FlowBank vs AvaTrade

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

FlowBank vs AvaTrade Comparison Table 2024
FlowBank AvaTrade
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4
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4.9
FlowBank is ranked #96 among CFD brokers. AvaTrade is ranked #1 among CFD brokers.
Review
Review
FlowBank is a regulated bank and trading broker with a wide range of instruments including forex, funds, cryptos and thousands of stocks, that offers direct and high-leverage CFD trading on the MetaTrader 4 and MetaTrader 5 platforms. Traders benefit from ultra-tight spreads, low or no commissions and a free stock joining bonus. 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
  • Registered bank with regulatory oversight from FINMA
  • Demo account with a quick sign-up process
  • MT4 integration for desktop, web and mobile
  • No minimum deposit for traders on a budget
  • Full range of investments with 4500+ assets including crypto derivatives
  • Wide range of account base currencies catering to global traders
  • 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
  • Limited deposit options apart from wire transfer and bank cards
  • No copy trading service for aspiring traders
  • 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
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Stocks, ETFs, Funds, Commodities, Cryptos CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FINMA ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
Mobile Apps
iOS & Android iOS & Android
Trading App

The FlowBank trading app offers advanced technical and fundamental analysis features, over 50 forex pairs, plus instant and pending orders. Traders can download the app to Apple and Android devices.

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
Yes Yes
MetaTrader 5
Yes 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
Yes No
DMA Account
Yes 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
No Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader 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
MetaTrader Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $50
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • AED
  • HUF
  • THB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Oil
  • Natural Gas
  • Coffee
  • Cocoa
  • Soybeans
  • Sugar
  • Gold
  • Silver
  • Gold
  • Oil
  • Silver
  • Copper
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Gasoline
  • Palladium
  • Cocoa
  • Wheat
  • Precious Metals
  • Platinum
  • Natural Gas
  • Soybeans
  • Lithium
  • Cannabis
CFD
Trade 4500+ CFDs with tight spreads and no commission except stocks. Choose between 4 different trading platforms and apps, including MT4, MT5 and proprietary options. The broker also sometimes offer joining promotions. 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
1:200 1:30 (Retail) 1:400 (Pro)
FTSE Spread
1.0 0.5
GBPUSD Spread<
0.7 1.5
Oil Spread
0.03 0.02
Stocks Spread
0.02¢ commission 0.13
Forex
Trade 50+ major, minor and exotic pairs with spreads form 0.5 pips, no commissions and leverage up to 1:200. Importantly, the heavily regulated broker also provides a relatively secure forex trading environment. 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
50+ 50+
GBPUSD Spread
From 0.0 1.5
EURUSD Spread
From 0.0 0.9
EURGBP Spread
From 0.0 1.5
Currency Indices
  • USD
Cryptocurrency
Speculate on crypto markets via 10 crypto/USD pairs as well as ETPs, ETNs, ETF, tracker certificates and closed-end funds. This range of derivatives offer diversified exposure to digital markets that aren't found at many alternatives. Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage.
Spread
From 0.3 BTC <1%, ETH 2%
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • EOS
  • XLM
  • NEO
  • DOGE
  • UNI
  • LINK
  • BCH
  • BTC
  • BTG
  • ETH
  • LTC
  • XRP
  • EOS
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
FlowBank AvaTrade
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