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Compare Forex Brokers Finexo And AvaTrade


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Subjective Ratings

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Finexo

AvaTrade

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

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Business Details

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Finexo

AvaTrade

 
Registered Business Name: SafeCap Investments Limited AvaTrade
Broker Headquarters: Israel Tel Aviv, Israel
Also has offices in: Cyprus British Virgin Islands as well as Ireland (it is a question whether these are real offices or not).
Regulated By: CySEC Central Bank of Ireland
In business since year: 2003 2006
Broker Capital as of 02-2009 Unknown Unknown
Client Account Segregation: No Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
Liberty Reserve $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
Wire Transfer $0 $0 ($400 min.)
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)
Main liquidity providers: Unknown Unknown

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Trading Details

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Finexo

AvaTrade

 
Browser platform: None AvaJava
Downloadable platform: Finexo MT4 AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader)
Mobile platform: Finexo Metatrader (MT4) Mobile AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone
Phone dealing: No Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 100:1 $25/unlimited 1,000/unlimited
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
Swap-free accounts       Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 47    43   
No Dealing Desk Execution: No No
Typical spread on EUR/USD: 3 pips (0.0003) 3 pips (0.0003)
Fixed spreads: Yes Yes
Guaranteed stop losses? Yes, for orders less than 3 million and outside a pre-determined range No - orders executed at best available price
Trailing Stops: Client-side Server-side
OCO orders available: No Yes
If/then orders available: No No
Hedging capability: Yes Yes
Automated Trading: No On MT4 and ActTrader
Trading Hours: Monday 5:00 Sydney time (currently Sunday 19:00 GMT) to Friday 17:00 New York time (currently 21:00 GMT) The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT
Timezone GMT GMT
Scalping allowed: No Fast trading is OK. Arbitrage is not.
Account currencies available: EUR, USD EUR, USD
Platform languages: English Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish
Support languages: English 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
Demo account:   21 days
Live chat support: Yes 24/7 (even outside trading hours!) Yes - very helpful staff
Interest on Margin: No No
Promotions & tournaments:   25% bonus on your first deposit. AvaFX debit card available for easy withdrawals.

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