BUX Markets vs Avatrade

BUX Markets or AvaTrade – which is better for UK traders 2024? Compare BUX Markets and AvaTrade in this detailed breakdown of their platforms, features and fees.

BUX Markets vs AvaTrade Comparison Table 2024
BUX Markets AvaTrade
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3.5
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4.9
BUX Markets is ranked #96 among CFD brokers. AvaTrade is ranked #1 among CFD brokers.
Review
Review
BUX Markets is a forex, CFD and spread betting broker based in the UK. The broker offers over 1,000 instruments through its bespoke trading platform, TradeHub, with a low minimum deposit of $100. BUX Markets boasts over 2 million users and is regulated by the FCA. AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
Pros
  • I was pleased to find a PRO account for eligible clients, offering spread rebates up to 15% on currency pairs, high leverage up to 1:200 and discounts on financing costs up to 0.5%
  • BUX Markets’ proprietary trading platform, TradeHub, is a feature-rich desktop terminal and app and I particularly appreciate the excellent library of 170 technical studies
  • I’m satisfied with the broker’s strong regulatory oversight from the UK’s FCA, as well as the CySEC for those registered with the European entity
  • Spread betting is available for eligible clients, which I think is an excellent way to diversify your portfolio whilst not paying tax or commission
  • WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for traders
  • The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
  • Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
  • Recently introduced AvaFutures offers an alternative vehicle to speculate on over 35 markets with low trading margins
  • There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
  • The broker offers reliable 24/5 multilingual customer support with fast response times during testing
  • AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
  • Traders can access stable spreads and zero commissions with no hidden fees
Cons
  • It’s a shame that there are no educational materials and additional trading tools on offer, which significantly trails behind the standard available at top competitors
  • I am a little disappointed in the lack of payment methods compared to other brands. BUX Markets only offers payments via bank transfer and credit/debit cards
  • I think the single proprietary account offering may disappoint traders who prefer to use popular third-party tools like MetaTrader 4 or 5
  • A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
  • There’s an above-average $50 inactivity fee after three months, though this won't impact active traders
  • It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here
  • There is no ECN account with raw spreads
  • Traders from the US are not accepted
Awards
  • Best Mobile Trading Platform 2023 - Finance Derivative
  • Best Educational 2023 - Global Business Magazine
  • Best Overall Broker 2022 - DayTrading.com
  • Best Trading App 2021 - DayTrading.com
  • Best Forex Broker 2019 - DayTrading.com
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
CFDs, Spread Betting, Stocks, Indices, Commodities, Bonds, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
Mobile Apps
iOS & Android iOS & Android
Trading App

AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere.
iOS App Rating
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4.3
Android App Rating
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4
Margin Trading
Yes Yes
Margin Rate
2%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $50
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Gold
  • Silver
  • Platinum
  • Oil
  • Wheat
  • Gold
  • Oil
  • Silver
  • Copper
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Gasoline
  • Palladium
  • Cocoa
  • Wheat
  • Precious Metals
  • Platinum
  • Natural Gas
  • Soybeans
  • Lithium
  • Cannabis
CFD
BUX Markets offers a fairly diverse selection of CFDs covering currencies, indices, shares, ETFs, commodities, interest rates and bonds. The broker’s advanced charting package makes it possible to execute complex strategies using 170 technical studies, which is impressive compared to other CFD trading platforms I’ve used. AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.
Leverage
1:30 1:30 (Retail) 1:400 (Pro)
FTSE Spread
3 0.5
GBPUSD Spread<
1.2 1.5
Oil Spread
0.05 0.02
Stocks Spread
0.1% 0.13
Forex
My tests uncovered 35+ currency pairs with leverage up to 1:30. This isn’t a particularly wide range of pairs compared to other brands, and I was disappointed that the minimum spread for EUR/USD is not very competitive at 0.7 pips. That said, I like that I can access both web and mobile versions of the platform, so I can trade currencies whilst on the go. AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
Assets
36 50+
GBPUSD Spread
1.2 1.5
EURUSD Spread
0.7 0.9
EURGBP Spread
1 1.5
Currency Indices
  • USD
BUX Markets AvaTrade
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