image AvaTrade VISIT AVATRADE image Admiral Markets VISIT ADMIRAL MARKETS image City Index VISIT CITY INDEX
About

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Admiral Markets is regulated by BaFin, the Financial Conduct Authority and CNMV. Admiral Markets have provided Forex, Commodities, Indices, Shares, Bond trading services since 2001.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
  • Yes Over 17 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters Dublin, Ireland London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes No Yes
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 59 36 84
Commodities Offered 16 0 26
Stocks Offered 99 64 4500
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO Yes No No
See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

83% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac Yes Yes No
WebTrader Yes Yes Yes
Mirror Trader Yes No No
ZuluTrade Yes No No
Sirix No No No
cTrader No No No
L2 Dealer No No No
PAMM No No Yes
Custom Platforms AvaTradeAct, AVAOptions -No AT Pro, Advantage Web

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English, Italian, German, French, Greek, and Hebrew

English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

83% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by AvaTrade and Admiral Markets

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes Yes Yes
Standard account Yes Yes Yes
ECN Account No Yes No
Islamic account Yes No No
Zero spread account No No No
VIP account No No No
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

See account options

83% of retail investor accounts lose money when trading CFDs with this provider

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes No
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No Yes No
Direct market access No Yes No
STP broker No Yes Yes
Market maker Yes No Yes
Min trade 0.01 Lot 0.01 Lot 1 Lot
Max trade None 200 Lot Varies
Min deposit $250 $200 $25

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No No
Neteller Yes Yes No
Skrill No Yes No
Payment processing time Varies 1 business day 2-3 business days
Withdrawal processing time Varies 3 business days 2-3 business days
See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

83% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US, CA, JP, SG, MY, JM, IR, TR US, CA, JP, SG, MY, JM, IR, TR US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
phone number (44) (0) 8005200423 (44) (0) 2035140756 0845 355 0801
Live Chat Yes Yes Yes
Website http://www.avatrade.com/ https://admiralmarkets.com/ www.cityindex.co.uk
Forex Spreads
EUR/USD 0.70 0.10 0.50
GBP/USD 2.40 0.00 0.80
USD/JPY 2.00 0.00 0.50
AUD/USD 1.8 0.1 0.5
Cryptocurrency Spreads 25.0 17.0 70
View all FX spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

83% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 1.5 1:500 1.0
Nasdaq 100 1.0 1:500 1.0
Euro Stoxx 50 1.0 1:500 2.0
ASX 200 2.0 1.0
S&P 500 0.25 1:500 0.4
FTSE 100 1.0 18 1.0
Google 0.2 1:10 0.0015
Facebook 0.1 1:10 0.0015
View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

83% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No No Yes
Commission No Yes 0.0015
Deposit Fee No Varies Varies
Withdrawal Fee No No Varies
View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

83% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from http://www.avatrade.com/. Last updated on 01/05/2019.

All information collected from https://admiralmarkets.com/. Last updated on 01/05/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/05/2019.

Company

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

Admiral Markets has become a leading online trading provider since 2001 offering Forex and CFDs on stocks, indices and commodities. Their dedication to providing a quality experience for their customers have seen them provide the latest technology, strong regulatory authorisation, flexible trading accounts and a global presence leading to a trusted and transparent trading experience.

Admiral Markets accept deposit in multiple currencies are are converted into GBP, EUR, USD, CHF or other applicable currencies. They are regulated by the Financial Conduct Authority in the UK and the MiFID in the European Union. Admiral Markets offer unparalleled level of training to help traders make intelligent trading decision. Education programmes they offer include webinars, seminars, published books, brochures and various other education tools to stay up to date and informed.

To ensure client satisfaction they offer phone, live chat and email support in more than two dozen languages making Admiral Markets a great choice for everyone.

For more information about trading with Admiral Markets, we have put together an indepth Admiral Markets review with all the pros and cons about this broker.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including indices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with the pros and cons about this broker.

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AvaTrade or Admiral Markets?

A wide range of instruments or ECN execution?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, AvaTrade is likely the better option out of these brokers. However, if you want a broker with ECN execution, Admiral Markets may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider AvaTrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

AvaTrade is regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI, while Admiral Markets is regulated by Financial Conduct Authority, CySEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Admiral Markets will have very strict guidelines to follow to ensure they protect their retail trader clients.

City Index are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

AvaTrade has been around for 13 years, while Admiral Markets have been around for 18 years. Our third alternative broker, City Index, have been around for 36 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both AvaTrade and Admiral Markets use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on AvaTrade or Admiral Markets in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

AvaTrade is more popular with over 200,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both AvaTrade and Admiral Markets are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

AvaTrade are based in Dublin, Ireland, while Admiral Markets are based in London, UK.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both AvaTrade and Admiral Markets offer forex trading. AvaTrade have a slightly larger variety of currency pairs with 59 pairs, compared to 36 offered by Admiral Markets. Also, if you’re looking to trade cryptocurrencies, AvaTrade offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both AvaTrade and Admiral Markets allow you to trade commodities like gold, silver and crude oil.

AvaTrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both AvaTrade and Admiral Markets offer this. Admiral Markets also offer the new & improved MT5 platform. Our alternative broker, City Index, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AvaTrade, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

AvaTrade does allow scalping and hedging. While Admiral Markets also allows scalping and hedging. You can trade with EAs (expert advisors) on both AvaTrade and Admiral Markets.

In terms of risk management tools, neither AvaTrade or Admiral Markets offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

AvaTrade also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

AvaTrade accept Paypal while Admiral Markets accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, AvaTrade charges 0.70 points, while Admiral Markets charges 0.10 points. Therefore, Admiral Markets is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: AvaTrade or Admiral Markets?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, AvaTrade is more reliable based on our criteria above. AvaTrade has a wider range of instruments to trade. AvaTrade offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.