Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| LMAX | AvaTrade | |
|---|---|---|
| Overall score | 3.36 / 5 | 4.1 / 5 |
| Regulation | CySEC No. 310/16 + FCA-licensed (FRN unconfirmed) FCA-licensed; firm reference number not independently confirmed. |
EU-regulated (MiFID passporting) + FSA Seychelles No. SD033 Regulated in the EU via MiFID passporting; confirm current entity with AvaTrade directly. single-source; spot-check recommended |
| Entity | LMAX Broker Europe Ltd | Ava Trade EU Ltd |
| Founded | 2010 | 2006 |
| Headquarters | London, United Kingdom (LMAX Group parent, set up by Betfair/Goldman Sachs alumni); LMAX Broker Europe Ltd is the CySEC-licensed Cyprus entity serving EU retail clients | Dublin, Ireland |
| Minimum deposit | $10,000 | $100 |
| Avg. spread (EUR/USD) | 0.3 pips | 0.93 pips |
| Platforms | MT4, MT5, Proprietary (LMAX Trader) | Proprietary (AvaTradeGO), MT4, MT5, DupliTrade, ZuluTrade |
| Other Tier-1 regulators | None confirmed | ASIC, JFSA (Japan), CIRO (Canada), Central Bank of Ireland |
| Instruments | LMAX publishes a specific, independently reported range rather than a vague estimate: 100+ instruments across forex, spot metals (bullion), equity indices, commodities, and cryptocurrency CFDs, plus a "Weekend FX" product (cash-settled FX CFDs tradable over the weekend). No shares/stock CFDs were found in any source. | CFDs across forex, stocks, indices, commodities, ETFs, bonds, crypto |
| Visit | Visit LMAX | Visit AvaTrade |
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