AAAFx vs. IC Markets Broker Comparison

AAAFx vs. IC Markets Broker Comparison

AAAFx versus IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$200MT4, MT5, cTrader230+ASIC

AAAFx and IC Markets Comparison

AAAFx and IC Markets are brokers which provide ECN accounts which can offer low spreads plus a commission charge. IC Markets also offers an account which can have higher spreads and no commission charge. AAAFx can provide this kind of account upon request.

Both brokers offer MetaTrader 4 (MT4) and allow the use of Expert Advisors (MT4's online trading robots). IC Markets additionally provides MetaTrader 5 (MT5) and cTrader. AAAFx offers a trading platform in addition to MT4, which is the ZTP web trader.

AAAFx is regulated by the HCMC in Greece and IC Markets is regulated by the ASIC in Australia.

Quick comparison

Both offer ECN trading. IC Markets has more markets, particularly on MT5, where it has Stocks CFDs.

Social and copy trading

These are both ECN brokers which allow trading with robots, however each also support social and copy trading. Both brokers integrate with dedicated social and copy trading platform, ZuluTrade. IC Markets additionally offers another dedicated platform, Myfxbook.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370 and the minimum deposit for IC Markets is $200.

  • AAAFx offers an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts.
  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions. IC Markets provides Forex news, video tutorials and and economic calendar on its website.

Markets

  • AAAFx offers 55+ covering Forex, Metals, Energy, Indices, Cryptocurrencies and Bonds.
  • IC Markets offers 230+ covering Forex, Metals, Energy, Indices, Cryptocurrencies, Bonds, Soft Commodities, Futures, ETFs and Stocks.

Cryptocurrency CFDs

  • AAAFx provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • IC Markets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Emercoin, Namecoin, Peercoin and EOS.

Spreads and leverage

  • Spreads at AAAFx are variable and are from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil.
  • Spreads at IC Markets are variable and are from -0.3 for EUR/USD on cTrader and 0.0 on MT4, 0.3 for Gold, 1 for UK100 and 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

Maximum leverage for AAAFx is . Maximum leverage for IC Markets is 500:1.

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • IC Markets charges a commission of $3.50 per lot per side for the True ECN account and the cTrader account charges a commission of $3 per 100,00 USD traded per side. Commissions are charged only for Forex and Metals.

Platforms

AAAFx makes available ZTP and MetaTrader4 (MT4) along with the ZuluTrade platform. All of these platforms allow for trading automation and are available as mobile applications.

IC Markets provides a web trader, MT4, MT5 and cTrader (including cAlgo) and mobile trading and supports trading automation.

Why AAAFx or IC Markets ?

Traders who want to trade using robots can do so at either broker. Traders wishing to use the successor platform to MT4, MT5 can find this at IC Markets, which also offers cTrader. AAAFx also provides the ZTP web trader, which is designed for the trader who executes their own trades, but also supports trading automation via ZuluScripts. Both brokers provide support for social and copy trading. On MT5, IC Markets has more markets than AAAFx and offers Stocks CFDs to trade.

Comparison summary

  • Both are ECN brokers
  • Each offers CFD trading
  • Both brokers provides MT4
  • Each allows trading with robots
  • AAAFx additionally provides the ZTP web trader
  • IC Markets additionally offers MT5 and cTrader

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