Amega vs AvaTrade

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

Amega vs AvaTrade Comparison Table 2024
Amega AvaTrade
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3.2
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4.9
Amega is ranked #78 among CFD brokers. AvaTrade is ranked #91 among CFD brokers.
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Review
Amega is an offshore STP broker offering CFD trading fon forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.
AvaTrade has closed or no longer accepts UK clients.
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
  • Amega supports a growing selection of payment options, including cryptos and international banking solutions with an accessible $20 minimum deposit.
  • The MetaTrader 5 platform is excellent for trading with low latency, sophisticated order types, and up to 128 indicators and 21 timeframes to aid precise analysis.
  • The One account keeps things simple for aspiring traders, featuring the full range of forex, stocks, indices and commodities with no hidden fees or swap fees, and $1 cashback per lot.
  • 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
  • Despite offering negative balance protection, Amega still lacks authorization from a trusted regulator, making it a high-risk option with no access to investor protection.
  • Although the library of educational guides is growing, it falls far behind the likes of eToro which offers quizzes, videos and a social trading network for a complete learning journey.
  • As brokers increasingly invest in their own trading software and add third-party solutions like cTrader to meet various trader preferences, Amega trails behind with just MT5.
  • 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
Instruments
CFDs, Forex, Shares, Indices, Commodities, Cryptos CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
Demo Account
Yes Yes
Minimum Deposit
$20 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM
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
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
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
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
MT5 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
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Corn
  • Wheat
  • Sugar
  • Soybeans
  • Cocoa
  • Coffee
  • Gold
  • Silver
  • Palladium
  • Platinum
  • Oil
  • Gasoline
  • Natural Gas
  • Gold
  • Oil
  • Silver
  • Copper
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Gasoline
  • Palladium
  • Cocoa
  • Wheat
  • Precious Metals
  • Platinum
  • Natural Gas
  • Soybeans
  • Lithium
  • Cannabis
CFD
Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers. 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
1:1000 1:30 (Retail) 1:400 (Pro)
FTSE Spread
From 0.8 pips 0.5
GBPUSD Spread<
From 0.8 pips 1.5
Oil Spread
From 0.8 pips 0.02
Stocks Spread
From 0.8 pips 0.13
Forex
Amega offers an unusually large selection of currency pairs for an unregulated broker with 70+ forex CFDs, alongside up to 1:1000 leverage, zero commissions and competitive spreads from 0.8 pips. FX traders also have access to MT5 – the faster, more advanced version of MT4. 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
70+ 50+
GBPUSD Spread
0.8 1.5
EURUSD Spread
0.8 0.9
EURGBP Spread
0.8 1.5
Currency Indices
  • USD
Cryptocurrency
Trade popular digital tokens against fiat currencies. Go long or short on Bitcoin and get 24/7 instant cashback when you trade in high volumes. However, traders looking for low-cap tokens should look at alternative brokers. 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 0.8 pips BTC <1%, ETH 2%
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • 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
Amega AvaTrade
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