AvaTrade vs Exness

AvaTrade: why traders choose it

• Founded in 2006, one of the earliest online forex brokers still operating
• Regulated in the EU, Australia, Japan, South Africa, the UAE and the British Virgin Islands, with licence numbers published
• Client funds held in segregated accounts
• AvaSocial copy-trading app alongside MT4, MT5, WebTrader and the AvaTrade App
• AvaProtect, their paid protection against a losing trade for a set period
• FX options as well as CFDs

Exness: why traders choose it

• Standard and Standard Cent accounts open with no stated minimum and charge no commission
• Pro account: spreads from 0.1 pips with every cost inside the spread, from $200
• Raw Spread account: spreads from 0.0 pips with a fixed $3.50 per lot per side
• Zero account: zero spread on the top 30 instruments for 95% of the day, commission-based
• Three regulated entities named with licence numbers in the site footer

AvaTrade pros

• More top-tier licences than almost any broker on this list, including the Central Bank of Ireland and Japan's FSA
• Twenty years of operating history
• Automated trading and EA support across several platforms

AvaTrade cons

• Minimum deposit, spreads and leverage are not on the pages we read; they depend on the entity that onboards you
• Products and leverage differ a great deal between the EU, Japanese and BVI entities
• A richer platform list also means more to learn

Exness pros

• A cent account for learning with tiny position sizes, on the same infrastructure as the pro accounts
• Raw Spread commission is a fixed figure, so costs are easy to model
• Market execution with no requotes on the Standard accounts, per their help centre

Exness cons

• The minimum for Pro, Raw Spread and Zero ranges from $200 to $3,000 depending on region
• The public accounts page asked us to sign in before showing conditions; the figures here come from their help centre
• Which entity serves you decides your leverage cap and protection; the offshore entities carry the higher leverage

About AvaTrade

AvaTrade was founded in 2006 and is headquartered in Dublin. It is regulated by the Central Bank of Ireland, ASIC, Japan's FSA, South Africa's FSCA and the BVI FSC, and offers CFDs and FX options on its own app, WebTrader, MetaTrader 4 and 5 and the AvaSocial copy-trading app.

About Exness

Exness runs five account types. Standard and Standard Cent are commission-free and open with no stated minimum; Pro, Raw Spread and Zero are the professional tier with tighter pricing from a $200 minimum. The group is licensed in Seychelles, the British Virgin Islands and Vanuatu for its international clients.