Fondex vs Avatrade
Fondex or AvaTrade – which is better for UK traders 2024? Compare Fondex and AvaTrade in this detailed breakdown of their platforms, features and fees.
| Fondex | AvaTrade |
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| Fondex is ranked #97 among CFD brokers. | AvaTrade is ranked #1 among CFD brokers. |
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Fondex has closed or no longer accepts UK clients.
Fondex now trade under the name TopFX
Fondex is an award-winning forex and CFD broker with industry low trading costs. |
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, alongside a comprehensive education center and multilingual customer support. |
| 76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSA, CySEC | 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. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 2% | |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| Yes | No |
| AlgoTrader | |
| No | Yes |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| Yes | No |
| eSignal | |
| No | No |
| Trading Central | |
| Yes | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | 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 | |
| Yes | Yes |
| Auto Trading | |
| Yes (cBots) | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Fondex offers a top-rated copy trading solution where beginners can mirror the buy and sell positions of experienced investors. | 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 | 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 | |
| $5 | $50 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Fondex offers leveraged CFDs on a wide range of popular financial markets. | 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 | |
| 1:500 | 1:30 (Retail) 1:400 (Pro) |
| FTSE Spread | |
| 1.8 | 0.5 |
| GBPUSD Spread< | |
| 0.8 | 1.5 |
| Oil Spread | |
| 3.4 | 0.02 |
| Stocks Spread | |
| From 0.01 | 0.13 |
| Forex | |
| Fondex offers trading opportunities on 80 currency pairs, including majors. | 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 | |
| 80+ | 50+ |
| GBPUSD Spread | |
| 0.8 | 1.5 |
| EURUSD Spread | |
| 0.45 | 0.9 |
| EURGBP Spread | |
| 0.56 | 1.5 |
| Currency Indices | |
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| Cryptocurrency | |
| Trade cryptocurrencies on the cTrader platform. | 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 0.5 pips | BTC <1%, ETH 2% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Fondex | AvaTrade |
| 76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
| More Comparisons | |
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Fondex vs |
AvaTrade vs |