How do AvaTrade and Exness stack up against each other?
The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.
At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
To compare AvaTrade and Exness, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.
Does AvaTrade or Exness have a better trust and regulation rating?
Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.
In our comparison, we found that AvaTrade holds three Tier 1 and two Tier 2 licences, and Exness holds no Tier 1 and no Tier 2 licences.
Is AvaTrade financially regulated?
Yes AvaTrade was founded in 2006 and is regulated by ASIC, CBI, CySEC, FRSA, FSA-Japan, FSCA and ISA.
Is Exness financially regulated?
Yes Exness was founded in 2008 and is regulated by B.V.I FSC, CMA, FSC, FSCA, JSC and FSA-Seychelles.
Based on these findings, AvaTrade earned a higher trust rating than Exness.
Does AvaTrade or Exness have lower costs?
Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Exness has overall lower trading costs than AvaTrade.
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Does AvaTrade or Exness offer a better choice of trading platforms?
Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
In this case, AvaTrade offers support for AvaOptions, Avatrade Social, MT4 and MT5 and Exness offers support for MT4, MT5 and Exness Terminal.
Do the brokers offer copy trading?
Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both AvaTrade and Exness offer copy trading.
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Which broker offers a better choice of trading instruments?
A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Exness offers a greater range and depth of instruments to trade than AvaTrade. Exness offers 100 Forex pairs to trade and AvaTrade offers 63 Forex pairs to trade.
And what about Cryptocurrencies?
In this case, Exness offers 34 cryptocurrencies while AvaTrade offers 30 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Exness.
Which broker offers better deposit and withdrawal processes?
Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither AvaTrade nor Exness charges a withdrawal fee. Overall, Exness has better deposit and withdrawal processes than AvaTrade.
Which broker offers better educational support?
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
AvaTrade has better educational support than Exness. Both AvaTrade and Exness offer educational support for more experienced traders.
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Which broker offers better market analysis materials?
To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field.
We found that AvaTrade offers better research analysis than Exness and that both AvaTrade and Exness offer frequent webinars.
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Our overall Verdict on AvaTrade
In our review we found that Avatrade has a wide range of tradable assets, low trading fees, and a choice of four different trading platforms. Avatrade offers some of the best trading tools in the industry, alongside a world class selection of educational and market analysis materials, providing traders everything they need to make trading decisions.
Avatrade is also popular for its award-winning mobile app, AvatradeGO, which has great risk management tools and a direct connection to AvaSocial, AvaTrade’s popular social trading system.
One issue South African traders may have with Avatrade is that even though it is regulated by the South African FSCA and has a local South African support team, South Africans will be onboarded through Avatrade’s British Virgin Islands-based entity. This means that South African traders have no recourse in the event of a dispute with the company.
Our overall Verdict on Exness
Exness is a popular global broker with nine different trading accounts and one of the lowest-cost Cent Accounts in the industry. Exness also let us open our trading account in ZAR and had 100+ Forex pairs to trade, many more than most other brokers. However, even though it has been regulated by the South African FSCA since 2021, South Africans are onboarded through its company in Seychelles. This means that your money will be held overseas, and any disputes you have with Exness won’t be governed by South African laws.
Exness offers support for MT4, MT5, and its user-friendly proprietary platform, Exness Terminal, available as a desktop and mobile app. In addition to fundamental and technical market analysis tools, including FXStreet News and Trading Central, Exness also hosts expert-led educational seminars in various regions as well as live webinars.
Exness will be a difficult choice for some South African traders. While it has low costs and ZAR trading accounts, excellent trading tools, and a range of trading platforms, the lack of FSCA protection may be a concern.
Which broker has the highest overall rating?
AvaTrade has an overall rating of 4.59 and Exness has an overall rating of 4.32. For more detail please read our reviews of
AvaTrade and
Exness.
