AvaTrade vs IG.com Compared 2024

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AvaTrade vs IG: In a Nutshell

AvaTrade

AvaTrade is a global broker established in 2006. On its MetaTrader and proprietary platforms, you can trade over 1,000 forex, CFDs and forex options. Social traders can trade via AvaSocial, DupliTrade and ZuluTrade. AvaProtect, market news feed, and Trading Central analyses are some of the tools available to traders.

Risk warning: 71% of retail traders lose money

AvaTrade at a Glance

AvaTrade at a Glance
  • Founded In: 2006
  • Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
  • Minimum Deposit: $100
  • Maximum Leverage: 1:30 (for retail clients), 1:400 (for Non-EU, and professional accounts) (varies by region and account type)
  • Regulations: CBI, ASIC, JFSA, FSA, FSCA, ADGM, ISA, KNF, IIROC
  • Trading platform: Trading Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, ZuluTrade
  • Account Types: Retail, Professional, Islamic, Spread Betting (UK only)
  • Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options: Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, WebMoney, Perfect Money
  • US Traders:  Not Accepted 

IG

IG Markets Overview
  • Founded In: 1974
  • Minimum Deposit: $250
  • Maximum Leverage: 200:1
  • Regulations: ASIC, FCA, FSA, NFA , AMF, FMA, MAS, DFSA
  • Trading platform: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Account Types: Standard account, DMA Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
  • US Traders:  Accepted 

AvaTrade vs IG: Side By Side Comparison

AvaTrade
IG.com
Product
Founded In
Founded In
2006
1974
Founded By
Founded By
Negev Shekel Nosatzki
Stuart Wheeler
Headquarters
Headquarters
Dublin, Ireland
London, UK
Regulations
Regulations
ASIC, FSCA, FSA, FFAJ ,CBI
ASIC , FSCA ,DFSA , FCA,NFA
Min Deposit
Min Deposit
$100
$50
Max Leverage
Max Leverage
30:1
50:1
Tradable Assets
Tradable Assets
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Indices, Forex ,Shares, Commodities ,Cryptocurrencies, Bond
Fees
Fees
As low as 0.9 pips
Spread from
Platforms and Tools
Platforms and Tools
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
MT4
US Traders
US Traders
Not Allowed
Allowed

AvaTrade vs IG: Pros and Cons

AvaTrade Pros & Cons

Pros
  • Free deposit and withdrawal options
  • Great research tools
  • a wide range of trading instruments
  • ability to trade from mobile devices
  • Unique social trading features
  • Impressive educational offerings
  • Negative balance protection
  • Does not charge any fees for deposits or Withdrawals
  • Offers commission-free trading
  • Offers negative balance protection
  • Supports multiple trading platforms and EAs
Cons
  • High inactivity fees
  • Not regulated by the FCA
  • Does not accept U.S. clients
  • No guaranteed stop-loss
  • Do not have 24/7 customer support

IG Pros & Cons

Pros
  • Regulated by multiple top tire regulators like  NFA,  FCA, ASIC, FSA, AMF, FMA, MAS, DFSA 
  • Allows scalping, EA/ Robot Trading, News Trading
  • Offers web trading, mobile trading and ECN Trading 
  • IG's acquisition of tastytrade for $1 billion brought options trading and listed-derivatives (such as futures) trading to clients in the United States
  • 16,000 trading instruments, investments in IPOs and exchange-traded funds;
  • Quality choice of trading platforms, including MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Relatively good spreads, from 0.6-1 pips depending on the type of instrument;
  •  Offers passive investment programme ( MAM, PAMM accounts)
Cons
  • Relatively high Minimum deposit ( Min Deposit $250) 
  • Conservative leverage in some areas  ( The max leverage is 1:200)
  • IG charges $/£12/€14 per month after 24 months of inactivity 
  • Limited product range on MT4
  • High Stock CFD fees 

AvaTrade Vs IG: Our Scores and Ratings

We rated both brokers, AvaTrade and IG, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

AvaTrade :

8.7
AvaTrade Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)7
Trading (15%)7.5
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9.2

IG:

9
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)9
Trading (15%)8
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)8

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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