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Compare Forex Brokers AvaTrade And Baron Forex


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Subjective Ratings

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AvaTrade

Baron Forex

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Three star Execution Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating Four and Half star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four and Half star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Three star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four star Average Rating

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Business Details

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AvaTrade

Baron Forex

 
Registered Business Name: AvaTrade BFX Capital Inc.
Broker Headquarters: Tel Aviv, Israel Belize City, Belize
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). New York, Toronto, Cyprus
Regulated By: Central Bank of Ireland IFSC (Belize) No. 6012909
In business since year: 2006 2008
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: Unknown Several major banks in Switzerland and the UK

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Trading Details

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AvaTrade

Baron Forex

 
Browser platform: AvaJava None
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) Baron Forex Metatrader 4 (MT4)
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone None
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts   Yes - no extra charges and available to everyone, not just Islamic traders   Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 43    26   
No Dealing Desk Execution: No Not available
Typical spread on EUR/USD: 3 pips (0.0003) 2 pips (0.0002) FIXED
Fixed spreads: Yes Yes
Guaranteed stop losses? No - orders executed at best available price Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: On MT4 and ActTrader Yes
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: Fast trading is OK. Arbitrage is not. Yes, traders are free to practice any trading style.
Account currencies available: EUR, USD CAD, EUR, USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu English, Spanish
Demo account: 21 days 30 days
Live chat support: Yes - very helpful staff Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals. $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

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