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FXORO vs AAATrade

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

FXORO vs AAATrade Comparison Table 2024
FXORO	AAATrade

2.8	3.5
FXORO is ranked #92 among CFD brokers.	AAATrade is ranked #92 among CFD brokers.
Review	Review
FXORO is an international brokerage firm founded in 2010 and based in Cyprus. The firm is regulated by the Cyprus Securities and Exchange Commission (CySEC) and provides consistent trading conditions with negative balance protection and free membership to the investor's compensation fund.	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
I was glad to see a wide range of payment methods available during my tests, including bank wire, credit cards and several accessible e-wallet solutions I'm pleased to see that FXORO offers the reliable MetaTrader 4 platform, which will serve both beginners and experienced traders FXORO offers a decent range of account types to cater to all traders, including fixed spread, ECN and Islamic accounts FXORO is authorized by CySEC, a respected tier-one regulator with robust financial safeguards in place	I was glad to see commission-free trading available in the Novice account, though seasoned traders can also benefit from low commissions from 0.125% in the Experienced account There's a good range of trading platforms, including the new AAATrader™ and MT5 mobile app. I particularly appreciated the broker's in-house crypto exchange platform I feel assured the AAATrade is regulated by tier-1 authority, the CySEC and is also a member of the Investor Compensation Fund (ICF) I like that there is no minimum deposit for both the Novice and Experienced Accounts, making the broker accessible for all traders I was very impressed to find a $100,000 demo account available with free access to webinars and forex education
Cons
I was disappointed that FXORO doesn't offer any copy trading tools, which is a feature offered at many competitors I would have liked to see another platform on offer, as well as some additional analysis tools FXORO's asset line-up is mediocre compared to popular alternatives	I'm a little disappointed that fees charged on deposits, which puts the broker behind most competitors offering free deposits Crypto trading does not have the same protection or regulation as other markets, though this is industry standard
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Shares, Indices, Commodities, ETFs, Cryptos	CFDs, Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$200	$0
Payment Methods
ecoPayz Maestro Mastercard Neteller PayPal Skrill Sofort Trustly Visa Wire Transfer	Credit Cards Debit Card emerchantpay FasaPay Maestro Neteller Skrill
Minimum Trade
0.01 Lots	$0
Regulator
CySEC	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
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
Yes	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	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
No	No
Social Trading
No	No
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
$25
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CHF	USD EUR GBP
Commodities
Gold Oil Copper Natural Gas Coffee Platinum Sugar Corn Wheat Soybeans Cotton Cocoa
CFD
My tests found that FXORO provides offers an average range of CFD products, covering forex, cryptos, commodities and equities. All these assets can be charted and analyzed manually or automatically with ease through the MetaTrader 4 platform.	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	1:200
FTSE Spread
2 (Fixed Account)	0.5
GBPUSD Spread<
3 (Fixed Account)	0.00002
Oil Spread
4 (Fixed Account)	0.10
Stocks Spread
From 7 (Fixed Account)	Floating
Forex
FXORO has a decent range of forex products on offer, although I would have preferred to see greater opportunities within the exotic currency markets. However, the 60 pairs that clients can trade are supplemented by MT4 access and leverage rates of up to 1:30.	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
60+	10000+
GBPUSD Spread
3 (Fixed Account)	0.00002
EURUSD Spread
2 (Fixed Account)	0.00002
EURGBP Spread
3 (Fixed Account)	0.00002
Cryptocurrency
FXORO clients can access a mediocre range of 9 cryptocurrencies, consisting of key players like Bitcoin, Ethereum and Litecoin. Whilst this is more substantial than many brokers, I feel a much greater range would be required to compete with the top crypto brokers.	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
Bitcoin: $80 over market price (Fixed Account)	Floating
Coins
BTC LTC ETH XLM DOG DASH NEO EOS	BCH BTC EOS ETC ETH LTC USDT DOGE XLM XRP XTC ZEC ADA ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes

FXORO	AAATrade
Review	Review
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