Comparison of XTB vs AvaTrade [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theXTB vs AvaTrade comparison!

Your expert: Alejandro Borja

XTB

Your expert: Xavier Tarrasó

AvaTrade

Main points

Fees

Low 4,7/5

Regulated

FCA, KNF

Demo account

Yes

Average 3,4/5

Fees

ASIC

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

4.4 – XTB provides excellent value with no deposit or withdrawal fees for most methods and tight spreads. The inactivity fee after 12 months is the main additional cost .

4.2 – AvaTrade stands out with no deposit or withdrawal fees and competitive spreads, making it a good option for frequent traders. The only drawback is the inactivity fee .

Level

Low 4,7/5

Average 3,4/5

Brief explanation

XTB’s fee structure is primarily built around spreads, with no commissions for crypto trades. The spreads are competitive, starting from 0.22% for Bitcoin. Additionally, XTB does not charge deposit fees for bank transfers or credit/debit cards, although e-wallet deposits may incur fees ranging from 1% to 2%. Withdrawals are generally free unless the amount is below $50, in which case a $30 fee applies. An inactivity fee of $10 per month is charged after 12 months of inactivity. Overall, XTB’s fee structure is straightforward and relatively low-cost compared to other brokers .

AvaTrade operates with a clear and competitive commission structure, making it an attractive choice for traders looking for cost efficiency. There are no fees for deposits or withdrawals, which is a significant advantage compared to many other platforms. Deposits can be made via credit and debit cards, wire transfers, and e-wallets like Skrill and Neteller, while withdrawals are processed within 1-5 business days, depending on the method used . AvaTrade charges spreads on cryptocurrency trades, with typical spreads being competitive. For example, the spread for Bitcoin against the US dollar (BTC/USD) is around 0.35%, and for Ethereum against the US dollar (ETH/USD), it’s about 0.60%. These spreads are within the industry standard, offering traders cost-effective trading opportunities . However, there are some non-trading fees to be aware of. AvaTrade imposes an inactivity fee of $50 per quarter after three months of inactivity and a $100 administrative fee after 12 months of inactivity. Additionally, overnight financing fees apply to positions held overnight, with rates varying depending on the asset . Despite these non-trading fees, AvaTrade’s overall fee structure is transparent and competitive, making it a favorable platform for active traders looking to minimize their costs.

XTB

Year Founded: XTB was established in 2002, providing over two decades of experience in the financial trading industry. This longevity indicates a stable and reliable presence in the market.
Number of Users: XTB has a substantial client base, serving thousands of traders worldwide. This extensive user base reflects the trust and satisfaction of its clients.
Transparency: Being listed on the Warsaw Stock Exchange adds to XTB's transparency. The company regularly publishes its financial statements, providing clients and investors with a clear view of its financial health and operations.
Security Methods: XTB is known for its robust security measures. It employs advanced encryption and offers negative balance protection, ensuring that clients' funds and data are secure.
Regulation: XTB is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). This high level of regulatory oversight ensures that XTB adheres to strict financial and operational standards.

AvaTrade

Regulated by Multiple Authorities: AvaTrade is regulated by several top-tier financial authorities, including the Central Bank of Ireland, ASIC in Australia, the Financial Sector Conduct Authority in South Africa, and the Financial Futures Association of Japan. This extensive regulatory oversight ensures a high level of security and compliance with international standards .
Established Track Record: Founded in 2006, AvaTrade has a long-standing presence in the financial industry. This longevity demonstrates the platform's resilience and reliability through various market cycles and financial crises .
Robust Security Measures: AvaTrade employs advanced security protocols to protect client funds and personal information. These measures include negative balance protection and the segregation of client funds from the company’s operational funds, ensuring that your investments are safeguarded against unforeseen events .
Comprehensive Customer Support: AvaTrade offers excellent customer service, available 24/5 via live chat, phone, and email. The support team is multilingual, responsive, and well-equipped to handle a wide range of trading-related queries, ensuring that users can get the help they need promptly .
Transparent Operations: AvaTrade maintains transparency in its operations, providing clear information about its fees, regulatory status, and security measures. This transparency builds trust and allows traders to make informed decisions about their investments

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Account Minimum

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Direct link to the website

Product selection

Native token

XTB does not have a native token.

AvaTrade does not have a native token.

Earns

XTB does not provide staking or earning options for cryptocurrencies. The platform offers trading in crypto CFDs .

AvaTrade does not provide earning options like staking for cryptocurrencies. The platform focuses on CFD trading .

NFT marketplace

XTB does not have an NFT marketplace.

AvaTrade does not have an NFT marketplace.

Cripto/debit card

XTB does not have a card for its clients .

AvaTrade does not provide a card for its clients .

