AvaTrade vs Bitfinex

AvaTrade vs Bitfinex Comparison Table 2023
AvaTrade	Bitfinex
Review 4.9	Review 3.9
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available crypto brokers
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.	Bitfinex is a crypto trading firm with a powerful proprietary platform and a good range of digital assets. With 180+ cryptocurrencies and 430+ market pairs traded via spot or perpetual swap derivatives, this is a flexible exchange with plenty of opportunities for serious crypto traders. Bitfinex also offers decent leverage up to 1:10.
Bonus Offer
20% Welcome Bonus up to $10,000	Referral codes
Comment by Reviewer
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."	"Experienced crypto traders who want to trade spot or derivatives in high volumes will find a good match in Bitfinex."
Pros
WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill The broker offers reliable 24/5 multilingual customer support with fast response times during testing AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more Day traders can access stable spreads and zero commissions with no hidden fees	Excellent selection of cryptos with hundreds of tokens including Bitcoin Perpetual swap derivatives trade with up to 1:10 leverage Powerful in-house terminal is compatible with MT4 and MT5 BitGo instant for zero confirmations on instant Bitcoin transactions Reliable multilingual customer support Staking program (ie: ETH staking) API Python 3 key Web socket Quandl data
Cons
A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders It’s a shame that there are no rebate schemes for serious traders looking for additional perks There is no ECN account with raw spreads Traders from the US are not accepted	Not as user-friendly as some competitors History of security breaches raises concerns Lengthy verification process can take up to 8 weeks
Awards
Best Mobile Trading Platform 2023 - Finance Derivative Best Educational 2023 - Global Business Magazine Best Overall Broker 2022 - DayTrading.com Best Trading App 2021 - DayTrading.com Best Forex Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$100	$10,000
Trading Platforms
WebTrader AvaTradeGO AvaOptions MT4 MT5 AlgoTrader TradingCentral DupliTrade	MT4 MT5 AlgoTrader
Payment Methods
Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Western Union Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Simplex UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	$10 - $25
Regulator
ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA
Margin Trading
Yes	Yes
Margin Rate
2%
STP Account
Yes	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	Yes
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	No
Copy Trading Platform
There's a strong selection of social and copy trading systems, including the AvaSocial app and popular third-party platforms, DupliTrade and ZuluTrade. Clear performance metrics can help you find the right strategy provider for your goals and risk appetite.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$50
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD	USD EUR GBP JPY
Stock Exchanges
Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Russell 2000 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Natural Gas Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
AvaTrade's 1250+ leveraged CFD products span a range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools.	CFD trading not offered
Leverage
1:30 (Retail) 1:400 (Pro)
FTSE Spread
0.5
GBPUSD Spread
1.5
Oil Spread
0.02
Stocks Spread
0.13
Forex Trading
AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.	Forex trading not offered
Forex App
AvaTrade provides AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today.
GBPUSD Spread
1.5
EURUSD Spread
0.9
EURGBP Spread
1.5
Assets
50+
Currency Indices
USD
Cryptocurrency
Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage.	Bitfinex offers clients trading on a superb range of crypto assets, including more than 180 tokens. Perpetual swap trading is supported in addition to spot, giving traders access to margin trading on crypto assets with up to 1:10 leverage.
Spread
BTC <1%, ETH 2%	Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)
Coins
BCH BTC BTG ETH LTC XRP EOS DASH	BTC ETH USDT LTC XRP DOGE ETC EOS LINK BCHN DOT DASH IOTA SUSHI NEO ZEC UNI ADA OMG MDOGE BSV TRX XTZ SOL XLM YFI USDC ZRX FIL VET XMR COMP BTG DAI LUNA CEL ALGO ATOM EGLD FTT AVAX MKR LEO BTT CHZ BAT BAND QTUN CLO AAVE XDC HEZ KNC ZIL MANA BAL UOS
Crypto Lending
No	Yes
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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