Two brokers are matched on regulation, costs, and platforms. The tension centers on trust signals and pricing clarity across different jurisdictions.
AvaTrade outpaces TPFx in editorial score and regulatory strength, including negative balance protection.
Find out which broker best suits your trader profile.
Choose AvaTrade if…
Choose AvaTrade if you prioritize top-tier regulation and negative balance protection. You also gain advanced charting and a broad instrument universe.
Choose TPFx if…
Choose TPFx if you are Indonesian resident seeking local funding and regulatory coverage. You also access raw spreads and MT5 alongside a proprietary platform.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
AvaTrade offers tighter spreads from 0.90 pips vs 1.50 pips for TPFx, reducing trading costs.
| Editorial score | 4.4/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 3.7 / 5 |
Pros
Heavily regulated across 6+ jurisdictions
AvaOptions platform for vanilla options trading
Strong educational content and structured courses
Multiple platforms including MT4, MT5 and proprietary AvaTradeGo
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | AvaTrade | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
AvaTrade rates 4.4/5 versus 3.7/5 for TPFx. AvaTrade edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
AvaTrade starts from 0.9 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
TPFx has $60, while AvaTrade requires at least $100. This makes TPFx more accessible for traders with limited starting capital.
AvaTrade holds top-tier regulation (ASIC, FSCA, MFSA), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: TPFx requires a lower minimum deposit ($60), lowering the barrier to entry, and AvaTrade provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
AvaTrade lists maximum leverage of 400:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
AvaTrade supports ZuluTrade, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5 and Proprietary Web/Mobile. AvaTrade has exclusive access to ZuluTrade and MetaTrader 4.
AvaTrade wins for safety and regulation with top-tier authorities and fund segregation.
AvaTrade is best for active traders thanks to higher leverage and broad platforms.
TPFx is better suited for scalpers: raw/ECN spreads available.
AvaTrade wins for platform choice with MT4, MT5, and AvaTradeGo.
AvaTrade wins for beginners due to comprehensive education resources.
AvaTrade wins for instrument variety with 1250 offerings.
Fees & Spreads 30% weight | 4.4 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 4.3 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.4 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2006 | 2010 |
|---|
| Headquarters | Dublin, Ireland | Jakarta, Indonesia |
|---|
| Min Deposit | $100 | $60▼ lower |
|---|
| Spreads From | 0.9 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 400:1▲ higher | 100:1 |
|---|
| Inactivity Fee | $50/month (after 3 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FSCA MFSA CBI ADGM | BAPPEBTI OJK |
|---|
| Platforms | ZuluTrade MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Inactivity fee of $50 after 3 months of no trading
Not available to US residents
Spread-only model means no raw ECN pricing
No investor compensation scheme
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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