Payment methods

Transfers

Yes, XTB accepts bank transfers for both deposits and withdrawals .

Yes, AvaTrade accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, XTB accepts Mastercard for deposits.

Yes, AvaTrade accepts Mastercard for deposits.

Wire transfer

Wise is not mentioned as a supported payment method .

Card

Yes, XTB accepts credit/debit cards .

Yes, AvaTrade accepts credit/debit cards .

Comparative table

XTB	Features	AvaTrade
Minimum trade size is flexible, starting at $1. This low threshold allows even small-scale investors to participate in cryptocurrency trading .	Minimum Trade	Minimum trade size is accessible, starting from 0.01 lots, making it suitable for beginners.
XTB charges spreads on crypto trades starting from 0.22% for Bitcoin. While competitive, additional fees apply for certain e-wallet deposits and withdrawals .	Trading and Transaction Fees	Competitive spreads, but inactivity and overnight fees can add up .
XTB offers trading on over 50 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin, along with various crypto pairs .	Number of Cryptocurrencies	Limited selection of 13 cryptocurrencies, including major ones like Bitcoin and Ethereum .
The platform supports 16 intra-crypto pairs, allowing traders to speculate on the performance of one cryptocurrency against another .	Crypto-to-Crypto Trading Pairs	Offers crypto-to-crypto trading pairs, but the range is limited compared to specialized crypto exchanges .
XTB provides comprehensive information about its services, fees, and regulations. However, some users may find the navigation slightly complex .	Website Transparency	The website is clear and informative, with comprehensive details about fees, trading conditions, and regulations .
XTB does not have a card for its clients .	Credit/Debit Card	AvaTrade does not provide a card for its clients .
As a CFD provider, XTB does not offer dedicated crypto wallet services. Traders need to use external wallets if they wish to own actual cryptocurrencies .	Storage Offering	Does not offer crypto wallets as it only deals in crypto CFDs .
XTB does not provide staking options or rewards programs for holding cryptocurrencies, which might be a drawback for some investors .	Staking and Rewards	No staking or rewards programs available, which could be a drawback for some users .
The xStation platform is available on both mobile and desktop, offering a seamless and user-friendly experience with advanced trading tools .	Mobile App and Desktop	AvaTradeGO mobile app and desktop platforms like MetaTrader 4/5 provide robust trading features and user-friendly interfaces .
XTB’s customer service is available 24/5, providing support via phone, live chat, and email. While generally responsive, some users report occasional delays .	Customer Service	Multilingual customer support available 24/5 via live chat, phone, and email, but not 24/7 .
Deposits and withdrawals are mostly fee-free, except for small withdrawals under certain thresholds. The process is straightforward and quick .	Deposit and Withdraw	Free deposits and withdrawals with various methods, though withdrawal processing can take up to five days

Key features

Analysis tools

XTB offers the xStation platform with advanced charting tools, technical indicators, and intra-crypto pairs for detailed analysis. They also provide educational resources and market analysis tools .

AvaTrade offers the Guardian Angel risk management tool for MetaTrader 4 and 5, which provides real-time feedback on trading actions. AvaTrade also provides access to a wide range of technical indicators and charting tools within their trading platforms .

Mobile APP

Yes, XTB provides the xStation mobile app, which includes advanced trading and charting tools

Yes, AvaTrade offers the AvaTradeGo mobile app, which is reliable and provides access to all trading tools and account management features .

Security

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). They provide negative balance protection for retail clients, ensuring investors cannot lose more than their account balance.

Additional features

XTB provides trading on over 50 cryptocurrencies with tight spreads and leverage up to 1:5. Their xStation platform offers intra-crypto pairs and 24/7 trading. XTB is known for its secure environment and transparent accounts, but crypto CFDs are not available to retail traders from the UK .

AvaTrade is known for its extensive range of CFDs, including cryptocurrencies such as Bitcoin, Ethereum, Ripple, and more. They offer leverage up to 1:2 for EU clients and up to 1:25 for non-EU clients. AvaTrade also features the Guardian Angel tool for risk management, which gives instant feedback and advice tailored to each trader’s actions. Furthermore, they provide competitive spreads and have a variety of trading platforms, including MetaTrader 4 and 5 .

Anonymity

Anonymous accounts are not available with XTB. The account opening process requires personal information and identity verification .

Anonymous accounts are not available on AvaTrade. The registration process includes filling out personal information, financial details, and providing proof of identity and residence .

Key points

Available cryptocurrencies

XTB offers trading in cryptocurrency CFDs. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Dogecoin (DOGE), and others, totaling 50 major coins and 16 crypto pairs.

