FXOpen
AvaTrade
FXOpen vs AvaTrade
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXOpen and AvaTrade are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXOpen, founded in 2005 and headquartered in Christchurch, New Zealand, is regulated by FCA, ASIC, CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $1. AvaTrade, established in 2006 in Dublin, Ireland, holds licenses from CySEC, ASIC, FSA, FSCA, CBB with spreads from 0.9 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, AvaTrade scored 8.3/10 overall compared to FXOpen's 7.8/10, making it the stronger pick for most traders. That said, FXOpen holds its own with lower trading costs, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
AvaTrade scores 8.3/10 overall vs 7.8/10 for FXOpen — a 0.5-point difference.
- 💵
FXOpen requires just $1 to start, while AvaTrade needs $100 — FXOpen is 100x more accessible.
- 📈
AvaTrade offers 1,250+ instruments vs 600+ at FXOpen — a massive gap in market coverage.
- 🖥️
FXOpen runs on MT4, MT5, TickTrader, while AvaTrade uses MT4, MT5, AvaTradeGO, AvaOptions, AvaSocial — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Education: AvaTrade scores 8.5 vs 6.5 for FXOpen — a 2.0-point difference.
Our Verdict
FXOpen
Score: 7.8/10 · Wins 1 categories- You want lower spreads and trading fees
- You prefer a low minimum deposit ($1)
- You prefer FXOpen's trading environment overall
AvaTrade
Score: 8.3/10 · Wins 6 categories- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
AvaTrade takes the lead with an overall score of 8.3/10 compared to 7.8/10, winning in 6 out of 8 scoring categories. AvaTrade stands out for better trading platforms and stronger regulation, while FXOpen fights back with lower trading costs.
Detailed Verdict
After testing both brokers with real accounts, AvaTrade comes out ahead with a 8.3/10 overall rating, winning 6 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.5/10. AvaTrade holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXOpen is not without merit — it scores 7.8/10 overall and excels in Regulation & Trust (9.0/10), winning 1 category. Traders who value lower trading costs may find FXOpen the better fit. For a complete breakdown, read our full AvaTrade review and FXOpen review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXOpen wins by 1.0 points
AvaTrade wins by 0.5 points
AvaTrade wins by 0.5 points
AvaTrade wins by 2.0 points
AvaTrade wins by 1.0 points
AvaTrade wins by 0.5 points
AvaTrade wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 | 8.3/10 ✓ |
| Min Deposit Lower is better | $1 ✓ | $100 |
| Max Leverage | 1:500 | 1:400 |
| Spreads From | 0.0 pips | 0.9 pips |
| Platforms | MT4, MT5, TickTrader | MT4, MT5, AvaTradeGO, AvaOptions, AvaSocial |
| Regulation | FCA, ASIC, CySEC | CySEC, ASIC, FSA, FSCA, CBB |
| Founded Older track record highlighted | 2005 ✓ | 2006 |
| Markets | 600+ | 1,250+ ✓ |
Fees & Costs
When it comes to trading costs, FXOpen has the edge with a score of 8.5/10 versus 7.5/10 for AvaTrade. FXOpen offers spreads starting from 0.0 pips, while AvaTrade starts from 0.9 pips. The minimum deposit at FXOpen is $1, compared to $100 at AvaTrade. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
AvaTrade scores 8.5/10 for platforms compared to 8/10 for FXOpen. FXOpen provides MT4, MT5, TickTrader, while AvaTrade offers MT4, MT5, AvaTradeGO, AvaOptions, AvaSocial. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FXOpen is regulated by FCA, ASIC, CySEC (Tier 1), while AvaTrade holds licenses from CySEC, ASIC, FSA, FSCA, CBB (Tier 1). FXOpen scores 9/10 and AvaTrade scores 9.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, AvaTrade leads with 8.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXOpen and AvaTrade both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FXOpen offers 24/5 Live Chat, Email and scores 7/10, while AvaTrade provides 24/5 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FXOpen scores 7.5/10 for deposits and withdrawals, while AvaTrade scores 8/10. FXOpen accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and AvaTrade supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. FXOpen requires a minimum deposit of $1 versus $100 for AvaTrade. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FXOpen if you...
- You want lower spreads and trading fees
- You prefer a low minimum deposit ($1)
- You prefer FXOpen's trading environment overall
Choose AvaTrade if you...
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is FXOpen better than AvaTrade?
AvaTrade scores higher overall (8.3/10 vs 7.8/10), winning 6 of 8 categories. However, FXOpen is stronger in lower trading costs. The best choice depends on what matters most to your trading style.
Which has lower fees, FXOpen or AvaTrade?
FXOpen scores higher for trading costs. FXOpen offers spreads from 0.0 pips with a $1 minimum deposit, while AvaTrade starts from 0.9 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXOpen safe to trade with?
FXOpen is regulated by FCA, ASIC, CySEC and scores 9/10 for regulation. AvaTrade is regulated by CySEC, ASIC, FSA, FSCA, CBB with a score of 9.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXOpen or AvaTrade?
AvaTrade scores 8.5/10 for platforms. FXOpen offers MT4, MT5, TickTrader, while AvaTrade provides MT4, MT5, AvaTradeGO, AvaOptions, AvaSocial. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXOpen vs AvaTrade?
FXOpen requires a minimum deposit of $1, while AvaTrade requires $100. FXOpen has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.