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AvaTrade vs Exness: Which Broker Is Better?

avatrade-vs-exness-overview

Compare Exness vs AvaTrade based on trading platforms, fees, and strategies. Depending on the account type, each platform can work for both beginners or scalpers, alike. As two regulated brokers, both providers are multi-asset brokers with cutting-edge technology, and serve hundreds of thousands of traders world-wide.

AvaTrade Clients: 400,000+
Exness Traders: 800,000+

AvaTrade has a wide range of platform offerings, including AvaOptions, AvaFutures, and AvaSocial. For beginner traders, you can get started with social or copy trading right away. Plus, you can utilize MT4/MT5, WebTrader or the AvaTradeGo app. With the added insurance like AvaProtect, this platform has the capabilities and integrations for all types of traders.

Exness also offers the Metatrader 4/5 platforms, it’s own Exness terminal, and mobile apps. The broker is known for it’s algorithmic trading capabilities and low spread trading fees. And, most recently, the platform added social trading to the mobile app. You can copy verified traders with varying levels of risk, return and leverage.

In this post, we’ll explain the key differences between the Exness Review and AvaTrade review to support your investment or trading goals. To determine the best broker, each trader will have different answers based on their experience, trading style, and investment goals. Read the pros and cons of signing up with AvaTrade vs Exness for different types of traders.

avatrade exness broker comparison

Broker Comparison Overview

As an experienced trader yourself, compare both companies based on your geographic location, strategies, fees, and account types. Additionally, you should verify the broker jurisdiction, regulations, licensing, and customer support.

Both are popular online forex brokers with an established history:

 ExnessAvatrade
Established Year20082006
HeadquartersCyprusDublin, Ireland
RegulatorsCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAASIC, FSCA, BVI, FSC, CBI, FFAJ, KNF, MiFID
Min DepositUSD 10USD 100
Trader PlatformMT4, MT5, MT4 WebTerminalMetaTrader 4, MetaTrader 5, AvaTradeGo, WebTrader
FX Currency Pairs10040
Leverage1.21.4
No of Customers800,000+ users400,000+ users

Key Difference: From the overview, the Ava Group has a longer history and track record than Exness. However, it’s worth noting that the newer brokerage does service more users world-wide.

exness avatrade regulation approvals and jurisdictions

Regulation And Licensing

Compare these brokers based on regulation, licensing and jurisdictions. Depending on your location, you could be limited to selection. For example, both brokerages do not service US-based clients. Neither broker is regulated by the SEC or relevant US government agencies.

JurisdictionsAvaTradeExness
   Tier 1Australian Securities & Investments Commission (ASIC)
Canadian Investment Regulatory Organization (CIRO)
Central Bank of Ireland (CBI)
Financial Services Agency (FSC)
Financial Conduct Authority (FCA)
 Tier 2CySEC (Cyprus Securities and Exchange)
FSCA (South Africa)
ISA (Israel)
 Tier 3FSC (British Virgin Island)
FSC (Mauritius)

Primarily licensed under the Cyprus Securities and Exchange Commission (CySEC), Exness also holds registrations from FSCA, FSC, and VFSC. With multiple judiciary licenses, the exchange follows the highest standards – maintaining funds protection, transparency, and stability.

Adding to their trust score, AvaTrade is regulated by more top-tier authorities, including:

  • ASIC (Australian Securities and Investments Commission)
  • FSCA (Financial Sector Conduct Authority)
  • BVI FSC (British Virgin Islands Financial Services Commission)
  • PFSA (Polish Financial Supervision Authority)
  • FSA (Financial Service Agency)
  • Financial Superintendence of Colombia (SFC)

Additionally, this global company is a member of the Investor Compensation Scheme (ICS) that protects traders from major financial losses. Definitely, regulation, jurisdiction and licensing from tier 1 regulators are critical comparison trust rating factors.

Both Brokers Are Regulated By Multiple Financial Authorities

Regulations ensure a trustworthy, safe trading environment. A regulatory approval or license demonstrates the broker’s compliance with industry standards. Forex scams are the easiest to identify because the broker is not regulated.

Do your due diligence on anything that is too good to be true or does not follow forex regulations. Verify the company or the person that you’re working with is legitimate. Of course, if a company is so successful, they will not be offering $99 trading signals or brokerage services.

Forex scams typically offer higher returns, unrealistic trading conditions, and poor trading models. You can avoid these scams by signing up with long-standing, reputable broker.

