk execution can lead to better pricing and lower slippage. The minimum deposit is the same at $100, but FxPro offers a higher maximum leverage of 1:500, appealing to traders seeking more significant exposure. However, FxPro's limited cryptocurrency offering may deter crypto-focused traders.
AvaTrade and FxPro both support the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are renowned for their comprehensive charting tools and automated trading capabilities. AvaTrade also offers a proprietary mobile platform, while FxPro provides its own proprietary web and mobile platforms. FxPro's no dealing desk execution model adds to the appeal of its proprietary platform, offering fast execution speeds and reliability.
For beginners, FxPro emerges as the winner due to its slightly lower spreads and no dealing desk execution. Professional traders may prefer FxPro for its higher leverage and execution model. When it comes to fees, both brokers are competitive, but FxPro's lower spreads give it a slight edge.
AvaTrade
4.0/5
Choose AvaTrade if you want…
FxPro
4.1/5
Choose FxPro if you want…
FxPro scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 rating vs FxPro's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
AvaTrade offers spreads from 0.9 pips, while FxPro starts at 0.6 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. FxPro requires $100.
AvaTrade is regulated by FCA, ASIC, MAS, while FxPro holds licences from FCA, CySEC, ASIC.
AvaTrade supports MT4, MT5, Proprietary Mobile. FxPro supports MT4, MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.