AvaTrade provides trading in cryptocurrency CFDs. The supported cryptocurrencies are Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), EOS, NEO, Dash, Chainlink (LINK), Uniswap (UNI), Litecoin (LTC), Stellar (XLM), IOTA (MIOTA), and Ripple (XRP). Additionally, it offers a Crypto10 index.

User-friendliness

XTB’s platform is designed to be intuitive and easy to use, making it suitable for both beginners and experienced traders. The platform supports a variety of cryptocurrencies and offers competitive spreads. XTB’s strong regulatory framework and educational resources also contribute to a positive user experience .

AvaTrade simplifies the crypto trading experience with a quick and fully digital account setup process. Users can start trading within minutes, which is significantly faster compared to traditional crypto exchanges. The platform supports multiple payment methods for deposits and withdrawals, making it convenient for global users. AvaTrade’s intuitive interface and support for various cryptocurrencies make it an excellent choice for beginners .

Value for money

XTB offers excellent value with tight spreads and no deposit or withdrawal fees for most methods. Its comprehensive educational resources and transparent fee structure enhance its attractiveness, although inactivity fees apply after 12 months.

AvaTrade provides a robust value for money with no deposit or withdrawal fees, though it charges an inactivity fee of $50 after three months of inactivity. The spreads on major cryptos are competitive, making it a good option for active traders.

Countries of operation

United Kingdom, European Union, Dubai, Belize .

Ireland, Japan, Australia, South Africa, United Arab Emirates, Israel .

Best for

XTB is suitable for both beginners and advanced traders who want to trade a wide range of cryptocurrencies with tight spreads. Its comprehensive educational resources and strong regulatory framework make it a reliable choice for crypto trading.

AvaTrade is great for traders who are interested in speculating on the price movements of major cryptocurrencies using CFDs. It’s particularly suitable for those who want to utilize leverage and trade within a highly regulated framework, although the limited number of available cryptocurrencies might be a drawback for some.

Account

Trading

XTB provides extensive crypto CFD trading options with over 50 cryptocurrencies available. The platform is known for its tight spreads and leverage options, making it suitable for active crypto traders.

AvaTrade supports crypto CFD trading with a range of popular cryptocurrencies. The platform is well-regulated and offers leverage, providing a secure environment for trading cryptos.

Deposit and withdrawal

XTB offers free deposits and withdrawals via bank transfers, credit/debit cards, and e-wallets. The process is efficient, with most transactions processed quickly, though small fees may apply for low withdrawal amounts.

AvaTrade supports a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The process is generally smooth, but withdrawal times can vary based on the method used.

Account opening process

XTB offers a hassle-free and fully digital account opening process. Users need to fill out an online form with personal and financial information, and submit verification documents. Accounts are usually approved within one business day.

Opening an account with AvaTrade is simple and fast. Users must complete an online registration form, provide personal information, and upload verification documents. The process is fully digital, and accounts are usually approved within a day.

KYC required?

Yes, KYC is required at XTB. Users need to submit identification documents and proof of address during the account opening process.

AvaTrade requires KYC verification. Users need to submit identification documents and proof of address before they can start trading.

Customer Service

XTB offers comprehensive customer support available 24/5 through phone, email, and live chat. The support team is known for being efficient and knowledgeable, ensuring users get the help they need promptly.

AvaTrade provides strong customer support through multiple channels including live chat, email, and phone. Their support is available 24/5 and is generally responsive, though some users report occasional delays in getting complex issues resolved.

Security

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Which of these exchanges is for you?

Alejandro Borja

As an expert, I find XTB to be a robust choice for cryptocurrency traders, especially those interested in CFDs. The platform offers a broad range of over 50 cryptocurrencies and 16 intra-crypto pairs, providing ample opportunities for diversified trading strategies. The xStation platform is particularly user-friendly, equipped with advanced charting tools and quick execution times, which enhances the overall trading experience. Furthermore, XTB’s strong regulatory oversight by entities like the FCA, CySEC, and KNF, coupled with its transparency as a publicly listed company, ensures a high level of trust and security for traders. However, the lack of support for MetaTrader 4 and 5 and the exclusive focus on CFDs might be limiting for some users. Overall, XTB is highly suitable for both novice and experienced traders looking for a reliable and transparent platform for crypto trading.

Xavier Tarrasó

As a cryptocurrency enthusiast and expert at Threenvest, I highly recommend AvaTrade for its robust regulatory framework and user-friendly trading platforms. AvaTrade’s diverse range of trading instruments and excellent customer support make it a reliable choice for both new and experienced traders. While the selection of cryptocurrencies could be broader, and the inactivity fees lower, the overall security and ease of use make AvaTrade a strong contender in the world of crypto trading.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of XTB vs AvaTrade [ 2024 ]

XTB

AvaTrade

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

XTB

AvaTrade

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives XTB and AvaTrade