Exness vs AvaTrade | Our In-Depth Analysis in 2024

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Exness and AvaTrade are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Exness is regulated by 8 regulatory authorities , including the FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles. On the other hand, AvaTrade is regulated by 9 regulatory authorities , including the ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare Exness with AvaTrade regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Exness is better than AvaTrade. This comparison lets you understand which broker is better for your trading style and preferences.

Exness vs AvaTrade: In a Nutshell

Exness

Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3pips. However, Exness does not have ASIC regulation.

Exness Overview

Exness Overview
  • Founded In: 2008
  • Founder: Petr Valov, Igor Lychagov
  • Headquarters: Limassol, Cyprus
  • Trading Instruments: 200+ Trading Instruments including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs
  • Minimum Deposit: as low as $1 for standard accounts, $200 for Pro, Raw Spread, and Zero accounts.
  • Maximum Leverage: 1:Unlimited (condition apply)  or 1:2000 for FCS, CFCS, 1:30 for ASIC, CySEC jurisdiction, 1:400 for CMA Jurisdiction
  • Regulations: FCA, CySEC, CMA, CBCS, FSCA, (FSC) in BVI, (FSC) in BVI Mauritius, FSA in Seychelles
  • Trading platform: MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App, Exness Terminal
  • Account Types: Standard, Pro, Raw Spread, Zero
  • Payment Options: VISA, MasterCard, AstroPay, Bitcoin, Boleto, CASHU, FasaPay, Local Bank Deposits, Local Bank Transfers, Neosurf, Neteller, Oxxo, PerfectMoney, Skrill, Tether (USDT), WebMoney
  • Funding Currencies : AED, ARS, AUD,  AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP,  PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR,
  • US Traders: Not Accepted

AvaTrade

Established in 2006, Avatrade is a forex and CFD broker based in Dublin, Ireland. The company offers a wide range of trading instruments including forex, commodities, stock indices, stocks, exchange-traded funds, options, cryptocurrencies, and bonds. The broker is regulated across 9 jurisdictions AvaTrade is regulated across 9 jurisdictions including ASIC, CySEC, IIROC, ADGM/FSRA, CBI, ISA, FSCA, FFAJ, and FSC in BVI. AvaTrade offers MetaTrader 4 and 5, AvaTradeGo, AvaOptions, and WebTrader platforms for the diverse needs and preferences of the traders. To learn more, you can read our review of Avatrade.

AvaTrade at a Glance

AvaTrade at a Glance
  • Founded In: 2006
  • Founder: Emanuel Kronitz, Negev Nosatzki, Clal Finance
  • Headquarters: Dublin, Ireland
  • 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 

Exness vs AvaTrade : Features

Exness

  • Trading Instruments: 200+ trading instruments including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
  • Maximum leverage: up to Unlimited :1 
  •  Minimum Deposit: $1 
  • Account Types: Exness offers 5 different types of accounts including Standard, Standard Cent account, Pro,  Raw Spread, Zero accounts 
  • Fees: starting from 0.2 pips for a standard account, 0.3 pips for a standard cent account, 0.1pip for a pro account, up to 3.50 per Lot per one side for a raw spread account, 0.05/lot per side for a zero account,
  • PAMM/ MAM:  Not Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Avatrade

  • Trading Instruments: 1,250+ popular assets, across Forex, Stocks, Commodities, Indices, ETFs, and Options.
  • Maximum leverage: 1: 30 for EU, UK, and Australian clients, 1:400 for global clients
  • Minimum Deposit: $100
  • Account Types: Two ( Retail account, Professional Account) 
  • Trading Fees: Starting from 0.9 pips on forex 
  • MAM:  Available 
  • PAMM: No 
  • Scalping: Allowed 
  • News Trading: Allowed. However, spreads widen during major news 
  • EA/ Robot Trading: Allowed

Exness vs AvaTrade: Pros and Cons

Exness

Pros
  • Top tire regulations ( FCA, CySEC, FSC, FSA-S SBCS, FSCA, BVI FSC, and so on. 
  • The maximum leverage is as high as 1:unlimited or 1:2000
  • The minimum deposit is as low as $1 or depends on payment methods
  • Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
  • Competitive spreads starting from 0.2 pips on standard accounts
  • Swap-Free/Islamic Account Provided
  • Scalping, EA Trading, and Copy Trading are allowed 
  • Instant Withdrawal of Money 24/7
Cons
  • No Passive investment programme ( PAMM, MAM Accounts) 
  • No Ctrader, Tradingview, zulutrade offered 
  • US Traders are not accepted 
  • Only MT4 and MT5 Trading Platforms 
  • Limited educational resources

AvaTrade

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

Exness vs AvaTrade: Side-by-Side Comparison

Exness
AvaTrade
Product
Product
Exness
AvaTrade
Founded In
Founded In
2009
2006
Founded By
Founded By
David Morris
Negev Shekel Nosatzki
Headquarters
Headquarters
Limassol, Cyprus
Dublin, Ireland
Regulations
Regulations
CMA, CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius,CMA
ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC
Min Deposit
Min Deposit
$1
$100
Max Leverage
Max Leverage
1: Unlimited
400:1 (Global), 30:1 (EU)
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Fees
Fees
as low as 0.1 pips or commission upto $3.5 each side per lot
As low as 0.9 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile, Exness Trade App , Exness Terminal
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
US Traders
US Traders
Not Allowed
Not Allowed

Exness Vs AvaTrade: Our Scores and Ratings

We rated both brokers, Exness and AxiTrader, 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.

Exness :

9.1
Exness Scores
Regulation and Security (40%)9.3
Fees and Commissions (20%)9.5
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9

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

Final Verdict :

Exness and AvaTrade are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for Exness is $1., whereas the minimum deposit for AvaTrade is $100 Additionally, the maximum leverage for Exness is 1:Unlimited. In contrast, the maximum leverage for AvaTrade is up to 1:200 for retail traders, and 1:400 for Pro traders. Exness offers passive investment programs like MAM and PAMM, while AvaTrade does not have any passive investment programs.

Our score for Exness is 9.1, and for AvaTrade, it is 9 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose Exness. However, if you prefer another forex brokers that offer similar services, you may choose AvaTrade.

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.

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