Regulation Winner: The AvaTrade platform is more regulated in a list of countries and regions.

exness vs avatrade account support types

Trading Account Types

Compare account types between AvaTrade and Exness. You can choose an account type based on your experience levels, investment amounts, and trading conditions. Here’s a summary of account types that both brokers offer:

AvaTradeExness
Retail Account ($100 Minimum Deposit)Standard Account ($10 Minimum Deposit)
Professional Account ($2000 Minimum Deposit)Standard Cent Account ($1 Minimum Deposit)
Demo AccountPro Account ($500 Minimum Deposit)
Islamic AccountZero Account ($500 Minimum Deposit)
Crypto AccountRaw Spread Account ($500 Minimum Deposit)
MAMM Account  Social Standard Account ($500 Minimum Deposit)
 Social Pro Account ($2000 Minimum Deposit)

AvaTrade Account Types

AvaTrade account types include five options for global traders. If you are a retail trader, you can open a Retail Account type with only a $100 minimum deposit. For experienced traders, choose a Professional Account type with a $2000 minimum deposit. Muslim traders can open Islamic Accounts designed as per Shariah Law with no swap charges.

Additionally, beginner traders can open a Demo Account while learning or honing their strategies. Further, the broker offers a specialized Crypto trading Colombia Account type for traders.

Depending on your experience level, choose between these Ava accounts:

  • Standard Account (Best for Beginners)
  • Professional Accounts (Best for Experienced Traders)
  • AvaTrade Islamic Accounts (Best for Sharia Compliance)
  • Demo Accounts (Beginners/Experts alike)
  • PAMM Accounts (Best for Investors)

Exness Account Types

With the Exness platform, access up to 7 account types. If you are an entry-level trader, you can open its Standard Account type by only depositing $10. For beginners, start with the Micro Account with a $1 deposit only. For traders with less capital, open the Cent Account with only a $1 deposit too. Further, professional traders can open VIP account type that also offer dedicated account managers, tight spreads, and higher leverage – minimum deposit is $500. Additionally, to get direct access to interbank market, you can open an ECN account type. Of course, Muslim traders can open Exness Islamic Account type that has no swap charges.

Accounts available: Cent, Micro, Standard,VIP, ECN, Islamic, and more.

For account types, Exness supports three additional options to cater to unique client preferences – including standard, swap-free, and cent accounts. Similarly, you can access Islamic accounts to avoid interests, hidden fees, and other charges while following Sharia laws. With VIP accounts, you can access $10,000 bonus offers – along with faster withdrawals, rapid execution, and a personal manager.

Better Account Selection: Exness

Exness offers a better selection of account types, especially for low-deposit traders with micro accounts. For traders who are just starting out with less than $100 in deposit, Exness has more options to get started trading.

avatrade vs exness trading platform supports

Compare Trading Platforms & Apps

When it comes to trading platforms, Exness vs Avatrade has some major differences. Unique to the platform, you’ll have access to all types of AvaTrade account tools including the WebTrader, AvaTradeGo, AvaOptions, AvaFutures, and more.

Both brokers support web, desktop and mobile trading. Depending on your needs, you can trade on MetaTrader 4 or MetaTrader 5. Both MT4 and MT5 are popular software for forex markets. You’ll have access to:

  • In-app charting and analysis
  • Algo or automated trading tools
  • Trade signals, indicators and visualizations

Trading Platforms AvaTradeExness
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Web Trader
Mobile Trading Apps
Copy Trading

While both platforms have a Web Trader and mobile app, there are some key differences. As a reputable forex broker for copy trading, AvaTrade supports AvaSocial, DupliTrade and ZuluTrade integrations while Exness does not support copy trading.

A pro with the Ava platform, you’ll have access to other additional features:

  • AlgoTrader – an attractive feature for all the algorithmic traders
  • DupliTrade – an supported copy trading platform

Previously, Exness did not support copy trading. This was one of the major cons for beginner traders who would like to copy advanced experts. They have now opened a new social trading platform.

avatrade exness asset trading instruments

Exness vs AvaTrade Trading Instruments

Next, compare supported trading instruments for both financial markets companies:

Trading InstrumentsAvaTradeExness
Forex50+ Currency pairs50+ Currency pairs
CommoditiesPrecious metals, energy, and agricultural products, among others.Gold, silver, oil, and natural gas.
Stocks / IndicesS&P 500, NASDAQ, FTSE 100, and more.S&P 500, NASDAQ, FTSE 100, and more.
CryptocurrenciesBitcoin, Ethereum, Litecoin, and Ripple among others.Bitcoin, Ethereum, Litecoin, and Ripple among others.

Both exchanges support a variety of financial instruments for traders looking to explore various markets and information. In addition to forex currency pairs, AvaTrade features:

  • Oil
  • Stocks
  • Indices
  • Futures
  • Bonds
  • Cryptocurrencies
  • CFD

Similarly, Exness also supports all major financial instruments such as metals, energies, and CFDs. With both forex brokers, you can leverage the multi-instrument support to diversify your trading portfolio for higher returns.

