TopForex vs AvaTrade, Updated for 2024
TopForex Rating
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AvaTrade Rating
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Losses can exceed deposits |
79% of retail investor accounts lose money when trading CFDs with this provider |
TopForex vs AvaTrade Guide |
Read our In-Depth TopForex vs AvaTrade Review - Updated for 2024
Our review comparing TopForex and AvaTrade has been refreshed to reflect any changes for 2024 from knowledgeable insiders boasting considerable expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of TopForex vs AvaTrade does not apply to all countries as follows:
TopForex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
AvaTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare TopForex vs AvaTrade
Each trading platforms has a few advantages and disadvantages, and a complete analysis of TopForex vs AvaTrade cannnot be regarded as thorough without adopting a balanced approach.
Assess AvaTrade and TopForex to understand the way these platforms line up against one another prior to you decide to create an account. Conducting a comprehensive comparison can put things into perspective in order that you're aware of what to expect.
So you are looking for a reputable broker and are choosing between TopForex or AvaTrade. Who is better in 2024?
This TopForex vs AvaTrade comparison contains the most recent information so you can easily compare AvaTrade against TopForex.
If you are a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get proficient at all of the concepts of broker since you continue trading. For starters, you need to select the right agent who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. TopForex and AvaTrade are just two such trading platforms which will take you and your investment into great heights. It is crucial to compare TopForex vs AvaTrade before you trust them with your money.
Our TopForex vs AvaTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust TopForex and AvaTrade side by side.
Our entire TopForex vs AvaTrade Review covers everything you need to learn about trading using either TopForex or AvaTrade. A good agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
TopForex and AvaTrade are both brokers that have forged their way successfully to the broker world. In this review, we have tried to collate a number of the important aspects of both TopForex and AvaTrade. This review can help you to understand whether either AvaTrade or TopForex is a fantastic match for your own investments or not. We have attempted to breakdown all the features and charges for your convenience.
Benefits of TopForex and AvaTrade Compared
TopForex offers a minimum deposit of $100 while AvaTrade has a $250 minimum deposit.
Why smaller minimum deposits are good and how TopForex and AvaTrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
TopForex has around 100 financial instruments while AvaTrade allows you to trade around 100 available.
The more instruments you can trade on the TopForex and AvaTrade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of TopForex or AvaTrade.
TopForex and AvaTrade Contact Details
Being able to contact your broker easily is a sign of a professional broker. TopForex and AvaTrade have the following contact details and social medias that you can use.
Broker | TopForex | AvaTrade |
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Telephone Number | +353 76 680 3327 | |
cs@avatrade.com | ||
Address | Ul. Postpu 15, Warsaw, Masovian Voivodeship 02-676, PL | |
TopForex Twitter Account | AvaTrade Twitter Account | |
TopForex Facebook Page | AvaTrade Facebook Page | |
TopForex Instagram Account | AvaTrade Instagram Account | |
TopForex LinkedIn Page | AvaTrade LinkedIn Page | |
YouTube | TopForex YouTube Channel | AvaTrade YouTube Channel |
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AvaTrade and TopForex Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing TopForex and AvaTrade will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
TopForex vs AvaTrade - Awards
TopForex vs AvaTrade - Frequently Asked Questions
TopForex vs AvaTrade - Headquarters And Year Of Founding
TopForex was founded in 2009 and has its head office in Cyprus.
AvaTrade was founded in 2006 and has its head office in The British Virgin Islands.
What is the minimum deposit for AvaTrade or TopForex
The minimum deposit for TopForex is $100.
The minimum deposit for AvaTrade is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both TopForex and AvaTrade are a good option.
TopForex vs AvaTrade - Regulation And Licencing In More Detail
TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Both TopForex and AvaTrade have a powerful collection of rules for ensuring honest trading on their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare TopForex vs AvaTrade Commission And Fees
TopForex and AvaTrade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither TopForex or AvaTrade charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees charged by TopForex and AvaTrade are comparatively competitive. Consequently, you're billed more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of resources.
This TopForex vs AvaTrade review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For TopForex And AvaTrade
What Languages Do TopForex And AvaTrade Support?
Being able to talk easily with your online broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading online.
Below you can find the languages that both TopForex and AvaTrade support.
How Many Clients Do TopForex and AvaTrade Have?
Both TopForex and AvaTrade are well established with their customer base. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients TopForex and AvaTrade are working with
Broker | TopForex | AvaTrade |
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Clients / Users | 10,000+ | 200,000+ |
Find Out More |
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What Payment Methods Do TopForex and AvaTrade Accept?
TopForex and AvaTrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at TopForex and AvaTrade
What Can You Trade With TopForex and AvaTrade?
TopForex offers 100 trading instruments while AvaTrade offers 250.
Below you will find a full breakdown of what both TopForex and AvaTrade offer.
TopForex Review
TopForex vs AvaTrade:
Table Of Contents
- Compare TopForex vs AvaTrade
- Benefits of TopForex and AvaTrade Compared
- AvaTrade and TopForex Mobile App Comparison
- TopForex vs AvaTrade - Awards
- TopForex vs AvaTrade - Frequently Asked Questions
- What is the minimum deposit for AvaTrade or TopForex
- TopForex vs AvaTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For TopForex And AvaTrade
- What Languages Do TopForex And AvaTrade Support?
- How Many Clients Do TopForex and AvaTrade Have?
- What Payment Methods Do TopForex and AvaTrade Accept?
- What Can You Trade With TopForex and AvaTrade?