AZAforex vs AvaTrade

AZAforex vs AvaTrade Comparison Table 2024
AZAforex AvaTrade
2

AZAforex is #8 in our binary options broker rankings.

4.9
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.

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.

Customer Reviews
4.3
Bonus Offer
20% Welcome Bonus up to $10,000
Comment by Reviewer
"AZAforex is best for active forex traders looking for ECN pricing with high leverage up to 1:1000 and a sophisticated trading platform." "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."
Pros
  • Range of crypto, e-wallet, credit/debit card and wire transfer options
  • 16 fiat and 6 crypto account base currencies
  • Loyalty bonuses and rebate program
  • Low minimum deposit of $1
  • Very high leverage up to 1:1000
  • Copy trading and PAMM account
  • Free VPS for VIP accounts
  • Demo account available
  • 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
Cons
  • Unregulated broker reduces its safety score
  • Withdrawal fees for some payment methods
  • Limited educational content and resources
  • Some poor customer reviews
  • No MetaTrader access
  • 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
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, Cryptos, Commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$1 $100
Trading Platforms
  • Own
  • WebTrader
  • AvaTradeGO
  • AvaOptions
  • MT4
  • MT5
  • AlgoTrader
  • TradingCentral
  • DupliTrade
Payment Methods
Minimum Trade
0.00001 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA, BVI, ADGM
Margin Trading
Yes Yes
Margin Rate
2%
STP Account
No Yes
ECN Account
Yes No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
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
Copy Trading
No 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.
Social Trading
No Yes
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 Yes
Account Currencies
  • USD
  • THB
  • VND
  • UAH
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Stock Exchanges
Commodities
CFD Trading
Trade 200+ CFDs with leverage up to 1:1000 on a powerful proprietary platform. Asset classes include stocks, forex and crypto with ECN execution. You can bet on rising and falling prices with leveraged CFDs. 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.
Leverage
1:1000 1:30 (Retail) 1:400 (Pro)
FTSE Spread
Variable 0.5
GBPUSD Spread
Variable 1.5
Oil Spread
Variable 0.02
Stocks Spread
Variable 0.13
Forex Trading
Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform. 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 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
Variable 1.5
EURUSD Spread
Variable 0.9
EURGBP Spread
Variable 1.5
Assets
72 50+
Currency Indices
  • USD
Cryptocurrency
Invest in 10 popular cryptos such as Bitcoin and Ethereum. A choice of six crypto account base currencies are available plus a welcome bonus for new traders. 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.
Spread
Variable BTC <1%, ETH 2%
Coins
  • BTC
  • BCH
  • DASH
  • ETH
  • LTC
  • USDC
  • USDT
  • XMR
  • XRP
  • 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
Binary Options
AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument. Over 50 binary options are available with a $1 minimum stake and payouts up to 190%. Binary options trading not offered
Payout
190%
Ladder Options
No No
Boundary Options
No No
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