Exness vs AvaTrade

Exness offers traders MT4/MT5 trading platforms, ideal for algorithmic traders, and its proprietary Exness Terminal and mobile app Exness Trade. Copy traders can either use the embedded MT4/MT5 services or the in-house developed proprietary copy trading platform. The ultra-low trading fees at Exness rank among the lowest industry-wide, and Exness remains a leading withdrawal broker with $1.3+ billion in quarterly withdrawals.

AvaTrade shines with its trading platform choices, which include custom solutions for specific strategies, like Ava Options and Ava Social. Traders also get WebTrader and AvaTradeGO, upgraded via embedded Trading Central services. Algorithmic traders can use MT4/MT5, enhanced via the Guardian Angel plugin. The fee-based Ava Protect insurance policy protects against losing trades.

We have conducted an in-depth review of Exness and AvaTrade to determine which presents the better overall choice and which traders will benefit the most at either broker.

Headquarters
CyprusIreland
Regulators
CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCAASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20082006
Execution Type(s)
Market MakerMarket Maker
Minimum Deposit
$10$100
Negative Balance Protection
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformOther, MetaTrader 4, MetaTrader 5, Web-based+
Average Trading Cost EUR/USD
0.6 pips0.9 pips
Average Trading Cost GBP/USD
0.7 pips1.5 pips
Average Trading Cost WTI Crude Oil
$0.03 $0.03
Average Trading Cost Gold
$0.13 $0.29
Retail Loss Rate
Undisclosed77.82%
Minimum Raw Spreads
0.0 pipsNot applicable
Minimum Standard Spreads
0.3 pips0.9 pips
Minimum Commission for Forex
$7.00 per 1.0 standard round lotCommission-free
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
Visit WebsiteVisit Website

Features & Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
Visit WebsiteVisit Website

Noteworthy:

Exness offers 100+ currency pairs with monthly trading volumes exceeding $3.5 trillion. AvaTrade presents beginner traders with its spun-out Ava Academy and quality educational content on the AvaTrade website.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks
N/A
Stocks (non-CFDs)
Bonds
ETFs
Options
N/A
Futures
Synthetics
Visit WebsiteVisit Website

Exness trumps AvaTrade with its Forex selection, as it features 100+ currency pairs, supported by high-liquid assets for scalpers and traders requiring fewer but liquid trading instruments. AvaTrade presents a better overall choice and is ideal for well-diversified portfolios and complex strategies using options. AvaTrade also offers ETF trading, notably missing at Exness.

Typical Spreads & Fees

Average Trading Cost EUR/USD
0.6 pips0.9 pips
Average Trading Cost GBP/USD
0.7 pips1.5 pips
Average Trading Cost WTI Crude Oil
$0.03 $0.03
Average Trading Cost Gold
$0.13 $0.29
Average Trading Cost Bitcoin
$73 $39
Minimum Raw Spreads
0.0 pipsNot applicable
Minimum Standard Spreads
0.3 pips0.9 pips
Minimum Commission for Forex
$7.00 per 1.0 standard round lotCommission-free
Deposit Fee
Withdrawal Fee
Inactivity Fee
No$50 quarterly after 3 months
Visit WebsiteVisit Website

Exness ranks among the cheapest Forex brokers with its Zero and Pro accounts. The former has 30 assets with raw spreads from 0.0 pips for a commission of $0.40 per 1.0 round lot. AvaTrade has commission-free costs from 0.9 pips or $9.00 per lot.

Account Types

Account Types
Exness
AvaTrade
Commission-free Accounts
Yes
Yes
Commission-based Accounts
Yes
No
Demo Accounts
Yes
Yes
Islamic Accounts
Yes
Yes
Social / Copy Trading
Yes
Yes
Managed Accounts
No
No

While the Exness Standard MT5 account has no minimum deposit requirement, traders must deposit $200 for the Raw Spread, ECN, and Pro alternatives. AvaTrade has lower entry requirements with its $100 minimum deposit requirement for everyone. Both offer demo and Islamic accounts, but Exness extends swap-free trading to all clients. Exness and AvaTrade offer proprietary copy trading services with custom solutions, but AvaTrade has a simplified account structure.

