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In the fast-paced world of forex trading, choosing the right broker is crucial. AvaTrade and FxPro are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between AvaTrade and FxPro across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated AvaTrade and FxPro, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. The more top-tier authorities regulating a broker, the higher its trust rating.
In our comparison:
Based on these findings, AvaTrade earned a higher trust rating than FxPro.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that AvaTrade has overall lower trading costs than FxPro.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both AvaTrade and FxPro offer copy trading.
A broader range of CFD instruments provides more trading opportunities. FxPro offers a greater variety of instruments compared to AvaTrade:
For those interested in trading cryptocurrencies, AvaTrade offers 30 cryptocurrencies, while FxPro offers 30 cryptocurrencies. Therefore, AvaTrade is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither AvaTrade nor FxPro charges a withdrawal fee. Overall, FxPro has better deposit and withdrawal processes than AvaTrade.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
AvaTrade has better educational support than FxPro. Both AvaTrade and FxPro offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that AvaTrade offers better research analysis than FxPro and that both AvaTrade and FxPro offer frequent webinars.
Considered one of the best all-round brokers, Avatrade will be an attractive choice for most traders. In our review, we found that Avatrade has a wide range of tradable assets, low trading fees, and a choice of four different trading platforms. In addition, Avatrade offers some of the best trading tools in the industry, alongside a world-class selection of educational and market analysis materials, providing traders with everything they need to make trading decisions.
Avatrade is also popular for its award-winning mobile app, AvatradeGO, which has excellent risk management tools and a direct connection to AvaSocial, AvaTrade’s popular social trading system.
Indian traders may have an issue with Avatrade: because they are onboarded through Avatrade’s British Virgin Islands-based entity, they will have no recourse in the event of a dispute with the company.
FxPro is a well-regulated broker with a wide range of accounts, reasonable minimum deposits, and an excellent selection of trading platforms. British traders will also be pleased to note that they can spread bet, which means that they don't have to pay Capital Gains Tax on their profits.
However, some issues we found with FxPro are that its trading costs are generally much higher than other brokers and its education and market analysis are limited. But we were impressed with how easy-to-use FxPro’s mobile trading app was and the quality of customer support we received. Support is available in a range of languages, 24 hours a day, seven days a week.
For more detailed reviews, please read our comprehensive assessments of AvaTrade and FxPro.
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Broker | Regulated by FCA | Licenced by | Min. Deposit | Cost of Trading | Broker Score | Official Site | Compare |
|---|---|---|---|---|---|---|---|
 | No |  | USD 20 | USD 6 | |||
 | No |      | USD 10 | USD 7 | |||
 | No |   | USD 5 | USD 6 | |||
 | No | | USD 100 | USD 9 | |||
 | Yes |  | USD 0 | USD 10 | |||
 | No |  | USD 200 | USD 8 | |||
 | No | | AUD 100 | USD 6 | |||
 | Yes |  | USD 0 | USD 10 | |||
 | No | | USD 5 | USD 7 | |||
 | Yes |   | USD 0 | USD 10 |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
