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.
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Headquarters | Cyprus | Ireland |
Regulators | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2008 | 2006 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $10 (based on the account type) | $100 |
Negative Balance Protection | ||
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ |
Average Trading Cost EUR/USD | 0.6 pips | 0.9 pips |
Average Trading Cost GBP/USD | 0.7 pips | 1.5 pips |
Average Trading Cost WTI Crude Oil | 6.7 pips | $0.03 |
Average Trading Cost Gold | 11.3 pips | $0.29 |
Retail Loss Rate | Undisclosed | 77.82% |
Minimum Raw Spreads | 0.0 pips | Not applicable |
Minimum Standard Spreads | 0.3 pips | 0.9 pips |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | Commission-free |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
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Features & Platforms
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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 | ||
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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
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Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
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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
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Average Trading Cost EUR/USD | 0.6 pips | 0.9 pips |
Average Trading Cost GBP/USD | 0.7 pips | 1.5 pips |
Average Trading Cost WTI Crude Oil | 6.7 pips | $0.03 |
Average Trading Cost Gold | 11.3 pips | $0.29 |
Average Trading Cost Bitcoin | 161.1 pips | $39 |
Minimum Raw Spreads | 0.0 pips | Not applicable |
Minimum Standard Spreads | 0.3 pips | 0.9 pips |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | Commission-free |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | No | $50 quarterly after 3 months |
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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
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Country of the Regulator | Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao | United Arab Emirates, Australia, Ireland, Israel, Japan, British Virgin Islands, South Africa |
Name of the Regulator | CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID |
Regulatory License Number | SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 | C53877, SIBA/L/13/1049, 406684, 45984, 1662, 190018, 514666577 |
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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.
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- Exness vs FXTM
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.