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AvaTrade vs IC Markets
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Updated:
Compare AvaTrade Vs IC Markets Side by Side
Not sure which broker to choose AvaTrade vs IC Markets suitable for your trading needs? We made a detailed comparison between AvaTrade Review and IC Markets Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details side by side.
Summary
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Website | //www.avatrade.com | //www.icmarkets.com |
| Founded year | 2006 | 2007 |
| Headquarter | Ireland | Australia |
| Licenses | Ireland, Australia, Japan, South Africa, UAE, British Virgin Islands, Japan, Cyprus, Israel | Australia, Cyprus, Seychelles |
| Minimum Deposit | US$ 100 | 200 US$ |
| Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | cTrader, MT4, MT5 |
| Eurusd avg Spread | 0.87 pips | 1 pip |
Licenses
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Licenses Countries Info (short) |
|
|
AvaTrade is licensed by esteemed regulatory authorities globally, covering regions like Australia, Japan, and the European Union, showcasing its dedication to international presence. On the other hand, IC Markets upholds rigorous regulatory standards in Australia, Cyprus, and Seychelles.
Broker Types
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Broker types |
|
|
AvaTrade functions as a Market Maker, taking on the opposite side of their clients’ trades. The benefits of this approach include quicker trade execution, a broader array of financial tools, and the ability to adjust spreads. Conversely, IC Markets operates as an ECN broker, linking traders straight to liquidity sources. This approach promotes transparency as it eliminates the need for a dealing desk and provides more competitive spreads due to its direct link to interbank prices.
Trading Conditions
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Trading Conditions |
|
|
AvaTrade offers optimal trading conditions suitable for a range of trading approaches, presenting an array of instruments with appealing spreads and rates. These conditions are crafted specifically for the needs of beginner traders. On the other hand, IC Markets is known for its advantageous trading conditions, marked by quick order execution and narrow spreads, appealing to traders who prioritize fast transaction handling.
Fees & Commissions
| Fees & Commissions | AvaTrade | IC Markets |
|---|---|---|
| Inactivity Feemonth | 0 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.0058% | -0.62 |
| Rollover fee eurusd sell 1 lot | 0.0058% | 0.41 |
| Avg Eurusd standard acc | 0.87 pips | 1 pips |
| Gold | 40 | 1 |
| Brent oil | 3 pips | 5 pip |
| Bitcoin | 0.75% | 42.036 |
Both brokers offer appealing fee setups for trading, with notably narrow spreads and no charges for deposits and withdrawals. AvaTrade maintains a commission-free trading environment, but therefore, the spreads remain higher as compared to most other brokers. IC Markets offers raw spreads as low as 0.0 pips for a commission of $7 per round lot.
Account Types
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Account types |
|
|
Both brokers offer a Standard account option to traders, with provisions to customize into corporate or Swap-Free Islamic accounts as required. Additionally, they provide MAM and PAMM account options for those managing several accounts or looking to distribute trades across multiple accounts. Such accounts are particularly beneficial for money managers and investors seeking a unified platform for their trading oversight.
Markets & Instruments
| Markets & Instruments | AvaTrade | IC Markets |
|---|---|---|
| Forex | 55 | 60 |
| Indices | 23 | 23 |
| Commodities | 29 | 19 |
| Cryptocurrencies | 14 | 10 |
| Shares | 614 | 120+ |
| Bonds | 2 | 9+ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 4 |
| Etfs | 59 | ❌ |
AvaTrade vs IC Markets provide access to similar market segments including forex, commodities, crypto, indices, and shares. However, AvaTrade sets itself apart by featuring CFDs on ETFs in its portfolio as well as spread betting option for its UK clients, while IC Markets includes futures in its offerings.
Trading Platforms
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Platforms |
|
|
AvaTrade boasts an extensive array of MetaTrader platforms complemented by other options such as WebTrader and their exclusive proprietary platforms. These platforms adeptly accommodate both manual and automated trading across a diverse range of financial instruments. In contrast, IC Markets furnishes traders with a comprehensive MetaTrader suite, encompassing both MT4 and MT5, and further offers cTrader, a sophisticated trading platform tailored for the discerning trader.
Deposit & Withdrawal Methods
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Payment methods |
|
|
Both brokers prioritize prompt financial transactions and refrain from levying additional charges for deposits or withdrawals. They provide an array of payment avenues, encompassing credit/debit card transactions, bank transfers, and various e-wallet solutions. Notably, IC Markets boasts a slightly broader array of e-wallet choices compared to its counterpart.
Others
| Feature | AvaTrade | IC Markets |
|---|---|---|
| Others |
|
|
Both AvaTrade and IC Markets uphold an exemplary level of customer service, diligently addressing traders’ inquiries via live chats, phone lines, email outreach, and beyond. In terms of education, they provide a rich reservoir of resources. From engaging webinars and informative video tutorials to in-depth market analyses and written guides, they cater to traders with an eagerness to enhance their market proficiency.
Conclusion on IC Markets vs AvaTrade
In summary, after comparing AvaTrade vs IC Markets, it’s evident that both brokers stand tall in their credibility and dependability, delivering global-standard trading conditions marked by competitive spreads and an expansive market spectrum. AvaTrade, with its diverse platform offerings and cost-friendly strategies, emerges as a compelling option in these areas. Meanwhile, for aficionados of automated trading seeking a pure spread trading ambiance, IC Markets stands out as the more favorable choice. Here is our final recommendation:
- AvaTrade –
Best MetaTrader Broker for offering high-tech access to an expanded range of instruments and multiple platforms. - IC Markets — Best Raw Spread Broker for an optimized trading experience and Good Instrument selection