Key Takeaway: AvaTrade Argentina offers more options of Forex, CFDs, stocks and trading instruments than Exness.

Trading Assets

Exness offers more than 200 instruments, including 100 Forex options, where you can trade on AUDUSD, EURUSD, or GPBUSD currency pairs. Meanwhile, you can invest on international energy-based commodities – specifically on USOIL, XNGUSD and XAUUS. Plus, 100 CFDs stocks, S&P 500 indices, and also mainstream crypto coins you can leverage 24/7 on the market.

On AvaTrade’s brokerage, there are 1000 CFDs instruments are available to you. For instance, the company has currency options on Forex, commodities, and indices on this platform. In fact, the difference on in the assets selections are:

  • 50 different Forex exchanges on minor and major currency pairs
  • A wide range of commodity assets like Gold, Diamond, and Sugar
  • 20 Indices worldwide from the US, Europe, and Asia
  • Apple, Microsoft, and Alibaba stocks and comprises also minor stocks

The platform also covers benefits for Europe and Japan traders through access to government bonds and treasuries. Additionally, both brokers can diversify variations on your account portfolios with ETFs. For a wide selection of trading instruments, AvaTrade offers more asset classes across CFDs, ETFs, Indices, Stocks and cryptocurrencies.

Cryptocurrency Support

These two platforms both support cryptocurrency trading assets. However, Exness Avatrade does not support physical cryptocurrencies. In order to trade crypto on AvaTrade, you will have to use perpetuals, derivatives, CFDs or futures. As per both companies websites, the platform offers more asset classes than Exness, including cryptocurrencies.

Since neither broker offers physical cryptocurrencies transactions, this is one of the major downsides of support. For example, you can not buy actual bitcoin or ethereum. However, you can trade the movements through bitcoin futures, CFDs, and derivatives.

Key Difference: Beginner traders have a wider range of selection with AvaTrade asset classes.

avatrade vs exness trading fees and cost

Trading Fees: Average Spreads And Commissions

Next, compare each broker based on fees, commissions, spreads and non-trading charges. Typically, the average spread and commission charges depend on selected currency pairs or instrument.

AvaTrade fees allows you to invest more with zero commission costs and spreads from 0.9 pips. Although, you should take account of the broker’s inactivity fee – where a 3 month trade idle can cost you $50. Plus, an annual administration fee of $100. Although, both the inactivity and annual fee are subject to your currency-based account. An example, a UK-based trader has annual fee of £100.

In comparison, Exness fees provides zero spreads on over 30 raw spread pairs –  starting from 0.0 pips for a $0.40 commission fee per 1.0 round lot. Here, you can employ more time in strategies since there is no inactivity fee on standard and pro accounts. To have a general idea of the trading cost, check the table below for both trading site average spreads:

Trading OptionsExness(Standard Account)AvaTrade
Currency PairsEUR/USD0.9 pips0.9 pips
GBP/USD1.1 pips1.3 pips
CommoditiesWTI Crude Oil1.7 pips (USOIL)$0.03
Gold16 pips (XAUUSD)$0.29
CryptocurrencyBitcoin255.5 pips (BTCUSD)0.10%
Other Fees:Deposit Fee
Withdrawal Fee
Inactivity FeeQuarterly of 50 dollars based on your account currency after 3 months of inactive trading
Administration FeeAnnually of 100 dollars based on your account currency
Fees retrieved from official websites in August 2024

On the commission cost side, AvaTrade offers the ability execute trades without paying any commission. Both brokers charge varying inactivity fees, overnight charges, and cloud costs.

Key Difference: For high-frequency traders, Exness offers lower costs due to tighter spreads and lower commissions. Meanwhile, AvaTrade offers more options with no-commission trading.

Customer Support Analysis

Receive rapid and effective answers from AvaTrade Mexico Customer support. The support team has a mix of conventional and modern contact channels, telephone, email, and personalized live chat. Additionally, speak with customer service in more than 14 languages, Mondays to Fridays from 06:00AM – 03:00PM GMT.

Contact Exness Customer Support 24/7 during standard and extended hours. You can reach them through live chats, emails and phone -in more than 15 languages. Plus, access educational material such as FAQs and trading guides. Surely, both AvaTrade and Exness offer outstanding customer support.

Customer Support ServicesAvaTradeExness
Multi-channel Support options: Email, Live Chat and Phone
+ 14 Languages
Self-Service Option: FAQs, Educational Material
24/7 Online Support

Better customer support: Exness offers longer customer support hours and availability. Both brokers have a quality customer support experience with multiple channels available.

avatrade vs. exness educational material resources

Educational Resources

Compare supported educational material between Exness vs AvaTrade trading platforms. Each company offers advanced educational resources to clients. With Exness, you can learn three different education levels – available in five languages.

