Avatrade vs ZuluTrade

AvaTrade vs ZuluTrade Comparison Table 2024
AvaTrade	ZuluTrade
Review 4.9	Review 3.1

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.	ZuluTrade is a renowned social-wealth management platform that allows investors to trade by copying the trades of experienced traders, also known as leaders. This award-winning platform supports social trading and copy trading across multiple assets and has a network of more than 90,000 Leaders and 1,000+ brokers. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.
Customer Reviews
4.3 Based on 4 AvaTrade customer reviews
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."	"We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets."
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	First and oldest copy trading platform A vibrant social community of traders to connect, share, learn and grow Reliable and easy-to-use mobile app Access to popular cryptocurrencies including Bitcoin Free and fully functioning demo account, perfect for beginners Wide range of performance indicators and graphs to help evaluate leaders More than 90,000 leaders to follow and copy which could result in greater earnings Investors can comment directly on leaders’ profile pages Only view the top leaders who comply with stringent criteria, demonstrating consistent and reliable performance Broker and Platform Agnostic, which means that users can enjoy the freedom of choice across a variety of brokers, markets and trading platforms
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 - CMC Markets would be a better choice here There is no ECN account with raw spreads Traders from the US are not accepted	Some inconsistent leaders to be aware of Employing an effective money management system can be difficult for beginners Leaders are not formally vetted. The ZuluGuardTM feature does mitigate this risk, however, by automatically removing a leader when detecting a trading strategy has deviated from its expected loss profile
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	Best Social Trading Solution at UF Awards 2022 Best Social Wealth Management Platform at Forex Expo Dubai in October 2022 Best Social Trading Solution Award at iFX EXPO Dubai 2023 Best Wealth Management Platform Africa Awards at FAME Awards 2023 Best Social Trading Solution at UF Awards APAC 2023Best Social Trading Solution at UF Awards Global 2023 in Cyprus
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	CFDs; Forex, Stocks, Cryptos, Commodities, Indices
Demo Account
Yes	Yes
Minimum Deposit
	Broker Dependant
Trading Platforms
WebTrader AvaTradeGO AvaOptions MT4 MT5 AlgoTrader TradingCentral DupliTrade	X Open Hub Match-Trader MT4 MT5 ActTrader
Payment Methods
Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Wire Transfer	Investors - Broker-Dependent. Leaders - Bank Transfer, PayPal, Cryptos
Minimum Trade
0.01 Lots	$1
Regulator
ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM	HCMC in EU, FSA in Japan, FSC in Mauritius, FSCA in South Africa
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	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
App Review
AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere.
Android App Rating
4
iOS App Rating
4.3
Auto Trading
Expert Advisors (EAs) on MetaTrader	ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading.
Copy Trading
Yes	Yes
Copy Trading Platform
AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite.	Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
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	Yes
Account Currencies
USD EUR GBP CAD AUD
Stock Exchanges
Australian Securities Exchange (ASX) 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	Gold Oil Silver
CFD Trading
AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.	CFD trading not offered
Leverage
1:30 (Retail) 1:400 (Pro)	Broker Dependent
FTSE Spread
0.5	Broker dependent
GBPUSD Spread
1.5	Broker dependent
Oil Spread
0.02	Broker dependent
Stocks Spread
0.13	Broker dependent
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.	In the realm of Forex CFDs, ZuluTrade offers access to an extensive selection of currency pairs, enabling traders to engage in the exciting world of currency exchange with ease and flexibility.
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	Broker dependent
EURUSD Spread
0.9	Broker dependent
EURGBP Spread
1.5	Broker dependent
Assets
50+	Broker dependent
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.	ZuluTrade supports Crypto CFDs, making it possible for traders to speculate on the price movements of cryptocurrencies like Bitcoin and Ethereum. This feature allows traders to participate in the cryptocurrency market without owning the underlying assets.
Spread
BTC <1%, ETH 2%	Broker dependent
Coins
BCH BTC BTG ETH LTC XRP EOS DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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