AvaTrade Alternatives: Pros, Cons, And How It Compares Updated for 2024
This alternatives to AvaTrade guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to AvaTrade to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to AvaTrade like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their users. If you feel that AvaTrade is not quite right for you then it would be worth getting a virtual account with a range of the best AvaTrade alternatives and check if they are a better fit for you before moving any money around.
The most detailed guide to AvaTrade alternatives on the web
There are a lot of reasons AvaTrade may not be a good fit for you. For whatever reason you are looking for a new AvaTrade alternative or AvaTrade competitor with similar services, comparebrokers.org try to give you as much useful information so you can make an informed choice. Below you will discover the top AvaTrade alternatives.
For each of our alternative to AvaTrade, we also highlight the key differences to AvaTrade and for each section show you the best alternatives. For each AvaTrade alternative online trading platform shown we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are not happy with AvaTrade, let us show you some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a reputable and dependable trading platform is crucial to your trading success. All of the AvaTrade alternative brokers listed in this AvaTrade alternatives guide have good reputations and can match what you are looking for.
Alternatives With Lower Minimum Deposit
AvaTrade has a minimum desposit of $250, you can check how the minimum deposit requirements of AvaTrade compare with the minimum deposit requirements of AvaTrade competitors. Trading platforms often have lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
AvaTrade |
$250 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Virtual Portfolio Accounts
AvaTrade offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we detail some of the best alternatives to AvaTrade that have virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
AvaTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
AvaTrade does not provide negative balance protection. If your balance is unfavorable, AvaTrade indicates you contact client services. So you can correct any imbalances within your own account.
Below we show some of the best alternatives to AvaTrade that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
AvaTrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
AvaTrade unfortunately, doesn't offer guaranteed stop loss. AvaTrade gives an opportunity for its traders to close their trades in their specified price. Apart from this, AvaTrade doesn't offer guaranteed stop loss.
Below we list some of the best AvaTrade alternatives that offer guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
AvaTrade |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the stipulations of AvaTrade do not allow scalping. It is a trading technique that is not allowed on the broker's platform. You should refer to AvaTrade's terms and conditions to see more about its own policies.
Below we show some of the top alternatives to AvaTrade that allow scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
AvaTrade |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The stipulations of AvaTrade don't condone hedging. It is a trading technique that isn't permitted on the agent's platform. You can consult with AvaTrade's provisions and conditions to see more about its policies.
Below we detail some of the best alternatives to AvaTrade that offer hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
AvaTrade |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
AvaTrade's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.
Below we detail some of the best AvaTrade alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
AvaTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
AvaTrade's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we show some of the best AvaTrade alternatives that has copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
AvaTrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare AvaTrade To All Other Brokers