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, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$200MT4, MT5, cTrader230+ASIC

AvaTrade vs IC Markets Comparison

These brokers each offer MetaTrader 4 (MT4). IC Markets additionally provides 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.

Quick comparison

Both brokers offer MT4. IC Markets additionally provides MT5 and 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 four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Data Centres to deliver low latency trading conditions and has micro lot trading. IC Markets allows social and copy trading on MT4, MT5 and cTrader.
  • 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 says that the True ECN and cTrader accounts are more suited to EAs and scalpers, but all trading styles are welcome on each account type.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Cryptocurrencies and Metals, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Bonds, Metals and Options, with 200+ available.
  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Bonds and Precious Metals, with 230+ available on MT5. On MT4, IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities and Precious Metals, with 100+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Stellar 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 regulated) is 500:1.

Platforms

AvaTrade offers MT4 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) and/or to use cTrader will find these platforms at IC Markets. Traders who wish to use or supplement their trading with social and copy trading can use either as well.

Comparison summary

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

Search this site

Translate