Minimum Deposit

Deposit Snapshot
Exness
AvaTrade
Minimum Deposit
$0 (payment processor dependent)
$100
Deposit Fees
No
No
e-wallets
Yes
Yes
Cryptocurrencies
Yes
No
Localized Methods
Yes
No
Total Deposit Methods
7+
5
Supported Deposit Currencies
75+
7

Exness offers more payment processors, including cryptocurrency deposits, and ranks among the brokers with the most supported deposit currencies. It ensures most clients can deposit in their local currency. While the Exness minimum deposit depends on the payment processors, most accounts have an initial minimum of $200. AvaTrade supports fewer processors and currencies but enough options to ensure flexibility and ease of access.

Minimum Withdrawal

Withdrawal Snapshot
Exness
AvaTrade
Minimum Withdrawal
$0 (payment processor dependent)
$0 (payment processor dependent)
Internal Withdrawal Fees
$0 (third-party processing fees may apply)
$0 (third-party processing fees may apply)
Internal Processing Times
Instant to 24 hours (without manual approval)
24 to 48 hours

There is not minimum withdrawal amount either at Exness nor AvaTrade, allowing traders to withdraw as they please. Clients at either brokerage should consider potential third-party payment processing costs, potential currency conversion fees, and follow-on costs. Exness features faster internal processing times without manual approval, granting it an edge, as evident by its impressive withdrawal statistics.

Security & Trust

Country of the Regulator
Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, CuraçaoUnited Arab Emirates, Australia, Ireland, Israel, Japan, British Virgin Islands, South Africa
Name of the Regulator
CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCAASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID
Regulatory License Number
SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162C53877, SIBA/L/13/1049, 406684, 45984, 1662, 190018, 514666577
Visit WebsiteVisit Website

Both brokers offer retail traders negative balance protection and segregate client deposits from corporate funds. Exness and AvaTrade have one central bank among their regulators and have established themselves among the elite brokers shaping the industry. Exness provides an investor compensation fund to every trader. At the same time, the availability of one at AvaTrade depends on the operating subsidiary.

Exness vs AvaTrade Verdict

Exness

Pros
Cons
Instant withdrawals from a trusted broker with numerous payment processors
No education for beginners
High level of transparency and financial audits by Big Four accountancy Deloitte
Multi-regulated broker with excellent order and volume statistics
Excellent 24/7 multi-lingual customer service

AvaTrade

Pros
Cons
High-quality educational offering via the Ava Academy
Higher trading costs typical for commission-free brokers
Excellent choice of trading platforms catering to various trading needs
Broad asset selection and cross-asset diversification opportunities
Well-regulated and trusted broker with oversight from a central bank

Exness typically caters better to demanding algorithmic traders and scalpers, as evident by its industry-leading monthly trading volumes. The ultra-competitive trading costs provide a magnified trading advantage. AvaTrade ranks among the better choices for beginners, low-frequency trading strategies, and entry-level algorithmic traders – and is the better overall choice for most. The balanced asset selection, including options, provides advanced traders additional opportunities, while ETF trading is ideal for smaller portfolios.

FAQs

Is Exness an Islamic broker?

Exness is not an Islamic broker but offers Islamic trading accounts and swap-free trading.

Who owns AvaTrade?

AvaTrade is a private company founded by Emanuel Kronitz and Negev Nosatzki, but Dáire Ferguson is the current CEO.

Is Exness an international broker?

Exness is an international broker with subsidiaries in seven jurisdictions.

Which country owns Exness?

Exness is a private brokerage, and no country owns it.

Can I trust AvaTrade?

Traders can trust AvaTrade, which ranks among the best-regulated brokers.

Most Visited Forex Broker Reviews