AvaTrade vs IC Markets - Online Brokerage Comparison

AvaTrade vs IC Markets | Compare Trading Brokers

AvaTrade vs IC Markets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$200MT4, MT5, cTrader230+ASIC, FSA, CySEC

AvaTrade vs IC Markets Comparison

These brokers each offer MetaTrader 4 (MT4) and the successor to MT4, MetaTrader 5 (MT5). As well, IC Markets offers cTrader.

IC Markets is an ECN broker, utilising Equinix infrastructure to provide low latency connections, and hence facilitate rapid order processing (important for some trading approaches).

Both brokers allow the trader to use Expert Advisors (EAs) on MT4. EAs are online trading robots which execute trading strategies on behalf of the trader. MT5 also uses EAs. cTrader has robots called cBots. Traders who do not use automated trading can use these platforms as well.

IC Markets has a relatively large number of markets to trade for an ECN broker, however AvaTrade has a wider range. AvaTrade can offer FX Options trading on another platform, AvaOptions.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles.

Quick comparison

Both brokers offer MT4 and MT5. IC Markets additionally provides cTrader and is an ECN broker.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for IC Markets is $200.

  • AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading. EAs and scalping are allowed at AvaTrade.
  • IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
  • IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy and Metals, with 35+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Bonds and Options, with 200+ available.
  • IC Markets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs and Bonds, with 230+ available on MT5. On MT4, IC Markets offers Forex, Indices, Energy, Metals, Cryptocurrencies and Soft Commodities, with 100+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Stellar, NEO, IOTA and Bitcoin Gold.
  • IC Markets provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Emercoin, Namecoin and Peercoin.

Spreads and leverage

  • IC Markets can offer low Forex spreads plus a commission charge. AvaTrade can offer Forex spreads from 0.9 without a commission charge, while IC Markets can offer Forex spreads from 1 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for AvaTrade (ASIC regulated) is 400:1. Maximum leverage for IC Markets (ASIC or FSA regulated) is 500:1. Maximum leverage for IC Markets (CySEC regulated) is .

Online trading platforms

AvaTrade offers MT4, MT5 and AvaOptions as well as apps. IC Markets provides MT4, MT5 and cTrader and apps.

Why AvaTrade or IC Markets ?

Traders who wish to execute automated trading strategies (and build them) can use either broker as each supports EAs on MT4. Traders wanting the successor to MT4 (MT5) can find this platform at etiehr broker. Traders wanting to use cTrader will find this platforms at IC Markets. Traders who wish to use or supplement their trading with social and copy trading can use either broker as well.

Comparison summary

  • Both offer CFD trading
  • In the UK, AvaTrade also provides MT4 spread betting
  • Each has MT4 and MT5
  • IC Markets additionally provides cTrader
  • AvaTrade also provides AvaOption, on which it offers FX Options
  • Both support automated trading
  • IC Markets is an ECN broker

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