Analysis Tools & Resources

Next, compare Exness trading analysis and resources with AvaTrade’s market analysis.

With frequent market updates and analysis, you can predict trends unfolding in the markets. In fact, both companies conduct webinars and tutorials to educate users. Unlike other brokers, AvaTrade offers in-house produced research and analysis for their traders.

On the AvaTrade platform, you can access tools like

  • Economic Calendars
  • Trading Central
  • Free VPS (With Account Minimum)
  • Free Online Courses
  • AvaTrade Blog Resources

Whereas, Exness lets you explore platforms like:

  • Trading Central
  • Economic Calendar
  • Free VPS (With Account Minimum)
  • Trading View
  • Exness Blog Education

In this case, Exness has a better integration if you are familiar with Trading View. However, AvaTrade offers a wide-spread amount of educational material for beginners to advanced traders.

Both brokerages offer trading and market analysis, but differ in the depth of in-house research vs third-party integrations.

Is AvaTrade Better Than Exness For Educational Resources?

In comparison, AvaTrade video education segment offers a beginner section, guides on mobile trading, and multi-instrument strategies. Additionally, these two brokerage platforms host regular webinars led by industry experts.

Educational Resources: AvaTrade has better resources for beginners. Both brokerages offer in-depth education for HFT traders, copy traders, and algorithmic traders.

avatrade minimum deposit vs exness minimum deposit methods

Minimum Deposit & Methods

Compare minimum deposit between to get started when signing up. Depending on the bonus or promo, you can receive up to 20% bonus on your initial money deposit.

Exness only requires $1 to open a new brokerage account. You can submit the initial deposit via e-wallets, cryptocurrencies, and Bank Wire. Additionally, the broker accepts initial deposits in local currencies – supporting global traders.

Meanwhile, AvaTrade’s platform charges a minimum $100 deposit from new traders. Submit the deposits through Bank Wire, Visa, and PayPal wallets starting at $100.

Deposit MethodsAvaTradeExness
Visa / Mastercard✅️
Bank Wire
PayPal❌️
Skrill
Neteller

Surely, both allow you to deposit funds from different payment instruments and platforms that works best for you. If you have a smaller account, Exness offers a lower minimum account deposit level than AvaTrade. Unfortunately, neither broker offers $0 minimum deposit requirement.

avatrade vs exness account withdrawal methods

Account Withdrawal Methods

Compare both companies based supported withdrawal methods. These platforms support various withdrawal minimum amounts and payment methods – with different policies to request money to your bank or wallet.

Exness Withdrawal Methods

While Exness does not require traders to pay withdrawal charges, the minimum and maximum amount you can withdraw depends on your selected method. For instance, traders looking to withdraw profits using debit/credit cards need a $6 minimum amount. As one of the trusted forex brokers with instant withdrawals, Exness releases immediate payouts to original payment source – faster than the typical 5-day procedure for other brokers.

AvaTrade Withdrawal Methods

You may need to wait for up to 3 business days to receive your withdrawals. The brokerage charges zero basic withdrawal fees. Of course, you may still need to pay certain conversion fees to denominate funds in a different currency. Indeed, withdrawal methods are a common comparison factor.

Compare AvaTrade: Which Broker Is Better?

Which broker is better?

Beginner Traders: AvaTrade has better educational resources, more trading instruments, and loss protection with AvaProtect. Additionally, beginners can utilize AvaTrade bonus offers to start trading at affordable prices – while receiving additional incentives such as Avatrade 100% welcome bonus.

Low-Deposit Traders: Exness has more account selections for micro accounts. This is the best broker for small accounts with low minimum deposits.

Scalping Traders / High Frequency Traders: Exness offers lower spreads. However, both platforms offer high speed trading platforms and execution.

Copy Traders: AvaTrade is the best broker for copy trading. The platform has an active community of traders. For experienced traders, you can earn more by growing a following.

Overall: Experienced traders prefer a regulated broker with protection in their local country. AvaTrade has more Tier 1 regulatory approvals than Exness.

Author of this article

Picture of Chad Axelrod

Chad Axelrod

Chad Axelrod is a professional forex trader and market analyst with 15+ years of industry experience. Starting his career on Wall Street, he quickly realized his passion for writing and finance, working with a national publication for a decade. Through his posts, reviews, and broker comparisons - he believes beginner and seasoned traders should make informed decisions while selecting a broker. Leading the team at BrokerageToday.com, Chad prioritizes publishing unbiased and transparent reviews for traders in the industry.

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