FXOpen vs AAATrade
FXOpen or AAATrade – which is better for UK traders 2024? Compare FXOpen and AAATrade in this detailed breakdown of their platforms, features and fees.
FXOpen | AAATrade |
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FXOpen is ranked #72 among CFD brokers. | AAATrade is ranked #97 among CFD brokers. |
FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms. | AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | No |
Instruments | |
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares | CFDs, Forex, Stocks, Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
£300 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $0 |
Regulator | |
FCA, CySEC, ASIC | CySEC |
Mobile Apps | |
iOS & Android | Yes (iOS & Android) |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
1:200 | |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
Yes | Yes |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
Yes | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
Yes | Yes |
LAMM Account | |
No | Yes |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | Yes |
VPS Hosting | |
Yes | No |
Tournaments | |
Yes | No |
Demo Competitions | |
Yes | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution. | During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account. |
Leverage | |
1:30 (EU), 1:500 (Global) | 1:200 |
FTSE Spread | |
0.8 | 0.5 |
GBPUSD Spread< | |
0.2 | 0.00002 |
Oil Spread | |
4.0 | 0.10 |
Stocks Spread | |
N/A | Floating |
Forex | |
FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts. | AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar. |
Assets | |
50+ | 10000+ |
GBPUSD Spread | |
0.2 | 0.00002 |
EURUSD Spread | |
0.2 | 0.00002 |
EURGBP Spread | |
0.2 | 0.00002 |
Cryptocurrency | |
FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK. | I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR. |
Spread | |
Variable | Floating |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | Yes |
FXOpen | AAATrade |
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