AvaTrade vs Openbank 2026: which is better?
We compared AvaTrade and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- AvaTrade holds 4 licences from strong regulators, against 0 for Openbank.
- AvaTrade offers a swap-free Islamic account; Openbank does not.
- AvaTrade offers copy trading; Openbank does not.
- AvaTrade offers MetaTrader 4, MetaTrader 5, which Openbank does not.
Comparison table
| Comparison table |
AvaTrade
Broker
|
Openbank Broker |
|---|---|---|
| Licences | ASIC, CBI, JFSA, FSRA, CySEC, FSCA, CMA (KE), ISA, SFC (CO), FSC (VG) Best | BdE |
| Minimum deposit | $100 | — |
| Maximum leverage | 1:400 | — |
| Trading platforms | MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, AvaTrade App, AvaOptions, AvaSocial, DupliTrade | Openbank App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) | Stocks, Cryptocurrencies, Exchange-Traded Funds (ETFs) |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | — |
| Copy trading | ✓ Yes | — |
| Founded | 2006 | 1995 |
| Headquarters | Dublin, Ireland | Boadilla del Monte (Madrid), Spain |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose AvaTrade if you
- want more licences from strong regulators
- need a swap-free Islamic account
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, AvaTrade or Openbank?
We compared AvaTrade and Openbank on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. AvaTrade holds 4 licences from strong regulators, against 0 for Openbank. AvaTrade offers a swap-free Islamic account; Openbank does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are AvaTrade and Openbank regulated?
AvaTrade licences: CySEC, ASIC, CBI, FSCA, CMA (KE), FSC (VG), JFSA, FSRA, ISA, SFC (CO). Openbank licences: BdE.
What is the minimum deposit at AvaTrade and Openbank?
AvaTrade: $100. Openbank: not available.
Do AvaTrade and Openbank offer an Islamic account?
AvaTrade: Yes. Openbank: No.